Business Brief (June 1): China’s Commerce Ministry Warns EU Over Trade Measures AI and EV growth squeezes copper supply, securities industry group issues draft guidelines on cross-border data flows Caixin Global · Jun 1
China's factory activity flatlines in May casting doubt over the economy China's manufacturing sector barely held its ground in May, with official data showing activity slipping to its weakest reading in three months as the fallout from the Iran war and entrenched domestic weakness raise fresh doubts about Beijing's growth ambitions. Euronews · Jun 1
China enters its flood season; heavy rain expected in the south China has entered its flood season with heavy rains forecast for the south. Some northern areas and major river basins will experience below-average rainfall. Authorities are preparing for severe flood control challenges. El Nino is expected to peak later this year, potentially increasing southern precipitation and overall temperatures across China.… The Economic Times · Jun 1
'The United States scares me,' former Commission deputy boss Vera Jourová tells Euronews Exclusive: Former European Commission Vice-President Vera Jourová said the current US administration "scares" her more than the challenges posed by Russia or China. Euronews · Jun 1
India's brain-gain moment may be starting with a crack in the American dream As green card backlogs, visa uncertainty and layoffs reshape the American dream, India is emerging as a stronger destination for globally experienced professionals. Experts say GCCs, AI, semiconductors and product firms could absorb returning talent, though compensation gaps and ecosystem challenges remain. The Economic Times · Jun 1
How can Europe secure its critical industries from China? Ask the Euronews AI chatbot Europe wants to de-risk from China to reduce its vulnerability in areas key to economic security and green transition. But how has the EU boosted its strategic autonomy so far? Ask the Euronews AI chatbot. Euronews · Jun 1
Thai airline cuts key tourist routes citing rising jet fuel costs The changes affect destinations like China, Japan, Indonesia, Singapore and Nepal The Independent UK · Jun 1
Nvidia to work with US, European humanoid robot makers in addition to China's Unitree After CEO Jensen Huang's keynote address in Taiwan on Monday ahead of the Computex trade show, Nvidia announced that the company is working with China's Unitree, a leading maker of humanoid robots, to provide a standardized version of Unitree's H2 robot that can be used by academic researchers. The Economic Times · Jun 1
GOODYEAR BRINGS ROAD SAFETY INITIATIVE TO KUNSHAN KUNSHAN, China, June 1, 2026 /PRNewswire/ -- The Goodyear Tire & Rubber Company, in collaboration with the China Association of Automobile Manufacturers (CAAM) and the China Road Safety Association (CRSA), conducted a road safety education program for students at Shiyu Elementary School in Kunshan. The event also marked the start… AAP · Jun 1
Bakery China 2026 Concludes Successfully, Advancing Global Integration and Innovation in the Bakery Industry SHANGHAI, June 1, 2026 /PRNewswire/ -- Bakery China 2026, the 28th edition of the exhibition, concluded successfully on May 23 at the National Exhibition and Convention Center (NECC) in Shanghai, reinforcing its role as a major global platform for the bakery and confectionery industry. Co-organized by the China Association of… AAP · Jun 1
Asia's factory output expands as firms stockpile buffers over Iran war risks Asian factories saw steady growth in May. Companies built up stocks to counter potential supply disruptions from the Middle East conflict. China's manufacturing expanded for the sixth month, while South Korea's activity reached a five-year high. Japan also reported expansion despite rising input costs. This regional push highlights efforts to… The Economic Times · Jun 1
China patrols east Taiwan waters ahead of Japan-Philippines maritime delimitation talks China’s coast guard said on Monday that it had carried out “law enforcement” patrols in waters east of Taiwan in response to plans by Japan and the Philippines to begin maritime boundary delimitation talks in an area Beijing claims as its own, escalating tensions over disputed waters in the western… The Times of India · Jun 1
NT:Fast track for globally important rare earths project An outback rare earths mine and processing plant will be fast-tracked through government approvals as China's dominance in the sector is challenged. AAP · Jun 1
Embracing a Zero-Carbon Future | The 6th LiuGong Global Customer Day Held in Liuzhou LIUZHOU, China, June 1, 2026 /PRNewswire/ -- On May 31, the 6th LiuGong (000528.SZ) Global Customer Day was held in Liuzhou, China. Mr. Su Zimeng, President of the China Construction Machinery Association, Mr. Song Zhiping, President of the China Association for Public Companies, Mr. Zheng Jin, Chairman of LiuGong Group… AAP · Jun 1
The Economic Times · Jun 1 US takes step to halt Nvidia AI chip shipments to Chinese firms outside China The unexpected guidance suggests the United States' best AI chips may have been making their way to the subsidiaries of Chinese AI firms based in places like Malaysia for almost a year despite broader US efforts to starve Chinese firms of semiconductors needed to develop critical AI capabilities.
