An Old Economy Sector Poised for Breakout
Investors typically associate the AI growth trade with semiconductors, hyperscalers, and software. However, another group has been participating in this growth
Business
China's AI Boom Set to Lift Market
China's economy is shifting towards tech industries, with artificial intelligence at the forefront. The trend is similar to other countries. Evelyn Cheng report
Lawmakers Target Private Equity's Grip on Defense Industry
Democratic lawmakers introduced legislation on Wednesday to scrutinize private equity's growing influence over the US defense industry. The bill aims to examine
US Unveils Strategy to Break Mineral Supply Chain Stranglehold
The United States is struggling to diversify its supply chains for critical minerals, essential for the global economy. President Donald Trump's meeting with Ch
Trump Relaunches Tariff War Over "Forced Labour" Concerns
The US is poised to escalate a trade war with China and other nations as Donald Trump reimposes tariffs citing „forced labour„worries. Trade analysts warn that
US Business Owners Cash Out to Staff as Retirement Looms
Around six million US business owners are expected to retire by 2035, sparking a wave of sales to employees. Many owners are choosing to sell their companies to
New York Law Could Block 3D Printers from Making Guns
New York lawmakers have passed a first-of-its-kind law that could stop 3D printers from producing firearms in homes and businesses. The law targets undetectable
Paramount-Warner Bros Deal Gets Justice Department Nod
The US Justice Department has given its approval to Paramount's $111 billion acquisition of Warner Bros., a significant step in the mega-deal. The clearance com
Tech Markets Plunge as KOSPI Crashes
South Korea's KOSPI index plummeted 8.3% on June 8, triggering circuit breakers. The index had lost 15% of its value in just six days. Samsung and SK Hynix led
US Justice Department Approves Paramount and Warner Bros Discovery Merger
The US Justice Department has given the green light to the massive $111 billion merger between Paramount and Warner Bros Discovery. The deal, which was announce
ENN Mulls Dropping $12 Billion Energy Unit Buyout
ENN Energy Holdings Ltd.'s largest shareholder is considering abandoning a $12 billion buyout deal of its energy unit. The potential withdrawal has significant
UK Economy Contracts as Iran Conflict Hits Growth
The UK economy shrank by 0.1% in April, according to latest figures, as the conflict between Iran and other nations weighed on growth. This decline was driven b