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The Latest Breaking News from China

Stock Indexes Mixed as They Consolidate Below Record Highs

The S&P 500 Index ($SPX ) (SPY ) today is down -0.12%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.08%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.34%. US stock indexes today are mixed as they consolidate just below this week’s all-time...

Barchart

Canadian intelligence agency advises against TikTok over 'risky' data practices

An interview with Canada's intelligence director sees a stern warning arrive about the usage of TikTok.

Android Central

China launches new mystery Shiyan satellite (video)

China launched the latest in its secretive Shiyan satellite series on May 12 atop a Long March 4C rocket. China's space agency says the satellite will be used for "space environment monitoring."

Space

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WADA Founder Pound Says 'Disgusted' By USADA 'Lies' Over China Cases

WADA applies the World Anti-Doping Code and the related standards in an even-handed way," he said.

International Business Times

Military Spending Pushes Russian Economic Growth Up

Russia's economy grew 5.4 percent in the first quarter of 2024, official statistics published Friday showed, as President Vladimir Putin denied military spending on his Ukraine offensive was reaching unsustainable levels.

International Business Times

For Taiwan Shoppers, China's Malls Only A Ferry Ride Away

With suitcases and packages stuffed with food, alcohol and construction materials, Taiwanese shoppers make their way towards a ferry in the Chinese city of Xiamen bound for the Taipei-administered island of Kinmen.

International Business Times

The last pandas at any US zoo are expected to leave Atlanta for China this fall

The last U.S. zoo to have pandas in its care is preparing to say goodbye to the four giant bears this fall

The Independent UK

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Vladimir Putin's state visit to China: Deepening military and economic ties

Russian President Vladimir Putin has wrapped up his two-day visit to China, where he and his counterpart Xi Jinping pledged a "new era of strategic partnership". The two leaders had tea together and celebrated 75 years of diplomatic relations at a gala, with the Chinese leader giving his guest a…

France 24

The US ambassador to Japan visits southern islands at the forefront of China tension

The U.S. Ambassador to Japan has stressed the importance of increased deterrence and his country’s commitment to the alliance with its key ally as he visited two southwestern Japanese islands at the forefront of Tokyo's tension with Beijing

The Independent UK

Crude Prices Have Support on Dollar Weakness and Tight Supplies

June WTI crude oil (CLM24 ) today is up +0.29 (+0.37%), and June RBOB gasoline (RBM24 ) is up +1.75 (+0.69%). Crude oil and gasoline rose to 1-week highs today and are moderately higher. A weaker dollar today is bullish for energy prices. Crude has carryover support from Wednesday's weekly...

Barchart

Stock Indexes Slightly Higher as They Consolidate Below Record Highs

The S&P 500 Index ($SPX ) (SPY ) today is up +0.11%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.10%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.16%. US stock indexes today are slightly higher as they consolidate just below this week’s...

Barchart

Baidu Considers Using Tesla's Robotaxi Tech In China

Baidu says that it may consider a partnership with Tesla to utilize tech from its upcoming robotaxi product in the Chinese market.

InsideEVs

Dollar Finds Support from Higher Bond Yields

The dollar index (DXY00 ) today is up by +0.12%. Higher T-note yields today are supportive of the dollar. The dollar also garnered some support today from mixed economic news from China, which showed that China’s ongoing housing crisis is undercutting consumer spending. The dollar fell back from its best...

Barchart

Microsoft looking to relocate hundreds of China-based workers as diplomatic tensions rise

Some Microsoft AI and cloud workers are being asked to leave China and take up a role in another country.

TechRadar

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InsideEVs

Ford Pleads To Suppliers: ‘Help Us Make EVs Affordable’

Facing billions in losses, Ford has reached out to suppliers to help innovate and drive down production costs.

The Conversation

Beijing is walking a fine line between support for Russia and not angering the west too much

Russia’s Vladimir Putin and China’s Xi Jinping have announced they will work together more closely to offset US pressure as part of Putin’s two-day state visit to China.

InsideEVs

Polestar Depends On China For Now. It Wants 'More Clarity' On What EV Tariffs Mean

The Sino-Swedish brand is "currently evaluating" 100% EV tariff increases from the Biden Administration, including the impact on Polestar 2 prices.

The Guardian - UK

China to cut mortgage rates as part of plan to prop up property market

Local authorities will be allowed to turn unsold homes from developers into affordable housing

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The Conversation

History says tariffs rarely work, but Biden’s 100% tariffs on Chinese EVs could defy the trend

In June 2019, then-presidential candidate Joe Biden tweeted: “Trump doesn’t get the basics. He thinks his tariffs are being paid by China. Any freshman econ student could tell you that the American people are paying his tariffs.”

The Conversation

The UK has surged to become one of the biggest exporters in the world – but this isn’t all good news

The UK’s rise to become the world’s fourth largest exporter sparked a wave of celebration among the country’s policymakers, politicians and trade analysts. According to new data, the UK overtook major economies like France, the Netherlands and Japan, and sat behind only China, the US and Germany in 2022 with…

Top News

Dow Approaches 40K, China Addresses Housing Market Challenges

Global markets experience volatility as Dow Jones approaches 40,000; China tackles housing market challenges.

Top News

China Pledges 8 Billion To Support Property Sector

China pledges 8 billion to support its property sector, aiming to stabilize the market and ensure economic stability.

Top News

Hong Kong Embraces China's Digital Yuan In Local Economy

Hong Kong's decision to allow China's digital yuan in local shops marks a significant step towards digital currency integration, streamlining payment proce...

Top News

Taiwan Urges Democracies To Counter Russia-China Expansionism

Taiwan's foreign minister highlights the need for democracies to unite against authoritarian states like Russia and China to safeguard global peace and sec...

inkl

Soul App lets users enjoy Werewolf Awakening with AI

Soul App is an interest-based social community platform that is a huge hit among China’s Gen Z.

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