74 m. ago Nvidia bets on European AI push amid shrinking China revenue

Nvidia is trying to woo European markets with new partnerships and a pledge to build 20 new artificial intelligence (AI) factories across the continent, as the US chip giant grapples with declining sales in China amid Washington’s tightening export controls. CEO Jensen Huang, speaking at the annual VivaTech conference in Paris on Wednesday, said the company was building the world’s first “industrial artificial intelligence cloud” for European manufacturers. The Germany-based facility, a key part...

Politics

21 h. ago China grants export permits to rare earth giant for US, Europe shipments

A top Chinese rare earth exporter, which hosted President Xi Jinping during a 2019 inspection, said it had obtained export permits for several destinations, including the United States. Investors welcomed the news, sending the company’s shares higher. JL MAG Rare-Earth said on Wednesday that it had also been granted licenses for Europe and Southeast Asia, and that it would export magnetic materials, components and motor rotors. “After the export controls imposed on medium and heavy rare earth...

Politics

25 h. ago China rare earths magnets maker says it has received export licences

China rare earths magnets maker says it has received export licences  Reuters

Politics

29 h. ago Dollar, yuan steady after US, China reach framework deal to ease export curbs

Dollar, yuan steady after US, China reach framework deal to ease export curbs  Reuters

Economics

30 h. ago US and China agree on plan to ease export controls after trade talks in London

US and China agree on plan to ease export controls after trade talks in London  CNN

Politics

31 h. ago US, China reach deal to ease export curbs, keep tariff truce alive

US, China reach deal to ease export curbs, keep tariff truce alive  Reuters

Economics

31 h. ago Dollar holds steady after US, China reach framework deal to ease export curbs

Dollar holds steady after US, China reach framework deal to ease export curbs  Reuters

Economics

63 h. ago Nvidia, AMD, Other Chip Stocks Rise on Hopes China Export Restrictions Could Ease

Nvidia, AMD, Other Chip Stocks Rise on Hopes China Export Restrictions Could Ease  Investopedia

Politics

63 h. ago US, China Hold Trade Talks in London to Address Export Curbs

US, China Hold Trade Talks in London to Address Export Curbs  Yahoo Finance

Politics

64 h. ago Bloomberg Intelligence: US China Trade Talks Start in London With Aim to Ease Export Curbs

Bloomberg Intelligence: US China Trade Talks Start in London With Aim to Ease Export Curbs  Bloomberg

Politics

68 h. ago US soybean farmers move to reduce dependence on China as trade war grinds on

Soybean farmers in the United States have stepped up efforts to diversify their export markets while maintaining China as a critical buyer, despite ongoing trade tensions between the two superpowers, according to the head of a leading industry association. Jim Sutter, CEO of the US Soybean Export Council, said that while concerns about possible disruptions persist, China’s strong demand for soybeans – a crucial commodity for food and livestock feed – would ensure the US remains an important...

Events

68 h. ago US vows reprieve on some tech export restrictions as talks with China begin in London

Top economic officials from Washington and Beijing have launched a high-stakes round of trade talks in London, with a senior White House official signaling soon after the start that the US will ease some tech export restrictions on China, adding that he expected the Chinese government to ramp up rare earth mineral exports to American markets. The Chinese and American delegations – led by China’s vice-premier, He Lifeng, alongside US Treasury Secretary Scott Bessent, Commerce Secretary Howard...

Politics

68 h. ago US hints at reprieve on some tech export restrictions as talks with China begin

Top economic officials from Washington and Beijing launched a high-stakes round of trade talks in London, with a senior White House official signalling soon after the start that the US would ease some tech export restrictions on China, adding that he expected the Chinese government to ramp up rare earth mineral exports to American markets. The Chinese and American delegations – led by Chinese Vice-Premier He Lifeng, alongside US Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick...

Politics

69 h. ago Why Trump’s nuclear export controls won’t stop China, may hurt US firms: analysts

China’s nuclear ambitions may face a slight setback from Washington’s reported export restrictions on power plant components, but Beijing will press ahead with its construction drive and intensify efforts to develop home-grown technologies as its domestic reactors mature, analysts said. The Trump administration has reportedly suspended licenses for the export of some nuclear power generation equipment to China. The US Department of Commerce issued the ruling in recent weeks, according to...

Politics

2 d. ago Ahead of US trade talks, China’s rare earth trade data from May sends a message

In a reflection of Beijing’s ability to quickly leverage its dominance over the critical-mineral supply chain, the value of rare earth elements exported by China last month plunged by nearly half compared with a year prior. The official data came as analysts have been saying that China’s export controls over large quantities of critical minerals are like the ultimate trump card in trade negotiations with the United States. The world’s second-largest economy exported rare earth elements worth...

Politics

3 d. ago Trump Gives U.S. Negotiators Room to Lift Export Controls on China

Trump Gives U.S. Negotiators Room to Lift Export Controls on China  WSJ

Politics

3 d. ago China's rare earth exports jump 23% in May despite export curbs

China's rare earth exports jump 23% in May despite export curbs  Reuters

Politics

3 d. ago China trade data for May misses expectations as export growth slows, imports dip

China’s export growth slowed last month amid lingering uncertainty over US tariffs, pointing to continued strain in the country’s manufacturing and trade sectors – and the slight uptick could also reflect front-loading by exporters anticipating future disruptions. China’s May exports were up by 4.8 per cent, year on year, to US$316.1 billion, customs data showed on Monday. The figure followed April’s 8.1 per cent growth and fell short of the estimate of a 6.28 per cent increase in a market...

Politics

3 d. ago US tariffs hit China’s exports in May, but June seen as ‘a better month’

China’s export growth slowed last month, weighed down by fewer US orders being made before the two countries came to a 90-day tariff truce. And while June’s prospects look poised to improve, China’s manufacturing and trade sectors remain under strain, according to economists, who also point to lingering uncertainties over American tariffs. China’s May exports were up by 4.8 per cent, year on year, to US$316.1 billion, customs data showed on Monday. The figure followed April’s 8.1 per cent growth...

Events

3 d. ago Tech hub Shenzhen launches plan to support consumption, exporters amid trade war

China’s top export city and tech hub, Shenzhen, is stepping up efforts to boost domestic consumption and support exporters amid a turbulent trade war between Beijing and Washington. “Consumption is the fundamental driving force behind economic growth and development,” according to a 39-point plan released by the Shenzhen Municipal Development and Reform Commission on Friday. Shenzhen will leverage its strategic strengths in four key categories: artificial intelligence (AI) terminals, smart home...

Events