China · Business
Same event, multiple sources, transparently cited.
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China's YMTC and CXMT Begin IPO Processes Amid Semiconductor Demand Surge
Yangtze Memory Technologies and ChangXin Memory Technologies launched IPO preparations amid rising chip demand and strong profits.
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Eurozone business activity contracts sharply in May amid Iran war and energy pressures
Eurozone business activity shrank for the second month in May 2026, driven by services, as energy costs rose amid the Iran conflict.
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China’s Government Spending Falls 7.3% in April Amid Slowing Economy
China's public expenditure dropped 7.3% year-on-year in April 2026, marking its fastest contraction in six months and signaling an economic slowdown.
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Sam Altman Offers $2 Million in OpenAI Tokens for Equity in Y Combinator Startups
OpenAI CEO Sam Altman offered $2 million worth of tokens to each YC 2026 startup for equity through an uncapped SAFE contract.
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Tesla launches Full Self-Driving in China after regulatory nod, expands local hiring
Tesla rolled out its FSD system in China following Level 3 autonomous driving approval and is hiring heavily to accelerate local testing.
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Foreign investors pour nearly $29 billion into Chinese stocks in April 2026
Foreign investors returned to Chinese stocks in April 2026 with about 200 billion yuan in net inflows amid a robust tech rally.
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Nvidia reports record $81.6B Q1 revenue fueled by AI demand; AMD pledges $10B Taiwan AI investment
Nvidia posted record fiscal 2027 Q1 revenue of $81.6 billion on strong AI demand; AMD pledged over $10 billion for Taiwan AI infrastructure expansion.
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Japan’s foreign visitors drop 5.5% in April 2026 amid China decline and Middle East unrest
Japan saw a 5.5% year-on-year decline in foreign visitors in April 2026, driven by a sharp fall in Chinese tourists and disruptions from Middle East unrest.
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Two Chinese Supertankers with Four Million Barrels of Crude Exit Strait of Hormuz
Two Chinese supertankers carrying four million barrels of crude oil left the Strait of Hormuz on May 20 after over two months in the Gulf.
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US indicts seven Chinese executives and four firms for container cartel during Covid pandemic
The US Justice Department charged seven Chinese executives and four container makers with fixing shipping container prices from 2019 to 2024.
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China’s 10-year bond yield hits nine-month low as global bond yields rise
China’s 10-year government bond yield fell to 1.73% this week amid fragile recovery and ample liquidity, despite global bond selloff.
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Stellantis to produce affordable electric E-Car in Italy starting 2028
Stellantis will begin producing a small electric vehicle named E-Car at its Pomigliano plant in Italy in 2028.
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Seagate CEO Warns Long Plant Build Times Risk Memory Capacity Oversupply, Stocks Fall
Seagate CEO Dave Mosley said new plant construction takes too long, triggering sell-offs in Seagate and memory stocks on May 18-19, 2026.
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Nvidia CEO Huang says China will open AI chip market; Nvidia cedes ground to Huawei
Nvidia CEO Huang Renxun expects China will eventually open its AI chip market but says Nvidia has largely exited amid restrictions.
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China confirms 200 Boeing jets purchase amid US-China $30B tariff talks
China confirmed buying 200 Boeing aircraft and discussed reciprocal $30 billion tariff cuts with the US, following summit talks in Beijing.
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US charges seven executives including Singapore's Teo Siong Seng in container price-fixing cartel
The US DOJ charged seven executives from four major container makers, including Singapore’s Teo Siong Seng, with price-fixing from 2019 to 2024.
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Chinese robotic hand maker Linkerbot plans potential Hong Kong IPO in 2026
Beijing-based Linkerbot is considering an IPO in Hong Kong as soon as 2026 to raise several hundred million dollars.
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Australia’s wheat production set to drop by up to 10 million tons in 2026 due to drought and Iran war
Australia, the world’s third-largest wheat exporter, expects up to 10 million tons less wheat in 2026 amid drought and supply disruptions from the Iran war.
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Commerzbank formally rejects UniCredit takeover offer valued up to €39 billion
Commerzbank on May 18 rejected UniCredit’s bid, urging shareholders not to accept the €39 billion takeover proposal.
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IMF raises UK 2026 growth forecast to 1.0% despite Middle East conflict risks
The IMF raised the UK's 2026 economic growth forecast to 1.0% citing stronger Q1 data but warned of risks from political instability and Middle East energy shocks.
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Standard Chartered to cut over 7,000 back-office jobs globally by 2030 due to AI
Standard Chartered announced on May 19 it will cut more than 15% of its back-office roles by 2030, replacing jobs with AI and automation investments.
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Nvidia CEO Jensen Huang expects China to eventually allow US AI chip imports
Nvidia CEO Jensen Huang said China will open its market to US AI chips, despite current restrictions blocking Nvidia’s H200 sales there.
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Nissan Plans to Export Chinese-Made EVs to Canada Following Policy Shift
Nissan is considering exporting electric vehicles made in China to Canada after regulatory changes eased restrictions on Chinese imports.
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China's CXMT posts 1,688% profit surge and 719% revenue jump in Q1 2026 amid chip shortage
ChangXin Memory Technologies reported a 1,688% net profit rise and 719% revenue increase in Q1 2026 amid global DRAM shortages.