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The Latest Breaking News from China

China wants to launch a moon-orbiting telescope array as soon as 2026

China wants to put a small constellation of satellites in orbit around the moon to create a radio telescope that would open a "new window" into the universe.

Space

Asian equities gain on hopes for Fed pause

RECAP: Most Asia-Pacific equity markets rose on Friday to their highest level since mid-February, taking cues from an overnight Wall Street rally as bets firmed that the US Federal Reserve would not raise interest rates next week.

Bangkok Post

All talk, no dialogue on Asian security

The International Institute for Strategic Studies' Shangri-La Dialogue has wrapped up its meeting in Singapore. The context for this year's summit was not propitious: Russia's bloody invasion of Ukraine grinds on, while Chinese President Xi Jinping continues his uncompromising approach to global affairs.

Bangkok Post

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Crude Prices Fall on Energy Demand Concerns in China

July WTI crude oil (CLN23 ) on Friday closed down -1.12 (-1.57%), and July RBOB gasoline (RBN23 ) closed down -1.95 (-0.75%). Crude oil and gasoline prices Friday posted moderate losses. A stronger dollar Friday undercut energy prices. Also, concern about weakness in China's energy demand is bearish for crude...

Barchart

Australia seeking to stabilise, not normalise, its relationship with China

The outgoing Australian High Commissioner to India, Barry O’Farrell, on Friday said Australia is seeking to stabilise, not normalise, relations with China, which, he added was no different from India’s position towards China.

The Hindu

Blinken to take delayed China trip this month: Reports

US secretary of state is expected to meet top Chinese officials, US media outlets say, on visit delayed since February.

Al Jazeera

1 Travel Stock to Watch, 2 to Sell

The travel industry’s prospects appear bright due to pent-up demand and China’s reopening. Given the industry’s tailwinds, the fundamentally sound travel stock, Travel + Leisure (TNL), might be a wise watchlist addition. However, given the likelihood of an economic downturn, struggling travel stocks Sonder Holdings (SOND) and Hall of Fame…

StockNews.com

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Crude Slightly Lower on Energy Demand Concerns in China

July WTI crude oil (CLN23 ) this morning is down -0.08 (-0.11%), and July RBOB gasoline (RBN23 ) is down -0.16 (-0.06%). July Nymex natural gas (NGN23 ) is down -0.063 (-2.68%). Crude oil and gasoline prices today are slightly lower. A stronger dollar today is undercutting energy prices. Also,...

Barchart

Disney’s Little Mermaid flops in China amid racist backlash over casting

Poor box office performance reflects broader challenge for Hollywood as it vies with domestic productions

The Guardian - UK

The microchip industry would implode if China invaded Taiwan, and it would affect everyone

A conflict between the US and China over computer chips – or semiconductors – has been escalating in recent months. In particular, the US has taken steps to limit China’s access to advanced chip technology amid heightened international competition in the area.

The Conversation

Is unconscious bias silently guiding your choice in bikes?

What comes to mind for you when you hear a bike is manufactured in China vs Italy vs America?

Cycling News

China's grip on AirDrop could tighten in the name of national security

China plans to clamp down further on the use of AiDrop as a way to bypass censorship.

iMore

Blinken to travel to China next week, carrying out trip postponed after spy balloon incident

Secretary of State Antony Blinken is planning to travel to China this month as the Biden administration pushes to improve badly deteriorated ties with the Chinese

The Independent UK

Markets Today: Stocks Higher as Tesla Jumps on Charging Pact with GM

Morning Markets June E-Mini S&P 500 futures (ESM2 3) this morning are up +0.01%, and June Nasdaq 100 E-Mini futures (NQM2 3) are up +0.22%. U.S. stock index futures this morning are slightly higher, buoyed by a +6% jump in Tesla after General Motors announced that it is joining Tesla’s...

Barchart

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Evening Standard

China wants to restrict AirDrop and Bluetooth, curbing activists’ efforts

China’s Cyberspace Administration aims to ‘prevent and resist the production, copying and distribution of undesirable information’

Zenger

Tesla Rival Lucid Eyes Highly Competitive China Market Despite Production Woes On Home Turf

Electric vehicle upstart Lucid Group, Inc could be setting its sights on the highly-competitive Chinese market.

Daily Mirror

Man sued after abandoning his blind date in a restaurant along with her 23 relatives

The pair arranged to meet at a popular restaurant in northeastern China, but to the man's surprise, his date arrived at the restaurant accompanied by 23 of her relatives

Barchart

Markets Today: Stocks Slightly Higher as Tesla Jumps on Charging Pact with GM

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Barchart

S&P Futures Tick Higher as Rate Hike Fears Subside, Chinese Inflation Data Disappoints

June S&P 500 futures (ESM23) are trending up +0.04% this morning after three major U.S. benchmark indices closed higher on Thursday as an unexpected rise in weekly U.S. jobless claims bolstered expectations that the Federal Reserve would hold rates steady next week, while investors also digested weaker-than-expected inflation data from…

The New Daily

China slams US over claims it is building eavesdropping base in Cuba

China has rejected reports as utter US lies that it will build an electronic eavesdropping facility in Cuba

StockNews.com

Which Luxury Stock Is the Better Buy for June: Macy's (M) or Urban Outfitters (URBN)

Despite ongoing economic uncertainty, the luxury industry has remained resilient and continues reinventing itself, driven by robust consumer spending, China’s reopening, and the adoption of cutting-edge technology in the space. Luxury stocks Macy’s (M) and Urban Outfitters (URBN) should benefit from the industry tailwinds. But which of these is a…

Al Jazeera

Palestinian President Abbas to visit China after mediation offer

Abbas will pay a state visit to China following’s XI’s pledge to work for a solution to the Palestinian issue.

Daily Mirror

Brits warned drinking ANY amount of alcohol 'puts you at risk of 60 diseases'

In a new study, alcohol consumption has been linked to an increased risk of diseases, such as gout and cataract, that were never considered to be alcohol-related before

The Independent UK

South Korea summons China's envoy over comments accusing Seoul of tilting excessively toward US

South Korea’s Foreign Ministry has summoned China’s ambassador to protest comments he made accusing Seoul of tilting toward the United States and away from China, as competition between Washington and Beijing for global influence intensifies

Dynamite News

We continue to pay heavy price for PM Modi's 'clean chit' to China: Mallikarjun Kharge

"Our territorial integrity is being impinged upon by audacious Chinese military construction at the LAC, now in Uttrakhand," Kharge wrote in a tweet. Read further on Dynamite News:

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