Hengli Petrochemical cuts Output and cancels crude imports amid supply shift, sources say

China’s refining giant Hengli Petrochemical has significantly reduced its refining activity after cancelling large volumes of crude oil purchases from West Africa and the Middle East, according to sources familiar with the matter. The decision reportedly affects at least 6 million barrels of crude, marking an unusual reversal in procurement......

Beijing Skyscraper crash investigation reveals pilot’s suicidal intent, authorities say

Authorities in Beijing have confirmed that the pilot involved in a deadly aviation incident last week deliberately steered a small tourist aircraft into a high-rise building, with newly released findings pointing to documented expressions of suicidal intent. The aircraft collided with the city’s tallest building, located in the Chaoyang......

Volvo Cars reports 5.6% drop in second-quarter sales as electric vehicle demand continues to grow

Volvo Cars reported a decline in global vehicle sales during the second quarter of 2026, reflecting challenging market conditions despite continued growth in demand for its electrified models. The Swedish automaker sold 171,501 vehicles between April and June, a 5.6% decrease compared with the same period last year, according to figures released......

China and EU to hold second trade and investment consultation meeting this Autumn

China and the European Union have agreed to strengthen their economic dialogue by holding regular ministerial-level meetings under their newly established trade and investment consultation mechanism, with the second session scheduled for this autumn. The announcement signals continued efforts by both sides to maintain communication on trade......

Super Micro confirms two Taiwan employees detained in AI server export investigation

Super Micro Computer has confirmed that two employees at its Taiwan subsidiary have been detained as part of an investigation into the alleged illegal export of advanced artificial intelligence (AI) servers containing Nvidia chips to China. The company said two additional employees were questioned by prosecutors and later released on bail......

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