China · Business
Same event, multiple sources, transparently cited.
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Japan's Producer Price Index Soars 6.3% in May, Highest Since March 2023
Japan's Producer Price Index rose 6.3% year-on-year in May 2026, driven by energy, chemicals, and metal price surges.
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Starbucks explores stake sale and IPO for Japan unit valued up to $3.7 billion
Starbucks is considering a stake sale or IPO for its Japan business, which has about 2,100 stores, as preliminary talks with banks take place.
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US stocks volatile after Iran tension escalates and inflation hits 3-year high
US stock markets plunged June 10 after President Trump ordered strikes on Iran and inflation data rose, following a June 8 chip stock rebound amid eased tensions.
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US military reportedly escorts over 100 million barrels of oil through Strait of Hormuz amid Iran tensions
The US military has secretly escorted more than 100 million barrels of oil and 200 commercial ships through the Strait of Hormuz in June 2026, President Trump said.
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European Stocks Fall Amid Middle East Tensions and US Tech Selloff, MPS Surges on Bid
Europe’s Stoxx 600 index slipped to a two-week low on June 8–9 as Middle East conflicts and US tech losses hit markets, while Monte dei Paschi rose on a takeover bid.
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Taiwan plans tighter export controls on AI chips to China to align with US rules
Taiwan is weighing stricter export controls on AI chip sales to China to match US restrictions and curb semiconductor smuggling.
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European Central Bank Raises Interest Rates to 2.25% Amid Inflation Fueled by Iran War
The European Central Bank raised its main deposit rate by 0.25 points to 2.25% on June 11, citing inflation from the ongoing Iran conflict.
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China's May 2026 crude imports drop to lowest since 2017 amid Iran war supply disruptions
China's crude oil imports fell sharply in May 2026 to 7.8 million barrels per day, the lowest since 2017, as Iran war supply shocks cut flows at the Strait of Hormuz.
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China's May 2026 exports jump 19% led by AI hardware despite Middle East tensions
China's exports surged 19%-19.4% year-on-year in May 2026, driven by booming AI and semiconductor demand amid Middle East conflict.
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Elon Musk unveils SpaceX’s AI1 satellite and plans one million AI data center satellites
Elon Musk revealed detailed designs of SpaceX’s AI1 satellite and outlined plans to build one million AI data center satellites.
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GSK agrees to acquire US cancer biotech Nuvalent for $10.6 billion
GSK announced it will acquire Nuvalent, a US cancer biotech, for about $10.6 billion at a 40% premium.
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US adds Alibaba, BYD, Baidu and other Chinese tech firms to military blacklist
The US Department of Defense updated its blacklist on June 8, designating 80 Chinese companies including Alibaba, BYD, and Baidu as military-linked firms operating in the US.
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Prada unveils NASA astronaut inner-layer ventilation garment for moon missions
On June 7, 2026, Prada revealed a new astronaut inner-layer garment made with Axiom Space for NASA's upcoming moon missions.
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China's passenger car sales fall 22% in May, eighth month of decline
China's passenger car sales dropped about 22.2% year-on-year in May 2026, marking eight consecutive months of declines amid weak domestic demand.
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China tightens private fund oversight as South Korea acts to stabilize won
China strengthened rules on its private fund industry while South Korea launched measures to curb won’s decline amid market concerns.
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EU plans rules to cut reliance on China in key supply chains
The European Commission proposes laws requiring companies to diversify suppliers, targeting sectors dependent on China.
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China bans new cross-border brokerage trades for mainland clients starting June 12, 2026
Chinese authorities will halt new buying and fund inflows for Tiger Brokers, Futu, and Longbridge starting June 12 amid a crackdown on illegal cross-border securities firms.
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Banks move to seize Hong Kong’s Sheraton hotel after Shimao loan default
A group of banks are preparing to take control of a Sheraton hotel near Hong Kong airport after Shimao Group defaulted on a HK$4.5 billion loan.
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Jollibee weighs Hong Kong listing for international business instead of US
Jollibee Foods Corp. is considering shifting its planned spinoff and listing of its international business from the US to Hong Kong by end of 2027.
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SpaceX blocks China and Hong Kong investors from $75 billion US IPO access
SpaceX has restricted website access and blocked Chinese and Hong Kong investors from participating in its planned $75 billion IPO amid regulatory concerns.
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South Korea's Labor Minister Urges Tech Giants to Share AI Profits with Suppliers and Workers
Labor Minister Kim Young-hoon urged Samsung, SK Hynix and other tech firms today to share AI-driven excess profits with suppliers and workers after taxes.
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Broadcom Earnings Miss Sparks Global Semiconductor Sell-Off, Asian Markets Tumble
Broadcom’s weak Q2 earnings on June 4 triggered a global semiconductor sell-off as Asian markets including South Korea and Taiwan plunged on June 5.
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AI Stock Rally Cools as US and Asian Tech Shares Slide Amid Broadcom Earnings Miss
US and Asian tech shares declined on June 5, dragging Nasdaq futures lower amid cooling AI enthusiasm after Broadcom’s weak revenue forecast.
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China launches two-month crackdown on harmful content in micro-drama industry
China’s National Radio and Television Administration began a nationwide campaign on June 1 targeting harmful content in micro dramas.