china

Typhoon Matmo roared ashore in northern Philippines on Friday, strengthening as it hit and threatening to unleash torrential rains—just as the country struggles to recover from two deadly storms in the past two weeks.

China’s massive electric-vehicle insurance market is reeling, with losses mounting as insurers’ risk models struggle to keep pace with shifting vehicle economics and changing driver habits.

U.S. Treasury Secretary Scott Bessent announced after weekend trade talks in Spain that Washington and Beijing have struck a framework agreement on the ownership of the wildly popular social video platform TikTok.