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Business

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New Texas facility will breed sterile flies to protect US cattle herds
New Texas facility will breed sterile flies to protect US cattle herds

WASHINGTON, D.C.: The U.S. Department of Agriculture (USDA) will invest up to US$750 million to construct a new production facility...

Berkshire Hathaway takes $1.6 billion UnitedHealth stake, shares surge
Berkshire Hathaway takes $1.6 billion UnitedHealth stake, shares surge

MINNETONKA, Minnesota: Shares of UnitedHealth Group have surged since Warren Buffett's Berkshire Hathaway disclosed ilast week it had...

Uneventful day on Wall Street Monday, Nasdaq Composite inches up
Uneventful day on Wall Street Monday, Nasdaq Composite inches up

  NEW YORK, New York - There was little movement on Wall Street Monday as investors awaited news from the summit in DC involving...

OpenAI workers look to sell $6B in stock at $500B valuation
OpenAI workers look to sell $6B in stock at $500B valuation

SAN FRANCISCO, California: Current and former staff at OpenAI are preparing to sell nearly US$6 billion worth of shares in a secondary...

Economic slowdown piles pressure on China to spur demand
Economic slowdown piles pressure on China to spur demand

BEIJING, China: China's industrial output growth slowed to its weakest pace in eight months in July, while retail sales also lost momentum,...

Luxury brands see little pushback on price hikes from affluent U.S.
Luxury brands see little pushback on price hikes from affluent U.S.

LONDON, U.K.: For now, America's wealthier consumers appear unfazed by price increases on high-end products, from Birkenstock sandals...

Construction

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Pursuit of "quality homes" injects new impetus into China's property market
Pursuit of "quality homes" injects new impetus into China's property market

BEIJING, Aug. 19 (Xinhua) -- Stepping into a model apartment, a homebuyer surnamed Liu was immediately struck by the bright, open layout....

Update: China's fixed-asset investment scales up in Jan.-July
Update: China's fixed-asset investment scales up in Jan.-July

BEIJING, Aug. 15 (Xinhua) -- China's fixed-asset investment scaled up in the first seven months of 2025, with fast-growing capital...

Ukrainian drone hits building in border Russian region
Ukrainian drone hits building in border Russian region

The attack was part of the latest wave of Kievs drone strikes targeting the city of Belgorod A video showing a Ukrainian drone slamming...

Economic Watch: Pursuit of "quality homes" injects new impetus into China's property market

BEIJING, Aug. 19 (Xinhua) -- Stepping into a model apartment, a homebuyer surnamed Liu was immediately struck by the bright, open layout....

German home building permits rise 7.9 pct in June but recovery remains fragile

BERLIN, Aug. 18 (Xinhua) -- Home building permits in Germany rose 7.9 percent in June from a year earlier, data from the Federal Statistics...

1st LD-Writethru: China's fixed-asset investment scales up in Jan.-July

BEIJING, Aug. 15 (Xinhua) -- China's fixed-asset investment scaled up in the first seven months of 2025, with fast-growing capital...