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The Latest Breaking News from China

All six tourists killed in fiery Yellowstone crash named by police

Six tourists from China, Italy and California were killed when a pickup truck collided with their van near Yellowstone National Park

The Independent UK

Consumer sentiment plummets to near-record lows—but stock markets remain unfazed

Sentiment readings dipped from 52.2 in April to 50.8 in May, according to new data from the University of Michigan.

Fortune

Crude Prices Settle Higher on Diminished Prospects for a US-Iran Nuclear Deal

June WTI crude oil (CLM25 ) Friday closed up +0.87 (+1.41%) and June RBOB gasoline (RBM25 ) closed up +0.0074 (+0.25%). Crude oil and gasoline prices on Friday settled higher after Iran's foreign minister expressed doubts about the status of nuclear talks with the US. Gains in crude were limited...

Barchart

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China's Lightweight Electric Sports Car Costs Less Than A Mazda Miata

China has the widest selection of electric vehicles to buy anywhere in the world. They come in all shapes and sizes, including ground-up sports cars like the Xiaomi-backed JMEV’s SC01, which is the electric equivalent of a Lotus Exige for Mazda Miata money.

InsideEVs

Crude Prices Rise on Doubts About a US-Iran Nuclear Deal

June WTI crude oil (CLM25 ) today is up +0.49 (+0.80%) and June RBOB gasoline (RBM25 ) is up +0.0012 (+0.06%). Crude oil and gasoline prices are moving higher today after Iran's foreign minister expressed doubts about the status of nuclear talks with the US. Gains in crude are limited...

Barchart

‘Arrogance': How U.S. Battery Inventions Supercharged China’s EVs

Believe it or not, the first rechargeable lithium-ion batteries were invented in the U.S. Even Early nickel-manganese-cobalt (NMC) cathodes were developed at Argonne National Laboratory. The lithium-iron-phosphate (LFP) battery, too, originated in the U.S., with foundational work led by battery pioneer John Goodenough at the University of Texas at Austin.

InsideEVs

UK Peppa Pig toy firm says trading ‘uncertain’ as US-China shipments on hold

London-listed Character Group paused shipping Chinese-made goods in April due to Donald Trump tariffs

The Guardian - UK

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More iPhones are now being made in India. Trump says that’s a problem

The US President has an issue with Apple's strategy to shift iPhone manufacturing

Digital Camera World

Alibaba's Earnings Just Changed Everything for the Stock

Alibaba's new quarterly results show investors why this Chinese stock is above all others, defying the risks and uncertainty played by tariffs.

MarketBeat

Congress wants geotracking tech in high-end GPUs to keep them out of China's clutches

American chip exports could come with geotracking capabilities to prevent diversions to and misuse in countries of concern.

TechRadar

Has India offered Trump zero tariffs? What we know and why it matters

President Trump said India has made an offer to drop tariffs on US goods as part of ongoing trade negotiations.

Al Jazeera

US and China need a space hotline for orbital emergencies, experts say

The Council on Foreign Relations released a new report calling for the United States to make space a top national priority.

Space

First Thing: Trump agrees deal for UAE to build largest AI campus outside US

Concerns China could access the technology. Plus, James Comey investigated over photo of seashells

The Guardian - UK

If the U.S.-China Trade Reset Holds, These 3 Stocks Could Fly

These three Chinese stocks are having strong years, but may be among the biggest beneficiaries of a trade deal between the U.S. and China

MarketBeat

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Motorsport

Frederic Vasseur defends Ferrari F1 technical director amid lack of performance

“It's basically the same as it's been for three years,” Ferrari team principal Frederic Vasseur said of Ferrari’s engineering setup while facing questions from the media ahead of the 2025 Imola GP. “We've made some mistakes with the car, but we know where to improve.” The line of questioning directed at Vasseur…

Autosport

"When he arrived, the SF-25 was already defined" - Vasseur defends Ferrari F1 technical director

Tom’s Hardware

Trump administration could add CXMT and other Chinese chipmakers to ever-expanding export blacklist

A new report claims Washington is considering adding a number of Chinese chipmakers to its export blacklist.

Fortune

Jamie Dimon says it would be a 'mistake' to think deescalation from Trump's White House means volatility is over

JPMorgan Chase CEO Jamie Dimon remains bullish on America despite concerns that volatility may continue.

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Barchart

S&P Futures Gain as Trade Truce Rally Continues, U.S. Economic Data on Tap

June S&P 500 E-Mini futures (ESM25) are trending up +0.19% this morning, with the benchmark index set for one of its strongest weeks this year, as the U.S.-China trade truce continues to bolster sentiment, while investors await a new batch of U.S. economic data and remarks from Federal Reserve officials.

The Independent UK

Donald Trump said he had a ‘little problem’ with Apple’s Tim Cook over India iPhone plans

Trump said he admonished the Apple CEO over reports it was accelerating plans to make most of the iPhones for the U.S. market in India

Evening Standard

Toy firm Character Group says US-China shipments on pause over tariffs

It added that sales globally have also been knocked by caution among customers as a result of tariff uncertainty.

The Independent UK

Peppa Pig toy maker pauses US-China shipments over Trump’s tariffs

The manufacturer of Peppa Pig and Fireman Sam toys pulled its financial targets for the year last month

Newslaundry

Turkey enters South Asia conflict zone with drones, diplomacy and ideological ambitions

Last week, as hundreds of drones from Pakistan infiltrated India’s Western front, residents in border towns watched in fear, red lights flashing across the night skies with an eerie whirring sound.

International Business Times

Asian Markets Stagger Into Weekend As Trade Rally Runs Out Of Legs

Markets limped into the weekend as investors consolidated gains fed by the China-US trade war hiatus, having enjoyed one of their best weeks since Donald Trump unloaded his "Liberation Day" tariff bazooka last month.

The Guardian - US

Trump agrees deal for UAE to build largest AI campus outside US

Agreement that would give Gulf country better access to advanced AI chips raises concerns over Chinese influence

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