China
Germany tells Apple, Google to block DeepSeek as the Chinese AI app faces rising pressure in Europe
In this photo illustration, the DeepSeek logo is seen displayed on a smartphone screen and in the background, the flag of the European Union. Thomas Fuller | Sopa Images | Lightrocket | Getty Images One of Germany’s data protection watchdogs on Friday said DeepSeek’s app illegally sends user data to China and asked Google and […]
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More Southeast Asians are flocking to China’s Chongqing city. Social media hype is a big reason
Chongqing, China. Jackyenjoyphotography | Moment | Getty Images A new trend is driving Southeast Asian tourists to China’s Chongqing city — viral social media clips of monorails running through a residential building, buildings perched atop hilly terrain, and a pedestrian bridge on the 13th floor. Flight bookings from Southeast Asia to Chongqing increased more than […]
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Nike will report earnings after the bell. Here’s what Wall Street expects
A shopper walks past a Nike store, as global markets brace for a hit to trade and growth caused by U.S. President Donald Trump’s decision to impose import tariffs on dozens of countries, in the King of Prussia Mall in King of Prussia, Pennsylvania, U.S., April 3, 2025. Rachel Wisniewski | Reuters Nike is expected […]
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How the stock market made it back to a new record — even with so much still to worry about
Traders work on the floor at the New York Stock Exchange on June 23, 2025. Brendan McDermid | Reuters An aggressive trade war, Middle East escalation and AI competitions overseas — None of 2025’s big curveballs managed to spoil the market’s epic comeback from the year’s lows as stocks stand within reach of a new […]
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China’s fintech giant Ant doubles down on health care with new AI app — and it wants it to go global
Key Points Alibaba-affiliate Ant Group is doubling down on health care with a new app, based on artificial intelligence tech that it says could be rolled out overseas. In a telling sign of global aspirations, the new health care app launched on Thursday has a straightforward English name — AQ — which the company says […]
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China urges Beijing-backed development bank to focus more on Belt and Road Initiative
Chinese Premier Li Qiang spoke at the opening ceremony of the ASEAN-China-GCC Economic Forum in Kuala Lumpur, Malaysia, on May 27, 2025. Sopa Images | Lightrocket | Getty Images BEIJING — Chinese Premier Li Qiang on Thursday urged the Asian Infrastructure Investment Bank to increase its support for Beijing’s Belt and Road Initiative. “I hope […]
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Nvidia shares head for record close as Wall Street shrugs off China concerns
Jensen Huang, CEO of Nvidia, holds a motherboard as he speaks during the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris, France, June 11, 2025. Gonzalo Fuentes | Reuters Nvidia shares rose nearly 3% on Wednesday and headed for a record close for the first time since […]
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CNBC’s The China Connection newsletter: Whispers of a new world order in Tianjin
The 2025 Summer Davos forum will be held from June 24 to 26 in Tianjin and is expected to bring together around 1,800 participants from over 90 countries and regions. China News Service | China News Service | Getty Images This report is from CNBC’s The China Connection newsletter, which brings you insights and analysis […]
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China doubles down on promoting yuan as confidence in U.S. dollar takes a beating
Key Points China is introducing ways to bolster yuan’s usage as confidence in the U.S. dollar falters. Three major Chinese exchanges have allowed certain foreign institutional investors to trade more futures and options contracts listed in mainland China. From expanding investment channels to building digital infrastructure, Beijing has been laying the groundwork to accelerate international […]
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FedEx beats earnings estimates, forecasts $1 billion cost savings in the next fiscal year
A FedEx truck on Cyber Monday in San Francisco, California, US, on Monday, Dec. 2, 2024. David Paul Morris | Bloomberg | Getty Images FedEx reported better-than-expected quarterly earnings and revenue Tuesday as the company announced it had achieved its $4 billion cost-cutting goal and will aim to trim another $1 billion in its upcoming […]
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