The Trump administration has been trying to build up the U.S. battery supply chain and reduce its reliance on China. But the funding it has set aside for the effort is small compared with what would be needed to substantially loosen China’s grip on the industry, according to analysts and executives who spoke with CNBC. …
American reliance on China for key components used to power data centers is coming under increasing scrutiny as Washington and Beijing battle for AI supremacy, raising the prospect of higher costs and worsening supply chain shortages for the AI buildout. U.S. hyperscalers are racing to build multibillion-dollar data centers for AI, and Chinese firms supply…
President Donald Trump and Chinese President Xi Jinping tour Zhongnanhai Garden in Beijing, China, May 15, 2026. China Pool | Getty Images News | Getty Images President Donald Trump is slated to host Chinese leader Xi Jinping at the White House, and the stakes are sky high — but some China watchers are once again…
CEUTA, Spain (AP) — The city of Ceuta, a tiny speck of Spanish territory perched on the northern African coast, normally celebrates its official holiday on Sept. 2 all on its own, ignored by the mainland. Not this year, not after Ceuta became the epicenter of Spain’s worst border crisis in living memory. What would’ve…
KAZAN, RUSSIA – OCTOBER 23: President of China Xi Jinping meets with Iranian President Masoud Pezeshkian (not seen) within the 16th BRICS Summit in Kazan, Russia on October 23, 2024. Iranian Presidency | Anadolu | Getty Images China’s President Xi Jinping gave his Iranian counterpart Masoud Pezeshkian a brief, low-profile audience at a regional security…
ASHEVILLE, N.C. (AP) — Treasury Secretary Scott Bessent said Tuesday that 19 of the members of the G20 agreed to address streams of “cheap exports” that cause global economic imbalances, but China dissented. Bessent said that getting even 19 countries to agree to take on the problem was “incredible” and shows “the sheer the enormity…
KYIV, Ukraine (AP) — Russia launched a large aerial assault in and around Ukraine’s capital overnight into Tuesday morning, killing at least 11 people and wounding more than a dozen others, including three children, local authorities said. Ukraine’s air force said that Russia began the attack at 6 p.m. Monday, using ballistic, cruise and anti-radar…
HONG KONG (AP) — Shares in fast-fashion online retail giant Shein fell after they began trading on Hong Kong’s stock market Tuesday, after a long delay in the company’s plans to list its shares publicly. Shein raised about $1.7 billion, priced at HK$48.56 ($6.19) a share, in its initial public offering in Hong Kong in…
The United Kingdom warned against any attempt by Israel to remove British officials from the Gaza ceasefire coordination center on Friday, after reports that Israel was considering expelling U.K. officials. Meanwhile, an Israeli airstrike in southern Gaza killed three people from the same family as the county continues its attacks despite a monthlong ceasefire brokered…
Chinese and U.S. flags flutter near The Bund, before U.S. trade delegation meet their Chinese counterparts for talks in Shanghai, China July 30, 2019. Aly Song | Reuters BEIJING — As the U.S. ramped up pressure this week on China with secondary Iran sanctions, the world’s two largest economies have still managed to stay focused…