BUSINESS

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 Sees 3.1% Growth In Second Quarter

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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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.
The bank recorded a $2.1 billion impairment linked to its stake in China's Bank of Communications

HSBC Banks Lower Profits On Higher Costs

Bank giant HSBC said Wednesday that group profits fell in the first half on higher costs but noted that it was "well positioned" to deal with the effects of US tariffs.
Stablecoin excitement has gripped Hong Kong as the city prepares to launch a licensing system for the less volatile type of cryptocurrency

Stablecoins Inspire Hope, And Hype, In Hong Kong

Stablecoin excitement has gripped Hong Kong as the city prepares to launch a licensing system for the less volatile type of cryptocurrency, but authorities warn against overplaying its future role in financial systems.
The Federal Reserve is expected to hold interest rates steady for a fifth straight meeting despite President Donald Trump's pressure to cut levels

US Fed Set To Hold Firm Against Trump Pressure

The US central bank is expected to defy political pressure and keep interest rates unchanged Wednesday at the end of a two-day policy meeting, as the effects of President Donald Trump's tariffs emerge.
A stevedore in Guayaquil, Ecuador loads a sack of cocoa into a container for export

Five Products To Be Hit By Trump's Incoming Tariffs

The United States is set to raise tariffs on dozens of trading partners Friday if they fail to reach accords with President Donald Trump to avert the higher rates, and this risks raising prices for consumers.
This NASA image obtained on July 29, 2025 shows part of the NASA-ISRO Synthetic Aperture Radar (NISAR) satellite, which was designed to track subtle changes in Earth's land and ice surfaces

US, India To Launch Powerful Earth-monitoring Satellite

A formidable new radar satellite jointly developed by the United States and India is set to launch Wednesday, designed to track subtle changes in Earth's land and ice surfaces and help predict both natural and human-caused hazards.
Australia's Communications Minister Anika Wells said four-in-ten Australian children have reported viewing harmful content on YouTube, one of the most visited websites in the world

Australia To Ban Under-16s From YouTube

Australia will use landmark social media laws to ban children under 16 from video-streaming site YouTube, a top minister said Wednesday stressing the need to shield them from "predatory algorithms".

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