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The Latest Breaking News from China

Australia must resist US bullying to increase its military spending

It’s up to Anthony Albanese to decide Australia’s budget priorities – rather than allowing us to get sucked into a contest between US and China

The Guardian - AU

Banks help Australian shares climb to three-month high

The Australian share market is at three-month highs after a positive session, shrugging off global trade tensions and ongoing geopolitical risks.

AAP

Asian markets rise as US stock indexes near records amid easing trade tensions

Shares are higher in Asia after U.S. stock indexes drifted closer to records

The Independent UK

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Xu Qiliang, former top Chinese general close to Xi, dies in Beijing

Xu Qiliang, a former air force general who was reportedly close to Chinese leader Xi Jinping, has died at age 75, according to the Defense MInistry

The Independent UK

Trump news at a glance: US-China trade relations falter amid fragile trade truce

Escalating war of words between world’s two-largest economies highlights unstable trade detente - key US politics stories from 2 June

The Guardian - US

BYD's Five-Minute 'Megawatt' Chargers Are A Big Deal. 15,000 More Are Coming

BYD already has 500 of these five-minute fast-chargers up and running. Now, a lot more are on the way.

InsideEVs

Stock Indexes Rebound on Strength in Chip Makers and Energy Stocks

The S&P 500 Index ($SPX ) (SPY ) Monday closed up +0.41%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.08%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.71%. June E-mini S&P futures (ESM25 ) are up +0.60%, and June E-mini Nasdaq futures...

Barchart

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Can I take my portable charger on a flight? The rules after several airlines ban using the device

Flight operators from Emirates to Virgin Australia have introduced new power bank regulations following fire safety concerns

The Independent UK

Two of China's biggest chip designers just merged to compete better against Intel, AMD and Nvidia

China’s top chipmakers, Hygon and Sugon, merge in new bid to challenge AMD and Intel.

TechRadar

Dollar Slides and Gold Rallies as US-China Trade Tensions Escalate

The dollar index (DXY00 ) Monday fell by -0.58% and posted a 1-1/4 month low. Escalation of US-China trade tensions has led to a selloff of the US dollar after China accused the US of violating their recent trade deal by unilaterally introducing new discriminatory restrictions. Also, dovish Fed comments...

Barchart

Crude Prices Finish Higher as the Dollar Slumps and Oversupply Concerns Ease

July WTI crude oil (CLN25 ) Monday closed up +1.73 (+2.85%), and July RBOB gasoline (RBN25 ) closed up +0.0374 (+1.86%). Crude oil and gasoline prices on Monday settled sharply higher, with crude posting a 1-1/2 week high. Monday's fall in the dollar index (DXY00 ) to a 1-1/4 month...

Barchart

Trump’s trade policy is making China great again — at the US’s expense, new global analysis finds

Survey finds ‘overwhelming majority of countries simultaneously exhibit worsening views of the United States and improving views of China’

The Independent UK

The Unexpected Way China Tariffs Could Help, Not Hurt, Apple Stock

This article examines how U.S. tariffs may actually benefit Apple in the short term.

Barchart

You Should Be Afraid Of The $8,000 BYD Seagull

China’s best-selling car is a downright dignified driving experience. I don’t know if Western automakers can replicate this experience at this price.

InsideEVs

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Evening Standard

Defence and gold in favour as FTSE 100 ekes out marginal gains

The FTSE 100 index closed up 1.88 points at 8,774.26.

PC Gamer

Over $90,000 worth of RTX 5090 GPUs have been replaced in-box by crossbody backpacks at just one Silicon Valley Micro Center

Micro Center says it could be an issue at source in China, which means there could be far more than 32 cases of missing GPUs.

Barchart

Stocks Slip on Trade Risks and Weak US Manufacturing Activity

The S&P 500 Index ($SPX ) (SPY ) today is down -0.21%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.40%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.04%. June E-mini S&P futures (ESM25 ) are down -0.14%, and June E-mini Nasdaq futures...

The Guardian - AU

Örkesh Dölet descended on to Tiananmen Square with thousands of fellow student protesters. He’s now 36 years into exile

As the anniversary of the 1989 massacre approaches, the Uyghur activist reflects on his lifelong dedication to the fight for democracy

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Barchart

Dollar Sinks and Gold Jumps on Rising US Trade Tensions

The dollar index (DXY00 ) today is down by -0.67% at a 1-1/4 month low. Escalation of US-China trade tensions has led to a selloff of the US dollar after China accused the US of violating their recent trade deal by unilaterally introducing new discriminatory restrictions. Also, dovish comments from...

InsideEVs

Tesla's Affordable EV Denials Sent The Company Into Shock

Elon Musk's affirmation of more affordable Tesla EVs coming soon was a surprise to his team. Plus: how legal are Trump's EV rollbacks?

Barchart

Stocks Pressured by Escalation of US-China Trade Tensions

The S&P 500 Index ($SPX ) (SPY ) today is down -0.30%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.48%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.11%. June E-mini S&P futures (ESM25 ) are down -0.45%, and June E-mini Nasdaq futures...

The Independent UK

Archaeologists finally crack origin mystery of Tibet’s ‘ghost ancestors’

Study confirms China’s Yunnan province as key crossroads of human migration

Tom’s Hardware

Nvidia reportedly developing new AI chip for China that meets export controls – B30 could include NVLink for creation of high-performance clusters

A new report suggests that Nvidia's B30, the successor to its China-exclusive H20, will feature multi-GPU scaling through either NVLink or ConnectX-8.

Euronews

European markets lower as investors eye US-China trade developments

European markets were lower on Monday afternoon as investors monitored updates on US-China tariff developments.

Fortune

Jamie Dimon is more worried about America's 'enemy within' than China

"Warren Buffett would tell you we're enormously resilient, and I agree with that," Dimon said. But "this time is different, this time we have to get our act together and we have to do it very quickly."

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