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The Latest Breaking News from China

How rare earth shortages are stalling India’s burgeoning EV sector

China introduced restrictions on its rare earth exports in April, two days after Trump announced retaliatory tariffs.

Al Jazeera

Nvidia Stock Slips Over 3% After Q2 Report — Gene Munster Says Street's Underestimating Company, Dan Ives Notes Demand For AI Chips 'Not Slowing Down

On Wednesday, Nvidia Corporation (NASDAQ:NVDA) reported better-than-expected second-quarter results. Still, shares dipped in after-hours trading as Wall Street analysts said investors may be missing the chipmaker's longer-term AI growth story.

Benzinga

Chip giant Nvidia’s sales rise 56% in boost for AI boom

US chipmaker reports revenue of $46.74bn for second quarter, defying fears that AI may be overhyped.

Al Jazeera

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Australia’s small business shipments are caught in the US-China trade war crossfire

Until this week, thousands of Australian small businesses that exported to the United States relied on a simple system that had worked for decades.

The Conversation

China accused of hacking global systems for espionage

China-backed cyber espionage groups are targeting telcos and internet service providers around the world, giving them ability to track a target's communication.

AAP

AI Giant Nvidia Beats Earnings Expectations But Shares Fall

AI powerhouse Nvidia reported quarterly earnings Wednesday that beat expectations, but shares slipped amid concerns about an AI chip spending bubble and the company's stalled business in China.

International Business Times

Nvidia earnings beat Wall Street’s sky-high expectations, but the stock is falling because ‘there were no H20 sales to China-based customers’

“Production of Blackwell Ultra is ramping at full speed, and demand is extraordinary,” CEO Jensen Huang said.

Fortune

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Australia, Canada and Philippines stage air defense drills off disputed shoal guarded by China

Australia, Canada and the Philippines have deployed three warships and aircraft for drills against simulated aerial threats off a disputed South China Sea shoal where Chinese forces have used risky maneuvers to try to drive away Manila’s aircraft and ships

The Independent UK

Tesla Model Y In Trouble In China? Sales Data Show Rival Quickly Taking Over

Tesla Inc. (NASDAQ:TSLA) continues to see sales pressure for its electric vehicles in the Chinese market. A new report indicates that the introduction of a new vehicle from a growing rival in the region could significantly impact the dominance of the Model Y.

Benzinga

China could move away from Nvidia AI chips quicker than expected after brash 'addiction' comments from US Commerce Secretary

Political comments triggered China’s Nvidia clampdown, highlighting fragile diplomacy, rising domestic chip promotion, and the rapid acceleration of global decoupling.

TechRadar

Nvidia sets fresh sales record amid fears of an AI bubble and Trump’s trade wars

Despite surpassing Wall Street expectations for its AI chips, company shares drop 2.3% in after hours trading

The Guardian - US

China is making serious progress in its goal to land astronauts on the moon by 2030

China is going full throttle in its quest to land astronauts on the moon by 2030, notching several important milestones over the past few months.

Space

'If it’s just digital, it will never be luxury': Bentley hits out at premium rivals as it prepares to launch first EV

British marque says there's no replacement for craftsmanship

TechRadar

How hard will Trump’s 50% tariff hit India, and what is Delhi doing about it?

Likened to a ‘trade embargo’ and an ‘earthquake’, it could cut exports from affected sectors by as much as 70%

The Guardian - UK

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InsideEVs

The New Volvo XC70 Is A Long-Range PHEV With V2L And DC Charging

The XC70 PHEV can go at least 124 miles on a charge, Volvo says. It can also fast-charge and power your appliances.

Benzinga

Vor Bio's Investigational Drug Scores Phase 3 Win In Autoimmune Kidney Disease Trial

On Wednesday, Vor Bio Inc. (NASDAQ:VOR) announced that its collaborator, RemeGen Co., Ltd., achieved the primary endpoint in Stage A of a Phase 3 clinical study in China evaluating telitacicept in adults with IgA nephropathy (IgAN).

International Business Times UK

Chinese Scientist Arrested for 'Stealing US Breast Cancer Vaccine Secrets' at Houston Airport

A Chinese scientist was arrested at Houston Airport for allegedly stealing US breast cancer vaccine research. Yunhai Li, a postdoctoral fellow, was attempting to fly back to China with 90 gigabytes of data.

Benzinga

Wall Street Warming Up To China Again? ETFs To Watch As Geopolitics Shift

China-focused ETFs are inching back into the spotlight as a softer U.S. dollar and signs of progress in U.S.-China trade talks reshape investor sentiment. While the SP 500's nearly 850% run since 2009 and a consistently strong greenback have kept many portfolios home-biased, asset managers say the tide could subtly…

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Benzinga

What's Going On With Tesla Stock Today?

Shares of Tesla Inc (NASDAQ:TSLA) are trading flat Wednesday morning as investors digest recent conflicting reports, from flagging weekly registrations in China to a major expansion of its autonomous ride-hailing service in Texas.

Evening Standard

UK and 12 allies issue warning over Chinese cyber attacks on ‘critical sectors’

Authorities have named three China-based firms they say enabled malicious activity targeting telecoms and other infrastructure.

Benzinga

Nvidia Faces Growing Threat As China Accelerates Chipmaking Push

Nvidia (NASDAQ:NVDA) faces mounting pressure in China as Beijing accelerates domestic chip production, with Huawei, SMIC, and AI startups ramping capacity and optimizing systems around local hardware, threatening a market that once accounted for more than 13% of the U.S. chipmaker's revenue.

Reason

Trump's Furniture Tariffs Will Make It Harder To Turn Your House Into a Home

Protectionism won't save the American furniture industry, but it will increase the cost of living.

Tom’s Hardware

Chinese firms turn to used Nvidia GPUs following Beijing H20 crackdown — industry reports 'surge' in A100 and H100 chips being stripped and repurposed

China’s AI industry is quietly turning to refurbished and second-hand Nvidia GPUs after fresh curbs on the company’s H20 accelerator left customers scrambling for alternatives.

Euronews

China rejects joining Trump-proposed denuclearisation talks with US and Russia

A spokesperson for Beijing's foreign ministry said on Wednesday it was "neither reasonable nor realistic" to expect China to participate in the discussions.

The Conversation

Xi, Putin and Modi to meet in China – but don’t expect their Eurasian bloc summit to agree on anything important

The upcoming summit of the Shanghai Cooperation Organization (SCO) in Tianjin, China, from August 31 to September 1, will be the organisation’s largest gathering of heads of state to date. It comes at a time when the existing liberal international order is rapidly disintegrating. But rather than offering a concrete…

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