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The Latest Breaking News from China

Synopsys Stock Falls on China Ban, But Long-Term Outlook Holds

Synopsys is caught up in the U.S.-China trade war. Is this a reason to run, or is the long-term upside still in play for this essential chip-design enabler?

MarketBeat

US Adversaries Fuel Disinformation About LA Protests

Russia, China and Iran are amplifying disinformation about protests over immigration raids in Los Angeles, researchers said Friday, adding to a surge of domestically generated falsehoods and conspiracy theories.

International Business Times

What it takes to lead through volatility and uncertainty

Many of the lessons learned about resiliency during the pandemic can be applied to current geopolitical events.

Fortune

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Nvidia is nixing China from its financial forecasts because U.S. restrictions on chip sales have tightened so much, Jensen Huang says

The chip executive is “10% politician, 90% CEO,” Wedbush analyst Dan Ives said. “He needs to be cautious on their financial guidance, given the China variable.”

Fortune

Tariffs on Chinese Goods Drop to 55%, but That's Cold Comfort for Consumers

Triple-digit bilateral tariffs have been brought down to double digits. Negotiations on semiconductors and rare earth elements will continue.

Reason

These free VPNs may have ties to China’s military – and they are still hidden in Apple and Google app stores

New research reveals 17 VPN apps with undisclosed Chinese ownership, and big tech may be making a profit

TechRadar

China’s Everest obsession: following Mallory’s footsteps a century on, I saw how tourism and climate change are transforming the mountain

To the discerning eye, other mountains are visible – giants between 23,000 and 26,000 feet high. Not one of their slenderer heads even reaches their chief’s shoulder. Beside Everest they escape notice, such is the pre-eminence of the greatest. (George Mallory, 1922)

The Conversation

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China to remove tariffs on African imports to boost trade

China says it will sign a new economic pact with Africa that will get rid of all tariffs on the 53 African states it has diplomatic ties with – a move that could benefit middle-income nations as they prepare for tariff hikes on products entering the United States.

Radio France Internationale

The deadline approaches for Trump’s ‘90 deals in 90 days.’ So far he has ‘frameworks’ for two

President Donald Trump’s sweeping ‘Liberation Day’ tariffs that he ushered in on April 2 are set to go into effect in less than a month

The Independent UK

Consumer sentiment rose in June for 1st time this year as inflation remains stayed tame

Consumer sentiment increased in June for the first time in six months, the latest sign that Americans’ views of the economy have improved as inflation has stayed tame and the Trump administration has reached a truce in its trade fight with China

The Independent UK

Long-distance stray: Cat stows away in shipping container from China to Minnesota for three-week journey

‘We’ve seen a lot over the years, but this was truly a first,’ the animal control team

The Independent UK

Nuclear energy is a risky investment, but that’s no reason for the UK government to avoid it

The UK government’s investment of around £14 billion in a new nuclear power plant marks a big economic shift for the country’s approach to energy.

The Conversation

A severe tropical storm heads for southern China after toppling trees on Hainan island

Chinese authorities have evacuated thousands of people, closed schools and canceled flights as a severe tropical storm dumps heavy rain on parts of Hainan island and heads for the country’s southern coast

The Independent UK

Direct flights between India and China to resume soon in landmark deal

The two countries have also talked about economic and trade deals

The Independent UK

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Barchart

Stock Index Futures Plunge After Israel Attacks Iran

June S&P 500 E-Mini futures (ESM25) are down -1.18%, and June Nasdaq 100 E-Mini futures (NQM25) are down -1.46% this morning, pointing to a sharply lower open on Wall Street as sentiment took a hit following Israel’s attack on Iran’s nuclear and military facilities.

The Guardian - UK

Weather tracker: Europe and China in midst of record-breaking heat

Temperatures over 40C recorded in Portugal and Spain, while China endures heatwave conditions in high 40s

The Guardian - AU

New Zealand PM to meet Xi Jinping as former leaders warn against becoming an ‘adversary’ of China

Christopher Luxon’s visit to Beijing comes as former NZ PMs warn the country must not become part of defence arrangements ‘explicitly aimed at China’

The Independent UK

China and Hong Kong national security authorities launch 1st publicly known joint operation

China’s national security authorities in Hong Kong and the city’s police launched their first publicly known joint operation, raiding the homes of six people on suspicion of colluding with foreign forces to endanger national security

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AAP

NZ PM Luxon secures Xi Jinping meeting in China

The New Zealand prime minister has announced a first visit to China, travelling to Beijing and Shanghai next week.

Bangkok Post

China-only livestreamers busted at Bangkok mall

Police have arrested a group of Chinese and Thai nationals who set up a livestreaming operation in a shop at a Bangkok mall to sell unlicensed Thai products exclusively to Chinese people, generating at least 30 million baht per day.

The Conversation

With Trump undoing years of progress, can the US salvage its Pacific Islands strategy?

Since 2018, the United States has worked, albeit often haltingly, to regain its footing with Pacific Island countries. It’s done this largely by reflecting a sentiment familiar in Pacific capitals: the region is not a geopolitical backwater, but a crucial strategic zone in the 21st century.

International Business Times

Trump's China Trade Truce Met With Industry Skepticism Over Lasting Tariff Impact

Trump's new China trade deal keeps steep tariffs, sparking concern among U.S. industries over long-term economic impact.

The Independent UK

Lithium used in electric car batteries cannot be produced fast enough for demand, study finds

Even a tenfold increase in production may not be enough, researchers say

Tom’s Hardware

ARM CEO joins Nvidia in stance against US export controls — Rene Haas says narrower access 'not good' for industry or consumer

ARM CEO joins Nvidia in stance against U.S export controls

Tom’s Hardware

Nvidia CEO Jensen Huang says Huawei will take advantage if AI chip restrictions continue — 'our technology is a generation ahead of theirs', but not for long

Nvidia CEO Jensen Huang says US tech isolationism may result in handing major wins to Huawei and the Chinese AI software stack. While Huawei may be lagging behind US tech, the time may come when it can catch up and perhaps surpass US interests.

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