Day: June 26, 2025

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Xiaomi’s shares hit a record high after the Beijing-based smartphone maker said it received 200,000 pre-orders for its latest electric vehicle in three minutes, threatening the positions of BYD, Tesla and other carmakers competing in China’s cut-throat market. The Chinese group’s Hong Kong-listed shares rose 8 per cent after the market opened on Friday to an all-time high of HK$61.45 (US$7.83) before paring gains to trade up 3 per cent.…

As he took the stage to open the World Economic Forum in Tianjin this week, China’s second-in-command Li Qiang drew a direct comparison to the first such event in the city during the global financial crisis of 2008. “People felt disoriented and anxious, not knowing whether the world economy could emerge from the difficult situation and where it was heading,” the Chinese premier said. “History often rhymes,” he added. This year’s “Summer Davos” — China’s answer to the annual winter meeting of business leaders and heads of state in Switzerland…

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. South Korean band BTS is set to reunite after its members completed their military service, fuelling excitement about a new album that analysts hope will reinvigorate K-pop, one of the country’s biggest cultural exports.  Five members of the band — RM, V, Jimin, Jung Kook and Suga — were discharged from military service this month, joining j-hope and Jin, whose service ended last year. “Thank you for your patience,” Suga wrote…

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. South Korean band BTS are set to reunite after completing their military service, fuelling excitement about a new album that analysts hope will reinvigorate K-pop, one of the country’s biggest cultural exports.  Five members of the band — RM, V, Jimin, Jungkook and Suga — were discharged from military service this month, joining the two whose service ended last year. “Thank you for your patience,” Suga wrote in a social media…

This article is an on-site version of the India Business Briefing newsletter. To receive it in your inbox regularly, sign up if you’re a premium subscriber, or upgrade your subscription here. Good morning. This week, quite a few of you wrote in with your experiences and concerns for Air India. While almost everyone has experienced some difficulties on board (the broken entertainment system seems to be a consistent feature), the overwhelming sense was hope for a better future. Indians, rightly, want the national carrier to be successful, something we can be…