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The Latest Breaking News from China

Ford Gets $9.2B Loan From US Government To Build 3 EV Battery Factories

The end goal of this massive undertaking is to build a reliable domestic supply chain while reducing America’s reliance on China when it comes to building EVs.

InsideEVs

AP News Digest 3:15 am

Here are the AP’s latest coverage plans, top stories and promotable content. All times EDT. For up-to-the minute information on AP’s coverage, visit Coverage Plan.

The Independent UK

Democratic backsliding, counter to China: How US media looked at Modi’s visit

Amid prime minister Narendra Modi’s four-day state visit to the US, most of the western media was riveted on his journey from being prohibited from visiting the country for almost 10 years for “severe violations of religious freedom” to US president Joe Biden rolling out the red carpet for him…

Newslaundry

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China reportedly rebukes US ambassador after Biden called Xi a ‘dictator’

US president sought to play down the impact of his comments, saying ‘I don’t think it’s had any real consequence’

The Guardian - AU

Chinese human rights lawyer chased out of 13 homes in 2 months as pressure rises on legal advocates

A disbarred Chinese human rights lawyer has been forced to move 13 times in two months as part of a pattern of harassment against him and three other prominent rights advocates in Beijing that is further squeezing China’s battered civil rights community

The Independent UK

Beijing records hottest June day since weather records began as heatwave hits China

Nanjiao weather station in southern Beijing hits 41.1C, half a degree higher than the station’s previous monthly record

The Guardian - AU

Sorry prime minister, Joe Biden was right – Xi Jinping really is a ‘dictator’

It’s not every day that a New Zealand prime minister takes China’s side in a disagreement between Washington and Beijing over whether the leader of China is a dictator.

The Conversation

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Nervous wait for Chinese students as ‘gaokao’ results released

High stakes examinations have been a feature of Chinese life for thousands of years.

Al Jazeera

Once banned from entering the U.S., Indian Prime Minister Narendra Modi is now signing deals in defense and chips with President Joe Biden

The two superpowers are talking cooperation on many fronts, ushering in a new era of "strong, closer and more dynamic" ties.

Fortune

Citi CEO Jane Fraser ‘certainly’ sees a slowdown, but big banks remain in ‘very strong health’

Citigroup is halfway through a turnaround that’s aiming to simplify the bank’s core business structure.

Fortune

Biden defends calling China’s Xi a ‘dictator’ during fundraiser

Comment came after both China and US hailed progress at lowering tensions after top US diplomat’s recent Beijing visit.

Al Jazeera

As Biden, Modi meet, a flurry of US and India deals

A slew of deals, including landmark decision for GE to jointly make in India engines for fighter jets, were announced.

Al Jazeera

Steps urged to reassure travellers

Potential visitors from China are more concerned about tourist scams than political uncertainty in Thailand, while a slow economic recovery on the mainland could affect this market somewhat, according to the Association of Thai Travel Agents (Atta).

Bangkok Post

Biden and Modi hail new era for India, US relations

Joe Biden has hailed a new era in the US-India relationship after rolling out the White House red carpet for Indian PM Narendra Modi

The New Daily

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Bangkok Post

Dismissing tensions, Biden expects to see Xi despite 'dictators' jab

WASHINGTON - US President Joe Biden voiced confidence Thursday that he would meet Xi Jinping soon, as he refused to back down after angering Beijing by likening the Chinese leader to "dictators."

Roll Call

Modi's speech draws mixed lawmaker response amid rights concerns - Roll Call

Prime Minister Modi drew strong applause from lawmakers when he spoke of close U.S.-Indian ties, but otherwise had a mixed reception.

The Independent UK

Debt-plagued Zambia reaches deal with China, other nations to rework $6.3B in loans, French say

The French government says that Zambia has reached a deal with China and several other government creditors to restructure $6.3 billion in loans

Newsroom.co.nz

Singapore points the way for NZ to avoid geopolitical conflict

As the PM visits China and prepares to go to the EU, he should consider the merits of resilient multi-engagement, which Singapore has been rather adept at, argues Stephen Jacobi

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Tom’s Hardware

SK Hynix 48 GB SODIMMs Hit Retail in China

SK hynix 48 GB DDR5 SODIMM modules hit Taobao in China, with the modules priced at about $165.

Motor1

2024 Ford Explorer Drops Camo, Unofficially Revealed In New Spy Photos

We also see the interior, and while the overall refresh is similar to the Explorer sold in China, it's not identical.

Barchart

Crude Oil Prices Fall Sharply on Hawkish Central Banks

August WTI crude oil (CLQ23 ) today is down -2.59 (-3.57%), and Aug RBOB gasoline (RBQ23 ) is down -0.0684 (-2.69%). July natural gas (NGQ23 ) is down -0.032 (-1.23%). Crude oil and gasoline prices are sharply lower on concern about the global economic outlook due to hawkish global central...

TechRadar

Chinese firms getting rid of 64-core AMD CPUs in EPYC $1,000 bonfire sale

Hyperscalers from China are definitely replacing their old gear - but with what?

The Conversation

Ukraine war: failed African peace mission underscores need for more powerful political and military pressure on Putin

African peace missions to Ukraine and Russia last week came up empty-handed. Led by South Africa’s president Cyril Ramaphosa, the delegation included leaders and senior officials from Congo-Brazzaville, Comoros, Egypt, Senegal, Uganda and Zambia.

The Conversation

A BRICS currency is unlikely to dislodge dollar any time soon – but it signifies growing challenge to established economic order

Could a new currency be set to challenge the dominance of the dollar? Perhaps, but that may not be the point.

Daily Mirror

Scientists discover TWO new coronaviruses hidden in bats sparking fresh pandemic fears

Amid ongoing scientific debates around the origins of the Covid pandemic, one new paper out of China has discovered two new coronaviruses as they argue it naturally emerged and didn't leak from a lab

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