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The Latest Breaking News from China

Rupert Murdoch has fuelled polarisation of society, Barack Obama says

Former US president tells Sydney audience that media coverage has helped exacerbate divisions and that we no longer have a ‘shared story’

The Guardian - AU

White House's Sullivan speaks with China's top diplomat Wang Yi -Bloomberg

White House national security advisor Jake Sullivan spoke with China's top diplomat Wang Yi on Friday, Bloomberg News reported on Tuesday, citing people familiar with the matter.

Reuters

Crude Prices Close Higher as Iraq Dispute Curbs Crude Exports

May WTI crude oil (CLK23 ) on Tuesday closed up +0.39 (+0.54%), and May RBOB gasoline (RBJ23 ) closed up +2.54 (+0.96%). Crude oil and gasoline prices Tuesday extended Monday's sharp rally to 2-week highs. Dollar weakness Tuesday was supportive of energy prices. Also, a legal dispute between Iraq, Kurdistan,...

Barchart

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Australian companies 'doubling down' on exports to China despite trade war, AUKUS tensions

It's a relationship worth more than $17 billion and counting. But can the Australian government have its "cake and eat it" when it comes to China?

ABC News

Exiled leader tells US Congress Tibet faces 'slow death' under China

Tibet is dying a "slow death" under Chinese rule, the head of the India-based organization known as Tibet's government in-exile said on Tuesday in a first address to the U.S. Congress.

Reuters

Tech giants caught between escalating U.S.-China tensions

In a visit to China, Apple CEO Tim Cook touted the company's strong relationship with the country.

Axios

China discovers strange glass beads on moon that may contain billions of tons of water

Scientists detected water trapped inside glass spherules on the moon after analyzing soil samples brought back by China's Chang'e-5 mission.

LiveScience

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Crude Oil Gains as Iraq Dispute Curbs Crude Exports

May WTI crude oil (CLK23 ) this morning is up +0.71 (+0.98%), and May RBOB gasoline (RBJ23 ) is up +2.60 (+0.98%). April Nymex natural gas (NGJ23 ) is down -0.006 (-0.29%). Crude oil and gasoline prices this morning extended Monday's sharp rally to 2-week highs. Dollar weakness today is...

Barchart

Four global problems that will be aggravated by the UK's recent cuts to international aid

UK economic forecasts have improved markedly since the September 2022 mini-budget. The economic recession may now be more shallow and public borrowing lower than previously expected.

The Conversation

Alibaba Split Boosts Optimism in Chinese Tech Stocks

Today’s announcement by Alibaba Group Holding (BABA ) that it will split its $220 billion business into six main units encompassing e-commerce, media, and the cloud is another factor that may extend the recent rally in Chinese technology stocks. In addition, mostly better-than-expected earnings results from China’s mega-cap technology stocks...

Barchart

Walking the diplomatic line

New Zealand is increasingly finding itself walking a tightrope between old mates and new friends.

Newsroom.co.nz

With techno-nationalism on the rise, the world needs a peaceful NATO for science and technology

The U.S. should lead a coalition of nations and global talent for innovation that is open, democratically governed, and equitable.

Fortune

Banning TikTok Is a Power the Federal Government Doesn't Deserve

Today, TikTok. Tomorrow, who knows?

Reason

Bankman-Fried charged with paying $40M bribe to China

A new indictment charges FTX founder Sam Bankman-Fried with directing $40 million in bribes to one or more Chinese officials to unfreeze assets relating to his cryptocurrency business

The Independent UK

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Zenger

Global Population Could Peak Below 9 Billion Within 30 Years

The analysis uses 10 world regions such as Sub-Saharan Africa, China and the United States as the global population could peak

Tribune News Service

North Korean defectors are dying lonely deaths in wealthy South

SEOUL, South Korea — Her badly decomposed body was found in a rundown Seoul apartment about a year after she died, discovered only after government housing officials sought to evict her for failing to pay the rent.

Caixin Global

Exclusive: Former Exim Bank Executive Pleads Guilty to Taking Bribes

Li Li, known as the ‘godmother’ of China’s shipping industry, has been charged by prosecutors with accepting almost $14.5 million in ill-gotten gains, sources tell Caixin

InsideEVs

2023 Tesla Model S/X Deliveries Begin In Mainland China

Initially released in the United States in 2021, the Tesla Model S Plaid and Model X Plaid are significantly more expensive in China.

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The Guardian - UK

China spent $240bn on belt and road bailouts from 2008 to 2021, study finds

Rise in emergency financing for other countries since 2016 correlates with drop in infrastructure lending

Space

Hidden water source on the moon found locked in glass beads, Chinese probe reveals

A huge amount of water may be trapped in beads of glass strewn across the moon's surface, an analysis of lunar soil samples delivered by China's Chang'e-5 probe revealed.

Caixin Global

Premier Reassures That China Remains Committed to Opening Markets

Li Qiang says the country is striving to create a ‘first-class business environment’ for foreign investors

Caixin Global

China’s Cyberspace Watchdog Takes Aim at Slander Against Businesses

The authority looks to curb the malicious spreading of false information to create a better environment for private companies and entrepreneurs

Reuters

China's industrial recovery and warm weather drive Q1 smog surge - ministry

A spike in air pollution in China in the first quarter of this year was driven by a post-COVID industrial recovery along with unusually warm weather, a government official said on Tuesday.

France 24

US, Japan agree deal on trade in EV battery minerals

The United States and Japan have agreed a deal on trading in minerals that are key to making electric car batteries. The aim is to bolster EV (electric vehicle) battery supply chains and reduce the countries' reliance on China. The deal will give Japanese carmakers wider access to $7,500 tax…

The Independent UK

China ambassador arrives in North Korea in sign of reopening

China says its new ambassador to North Korea has taken up his post, in a sign the North is reopening amid reports it has been suffering heavily from the COVID-19 pandemic and food shortages

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