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The Latest Breaking News from China

Burberry Warns 1,700 Jobs At Risk After Annual Loss

The troubled group is in the midst of a turnaround plan to help boost sales and cut costs as the global luxury sector struggles with weak consumer demand, notably from China.

International Business Times

Chinese companies are secretly powering North Korea’s global IT workers scheme

A host of Chinese front companies could be helping North Korean IT workers infiltrate U.S. businesses, a report reveals.

Fortune

Trump says there’s a ‘possibility’ he will attend Russia-Ukraine peace talks in Turkey – as it happened

Kremlin refuses to say whether Russian president will be part of delegation

The Guardian - UK

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Putin not included on Russia’s list for Ukraine talks in Turkiye

Negotiators had hoped to have direct talks between Zelenskyy and Putin in Turkiye.

Al Jazeera

Britain’s biggest pawnbroker H&T snapped up by US firm for £297m; Goldman Sachs lifts UK and eurozone growth forecasts – as it happened

China issues warning to UK over terms of US trade deal, saying it is a ‘basic principle’ that bilateral agreements should not target other nations

The Guardian - UK

Colombia Joins Belt And Road Initiative As China Courts Latin America

Colombia formally agreed on Wednesday to join China's vast Belt and Road infrastructure initiative, as Beijing draws Latin America closer in a bid to counter the United States.

International Business Times

Pakistan’s use of J-10C jets and missiles exposes potency of Chinese weaponry

Shooting down of India’s planes by Beijing’s customer Pakistan would mark the first time the fighters and their PL-15 missiles have been used in combat

The Guardian - AU

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Nvidia stock soars on US-Saudi AI deal backed by Trump, bin Salman

Nvidia’s shares soared amid billions of dollars in artificial intelligence investment deals made between US President Donald Trump and Saudi Arabia’s Crown Prince Mohammed bin Salman, as the Trump administration deepens ties with the wealthy Middle Eastern nation.

Euronews

China, US To Lift Sweeping Tariffs In Trade War Climbdown

The United States and China will lift sweeping tariffs on each others' goods for 90 days on Wednesday, after a temporary ceasefire in a brutal trade war that roiled global markets and international supply chains.

International Business Times

Asian shares mostly gain amid cautious relief over U.S.-China agreement

Asian shares are mostly higher as a cautious sense of relief spreads through regional markets after the U.S. and China agreed to a 90-day pause in their trade war to allow for negotiations

The Independent UK

Asian Markets Swing As China-US Trade Euphoria Fades

Asian stocks fluctuated Wednesday, with investors struggling to track a strong day on Wall Street as euphoria over the China-US trade detente petered out.

International Business Times

'Panic And Paralysis': US Firms Fret Despite China Tariff Reprieve

President Donald Trump's rollercoaster tariff row with Beijing has wreaked havoc on US companies that rely on Chinese manufacturing, with a temporary de-escalation only expected to partially calm the storm, analysts and business owners say.

International Business Times

Buy This Dividend Stock Yielding Over 4% After the China Tariff Pause

With a dividend yield of over 4%, HP Inc. looks like a good stock to buy amid positive progress on trade deals.

Barchart

China attacks UK trade deal with US

Beijing said it was a ‘basic principle’ that such agreements should not target other nations.

Evening Standard

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The Independent UK

US-China deal to slash tariffs also eases burden on cheap packages

Online shoppers in the U.S. will see a price break on their purchases valued at less than $800 and shipped from China after the Trump administration reached a truce with Beijing over sky-high tariffs

Barchart

Stocks Finish Higher on Easing Price Pressures and Chip Stock Strength

The S&P 500 Index ($SPX ) (SPY ) Tuesday closed up +0.72%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -0.64%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +1.58%. June E-mini S&P futures (ESM25 ) are up +0.64%, and June E-mini Nasdaq futures...

The Guardian - AU

PM says Australia has ‘no more important relationship’ than with Indonesia – as it happened

This blog is now closed

Fortune

S&P 500 erases 2025 losses as Nvidia jumps almost 6% on chip deal with Saudi Arabia

The S&P 500 rose around 1% Tuesday, erasing losses for the year.

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Space

A tiny glass bead from the moon offers clues to its hidden interior

A glass bead retrieved by China's Chang'e-5 lunar mission is offering a glimpse into the moon's hidden interior and violent past.

Barchart

Crude Sharply Higher on Dollar Weakness and Additional US Sanctions on Iranian Oil

June WTI crude oil (CLM25 ) Tuesday closed up +1.72 (+2.78%), and June RBOB gasoline (RBM25 ) closed up +0.0329 (+1.54%). Crude oil and gasoline prices Tuesday settled sharply higher, with crude posting a 2-week high and gasoline posting a 6-week high. Dollar weakness Tuesday supported energy prices as did...

InsideEVs

Car Companies Once Had Global Ambitions. That Era Is Ending

Twenty years ago, Ford CEO Alan Mulally revitalized the company in part through his "One Ford" strategy. It saw the Blue Oval doubling down on its global ambitions while reducing the number of disparate vehicles for different markets. It seemed like the natural course for what was then a hyper-globalized…

LiveScience

China signs deal with Russia to build a power plant on the moon — potentially leaving the US in the dust

A new memorandum has firmed up China and Russia's intent to lead the construction of a new lunar base to be completed by 2036, as NASA talks about scaling back its own lunar ambitions.

Space

China launches trio of Yaogan remote-sensing satellites to orbit (video)

On Sunday (May 11), China launched a trio of Yaogan satellites classified as electromagnetic environment detection spacecraft.

The Conversation

Russia-China ties on full display on Victory Day – but all is not as well as Putin is making out

Chinese troops participating in Russia’s Victory Day parade in Red Square, Moscow, on May 9 is a clear indication that President Xi Jinping is fully committed to his “no-limits” partnership with his Russian counterpart, Vladimir Putin.

Barchart

Analysts Think This ‘Strong Buy’ Consumer Staples Stock Can Break Free of China. Should You Buy Shares Now?

This consumer staples stock is moving its supply chain out of China and has received heavy support from Wall Street.

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