Agencies This year’s National Day break overlaps with the Mid-Autumn Festival, creating an eight-day “super golden week” that is being viewed as a litmus test for domestic demand – covering everything from retail sales and box office takings to spending on travel, dining and entertainment. The first batches of hairy crabs hit markets across China…
As China’s National Day holiday approaches, prices of hairy crabs, one of the most popular seasonal gifts at this time of the year, are down markedly as the first batches are delivered to markets across the country. Industry insiders predict that prices will fall further, citing higher production, shrinking gift-giving demand and weak household spending….
Sales of electric vehicles in the United States are almost certain to tumble when the $7,500 federal tax credit for EV buyers expires on Oct. 1, leaving automakers and car buyers wondering where prices will go.The tax credit, which was passed in 2022 as part of the Biden administration’s legislative push to support EVs and…
They’ve got the money and the chips. Now they need the power. Nvidia announced Monday that it plans to invest $100 billion in OpenAI in a deal that would give the ChatGPT maker a major leg up in the AI race — access to 10 gigawatts worth of the high-powered GPUs it needs to satisfy…
The government is expected to push ahead with a contentious plan to limit the amount of money that savers can put into cash Isas each year as part of efforts to revive Britain’s troubled stock market, Ben Martin writes. There has been speculation for months that Rachel Reeves, the chancellor, will reform the rules governing…
Nvidia shares hit a record high on Wednesday, closing at $154.31 and lifting the chipmaker’s market value to $3.77 trillion. The move allowed the AI titan to reclaim the title of the world’s most valuable company — but one firm thinks the rally isn’t even close to being over. The stock extended its record high…
Oil slid around 3% on Monday to its weakest since 2021, while most commodity markets including metals tumbled as an intensifying trade war between the United States and China triggered worries over demand for raw materials. Gold, which climbed to a record peak last week, also fell amid a wider markets sell-off. Major stock indexes…
Spend any time on a farm and you soon appreciate the grit required to land that sirloin on your plate. From fencing and drenching to battling storms, environmental regulations, labour shortages and high interest rates — farming is heavy weather. For the red meat sector, the headwinds are getting stronger. There are four storms. AdvertisementAdvertise…
The UK could produce about half of the energy it consumes locally, in the North Sea, the energy industry association, Offshore Energies, said this week, as quoted by the Financial Times. For that, however, the industry needs the “right business conditions”. Offshore Energies UK said that local energy production was estimated at some 2 billion…
Even though policymakers in Beijing may be putting up a sanguine show, not all is well with China’s economy. Its latest official data reveals that prices in China fell 0.7% from a year earlier in February, marking the first time in more than a year that the economy is in the grip of deflation. Also…