Brent Crude Headed to Record Monthly Gain
Trump's Iran adventure boosted US West Texas Intermediate futures 54% this month while front-month Brent futures set an all-time record monthly gain of 58%.
Business
Selloff of Contract Medical Research Firms Overestimates AI Impact
Shares of contract research organizations are falling on fears that AI may let drugmakers to take clinical trial work in-house but experts don't see a ...
Huawei 2025 Revenue Growth Barely a Tenth of 2024
China's leading smartphone maker reported feeble 2.2% growth in 2025 revenues as it continues to suffer from a 2020 US block on access to advanced ...
Zhipu Accelerates Pivot to Chinese Chips Amid that Nation's AI Boom
Zhipu AI CEO Zhang Peng said his firm is accelerating use of domestic chips to meet a rapid rise in computing demand since February.
Parent Geely CEO Urges Volvo Cars to Get More Aggressive in Leveraging Global Partnerships
Geely Holding Chairman Li Shufu pressed its Volvo Cars subsidiary to deepen cooperation with sister brands Polestar and Geely Autos to boost R&D capabilities in ...
Amazon, Delta Team Up to Challenge Starlink for In-Flight Wi-Fi Business
Amazon's Leo internet unit is getting aggressive in launching satellites and signed a deal with Delta Air Lines to provide in-flight Wi-Fi on 500 of ...
Toyota Joins Volvo, Daimler Truck in Hydrogen Fuel Cell Venture
The carmakers aim to make hydrogen fuel cells a non-polluting and energy-efficient alternative to internal-combustion engines for heavy-duty trucks for which unit cost is less ...
Korean Air to Shift to Emergency Mode in April Amid Oil Shock
An internal memo says Korean Air will follow T'way Ai and Asiana into emergency management mode to cope with the oil price rise triggered by ...
Oil Falls 1% on Report Trump Open to Ending Campaign Without Hormuz Reopening
Brent crude futures for May slipped $1.22 to $111.56 per barrel Trump's statements to aides reversing Monday's threat to "obliterate" Iran's oil infrastructure.
China's Manufacturing Growth Hits 1-year High Despite Mideast Conflict
China's March factory activity grew at the fastest pace in a year on improving demand despite global supply chain strains and oil price market volatility.
Samsung SDI to Lend $1.05 Bil. to Stellantis JV StarPlus Energy
South Korea's EV battery giant plans to lend 1.6 trillion won ($1.05 billion) to StarPlus Energy, its battery joint venture with Stellantis.
China Southern Returned to Profit in 2025, Ending 5 Years of Losses
China Southern, one of China's Big 3 state-owned carriers, reported Monday a net profit of 857 million yuan ($124.01 million) in 2025 for its first ...
BYD Expects to Hit 1.5 million Overseas Car Sales in 2026
China top carmaker is "highly confident" of reaching its 2026 overseas sales target of 1.5 million vehicles or even higher.
US Airlines Face Fuel-Driven Shakeout
High fuel costs and flight cuts are likely to drive weaker carriers to sell routes, assets or equity at a discount to their stronger rivals.
South Korea AI Chip Startup Rebellions Raises $400 Million in Latest Funding Round
The $400 million raised in its latest funding round values the company at $2.34 billion as it accelerates expansion into the US.
Microsoft Unveils AI upgrades, Rolls out Copilot Cowork to Early-Access Users
In a major push to upgrade AI offerings the software giant improved its Copilot research assistant to utilize multiple AI models simultaneously within the same ...
India Signals Acceptance of E-commerce Tariff Moratorium but Balks at US Push for Permanent Extension
India drops opposition to extending a global agreement not to impose tariffs on electronic transmissions like digital downloads but remains opposed to a US push ...
Sony to Hike PlayStation 5 Prices Again on Surge in Memory Chip Costs
Sony Group is raising its US console price by $100 in its second hike in less than a year as scarce memory chips drive up ...
BYD Posts First Annual Profit Decline in Over 4 Years
China's biggest electric vehicle maker was hurt by weak sales in its home market amid fierce EV competition.
