Alphabet Earnings Surge on AI Growth, Cloud Revenue, and Strong Search Performance 
China’s Ultra-Cheap EV Boom: Why Electric Cars Cost Far Less Than in the U.S. 
Novartis Q1 2026 Earnings Miss Expectations as Generic Competition Pressures Sales 
Seagate Stock Surges After Strong Q3 Earnings Beat and Bullish Outlook 
Starbucks Raises 2026 Outlook as Turnaround Strategy Boosts Sales and Earnings 
T-Mobile Beats Q1 Earnings Expectations on Strong Postpaid Growth 
AstraZeneca Q1 2026 Earnings Surge on Strong Oncology and Rare Disease Drug Sales 
Google Secures Pentagon AI Deal for Classified Projects 
Amazon Stock Dips Despite Record Earnings as AI Infrastructure Spending Surges 
WuXi AppTec Stock Surges on Strong Q1 Earnings and CRDMO Demand Growth 
Air Liquide Q1 Revenue Misses Estimates Amid Currency and Energy Headwinds 
Why Paycom Was Named a 2026 Platinum Employer on the Where You Work Matters List 
Lightelligence IPO Soars Over 400% in Hong Kong Debut Amid Rising AI Investment Demand 
Micro Systemation Reports Q1 Loss Amid Strategic Investments and Revenue Growth 
Pershing Square Raises $5 Billion in Landmark U.S. IPO and Share Placement 
TSMC Exits Arm Holdings with $231 Million Share Sale Amid Strategic Portfolio Shift 
The purchasing managers' index (PMI) for China's non-manufacturing sector dropped from the 56.4 it posted in November to 55.7 in December according to the National Bureau of Statistics (NBS). It has remained above 50 for 10 consecutive months.
A reading below 50 reflects contraction.
The service sector experienced a slower recovery, with the sub-index for business activities standing down to 54.8 in December from 55.7 in November.
The construction industry experienced robust growth with its sub-index for business activities increasing from 60.5 in November to 60.7 in December.
Meanwhile, the sub-indexes for business activities of telecommunications and satellite transmission, civil aviation, and financial services, remained above 60.
China has reduced taxes and fees and provided firms with low-cost loans to help them tide over difficulties brought by the pandemic.
