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China in touch with Yemen's Houthis to allow ships to sail through Red Sea, sources say
China has held direct talks with Yemen's Houthi movement to enable its tankers to sail through the southern Red Sea without being attacked after the Iran-aligned militia pledged to...
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China's chip tool push shows ASML caught in US-China squeeze
China's launch of a homegrown type of advanced lithography chip printing machine is spotlighting how European chip tool maker ASML , whose recent share price surge made it Europe'...
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Under pressure over China backers, Mercedes CEO pledges to defend US business
Mercedes-Benz's CEO pledged on Tuesday to shield its U.S. business from a possible sales ban, as concerns in Washington over the German carmaker's Chinese investors threaten it wit...
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China's premier travels in Xi's stead for anniversary of 1976 quake
China's No.2 leader, Premier Li Qiang, visited the city of Tangshan on Tuesday for the 50th anniversary of a 1976 earthquake that killed a quarter of a million people - a trip us...
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Persistently high inflation to nag global economy, say economists: Reuters poll
The prospect of persistently high inflation in the global economy is rising, according to a Reuters poll of nearly 500 economists who mostly raised inflation forecasts and cut grow...
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EU to impose provisional duties on Chinese sodium benzoate
The European Union will impose provisional anti-dumping duties on imports from Chinese producers of sodium benzoate after an investigation sparked by a complaint from German chem...
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Fitch warns AI market correction emerging as major global credit risk
The AI boom and the risk of a correction are emerging as major global credit risks, ratings agency Fitch has warned, adding to growing concerns that soaring tech valuations and un...
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China starts production of home-grown immersion DUV chipmaking tools - source
China has begun mass producing domestically developed immersion deep-ultraviolet (DUV) lithography machines, a technology crucial to advanced chipmaking, a person familiar with th...
China
Philips falls 9% as weak orders, China concerns overshadow outlook hike
Philips shares fell 9% on Tuesday after the healthcare technology group reported weaker-than-expected orders and warned of a more challenging environment in China, overshadowing a...
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China hopes for constructive role by Slovakia in ties with EU, Xinhua reports
Chinese President Xi Jinping hopes Slovakia will play a constructive role in the development of European Union's relations with China, focusing on properly handling conflicts a...
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Mercedes reports higher second-quarter profit, but flags China woes for car sales
German premium carmaker Mercedes-Benz reported a 22% rise in second-quarter operating profit on Tuesday, helped by intensified cost-cutting measures, but warned of weakness in it...
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Taiwan drills to test relocating arms production under Chinese attack
Taiwan will test relocating weapons production lines and converting civilian factories for military use in annual drills next month, the defence ministry said on Tuesday, aiming t...
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AI anxiety sparks tech rout, broad selloff in Asian markets
Asian markets fell on Tuesday led by chipmakers on unease about the massive funding demands of the AI boom, while a slide in oil prices did relatively little to lift bonds and lef...
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Asian chip stocks slide as China competition fears rattle AI trade
South Korea led the regional selloff, as investors questioned lofty valuations amid concerns over AI infrastructure financing and intensifying competition from China.
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Dollar hits one-month high on lingering chances of Fed hike
The U.S. dollar held at a one-month high on Tuesday as traders weighed a slim but lingering chance of a rate hike at the Federal Reserve's upcoming meeting, even as falling oil pr...
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China begins making homegrown DUV chipmaking tools, The Information reports
China has begun manufacturing domestically developed immersion deep ultraviolet lithography machines, a key chipmaking tool long dominated by Dutch supplier ASML , The Informatio...
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Volkswagen in talks with Chinese partner on Spanish battery plant, trade outlet reports
Volkswagen and its partner Gotion are in advanced talks about a possible stake for the Chinese company in the German carmaker's battery plant in Valencia, Spanish trade publicati...
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China accuses US of 'AI hegemonism', threatens countermeasures over potential probes
China's commerce ministry on Monday accused the United States of "AI hegemonism" and threatened countermeasures after senior U.S. officials said Chinese AI companies could face in...
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