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Beijing's message is unmistakable: If Hainan can no longer thrive as a place for domestic shoppers to buy their perfume and handbags, it will have to become a place to process goods, attract overseas capital and experiment with a more open economic model.
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The deal, which has met with resistance from Hollywood unions and some state attorneys general, is now awaiting regulatory approval.
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The voluntary program could affect nearly 9,000 workers as the company trims headcount, revamps pay, and redirects resources toward its massive AI infrastructure buildout.
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Warner Bros shareholders approve Paramount's $81 billion takeover of the Hollywood giant AP NewsWarner Bros. Discovery shareholders approve Paramount takeover CNNWarner Bros. investors approve $110 billion sale to Paramount Skydance, following long battle with Netflix Yahoo FinanceWBD Shareholders Reject David Zaslav's Golden Parachute In Merger Deadline
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The vote brings the tech scion David Ellison one step closer to uniting some of the world's biggest news and entertainment properties.
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Meet the 19-metre octopus that prowled the ancient seas BBCA massive kraken-like octopus may have prowled the seas during the age of dinosaurs AP News‘Kraken-like' giant octopuses 100m years ago crunched bones of prey The Guardian62-foot octopus ruled the seas, ate 'Jurassic World' dino: Study New York PostScientists just discovered a 60-foot long, kraken-like octopus The Washington Post
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House GOP leaders racing for FISA deal PoliticoTrump suffers rare defeat with House Republicans on FISA AxiosUS Congress temporarily extends Fisa. What does foreign intelligence law do? BBCKeep Pushing: We Get 10 More Days to Reform Section 702 Electronic Frontier FoundationThree things to know about FISA Section 702: Congress passes short-term extension of controversial surveillance program
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Final 2026 NFL mock draft by Dane Brugler: Jeremiyah Love in top 5, Caleb Downs to Giants The New York Times10 Notable Players Who Could Be Cut or Traded Immediately After the 2026 NFL Draft Bleacher Report2026 NFL Draft Consensus Big Board: The Top 300 Players in the 2026 NFL Draft, According to 134 Analysts wideleft.footballBucky Brooks' top five 2026 NFL Draft prospects by position 3.0: Carson Beck climbs QB rankings NFL.com
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Rising prices risk deepening the country's deflationary trap rather than providing any escape from it
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Promise of excess yield and the "safety" of a bond lures retail investors — but what looks too good to be true often is.
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Contemporary Amperex Technology Co. Ltd. reported quarterly net income well short of analyst estimates as the global slowdown in electric vehicle sales starts to bite.
While net income for the third quarter ended Sept. 30 rose 26 percent to 13.1 billion yuan ($1.8 billion) versus the same period last year, that was a lot lower than the 14.7 billion yuan expected. Revenue shrank 12.5 percent to 92.3 billion yuan year-on-year, sharply down on projections for 118.4 billion yuan.
The world's largest maker of EV batteries is being hit as automakers from General Motors to Ford begin to scale back EV production plans and delay model launches. Countries like Japan and Germany, home to some of the largest automotive incumbents, have seen not just a slowdown in the growth rate, but an outright decline in EV sales.
CATL supplies many big name carmakers, including Tesla Inc.
Although the Chinese giant dwarfs competitors, it isn't alone in feeling the pain. The world's third largest battery maker, South Korea's LG Energy Solution Ltd., is likely to suffer its third consecutive quarterly profit decline, its most recent preliminary earnings show.
For the January to August period, CATL's global market share stood at 37.1 percent, up 1.6 percentage points on the same period of last year, data from SNE Research show. LG Energy's market share shrunk 2.3 percentage points to 12.1 percent.
CATL's greater control over its supply chain does at least wring more profit from its suppliers, helping to drive down costs. Bloomberg Intelligence has suggested that more global EV makers adopting cheaper lithium-iron-phosphate (LFP) batteries could help CATL gain market share overseas. The company's energy-storage business is also emergin
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