Aug 2, 2026
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Business

24 articles · Updated continuously

Business

US Biotech Firm Axiom Biosciences Plans Hong Kong IPOBusiness

US Biotech Firm Axiom Biosciences Plans Hong Kong IPO

Axiom Biosciences, a San Diego-based firm developing AI-driven therapies for infant brain injuries, aims to raise US$200 million in a 2027 Hong Kong IPO.

SCMP Business
·2 min read
Eurofound report finds nearly one in five EU jobs are vulnerableBusiness⚡ 6.0

Eurofound report finds nearly one in five EU jobs are vulnerable

A report from the EU agency Eurofound indicates that 18.8% of jobs in the European Union were classified as vulnerable in 2021, with Spain recording the highest rate.

Euronews Business
·3 min read
UK Government to Cut VAT on Household Electricity Bills Starting OctoberBusiness⚡ 6.0

UK Government to Cut VAT on Household Electricity Bills Starting October

Prime Minister Andy Burnham has announced a VAT reduction on electricity bills, funded by the cancellation of a digital ID program.

BBC Business
·2 min read
AliExpress fined €550m by EU over illegal and unsafe goodsBusiness⚡ 7.0

AliExpress fined €550m by EU over illegal and unsafe goods

The European Commission has imposed a record fine on AliExpress for failing to adequately prevent the sale of counterfeit and dangerous products on its platform.

BBC Business
·3 min read
Andy Burnham Becomes UK Prime Minister as Markets Monitor Policy ShiftBusiness⚡ 8.0

Andy Burnham Becomes UK Prime Minister as Markets Monitor Policy Shift

Andy Burnham has been appointed the 59th Prime Minister of the United Kingdom, succeeding Sir Keir Starmer following his resignation.

CNBC Europe
·3 min read
Mainland Chinese immigrants play key role in Canadian property marketBusiness

Mainland Chinese immigrants play key role in Canadian property market

Mainland Chinese immigrants purchased an estimated C$5.7 billion in Canadian homes last year, remaining active despite a federal ban on foreign property buyers.

SCMP Business
·2 min read
Ryanair Profit Falls as Fuel Costs and Middle East Conflict Impact EarningsBusiness⚡ 6.0

Ryanair Profit Falls as Fuel Costs and Middle East Conflict Impact Earnings

Ryanair reported a significant drop in quarterly profit as rising fuel costs and consumer hesitancy linked to Middle East conflict weighed on the airline's financial performance.

CNBC Europe
·3 min read
China's antitrust probe into Trip.com nears conclusionBusiness⚡ 6.0

China's antitrust probe into Trip.com nears conclusion

China's market regulator is expected to announce the results of its antitrust investigation into Trip.com Group as early as this week.

SCMP Business
·2 min read
Thousands of parents missing out on weekly child benefit paymentsBusiness

Thousands of parents missing out on weekly child benefit payments

Official data indicates that nearly one-third of eligible parents fail to claim child benefit before their child's first birthday, potentially losing hundreds of pounds.

BBC Business
·2 min read
Nobel Laureate Philippe Aghion on Europe's AI Strategy and Economic ChallengesBusiness⚡ 6.0

Nobel Laureate Philippe Aghion on Europe's AI Strategy and Economic Challenges

Nobel Prize-winning economist Philippe Aghion discusses how Europe can address its AI development gap compared to the US through better research funding, venture capital, and specialized applications.

Deutsche Welle Business
·3 min read
Viral tiger-head bag highlights growth in China's heritage e-commerceBusiness

Viral tiger-head bag highlights growth in China's heritage e-commerce

A surge in sales for traditional Chinese handicrafts follows a viral appearance of a tiger-head bag, reflecting a broader trend in the nation's 100 billion yuan intangible heritage market.

SCMP Business
·2 min read
Incoming Prime Minister Burnham Faces North Sea Energy Policy DecisionsBusiness⚡ 7.0

Incoming Prime Minister Burnham Faces North Sea Energy Policy Decisions

As Andy Burnham prepares to take office, his administration faces critical decisions regarding North Sea oil and gas licensing, existing field approvals, and the Energy Profits Levy.

BBC Business
·3 min read
US to Impose 25% Tariffs on Most Brazilian ImportsBusiness⚡ 6.0

US to Impose 25% Tariffs on Most Brazilian Imports

The US Trade Representative's office announced new 25% tariffs on most Brazilian goods, citing unfair trade practices and unresolved negotiations.

Deutsche Welle Business
·3 min read
US Dollar Hits Record High Against Iranian Rial Amid Regional ConflictBusiness⚡ 8.0

US Dollar Hits Record High Against Iranian Rial Amid Regional Conflict

The Iranian rial has reached a record low against the US dollar as military and political tensions drive currency depreciation and inflation.

Euronews Business
·2 min read
Sun Hung Kai Properties sells out first batch of Garden Regency flatsBusiness

Sun Hung Kai Properties sells out first batch of Garden Regency flats

Sun Hung Kai Properties sold all 138 units in the first batch of its Garden Regency project in Yuen Long on Saturday.

SCMP Business
·2 min read
Iran-US Conflict Disrupts Gulf Oil and Gas ShippingBusiness⚡ 8.0

Iran-US Conflict Disrupts Gulf Oil and Gas Shipping

Renewed fighting between the US and Iran has halted traffic in the Strait of Hormuz, threatening global energy supplies and forcing producers to seek alternative export routes.

Deutsche Welle Business
·3 min read
Semiconductor Supplier AT&S Drives Record Gains on Vienna Stock ExchangeBusiness⚡ 6.0

Semiconductor Supplier AT&S Drives Record Gains on Vienna Stock Exchange

Austria’s ATX index has become Europe's top-performing equity market in 2026, fueled by the rapid growth of semiconductor substrate manufacturer AT&S.

Euronews Business
·3 min read
China's yoga apparel market faces slowing growth and increased competitionBusiness

China's yoga apparel market faces slowing growth and increased competition

Lululemon faces declining same-store sales in China as middle-class consumers shift their interest toward other sports categories.

SCMP Business
·2 min read
Gazundering in the UK Property Market: Risks and Proposed ReformsBusiness

Gazundering in the UK Property Market: Risks and Proposed Reforms

Gazundering, where buyers lower their offer shortly before exchanging contracts, is a growing issue in England and Wales, prompting calls for faster government reform.

BBC Business
·3 min read
Chinese Automakers Gain Traction in the UK MarketBusiness⚡ 6.0

Chinese Automakers Gain Traction in the UK Market

Sales of Chinese-made vehicles in the United Kingdom have surged, driven by competitive pricing and advanced technology features.

CNBC Europe
·3 min read
BlackRock assets top $15tnBusiness⚡ 8.0

BlackRock assets top $15tn

BlackRock's assets under management have surpassed $15 trillion, driven by market gains and new client money.

Euronews Business
·3 min read
How AI and satellites are being used to detect and monitor global wildfiresBusiness⚡ 6.0

How AI and satellites are being used to detect and monitor global wildfires

Satellite technology and artificial intelligence are helping detect wildfires early, filling gaps in traditional observation systems to assist emergency responders.

Deutsche Welle Business
·3 min read
Iran Expands Attacks to Syria and Bahrain Amid U.S. StrikesBusiness⚡ 8.0

Iran Expands Attacks to Syria and Bahrain Amid U.S. Strikes

Iran claims to have targeted U.S. forces in Syria and Bahrain as the U.S. concludes its sixth consecutive night of airstrikes against Iranian military targets.

CNBC Europe
·3 min read