Brent crude falls below 110 dollars after volatile spike above 120

Brent crude slipped below 110 dollars a barrel on Thursday, pulling back from a brief spike above 120 dollars the previous day, one of the most volatile stretches on oil markets since the start of the Strait of Hormuz crisis two months ago. The sharp moves underscore a market caught between fears of a prolonged supply disruption and repeated......

China suspends robotaxi licences after Baidu system failure

China has suspended the issuance of new licences for autonomous vehicles following a major technical failure involving Baidu’s robotaxi fleet. The decision comes after an incident in Wuhan where more than 100 autonomous vehicles reportedly stopped operating at the same time, triggering disruption in urban traffic and raising safety concerns. The......

Oil crisis accelerates global shift toward renewable energy transition

A surge in oil prices triggered by the conflict involving Iran is driving an unprecedented acceleration in the global transition to renewable energy, according to the United Nations’ top climate official. The sharp rise in fossil fuel costs is reshaping energy strategies worldwide, as governments and industries respond to mounting economic......

Irish Supreme Court allows TikTok EU–China data transfers during appeal process

The TikTok will be allowed to continue transferring user data from the European Union to China while it appeals a major privacy ruling, after a decision by the Irish Supreme Court. The ruling confirms that the company can maintain its data flows during the ongoing legal process against a decision by Ireland’s data protection authority,......

China’s coal powered grid shields factories amid Asian energy shock

China’s manufacturing sector expanded in April despite a global energy crisis triggered by escalating geopolitical tensions and disruptions to maritime routes. Official data showed industrial activity continuing to grow, supported by a domestic energy system heavily reliant on coal, which has insulated factories from the sharp rise in......

Nvidia’s B300 servers surge to $1 million in China amid U.S. export curbs

Prices for advanced artificial intelligence servers have surged in China, with some of Nvidia’s latest B300 systems reportedly reaching nearly $1 million per unit, according to industry sources. The sharp increase reflects a combination of strong demand for high-performance computing and tightening supply constraints linked to U.S.......

China tightens rare earth sanctions boosting mining stocks

China has proposed a new regulatory framework that would impose stricter administrative penalties on illegal activity across its rare earth sector, including extraction, refining, and related operations. The draft rules target production beyond approved quotas, mining or processing without a licence, and obstruction of state inspections. The......

Taiwan tops Beijing’s agenda for Trump-Xi summit

Taiwan is expected to become a central issue in the upcoming summit between U.S. President Donald Trump and Chinese President Xi Jinping, highlighting once again the deep strategic tensions between Washington and Beijing. For China, Taiwan remains a core national interest, while the United States continues to be the island’s most important......

BYD accused of labor rights abuses on construction site in Europe amid expansion plans

Chinese electric vehicle giant BYD is facing serious allegations of labor rights abuses at the construction site of its factory in Szeged, Hungary, raising fresh concerns over working conditions linked to China’s industrial expansion in Europe. According to a report published by the non-governmental organization China Labor Watch (CLW),......

Goldman Sachs restricts Anthropic AI access for Hong Kong bankers

Goldman Sachs has blocked its Hong Kong-based bankers from accessing Anthropic’s Claude AI models through internal systems, reflecting a strict interpretation of its agreement with the US startup. The restriction has been in place for several weeks and applies specifically to Anthropic tools, while access to other providers such as OpenAI......

Chinese tech giants rush to secure Huawei AI chips after DeepSeek V4 launch

Demand for advanced artificial intelligence chips in China has surged following the release of a new AI model, prompting major technology firms to secure supply from Huawei. According to industry sources, leading Chinese companies including ByteDance, Tencent, and Alibaba are actively seeking to place new orders for Huawei’s Ascend......

Hengli reshapes Singapore unit after US sanctions over Iran oil

The United States Treasury has imposed sanctions on Hengli Petrochemical, one of China’s largest independent oil refiners, accusing the company of purchasing billions of dollars worth of Iranian crude oil. The sanctions also target dozens of shipping companies and vessels allegedly involved in transporting oil linked to Iran through......

China pledges stronger energy security as Iran war hits economies

China’s Politburo has pledged to strengthen national energy security as the economic fallout from the war involving Iran spreads across global markets. The commitment comes as countries from the Gulf region to Europe face rising inflation, slowing growth, and severe disruptions in energy supply chains linked to the continued closure......

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