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The Latest Breaking News from China

Crude Prices Remain Firm on Optimism China Will Boost Stimulus

July WTI crude oil (CLN23 ) this morning is up +0.30 (+0.42%), and July RBOB gasoline (RBN23 ) is up +0.71 (+0.27%). July Nymex natural gas (NGN23 ) is up +0.073 (+2.88%). Crude oil and gasoline prices this morning rose to 1-week highs and are moderately higher. Crude prices are...

Barchart

The West is poorer and ‘it's very good news,’ says top inequality researcher. ‘There is no reason why for 2 centuries, people from the West should’ve been at the top’

Westerners can’t afford all the things they used to, Branko Milanović says: “I don't see that as a catastrophic outcome. I see it as a rather good outcome.”

Fortune

Stocks Moves Sideways Today After Yesterday's Rally

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is down -0.06%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.06%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.3%. U.S. stocks are now little changed, after the S&P...

Barchart

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Stocks Push Higher as U.S. Inflation Expectations Fall

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is up +0.12%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.13%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.04%. U.S. stocks this morning are mixed, with the S&P...

Barchart

See latest configuration of China's Tiangong space station in stunning new video

New footage released by China's human spaceflight agency shows the Tiangong space station in its new configuration following a series of arrivals to and departures from the orbital outpost.

Space

Exhibition by Chinese dissident artist opens in Warsaw despite pressure from China

An exhibition by a provocative Chinese artist that criticizes the country's human rights record is opening at a Polish state-run contemporary art museum despite pressure from the Chinese embassy to cancel it

The Independent UK

Copper Prices: A Forecast on When to Expect a Rise in 2023

Copper prices have risen since the pandemic lows, but what can we expect for the remainder of 2023? In this article, we'll take a closer look at the current state of the copper market, examine the factors that affect its price, and forecast when we can expect a rise in…

Barchart

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Markets Today: Stocks Firm on Hopes for Additional Chinese Stimulus

Morning Markets June E-Mini S&P 500 futures (ESM23 ) this morning are up +0.19%, and June Nasdaq 100 E-Mini futures (NQM23 ) are up +0.37%. U.S. stock index futures this morning are moderately higher. Carry-over support from a rally in Asian markets today is underpinning stock futures after the BOJ...

Barchart

The Global South is forging a new foreign policy in the face of war in Ukraine, China-US tensions: Active nonalignment

What does the Ukraine war have to do with Brazil? On the face of it, perhaps not much.

The Conversation

China calls hacking report 'far-fetched' and accuses the US of targeting the cybersecurity industry

China's government has rejected as “far-fetched and unprofessional” a report by a U.S. security firm that blamed Chinese-linked hackers for attacks on hundreds of public agencies, schools and other targets around the world

The Independent UK

Has the world finally reached ‘peak oil’?

The International Energy Agency (IEA) says global oil demand will slow “markedly” in the coming years and a peak is “on the horizon”.

The Week

US, Japan, Philippines agree to strengthen security ties amid tensions over China, North Korea

The national security advisers of the United States, Japan and the Philippines have held their first joint talks and agreed to strengthen their defense cooperation

The Independent UK

Some see the U.S.-China rivalry as an 'existential struggle.' Rep. Andy Kim disagrees

Kim, who sits on the House China panel, disagrees with its chair's characterization of the rivalry. He hopes that Secretary of State Antony Blinken's visit will mean more regular talks with China.

WEKU

China condemns EU Parliament's resolution on Hong Kong's shrinking freedoms

China’s Foreign Ministry has condemned a resolution passed by the European Parliament concerning Hong Kong's shrinking rights to free speech

The Independent UK

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The Hindu

Indonesia Open badminton | Prannoy, Satwik-Chirag enter semifinals; Srikanth bows out

India’s Kidambi Srikanth fought hard before losing to China’s Li Shi Feng in a tough three-game men’s singles quarterfinal of the Indonesia Open World Tour Super 1000 event, in Jakarta on June 16.

Daily Mirror

Inside China's controversial dog meat festival as canines seen on chopping boards

WARNING DISTRESSING IMAGES: The controversial Yulin festival has been held every year since 2009, with footage obtained by an animal rights charity shedding new light on its horrors

Barchart

Stock Index Futures Muted as Investors Weigh Interest Rate Outlook

June S&P 500 futures (ESM23) are down -0.02%, and June Nasdaq 100 E-Mini futures (NQM23) are up +0.09% this morning after three major U.S. benchmark indices rallied on Thursday as a series of economic data pointed to easing inflationary pressures, bolstering hopes that the Federal Reserve will soon end its…

The Independent UK

Palestinian leader Abbas ends China trip after backing Beijing's crackdown on Muslim minorities

Palestinian leader Mahmoud Abbas has wrapped up a trip to China, after seeking economic aid and voicing support for Beijing's repressive policies toward its Muslim minorities

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Barchart

Stock Index Futures Move Higher as Investors Weigh Interest Rate Outlook, China Stimulus Hopes Boost Sentiment

June S&P 500 futures (ESM23) are up +0.10%, and June Nasdaq 100 E-Mini futures (NQM23) are up +0.30% this morning after three major U.S. benchmark indices rallied on Thursday as a series of economic data pointed to easing inflationary pressures, bolstering hopes that the Federal Reserve will soon end its…

Caixin Global

Weekly Must-Read: China Grapples With Hangover From Consumer Lending Boom

The banking regulator has expanded a pilot program for disposal of nonperforming personal loans, allowing hundreds of financial institutions to offload their bad debt

The Independent UK

Bill Gates meets Chinese president Xi Jinping on China visit

Microsoft’s co-founder Bill Gates has met with Chinese President Xi Jinping

Zenger

Jim Cramer After China Rate Cut: ‘Any Stimulus Plan That Works Will Need Help From West’

CNBC “Mad Money” host Jim Cramer weighed in on the Chinese economy and offered a bleak outlook for the U.S. market

Motor1

2024 Chevy Equinox For China Revealed, Likely Previews Next-Gen US Model

The design seems to match what we've been seeing on prototypes of the North American model.

Los Angeles Times

Commentary: Finding a new path to water conservation for the next millennium, for California and the world

In the long sweep of human history, water has always played a central role in determining the geography of civilizations, and eons ago it influenced the migration of our early ancestors out of Africa and across the world. The ability to manage water contributed to the success or failure of…

Chicago Tribune

Editorial: China and Cuba are getting closer. Now is the time for Biden to reengage with Havana

Few countries in the Western Hemisphere have evoked for Americans the spirit of the Monroe Doctrine as much as has Cuba. For years, the Soviets used the island nation 103 miles off the coast of Florida as a listening post, and, in 1962, they brought the world to the brink…

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