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Vibrant Thai boxing shorts on display in Bangkok market, showcasing local culture.
Business1/23/2026, 4:40:18 AM

China Buys Fewer Clothes per Person Than Mexico — What That Reveals About Consumption and Growth

Chinese consumers buy surprisingly few garments per year — about 21 — a rate lower than Mexico’s despite China’s status as the world’s second-largest apparel market by revenue. The gap reflects income and consumption patterns, high shares of spending on necessities, regional differences, and an emerging consumer preference for value and durability over volume.

Man recording a podcast indoors with a laptop and microphone, focused and speaking.
Business1/23/2026, 4:40:16 AM

China’s Podcast Moment: Celebrities, Platforms and the High‑stakes Rush into Video Talk Shows

A wave of Chinese celebrities and influencers are launching video podcasts as platforms such as Bilibili and Xiaohongshu weaponise creator funds and tools to win high‑value audiences. The format boosts engagement and brand opportunities but faces hurdles: high production costs, uneven on‑camera talent, and a concentration of success among established personalities.

Modern metro train at Dhaka station with commuters waiting on platform, showcasing public transport in Bangladesh.
World1/23/2026, 4:30:23 AM

From ‘Spring City’ to Metro Hub: How Jinan’s Rapid Rail Buildout Aims to Rewrite a Regional Map

Jinan completed a rapid metro expansion that added 121.2 km last year, bringing its network to 217.9 km and placing it among China’s top 20. The buildout, constrained for decades by fragile underground springs, now forms a more coherent H-shaped network and crosses the Yellow River, but low ridership intensity and the need for supportive land-use policies mean the economic payoff is not assured.

Flags of North Rhine-Westphalia, Germany, and the EU waving under a cloudy sky.
World1/23/2026, 4:30:15 AM

Brussels Convenes Emergency Summit as EU Grapples with US Rhetoric on Greenland

EU leaders convened an emergency summit in Brussels on January 22 to coordinate a response to U.S. President Donald Trump’s remarks about Greenland made at Davos and related statements. The meeting underlines growing European sensitivity to unilateral U.S. rhetoric on geopolitically sensitive issues and could accelerate EU measures to bolster Arctic policy, regional partnerships, and transatlantic diplomacy.

Beautiful view of Mohammad Al-Amin Mosque with surrounding urban architecture in Beirut, Lebanon.
World1/23/2026, 4:30:13 AM

Iran Says Cities Calm After Protests; Tehran Blames Israel and U.S. as Turkey Urges Stability

Iran’s parliamentary speaker told Turkey that nationwide calm has been restored after recent unrest, blaming the disturbances on Israeli and U.S. backing for ‘‘terrorists.’’ Turkey urged continued stability, while Washington’s warnings of possible intervention and Tehran’s external-conspiracy narrative deepen polarization and raise the risk of further escalation.

A protester raises a sign during a demonstration in Los Angeles under a clear blue sky.
World1/23/2026, 4:20:19 AM

Trump’s Retreat on Tariffs Leaves Greenland Dispute Unresolved and Europe Uneasy

President Trump withdrew planned tariffs on eight European countries after saying he and Western partners had sketched a framework on Greenland that covers defence and mining. European leaders welcomed the de‑escalation but remain alarmed: the episode raises fundamental questions about Greenlandic sovereignty, NATO’s role, and the resilience of the transatlantic alliance.

Captivating view of Raffles City and skyline by the Yangtze River in Chongqing, China.
World1/23/2026, 4:20:13 AM

China Makes Cross‑Provincial VAT Refunds Easier to Lure More International Visitors to the West

Chongqing has expanded a cross‑provincial “immediate” VAT refund scheme to Yunnan, Shaanxi and Gansu, following a 2025 agreement with Sichuan, allowing foreign visitors to claim tax rebates when departing from a different province than where they purchased goods. The move is designed to make multi‑stop itineraries across western China more convenient, boosting inbound consumption and aiding regional economic coordination amid broader visa‑free transit liberalisation.

Scrabble tiles spelling 'DOGE' and 'MUSK' on a wooden table, highlighting internet culture and cryptocurrency.
Technology1/23/2026, 4:10:21 AM

At Davos, Musk Promises Optimus on Sale Next Year and Predicts AI, Robotaxis and Even Anti‑Aging Breakthroughs

At Davos, Elon Musk announced that Tesla plans to sell its Optimus humanoid robot next year and predicted widespread Robotaxi usage in the U.S., alongside broader claims that AI may surpass human intelligence and that humanity will eventually reverse ageing. The announcements compress ambitious technological roadmaps into near-term timelines, raising questions about feasibility, regulation and societal impact.

