Business

Satellite proliferation imperils astronomical observations, study finds

Ping An’s Profit Rises as Stock Market Rally Boosts Returns

Ping An Insurance (Group) Co.’s profit rose 36% in the first half, as China’s stock-market rally bolstered investment returns.

We are finally witnessing the decline of corporate Democrats | Robert Reich

Americans are backing progressives not because they want socialism, but because they want candidates who will fight for the working class Most discussions about the Democratic party in this election cycle focus on the remarkable rise of…

Crypto bank part-owned by Trump family offers depositors way to ‘gain favor’ with White House, experts say

Democrats have called World Liberty Trust Company a stark example of corruption but officials claim there is no insider dealing Two fundamentals underpin the business model of a new crypto bank partly owned by the Trump family…

Trump is losing his war of independence on rare earths

Inefficiency, untrustworthiness and cronyism are weakening the administration’s plans to stand up to China

Chinese ‘hardship camps’ see children chop wood, feed pigs to learn family appreciation

Chinese parents are sending their children to “hardship summer camps” to engage in farm work, often to the point of tears, in an effort to teach them the realities of life and foster appreciation for their families. This summer, a…

Riskier AT1 Debt Is Most Stable in This Upside-Down Bond Market

The latest convulsions in bond markets exposed a quirk: Some of the riskiest, most complex structures have ended up being among the most stable.

Muon Space Raises $250 Million With Google, Salesforce Backing

Satellite startup Muon Space Inc. closed a $250 million funding round, raising capital from Alphabet Inc.’s Google and Salesforce Ventures LLC after launching 11 satellites into orbit and opening a manufacturing facility in California.

Treasury Buyback Gives Gold Another Lease of Life, UBS Says

UBS Chief Strategist Bhanu Baweja discusses Treasury Secretary Scott Bessent’s plan to increase buybacks of longer-dated debt and its impact on wider markets including currencies and gold. "The fact that they want to keep long-end yields…

Alibaba cloud revenue rises 45% even as AI spending weighs on profit

Price of Brent oil up above $94 per barrel on London’s ICE first since July 24

As of 12:18 p.m. Moscow time, the Brent price was up by 2.64% at $94.04 a barrel

China Buys Saudi Crude in Rare Tender as Imports Stay Muted

China has bought millions of barrels of Saudi crude offered via a rare tender and under long-term contracts, although overall purchases still remain well below pre-war levels.