iPhone 16 leads global smartphone sales in 2025

The iPhone 16 topped worldwide smartphone sales in 2025, with Apple claiming seven of the top ten spots, according to fresh data from market research firm Counterpoint Research. This ranking highlights Apple's strong performance across consumer and premium models throughout the year, while Samsung held three positions, mostly with entry-level......

China ends credit restrictions that sparked property crisis

China has officially scrapped its "three red lines" policy for real estate developers, lifting the strict credit limits that ignited a debt crisis still rippling through the world's second-largest economy. According to a report from China Real Estate Business, a publication under the Ministry of Housing and Urban-Rural Development,......

Microsoft loses $357 billion in second-largest single-day market drop

Microsoft's market capitalization plunged by $357 billion on Thursday, securing the second-largest one-day loss in stock market history. Investors punished the tech giant over slowing cloud growth and rising doubts about the returns from its massive artificial intelligence investments. The stock closed down nearly 10 percent, marking......

U.S. Treasury labels yuan largely undervalued, warns China

The U.S. Treasury labeled China's yuan "largely undervalued" on Thursday and urged Beijing to let it appreciate, toughening its tone in the semiannual currency report while stopping short of naming China a currency manipulator. The assessment cites China's "extremely large and growing external surpluses," warning......

Panama Supreme Court cancels CK Hutchison port concessions on strategic canal

Panama’s Supreme Court has annulled the concession that allowed Hong Kong–based conglomerate CK Hutchison to operate two major ports located at the Atlantic and Pacific entrances of the Panama Canal. The ruling declared unconstitutional the legal framework under which the contracts were granted. The decision follows complaints......

Tesla pivots from car production to AI and robotics amid revenue drop

Tesla has reported its first annual revenue decline, marking a pivotal shift toward artificial intelligence and robotics as the electric vehicle pioneer navigates intensifying market pressures. The company disclosed a 3% drop in total revenues for 2025, with profits plunging 61% in the final quarter. This comes as Tesla phases out production......

UK and China forge major trade deals on Starmer's landmark Beijing visit

British Prime Minister Keir Starmer and Chinese President Xi Jinping announced significant trade agreements Thursday, marking the first visit by a UK leader to China in eight years. The deals, unveiled during an 80-minute meeting at Beijing's Great Hall of the People, include AstraZeneca's 15 billion dollar investment commitment through......

Volkswagen CEO faces pivotal year after $48 billion market value loss

Investors are pressing Volkswagen CEO Oliver Blume for concrete results in what they view as a make-or-break year for the German automaker. Now freed from his dual role at Porsche, which ended January 1, Blume has a narrowing window to halt the company's decline in China and address critical technology gaps against rivals. Under Blume's......

Silver hits record $119 per ounce amid crash warnings

Silver surged to a historic peak of $119 per ounce on January 29, fueled by the Federal Reserve's decision to hold interest rates steady. The metal's parabolic climb has sparked stark warnings from market veterans drawing parallels to past speculative manias. Former JPMorgan chief strategist Marko Kolanovic delivered the most bearish......

China unveils orbital AI data centers and space tourism plans

China has announced bold initiatives to launch space tourism and gigawatt-scale orbital data centers for artificial intelligence within the next five years, escalating its rivalry with the United States in what both view as the next arena for commercial and strategic supremacy. State media reported that the China Aerospace Science and Technology......

The world’s largest economies in 2026 by nominal GDP

Global economic power in 2026 remains highly concentrated, with a handful of countries accounting for a large share of worldwide output. According to international economic projections, total global gross domestic product (GDP) is expected to reach approximately 123.6 trillion dollars, reflecting steady but uneven growth across regions. The......

Bangladesh signs defense deal with China to produce drones domestically

Bangladesh has signed a defense agreement with China Electronics Technology Group Corporation International (CETC) to build a drone manufacturing and assembly facility in the country, along with technology transfer, the Bangladesh Air Force (BAF) announced. The signing ceremony took place at BAF headquarters in Dhaka, attended by Air Chief......

Denmark and China renew cooperation on green maritime technology

Denmark and China have renewed a bilateral agreement focused on cooperation in green maritime technology and shipbuilding, reaffirming their long-term partnership in the sector, China’s Ministry of Industry said on Tuesday. The updated pact includes plans for joint research and development on ships powered by low- and zero-carbon fuels,......

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