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Chanel owners lean on 38 yr old Arthur Heilbronn to manage their billions

Arthur Heilbronn is the son of Charles Heilbronn, founder and chairman of Mousse since 1991, who is a half-brother of Alain and Gerard Wertheimer, third-generation Chanel heirs

Ambani family postpones New York show amid ongoing India-US tensions

It is with deep regret that we share the NMACC India Weekend in New York, scheduled to open on Sept. 12, has been postponed due to unforeseen circumstances, the Nita Mukesh Ambani Cultural Centre said

Alibaba gains $50 billion value after AI progress fuels market rally

China's e-commerce leader posted a triple-digit percentage gain in AI-related product revenue as well as a better-than-anticipated 26 per cent jump in sales from the cloud division

Tesla sees retail exodus in South Korea as investors turn to crypto

The exodus signaled waning enthusiasm among one of Tesla's most loyal global retail bases, whose buying sprees once amplified the stock's rallies

BYD sees first profit drop in 3 yrs, showing no automaker safe in price war

Automaker blamed 'industry malpractices' and 'excessive marketing' for pressuring its bottom line - an ironic twist considering BYD has been a major driver of the price war

Chinese hybrids, EVs set to storm Munich in latest European expansion

BYD Co., Xpeng Inc. and Zhejiang Leapmotor Technology Co. are among manufacturers showing off new models at the IAA Mobility 2025 expo

Samsung, SK Hynix drop as US revokes chip equipment permits for China

Trump administration's move would revise what's known as the validated end user, or VEU, rules, handicapping the ability to make chips in China and jeopardizing it's access to certain technologies

China's private factory gauge unexpectedly returns to growth in August

The RatingDog China General Manufacturing Purchasing Managers' Index rose to 50.5 from 49.5 in July

Southeast Asia factories gain momentum as Japan, South Korea face slowdown

In Indonesia, output and new orders increased for the first time in five months and production in Thailand rose at the fastest pace in 13 months, according to S&P Global data

Japanese firms pare growth in capital spending as Trump tariffs hit

Capex on goods excluding software gained for a fifth consecutive quarter in the three months through June, but pace of increase decelerated sharply to 0.2 per cent from 2 per cent in previous period

Mitsubishi Heavy to double gas turbine capacity as global demand surges

The decision comes at a time when demand for gas turbines has increased globally, due to the proliferation of data centers, new manufacturing and continued electrification

South Korea exports stay solid on chip demand despite Trump tariffs

Overseas shipments gained 1.3 per cent in August from a year earlier, customs data showed Monday, following a 5.8 per cent increase in July

China's defence expansion in Southeast Asia fuels new superpower rivalry

On Wednesday, Xi will host the Russian president again, along with North Korea's leader, Kim Jong Un, at a parade to mark the 80th anniversary of the end of World War II

China's top banks under strain from rising loan losses, shrinking margins

The lenders, led by Industrial & Commercial Bank of China Ltd., reported falling or weak earnings for the first half of 2025 as they continued to pump out new loans to China's struggling consumers

China says improving ties with India serves interests of both nations

Beijing and New Delhi ties have warmed since Xi-Modi meet in Kazan last October, with steps to ease border tensions and PM Modi's first China visit in seven years this weekend

Trump's 50% tariffs on India risk straining bilateral ties beyond trade

India may resent Trump's tariffs, but with careful diplomacy they could be seen as temporary steps to rebalance ties while reforms and openness progress at India's own pace

When AI feels too human: Teen suicide lawsuit puts ChatGPT on trial

But there are no baselines or regulations in AI, only piecemeal efforts added after harm is done

India holds informal talks with US, rules out retaliation for now

While talks on a bilateral trade deal have been postponed, the two countries continue to communicate on critical issues, including defense and foreign policy

Indian economy likely grew solidly before Trump tariffs hit outlook

India's gross domestic product probably expanded 6.7 per cent in the three months to June, the first quarter of the financial year, according to the median estimate in a Bloomberg survey

Why Sam Altman should make ChatGPT less entrancing, and less of a confidant

ChatGPT's tendency to flatter and validate its users has been well documented, and has resulted in psychosis among some of its users