China is the largest oil importer by far from Saudi Arabia and from Iran, highlighting the risk it faces if the war in Israel and Gaza were to broaden.

The deal is Exxon’s largest since its merger with Mobil in the late 1990s and is the biggest corporate transaction so far this year.

Chip makers Samsung, SK Hynix and TSMC can maintain their operations in China for the foreseeable future, but significant tech upgrades could prove difficult.

The troubles of China’s largest private property developer still standing won’t be enough to spark a broader Chinese debt crisis but it could undermine Beijing’s attempts to put a floor under the housing market.

The latest results from Louis Vuitton owner LVMH show that luxury shoppers are sobering up after years of heavy spending.

Social networks are under pressure to remove misinformation and grisly imagery from their platforms. A European regulator has warned Elon Musk’s X about its policies.

The Treasury secretary said that she is not yet seeing an economic impact from the Israel-Gaza war.

The acquisition of Pioneer Natural Resources, Exxon’s largest since its merger with Mobil in 1999, increases the company’s presence in the Permian basin in Texas and New Mexico.

Hotel ‘junk fees’ are becoming an increasingly annoying part of the travel experience. New proposals before Congress take aim at them.

Two planes were moments from colliding in Texas, a harrowing example of the country’s fraying air safety system, a New York Times investigation found.