China hiked its imports of crude oil from Iran in June, as Iran accelerated loadings in May and independent Chinese refiners bought more discounted Iranian barrels. Amid overall high imports in recent weeks, thanks to the lower oil prices in April and May when cargoes were bought, China significantly boosted its imports of crude from…
The latest Sino-American “handshake”—a 90-day pause on tariffs, semiconductor export bans, and rare-earth chokeholds agreed in Geneva and revived in London this month—was never meant as a love-in. It is a grudging ceasefire, a chance for each superpower to breathe, re-stock, and, above all, rewrite the operating manual of twenty-first-century techno-commerce. The United States plainly…
President Donald Trump speaks during the “One, Big, Beautiful Event” in the East Room of the White House in Washington, D.C., on Thursday, June 26, 2025. During the press conference, Trump remarked that a trade deal has been signed with China. Photo by Ken Cedeno/UPI | License Photo June 27 (UPI) — The United States…
China’s current account surplus surged to a record $165.4 billion in the first quarter of 2025, revised marginally lower from the initial estimate of $165.6, but more than three times higher than the $47.2 billion from the corresponding period of the previous year. The surge reflected the rise in exports as slowing domestic demand and…
China’s Ministry of Commerce says the two sides “further confirmed the details of the framework.” President Donald Trump says the United States and China have signed a trade agreement amid efforts to end a trade war between the world’s biggest economies. “We just signed with China the other day,” Trump said during an event at…
European stocks rose on Friday, led by automakers, as signs of easing trade tensions between Beijing and Washington raised hopes of a de-escalation in the U.S.-led tariff war. The pan-European STOXX 600 index advanced 0.9% at 542.27 points, as of 0825 GMT. The index was on track to log its first weekly gain in three…
Lexus officially broke ground on its new energy vehicle manufacturing facility in Shanghai’s Jinshan District today, marking the second wholly foreign-owned automobile enterprise in Shanghai following Tesla. The Lexus new energy project, located in the Shanghai Bay High-tech Zone in Jinshan District, is scheduled for completion in August 2026, with production expected to commence in…
NEWYou can now listen to Fox News articles! In light of the arrests of two Chinese nationals who are accused of smuggling a crop-killing fungus across the border, one expert warns that agroterrorism from foreign adversaries could cause a “severe disruption” to the United States. “Agroterrorism is any attempt to bring items into the United…
Yahoo Finance UK’s Pedro Goncalves writes: Spotify’s shares were trading higher ahead of the US market open, following a 5% increase in the previous session, as analysts raised their price target in anticipation of the company’s Q2 earnings report. Guggenheim Securities analyst Michael Morris reaffirmed his “buy” rating on the stock and lifted his 12-month…
China’s Ministry of Commerce in Beijing. Visual China Group | Getty Images The U.S. and China have confirmed details of a trade framework that seeks to allow rare earth exports and easing of tech restrictions, according to a statement released by China’s Ministry of Commerce Friday afternoon. China will review and approve export applications for…