Lunar New Year 2026 ushers in Year of the Fire Horse

Cities worldwide kick off celebrations for the Year of the Fire Horse as Lunar New Year 2026 begins officially on January 28, with festivities spanning Southeast Asia, Europe, and North America over the coming weeks. The Fire Horse, last seen in 1966, returns after 60 years, promising astrologers a time of transformation, ambition, and momentum.......

China's export surge hides deepening domestic slump

In the bustling port city of Ningbo, just two hours south of Shanghai, China's economic paradoxes stand out starkly. The Ningbo-Zhoushan port handled 1.4 billion tons of cargo in 2025, holding its title as the world's busiest for the 17th year running. Yet a short distance up the Yong River, restaurants sit empty, construction sites......

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......

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