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The Latest Breaking News from China

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

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…

Motorsport

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

Autosport

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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.

Tom’s Hardware

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.

Fortune

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.

Barchart

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

The Independent UK

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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

The Independent UK

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.

Evening Standard

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.

Newslaundry

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.

International Business Times

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

The Guardian - US

Mississippi sues China for $200bn for costs associated with the Covid-19 pandemic

A default judgment was made against China, which refuses to recognize the lawsuit, after it failed to show up in court

The Independent UK

World's oldest star chart may be 2,300 years old and from China — but not everyone agrees

Is the Star Manual of Master Shi the oldest known astronomical catalog? Experts are divided.

LiveScience

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TechRadar

Trump still wants Apple to build your iPhone in the US, not India, and this won't end well

The economics of manufacturing iPhones in the US don't add up, and that situation is unlikely to change, even as Trump pushes for it.

Barchart

Crude Prices Finish Sharply Lower on Fears of a Global Oil Glut

June WTI crude oil (CLM25 ) Thursday closed down -1.53 (-2.42%) and June RBOB gasoline (RBM25 ) closed down -0.0356 (-1.64%). Crude oil and gasoline prices fell sharply Thursday after President Trump said the US and Iran are getting closer to a nuclear deal, which could ease sanctions on Iranian...

Barchart

Is There More Downside in Crude Oil?

Nearby June NYMEX crude oil futures prices fell to a $55.30 per barrel low on May 5, just above the most recent $54.67 bottom on April 9. While the energy commodity made a higher low and has rallied, the trend remains bearish, and lower lows could be on the horizon.

Fortune

Trump is playing a 'game of chicken' with Tim Cook over Apple's India production to pressure for 'full-blown' U.S. manufacturing, analyst says

“It's just saying, ‘I think we can squeeze a little bit more out of you,’” Morningstar technology analyst William Kerwin told Fortune.

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Barchart

Ray Dalio’s Bridgewater Associates Just Increased Its Holdings in This Chinese AI Stock by Over 3,360%

Ray Dalio's Bridgewater Associates released its 13F filing yesterday, which showed an interesting bet on this Chinese AI stock amid the ongoing U.S.-China trade war.

The Conversation

Putin dodges peace talks in Istanbul as Russia pushes for territorial concessions from Ukraine

This article was first published in The Conversation UK’s World Affairs Briefing email newsletter. Sign up to receive weekly analysis of the latest developments in international relations, direct to your inbox.

The Independent UK

Under of a cloud of tariffs, Walmart is the latest retailer to announce price hikes

Volley after volley of tariffs — and at times on-again, off-again trade actions — have put companies around the world on edge

The Independent UK

Tariffs could hike up your air conditioning bill for your home and car this summer

A coolant shortage and forecasts calling for rising temperatures are both likely to contribute to air conditioning price increases

Barchart

Crude Prices Tumble as Prospects Improve for a US-Iran Nuclear Deal

June WTI crude oil (CLM25 ) today is down -1.73 (-2.74%) and June RBOB gasoline (RBM25 ) is down -0.0442 (-2.04%). Crude oil and gasoline prices today are sharply lower after President Trump said the US and Iran are getting closer to a nuclear deal, which could ease sanctions on...

PC Gamer

Nvidia might launch a GeForce RTX 5080 Super/Ti with 24 GB of VRAM sooner than we thought

Before year's end? I suppose we'll see.

Fortune

The U.S.-China trade war’s 90-day pause was 70 years in the making

As Trump tries to gain leverage from tariffs, China is well aware of its strategic ace. So is Tesla CEO Elon Musk.

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