Market Snapshot
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Business
15 published stories
Illustration of delegates gathered in Beijing’s Great Hall of the People as China approves a new five-year economic blueprint; AI generated. / AI Generated
China’s newly approved 2026-2030 five-year plan puts advanced manufacturing, technology and domestic resilience at the center of a strategy likely to intensify competitive pressure on Europe.
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Anthropic filed suit against the Department of Defense and other federal agencies after the Trump administration labeled the AI company a supply chain risk and ordered agencies to stop using its technology.
Apple will lower App Store commissions in mainland China to 25% from 30% and reduce small-developer rates, a change estimated to save Chinese developers about 6 billion yuan ($873 million) a year.
BioNTech co‑founders Ugur Sahin and Özlem Türeci will form an independent company to develop next‑generation mRNA technologies while BioNTech pivots toward commercialization of its growing late‑stage oncology and immunology pipeline.
Samsung regained its position as the global smartphone market leader in the last quarter, pushing Apple into second place.
Aldi Süd is expanding its delivery service pilot project to external customers and is delivering from a special warehouse, known as a dark store, rather than from its stores.
Deutsche Bahn has inaugurated the first section of a new regional rapid rail system in New Delhi, marking a milestone in India’s transport transformation.
FlixTrain is set to expand its timetable in December 2023, adding more stations in North Rhine-Westphalia and other German cities while promising service levels comparable to high-speed rail.
XING is repositioning itself as a leading jobs network, expanding its career marketplace and introducing new features to meet the demands of a changing labor market.
LinkedIn, owned by Microsoft, is cutting 668 jobs just months after eliminating more than 700 roles in an earlier round of layoffs.
Germany’s financial regulator BaFin has appointed a special representative to monitor Deutsche Bank as it works to resolve customer service problems at Postbank and DSL Bank following a troubled IT migration.
