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The Latest Breaking News from China

China detains staff, raids office of US due diligence firm Mintz Group

Chinese authorities raided the office of U.S. corporate due diligence firm Mintz Group in Beijing and detained five local staff, the company said, putting foreign companies in China on alert just as the country hosts an international economic forum.

Reuters

‘Like a war zone’: Congress hears of China’s abuses in Xinjiang ‘re-education camps’

Pair tell of witnessing or experiencing torture and brainwashing, as Republicans and Democrats vow to document ‘genocide’

The Guardian - US

Weekly Must-Read: Why China’s Bond Traders Got Cut Off From the Data They Needed

Financial regulators stood at the center of last week’s tumultuous suspension of services that provide crucial price information to traders

Caixin Global

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Philippines confronting Chinese diplomats over sea disputes

A Philippine official says Filipino diplomats are expected to unleash protests over China’s aggressive behavior in the South China Sea when they meet with Chinese officials Friday

The Independent UK

India set to surpass China in need for oil as growth paths diverge

NEW DELHI: A change is on the horizon for oil demand, with India set to eclipse China as the most important driver of global growth — and potentially the last, as the world shifts to a greener future.

The Times of India

China authorities raid US due diligence firm, detain staff

Raid on the Mintz Group office in Beijing comes as China prepares to hold its annual economic forum.

Al Jazeera

Philippines, China to use diplomacy to address maritime issues

Maritime issues between the Philippines and China remain a "serious concern", a Philippine official said on Friday, as the countries pledged to use diplomacy to resolve differences peacefully during high-level talks.

Reuters

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New Zealand foreign minister to discuss security with Chinese counterpart on Friday

New Zealand Foreign Minister Nanaia Mahuta said she will discuss concerns about key regional and global security challenges when she meets with her Chinese counterpart, foreign minister Qin Gang in Beijing Friday.

Reuters

TikTok CEO grilled by skeptical US lawmakers over national security threat

A nearly six-hour grilling of TikTok’s CEO by lawmakers brought the platform’s 150 million US users no closer to an answer as to whether the app will be wiped from their devices.

France 24

Is TikTok Gonna Get Banned For Good? Here’s Everything Going Down In The Clock App Court Case

Yes, they asked TikTok why the app connected to Wi-Fi.

Pedestrian.tv

Skeptical congressional panel questions TikTok boss on safety, content

TikTok CEO Shou Zi Chew faced hostile questions from Democrats, Republicans concerned about the company’s ties to China’s government, security, user data collection.

Chicago Sun-Times

AI chatbots with Chinese characteristics: why Baidu's ChatGPT rival may never measure up

On March 16, Baidu unveiled China’s latest rival to OpenAI’s ChatGPT – ERNIE Bot (short for “Enhanced Representation through kNowledge IntEgration”). The “multi-modal” AI-powered chatbot can generate text, images, audio and video from a text prompt.

The Conversation

UK should stay out of talks to halt Russia’s invasion of Ukraine – Lord Owen

The former foreign secretary said Rishi Sunak should not talk to Vladimir Putin and any peace talks should be conducted by the two warring countries.

The Independent UK

China’s huge quarantine camps standing months after ‘zero COVID’

Satellite imagery shows facilities are still intact nearly four months after end of Beijing’s draconian pandemic policy.

Al Jazeera

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The Guardian - US

Key takeaways from TikTok hearing in Congress – and the uncertain road ahead

Lawmakers grilled the social media app’s CEO over its relationship with China and protections for young users

The Guardian - UK

Inside Taiwan: Standing Up to China review – a gripping analysis of potential nuclear Armageddon

This documentary showcases Taiwanese citizens paying to train at private military camps, national service surging and the island stockpiling weapons. Will China really spark war?

ABC News

Beef exports resume between Brazil and China after four-week suspension of trade

After a four-week trade suspension, Brazil has confirmed it will resume exporting beef to China.

Tom’s Hardware

China Develops Domestic Chiplet Interface

China develops its own ACC chiplet interface that is incompatible with UCIe.

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news in one place.

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Al Jazeera

Key takeaways: TikTok CEO Shou Zi Chew testifies to US Congress

TikTok executive seeks to push back on legislators’ claims that the Chinese-based app poses a national security threat.

Bangkok Post

WHA calls for luring further FDI

SET-listed WHA Corporation, the country's largest developer of built-to-suit logistics facilities, is calling for the next government to take advantage of more foreign investment, especially from China, to boost technology transfers and local employment.

The Japan News/Yomiuri

Gaps seen in economic cooperation stance

BEIJING -- Chinese President Xi Jinping and Russian President Vladimir Putin confirmed Tuesday during their meeting in Moscow that their nations will further strengthen economic cooperation in areas including natural gas and currency trading. China is offering support to Russia, which is suffering from U.S. and European sanctions over its…

Caixin Global

China Issues Final Rules for Overhaul of $3 Trillion Trust Industry

Regulations aimed at wringing out risk and imposing tougher oversight on a troubled industry take effect June 1

ABC News

Attorney-general responds to Lidia Thorpe incident, school shooter's parents may face trial, and TikTok CEO grilled — as it happened

The news Australia is searching for, and all the news that happened while you snoozed: This is The Loop, your quick catch-up for this morning's stories as they happened.

Al Jazeera

Russian forces appear to lose steam as Ukraine prepares offensive

Putin strengthens his ties with China in 56th week of the war, but his forces seem to lose momentum on the battlefield.

Barchart

Crude Erases Early Gains as U.S. Delays Refilling SPR

May WTI crude oil (CLK23 ) on Thursday closed down -0.94 (-1.33%), and May RBOB gasoline (RBJ23 ) closed up +1.27 (+0.49%). Crude oil and gasoline prices Thursday fell back from 1-week highs and settled mixed. A recovery in the dollar Thursday sparked long liquidation in crude futures after the...

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