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China’s LandSpace gears up to take on Elon Musk and SpaceX

Zhuque-3 rocket by China’s private rocket firm LandSpace, takes off from the Jiuquan Satellite Launch Center, China, December 3, 2025, in this screengrab taken from handout drone footage provided by LandSpace. LandSpace/Handout via REUTERS HUZHOU — China’s rocket startup LandSpace has made no secret about drawing inspiration from Elon Musk’s SpaceX. …

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China’s BYD poised to overtake Tesla in 2025 EV sales

NEW YORK — Growing Chinese auto giant BYD stands poised to officially surpass Tesla as the world’s biggest electric vehicle (EV) company in annual sales. The two groups are expected soon to publish their final figures for 2025, and based on sales data so far this year, there is almost no …

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Hong Kong expects 3.2% growth this year

SHANGHAI, China — Hong Kong Financial Secretary Paul Chan raised his 2025 economic growth forecast to 3.2 percent on Sunday, saying the city would bolster its role as a financial center, innovation hub and trade center to maintain the momentum. Tourists relax on the waterfront in front of Victoria Harbor, with …

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Coupang founder Kim says sorry over data leak

(Photo by Jung Yeon-je / AFP) SEOUL — Founder of South Korea’s e-commerce giant Coupang, Kim Bom-Suk, apologized on Sunday over a data leak that shook confidence among more than 30 million customers. The apology follows revelations that customer data at Coupang had been leaked by a former employee, prompting a …

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How company bets on bitcoin can backfire

An advertisement for the cryptocurrency, Bitcoin, is displayed on a building in Hong Kong on Nov. 18, 2021. (AP Photo/Kin Cheung, File) LONDON — The year-end plunge in cryptocurrencies has rattled companies that had bet heavily on bitcoin, sending share prices tumbling and reviving fears of a bubble. Below, Agence France-Presse …

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China to require repatriation of funds raised overseas under new rules

People walk past an office and commercial complex in Beijing’s Central Business District (CBD), China March 15, 2021 (REUTERS/Tingshu Wang)  BEIJING ― China will require domestic firms to repatriate funds raised from overseas listings “in principle” under new rules aimed at tightening oversight of cross-border financing as Beijing seeks to manage …

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Philippine home prices hit slowest growth on record

Housing prices in the Philippines expanded by less than two percent in the third quarter of 2025, marking the slowest annual inflation on record. According to the Residential Property Price Index (RPPI) reported by the Bangko Sentral ng Pilipinas (BSP) on Friday, Dec. 26, price growth for all types of …

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