AAP · Jun 1 China International ITS Industry Expo 2026 Concludes, Showcasing China's Strength Through Cutting-Edge Capabilities XIAMEN, China, June 1, 2026 /PRNewswire/ -- On May 15, 2026, the three-day CITSE 2026 successfully concluded. Co-organized by China Intelligent Transportation Systems Association and Xiamen C&E Group, this year's CITSE 2026 was themed "Focus on Industrial Innovation and Transformation, Empower the Construction of the Overseas Expansion Ecology." CITSE 2026…
Tom’s Hardware · Jun 1 AMD’s formerly China-exclusive Radeon RX 9070 GRE goes global for $549 on June 2 — RDNA 4 GPU will bridge the gap between RX 9060 XT and RX 9070 AMD has officially launched the Radeon RX 9070 GRE for $549, an RDNA 4 graphics card that was previously exclusive to the Chinese market.
The Economic Times · Jun 1 India's chip startups cross from prototype to production Indian semiconductor startups like Netrasemi, Mindgrove, and Agnit are nearing commercial production, with some already running customer pilots and aiming for large-scale output by late 2027. Government incentives are accelerating this progress, but worsening global supply chain pressures, particularly from China, are creating significant production challenges and extending delivery timelines.
The Times of India · Jun 1 Nepal, India encroaching on each other's land, UK must step in: PM Balen Shah NEW DELHI: Nepal PM Balendra Shah backed dialogue and diplomacy to resolve the border dispute with India but, in remarks unlikely to go down well with New Delhi, he also urged the UK to take interest in addressing the issue, saying his govt had already discussed it with London and…
Fortune · May 31 Wall Street may have solved a nagging mystery in global oil markets as doomsday scenarios have yet to arrive China has quietly emerged as the global oil market's stealthy swing consumer, potentially holding off doomsday a while longer.
The Economic Times · May 31 US allies urge unity in face of growing global security threats At the Shangri-La defence conference in Singapore, allies of the United States urged greater unity in the face of growing global security threats, warning that divisions among partners could weaken deterrence. Shinjiro Koizumi said cooperation between the US, Europe and like-minded nations must be strengthened as regional and global challenges…
The Guardian - UK · May 31 The Guardian view on the splinternet: where China led, Iran and others are eagerly following Editorial: Authoritarian states are increasingly shutting off or throttling access to the internet, creating separate spheres in a realm built on connection
AAP · May 31 CGTN: China-Africa ties at 70: From shared struggles to a common dream of modernization BEIJING, May 31, 2026 (GLOBE NEWSWIRE) -- This year marks the 70th anniversary of China-Africa relations. CGTN has published an article highlighting Africa's priority role in China's overall foreign policy, while tracing how the China-Africa partnership has been forged and strengthened over decades. The article also explores how deepening cooperation…
MarketBeat · May 31 NXP Semiconductors Turns More Optimistic as Auto Demand and Data Center Sales Improve NXP Semiconductors (NASDAQ:NXPI) is seeing a more constructive demand environment than it did several months ago, particularly in automotive, Executive Vice President of Investor Relations Jeff Palmer said at TD Cowen’s Technology, Media & Telecom Conference. Speaking with TD Cowen semiconducto
The Economic Times · May 31 China conducts patrols near Scarborough Shoal, Philippines dismisses drill assertions as "unfounded" China claims its military conducted combat readiness patrols near the disputed Scarborough Shoal. Philippine authorities have dismissed these claims as unfounded. While Chinese vessels are present, Manila states no active military drills are taking place. This development follows joint maritime exercises by Philippine and US forces in the same waters.