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The Latest Breaking News from China

NZ's coming China headache over CPTPP trade deal

With both China and Taiwan vying to join the CPTPP, how will New Zealand politicians and officials handle the tensions of their competing bids?

Newsroom.co.nz

Florida police aren’t happy that DeSantis administration rule grounds popular drones

TALLAHASSEE, Fla. — Police departments across Florida are shelving millions of dollars in aerial drones because of a new Gov. Ron DeSantis administration rule that takes effect Wednesday.

Miami Herald

Crude Prices Erase Early Gains on U.S. Economic Concerns

May WTI crude oil (CLK23 ) this morning is down -0.25 (-0.31%), and May RBOB gasoline (RBJ23 ) is down -4.50 (-1.63%). May Nymex natural gas (NGK23 ) is down -0.017 (-0.817%). Crude oil and gasoline prices this morning erased early gains and turned lower on signs of a slowdown...

Barchart

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Is A Copper Rally on the Horizon?

Copper is sitting in the middle of its trading range since March 2022. At just under $4 per pound, the price had consolidated throughout Q1 2023. The red nonferrous metals with increasing demand and applications could be on a launchpad to the upside to another in a long series of…

Barchart

Vatican says China has unilaterally appointed bishop to Shanghai

Chinese authorities have appointed a new bishop to Shanghai, the Vatican said on Tuesday, in an apparent violation of a bilateral pact between the two states.

Reuters

Stock Indexes Slide After Factory Orders Decline More Than Expected

Morning Markets The S&P 500 Index ( $SPX ) ( SPY ) today is down -0.15%, the Dow Jones Industrials Index ( $DOWI ) ( DIA ) is down -0.3%, and the Nasdaq 100 Index ( $IUXX ) ( QQQ ) is down - 0.06%. This morning the US Census...

Barchart

French and European leaders visit China, the 'systemic rival'

French President Emmanuel Macron is in China for a four-day visit, hoping to dissuade Beijing from directly supporting Russia's invasion of Ukraine. The French leader won't want to alienate a crucial trade and geopolitical player. Macron is accompanied by the president of the European Commission, Ursula von der Leyen.

Radio France Internationale

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For Taiwan, war in Ukraine serves as potent reminder of threat from China

Since the start of Russia's full-scale invasion of Ukraine, Taiwan has shown unwavering support for Kyiv. The invasion of a young democracy by its larger neighbour is indeed a situation that hits close to home in Taiwan. Though the archipelago is more than 8,000 kilometres away, the situation facing Ukrainians…

France 24

‘Asian Monetary Fund’ idea revived

China is open to talks with Malaysia on forming an Asian Monetary Fund, said Prime Minister Anwar Ibrahim, reviving a decades-old proposal to reduce reliance on the dollar.

Bangkok Post

Markets Today: Stock Index Futures Climb as Interest Rate Hike Concerns Recede

Morning Markets June S&P 500 futures (ESM2 3) this morning are up +0.31% at a 1-1/2 month high, and June Nasdaq 100 E-Mini futures (NQM2 3) are up +0.37% at a 7-1/2 month high. U.S. stock index futures this morning are moderately higher on reduced interest rate concerns. Monday’s economic...

Barchart

Experts divided over TikTok ban

All social media companies pass on data to governments, so why is TikTok being singled out in a game of 'whack-a-mole'?

The New Daily

China decries Philippine-US base deal

BEIJING: China warned on Tuesday that Washington was “endangering regional peace” in a new deal with the Philippines that will result in four additional bases being used by US troops, including one near the disputed South China Sea and another not far from Taiwan.

Bangkok Post

EU Lashes Out at China for Support of Russia in Ukraine War

The European Union's foreign policy chief on Tuesday lashed out at China for its support of Russia amid the invasion of Ukraine and called it "a blatant violation" of Beijing's United Nations commitments. "There cannot be siding with the aggressor," Josep Borrell said.

Asharq Al-Awsat

First Thing: Trump to surrender after hush-money indictment

The extraordinary scene in Manhattan will mark the first time a former US president will face criminal charges. Plus, why so many Americans hate – and love – the AR-15

The Guardian - UK

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Asharq Al-Awsat

Taiwan Rejects China Pressure Ahead of House Speaker Meeting

Taiwan pushed back against threats of retaliation by China, ahead of an expected meeting between President Tsai-Ing-wen and the US House speaker Wednesday that will underscore her government's claim to sovereignty. Tsai has been visiting the island's remaining diplomatic allies in Latin America, Belize and Guatemala. The most politically sensitive…

The Independent UK

EU lashes out at China for support of Russia in Ukraine war

The European Union’s foreign policy chief has lashed out at China for its support of Russia during the invasion of Ukraine and called it “a blatant violation” of Beijing’s United Nations commitments

Axios

View from Taipei: Two presidential visits captivate Taiwan

Tsai's visit to the U.S. and Ma's trip to China have reignited debate within Taiwan about the island's future.

Bangkok Post

Foreign cash streaming back into China

SHANGHAI: Foreign investors are steadily marching into China in the wake of Alibaba’s plans to restructure, with money managers reckoning it is the latest sign the national leadership is turning friendlier to business as economic growth gains traction.

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The Independent UK

US House speaker McCarthy set to meet Taiwan president despite China threats

Taiwan has remained defiant ahead of the island president’s expected meeting in Los Angeles

Bangkok Post

Suspects in kidnap-murder of Chinese student arrested in Wuhan

The three Chinese suspects in the abduction and murder of a Chinese student in Thailand have been arrested in Wuhan and will be prosecuted in China, the national police chief announced on Tuesday.

The Independent UK

Taiwan rejects China pressure ahead of House speaker meeting

Taiwan has remained defiant ahead of the island president’s expected meeting with the U.S. House speaker, after China threatened retaliation multiple times in the past week

The Guardian - AU

What does TikTok’s ban from Australian government devices mean for its future?

Chinese-owned app deemed to pose ‘significant security and privacy risks’ but an outright ban likely depends on what happens in the US

The Independent UK

AP News Digest 3:25 am

Here are the AP’s latest coverage plans, top stories and promotable content. All times EDT. For up-to-the minute information on AP’s coverage, visit Coverage Plan.

Reuters

China says unmanned airship over US was isolated, unexpected event

China has made it clear that the unmanned civilian airship that flew over U.S. terriory was an unexpected and isolated event, the foreign ministry said on Tuesday.

Caixin Global

Shanghai Composite Index Rose 0.49% on Tuesday

Shenzhen Component Index closed down 0.25%

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