Finance news

‘Do or die’ for small carmakers: China market braces for 156 new models as price war looms

A record 156 new models are expected to hit the Chinese automotive market in the second half of 2026, intensifying concerns about small players’ profitability as a new price war looms. The mass-market segment would see an influx of intelligent electric vehicles (EVs) priced at around 100,000 yuan (US$14,740), but only leading carmakers were expected to secure large orders thanks to their brand awareness and production advantages, analysts said. “Demand for new cars has rebounded but it is not...

How Chinese philosophy influenced US founding fathers

“Founding Father, Benjamin Franklin, published the sayings of Confucius in his colonial newspaper and today’s sculpture recognising that ancient Chinese age is carved into the face of the United States Supreme Court very proudly,” said US President Donald Trump in Beijing last month. It took two-and-a-half centuries for an American president to explicitly acknowledge the profound Chinese impact on the US founding fathers. Trump’s recent declaration could be a historical first. Unless archival...

North Korea’s border build-up opens a Seoul-UN Command rift

A public row between Seoul and the US-led United Nations Command (UNC) has revealed a fresh fault line over how the two interpret North Korea’s recent border fortification activities. South Korea views its arch-rival’s actions as a violation of the 1953 Korean war armistice agreement. The UNC does not. The dispute follows a separate disagreement over which authority should govern access to the demilitarised zone (DMZ), while analysts say differences also persist between Seoul and Washington over

US Supreme Court paves way for Trump’s mass deportation of Haitians and Syrians

The US Supreme Court on Thursday backed a Trump administration move to strip deportation protections from some 350,000 Haitians and 6,000 Syrians living in the United States. The conservative-dominated court, in a 6-3 ruling, said the Department of Homeland Security’s decision to end Temporary Protected Status (TPS) for Haitian and Syrian immigrants was not subject to judicial review. TPS protects its holders from deportation and is granted to people deemed to be in danger if they return home...

UK’s King Charles breaks tradition to reveal US$17 million tax bill

King Charles will not live at Buckingham ⁠Palace after its 10-year refurbishment finishes next year, royal officials said on Thursday, ending nearly two centuries of the central London landmark serving as the British monarch’s primary residence. Officials at the same time disclosed the king paid £12.9 million (US$17.04 million) in tax in 2024/25 – the first time the figure has been made public – placing him among Britain’s ‌top 100 taxpayers. Members of the royal family have promised greater...

Is the US banning drones from China until it can make better ones itself?

As the United States marks the 250th anniversary of its founding, it confronts a new world order dominated by its relationship with China. In this wide-ranging series, we examine the pressure points and possibilities in those ties, from hard tech to soft power. Here, Khushboo Razdan separates the signals from the noise in the US debate over drones. Whether responding to a wildfire or searching for a missing person, Battalion Chief William Marsiglio of Chesterfield, Virginia, relies on one tool..

EU pitches Brazil a ‘more beneficial’ rare earths deal than US or China

The European Union is offering Brazil a “more beneficial” partnership on critical minerals than the United States or China, the bloc’s international partnerships commissioner said on Thursday, promising investment in domestic refining and technology as Brussels works to cut its dependence on Chinese supply chains. European Commissioner for International Partnerships Jozef Sikela made the case during a week-long visit to Brazil that included a stop on Saturday at a rare earth research and...

Toshiba's lost crown jewels: Kioxia, US nuclear power soar in AI era

oil glut ..market massively oversupplied

Market needs just 12mb/d June 2026 July 2026 EW Pipeline 2.0 2.0 Russia + Iran Oil on Water 1.5 1.0 China Import Reduction 4.0 5.0 UAE Fujairah Pipeline 2.0 2.0 Iran Crude Exports 3.5 4.0 Extra production (UAE, Iraq, Kuwait, Saudi, Qatar) 3.5 4.0 Rest of World SPR Release 1.0 1.0 US SPR Release 3.0 2.5 Production Cuts outside Arab Gulf + China 0.0 0.5 Total Extra Crude Oil ~20.5 mb/d ~22.0 mb/d submitted by /u/Anxious_Neat_6274 [link] [comments]

US hearing warns Chinese economic espionage now targets AI

The United States has been asleep for decades as China undercut US economic strength by stealing ideas, technologies and, more recently, artificial intelligence advances, with the Chinese military first in line to benefit, according to testimony heard by a congressional committee on Thursday. The hearing by the House Select Committee on China, which focused on economic espionage and Chinese efforts to exert influence at state and local levels, was held amid mounting bilateral tension over export

USA: Supreme Court strengthens Trump's migration policy

America first - that is Donald Trump's motto, which migrants are constantly feeling. He can now feel strengthened by the US Supreme Court in his course against immigration.

Macron calls Évian a ‘turning point’: Trump signed the joint G7 statement on Ukraine’s territorial integrity and sanctions, and for the first time said Russia, not Ukraine, has to make a deal

The communiqué language is boilerplate. “Unwavering support for Ukraine’s freedom, sovereignty and territorial integrity,” more air defence and interceptors, long-range capability, tougher sanctions on Russian oil and gas. None of that is new. What’s new is whose signature is on it. Trump signed, after months of the US leaning toward a neutral-broker stance. Macron called it an “Évian moment” and “a very profound shift,” pointing specifically to a US “willingness to work with the Europeans in su

Trump backs ‘Six Assurances’ to Taiwan but no arms sale timeline, US diplomat says

The top US diplomat for East Asia sought to reassure Taiwan that Washington stood by its “Six Assurances” despite US President Donald Trump’s earlier dismissal of the policy, but offered no timeline for approving a stalled US$14 billion arms package to the self-ruled island. Michael DeSombre, assistant secretary of state for East Asian and Pacific affairs, told a House Foreign Affairs Committee hearing on Thursday that US policy on Taiwan had not changed, maintaining Washington’s commitment to..

