BUSINESS

Hong Kong Sees 3.1% Growth In Second Quarter

People pass an electronic sign showing the price of the Hang Seng Index at Exchange Square in Hong Kong on April 10, 2025
Hong Kong's economy grew by 3.1 percent in the second quarter, according to government estimates released Thursday, beating expectations, with strong exports buoyed by businesses racing to take advantage of US tariff easing.
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Nvidia is a world-leading producer of AI semiconductors, but the United States effectively restricts which chips it can export to China on national security grounds

China Summons Chip Giant Nvidia Over Alleged Security Risks

Chinese internet authorities summoned Nvidia on Thursday to discuss "serious security issues" over some of its artificial intelligence (AI) chips, as the US technology giant finds itself entangled in trade tensions between Beijing and Washington.
Laos is set to graduate from 'Least Developed Country' status next year, meaning will lose duty-free access to the European Union, dealing another blow

Laos Braced For Blow Of Trump Tariff Threat

Hawking clothes outside the garment factory where her daughter toils inside, a Laos vendor weighs US President Donald Trump's threat of trade tariffs that may soon snarl both their livelihoods.
Social media giant Meta posted a net profit of $18.3 billion in the second quarter, exceeding Wall Street expectations

Meta Beats Expectations Sending Share Price Soaring

Meta reported robust second-quarter financial results Wednesday, with revenue jumping 22 percent year-over-year to $47.5 billion as the social media giant continues investing heavily in artificial intelligence.
Citing "persistent engine supply issues" for its popular A320 jets, Airbus said 306 planes had been delivered overall in the first half, down from 323 in the first half of 2024

Airbus First-half Profit Climbs 85% To $1.7 Bn

European aerospace group Airbus posted an 85-percent rise in first-half profit Wednesday to $1.7 billion, even though it delivered fewer commercial planes compared with the same period last year.
Truck and car maker Tata Motors will buy Iveco of Italy

Tata Motors To Buy Italy's Iveco For $4.4 Bn

Tata Motors of India will buy Italy's Iveco Group for 3.8 billion euros ($4.4 billion) in a bid to create a "global champion" in the commercial vehicles sector, the two companies said Wednesday.

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