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Luxury stocks rally after Richemont sales beat, but analysts say China must recover for a sustained rebound

Luxury stocks rally after Richemont sales beat, but analysts say China must recover for a sustained rebound

Richemonts betterthanexpected Q1 sales €6.3 billion, up 20% yearonyear lifted European luxury stocks, with gains at Richemont, LVMH, Hermès, Kering,...

3 min read•2 hours ago

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China Hits Dozens of U.S. Firms with Export Controls and Procurement Bans in Response to Pentagon Blacklist

China Hits Dozens of U.S. Firms with Export Controls and Procurement Bans in Response to Pentagon Blacklist

China on Monday placed 10 U.S. industrial suppliers on its export control list and excluded 46 American firms from government procurement in retaliation for...

3 min read•3 weeks ago

Sony Innovation Fund Backs Midnight Labs as AI-Powered IP Enforcement Expands into Japan and APAC

Sony Innovation Fund Backs Midnight Labs as AI-Powered IP Enforcement Expands into Japan and APAC

Midnight Labs has received investment from the Sony Innovation Fund to scale its AI-driven IP enforcement technology in the U.S., Japan and across APAC. The...

3 min read•1 month ago

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UMC begins mass production of silicon photonics wafers in Singapore as Citi turns positive

UMC begins mass production of silicon photonics wafers in Singapore as Citi turns positive

United Microelectronics Corporation has started mass production of silicon photonics wafers at its Singapore plant after an 18-month push with SILITH...

3 min read•2 hours ago

Beijing s Currency Push: Is Africa the Dollar s Weak Spot as China Secures Commodities?

Beijing s Currency Push: Is Africa the Dollar s Weak Spot as China Secures Commodities?

China is expanding the yuans role in Africa by enabling banks to process renminbi payments, a move that could dent dollar dominance and give Beijing...

3 min read•1 week ago