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The Latest Breaking News from China

Developing Countries Should Fast-track US Trade Deals: World Bank President

Developing countries should strike swift trade deals with the United States at the "earliest possible" opportunity, the president of the World Bank told AFP Friday, after a busy week with global financial leaders in Washington.

International Business Times

Apple to move assembly of US phones to India in shift away from China

Apple is in talks with its outsourcing partners in India to execute this plan amid soaring trade tensions, as per FT.

Al Jazeera

Stocks Finish Higher as Megacap Tech Stocks Rally

The S&P 500 Index ($SPX ) (SPY ) Friday closed up +0.74%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.05%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +1.14%. June E-mini S&P futures (ESM25 ) are up +0.73%, and June E-mini Nasdaq futures...

Barchart

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Stock Market Today: Great Power Affairs Mesmerize Markets

The U.S. and China are at least talking about talking about tariffs, and investors, traders and speculators are showing a little less fear.

Kiplinger

Dollar Slightly Higher on Possible Tariff Relief

The dollar index (DXY00 ) Friday rose by +0.11%. The dollar posted modest gains Friday in hopes of de-escalation of the US-China trade war. Bloomberg reported Friday that the Chinese government is considering suspending the 125% tariffs on some US imports, including medical equipment and industrial chemicals like ethane. The...

Barchart

Crude Prices Moderately Higher on Hopes of De-Escalation of Tariffs

June WTI crude oil (CLM25 ) Friday closed up +0.23 (+0.37%), and June RBOB gasoline (RBM25 ) closed up +0.0109 (+0.52%). Crude oil and gasoline prices settled moderately higher on Friday. The hope that the US-China trade war would de-escalate gave crude prices a boost after Bloomberg reported that the...

Barchart

Six things we learned about the future of energy security at UK summit

Critical minerals, nuclear power and the ‘weaponisation’ of energy supplies were discussed at international conference

The Guardian - UK

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Empty store shelves are coming as companies cancel orders from China amid tariff concerns

Number of freight vessels scheduled to arrive at the Port of Los Angeles is on track to be down by 31 percent for the week ending May 10

The Independent UK

Leading by example: how the rich and powerful can inspire more climate action

In a survey covering the UK, China, Sweden and Brazil, a majority of people agreed that we need to drastically change the way we live and how society operates, to address climate change. Another study involving more than 130,000 people across 125 countries found that 69% said they would donate…

The Conversation

World’s first robot boxing match to be held in China

Unitree’s G1 bot will fight for the title of the ‘Iron Fist King’ against another child-sized humanoid robot

The Independent UK

China Will Teach Kids AI Across the Country - In the US, It Depends on Your Zip Code

Exploring contrasting approaches in teaching artificial intelligence across two global superpowers

International Business Times UK

Powercolor Radeon RX 9070 GRE pictured which means the new AMD GPU is probably arriving sooner than we expected but it may be restricted to China

As ever, its appeal will be all about pricing.

PC Gamer

Putin and Netanyahu absent from Pope Francis' funeral, Beijing remains silent

Russia and Israel will be represented at Pope Francis’ funeral — but China is likely to stay absent.

Euronews

Waymo Might Sell You A Robotaxi One Day

This decade will likely go down in history as the one where electric vehicles truly took off. Now, as automakers sow the seeds for self-driving cars, the next decade could be the era of the robotaxi. And no, they probably won’t be limited to fleets and ride-hailing services. Personal self-driving…

InsideEVs

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Barchart

Crude Prices Dip on Dollar Strength and Concern the US-China Trade War Persists

June WTI crude oil (CLM25 ) today is down -0.10 (-0.16%), and June RBOB gasoline (RBM25 ) is up +0.0067 (+0.32%). Crude oil and gasoline prices today are mixed. Today's stronger dollar is weighing on energy prices. Crude prices are also under pressure on concern the China-US trade war will...

Barchart

Trump’s Tariffs Threaten Tesla’s Semi and Cybercab. How Should You Play TSLA Stock Here?

This article examines how Trump’s tariffs could affect Tesla’s Semi and Cybercab projects and offers insight on how investors might approach TSLA stock in response.

Barchart

Stocks Mixed on Tariff News and Corporate Earnings Results

The S&P 500 Index ($SPX ) (SPY ) today is down -0.04%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.55%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.06%. June E-mini S&P futures (ESM25 ) are down -0.06%, and June E-mini Nasdaq futures...

Euronews

Apple plans to switch US iPhone assembly to India in blow to China

Rising tariff and trade tensions between the US and China could significantly impact Apple’s sprawling supply chain, which is still heavily dependent on China.

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International Business Times

China Reportedly Rolls Back Chip Tariffs Amid Ongoing US Trade Tensions

China has quietly rolled back tariffs on some U.S. semiconductors, signaling a shift amid ongoing trade tensions with the US.

Barchart

Is Skechers Stock Too Cheap to Ignore After Q1 Earnings?

After the recent drop, the stock’s current valuation might be offering a compelling buying opportunity.

Barchart

Dollar Gains on Hopes of De-Escalation of US-China Trade Conflict

The dollar index (DXY00 ) today is up by +0.25%. The dollar is trading higher today in hopes of de-escalating the US-China trade war. Bloomberg reported that the Chinese government is considering suspending the 125% tariffs on some US imports, including medical equipment and industrial chemicals like ethane. The dollar...

Barchart

Stocks Pressured by Mixed Trade News and Corporate Earnings Results

The S&P 500 Index ($SPX ) (SPY ) today is down -0.30%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.55%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.26%. June E-mini S&P futures (ESM25 ) are down -0.25%, and June E-mini Nasdaq futures...

Radio France Internationale

'Building trust' key to solving climate crisis, Cop30 president tells RFI

With 2024 confirmed as the hottest year on record, pressure is mounting on all countries to step up their climate commitments. In just over six months, world leaders will convene in Brazil for Cop30. Its president, André Corrêa do Lago, has warned the era of empty promises is over, but…

International Business Times

Trump Claims China's Xi Called Him On Tariffs

US President Donald Trump has insisted Chinese leader Xi Jinping called him despite Beijing denials of any contact between the two countries over their bitter trade dispute.

Euronews

Opposite effect: Could Trump's tariffs end up cooling inflation in Europe?

Trump's tariff push may cool down rather than heat up inflation in Europe. Falling energy prices, a stronger euro and excess goods supply from China are disinflationary forces, likely prompting the ECB to consider deeper rate cuts down the road.

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