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The Latest Breaking News from China

The U.S.-China detente could ‘save Christmas,’ but expect ‘a rush of ordering the likes we’ve never seen before,’ economist says

Importers traumatized by the empty shelves during COVID lockdowns are pulling out all the stops to stock up ahead of the holiday shopping season.

Fortune

Japanese carmakers slash profit outlooks as they face down U.S. tariffs and Chinese EVs

Toyota and Honda cut their annual forecast by double digits. Nissan declined to issue one for the time being.

Fortune

Wall Street is up to its armpits in bullish calls as tech stocks roar back

But S&P futures were down nearly 1% this morning, premarket.

Fortune

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Chinese businesses view tariff pause with caution and uncertainty

While U.S. President Donald Trump has talked of victory after reaching a weekend deal with China to reduce the sky-high tariffs levied on each others’ goods, businesses in China are reacting to the temporary deal with a cautious wait and see approach

The Independent UK

China’s Baidu plans to launch driverless taxis in Europe

Self-driving taxis will come to Switzerland by the end of the year, report claims

The Independent UK

S&P Futures Muted as Rally Loses Steam, Fed Speak on Tap

June S&P 500 E-Mini futures (ESM25) are trending down -0.04% this morning as market participants look for new catalysts following the recent rally driven by a soft U.S. inflation reading and the U.S.-China trade truce that pushed the benchmark index into positive territory for the year.

Barchart

Want to beat Trump? Wait him out

It doesn't even take that long. Just look at how quickly he caved on his China tariffs

Salon

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Major Breakthrough: China Approves Boeing Deliveries in Signal of Renewed US Trade Ties

For Boeing, facing £61.7 billion ($82 billion) in losses since 2018, this breakthrough offers critical relief, but can it restore confidence in a battered aerospace giant?

International Business Times UK

Baidu Plans Self-driving Taxi Tests In Europe This Year

China's tech companies and automakers have poured billions of dollars into self-driving technology in recent years, with intelligent driving the new battleground in the country's cutthroat domestic car market.

International Business Times

China issues warning to UK over terms of US trade deal

UK accused of aligning with US in move that could compel firms to exclude Chinese products from supply chains

The Guardian - UK

Burberry Warns 1,700 Jobs At Risk After Annual Loss

The troubled group is in the midst of a turnaround plan to help boost sales and cut costs as the global luxury sector struggles with weak consumer demand, notably from China.

International Business Times

Chinese companies are secretly powering North Korea’s global IT workers scheme

A host of Chinese front companies could be helping North Korean IT workers infiltrate U.S. businesses, a report reveals.

Fortune

Trump says there’s a ‘possibility’ he will attend Russia-Ukraine peace talks in Turkey – as it happened

Kremlin refuses to say whether Russian president will be part of delegation

The Guardian - UK

Putin not included on Russia’s list for Ukraine talks in Turkiye

Negotiators had hoped to have direct talks between Zelenskyy and Putin in Turkiye.

Al Jazeera

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The Guardian - UK

Britain’s biggest pawnbroker H&T snapped up by US firm for £297m; Goldman Sachs lifts UK and eurozone growth forecasts – as it happened

China issues warning to UK over terms of US trade deal, saying it is a ‘basic principle’ that bilateral agreements should not target other nations

International Business Times

Colombia Joins Belt And Road Initiative As China Courts Latin America

Colombia formally agreed on Wednesday to join China's vast Belt and Road infrastructure initiative, as Beijing draws Latin America closer in a bid to counter the United States.

The Guardian - AU

Pakistan’s use of J-10C jets and missiles exposes potency of Chinese weaponry

Shooting down of India’s planes by Beijing’s customer Pakistan would mark the first time the fighters and their PL-15 missiles have been used in combat

Euronews

Nvidia stock soars on US-Saudi AI deal backed by Trump, bin Salman

Nvidia’s shares soared amid billions of dollars in artificial intelligence investment deals made between US President Donald Trump and Saudi Arabia’s Crown Prince Mohammed bin Salman, as the Trump administration deepens ties with the wealthy Middle Eastern nation.

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International Business Times

China, US To Lift Sweeping Tariffs In Trade War Climbdown

The United States and China will lift sweeping tariffs on each others' goods for 90 days on Wednesday, after a temporary ceasefire in a brutal trade war that roiled global markets and international supply chains.

The Independent UK

Asian shares mostly gain amid cautious relief over U.S.-China agreement

Asian shares are mostly higher as a cautious sense of relief spreads through regional markets after the U.S. and China agreed to a 90-day pause in their trade war to allow for negotiations

International Business Times

Asian Markets Swing As China-US Trade Euphoria Fades

Asian stocks fluctuated Wednesday, with investors struggling to track a strong day on Wall Street as euphoria over the China-US trade detente petered out.

International Business Times

'Panic And Paralysis': US Firms Fret Despite China Tariff Reprieve

President Donald Trump's rollercoaster tariff row with Beijing has wreaked havoc on US companies that rely on Chinese manufacturing, with a temporary de-escalation only expected to partially calm the storm, analysts and business owners say.

Barchart

Buy This Dividend Stock Yielding Over 4% After the China Tariff Pause

With a dividend yield of over 4%, HP Inc. looks like a good stock to buy amid positive progress on trade deals.

Evening Standard

China attacks UK trade deal with US

Beijing said it was a ‘basic principle’ that such agreements should not target other nations.

The Independent UK

US-China deal to slash tariffs also eases burden on cheap packages

Online shoppers in the U.S. will see a price break on their purchases valued at less than $800 and shipped from China after the Trump administration reached a truce with Beijing over sky-high tariffs

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