China's legislature passes a law raising the retirement age, which is now among the lowest for major economies
BEIJING (AP) — China's legislature passes a law raising the retirement age, which is now among the lowest for major economies.
BEIJING (AP) — China's legislature passes a law raising the retirement age, which is now among the lowest for major economies.
A British man has gained unexpected fame on the Chinese internet after he revealed his gruelling work schedule at a Chinese Big Tech firm, drawing fresh attention to the country's so-called 996 work culture. Jack Forsdike, a Yorkshire local, joined NetEase in Guangzhou in 2022, doing translation work which did not involve overtime. He was transferred to game design in January 2024, and the work load increased in April. He then realised "how difficult it might be" to keep up with the demanding ho
A state-funded semiconductor lab in China said it has achieved a "milestone" in the development of silicon photonics, which could help the country overcome current technical barriers in chip design and achieve self-sufficiency amid US sanctions. JFS Laboratory - based in Wuhan, capital of central Hubei province and a national base for photonics research - was able to light up a laser light source integrated with a silicon-based chip, the first time this was successfully done in China, according
Chinese authorities have informally advised local companies to use domestic-made artificial intelligence (AI) chips over those from Nvidia, according to two sources familiar with the matter, as alternative suppliers on the mainland look to catch up with the US tech giant. While there is no official ban on Nvidia's China-tailored H20 graphics processing unit (GPU), the sources said mainland AI chip users have been informed to prioritise deployment of local alternatives, including those developed
Lobby group UK Steel said country faces ‘cliff edge’ in 2026 when current protections run out
Despite the Singapore stock market hovering near record highs, recession indicators are emerging as companies report that consumers are tightening their budgets and opting for more affordable alternatives. In this environment, dividend stocks can offer a degree of stability and income potential, making them an attractive option for investors seeking to navigate uncertain economic conditions.
GE Vernova has become a Wall Street favorite as an AI power play.
Roommate says student went into cardiac arrest hours after drinking beverage
Drivers are not yet ready for the switch to electric vehicles, the boss of one of the world’s biggest car part suppliers has warned.
In recent weeks, global markets have experienced significant volatility due to escalating geopolitical tensions in the Middle East and unexpected job gains in the U.S., which have influenced investor sentiment and affected various indices, including small-cap stocks. Despite these challenges, the S&P 600 for small-cap companies has shown resilience amidst fluctuating oil prices and supply chain disruptions. In this environment, identifying promising small-cap stocks often involves looking for...
As global markets navigate heightened geopolitical tensions and unexpected economic shifts, investors are closely monitoring the impact on various sectors. Despite these challenges, opportunities may arise in stocks that are trading below their estimated fair value, presenting potential for growth when market conditions stabilize. Identifying such stocks involves assessing their fundamentals and market position relative to current events, making them appealing options for those seeking value...
The U.S. Supreme Court declined on Monday to hear former pharmaceutical company CEO Martin Shkreli's challenge to a $64.6 million financial penalty imposed by a judge after he raised a lifesaving drug's price by more than 4,000%. The justices turned away Shkreli's appeal of a lower court's decision upholding the penalty, equal to the profits he and one of his former companies made by raising the price of the drug Daraprim in 2015, imposed in 2022 by U.S. District Judge Denise Cote in Manhattan. Shkreli's appeal did not challenge a lifetime ban from the drug industry also imposed by Cote.
As we look ahead to 2025, it's clear that car prices are poised to shift, and if you're in the market for a reliable vehicle, you might want to hold off for a bit. With new models rolling out, the...
Lloyd’s of London is monitoring office attendance amid concerns that Mondays are still not busy enough.
German Chancellor Olaf Scholz's rejection of EU tariffs on Chinese electric vehicles failed to stop fellow European Union members voting in favour, exposing how a divided Berlin is struggling to drive EU policy. Germany was one of only five EU members to reject tariffs after months of pressure from its carmakers, which rely on China for almost a third of their sales, allowing the European Commission to press ahead with anti-subsidy duties by the end of the month.
Should I call time on my high-paying (but stressful) job or stick it out?
Commerzbank and UniCredit did not discuss a merger at a recent meeting, the German lender's CEO Bettina Orlopp told a local newspaper, saying any tie-up with its Italian peer would result in the loss of customers. Orlopp, in her first interview since becoming CEO of Germany's second-biggest lender by assets after Deutsche Bank, was downbeat on the prospects for big bank mergers. Italy's second-biggest lender after Sanpaolo Intesa has been pressing for a tie-up while Commerzbank has been honing its defence.
A 62-year-old spent the bulk of their pension to pay down debt, leaving little for retirement. Here's what they should have done instead.
BENGALURU (Reuters) -The Adani Group is in talks to buy the Indian cement operations of Germany's Heidelberg Materials in a deal that could be worth about $1.2 billion, the Economic Times newspaper said on Monday, citing people familiar with the matter. Led by billionaire Gautam Adani, the group entered India's cement industry in 2022 by buying Holcim's local units and has made a string of acquisitions since, as it jostles for market share with top producer UltraTech Cement. The Adani Group did not immediately respond to Reuters' request for comment.
CORRECTION: A previous version of this story incorrectly identified Sen. Bernie Sanders as an Democrat from Vermont. Sanders switched from Democrat to independent in May 2024. This article has been corrected. Originally moved Oct. 5. - - - Subscribe to The Post Most newsletter for the most important and interesting stories from The Washington Post. When Harold Daggett looks at the self-checkout scanner in the grocery store or the E-ZPass automatic toll lane on the highway, he does not see a mode
NEW YORK (Reuters) -Oil prices settled more than 3% higher on Monday, with Brent surpassing $80 per barrel for the first time since August as the increased risk of a region-wide Middle East war jolted investors out of record bearish positions amassed last month. Brent crude futures rose by $2.88, or 3.7%, to settle at $80.93 per barrel. Last week, Brent rose more than 8% and WTI advanced by more than 9% week-on-week, the most in more than a year, after Iran's Oct. 1 missile barrage against Israel raised concerns that the response from Israel would aim at Tehran's oil infrastructure.