SoftBank Secures $40 Billion Loan for More OpenAI Investments
Masayoshi Son's SoftBank Group will use the bridge loan to bolster its OpenAI investments as it continues to go all-in on the AI boom.
Huawei's AI Chip Earns Credibility with ByteDance, Alibaba Orders
The new 950PR chip challenge Nvidia in the China market as tech giants ByteDance and Alibaba plan to use it for their data center buildouts.
China's Top Chipmaker Supplied Chipmaking Tech to Iran Military, Says US
SMIC sent chipmaking tools to Iran's military, according to two senior Trump administration officials, raising questions about Beijing's stance in the month-old U.S.-Israeli conflict with ...
Oil Prices Head for Steepest Weekly Fall in 6 Months
Talk of a possible peace negotiations put oil prices on track Friday for an average of 1% drop for the week.
China's Industrial Profits Jumped in First Two Months
A 15.2% jump during the first two months was a far cry from the 0.6% growth throughout all of 2025, suggesting that China was emerging ...
Despite Volatility Korean Day Traders Keep Buying KOSPI After Its Recent Doubling
KOSPI's doubling in value during the six months preceding February 27 gives day traders reason to stick with it through recent turbulence.
Asia's Manufacturers Hit Hardest by Mideast Conflict
S. Korea, Japan, China and India are feeling the pain of crimped petroleum-based supply chains in everything from toys to cosmetics to food and beverages.
US Job Market Remains in Low-Hire, Low-Fire Mode
Initial jobless claims rose modestly to 210,000 for the week ended March 21, in line with economist forecasts.
Geely Seeks Tieups with Mercedes-Benz, Ford to Double Europe Footprint by 2027
China's number two carmaker aims to join the global top five by 2030 with total sales of over 6.5 million cars, of which a third ...
Pony.ai to Double Global Robotaxi Fleet As Fare Revenues Jump Sixfold
The firm logged its first-ever quarterly profits and is seen as a leader in the global robotaxi race which is increasingly favoring Chinese firms like ...
Plastics Prices Soar on Loss of Mideast Petrochemical Shipments
Japan, S. Korea and India are among the Asian nations hit hardest by the loss of up to 50% of polyethylene and naphtha supplies.
Meta Begins Laying Off Up to 20% of Workforce to Focus on AI
This week's job cuts are to the Reality Labs division, social media teams and recruiting operations.
Helium Shipment Disruption Begins Impacting Chip Production
A third of the gas used in various stages of chipmaking comes from Qatar and has been unable to pass the Strait of Hormuz.
Import Prices Surged Most in 4 Years Even Before Oil Surge
Import prices jumped 1.3% on month in February after a 0.6% surge in January even before the actual Iran conflict caused oil prices to surge ...
SpaceX to File IPO Prospectus This Week
Elon Musk's satellite communications and space-launch firm will seek to raise about $75 billion in what is expected to be the biggest IPO in history.
US CFOs Had Projected Solid 2026 Growth Until Iran Happened
Despite anticipated price increases due to tariffs, most surveyed chief financial officers had expected revenues and hiring growth.
Sony Honda Mobility Scraps Afeela EV, Prospective Buyers to Get Refunds
Honda's $15.7 billion pullback from EV plans is the latest legacy firm to feel the impact of Trump's rollback of EV tax credits.
China's Chipmaking Capacity Strained by Accelerating AI Boom
Faster than expected demand growth is forcing China's chipmakers to invest heavily in rapid capacity expansion, straining supply chains.
SK Hynix Files for US Listing to Raise Up to $14 Billion
The South Korean chipmaker plans to use funds from the sale of up to 3% of its share to help finance new memory chip factories ...
Japan's Cherry Blossom Picnics Pinched by 25% Food Inflation Since 2020
The annual cultural event for most Japanese involve tarps, lunch boxes, sweet red bean buns and drinks—all of which are far more costly due to ...
SK Hynix Places Record $8 Billion Order for ASML EUV Lithography Tools
The latest order from the Korean chipmaker adds to Dutch firm ASML's $38 billion worth of backlogged orders as of end of 2025.