A bustling market stall showcasing a variety of vibrant fabrics and textiles, perfect for fashion and design.
Business1/23/2026, 4:10:16 AM

Honor, Baseus and Nubia Join AliExpress Push as 50+ Chinese Brands Race to Grow Overseas

More than fifty Chinese consumer-tech brands, led by Honor, Baseus and Nubia, have joined AliExpress’s “Super Brand Going Overseas” programme to accelerate international sales. The move bolsters Alibaba’s cross-border marketplace while reflecting a wider trend of Chinese firms using platform partnerships to globalise amid domestic slowdown and intensifying competition.

Detailed image of a computer motherboard highlighting an Intel chip with surrounding components.
Technology1/23/2026, 4:00:59 AM

Intel’s CEO Concedes Yield Shortfalls as AI Demand Outpaces Supply

Intel CEO Chen Liwu admitted on the Q4 2025 earnings call that the company has not fully met skyrocketing AI-driven demand because product yields are below his expectations. Intel has pledged to make yield improvements a top priority in 2026, but the admission triggered a sharp market reaction and raises competitive and supply-chain risks.

A close-up view of a person holding an Nvidia chip with a gray background.
Technology1/23/2026, 4:00:37 AM

Alibaba Readies Spin‑off of 'Pingtouge' AI‑Chip Unit as Investors Flock to a New China AI‑IPOs Wave

Alibaba is preparing to spin off its Pingtouge AI‑chip unit and explore an IPO after years of quiet development, a move that lifted Alibaba’s share price sharply. The reorganisation—creating a partly employee‑owned entity—would strengthen Alibaba’s AI stack and feed investor appetite for China’s domestic alternatives to Western accelerators, though production scale, valuations and regulatory risks remain key uncertainties.

Close-up of wooden letter tiles on a table spelling 'News Musk', concept of media coverage.
Technology1/23/2026, 4:00:27 AM

Musk at Davos: China Holds the Key to Powering an AI Future as Tesla Counts Down to FSD and Optimus Sales

At Davos, Elon Musk argued that electricity — not chips — will be the binding constraint on large-scale AI and robot deployment, praising China’s massive solar build-out as the practical remedy. He set aggressive timelines for RoboTaxis, FSD regulatory approvals in Europe and China, Optimus humanoid sales by late 2027, and space-based AI data centres enabled by fully reusable Starship launches.

A diverse team celebrating success with raised hands in a modern office setting.
Technology1/23/2026, 3:50:25 AM

TikTok Survives US Crackdown by Keeping Its Algorithm and Carving Out a US Data Guardrail

TikTok has set up a US data‑security joint venture and preserved its core algorithm IP by licensing it, while ByteDance retains a 19.9% stake in the new entity and full ownership of US commercial operations. The deal secures the app’s presence in America, attracts major American and global investors, and establishes a template for managing tech‑national security tensions without dismantling the business.

Explore Amsterdam's canals with historic gabled houses and iconic watercrafts.
World1/23/2026, 3:50:18 AM

China’s New 054B Frigate Marks First Year of Operational Integration for a More Networked Navy

The PLA Navy’s first 054B frigate, Luohe (545), has completed its first year of service after commissioning in January 2025, conducting repeated live-fire drills and routine at-sea training. The class is intended to enhance early warning, information processing and integrated combat functions, making it a force-multiplier within fleet networks rather than a standalone game-changer.

Close-up of a majestic African Fish Eagle with blurred forest background, showcasing its beauty.
World1/23/2026, 3:50:17 AM

US Army’s ‘Dark Eagle’ Hypersonic Fielding Delayed Again, Exposing Cost and Capability Risks

The US Army has again failed to meet its schedule for fielding the LRHW "Dark Eagle" hypersonic system, highlighting technical hurdles and cost pressures in a program that has already consumed over $12 billion across services. With the first battery’s deployment cost estimated at roughly $2.7 billion, the delay raises questions about deterrence timelines, congressional oversight, and potential shifts in Pentagon priorities.

Picturesque red houses along a rocky coastline with clear blue skies and tranquil water.
World1/23/2026, 3:40:49 AM

Trump Renounces Force but Revives 'Buy Greenland' Gambit, Deepening Transatlantic Strain

At Davos President Trump said he would not use force to seize Greenland but pressed to negotiate a purchase and suspended planned tariffs on several European countries after talks about an Arctic framework. Denmark and the EU reacted with alarm: Copenhagen rejects the idea of transferring Greenland, Greenland issued civil‑defense guidance, and Brussels convened an emergency summit to consider a unified response.