Business


In this December 10, 2010 photo, workers use machinery to dig at a rare earth mine in Ganxian county in central China’s Jiangxi province.
December 12, 2025

China outlines more controls on exports of rare earths, technology

China outlined new curbs on exports of rare earths and related technologies on Thursday, extending controls over use of the elements critical for many high-tech and military products ahead of a…

Shoppers walk from the Walmart store on August 14, 2025 in Manchester, New Hampshire.
December 12, 2025

OpenAI partners with Walmart on shopping in ChatGPT

OpenAI is partnering with Walmart to let shoppers make purchases directly within ChatGPT, furthering the artificial intelligence company’s push to turn its chatbot into a virtual merchant as it seeks…

US Federal Reserve Chairman Jerome Powell.
December 12, 2025

Federal Reserve cuts key rate

The United States Federal Reserve cut its key interest rate on Wednesday for a second time this year as it seeks to shore up economic growth and hiring, even as inflation stays elevated. But Fed…
The Kyger Creek Power Plant, a coal-fired power plant, operating on April 14, 2025 near Cheshire, Ohio.
December 12, 2025

Relentless rise in carbon pollution from fossil fuels slightly dampens climate-fighting hopes

For each of the past several years, scientists, analysts and officials have been hoping that it would be the year when emissions from the burning of coal, oil and natural gas would stop going up.…
Business
December 12, 2025

US government shutdown costly for Delta airline

The longest shutdown of the United States government on record cost Delta Air Lines an estimated US$200 million, CEO Ed Bastian said Wednesday in the first disclosure by a US airline regarding the…

In this August 7, 2020 photo, a man rides past Tencent headquarters in Beijing, China, on August 7, 2020.
December 12, 2025

Paramount says China’s Tencent withdrew from Warner Bros bid to avert national security issues

Paramount Skydance says the Chinese gaming and social media giant Tencent Holdings withdrew from its bid to buy Warner Bros Discovery to avert a possible national security review.
Business
December 12, 2025

Tariffs have cost American households US$1,200 each

Sweeping taxes on imports have cost the average American household nearly US$1,200 since Donald Trump returned to the White House this year, according to calculations by Democrats on Congress’ Joint…

From left: President of Russia Vladimir Putin, Prime Minister of India Narendra Modi, and President of China Xi Jinping talk ahead of the Shanghai Cooperation Organisation  summit at the Meijiang Convention and Exhibition Center in Tianjin, China, on Mond
December 12, 2025

Osman and Sleat | The limits of Xi and Putin’s no-limits partnership

Much has changed since Chinese President Xi Jinping and Russian President Vladimir Putin last stood together atop Tiananmen Square in 2015. When they did so again this week, it was supposedly as equal…
Christine Lagarde, president of the European Central Bank.
December 12, 2025

ECB leaves interest rates unchanged

The European Central Bank, ECB, left interest rates unchanged on Thursday with inflation back under control and the economy weathering Trump’s tariff onslaught better than expected. The bank’s…