Month: June 2025
It’s not just AI — China’s quickly gaining an edge over the U.S. in biotech
Two graduate students research chemical products in a laboratory in Xiwangzhuang Town, Zaozhuang City, Shandong province of China, on Dec. 26, 2023. Nurphoto | Nurphoto | Getty Images BEIJING — For all the attention on U.S.-China competition in artificial intelligence, new studies point to China’s rapid rise in biotechnology, especially for drug and agricultural development. […]
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Like it or not, NATO’s hitting a 5% defense spending target, U.S. says
U.S. Secretary of Defence Pete Hegseth attends the meeting of North Atlantic Council defence ministers during the NATO defence ministers’ meeting at the NATO headquarters on June 05, 2025 in Brussels, Belgium. Omar Havana | Getty Images News | Getty Images A higher defense spending target for NATO members is looking likely, as the alliance […]
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Nintendo Switch 2 hype leads to shortages, special store opening hours
People wait outside the Nintendo Store for the release of the Nintendo Switch 2 in New York City, U.S., June 4, 2025. Kylie Cooper | Reuters Nintendo‘s flagship Switch 2, the successor to one of its most popular consoles, went on sale on Thursday with excitement and hype from fans leading to special store opening […]
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Stock futures are little changed after Dow snaps four-day winning run: Live updates
Traders work at the New York Stock Exchange on June 4, 2025. NYSE Stock futures were little changed Thursday after the Dow Jones Industrial Average snapped a four-day win streak. Futures tied to the Dow edged 58 points higher, or 0.1%. S&P 500 futures gained 0.1% along with Nasdaq-100 futures. The Dow slid 0.22% on […]
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What Germany’s Merz wants to tackle in Trump meeting
The flags of the U.S. and Germany are on the table at a bilateral meeting between German Economics Minister Habeck and U.S. Secretary of State Blinken at a hotel on the Gendarmenmarkt. Photo: Christoph Soeder/dpa (Photo by Christoph Soeder/picture alliance via Getty Images) Christoph Soeder/dpa | Picture Alliance | Getty Images German Chancellor Friedrich Merz […]
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Serena Williams says winning the Australian Open while pregnant was her most important career moment: ‘I don’t know how I did that’
Serena Williams of the US hits a return against Venus Williams of the US during the women’s singles final on day 13 of the Australian Open tennis tournament in Melbourne on January 28, 2017. Greg Wood | Afp | Getty Images BERLIN — It was an impressive enough sporting feat when Serena Williams won a […]
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UK April inflation overstated because of car tax error, UK statistics agency says
Shoppers and visitors out on Oxford Street on 4th May 2025 in London, United Kingdom. Mike Kemp | In Pictures | Getty Images A car tax data calculation error caused the U.K.’s inflation rate to be overstated by 0.1 percentage points for the year to April, the Office for National Statistics (ONS) said on Thursday. […]
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Involution or evolution? China wants to stop the EV price war, but analysts are doubtful
A worker checks a finished vehicle on the production line for electric vehicle maker Zeekr at its factory on May 29, 2025 in Ningbo, China. Kevin Frayer | Getty Images News | Getty Images BEIJING — As China’s electric vehicle price war intensifies, its top leaders have sounded the alarm with high-profile calls to halt […]
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Treasury yields steady after sharp Wednesday declines on weak data
U.S. Treasury yields stabilized on Thursday after sharp declines notched Wednesday on the back of a slate of disappointing U.S. data. The 2-year yield rose less than 1 basis point to 3.885% at 3:26 a.m. EST, with the 10-year Treasury yield also up by less than 1 basis point at 4.371%. The 30-year long bond yield held steady […]
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Citi plans to slash 3,500 tech roles in China as global banks cut costs
HONG KONG, CHINA – 2024/06/07: Pedestrians walk past the American multinational investment bank, Citibank or Citi, branch in Hong Kong. Sebastian Ng | Lightrocket | Getty Images Citigroup said Thursday it plans to cut around 3,500 technology positions in China, in the latest move by a major U.S. bank aimed at streamlining global operations and […]
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