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PBOC's Pan told the NPC Standing Committee the report reviewed financial work since Oct 2025 and assessed current economic and financial challenges. He said the central bank will continue to implement a moderately loose monetary policy to support sus

2026-11-03

PBOC's Pan told the NPC Standing Committee the report reviewed financial work since Oct 2025 and assessed current economic and financial challenges. He said the central bank will continue to implement a moderately loose monetary policy to support sustained, higher-quality growth; further strengthen and improve financial regulation to boost supervisory effectiveness; deploy monetary policy tools to support capital markets and consolidate market-stabilization mechanisms; and maintain stability in equities, bonds and FX markets while upholding the bottom line against systemic financial risk.

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2026-11-03

Apple reported a 12% increase in revenue for the quarter ending in September, slightly exceeding Wall Street expectations. Its closely watched gross margin of 47.9% also slightly beat analysts' expectations. However, Apple's high-margin services busi

Apple reported a 12% increase in revenue for the quarter ending in September, slightly exceeding Wall Street expectations. Its closely watched gross margin of 47.9% also slightly beat analysts' expectations. However, Apple's high-margin services business continued to slow. Its stock fell 4% in after-hours trading as guidance from executives suggested that price increases protecting this quarter might not be enough to sustain the market for the next few quarters. As devices become increasingly expensive, Apple needs to give people a reason to buy its products. Without compelling new features, a major question is whether consumers will upgrade their iPhones less frequently. Apple will need to find new growth avenues as a reliable growth engine under Cook—its services business—is slowing. Global courts and regulators have limited Apple's ability to charge developers hefty app distribution fees through the App Store, the largest component of the company's services segment, and one of its revenue sources is ChatGPT. Around the time Apple accused OpenAI of stealing trade secrets this summer, OpenAI began directing potential subscribers to its website to pay instead of through the App Store, thus bypassing Apple's payment hurdle.
2026-11-03

Iranian Ambassador to Egypt: (Regarding potential proposals) Any information received through official channels will be carefully considered and responded to through the same channels.

Iranian Ambassador to Egypt: (Regarding potential proposals) Any information received through official channels will be carefully considered and responded to through the same channels.
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