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China's foreign ministry on Sept. 16 said it noted an open letter from industry group Connect Europe and 17 European telco chiefs warn that the European Commission's proposed Cybersecurity Act revisions could force carriers to spend about €40bn on eq

2026-09-16

China's foreign ministry on Sept. 16 said it noted an open letter from industry group Connect Europe and 17 European telco chiefs warn that the European Commission's proposed Cybersecurity Act revisions could force carriers to spend about €40bn on equipment replacement and, by some estimates, cost the EU more than €360bn over the next five years. Beijing said such protectionist measures would undermine digital investment, damage market openness and investors confidence, and urged the EU to avoid discriminatory restrictions.

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2026-09-16

The South Korean KOSPI index broke through 6,700 points, rising 1.11% on the day.

The South Korean KOSPI index broke through 6,700 points, rising 1.11% on the day.
2026-09-16

U.S. retail sales rose 1.2% in August, the largest monthly increase in five months and well above Wall Street estimates, the U.S. government said Wednesday. Auto-dealer receipts and higher energy prices lifted gas-station takings, but sales excluding

U.S. retail sales rose 1.2% in August, the largest monthly increase in five months and well above Wall Street estimates, the U.S. government said Wednesday. Auto-dealer receipts and higher energy prices lifted gas-station takings, but sales excluding autos and gasoline still showed solid gains; e-commerce and food services were the biggest sectoral contributors. Retail receipts are up about 6% YoY, well above long-run averages, though inflation has eroded real sales growth — once price effects are removed the increase is notably smaller. Given consumer spending’s central role in GDP, the data signal continued summer strength in demand, while persistent high inflation could sustain pressure on household budgets.
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