TSMC Capacity a Major Bottleneck for AI Buildout Says Broadcom
In addition to chipmaking capacity, the AI boom is coming up against bottlenecks in lasers, printed circuit boards and PCB used in optical transceivers which ...
Zoox to Expand Robotaxi Service into San Francisco and Las Vegas
Amazon's self-driving unit looks to close the gap with Waymo by starting up in Austin and Miami with rides for employees, their families and friends ...
NYSE Partners with Securitize to Develop Tokenized Securities Platform
NYSE-affiliated Digital Trading Platform will allow Securitize to serve as the world's first digital transfer agent to create blockchain-based securities for corporate and exchange-traded funds.
S. Korea Calls for Nationwide Campaign to Conserve Fuel
For now the curbs on driving would be voluntary but could become mandatory on sustained shortfalls in oil shipments.
Vietnam Airlines Cancels Flights Due to Jet Fuel Shortage
Flight cancellations are likely to spread across southeast Asia if the Iran conflict continues to prevent oil shipments through the Strait of Hormuz.
Alibaba's 5-nm Agentic AI Chip Unveiled As World's Most Powerful RISC-VCPU
The new 3.2 GHz XuanTie C950 server chip, which is three times faster than its predecessor, the XuanTie C920, was made at an undisclosed fab.
Demand Builds for Affordable Chinese EVs Among American Carbuyers
US consumers are drawn to the low prices and wealth of features offered by EVs from Geely, BYD, Xiaomi and others but are stymied by ...
OpenAI Bumps Up Minimum Return to 17.5% in Competition with Anthropic for Private Equity
The competition for fresh capital heats up as top AI firms rush to create and meet demand for enterprise AI products.
Alphabet's Wing to Begin Drone Deliveries in San Francisco Bay Area
Wing promises to deliver groceries and other household items within 30 minutes.
SpaceX, Tesla to Build AI Chip Factories in Austin
Terafab will be two separate fabs, one making chips for humanoid robots and robotaxis and the other for space-based AI data centers.
Brent Crude Headed to Record Monthly Gain
Trump's Iran adventure boosted US West Texas Intermediate futures 54% this month while front-month Brent futures set an all-time record monthly gain of 58%.
Selloff of Contract Medical Research Firms Overestimates AI Impact
Shares of contract research organizations are falling on fears that AI may let drugmakers to take clinical trial work in-house but experts don't see a ...
Huawei 2025 Revenue Growth Barely a Tenth of 2024
China's leading smartphone maker reported feeble 2.2% growth in 2025 revenues as it continues to suffer from a 2020 US block on access to advanced ...
Zhipu Accelerates Pivot to Chinese Chips Amid that Nation's AI Boom
Zhipu AI CEO Zhang Peng said his firm is accelerating use of domestic chips to meet a rapid rise in computing demand since February.
Parent Geely CEO Urges Volvo Cars to Get More Aggressive in Leveraging Global Partnerships
Geely Holding Chairman Li Shufu pressed its Volvo Cars subsidiary to deepen cooperation with sister brands Polestar and Geely Autos to boost R&D capabilities in ...
Amazon, Delta Team Up to Challenge Starlink for In-Flight Wi-Fi Business
Amazon's Leo internet unit is getting aggressive in launching satellites and signed a deal with Delta Air Lines to provide in-flight Wi-Fi on 500 of ...
Toyota Joins Volvo, Daimler Truck in Hydrogen Fuel Cell Venture
The carmakers aim to make hydrogen fuel cells a non-polluting and energy-efficient alternative to internal-combustion engines for heavy-duty trucks for which unit cost is less ...
Korean Air to Shift to Emergency Mode in April Amid Oil Shock
An internal memo says Korean Air will follow T'way Ai and Asiana into emergency management mode to cope with the oil price rise triggered by ...
Oil Falls 1% on Report Trump Open to Ending Campaign Without Hormuz Reopening
Brent crude futures for May slipped $1.22 to $111.56 per barrel Trump's statements to aides reversing Monday's threat to "obliterate" Iran's oil infrastructure.