Japan steelmaker JFE eyes US joint ventures, India growth: CFO

US defense spending demand leaves Asian allies in limbo

Liner of Trump’s reflecting pool was cut with sharp blade, National Park Service says

A liner along the bottom of the Lincoln Memorial Reflecting Pool was cut with a sharp knife or razor this month, causing damage to the foam sealant installed as part of a US$16 million rehabilitation project, a top official at the National Park Service says. The agency reported the June 9 incident to US Park Police, said Frank Lands, deputy director of operations for the park service. Lands made the statement in a court document filed late on Wednesday as part of a lawsuit filed by a non-profit.

US is ‘superhero’, China ‘supervillain’ in global AI contest, American officials warn

US House Foreign Affairs Committee Chairman Brian Mast warned that “America is the superhero” and China the “supervillain” in the contest for global artificial intelligence (AI) leadership on Thursday, just two days after US Treasury Secretary Scott Bessent said America’s “biggest risk” on AI is China getting ahead. The United States and China remain locked in an increasingly competitive race for worldwide AI supremacy, with many American officials concerned that China is eroding the US’ early..

US assures India over AI ‘kill switch’ as ‘Pax Silica’ expands in bid to counter China

The United States has assured India that future artificial intelligence models will not be “cut off” days after Washington abruptly banned Anthropic’s advanced models on national security grounds, a senior Indian official told the South China Morning Post on Thursday. “There was an understanding, and something that they [US officials] certainly mentioned, that access to technology, once it is provided, will not be cut off. I think that was an assurance,” said S. Krishnan, secretary of India’s...

US Bank: JP Morgan opens new competition for Dimon successor

America's largest institution is promoting two new top bankers who could one day succeed CEO Jamie Dimon. Both will receive a bonus of $30 million in the form of shares.

Russia Turns Asia’s Oil Shock Into an Indonesian Opening

Russia has emerged as one of the clearest commercial beneficiaries of the US-Israel war with Iran. Before March 2026, buying Russian crude was widely treated as a sanctions risk that only Chinese and, to a lesser extent, Indian private companies could comfortably absorb. The first US waiver for Russian barrels, announced on March 12, changed that calculation. It showed that, during a major Middle Eastern supply disruption, Asia could not balance its oil market without Russian crude, and even Was

+++ USA +++: Trump opens celebrations for the US anniversary in election campaign style

“Alligator Alcatraz” deportation camp in the USA closes +++ Rutte defends Germany against Trump +++ Trump promises Türkiye F-35 fighter jets +++ The news blog.

Dax current: Dax closes just below the 25,000 point mark - Bayer shares are gaining significantly

In Europe, tech stocks are also benefiting from the quarterly figures of the US chip manufacturer Micron on Thursday. Positive economic figures also boosted the German leading index.

US-led relief effort puts Washington’s post-Maduro strategy in Venezuela to the test

The United States is mounting a large-scale humanitarian operation in Venezuela after twin earthquakes devastated the South American country, putting to the test Washington’s role as the most influential international partner in the country’s post-Maduro transition. US Secretary of State Marco Rubio said Washington was deploying search-and-rescue teams, military logistics and humanitarian help after Wednesday’s magnitude 7.2 and 7.5 earthquakes, which have killed at least 164 people and injured.

Wall Street: US stock markets close inconsistently - Dow Jones almost unchanged

The situation on Wall Street remained mixed on Thursday. Although new economic data confirmed the previously expected forecasts, investors still held back.

Wall Street: US stock exchanges are trading inconsistently – Dow Jones reaches new record

The situation on Wall Street remains mixed. Although new economic data confirmed the previously expected forecasts, investors are still holding back.

Bayer: A victory, but still many problems

The US Supreme Court rules in favor of Bayer in the glyphosate trial. The stock is taking a leap. Bayer still faces economic challenges.

Handelsblatt Live: US stock market expert Koch: Tech sector under pressure despite Micron figures

After the US chip company “significantly exceeded the very high bar,” Markus Koch reported on Thursday about a volatile start to the day. Apple is also under pressure to sell due to announced price increases.

Pharma: Merck is building the tools for the next revolution

The German Merck Group is taking over the US laboratory specialist Bio-Techne for ten billion euros. What makes this business so attractive – and what risks there are.

US shifts South China Sea reconnaissance towards drones and Philippines: think tank

US “freedom of navigation” operations in the South China Sea declined last year, as it relied more on the Philippines and uncrewed drones for reconnaissance flights over the contested waters, a Beijing-based think tank found. The think tank said that as large American vessels such as aircraft carriers and amphibious groups faced growing maintenance and deployment constraints such as the Middle East conflict, Washington had changed the nature of its presence in the Asia-Pacific region. Yet, the..

Legal dispute: Bayer wins the glyphosate dispute before the US Supreme Court

The verdict is a liberating blow for Bayer. The judges are removing the basis for thousands of lawsuits because of allegedly inadequate cancer warnings. The stock is rising sharply.