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The Latest Breaking News from China

Former chairman of China's chipmaking champion gets suspended death sentence in corruption and embezzlement case

Zhao Weiguo has been given a suspended death sentence.

Tom’s Hardware

‘Tears blur my vision’: Australian writer jailed in Beijing thanks Albanese for support in emotional letter

Yang Hengjun writes he can ‘only use a silent voice to thank you and all the people who care for and love me’

The Guardian - AU

Global EV sales up almost 30% in April, with the US falling behind

China and Europe were bright spots for the EV market in April, although sales dropped in North America, hit by Trump tariffs and uncertainty over green policies.

Euronews

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Cambodia hosts China for their latest and largest joint military exercise

Cambodia’s armed forces have launched their latest — and largest — Golden Dragon joint military exercise with China

The Independent UK

Equity Markets Swing As China-US Trade Euphoria Fades

Data showing US inflation unexpectedly slowed last month provided some cheer, though observers pointed out that the real impact of Donald Trump's "Liberation Day" tolls will not likely be felt until May's readings.

Latin Times

The U.S.-China detente could ‘save Christmas,’ but expect ‘a rush of ordering the likes we’ve never seen before,’ economist says

Importers traumatized by the empty shelves during COVID lockdowns are pulling out all the stops to stock up ahead of the holiday shopping season.

Fortune

Japanese carmakers slash profit outlooks as they face down U.S. tariffs and Chinese EVs

Toyota and Honda cut their annual forecast by double digits. Nissan declined to issue one for the time being.

Fortune

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Wall Street is up to its armpits in bullish calls as tech stocks roar back

But S&P futures were down nearly 1% this morning, premarket.

Fortune

Chinese businesses view tariff pause with caution and uncertainty

While U.S. President Donald Trump has talked of victory after reaching a weekend deal with China to reduce the sky-high tariffs levied on each others’ goods, businesses in China are reacting to the temporary deal with a cautious wait and see approach

The Independent UK

China’s Baidu plans to launch driverless taxis in Europe

Self-driving taxis will come to Switzerland by the end of the year, report claims

The Independent UK

S&P Futures Muted as Rally Loses Steam, Fed Speak on Tap

June S&P 500 E-Mini futures (ESM25) are trending down -0.04% this morning as market participants look for new catalysts following the recent rally driven by a soft U.S. inflation reading and the U.S.-China trade truce that pushed the benchmark index into positive territory for the year.

Barchart

Want to beat Trump? Wait him out

It doesn't even take that long. Just look at how quickly he caved on his China tariffs

Salon

Major Breakthrough: China Approves Boeing Deliveries in Signal of Renewed US Trade Ties

For Boeing, facing £61.7 billion ($82 billion) in losses since 2018, this breakthrough offers critical relief, but can it restore confidence in a battered aerospace giant?

International Business Times UK

Baidu Plans Self-driving Taxi Tests In Europe This Year

China's tech companies and automakers have poured billions of dollars into self-driving technology in recent years, with intelligent driving the new battleground in the country's cutthroat domestic car market.

International Business Times

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The Guardian - UK

China issues warning to UK over terms of US trade deal

UK accused of aligning with US in move that could compel firms to exclude Chinese products from supply chains

International Business Times

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.

Fortune

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.

The Guardian - UK

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

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Al Jazeera

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.

The Guardian - UK

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

International Business Times

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.

The Guardian - AU

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

Euronews

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.

International Business Times

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.

The Independent UK

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

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