China’s regulators warned the country’s automakers on Tuesday not to launch aggressive pricing strategies in overseas markets, as the sector’s blistering global expansion raises fears of so-called involution. Calling for “rational and orderly” expansion, Beijing hopes to avoid the price war dynamics that have eroded profits among its domestic e-commerce ...
Month: September 2026
Asian currencies boosted by AI exports: Goldman SachsAsian currencies boosted by AI exports: Goldman Sachs
The US’ insatiable appetite for AI is lifting currencies halfway around the world. Currencies from South Korea, Taiwan, and Malaysia — which all export chips or other components used in the AI buildout — have outperformed those in countries less exposed to Silicon Valley’s spending, according to new Goldman Sachs ...
Ukraine’s drone expertise is in demandUkraine’s drone expertise is in demand
Ukraine is intensifying its aerial assault against Russia with drones that fly for longer and carry a larger payload, boosting Kyiv’s profile as allied nations race to distill its battle-tested insights. Ukraine is “churning out cutting-edge military technology” at a speed with “few parallels in modern history,” The Wall Street ...
Ed Miliband promises ‘comprehensive reset’ of UK policy toward IsraelEd Miliband promises ‘comprehensive reset’ of UK policy toward Israel
Foreign secretary tells MPs he will try to stop illegal settlements carving up the West Bank Ed Miliband has promised to “reset” Britain’s policy on Israel, saying he will try to stop British companies helping build settlements in the West Bank. Speaking to the Commons for the first time as ...
Burnham promises more devolution and public control of essential servicesBurnham promises more devolution and public control of essential services
Tory leader Kemi Badenoch said Burnham was offering “more government control, more taxes and more politicians”, as he addressed MPs for the first time as PM. ...
Meta disables cameras on thousands of tampered smart glassesMeta disables cameras on thousands of tampered smart glasses
The Scoop Meta has disabled the photo- and video-taking abilities for thousands of its Glasses users after detecting they had tampered with the light that discloses that the device’s camera is on. The company recently rolled out an update that can detect whether the LED light has been covered or ...
John Ternus confronts Apple’s AI eraJohn Ternus confronts Apple’s AI era
Steve Jobs and Tim Cook solved Apple’s biggest problems of their respective eras — building new products people loved and then manufacturing them at global, margin-fattening scale. John Ternus, who takes over as CEO today, will now have to confront Apple’s AI era. Among his first tasks: Defending the powerful ...
The Fed’s forecasts keep missing, so it may stop making themThe Fed’s forecasts keep missing, so it may stop making them
Liz’s view Hi, and welcome back. A lot happened while Rohan and I were on vacation, but the one thing still on my mind — freshly cleansed by Hudson Valley air — is Kevin Warsh’s speech in Jackson Hole. The Fed chair argued the central bank should say less about ...
New Leon Black book picks fight with the TimesNew Leon Black book picks fight with the Times
The Scoop Apollo founder Leon Black’s career started falling apart in October of 2020, when The New York Times revealed that he’d been one of Jeffrey Epstein’s main financial patrons, relying on the criminal long after others had abandoned him. The veteran finance writer Bill Cohan’s new 673-page Black biography, ...
OpenClaw agent hype dies down in ChinaOpenClaw agent hype dies down in China
The extent of AI excitement among China’s public may be overstated, analysts argued. A viral craze this year saw grandmothers installing the agentic AI tool OpenClaw, part of the so-called “raising lobsters” frenzy that was widely presented as evidence of rabid AI enthusiasm in China. But the lobster has become ...