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The Latest Breaking News from China

'Nobody will fly': India's plane versus train battle gets a twist

India's Railway Minister said upcoming bullet trains will dominate short-haul routes like Mumbai-Pune and Bengaluru-Chennai, mirroring global trends. This strategic shift prioritises high-speed rail for premium intercity travel, potentially reshaping India's transport landscape and economic integration by compressing travel times and fostering regional growth.

The Economic Times

Oil market enters tight supply phase after years of underinvestment: Nikhil Bhandari

Global energy markets are entering a structurally tighter phase due to years of underinvestment in crude oil and refining. While renewables are growing, grid constraints persist, and downstream product shortages are emerging, signaling a multi-year squeeze across the energy sector.

The Economic Times

US mayor accused of acting as an illegal agent for China resigns

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The Independent UK

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Tehran threatens to accelerate nuclear weapon programme after Trump rejects ‘garbage’ peace proposal response

Iran has said the US demands to end the war are unacceptable, with diplomatic efforts reaching a deadlock

The Independent UK

What Trump and Xi will discuss during China visit – and what could go wrong

Analysts tell Shweta Sharma that Xi appears to have the upper hand on trade, Iran and Taiwan, but Trump still has plenty to gain from talks in Beijing

The Independent UK

Why are oil prices up today, and will Brent crude futures and US WTI rates rise sharply in near future? Oil rises as supply fears return

Why are oil prices up today, and will Brent crude futures and US WTI rates rise sharply in near future? Oil prices increased as hopes for a peace deal faded and supply fears returned. The Strait of Hormuz risk, lower OPEC output, falling US crude stocks, and US-China tensions pushed…

The Economic Times

Mettler-Toledo International Q1 Earnings Call Highlights

Mettler-Toledo International (NYSE:MTD) reported first-quarter 2026 sales growth and higher adjusted earnings, with management citing solid execution, innovation and margin initiatives despite a more uncertain macroeconomic backdrop. Chief Executive Officer Patrick Kaltenbach said the company deliv

MarketBeat

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Was Eileen Wang's Fiancé Mike Sun a Convicted Chinese Agent? What the Federal Case Says

Eileen Wang's political career in Arcadia, California, is marred by allegations of acting as an undisclosed agent for China, with ties to Mike Sun and a controversial media platform.

International Business Times UK

Southern California mayor to plead guilty to acting as illegal agent for China

Eileen Wang, the mayor of Arcadia, has agreed to plead guilty and has resigned from her city position

The Independent UK

Trump heads to China to spread the gospel of American tech while emulating Xi Jinping on AI

Tim Cook and Elon Musk, among other tech CEOS, will accompany the US president on a trip to China

The Guardian - US

Fifa’s failure to agree World Cup TV deals in China and India a headache for Infantino

With the tournament a month away, there are still no agreements done with the two Asian giants to ensure fans there can watch all 104 games

The Guardian - UK

Who is Eileen Wang? Arcadia Mayor Resigns After Admitting to Being a 'Secret' China Agent

Arcadia Mayor Eileen Wang pleads guilty to being an unregistered agent for China, marking a significant breach of US political integrity and raising concerns about foreign influence in local government.

International Business Times UK

AI optimism keeping global markets resilient despite West Asia tensions: William Lee

Global markets remain strong, prioritizing AI and technology over West Asian conflicts. Investors believe the war will be short, allowing focus on future tech growth. The US and Europe are seen benefiting from the AI revolution. A key focus is the upcoming Trump-Xi meeting, which could define US-China tech rivalry.

The Economic Times

China green tech firms target new consumers hit by Iran war energy shock

Companies like Jinko Solar, Chery Automobile, and BYD are seeing surging demand for EVs, batteries, and solar panels in markets seeking alternatives to costly fuel imports.

The Economic Times

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The Guardian - UK

Seven-day weeks and ‘debt bondage’: China’s first electric car plant in Europe mired in allegations of worker abuse

The BYD factory being built in Szeged, Hungary, is facing scrutiny after reports of EU labour laws being violated among the Chinese migrant workforce

The Economic Times

Global Market: Investors return to emerging markets in April as debt flows surge

Global investors returned strongly to emerging markets in April, with $58.3 billion in inflows after March’s $66.2 billion outflow, driven mainly by debt markets. According to IIF, easing geopolitical tensions and stabilising conditions restored risk appetite, though concerns remain over energy costs and whether the rebound is sustainable.

Caixin Global

Tech Brief (May 12): SMIC’s Plan to Buy Out Chip Unit Approved

China issues guidelines to regulate AI agents, robotics startup Vbot raises 500 million yuan

The Independent UK

Iran-US war latest: Trump accuses media of treason as US intel reportedly claims Tehran retains substantial missile capabilities

Trump says reports that the ‘Iranian enemy is doing well’ are ‘false’

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The Economic Times

Xi-Trump summit may yield farm deal, but China has limited soybean appetite

Market watchers anticipate a farm deal at the upcoming U.S.-China summit, potentially expanding Beijing's purchases of grains and meat. However, significant new soybean purchases beyond last October's agreement are unlikely due to weak demand and cheaper alternatives. The focus is on potential deals for corn, sorghum, milling wheat, beef, and…

The Economic Times

Stung by Iran war, Trump heads to China in need of wins

President Trump visits China with reduced trade goals. His earlier tariff strategy has not yielded expected results. The meetings will focus on limited trade agreements and managing future trade relations. China seeks assurances on Taiwan and trade policies. The outcome is expected to be a temporary truce favoring China.

The Economic Times

Oil Price Today (May 12): Crude oil at $105 as Donald Trump says peace talks on ‘life support’. What are experts saying?

Oil prices rose for a second day as uncertainty surrounding U.S.-Iran conflict resolution kept global crude supply concerns high. President Trump indicated ceasefire talks are struggling, while the U.S. plans to release oil from its reserves. Market attention now shifts to Trump's China visit, with hopes of leveraging influence for…

The Economic Times

House lawmakers introducing bill to toughen US ban on Chinese vehicles

U.S. lawmakers are introducing legislation to strengthen the ban on Chinese automakers entering the American market, building on a Biden administration regulation. This move, citing national security and data privacy concerns, aims to prevent Chinese vehicles with advanced connectivity and software from being sold in the U.S.

The Economic Times

Dollar steady as Middle East peace hopes recede

Middle East conflict fears are keeping the U.S. dollar steady as oil prices climb. Investors worry about renewed hostilities and their impact on inflation, potentially delaying interest rate cuts. While diplomatic efforts show little progress, markets remain cautious, awaiting key U.S. inflation data and President Trump's China visit.

The Economic Times

Gold rises with US–China talks, MidEast conflict in focus

Gold prices climbed as investors awaited crucial meetings between U.S. President Trump and Chinese President Xi Jinping, while also monitoring the fragile ceasefire negotiations with Iran. Market participants are also anticipating U.S. CPI data to gauge the Federal Reserve's future interest rate decisions.

The Times of India

Trump's China visit: US President eyes 'great things' for both countries — what's on agenda

US President Trump expressed optimism for his upcoming visit to China and meeting with President Xi Jinping, anticipating positive outcomes for both nations. Accompanied by prominent business leaders, Trump aims to discuss trade, Iran, tariffs, and AI, seeking to strengthen US economic and national security interests.

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