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The Latest Breaking News from China

Looks like the Taiwanese chip industry is becoming a hot target for Chinese state-sponsored hackers trying to nab trade secrets

Get your own chips, these are mine.

PC Gamer

Stocks Supported by Signs of US Economic Strength

The S&P 500 Index ($SPX ) (SPY ) today is up +0.25%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.19%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.47%. September E-mini S&P futures (ESU25 ) are up +0.25%, and September E-mini Nasdaq futures...

Barchart

An all-around good day – England’s Matt Fitzpatrick takes share of Open lead

Fitzpatrick led the way alongside world number 354 Jacob Skov Olesen and China’s Li Haotong.

The Independent UK

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Broadcom’s Takes on NVIDIA: Why Tomahawk Ultra Could Boost Shares

Broadcom's potential just got raised. Tomahawk Ultra is a battle cry against NVIDIA, adding upside to shares. Easing restraints on China are another good sign.

MarketBeat

Signs of Economic Strength Boost Stocks

The S&P 500 Index ($SPX ) (SPY ) today is up +0.30%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.35%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.40%. September E-mini S&P futures (ESU25 ) are up +0.08%, and September E-mini Nasdaq futures...

Barchart

It's not just Nvidia that's looking to cash in on those loosening US/China chip export restrictions, as AMD also seems close to resuming AI GPU shipments

It's "sell your high-end AI hardware to China" season, and two major players are positioning themselves on the board.

PC Gamer

China Has Been Stockpiling Gold—Analysts Say Actual Reserves May Be Double: A Threat To The US Dollar?

China’s central bank has been quietly amassing gold reserves, a move that could have significant implications for the global economy, particularly the U.S. dollar.

Benzinga

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China’s electricity demands soar as temperatures forecast to hit 50C

IN FULL

The Independent UK

Risk of undersea cable attacks backed by Russia and China likely to rise, report warns

Spate of incidents in Baltic Sea and around Taiwan are harbinger for further disruptive activity, cybersecurity firm says

The Guardian - UK

Myanmar's military government recaptures strategic town from rebels - report

State media in Myanmar say the Southeast Asian nation's military government has recaptured a strategic gateway town after nearly a year of effort, marking a rare turnaround in the country’s northeast, where an alliance of ethnic rebel militias seized a large swath of territory in an offensive that began in…

The Independent UK

‘Preparation is our only option’: sirens wail as Taiwan simulates China attack in city streets

As annual drills become more significant, this year Taipei civilians have been experiencing what war might feel like

The Guardian - UK

The alarming record broken by China as its population tries to keep cool this summer

Officials say demand topped 1.5 billion kilowatts on Wednesday, the highest ever recorded in the country

The Independent UK

Synopsys acquires simulation specialist Ansys for $35 billion following Chinese regulator approval — Merger to power end-to-end design platform

Synopsys has received final approval from China to acquire Ansys for $35 billion, creating a powerful end-to-end design platform spanning semiconductor design and system simulation, but raising competitive and geopolitical concerns.

Tom’s Hardware

Nvidia-Supplier Taiwan Semiconductor On A Roll, Profit Explodes With Strong Margin Growth

Taiwan Semiconductor Manufacturing Co. (TSM) stock soared Thursday after the contract chipmaker delivered second-quarter results that blew past analyst expectations, driven by insatiable global demand for its advanced processor technologies essential for artificial intelligence applications.

Benzinga

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The Independent UK

Oxford University Press halts publication of China-sponsored journal after years of outrage

Oxford University Press will no longer publish Forensic Sciences Research after 2025

Benzinga

Nvidia's Jensen Huang Says China Leads In Open-Source AI

Nvidia (NASDAQ:NVDA) CEO Jensen Huang, on his third visit to China this year, praised the country’s open-source AI innovation during a fireside chat with Alibaba Group (NYSE:BABA) Cloud founder Wang Jian at the China International Supply Chain Expo on Thursday.

Barchart

Stocks Muted Before the Open as Investors Await U.S. Retail Sales Data, Netflix Earnings on Tap

September S&P 500 E-Mini futures (ESU25) are up +0.05%, and September Nasdaq 100 E-Mini futures (NQU25) are up +0.13% this morning, pointing to a muted open on Wall Street after yesterday’s volatile session, with attention now turning to U.S. retail sales data and an earnings report from streaming giant Netflix.

Fortune

Synopsys CEO Sassine Ghazi took us inside his $35 billion acquisition of Ansys, which closes today

Also: All the news and watercooler chat from Fortune.

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The Independent UK

12-year-old Yu Zidi of China takes stunning times to the world swimming championships

Yu Zidi of China is only 12 years old and has qualified for the world swimming championships in Singapore

The Independent UK

Australian prime minister indulges in panda diplomacy a China state visit nears end

Australian Prime Minister Anthony Albanese has toured a panda breeding facility in the final stages of an extended state visit that has cast China as a fellow champion of a global fair trade system under threat from the United States

The Guardian - AU

Albanese says Coalition failed to have call with Beijing for years as opposition criticises ‘indulgent’ China trip

James Paterson questioned if the six-day trip had ‘tangible outcomes’ while prime minister retorted, saying opposition should sort ‘themselves out’

Evening Standard

China developing military space tech ‘breathtakingly fast’ as they threaten to blast ahead of US in space race

NASA lay-offs and Chinese ambition are changing the space power balance, writes Chris Stokel-Walker

The Guardian - UK

Restaurant in China criticised for putting baby lion cuddles on menu

Diners jump at chance to snuggle with cubs but wildlife experts accuse firm of ‘exploiting wild animals for selfies’

International Business Times

Chinese Farmer Makes Splash With Homemade Submarine

A 60-year-old farmer in China has built his own "Big Black Fish" -- a homemade submarine that can accommodate two people, dive eight metres and stay underwater for 30 minutes at a time.

Benzinga

Nvidia Now Bigger Than China And Japan In This Global Stock Index: $4 Trillion Chip Giant's Contribution Crushes Entire Nations — 'Historic Is An Understatement'

Chip giant Nvidia Corp. (NASDAQ:NVDA) has reached a new milestone in the global equity markets, now standing as the single-largest contributor to the MSCI All Country World Index (ACWI).

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