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The Latest Breaking News from China

Markets may be past peak tariff uncertainty, even as investors weigh new tax on auto imports and brace for 'Liberation Day'

The “American exceptionalism” trade might not be dead yet, fund managers told Fortune.

Fortune

Is Trump’s Greenland plan part of a scramble for the Arctic?

US president says ‘we will go as far as we have to’ to get Greenland, but others are interested in the Arctic, too.

Al Jazeera

China's AI data center boom goes bust: Rush leaves billions of dollars in idle infrastructure

China's rush to build AI data centers in 2023–2024 has collapsed into underused infrastructure, falling profits, and outdated facilities.

Tom’s Hardware

From analysis to the latest developments in health,
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Myanmar’s civil war: How shifting US-Russia ties could tip balance and hand China a greater role

While the United States talked military assistance and minerals with Ukraine, Russia did the same with one of its few remaining allies: Myanmar.

The Conversation

Stock Index Futures Slip on Tariff Uncertainty Ahead of U.S. PCE Inflation Data

June S&P 500 E-Mini futures (ESM25) are down -0.20%, and June Nasdaq 100 E-Mini futures (NQM25) are down -0.32% this morning as market participants remain cautious amid uncertainty surrounding U.S. tariffs while also awaiting the release of the Federal Reserve’s first-line inflation gauge.

Barchart

Pete Hegseth pledges US support for Manila against China

The US defence secretary's visit to the Philippines came as Democrats called on him to resign over a national security scandal.

Euronews

China's Top Diplomat Wang Yi To Visit Russia For Ukraine Talks

Top Chinese diplomat Wang Yi will visit Russia next week for talks on issues including the resolution of the war in Ukraine, both countries said on Friday.

International Business Times

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China's Xi makes strong push for greater foreign investment as economy continues to lag

Chinese President Xi Jinping has urged foreign investors to have faith in China's business prospects in an address to major global business leaders

The Independent UK

Wall Street slides as US consumer sentiment falls to two-year low amid tariff fears – as it happened

US stocks fall after latest consumer sentiment poll shows Americans are anxious about the state of the economy

The Guardian - UK

China's Xi Warns Foreign Executives Of 'Severe' Trade Headwinds

Chinese leader Xi Jinping on Friday warned of "severe challenges" to global trade, vowing to open the country's door "wider and wider" to foreign firms as Beijing faces down a mounting trade war with the United States.

International Business Times

US defense chief says stronger deterrence needed against China in disputed sea

U.S. Defense Secretary Pete Hegseth said Friday that the Trump administration would boost military ties with the Philippines to strengthen deterrence against “threats from the communist Chinese” and ensure freedom of navigation in the disputed South China Sea

The Independent UK

US, Philippines must stand ‘shoulder to shoulder’ on China, Hegseth says

US defence secretary meets Philippine President Ferdinand Marcos amid controversy over leaking of Yemen strike plans.

Al Jazeera

China claims discovery of yet another record-smashing gold deposit

Discoveries bring to focus China’s advancements in gold prospecting technology

The Independent UK

China looks south as it seeks to reduce reliance on a capricious United States

China wants to protect against the volatility of Trump’s tariffs, and now has more than a dozen free trade agreements with global south countries

The Guardian - AU

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International Business Times

Clean Energy Giant Goldwind Leads China's Global Sector Push

China has rushed ahead in recent years as the world's forerunner in wind energy, propelled by explosive local demand as Beijing aggressively pursues strategic and environmental targets.

International Business Times

US Defence Chief Visits Philippines Dogged By Scandal At Home

US defence chief Pete Hegseth met Philippine President Ferdinand Marcos on Friday, saying the two countries must stand "shoulder to shoulder" in the face of the threat represented by China.

InsideEVs

Hyundai Ioniq 4: This May Be It

Hyundai’s quest to dominate the world’s electric vehicle market is moving forward. We’re on the cusp of this year’s Shanghai Auto Show, and it looks like Hyundai’s angling to get a piece of that small electric crossover pie in a place where it hasn't been much of a player before:…

The Independent UK

Europe races to secure critical minerals as global supply tensions mount

The European Union is ramping up efforts to secure critical minerals and reduce reliance on China

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news in one place.

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The Guardian - UK

End of an era for Canada-US ties, says Carney, as allies worldwide decry Trump’s car tariffs

Canadian PM says Donald Trump has permanently altered relations, as countries around the globe insist import taxes are harmful to all, including Washington

Barchart

Crude Prices Settle Higher on Positive US Economic Data

May WTI crude oil (CLK25 ) Thursday closed up +0.27 (+0.39%), and May RBOB gasoline (RBK25 ) closed up +0.0151 (+0.67%). Crude oil and gasoline prices settled moderately on Thursday, with gasoline posting a 3-week high. Thursday's weaker dollar is supportive of oil prices. Thursday's better-than-expected US economic reports signaled...

GamesRadar

English is no longer the biggest language on Steam as Chinese gamers embrace PC gaming even harder after Black Myth: Wukong

China's domestic industry has been building up for a while

Barchart

BYD’s Success Threatens to Total Tesla Stock. How Should You Play TSLA Here?

BYD’s growing success in the electric vehicle market poses a serious challenge to Tesla stock.

Barchart

Nvidia Stock Is Falling on Threats of More Restrictions in China. How Should You Play NVDA Here?

Nvidia stock is slipping as China introduced new energy efficiency rules, which could hurt its chip sales in the region. But NVDA shares remain worth owning for the long term.

The Guardian - UK

Donald Trump is moving fast and breaking things, but that may result in a better US

The chance of the president succeeding in his radicalism is small, but amid the chaos are challenges to convention that were overdue, says Guardian columnist Simon Jenkins

Euronews

Trump considers cutting China tariffs in exchange for TikTok sale

US President Donald Trump has revealed that he could potentially reduce tariffs on China in exchange for the latter’s help in finalising the sale of social media application TikTok, currently owned by ByteDance.

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