The Latest Breaking News from China

Baidu (NASDAQ:BIDU) and Alibaba Group (NYSE:BABA) led China’s public cloud services for artificial intelligence in 2024, each capturing roughly 25% of a market that expanded 55% to 19.6 billion yuan ($2.7 billion), IDC reported Monday.

Today on Critical Materials: China is spending big on EVs abroad, ex-Tesla employees build a new charging startup and Waymo's former CEO throws shade.

The leading global miner BHP Group (NYSE:BHP) posted its weakest annual result in five years, showing the pressure from lower iron ore prices and China’s softer steel demand. The firm reported underlying attributable profit of $10.16 billion, marking a 26% drop from the prior year.

COMMENT: As his health deteriorates in a Hong Kong jail, the businessman’s detention is now a test of Keir Starmer’s seriousness about human rights – and the government’s willingness to defend its citizens and values abroad, says Jodie Ginsberg

While the hardware behind China’s Unitree Robotics R1 is impressive, the software is still finding its feet

September S&P 500 E-Mini futures (ESU25) are down -0.09%, and September Nasdaq 100 E-Mini futures (NQU25) are down -0.08% this morning as earnings from the nation’s retail heavyweights kicked off, shifting the focus to the strength of the American consumer.

The extended-wheelbase Model Y can accommodate six occupants, each getting an individual seat and additional toys, with a price equivalent to $47,200.

China accuses the UK and Australia, which also granted asylum to an activist last week, of ‘interfering’

The Albanese government has confirmed it is seeking confirmation whether Nauru's deal with a Chinese corporation has breached a security treaty with Australia.