Services production up by 0.8% in both the euro area and the EU
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EU R&D government allocations up by 61% in 10 years
In 2025, EU governments allocated an estimated €130 200 million on their budgets to R&D (GBARD), equivalent to 0.69% of GDP. This indicates a 2.4% increase from 2024 (€127 144…
PBOC extends gold-buying streak to 21 months as forex reserves rise
China’s central bank extended its gold-buying streak to 21 months in July, while the country’s foreign exchange reserves edged up, underscoring the continued stability of China’s reserve assets amid global…
Didi partners with Brazil’s Movida to accelerate green mobility transition
Didi’s 99 inks a partnership with Movida. Didi’s leading local services platform in Brazil 99, has announced a strategic alliance with Movida, one of Brazil’s leading vehicle rental companies, to…
China’s gold consumption patterns diverge amid volatile prices
BEIJING – China’s gold market saw divergent demand trends in the first half of 2026, with jewelry consumption declining and investment demand remaining strong amid high prices and new tax…
DeepSeek to increase prices for AI services
Chinese artificial intelligence startup DeepSeek said on Thursday it planned to raise prices across its application programming interface services, potentially by a significant margin. The announcement came less than a…
Envision Group completes massive, green-energy-powered AI data center in Inner Mongolia
Green tech company Envision Group announced the completion of its largest AI data center on Thursday in Ulaanqab, Inner Mongolia autonomous region, setting what they claim to be global benchmarks…
Safety rules for self-driving cars unveiled
China has announced its first mandatory national safety standard for Level 3 and Level 4 autonomous vehicles, tightening safety requirements for self-driving cars in the world’s largest automotive market. The…
Gaming sector posts solid growth in first half of year
China’s gaming market generated 188.45 billion yuan ($28 billion) in actual sales revenue in the first half of 2026, up 12.17 percent year-on-year, as the number of users expanded to…
Unitree Robotics sets IPO price at 150.80 yuan per share
Chinese humanoid robot maker Unitree Robotics said on Thursday it had set the price for its initial public offering on Shanghai’s STAR Market at 150.80 yuan ($21) per share, as…