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The Latest Breaking News from China

Trump still wants Apple to build your iPhone in the US, not India, and this won't end well

The economics of manufacturing iPhones in the US don't add up, and that situation is unlikely to change, even as Trump pushes for it.

TechRadar

Crude Prices Finish Sharply Lower on Fears of a Global Oil Glut

June WTI crude oil (CLM25 ) Thursday closed down -1.53 (-2.42%) and June RBOB gasoline (RBM25 ) closed down -0.0356 (-1.64%). Crude oil and gasoline prices fell sharply Thursday after President Trump said the US and Iran are getting closer to a nuclear deal, which could ease sanctions on Iranian...

Barchart

Is There More Downside in Crude Oil?

Nearby June NYMEX crude oil futures prices fell to a $55.30 per barrel low on May 5, just above the most recent $54.67 bottom on April 9. While the energy commodity made a higher low and has rallied, the trend remains bearish, and lower lows could be on the horizon.

Barchart

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Trump is playing a 'game of chicken' with Tim Cook over Apple's India production to pressure for 'full-blown' U.S. manufacturing, analyst says

“It's just saying, ‘I think we can squeeze a little bit more out of you,’” Morningstar technology analyst William Kerwin told Fortune.

Fortune

Ray Dalio’s Bridgewater Associates Just Increased Its Holdings in This Chinese AI Stock by Over 3,360%

Ray Dalio's Bridgewater Associates released its 13F filing yesterday, which showed an interesting bet on this Chinese AI stock amid the ongoing U.S.-China trade war.

Barchart

Putin dodges peace talks in Istanbul as Russia pushes for territorial concessions from Ukraine

This article was first published in The Conversation UK’s World Affairs Briefing email newsletter. Sign up to receive weekly analysis of the latest developments in international relations, direct to your inbox.

The Conversation

Under of a cloud of tariffs, Walmart is the latest retailer to announce price hikes

Volley after volley of tariffs — and at times on-again, off-again trade actions — have put companies around the world on edge

The Independent UK

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Tariffs could hike up your air conditioning bill for your home and car this summer

A coolant shortage and forecasts calling for rising temperatures are both likely to contribute to air conditioning price increases

The Independent UK

Crude Prices Tumble as Prospects Improve for a US-Iran Nuclear Deal

June WTI crude oil (CLM25 ) today is down -1.73 (-2.74%) and June RBOB gasoline (RBM25 ) is down -0.0442 (-2.04%). Crude oil and gasoline prices today are sharply lower after President Trump said the US and Iran are getting closer to a nuclear deal, which could ease sanctions on...

Barchart

Nvidia might launch a GeForce RTX 5080 Super/Ti with 24 GB of VRAM sooner than we thought

Before year's end? I suppose we'll see.

PC Gamer

The U.S.-China trade war’s 90-day pause was 70 years in the making

As Trump tries to gain leverage from tariffs, China is well aware of its strategic ace. So is Tesla CEO Elon Musk.

Fortune

Dear Nvidia Stock Fans, Mark Your Calendars for May 28

Nvidia is set to report its highly anticipated Q1 earnings on May 28, a key event for investors to watch.

Barchart

China’s Tencent boasts of 'strong stockpile' of AI GPUs - looking at alternative AI accelerators

Tencent claims it has a strong stockpile of GPUs for AI development in the face of investor concerns.

Tom’s Hardware

What have US President Donald Trump’s tariff policies achieved?

Trump’s policies have roiled global markets and left businesses stumped on how to plan for the foreseeable future.

Al Jazeera

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The Conversation

Not every US president gets a free private jet, but the Gulf states have boosted US economic dominance for decades

After signing a US$142 billion (£107 billion) arms deal with Saudi Arabia, Donald Trump said the US bond with that country was “more powerful than ever”. He was also reportedly quite pleased with the gift of a private jet from Qatar.

The Independent UK

China allows visa-free entry for 5 Latin American nations to boost ties

China will allow visa-free entry for nationals of five Latin American countries for one year to boost closer connections with the region

Fortune

Walmart's CEO gets honest about Trump's tariff reality: Prices are still going up despite the China trade war pause

Doug McMillon admitted on Thursday that even reduced China tariffs are too much for the country's largest retailer to absorb.

The Guardian - UK

Trump says he has a ‘little problem’ with Tim Cook over Apple’s India production

President rebukes tech firm after reports it will switch assembly of iPhones for US market from China to India

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news in one place.

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The Independent UK

China blasts new US rule banning use of Huawei's Ascend advanced computer chips

China has taken aim at a new U.S. rule against use anywhere in the world of Ascend computer chips made by Huawei Technologies

Tom’s Hardware

Trump tells Apple CEO Tim Cook 'I don't want you building in India,' says Apple will increase U.S. manufacturing

President Trump says he told Apple CEO Tim Cook to stop building plants in India and make devices in the U.S. instead.

International Business Times

China's Alibaba Posts Annual Revenue Increase Despite Spending Slump

Internet giant Alibaba posted on Thursday a six percent increase in annual revenue, the latest positive sign for China's tech sector despite persisting economic uncertainties that include sluggish spending and threatened trade.

The Independent UK

Three golden monkeys arrive by special convoy to new home at Belgian zoo

Three golden monkeys from China arrived by special convoy to their new home at Pairi Daiza Zoo in Belgium on Wednesday (14 May).

The Independent UK

One in four cars sold this year will be electric, report says

China continues to dominate with over half of global EV sales

InsideEVs

The New Xpeng P7 Is A Stunning Sedan Meant For The World

The Shanghai Auto Show may have been a few weeks ago, but that doesn’t mean China’s biggest automakers have stopped pulling out their new car debuts. In fact, it seems like the most important cars in China were held back, where manufacturers can do their own controlled launch. Car brand…

Tom’s Hardware

U.S. issues worldwide crackdown on using Huawei Ascend chips, says it violates export controls

While scrapping the AI Diffusion Rule, the U.S. government has banned Huawei's Ascend AI processors as they allegedly use American technologies without authorization.

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