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The Latest Breaking News from China

What TikTok ban? Brands actually increased their ad spending on the app last month despite a high-profile congressional hearing

TikTok, owned by Beijing-based ByteDance, has become a key advertising platform in the West and also a flashpoint in the ongoing U.S.-China tussle.

Fortune

Crude Prices Modestly Lower on Dollar Strength and Economic Concerns

May WTI crude oil (CLK23 ) this morning is down -0.14 (-0.17%), and May RBOB gasoline (RBJ23 ) is down -0.17 (-0.06%). May Nymex natural gas (NGK23 ) is down -0.065 (-3.02%). Crude oil and gasoline prices this morning are slightly lower. A stronger dollar today is undercutting energy prices....

Barchart

Sales rise at Jaguar Land Rover after 'gradual improvement in chip supply constraints'

JLR is expected to report its fourth quarter and full-year results in May

Birmingham Post

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South Korean president invited to address US Congress

U.S. congressional leaders have invited the president of South Korea to address a joint meeting this month

The Independent UK

Daily Dose Ep 1320: Budget session ends, RBI keeps repo rate unchanged

Gurmehar Kaur brings you news from Delhi, Kerala, and China.

Newslaundry

EU foreign policy chief Borrell to visit China next week

European Union foreign policy chief Josep Borrell will visit China next week, continuing a flurry of trips to Beijing by senior European officials.

Reuters

Macron urges Xi to bring Putin ‘back to reason’ over Ukraine

French President Emmanuel Macron urged Xi Jinping to use his influence to help restore peace to Ukraine, saying the Chinese leader could bring all sides together to discuss a way to end the Russian invasion.

Tribune News Service

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Macron says he's counting on Xi Jinping to 'bring Russia to its senses'

French President Emmanuel Macron said on Thursday he is counting on his Chinese counterpart Xi Jinping to "bring Russia to its senses" over Moscow's war in Ukraine.

Radio France Internationale

French source says China ready to work on Ukraine peace, details scant

China is ready to work together with France on obtaining a negotiated end to the war in Ukraine, a French diplomatic source said on Thursday after President Emmanuel Macron held talks with his Chinese counterpart Xi Jinping.

Reuters

Ukraine war: the lessons from the Northern Ireland peace process

As the French and Chinese presidents, Emmanuel Macron and Xi Jinping, were discussing the need for more constructive international engagement to end the war in Ukraine, it emerged this week that Ukraine, too, was open to reconsidering its options. A top adviser to Ukraine’s president, Volodymyr Zelensky, noted that Kyiv…

The Conversation

Markets Today: Stock Indexes Slip as U.S. Jobless Claims Signal a Weaker Labor Market

Morning Markets June S&P 500 futures (ESM2 3) this morning are down -0.12%, and June Nasdaq 100 E-Mini futures (NQM2 3) are down -0.37%. U.S. stock index futures this morning are modestly lower after today’s weekly jobless claims showed the U.S. labor market continues to soften. Continuing claims, which include...

Barchart

Podcast: France and China, menstrual leave, the 'Picasso Papers'

France's evolving relationship with China; allowing women time off for period pain; and why artist Pablo Picasso never became French.

Radio France Internationale

France implores China to ‘bring Russia to its senses’ on Ukraine

France’s president, accompanied by the European Commission chief, says he wants to ‘be a voice that unites Europe’.

Al Jazeera

Ai Weiwei at the Design Museum: “We’re building a society on greed and selfishness”

‘I always pay attention to all the refugee situations, not because I’m a refugee, but I’m trying to see where our humanity is going to be... those boats carry our trust in humanity’

Evening Standard

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Caixin Global

Opinion: Connecting to the GRID of Forces Driving China’s Economy

Opportunities abound for private Chinese and foreign companies to capitalize on the country’s new growth strategy, despite widely perceived challenges

Reuters

Italian drugs cartels conceal payments via Chinese shadow banks

Drugs cartels operating in Italy are increasingly using shadow networks of unlicensed Chinese money brokers to conceal cross-border payments, according to Italian judicial and law enforcement authorities.

Reuters

Exclusive-China plans $500 million subsea internet cable to rival U.S.-backed project

Chinese state-owned telecom firms are developing a $500 million undersea fiber-optic internet cable network that would link Asia, the Middle East and Europe to rival a similar U.S.-backed project, four people involved in the deal told Reuters. The plan is a sign that an intensifying tech war between Beijing and…

The Guardian - UK

Macron urges Xi to bring Russia ‘back to reason’ over Ukraine

French president makes plea as two leaders hold first of series of high-level meetings in Beijing

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news in one place.

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Barchart

S&P Futures Muted as Investors Await Key U.S. Payrolls Data, Recession Fears Intensify

June S&P 500 futures (ESM23) are trending down -0.08% this morning after three major U.S. benchmark indices ended the regular session mixed as weaker-than-estimated economic data fueled worries that the Federal Reserve’s rate-hike campaign could push the U.S. economy into a recession, while investor focus shifted to key Friday’s U.S.…

The Independent UK

Iran and Saudi Arabia to open up travel, normalise diplomatic ties in major breakthrough at Beijing talks

China says it supports Middle Eastern countries in upholding their strategic independence

Reuters

Analysis-Taiwan braces for new China pressure tactic in disputed strait

Taiwan officials and defence analysts are bracing for intensifying pressure on the "median line" that has for decades helped keep the peace in the Taiwan Strait as China begins inspecting civilian shipping across the waterway.

Reuters

China supports Middle East countries in upholding strategic independence, foreign minister says

China supports countries in the Middle East in upholding their strategic independence, getting rid of external "interference", and keeping the region's future in their own hands, China's Foreign Minister Qin Gang said on Thursday.

Asharq Al-Awsat

Saudi Arabia, Iran to Launch Arrangements on Reopening of Embassies and Consulates

Saudi Arabia and Iran said in a joint statement on Thursday that their agreement in Beijing last month would help bring "security and stability" to the Middle East, adding that they would launch arrangements to reopen missions within the two-month period stipulated in the deal. Riyadh and Tehran agreed to…

Al Jazeera

Wagner advances in Bakhmut as Ukraine gears up for counterattack

Russian mercenaries say they have seized the centre of Bakhmut as Ukraine’s troops train for new offensives.

The Week

The truth behind China’s ‘world-leading’ scientific research

China has for the first time become the world’s leading producer of high-quality scientific research, according to a Japanese study.

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