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The Latest Breaking News from China

China's Ant Group Boosts R&D Spending To Record $3.26 Billion In 2024 Amid AI Push

Chinese fintech giant Ant Group disclosed on Monday that it invested a record 23.45 billion yuan ($3.26 billion) in research and development during 2024, marking the fourth consecutive year of increased RD spending since 2021.

Benzinga

Donald Trump Drops Hint About Potential TikTok Buyer, But Keeps Details Close To His Chest

President Donald Trump has indicated the presence of a potential buyer for the US operations of TikTok, the widely used social media app owned by China’s ByteDance Ltd. However, he has decided to keep the specifics under wraps for the next two weeks.

Benzinga

As trade deal deadline looms, Trump says he’ll write letters to countries about tariffs: ‘Dear Mr Japan, here’s the story’

President and his administration promised 90 trade deals in 90 days, a deadline that falls on July 8

The Independent UK

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Trump Says 'Very Wealthy' Group To Buy TikTok

President Donald Trump said Sunday a group of buyers had been found for TikTok, which faces a looming ban in the United States due to its China ties, adding he could name the purchasers in two weeks.

International Business Times

Here’s a behind the scenes look at how a CPU air cooler is made — DeepCool gives a start-to-finish tour of its main production facility

A tour of DeepCool’s main production facility in China, showcasing how premium air coolers are made from start to finish.

Tom’s Hardware

The Guardian view on Donald Trump’s China deal: rare earths pave the green road to militarisation

Editorial: Clean tech’s key minerals now drive western rearmament, reviving extractive ambition and exposing the toxic cost of dependence

The Guardian - UK

‘It’s not Chinese assistance’: Australia accuses China of taking undue credit for aid projects in the Pacific

Minister Pat Conroy says Chinese ‘branding’ of multilateral development projects to bolster its influence in the region is a consistent frustration

The Guardian - AU

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Trump leaves Maria Bartiromo speechless after suggesting US is hacking China: ‘You don’t think we do that?’

‘That's the way the world works. It's a nasty world,’ president says during sit-down interview

The Independent UK

Is the US forfeiting its Red Planet leadership to China's Mars Sample Return plan?

"Returning the scientifically selected samples that await us on Mars, as part of a balanced portfolio, will help to ensure the US does not cede leadership in deep space to other nations, such as China."

Space

China-backed "LapDogs" hackers hijacked hundreds of devices in an outlandish intel campaign aimed at US and Asian targets

LapDogs is a China-linked espionage operation exploiting SOHO devices to gain stealthy access across the US and Asia, using spoofed credentials and persistent malware.

TechRadar

Taiwan VP says won’t be intimidated after Czech officials claim Chinese diplomats planned car crash

Beijing denies wrongdoing by its diplomats and accuses Czech Republic of interfering in its internal affairs by allowing Hsiao Bi Khim’s visit

The Independent UK

Taiwan VP Says Not Intimidated After Alleged China Plot

Taiwan's vice president said she would not be intimidated by Beijing after the government accused Chinese embassy staff of planning to ram her car during an official visit to Europe.

International Business Times

China's humanoid robots generate more soccer excitement than their human counterparts

Humanoid robots have captivated fans in Beijing with a fully autonomous soccer match powered by artificial intelligence

The Independent UK

‘Climate is our biggest war’, warns CEO of Cop30 ahead of UN summit in Brazil

Negotiators doubt countries’ financial and environmental commitment as military and trade wars divert attention

The Guardian - UK

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International Business Times

Germany Warns Apple, Google on DeepSeek App Over Privacy Breaches Tied to China

Germany urges Apple and Google to review or remove DeepSeek app over illegal user data transfers to China, citing EU privacy violations.

Fortune

Goldman Sachs warns tariffs won’t help the U.S. boost manufacturing productivity as tech in American factories continues to lag

Manufacturing productivity is slumping. Tariffs can’t reverse that—but AI might.

Evening Standard

OPINION - Iran, China and the world at war: what this week's Nato summit really told us

This week saw a big change for Europe, Nato and UK security. It was agreed that Iran was not a mainstream Nato and Europe pre-occupation. Donald Trump has sucked the oxygen out of the headlines at the Nato summit in Holland by being referred to as the “big Daddy” –…

Benzinga

Trump's AI Power Play—Executive Orders Aim To Outpace China, Rewire US Grid In Fight For Tech Supremacy: Report

The Donald Trump administration is preparing a set of executive actions to bolster the U.S. artificial intelligence (AI) sector, aiming to outpace China in the global AI race.

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The Independent UK

Fireworks will light up this Fourth of July. Next year could be different if tariff talks fizzle

Fireworks are as American as apple pie

Fortune

Why Nike stock is soaring despite a looming billion-dollar tariff hit and its CEO saying sales are ‘not up to the Nike standard’

Nike shares soared 15% on Friday following the better-than-feared quarterly earnings report.

Barchart

S&P 500 and Nasdaq Climb to Record Highs on China Trade Optimism

The S&P 500 Index ($SPX ) (SPY ) Friday closed up +0.52%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +1.00%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.39%. September E-mini S&P futures (ESU25 ) are up +0.42%, and September E-mini Nasdaq futures...

Benzinga

Options Corner: Trump Media Might Rally As Political Wins Stack Up

With news breaking earlier this morning that the U.S. and China have finalized a trade understanding, the major equity indices bounced higher on Friday. However, Trump Media Technology Group (NASDAQ:DJT) suffered a conspicuous decline. While controversial in some circles because of its obvious ties to President Donald Trump, the media…

Kiplinger

Stock Market Today: Stocks Swing as Trump Scraps Canada Trade Talks

Despite a mid-afternoon slip, the S&P 500 and Nasdaq ended the day at new record highs.

Barchart

Dollar Moves Higher on US Trade Tensions with Canada

The dollar index (DXY00 ) Friday rose by +0.22%. Positive trade news is bullish for the dollar as the US moves closer to trade deals with China and other trading partners. The dollar also found support after the US May core PCE price index, the Fed's preferred gauge of underlying...

Barchart

Crude Oil Settles Higher on US-China Trade Optimism

August WTI crude oil (CLQ25 ) Friday closed up +0.28 (+0.43%), and August RBOB gasoline (RBQ25 ) closed down -1.04 (-0.50%). Crude oil and gasoline prices settled mixed on Friday. Crude found support on signs of easing trade tensions as the US moves closer to trade deals with China and...

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