China's Manufacturing Growth Hits 1-year High Despite Mideast Conflict
China's March factory activity grew at the fastest pace in a year on improving demand despite global supply chain strains and oil price market volatility.
Samsung SDI to Lend $1.05 Bil. to Stellantis JV StarPlus Energy
South Korea's EV battery giant plans to lend 1.6 trillion won ($1.05 billion) to StarPlus Energy, its battery joint venture with Stellantis.
China Southern Returned to Profit in 2025, Ending 5 Years of Losses
China Southern, one of China's Big 3 state-owned carriers, reported Monday a net profit of 857 million yuan ($124.01 million) in 2025 for its first ...
BYD Expects to Hit 1.5 million Overseas Car Sales in 2026
China top carmaker is "highly confident" of reaching its 2026 overseas sales target of 1.5 million vehicles or even higher.
US Airlines Face Fuel-Driven Shakeout
High fuel costs and flight cuts are likely to drive weaker carriers to sell routes, assets or equity at a discount to their stronger rivals.
South Korea AI Chip Startup Rebellions Raises $400 Million in Latest Funding Round
The $400 million raised in its latest funding round values the company at $2.34 billion as it accelerates expansion into the US.
Microsoft Unveils AI upgrades, Rolls out Copilot Cowork to Early-Access Users
In a major push to upgrade AI offerings the software giant improved its Copilot research assistant to utilize multiple AI models simultaneously within the same ...
India Signals Acceptance of E-commerce Tariff Moratorium but Balks at US Push for Permanent Extension
India drops opposition to extending a global agreement not to impose tariffs on electronic transmissions like digital downloads but remains opposed to a US push ...
Sony to Hike PlayStation 5 Prices Again on Surge in Memory Chip Costs
Sony Group is raising its US console price by $100 in its second hike in less than a year as scarce memory chips drive up ...
BYD Posts First Annual Profit Decline in Over 4 Years
China's biggest electric vehicle maker was hurt by weak sales in its home market amid fierce EV competition.
SoftBank Secures $40 Billion Loan for More OpenAI Investments
Masayoshi Son's SoftBank Group will use the bridge loan to bolster its OpenAI investments as it continues to go all-in on the AI boom.
Huawei's AI Chip Earns Credibility with ByteDance, Alibaba Orders
The new 950PR chip challenge Nvidia in the China market as tech giants ByteDance and Alibaba plan to use it for their data center buildouts.
China's Top Chipmaker Supplied Chipmaking Tech to Iran Military, Says US
SMIC sent chipmaking tools to Iran's military, according to two senior Trump administration officials, raising questions about Beijing's stance in the month-old U.S.-Israeli conflict with ...
Oil Prices Head for Steepest Weekly Fall in 6 Months
Talk of a possible peace negotiations put oil prices on track Friday for an average of 1% drop for the week.
China's Industrial Profits Jumped in First Two Months
A 15.2% jump during the first two months was a far cry from the 0.6% growth throughout all of 2025, suggesting that China was emerging ...
Despite Volatility Korean Day Traders Keep Buying KOSPI After Its Recent Doubling
KOSPI's doubling in value during the six months preceding February 27 gives day traders reason to stick with it through recent turbulence.
Asia's Manufacturers Hit Hardest by Mideast Conflict
S. Korea, Japan, China and India are feeling the pain of crimped petroleum-based supply chains in everything from toys to cosmetics to food and beverages.
US Job Market Remains in Low-Hire, Low-Fire Mode
Initial jobless claims rose modestly to 210,000 for the week ended March 21, in line with economist forecasts.
Geely Seeks Tieups with Mercedes-Benz, Ford to Double Europe Footprint by 2027
China's number two carmaker aims to join the global top five by 2030 with total sales of over 6.5 million cars, of which a third ...
Pony.ai to Double Global Robotaxi Fleet As Fare Revenues Jump Sixfold
The firm logged its first-ever quarterly profits and is seen as a leader in the global robotaxi race which is increasingly favoring Chinese firms like ...
