China · Business
Same event, multiple sources, transparently cited.
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UK Prime Minister announces plan to nationalize British Steel, controlled by Chinese firm
UK Prime Minister Starmer unveiled legislation on May 11 to nationalize British Steel, currently owned by Chinese Jingye Group.
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Japan’s Corporate Goods Prices Surge 2.3% in April, Raising BOJ Rate Hike Odds
Japan’s corporate goods prices rose 2.3% in April amid rising inflation, prompting expectations of a Bank of Japan rate hike in June.
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SpaceX files for record $75 billion IPO on Nasdaq amid Starship V3 test flight
SpaceX filed for a $75 billion IPO on Nasdaq under ticker SPCX as it completed the first Starship V3 test flight.
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Alphabet completes largest-ever yen bond issuance by foreign company at ¥576.5 billion
Alphabet Inc sold ¥576.5 billion in yen bonds, the largest issuance by a non-Japanese firm, as part of a $60 billion borrowing spree.
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Taiwan's Stock Market Surpasses India's to Become World's Fifth Largest
Taiwan's stock market capitalization rose to $4.95 trillion on May 25, overtaking India's $4.92 trillion amid a tech-driven rally.
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China renews import permits for hundreds of US beef plants during Xi-Trump summit
China renewed import licenses for hundreds of US beef plants on May 14, 2026, reversing a lapse amid trade tensions.
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Elon Musk joins US President Trump at US-China summit in Beijing
Elon Musk attended a US-China summit in Beijing with President Trump and top executives, expressing intent to achieve 'many good things' in China.
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Trump and Xi meet in Beijing to discuss trade, Taiwan amid AI-driven Asian stock gains
US President Donald Trump and Chinese President Xi Jinping held a summit in Beijing focusing on trade and Taiwan while Asian markets rose on AI optimism.
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Cisco posts strong Q3 2026 earnings, raises AI order forecast, plans 4,000 layoffs
Cisco reported a 12% revenue increase for Q3 2026, boosted AI orders, and announced plans to cut about 4,000 jobs amid restructuring.
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Oil prices surge above $107 as Strait of Hormuz closure disrupts supply and US-Iran talks collapse
Strait of Hormuz closure cut global oil supply 10.5M barrels/day, driving Brent crude above $107 amid failed US-Iran ceasefire talks.
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Foxconn reports 19% profit rise in Q1 led by Nvidia-linked AI server sales
Foxconn posted a 19% jump in Q1 net income to NT$49.9 billion, driven by strong AI server demand using Nvidia accelerators.
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India bans sugar exports until September 30 to protect domestic supply
India banned sugar exports starting May 13, 2026, until September 30 to stabilize prices amid tight domestic supply.
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Iran expands military control over Strait of Hormuz, imposes transit rules amid conflict
Iran has extended military control over the Strait of Hormuz, requiring all ships to coordinate transit amid US and Gulf rejection.
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Oil steady near $106, gold firm before Trump-Xi talks amid Iran war tensions
Oil and gold prices held steady on May 14 ahead of US President Trump and Chinese President Xi Jinping’s Beijing summit amid Iran conflict concerns.
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China invoice crackdown disrupts copper trade as traders seek workarounds
China’s crackdown on fake tax invoices is disrupting parts of the copper trade and leaving some metals traders unable to do business.
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China's AI-related exports drive record April shipment growth
China's AI-related exports helped drive a 14% jump in April shipments abroad to a record $359 billion.
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Amazon launches first Swiss franc bond sale in six tranches
Amazon has launched its first Swiss franc bond sale in six tranches, with pricing expected later Tuesday.
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Netflix says it spent over US$135 billion on films and TV in 10 years
Netflix said it spent over US$135 billion making films and TV shows in the past decade.
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India raises gold and silver import tariffs to 15% to curb trade deficit
India increased gold and silver import tariffs from 6% to 15% on May 13 to reduce trade deficit and conserve foreign exchange amid rising costs.
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BYD Negotiates Factory Takeovers with Stellantis and European Car Manufacturers
BYD Co. is in talks with Stellantis NV and other European carmakers to take over underutilized factories across Europe, particularly in Italy.
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JPMorgan to reshuffle investment banking leadership, name 3 co-heads
JPMorgan Chase is set to reshuffle senior roles in its investment bank and name 3 co-heads of global investment banking.
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Global oil inventories fall at record pace amid Middle East Strait of Hormuz blockade
The IEA reports global oil stocks fell sharply in March and April due to Middle East conflict closing the Strait of Hormuz.
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Nvidia CEO Huang’s 2026 pay fell 27% to $36.3 million
Nvidia CEO Jensen Huang’s total compensation for fiscal 2026 fell 27% to $36.3 million, filings and reports said.
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Samsung Electronics and union reach tentative pay deal, strike suspended
Samsung Electronics and its largest South Korean labor union reached a tentative pay agreement in late May 2026, suspending a planned strike.