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The Latest Breaking News from China

Crude Oil Moves Higher on Dollar Weakness and Energy Demand Optimism

December WTI crude oil (CLZ24 ) Thursday closed up +0.67 (+0.93%), and December RBOB gasoline (RBZ24 ) closed up +0.0182 (+0.89%). Crude oil and gasoline prices recovered from early losses on Thursday, climbed to 3-week highs, and settled moderately higher. Thursday’s weaker dollar boosted crude prices along with the rally...

Barchart

You've Never Seen An Audi Like This Before

It's no secret that the Volkswagen Group has not had an amazing time in 2024. It's struggled with slumping sales in China, once its biggest market, while it faces intense Chinese competition back home. It's staring down factory closures and layoffs as costs mount. All the while, China's electric auto…

InsideEVs

Can the REMX ETF Rally?

While the REMX ETF’s name implies significant exposure to rare earth metals and minerals, the product’s holdings are primarily invested in lithium-producing mining companies. REMX has been under pressure, but commodity cyclicality suggests that it is in the buying zone below $50 per share.

Barchart

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President Xi Jinping Warns U.S. Of Cooperation Vs. Confrontation

President Xi Jinping emphasizes cooperation with President-elect Trump amid potential trade tensions. Both nations seek stable relations for mutual benefit.

Top News

Xpeng Has Only Ever Made EVs. Now It Wants To Do Gas Range Extenders

With automakers changing course and backtracking on their plans to go all electric in the next decade, it isn’t surprising to hear that even carmakers that have only ever built EVs are also shifting their strategy. China's Xpeng is one such automaker, and its newly announced Kunpeng Super Electric System…

InsideEVs

Audi's Most Interesting EV Is Only for China

Audi partnered with SAIC Motor on a new sub-brand to build cars exclusively for the Chinese market. The fledgling company is called AUDI—all caps—and is "shaped 100-percent by the Audi DNA" with one notable exception. You won't see four-rings badging anywhere on its cars.

Motor1

World Update: Trump’s global shockwaves

The world was definitely watching as the US went to the polls on Tuesday. Many people turned to YouTube to view the latest figures as states turned in their votes, where an apparent 84 million hours of presidential election day news were watched from all around the globe.

The Conversation

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The Indo-Pacific is an idea more than a region – and it’s pushing politics in a ‘pessimistic and paranoid’ direction

Over the past decade, the idea of an important geopolitical space called the “Indo-Pacific” has become integral to the grand strategising of countries inside and outside this vast geographical area.

The Conversation

Crude Gains on Dollar Weakness and Strength in Stocks

December WTI crude oil (CLZ24 ) today is up +0.10 (+0.14%), and December RBOB gasoline (RBZ24 ) is up +0.0045 (+0.21%). Crude oil and gasoline prices today are slightly higher on a weaker dollar and the rally in the S&P 500 to a record high, which shows confidence in the...

Barchart

Stocks Supported by Speculation Trump’s Policies to Boost Corporate Profits

The S&P 500 Index ($SPX ) (SPY ) today is up +0.65%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.07%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +1.22%. Stocks today are moderately higher, with the S&P 500, the Dow Jones Industrials, and...

Barchart

Nissan CEO Voluntarily Takes 50% Pay Cut As Automaker Announces Layoffs For 9,000 Workers

Nissan CEO Makoto Uchida has volunteered to cut his salary by 50% as the company announces plans to lay off 9,000 employees in response to declining sales and financial challenges.

International Business Times UK

Audi Is Launching a New Car Company Called… AUDI

Where are the rings, Audi? It’s a valid question for the company's newest concept shown today in Shanghai. But this isn’t an Audi. It’s an AUDI. The luxury brand in the Volkswagen Group empire is teaming up with SAIC to launch a new car company in China. Of all the…

Motor1

Why China is worried about a second Trump presidency – and how Beijing might react

Donald Trump will return to the White House having set out his foreign policy approach for the next four years.

The Conversation

Audi scraps its logo in bold new EV brand

A new wordmark replaces the famous four rings.

Creative Bloq

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Barchart

Stocks Extend Post-Election Gains Ahead of the FOMC Meeting

The S&P 500 Index ($SPX ) (SPY ) today is up +0.36%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.11%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.84%. Stocks today are moderately higher, with the S&P 500, the Dow Jones Industrials, and...

The Guardian - UK

Anger in Taiwan over reports SpaceX asked suppliers to move abroad

Taipei says it is paying close attention to reported request by Elon Musk’s firm

Top News

American Citizen Arrested In Germany For Allegedly Spying For China

American citizen arrested in Germany for suspected espionage on behalf of China, raising concerns about global security threats.

Barchart

Alibaba Stock Fell After Trump’s Election, But Can Chinese Stimulus Help Revive BABA?

Alibaba stock unsurprisingly fell yesterday after Donald Trump emerged victorious in the U.S. presidential elections. Is BABA stock a buy as China considers more stimulus measures?

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The Conversation

Mauritius has won back Chagos – but not all of it. Why the largest island, Diego Garcia, is so important to the UK

Mauritius and the United Kingdom released a joint statement on 3 October 2024 announcing the UK’s agreement to transfer the Chagos archipelago, including the island of Diego Garcia, back to Mauritius. While the agreement recognises the sovereignty of Mauritius over the entire archipelago, it also permits the UK to exercise…

TechRadar

Samsung reveals its next-gen Bixby AI –a Galaxy brain to rival ChatGPT and Gemini

It looks as though Samsung is finally going to catch up to the offerings from Google, Microsoft, OpenAI, and Apple.

Latin Times

Most Stocks Rise, Bitcoin Hits Record As Traders Weigh Trump 2.0

The Trump Trade went into overdrive Wednesday as it emerged the tycoon would return to the White House after beating Democrat Kamala Harris, while his Republican Party gained control of the Senate and looked set to hold the House of Representatives.

The Independent UK

China declassifies latest stealth fighter jet

China only second country after US to have two stealth fighter jets in service

International Business Times

Pharma Giant AstraZeneca Says China Chief Detained

Leon Wang, president of AstraZeneca China, "has been detained", a representative of the firm's global media team said in an email to AFP.

The Independent UK

What Trump’s election victory means for Taiwan and China

An emboldened and protectionist Trump administration could trigger a fierce trade war with China and indirectly threatens Taiwan’s self-governance

Al Jazeera

Asia Pacific leaders hail Trump as questions swirl around regional security

China’s Xi Jinping says superpowers must ‘get along’, while Indonesia’s Prabowo lauds ‘immense potential’ of US ties.

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