China · Business
Same event, multiple sources, transparently cited.
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AI Demand Drives Memory Chip Shortage and Consumer Electronics Price Surge
Rising AI data center memory needs have sparked chip shortages and price hikes in consumer electronics worldwide.
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China’s top state banks cited for tax evasion and improper loans in audit report
National Audit Office found Bank of China evaded billions in taxes and Agricultural Bank issued improper farmland loans.
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South Korea to expand semiconductor clusters as AI chip demand surges
South Korea plans new semiconductor clusters and accelerated builds by Samsung and SK Hynix amid strong AI chip demand.
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ECB Officials Signal Possible Further Rate Hikes Amid Persistent Inflation
European Central Bank officials say further interest rate hikes may be needed to control inflation above target through 2027.
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Micron signs multi-year memory supply deal with Anthropic, reports strong Q3 earnings
Micron agreed to supply AI startup Anthropic with memory products and posted a 346% revenue jump in Q3, beating estimates.
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Japan unveils 370 trillion yen 14-year plan focusing on AI and semiconductors
Japan announced a 14-year investment plan of 370 trillion yen targeting AI, semiconductors, and other tech sectors starting from 2026.
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China sharply restricts key mineral exports to Japan after Taiwan remarks
China has cut exports of critical minerals like tungsten and rare earth magnets to Japan since late 2025 amid tensions over Taiwan comments by Japan’s prime minister.
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Agility Robotics to go public via SPAC with $2.5 billion valuation and Foxconn-led investment
Agility Robotics announced plans to merge with Churchill Capital Corp XI and list on Nasdaq under ticker AGLT/AGTL by September 2026.
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Bank of England caps stablecoin issuance at £40 billion, removes individual limits
The Bank of England set a £40 billion cap per stablecoin and scrapped proposed individual and business holding limits.
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Bank of Thailand holds policy interest rate steady at 1.0% on June 24, 2026
The Bank of Thailand kept its policy interest rate unchanged at 1.0% in a unanimous vote by its monetary policy committee on June 24, 2026.
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Bank of Korea signals future interest rate hike amid housing and debt risks
The Bank of Korea said it may raise interest rates soon due to rising housing prices and mounting household debt risks.
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Samsung Electronics plans 90 trillion won share buyback for employee bonuses
Samsung Electronics plans a 90 trillion won share buyback to fund stock bonuses for employees after recent wage talks.
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Alphabet to Replace Verizon in Dow Jones Industrial Average on June 29, 2026
S&P Dow Jones Indices announced Alphabet will replace Verizon in the Dow before market opens June 29, 2026.
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Japanese equities shift from value to growth as AI firms top market cap rankings
Japanese equities are attracting growth funds as AI and energy-efficient technology firms outpace traditional manufacturers in market value.
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AI Stock Boom Doubles Market Caps in Taiwan and South Korea, Raises Retail Risks
Stock markets in Taiwan and South Korea doubled in value over the past year amid AI-driven demand, drawing record retail investor participation including minors.
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Alibaba sues US Defense Department to be removed from Chinese military blacklist
Alibaba filed a lawsuit against the US Department of Defense to challenge its listing as a Chinese military-associated company.
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India and US hold two-day talks in New Delhi to finalize interim trade deal
US Trade Representative Jamieson Greer met Indian Commerce Minister Piyush Goyal June 23-24 to advance an interim trade agreement before a July deadline.
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Dettol apologises after China advert sparks backlash over sexist content
Dettol pulled an advert in China and apologised after social media backlash over sexist themes and calls for boycott.
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Tesla and BYD lead Europe's EV sales surge in May 2026 with strong growth
Tesla and BYD posted sharp increases in electric vehicle registrations across the EU in May 2026, with BYD surpassing Tesla in monthly sales.
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Lucid Motors to Cut About 18% of U.S. Workforce, Eliminate COO Position
Lucid Motors announced on June 22 it will lay off about 1,500 U.S. employees and cut the COO role amid factory shift cancellations.
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US Leads in Biotech Quality While China Dominates Clinical Trials, Survey Finds
A survey finds the US leads in biotech quality and commercialization, while China leads clinical development and supply chain.
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EU Parliament ECON committee approves framework for digital euro launch
The European Parliament’s ECON committee approved rules backing the digital euro, clearing a key step toward a 2029 launch.
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Chinese autonomous driving startup Momenta to raise $900M in Hong Kong IPO
Momenta Global Ltd, backed by GM and Tencent, received Hong Kong Stock Exchange approval to launch a $900 million IPO ahead of a July listing.
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China’s fiscal deficit narrows 4.1% in early 2026 amid cautious spending
China’s fiscal deficit fell 4.1% in January-May 2026 to 3.16 trillion yuan as government spending declined and tax revenue rose.