Business

Business openings, closings, and local economic news.

Hong Kong’s malls must evolve into green sanctuaries to stay relevant

Retail is making a comeback in Hong Kong. Deloitte China reported an encouraging HK$203 billion (US$25.9 billion) in sales volume in the first half of 2026, beating expectations. Accordingly, they forecast the retail market to reach HK$412 billion by the end of this year. A retail revival should...

Marcus Chen

Advertisement · Why this ad?

NewBusiness

Australia jails Singaporean tourist for fatally driving over man who stole backpack

A 29-year-old Singaporean man was sentenced to five years and nine months’ jail in Australia on Monday after he killed a man who stole a backpack from his rental car. Lincoln Ng Jing Kai chased the man in a car and knocked him off his e-bike before driving over him. He was originally charged with...

Read story →

Palantir Technologies office in New York City

NewBusiness

Here’s why Palantir’s stock is down despite a ‘bombastic’ quarter

On a brisk autumn afternoon in New York City, the financial district buzzed with the usual energy of traders and analysts. However, amidst the hustle, the mood shifted when Palantir Technologies released its quarterly earnings report. The company, known for its data analytics software and...

Read story →

A bustling NYC street with people using their iPhones.

NewBusiness

Apple’s iPhone business is booming. Here’s why the stock is falling anyway.

In the heart of New York City, the bustling streets are filled with the unmistakable sight of people glued to their iPhones. From Wall Street brokers to students in coffee shops, the demand for Apple's flagship product remains palpable. However, despite this strong consumer interest, Apple Inc....

Read story →

Diplomatic talks between US, Russia, and Ukraine in Abu Dhabi

NewBusiness

US to hold first talks with Russia and Ukraine since February

In a historic moment for diplomacy, officials from the United States, Russia, and Ukraine are set to convene in Abu Dhabi next week for their first talks since February. This meeting, which comes amidst ongoing tensions and conflict in the region, signifies a potential thaw in relations and a...

Read story →

Business

North Korea’s low-cost drone push exposes South Korea’s red tape trap

North Korea is rapidly advancing its drone warfare capabilities by drawing lessons from the Russia-Ukraine war, even as South Korea’s efforts to keep pace remain bogged down by procurement delays and bureaucratic red tape, observers warn. They also caution that cryptocurrency theft has become a...

Read story →

Business

As sales slow, carmakers in China turn to overt marketing tactics and face controversy

Chinese carmakers’ marketing tactics are under the spotlight after a controversy surrounding a comment by an Xpeng employee drew harsh criticism from middle-aged consumers. The incident comes as regulators step up quality checks on the reliability of automotive companies, according to industry...

Read story →

Business

Sister of North Korea’s Kim slams FBI’s Binance hack allegations as ‘grave’ provocation

North Korea on Tuesday slammed the FBI’s allegations that Pyongyang was behind the theft of US$6 billion from cryptocurrency platform Binance, with Kim Jong-un’s powerful sister labelling it a “grave political provocation”. Kim Yo-jong, in a statement released on Tuesday by the KCNA state news...

Read story →

Investors reacting to merger news on trading floor

Business

Marvell and Lumentum shareholders unite in panning merger deal: ‘It’s a trash offer’

On a chilly Monday morning in New York City, investors gathered around their screens, only to be met with disheartening news: Marvell Technology's all-stock agreement to acquire Lumentum Holdings was met with fierce backlash from shareholders of both companies. As the trading day unfolded, shares...

Read story →

Wall Street financial district bustling with activity

Business

Wall Street’s most hated stocks are faring far better than its favorites

On a brisk autumn morning in New York City, the financial district pulses with energy as traders bustle about, their faces a mix of determination and concern. Among them, a group of analysts gathers at a café, discussing the stark contrasts in the stock market landscape. What once seemed like a...

Read story →

Traders on Wall Street analyzing stock market trends

Business

The stock market has gone nowhere for the past 5 months. It’s now looking like a bargain.

As the sun dipped below the Manhattan skyline, Wall Street traders were left pondering a stark reality: the S&P 500 has been stagnant for the past five months. The bustling trading floors, once filled with excitement over soaring stock prices, now echo with uncertainty. Yet, amidst this stillness,...

Read story →

Business

Lindsay Clancy back in court in bid to dismiss charges she killed her 3 young children

Lindsay Clancy returned to court on Monday in a bid to dismiss the charges that she murdered her three young children. The hearing on Monday was the second time the Massachusetts mother has been in court since her trial ended with a deadlocked jury in September after jurors were unable to agree on...

Read story →

New York City skyline at sunset during midterm elections

Business

Key races that will decide the US midterm elections

As the sun sets over New York City, the skyline glows with the promise of change, a stark reminder of the power that each election holds. In the bustling streets, conversations swirl around the upcoming midterm elections, where the stakes are high and the outcomes uncertain. On November 8, 2022,...

Read story →