China · Business
Same event, multiple sources, transparently cited.
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Nvidia CEO Huang says China will open AI chip market; Nvidia cedes ground to Huawei
Nvidia CEO Huang Renxun expects China will eventually open its AI chip market but says Nvidia has largely exited amid restrictions.
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China confirms 200 Boeing jets purchase amid US-China $30B tariff talks
China confirmed buying 200 Boeing aircraft and discussed reciprocal $30 billion tariff cuts with the US, following summit talks in Beijing.
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US charges seven executives including Singapore's Teo Siong Seng in container price-fixing cartel
The US DOJ charged seven executives from four major container makers, including Singapore’s Teo Siong Seng, with price-fixing from 2019 to 2024.
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Chinese robotic hand maker Linkerbot plans potential Hong Kong IPO in 2026
Beijing-based Linkerbot is considering an IPO in Hong Kong as soon as 2026 to raise several hundred million dollars.
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Australia’s wheat production set to drop by up to 10 million tons in 2026 due to drought and Iran war
Australia, the world’s third-largest wheat exporter, expects up to 10 million tons less wheat in 2026 amid drought and supply disruptions from the Iran war.
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Commerzbank formally rejects UniCredit takeover offer valued up to €39 billion
Commerzbank on May 18 rejected UniCredit’s bid, urging shareholders not to accept the €39 billion takeover proposal.
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IMF raises UK 2026 growth forecast to 1.0% despite Middle East conflict risks
The IMF raised the UK's 2026 economic growth forecast to 1.0% citing stronger Q1 data but warned of risks from political instability and Middle East energy shocks.
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Standard Chartered to cut over 7,000 back-office jobs globally by 2030 due to AI
Standard Chartered announced on May 19 it will cut more than 15% of its back-office roles by 2030, replacing jobs with AI and automation investments.
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Nvidia CEO Jensen Huang expects China to eventually allow US AI chip imports
Nvidia CEO Jensen Huang said China will open its market to US AI chips, despite current restrictions blocking Nvidia’s H200 sales there.
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Nissan Plans to Export Chinese-Made EVs to Canada Following Policy Shift
Nissan is considering exporting electric vehicles made in China to Canada after regulatory changes eased restrictions on Chinese imports.
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China's CXMT posts 1,688% profit surge and 719% revenue jump in Q1 2026 amid chip shortage
ChangXin Memory Technologies reported a 1,688% net profit rise and 719% revenue increase in Q1 2026 amid global DRAM shortages.
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Evergrande liquidators sue PwC for US$8.4 billion over audit negligence in Hong Kong
Evergrande liquidators filed a US$8.4 billion lawsuit against PwC and affiliates alleging audit negligence in Hong Kong.
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India's stock market loses $924 billion amid AI investment shift, risks losing top five spot
India's stock market dropped $924 billion from its September 2024 peak as investors favor AI sectors, threatening its top five global ranking.
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EU plans to require companies to diversify suppliers to reduce reliance on China
The EU is drafting rules to force companies in key sectors to buy critical components from at least three suppliers, limiting single-supplier reliance to 30-40%.
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Australia's unemployment rate rises to 4.5% in April, highest since 2021
Australia's unemployment rate rose to 4.5% in April 2026 with employment declining by 18,600, the first fall this year.
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Australia orders six China-linked investors to divest Northern Minerals shares by June 1
Australia’s government directed six shareholders tied to China to sell near 27% of Northern Minerals shares within two weeks starting May 18, 2026.
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Investor Dan Niles forecasts 30%-50% drop in AI stocks in early 2027
Tech investor Dan Niles predicts a 30%-50% plunge in AI-related stocks in early 2027 after a surge in enthusiasm and market concentration.
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Qantas Flight Diverted to Papeete After Passenger Bites Flight Attendant
A Qantas flight from Melbourne to Dallas was diverted on May 15 after a passenger bit a flight attendant and was restrained by other travelers.
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Tesla raises US Model Y prices, denies increases in China amid financing changes
Tesla raised prices for several Model Y variants in the US on May 16 but denied price hikes in China, where it canceled low-interest financing plans.
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Valuetronics forecasts steep net profit drop in FY2026 due to Trio AI impairments
Valuetronics warned of a major net profit decline in FY2026 from impairments tied to its 26.6% stake in GPU and AI cloud firm Trio AI.
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S&P revises Mexico credit outlook to negative citing fiscal weakness and rising debt
S&P Global Ratings lowered Mexico's credit outlook to negative on May 13, citing fiscal weakness and rising debt levels.
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Ray Dalio Says China’s Rise Signals New Global 'Tribute System' Era
Ray Dalio said US global power is waning as China grows wealth and influence, reshaping global trade and security dynamics.
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German Firms Show Stronger Optimism on China Economy Despite Geopolitical Challenges
Nearly 40% of German Chamber of Commerce members in China expect economic improvement in next six months, up from 22% last year.
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China and US agree to lower tariffs and confirm major aircraft purchase after Trump-Xi summit
China and the US agreed to reduce tariffs on select products and confirmed China’s purchase of US aircraft following a Beijing summit with Presidents Trump and Xi.