Tencent reports record revenue and shifts buyback funds to AI

Tencent Holdings reported strong financial results for the fourth quarter of 2025, with revenue reaching 194.4 billion yuan, or about 28.3 billion dollars, marking a 13 percent increase from a year earlier and slightly exceeding analyst forecasts. Net profit attributable to shareholders rose 14 percent to 58.3 billion yuan. Annual revenue......

Nvidia chief backs OpenClaw as AI agent frenzy grips China

An open source artificial intelligence agent known as OpenClaw has sparked rapid adoption across China, drawing strong interest from users, tech companies, and regulators within weeks of gaining traction. The tool, created by Austrian programmer Peter Steinberger and released on GitHub in November, goes beyond traditional chatbots by autonomously......

Bmw targets recovery in China with neue klasse electric platform

German automaker BMW is aiming to strengthen its position in China by launching its next-generation electric vehicle platform, known as “Neue Klasse,” as competition intensifies in the world’s largest car market. After a period marked by aggressive price reductions across the electric vehicle (EV) sector, market conditions......

China reroutes oil shipments as Hormuz disruption reshapes energy flows

China is drawing on years of strategic preparation to cushion the impact of escalating disruptions to global oil flows, as military tensions involving Iran enter a third week. As the world’s largest oil importer, Beijing has relied on large crude stockpiles, alternative shipping routes, and rapid electrification to maintain energy stability. The......

Tencent to integrate Ai agents into WeChat ecosystem

Chinese tech giant Tencent has announced plans to introduce artificial intelligence agents into its flagship application WeChat, marking a new step in the evolution of digital services. The company revealed that these AI-powered agents will be designed to perform practical tasks for users, such as sending emails, managing schedules, or booking......

Trump seeks to delay Xi summit as Iran war reshapes priorities

US President Donald Trump said he has requested a one month delay to his planned summit with Chinese President Xi Jinping, citing the ongoing war with Iran as the reason for remaining in Washington. Speaking at the White House, Trump said he wanted to travel to China but considered it necessary to stay in the United States due to the conflict.......

Goldman says fuel prices hit harder than crude in oil shock

Goldman Sachs warned that the ongoing conflict involving the United States, Israel and Iran is driving sharper increases in refined fuel prices than in crude oil, even as Brent remains above 100 dollars per barrel amid one of the largest supply disruptions on record. The bank’s commodities team, led by Daan Struyven, raised its short-term......

Oil prices rebound above $100 as Hormuz concerns persist

Oil prices rose sharply on Tuesday as renewed concerns over the Strait of Hormuz erased the previous day’s relief rally, highlighting ongoing disruption in one of the world’s most critical energy corridors. Brent crude climbed nearly 3 percent to around $103 per barrel, while US benchmark West Texas Intermediate rose to about......

Tungsten prices surge 557 percent as China tightens export controls

Global tungsten prices have soared to record levels after China tightened export restrictions on the strategic metal, triggering supply shortages that are affecting defense and technology industries worldwide. The price of ammonium paratungstate, the main benchmark for tungsten trading, has climbed above 2,250 dollars per metric ton unit,......

Oil prices exceed 100 dollars as Strait of Hormuz crisis deepens

Oil prices climbed above 100 dollars per barrel at the start of the week as the conflict involving the United States, Israel, and Iran entered its third week, raising concerns about prolonged disruption to global energy supplies. West Texas Intermediate, the main United States benchmark, rose to around 100 dollars per barrel, while Brent......

US Treasury Secretary Bessent calls talks with China in Paris constructive

US Treasury Secretary Scott Bessent described the recent economic and trade discussions with Chinese representatives in Paris as “constructive,” highlighting the stability of the bilateral relationship. Speaking to reporters after two days of meetings, Bessent emphasized that the talks demonstrated a willingness on both sides......

Asian markets fall as oil holds above $100 amid Iran war

Asian financial markets opened lower Monday as investors prepared for another volatile week, with oil prices remaining above 100 dollars per barrel and no clear end to the conflict between the United States and Iran that has effectively disrupted shipping through the Strait of Hormuz. Futures tied to United States equities also signaled a......

China industrial output and retail sales beat forecasts early in 2026

China’s economy started 2026 stronger than expected, with industrial production and retail sales both exceeding forecasts in the January to February period, according to data released Monday by the National Bureau of Statistics. Industrial output rose 6.3 percent year on year during the first two months of the year, accelerating from......

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