Wall Street had a rough start to the week on concern that a cheaper artificial intelligence-model from China could threaten the dominance of US technology, spurring a sell-off in stocks and a flight to haven assets. From New York to London and Tokyo, equities got hammered, with the S&P 500 dropping 1.9 per cent and … Read more
A timely launch for Rocket Lab. A dedicated flight of Rocket Lab’s Electron launcher will soon deploy eight small spacecraft for a German company building a constellation of wildfire monitoring satellites. Rocket Lab announced the deal Wednesday, saying the mission will launch from the company’s spaceport in New Zealand. The eight satellites are owned by the … Read more
Republicans in the US Congress introduced legislation on Thursday to repeal China’s preferential trade status that it has held for over two decades, garnering a Democratic co-sponsor for the first time. China’s permanent normal trade relations (PNTR) status is a legal designation in the US for free trade with a foreign state, and was conferred … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Xi Jinping might be able to muzzle Chinese economists, but the message of the bond market is harder to silence. And right now it’s howling that China is sliding towards a Japanese-style deflationary spiral. The … Read more
Stay informed with free updates Simply sign up to the Chinese business & finance myFT Digest — delivered directly to your inbox. Guangzhou FC, once China’s leading professional football club and a symbol of the country’s aspirations in the sport, has been dropped from the national league after a drawn-out saga related to the collapse … Read more