Plastics Prices Soar on Loss of Mideast Petrochemical Shipments
Japan, S. Korea and India are among the Asian nations hit hardest by the loss of up to 50% of polyethylene and naphtha supplies.
Meta Begins Laying Off Up to 20% of Workforce to Focus on AI
This week's job cuts are to the Reality Labs division, social media teams and recruiting operations.
Helium Shipment Disruption Begins Impacting Chip Production
A third of the gas used in various stages of chipmaking comes from Qatar and has been unable to pass the Strait of Hormuz.
Import Prices Surged Most in 4 Years Even Before Oil Surge
Import prices jumped 1.3% on month in February after a 0.6% surge in January even before the actual Iran conflict caused oil prices to surge ...
SpaceX to File IPO Prospectus This Week
Elon Musk's satellite communications and space-launch firm will seek to raise about $75 billion in what is expected to be the biggest IPO in history.
US CFOs Had Projected Solid 2026 Growth Until Iran Happened
Despite anticipated price increases due to tariffs, most surveyed chief financial officers had expected revenues and hiring growth.
Sony Honda Mobility Scraps Afeela EV, Prospective Buyers to Get Refunds
Honda's $15.7 billion pullback from EV plans is the latest legacy firm to feel the impact of Trump's rollback of EV tax credits.
China's Chipmaking Capacity Strained by Accelerating AI Boom
Faster than expected demand growth is forcing China's chipmakers to invest heavily in rapid capacity expansion, straining supply chains.
SK Hynix Files for US Listing to Raise Up to $14 Billion
The South Korean chipmaker plans to use funds from the sale of up to 3% of its share to help finance new memory chip factories ...
Japan's Cherry Blossom Picnics Pinched by 25% Food Inflation Since 2020
The annual cultural event for most Japanese involve tarps, lunch boxes, sweet red bean buns and drinks—all of which are far more costly due to ...
SK Hynix Places Record $8 Billion Order for ASML EUV Lithography Tools
The latest order from the Korean chipmaker adds to Dutch firm ASML's $38 billion worth of backlogged orders as of end of 2025.
TSMC Capacity a Major Bottleneck for AI Buildout Says Broadcom
In addition to chipmaking capacity, the AI boom is coming up against bottlenecks in lasers, printed circuit boards and PCB used in optical transceivers which ...
Zoox to Expand Robotaxi Service into San Francisco and Las Vegas
Amazon's self-driving unit looks to close the gap with Waymo by starting up in Austin and Miami with rides for employees, their families and friends ...
NYSE Partners with Securitize to Develop Tokenized Securities Platform
NYSE-affiliated Digital Trading Platform will allow Securitize to serve as the world's first digital transfer agent to create blockchain-based securities for corporate and exchange-traded funds.
S. Korea Calls for Nationwide Campaign to Conserve Fuel
For now the curbs on driving would be voluntary but could become mandatory on sustained shortfalls in oil shipments.
Vietnam Airlines Cancels Flights Due to Jet Fuel Shortage
Flight cancellations are likely to spread across southeast Asia if the Iran conflict continues to prevent oil shipments through the Strait of Hormuz.
Alibaba's 5-nm Agentic AI Chip Unveiled As World's Most Powerful RISC-VCPU
The new 3.2 GHz XuanTie C950 server chip, which is three times faster than its predecessor, the XuanTie C920, was made at an undisclosed fab.
Demand Builds for Affordable Chinese EVs Among American Carbuyers
US consumers are drawn to the low prices and wealth of features offered by EVs from Geely, BYD, Xiaomi and others but are stymied by ...
OpenAI Bumps Up Minimum Return to 17.5% in Competition with Anthropic for Private Equity
The competition for fresh capital heats up as top AI firms rush to create and meet demand for enterprise AI products.
Alphabet's Wing to Begin Drone Deliveries in San Francisco Bay Area
Wing promises to deliver groceries and other household items within 30 minutes.
SpaceX, Tesla to Build AI Chip Factories in Austin
Terafab will be two separate fabs, one making chips for humanoid robots and robotaxis and the other for space-based AI data centers.
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