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China's BYD to assemble EVs in Pakistan from 2026 Jul 24, 2025 05:06AM

By Ariba Shahid

KARACHI (Reuters) -Chinese electric vehicle giant BYD plans to roll out its first car assembled in Pakistan by July or August 2026 to capture growing demand for electric and plug-in hybrid vehicles in the region, a company executive said on Wednesday.

BYD, the world's top EV maker, has been expanding rapidly outside its home market, where it is in a strong price war. The Pakistan plant addresses rising demand from emerging... (continue reading...)


US lawmaker presses for details of Pentagon use of Chinese engineers under Microsoft deal Jul 24, 2025 05:05AM

By Stephen Nellis

SAN FRANCISCO (Reuters) -A U.S. lawmaker on Thursday pressed the U.S. Defense Department for further details on what information the U.S. military shared with Chinese engineers as part of a cloud computing services contract with Microsoft.

After a report by investigative journalism publication ProPublica, Microsoft last week said it has ended the practice of using China-based engineers to provide technical support to the... (continue reading...)


Walmart bets on AI super agents to boost e-commerce growth  Jul 24, 2025 05:01AM

By Siddharth Cavale

NEW YORK (Reuters) -Walmart unveiled plans on Thursday to roll out a suite of AI-powered "super agents" designed to improve the shopping experience for customers and streamline operations.

The world's largest retailer said the four agents powered by agentic AI - designed for Walmart shoppers, store employees, suppliers and sellers, and software developers - would soon be the primary way people engage with Walmart.

... (continue reading...)
Markets bet Beijing is getting serious about China's overcapacity Jul 24, 2025 04:52AM

By Lewis Jackson, Jiaxing Li and Amy Lv

BEIJING/HONG KONG (Reuters) -Commodity prices from steel to polysilicon have surged this month as Chinese investors bet Beijing is finally serious about addressing overcapacity across the world's second-largest economy.

Prices for nine industrial commodities including coal, steel, polysilicon, a building block for solar panels, alumina and lithium carbonate have climbed by 10% to 68% this month while... (continue reading...)


European shares hit 6-week high on US trade deal optimism, earnings boost Jul 24, 2025 04:46AM

By Twesha Dikshit

(Reuters) -European shares scaled a six-week high on Thursday, helped by upbeat results from the likes of Deutsche Bank and BNP Paribas, and optimism surrounding the EU-U.S. trade agreement, ahead of a European Central Bank meeting.

The pan-European STOXX 600 index gained 0.5% by 0817 GMT after hitting its highest since June 11 in early trading.

Most regional bourses were in the green, with Germany's blue-chip... (continue reading...)


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