Inside the Panama Canal’s mega-project plan to engineer its way through a severe drought future

After a historic drought that paralyzed vessel transits through the Panama Canal, the Panama Canal Authority is moving ahead with major investments in new infrastructure to mitigate future droughts and the risk of low water levels that in recent years plagued the key global trade gateway. The Panama Canal depends on fresh water for its…

Japan’s Nikkei 225 hits a new high as SoftBank surges nearly 10%

Japan’s benchmark Nikkei 225 led gains in Asia Thursday to notch a record high of 44,251.65, mirroring gains on Wall Street overnight on Fed-rate cut hopes and positive inflation data. One of Nikkei 255’s heavyweights, tech investment firm SoftBank Group, jumped nearly 10% to notch a second straight day of gains. Other top movers were…

CNBC’s The China Connection newsletter: A rival AI strategy

This report is from this week’s CNBC’s The China Connection newsletter, which brings you insights and analysis on what’s driving the world’s second-largest economy. Like what you see? You can subscribe here. The big story China is taking a lean and mean approach to artificial intelligence as the tech rivalry with the U.S. intensifies. In the…

Asia markets set to open mostly higher ahead of key China inflation data

The city skyline of Lujiazui Shanghai Center in China, on March 13, 2024. Cfoto | Future Publishing | Getty Images Asia-Pacific markets were set to open mostly higher Wednesday ahead of key August inflation data from China. The mainland’s August consumer price index is expected to fall 0.2% from the previous year, according to economists…

How young entrepreneurs are buying small businesses through an investment tool — and building wealth along the way

In 2023, a record number search funds were launched across the U.S. and Canada, according to a 2024 study by Stanford’s Graduate School of Business. Shapecharge | E+ | Getty Images Jason Jackson always wanted to be an entrepreneur, but he lacked the resources and ideas to start a business. So, when he discovered an…

Nidec shares plunge 22% as China unit probe finds accounting issues tied to management

Signage at the Nidec Corp. Qingdao Industrial Park in Qingdao, China, on July 9, 2025. Bloomberg | Bloomberg | Getty Images Shares of Nidec Corp plunged as much as 22.44% Thursday, after the company announced a probe into alleged improper accounting at one of its subsidiaries. The creation of an independent third-party committee comes after…