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The Latest Breaking News from China

The Philippines’ Fight for Foreign Policy Freedom

Due to China’s increasing assertiveness in the Taiwan Strait and grey-zone coercion in the West Philippine Sea, Marcos reinvigorated the Philippine alliance with the U.S. and sought a stronger strategic partnership with Japan.

The News Lens

Exclusive-Biden to sign defence pact in Papua New Guinea, with eyes on China

United States President Joe Biden will sign defence and surveillance agreements with Papua New Guinea, the island nation's foreign minister said, on a visit that renews the strategic importance of the nation where Biden's uncle died in World War Two.

Reuters

Chinese woman fighting for fertility rights hopes to end single mother stigma

Teresa Xu did not anticipate that five years after she was denied an egg-freezing treatment at a Beijing hospital for being unmarried, her subsequent lawsuit would be at the centre of a debate over reproductive rights in China.

Reuters

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EU to discuss 11th package of sanctions against Russia

EU member states are discussing a new sanctions package against Russia over its war in Ukraine. The latest measures will be focused on tackling the issue of "third" countries circumventing existing sanctions. For the first time, they could include measures targeted at firms from other countries, including China and Iran.…

France 24

Stock Index Futures Move Lower Ahead of U.S. Inflation Data, Debt Ceiling Worries Weigh

June S&P 500 futures (ESM23) are down -0.20%, and June Nasdaq 100 E-Mini futures (NQM23) are down -0.23% this morning as investors looked ahead to a crucial U.S. inflation report that could provide fresh clues on the future of the Fed’s monetary policy.

Barchart

Reluctant critic China urges Afghan changes on women's roles

China is calling on Afghanistan to stop excluding women from education and public life and adopt a more resolute attitude in combating terrorism

The Independent UK

Microsoft culls 700 jobs from LinkedIn, shutters China services

The layoffs at big tech aren't abating any time soon it seems. This week, Microsoft culled 700 positions at its work-oriented social network, while shuttering its services in China.

Windows Central

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Stock Index Futures Move Lower Ahead of U.S. Inflation Data

Barchart

Explainer-G7 Hiroshima Summit 2023: when is it, who will attend and what's on agenda?

Leaders of seven of the world's richest nations meet next week at the G7 summit in the Japanese city of Hiroshima to discuss geopolitical, economic and climate issues as the war in Ukraine drags on and tensions rise between China and the United States.

Reuters

China's aircraft carrier Shandong returns to home port after show of might

China's military said on Wednesday the aircraft carrier Shandong had returned to its home port in Hainan "in recent days", after a month-long voyage that included transits around Taiwan for drills and a flex of muscles as far out as the Western Pacific.

Reuters

Food exports seen at record high this year

Thailand's food exports are expected to rise by 2.1% to a record of 1.5 trillion baht (US$44.31 billion) this year, helped by a recovery in global demand and China's reopening, a leading industry group said on Wednesday.

Bangkok Post

Stirling University student laundered tens of thousands of pounds for a Glasgow-based Chinese crime lord

Following a six-day trial a jury unanimously found the 28-year-old guilty of laundering £84,912.

Daily Record

China’s foreign companies on edge after ‘state secrets’ raids

Business groups say probes into firms’ handling of information has raised uncertainty about operating in China.

Al Jazeera

Taiwan conflict, maritime code to figure in ASEAN talks, Marcos says

Philippine President Ferdinand Marcos Jr has said the prospect of tensions escalating over Taiwan was a "grave concern" to Southeast Asian leaders and discussions about it were inevitable at this week's summit in Indonesia.

Reuters

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Barchart

2023 Bumper Corn Crop?

Could corn production surprise traders this year? With the current planting season off to a decent start and any luck from Mother Nature, corn production/supply could significantly improve this year.

Barchart

Crude Closes Higher as U.S. Plans to Refill SPR After Repairs

June WTI crude oil (CLM23 ) on Tuesday closed up +0.55 (+0.75%), and June RBOB gasoline (RBM23 ) closed up +1.83 (+0.74%). Crude oil and gasoline prices Tuesday recovered from early losses and rose to 1-week highs. Short covering emerged in crude after the Biden administration said Tuesday it was...

Space

China to launch communications relay satellite to the moon in early 2024

Queqiao 2 ('Magpie Bridge 2') will launch early next year and will be used to support China's upcoming Chang'e 6, 7 and 8 robotic moon missions.

Tom’s Hardware

Taiwan Will Defend TSMC From US Bombing in the Event of a China War

A Taiwanese minister says that the armed forces will defend all of Taiwan’s people, materials, and resources from any threat. This includes protecting TSMC should a war with China occur.

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Tom’s Hardware

10,000 Chinese Chip Developers Closed Shop in 2021–2022

Over 10,000 Chinese chip developers closed up shop during the past two years, as the investment bubble crash and global semiconductor downturn hit hard.

Tom’s Hardware

China's State-Sponsored AI Claims it Will Surpass ChatGPT by End of Year

State-sponsored Chinese company iFlytek made waves with the launch of its "Spark Desk", an AI system designed to compete directly with OpenAI’s ChatGPT. But the company claims more than that, it claims Spark Model will dethrone ChatGPT by the end of the year.

Fortune

Bill Gates says a pause on new A.I. research may be useless, even damaging

Experts are in the dark about the future of A.I., but it may already be a runaway train.

Al Jazeera

Biden to be first sitting US president to visit Papua New Guinea

Announcement comes as Washington has increasingly sought to shore up influence in the Pacific to counter China.

Space

China builds simulated moon chamber to prep for crewed lunar landings (video)

Chinese scientists have built a chamber to simulate the conditions on the surface of the moon to help prepare the country for future crewed lunar exploration.

InsideEVs

China: Tesla EV Retail Sales And Exports Were Balanced In April 2023

Last month, Tesla's local sales in China amounted to 39,956 MIC cars, while exports amounted to 35,886.

Al Jazeera

Canada ‘will not be intimidated’ by China, PM Trudeau says

Canada-China relations hit a new low amid tit-for-tat diplomat expulsions linked to alleged Chinese interference.

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