text

Xi-Biden meeting set tone for China-U.S. economic, trade talks: MOFCOM

The virtual meeting between Chinese President Xi Jinping and his U.S. counterpart Joe Biden has set the tone for economic and trade communication between the two countr

text

Xi-Biden meeting set tone for China-U.S. economic, trade talks: MOFCOM

The virtual meeting between Chinese President Xi Jinping and his U.S. counterpart Joe Biden has set the tone for economic and trade communication between the two countr

text

China Post issues stamps on classic mythological story of Ne Zha

China Post issued a set of six special stamps featuring scenes from Chinese classic animated film Ne Zha Nao Hai on Saturday. /CFPThe set of stamps has a face value of

text

Intel inks deal with Department of Defense to support domestic chip-building ecosystem

Intel has signed a deal with the Department of Defense to support a domestic commercial chip-building ecosystem. The chipmaker will lead the first phase of a program called Rapid Assured Microelectron

text

Astra given regulatory green light for its first commercial orbital launch at the end of the month

Rocket launch startup Astra has received a key license from the Federal Aviation Administration, giving the green light for the company’s first commercial orbital launch at the end of the month.Astra

text

Baidu beats Q2 result expectations due to AI cloud tech

The Baidu logo atop the company's R&D Center in Shanghai, China, August 11, 2021. /CFPChina's tech giant Baidu reported a 20-percent increase in its second quarter reve

text

Samsung reveals new folding and flip phones in bid to take niche handsets mainstream

The launch of the company's new folding phone - the Samsung Galaxy Z Fold 3 - follows a disastrous initial product release, when reviewers found the device was regularly breaking and branded it "unusable".

text

ScottsMiracle-Gro announces cannabis investment entity, and a $150m investment in RIV Capital

Scotts Miracle-Gro knows how to make plants grow, and now the company is looking to cannabis companies to grow its balance sheet. The company today announced an investment entity specifically for cann

text

Dataiku gets $400M at a $4.6B valuation, led by Tiger Global

Data science platform Dataiku announced today it has raised a $400 million Series E, bringing its valuation to $4.6 billion. The round was led by Tiger Global, with participation from returning invest

text

IMAX reports significant profitability turnaround in China

IMAX China on Wednesday reported a half-year 2021 Greater China revenue of $53.4 million, up from $6.7 million a year ago, driven by strong year-on-year box office recovery and increased installation

text

UK will be exposed to paying pandemic cost risks for decades: report

Empty shelves at a Tesco supermarket in central London, the UK, July 22, 2021. /CFP The British government will be exposed to financial risks from its 372 billion pound ($511 billion) pandemic

text

Blackstone acquires majority stake in Simplilearn for $250 million

Blackstone is acquiring a majority stake in Bangalore and San Francisco-headquartered edtech startup Simplilearn for $250 million.Simplilearn operates an eponymous online bootcamp to help people learn

text

Chinese streaming firm DouYu terminates $5.3 billion merger with Huya

DouYu International Holdings Ltd. said on Monday it had terminated its $5.3 billion deal with Huya Inc., two days after China's market regulator blocked Tencent Holding

text

Lebanon facing economic and social disaster, prime minister says

01:29 Lebanon is headed to a "social explosion" as the country's economic and financial crises deepens, said Caretaker Prime Minister Hassan Diab.Diab has appealed to other countries fo

text

Zomato targets $1.3 billion IPO at as high as $8.6 billion valuation

Zomato, a food delivery startup in India, said on Thursday it has boosted its plan to raise $1.3 billion in its initial public offering, which opens on July 14 and closes July 16.The loss-making start

text

Aspirin could cut risk of death in cancer patients by 20%, study suggests

Researchers say "serious consideration" could be given to using aspirin alongside other therapies to treat cancer.

text

Paid Time Off startup Sorbet reels-in another $15M inside three months

US/Israeli startup, Sorbet – which helps companies de-risk themselves against accrued paid time off (PTO) by employees — has raised another $15M, in a round led By Dovi Frances’ Group 11, not lo