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The Latest Breaking News from China

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.

Zenger

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

Daily Mirror

Markets Today: Stocks Slightly 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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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…

Barchart

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

The New Daily

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…

StockNews.com

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.

Al Jazeera

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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

Daily Mirror

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

The Independent UK

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:

Dynamite News

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

June S&P 500 futures (ESM23) are trending down -0.03% 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…

Barchart

Zeekr X Crossover EV Goes Into Production In China

Zeekr aims to deliver no less than 40,000 units of the X this year to stores across China, with a European debut “expected in due course.”

InsideEVs

Experience: I built a house of cards 50 storeys high

I’ve made replicas of buildings across the world, like the Eiffel Tower and Big Ben

The Guardian - UK

2025 VinFast VF3 Mini EV Expected To Become Vietnam's National Car

The VinFast measures just 122.6 inches in length, making it some 10 inches shorter than the Baojun Yep that debuted in China last month.

InsideEVs

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Evening Standard

FTSE 100 live: ‘Bank of England won’t cut rates until 2025’; Mortgage turmoil continues; FTSE closes at 7,562

Blue-chip shares started higher but soon fizzled in a week when the European Central Bank and the US Federal Reserve reveal their latest interest rate decisions.

The Independent UK

Honduran president begins first visit to China since breaking off ties with Taiwan

Honduran President Xiomara Castro has arrived in Shanghai, kicking off her first visit to China since the two countries established diplomatic ties

The Independent UK

Sunak praises Biden’s experience on China as ‘valuable to someone newer at this’

At 43, Mr Sunak is the youngest leader in the G7 group of industrial democracies, while Mr Biden is the oldest at 80.

Bangkok Post

Chinese naval ship heads for Philippines in 'friendly' tour

BEIJING: China's largest naval training ship sailed for the Philippines on Friday, its last stop of a regional "friendly" tour, amid growing unease over Chinese maritime activities in the South China Sea.

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The Guardian - AU

China plans new rules to regulate file sharing services like Airdrop and Bluetooth

Under the proposal, service providers would have to prevent the dissemination of harmful and illegal information, save records and report their discoveries

The Week

China’s hidden century review: an ‘enthralling’ show at the British Museum

In 1796, when the sixth emperor acceded, the Qing presided over a third of the world’s population and one of the most prosperous empires in history. In 1912, the 11th and last emperor abdicated, aged 12, ending 2,000 years of dynastic rule, and paving the way for the modern Chinese…

Caixin Global

Weekly Must-Read: U.S. Tensions Could Sap Chinese EV-Battery Makers’ Global Ambitions

World leader CATL and its peers face policy headwinds in the West that could benefit South Korean, Japanese rivals

The Independent UK

Japan aims to refocus its foreign aid on maritime and economic security and national interests

Japan has approved a major revision to its development aid policy to focus on maritime and economic security and its national interests while helping developing nations overcome challenges amid China’s growing influence

Al Jazeera

A secret Chinese spy base? Cuban officials say no to media report

US and Cuban officials dismissed a Wall Street Journal report about a surveillance base to be built in the Caribbean.

The Independent UK

White House rejects report claiming Cuba has agreed to host Chinese listening post

Report comes as US-China tensions persist over Taiwan dispute

Caixin Global

China’s Passenger Car Exports Doubled in First Five Months

Shipments abroad totaled 1.38 million vehicles from January through May, providing a bright spot for exporters amid weak global demand

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