Legacy foreign automakers once held the keys to China’s car market, but the 2026 Beijing Auto Show reveals a dramatic power shift. From onboard cinemas to built-in toilets, domestic EV makers are winning over consumers with rapid-fire tech innovation and aggressive pricing. From the show floor in Beijing, Bloomberg’s Stephen Engle finds that as Western brands scramble to partner with local rivals to survive, China is now firmly in the driver’s seat. (Source: Bloomberg)

The company’s streaming service has lost more than $11 billion and can’t keep customers form canceling

The Canadian province of Manitoba plans to prohibit young people from accessing social media and artificial intelligence chatbots, its leader said.

The Italian government decided to extradite a Chinese man wanted by the US on hacking charges, people familiar with the matter said on Sunday.

Also: John Ternus talks AI and services with employees.

US equity-index futures dropped and crude oil rose after peace talks between the US and Iran stalled, prolonging the closure of the Strait of Hormuz.

Asian companies are heading into the busiest week of the current earnings season, offering investors an early glimpse of how the Iran war has affected financial results.

Oil gained after efforts to resume peace talks over the Iran war stalled, with the vital Strait of Hormuz remaining effectively closed, extending disruptions in the Middle East that have roiled global markets.

Gold fell after efforts to resume peace talks between the US and Iran stalled and energy flows via the Strait of Hormuz remained choked, two months into a war that’s upended global markets and raised inflation risks.

<p>As a breakthrough proves elusive in the quest to deploy the nascent technology and boost earnings, global finance is divided on how to proceed.</p>