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The Latest Breaking News from China

Tesla’s fall in numbers: The staggering profit drops that forced Musk to step back from DOGE

ANALYSIS : A 71 per cent drop in profits and tanking share price have forced Elon Musk to cut down his time as Trump’s costcutter-in-chief. Alicja Hagopian and Karl Matchett explore what happened

The Independent UK

Taiwan president will not attend Pope Francis’s funeral

Taiwan to send former vice-president despite Vatican being one of country’s few diplomatic allies

The Guardian - UK

Chinese data centers refurbing and selling Nvidia RTX 4090D GPUs due to overcapacity — 48GB models sell for up to $5,500

Many Chinese AI data centers are letting go of their RTX 4090D GPUs and putting them on the market for profit.

Tom’s Hardware

From analysis to the latest developments in health,
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China's First 'Gold Melting ATM' Goes Viral as Customers Deposit Jewellery and Get Paid for Its Value

Gold at Your Fingertips: How a New Machine in Shanghai Is Changing the Way People Cash In on Heirlooms

International Business Times UK

Why China wants to build a nuclear power plant on the Moon

IN FULL

The Independent UK

China Says 'Door Open' To Trade Talks After Trump Signals Tariffs Will Fall

Bringing further relief to global markets spooked by his aggressive trade policies, Trump also said on Tuesday he had no intention of firing US Federal Reserve Chair Jerome Powell.

Latin Times

China plans to build a nuclear power plant on the Moon

The plans come as China steps up its ambitious space programme

The Independent UK

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Nissan Surprises With Frontier Pro Plug-In Hybrid Truck

Seemingly out of nowhere, Nissan is launching an electrified Frontier. Although it carries the “Pro” suffix, the truck is unrelated to the Frontier Pro-X/Pro-4X sold in North America. The brand’s first electrified pickup broke cover today at Auto Shanghai in China and is based on the locally produced Nissan Dongfeng…

Motor1

China Pushes South Korea to Stop Supplying US With Critical Rare Earth Products

China urges South Korea to stop exporting rare earth products to U.S. defense firms, raising global trade tensions.

Latin Times

Global markets rally after Trump walks back Powell attacks and Bessent looks for China 'de-escalation'

Investor optimism built off Bessent's remarks went into overdrive after President Donald Trump told reporters in the Oval Office that he had "no intention" of firing Fed Chair Jerome Powell.

Fortune

The Toyota bZ7 Is a Chinese Electric Flagship Sedan

Although there have been reports about Toyota’s plan to drop the uninspired “bZ” nomenclature, it looks like the switch to a more familiar naming system for electric cars isn’t happening globally. Meet the new bZ7, a production version of a namesake concept introduced last year. It’s a large sedan for…

Motor1

UBS Analysts Just Slashed Their Price Target on Nvidia Stock. Should You Ditch Shares Now?

Nvidia stock is under fresh pressure after UBS trimmed its price target, citing geopolitical headwinds and near-term margin concerns.

Barchart

Renewables slave labour warning as Ed Miliband seeks ban on Chinese materials

He wants to ensure solar panels, wind turbines, and batteries must not contain materials suspected of being produced through slave labour.

Evening Standard

Stocks Set to Extend Rally on Fed Reprieve and Trade Optimism, U.S. PMI Data and Earnings in Focus

June S&P 500 E-Mini futures (ESM25) are up +2.01%, and June Nasdaq 100 E-Mini futures (NQM25) are up +2.51% this morning, extending yesterday’s rally as sentiment got a boost after the Trump administration’s move to alleviate some of the tensions unsettling investors.

Barchart

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The Guardian - US

Trump says US education is getting out of DEI ‘after being in that jungle for a long time’ – as it happened

Executive orders crack down on DEI at US universities but seek to increase affordability and retention at Black colleges. This blog is now closed.

Motor1

The Mazda EZ-60 Is a Rear-Wheel-Drive Chinese SUV

We’ve talked about the EZ-60 before. It initially popped up on our radar at the beginning of the month when Mazda teased it on China’s Weibo social media network. It then appeared on the Ministry of Industry and Information Technology (MIIT) website, where the government shows all future models homologated…

The Independent UK

Elon Musk says Tesla robot production hit by trade war with China

Tesla planned to produce thousands of Optimus robots this year, but are now lacking a key component

Fortune

Elon Musk claims Tesla is the top robot company but worries that Nos. 2 through 10 will be Chinese

The Tesla CEO revealed that production of the Optimus robot has been disrupted by trade frictions.

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news in one place.

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The Independent UK

Trump live updates: Just 37% of Americans approve of president’s handling of economy, poll shows

The majority of Americans now fear a recession, even as Donald Trump conceded ultra-high tariffs on China would fall but would not hit zero

Euronews

All eyes on EVs as carmakers eye competition at Auto Shanghai 2025

Global car companies as BMW, Volkswagen and General Motors are attempting to retain their market share in China as tariffs and rising Chinese competition threaten sales.

Al Jazeera

China’s Xi says tariffs undermine ‘legitimate rights’ of all countries

Chinese leader’s remarks come amid renewed hopes of a trade deal between Washington and Beijing.

The Independent UK

Chinese PM writes to Japan stressing need to jointly fight Trump’s tariffs

China has reportedly urged Japan for a coordinated response to tariffs imposed on both nations by US president Donald Trump.

The Guardian - UK

UK private sector shrinks as export orders slump; state borrowing nearly £15bn above official forecast – as it happened

Gloomy business surveys for UK, Europe and US show tariffs starting to take their toll but stocks, dollar rally on hopes of US-China trade deal

Euronews

Markets rebound as Trump signals cutting China tariffs 'substantially'

Global stock markets experienced a relief rally after US Treasury Secretary Scott Bessent indicated that high tariffs were not sustainable, raising hopes for a de-escalation in the US–China trade war. President Trump confirmed the stance and signalled that tariffs on China would be cut.

The Guardian - AU

Ukraine war briefing: Chinese making drones in Russia, Zelenskyy says

Technology might be ‘stolen’ and work not approved by Beijing; deaths in wave of overnight strikes on Ukraine. What we know on day 1,155

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