See phones get grabbed and police bust suspected smuggling gang

In August, the Chinese smartphone market experienced a modest growth of 1.3%, indicating a slight recovery in consumer demand. This growth is significant as it reflects the resilience of the market amidst ongoing economic challenges and competition. It suggests that consumers are beginning to invest in new devices, which could lead to further innovation and improvements in technology.

In August, the Chinese smartphone market experienced a modest growth of 1.3%, indicating a slight recovery in consumer demand. This growth is significant as it reflects the resilience of the market amidst ongoing economic challenges and competition. It suggests that consumers are beginning to invest in new devices, which could lead to further innovation and improvements in technology.

Bank of America has projected that China's GDP growth for the third quarter will slow to 4.5%, primarily due to a high base effect from the previous year. This slowdown is significant as it reflects the challenges the Chinese economy faces in maintaining momentum, which could have broader implications for global markets and trade. Investors and policymakers will be closely monitoring these developments to gauge the health of one of the world's largest economies.

Bank of America has projected that China's GDP growth for the third quarter will slow to 4.5%, primarily due to a high base effect from the previous year. This slowdown is significant as it reflects the challenges the Chinese economy faces in maintaining momentum, which could have broader implications for global markets and trade. Investors and policymakers will be closely monitoring these developments to gauge the health of one of the world's largest economies.

The ongoing conflict between Ferretti SpA, an Italian luxury yacht manufacturer, and its leading Chinese investor has resurfaced, drawing attention to the company's internal struggles just over a year after a significant spying scandal. This feud highlights the challenges faced by international businesses in managing diverse stakeholder interests and raises questions about corporate governance and leadership dynamics in the luxury sector.

The ongoing conflict between Ferretti SpA, an Italian luxury yacht manufacturer, and its leading Chinese investor has resurfaced, drawing attention to the company's internal struggles just over a year after a significant spying scandal. This feud highlights the challenges faced by international businesses in managing diverse stakeholder interests and raises questions about corporate governance and leadership dynamics in the luxury sector.

ASML Holding NV's shares took a hit after a US House panel criticized the company for allegedly supporting China's semiconductor industry. This accusation raises concerns about potential new export controls on ASML's lithography machines, which are crucial for chip manufacturing. The situation is significant as it highlights the ongoing tensions between the US and China over technology and trade, potentially impacting ASML's business and the global semiconductor market.

ASML Holding NV's shares took a hit after a US House panel criticized the company for allegedly supporting China's semiconductor industry. This accusation raises concerns about potential new export controls on ASML's lithography machines, which are crucial for chip manufacturing. The situation is significant as it highlights the ongoing tensions between the US and China over technology and trade, potentially impacting ASML's business and the global semiconductor market.

BMW's shares have taken a hit following a revised profit forecast, primarily due to increasing tariffs and a slowdown in the Chinese market. This is significant as it highlights the challenges faced by global automakers in navigating trade tensions and economic fluctuations, particularly in one of their largest markets. Investors are concerned about the potential long-term impact on BMW's profitability and market position.

BMW's shares have taken a hit following a revised profit forecast, primarily due to increasing tariffs and a slowdown in the Chinese market. This is significant as it highlights the challenges faced by global automakers in navigating trade tensions and economic fluctuations, particularly in one of their largest markets. Investors are concerned about the potential long-term impact on BMW's profitability and market position.

BMW has revised its outlook for 2025 downward after failing to meet sales targets in China, leading to a significant 7% drop in its stock price. This news is concerning as it highlights the challenges the company faces in one of its largest markets, which could impact its overall financial health and investor confidence. The shift in expectations may also reflect broader trends in the automotive industry, particularly regarding consumer demand and competition.

BMW has revised its outlook for 2025 downward after failing to meet sales targets in China, leading to a significant 7% drop in its stock price. This news is concerning as it highlights the challenges the company faces in one of its largest markets, which could impact its overall financial health and investor confidence. The shift in expectations may also reflect broader trends in the automotive industry, particularly regarding consumer demand and competition.

The CEO of British American Tobacco is advocating for stricter regulations on the vaping industry, suggesting that allowing more advertising could actually help smokers quit traditional cigarettes. This perspective highlights a potential shift in how vaping is viewed as a smoking cessation tool, which could lead to more smokers considering vaping as a viable alternative. It’s an important conversation as public health policies evolve to address smoking-related issues.

Spot gold has reached a historic milestone, surpassing $4,000 for the first time, reflecting a significant 50% increase this year, driven by central bank purchases and ongoing political instability. This surge in gold prices is noteworthy as it indicates a growing trend among investors seeking safe-haven assets amid economic uncertainty. Meanwhile, Vertu Motors has reported a £5.5 million profit hit due to disruptions from Jaguar Land Rover, highlighting challenges in the automotive sector. The retirement of Peter Hargreaves, co-founder of Hargreaves Lansdown, adds another layer of change in the investment landscape.

Mizuho has lowered its stock price target for Shift4 Payments due to international headwinds affecting the company's performance. This adjustment reflects concerns about the challenges Shift4 may face in global markets, which could impact its growth and profitability. Investors should pay attention to these developments as they could influence the stock's future trajectory.

RBC Capital has raised its price target for Select Medical's stock to $20, citing recent regulatory relief as a key factor. This adjustment reflects growing confidence in the company's future performance and highlights the positive impact of regulatory changes on its operations. Investors may see this as a promising sign for Select Medical's growth potential.

Mizuho has lowered its price target for Corteva's stock to $78 following the company's announcement of a stock split. This adjustment reflects concerns about the potential impact of the split on investor confidence and market performance. Investors should pay attention to how this change might affect Corteva's stock in the coming months, as it could influence trading strategies and overall market sentiment.

Zenas Biopharma has successfully licensed three promising autoimmune candidates from InnoCare, marking a significant step forward in their development pipeline. This collaboration not only enhances Zenas's portfolio but also underscores the growing importance of innovative treatments in the autoimmune space. The partnership is expected to accelerate research and bring new therapies to patients in need, highlighting the potential for improved health outcomes.