South Korea avoids technical recession as GDP expands 0.6% in second quarter

South Korea avoids technical recession as GDP expands 0.6% in second quarter

View across the Hangang River in Seoul, South Korea. Universal History Archive | Universal Images Group | Getty Images South Korea avoided a technical recession as its economy expanded 0.6% from the previous quarter, according to advance estimates, beating expectations. This was higher than the 0.5% expected by economists polled by Reuters, and a reversal…

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Japan’s Ishiba denies reports suggesting he could resign as prime minister

Japan’s Ishiba denies reports suggesting he could resign as prime minister

Japan’s Prime Minister Shigeru Ishiba addresses the media at the vote counting center in the Liberal Democratic Party headquarters in Tokyo on July 20, 2025. Franck Robichon | Afp | Getty Images Japan’s embattled Prime Minister Shigeru Ishiba has denied media reports that he was considering resigning, according to Reuters. Local media outlets earlier in…

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Reform, not relief, for China

Reform, not relief, for China

Aerial view of a villager drying Chinese fan palm leaves on July 21, 2025 in Neijiang, Sichuan province of China. Vcg | Visual China Group | Getty Images This report is from this week’s CNBC’s The China Connection newsletter, which brings you insights and analysis on what’s driving the world’s second-largest economy. Each week, we’ll…

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Germany’s SAP flags U.S. trade hit but says Japan deal gives ‘hope’

Germany’s SAP flags U.S. trade hit but says Japan deal gives ‘hope’

A person holds a smartphone displaying the logo of SAP, a German multinational software corporation known for its enterprise resource planning solutions. Cheng Xin | Getty Images News | Getty Images German software giant SAP said Wednesday that U.S. tariff tensions were slowing down its customers’ decision-making, but that the Japan trade deal announced Tuesday…

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China’s tech talent making big strides in AI, creating apps for world

China’s tech talent making big strides in AI, creating apps for world

San Francisco-based AI design app Lovart officially launched Wednesday, with North American users in focus. Lovart BEIJING — Chinese developers are powering some of the latest artificial intelligence tools aimed at a global market. Melvin Chen moved to San Francisco from China to co-found AI design startup Lovart, which officially launched Wednesday — after claiming…

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