China · Business
Same event, multiple sources, transparently cited.
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Apple launches Apple Upgrade device leasing program in US on July 28, 2026
Apple rolled out its new Apple Upgrade leasing program in the US on July 28 to boost hardware sales amid rising costs.
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Chinese Midea's PortaSplit portable AC tops European sales during record 2026 heatwaves
Midea's PortaSplit portable air-conditioner became a bestseller across Europe amid the hottest June on record, driving strong sales growth in multiple countries.
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Nationwide credit card system outage disrupts payments across Japan on July 16, 2026
A nationwide credit card payment outage in Japan on July 16 disrupted merchant transactions and transit app services from 8am to early afternoon.
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Japan raises visa fees fivefold and triples departure tax starting July 1, 2026
Japan increased visa application fees and departure tax on July 1, 2026, while reducing passport fees for citizens.
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US July private sector job growth slows sharply; official report shows unexpected decline
ADP reported 44,000 private sector jobs added in July, while the official government data showed a 23,000 job loss.
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China imposes stricter export controls on drones and sanctions US companies in retaliation
China tightened drone export controls and sanctioned six to seven US firms on August 5, 2026, amid escalating trade tensions with the US.
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ECB keeps interest rates steady but signals possible September hike amid Middle East energy shock
The European Central Bank held rates unchanged on July 23, citing uncertainty over inflation from Middle East energy disruptions.
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Asia-Pacific online scams caused up to $114 billion in losses in 2025, UN reports
Asia-Pacific residents lost between $88.3 billion and $114.1 billion to online scams in 2025, tripling losses from 2023, the UNODC said.
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DeepSeek Founder Liang Wenfeng Becomes World's Richest AI Model Creator
DeepSeek founder Liang Wenfeng's net worth doubled to $36 billion after a $7.4 billion funding round in June 2026.
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South Korea announces record 2027 budget over 800 trillion won amid AI chip boom and raises 2026 growth forecast to 3%
South Korea plans a record 2027 budget exceeding 800 trillion won, driven by rising AI chip tax revenues and raises 2026 GDP growth forecast to 3%.
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South Korean police raid Starbucks Korea HQ over 'Tank Day' marketing controversy
On August 5, 2026, Seoul police raided Starbucks Korea headquarters amid an investigation of the controversial 'Tank Day' campaign from May 2026.
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Jetstar to charge for overhead carry-on bags starting February 2027
Jetstar will charge passengers for carry-on bags stored in overhead lockers from February 2027, offering one free personal item per booking.
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Microsoft reports $90 billion revenue in Q4 2026 as Azure surpasses $100 billion annual revenue
Microsoft posted $90 billion in Q4 2026 revenue with Azure cloud exceeding $100 billion in annual revenue for the first time.
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Global tech and semiconductor stocks plunge on AI concerns and China chip tech rise
On July 28, global semiconductor shares fell sharply amid worries over AI investment and new Chinese chip technology advancements.
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South Korean Kospi plunges over 18% in two days amid chipmaker selloff, trading halts triggered
South Korea’s Kospi index fell over 18% across July 28-29, led by sharp drops in SK Hynix and Samsung Electronics shares, triggering consecutive trading halts.
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South Korea to Create Future Fund from Semiconductor Tax Windfall to Boost Growth and Cut Inequality
South Korea will establish a Future Response Fund using excess semiconductor tax revenues to finance mega projects and support youth by tackling economic inequality.
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US Job Growth Slows Sharply in June 2026 as Unemployment Rate Falls to 4.2%
US economy added 57,000 nonfarm jobs in June 2026, below forecasts, while unemployment dropped to 4.2%.
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EU imposes €3 customs charge on low-value e-commerce parcels from July 1, 2026
The European Union began charging a €3 customs fee per product category on low-value parcels under €150 from non-EU countries on July 1, 2026.
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Japanese yen hits 40-year low near 163 per US dollar amid US-Iran tensions
The Japanese yen fell past 163 per US dollar for the first time since 1986 as US-Iran tensions push oil prices up and strengthen the dollar.
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HKEX explores removing lunch break and extending trading hours to align with global markets
Hong Kong Exchanges & Clearing is considering ending the midday lunch break, starting trading earlier, and adding evening sessions for select stocks.
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UK Government Fully Nationalises British Steel, Ending Jingye Group Ownership
The UK government nationalised British Steel on July 16, 2026, taking control from Chinese owner Jingye Group to protect jobs and steel production.
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IMF cuts 2026 global growth forecast to 3% citing Middle East war and trade risks
The IMF lowered its 2026 global GDP growth forecast to 3.0% amid Middle East conflict and raised inflation outlook, warning of ongoing economic risks.
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OPEC+ agrees to raise oil output by 188,000 barrels per day starting August 2026
OPEC+ members agreed on July 5, 2026, to increase oil production targets by 188,000 barrels per day beginning in August.
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Palantir reports 93% revenue rise in Q2 2026 and lifts full-year outlook
Palantir’s Q2 2026 revenue rose 93% to $1.94 billion, beating estimates, and it raised full-year revenue guidance to $8.15 billion–$8.16 billion.