China · Business
Same event, multiple sources, transparently cited.
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Evergrande liquidators sue PwC for US$8.4 billion over audit negligence in Hong Kong
Evergrande liquidators filed a US$8.4 billion lawsuit against PwC and affiliates alleging audit negligence in Hong Kong.
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India's stock market loses $924 billion amid AI investment shift, risks losing top five spot
India's stock market dropped $924 billion from its September 2024 peak as investors favor AI sectors, threatening its top five global ranking.
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EU plans to require companies to diversify suppliers to reduce reliance on China
The EU is drafting rules to force companies in key sectors to buy critical components from at least three suppliers, limiting single-supplier reliance to 30-40%.
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Australia's unemployment rate rises to 4.5% in April, highest since 2021
Australia's unemployment rate rose to 4.5% in April 2026 with employment declining by 18,600, the first fall this year.
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Australia orders six China-linked investors to divest Northern Minerals shares by June 1
Australia’s government directed six shareholders tied to China to sell near 27% of Northern Minerals shares within two weeks starting May 18, 2026.
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Investor Dan Niles forecasts 30%-50% drop in AI stocks in early 2027
Tech investor Dan Niles predicts a 30%-50% plunge in AI-related stocks in early 2027 after a surge in enthusiasm and market concentration.
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Qantas Flight Diverted to Papeete After Passenger Bites Flight Attendant
A Qantas flight from Melbourne to Dallas was diverted on May 15 after a passenger bit a flight attendant and was restrained by other travelers.
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Tesla raises US Model Y prices, denies increases in China amid financing changes
Tesla raised prices for several Model Y variants in the US on May 16 but denied price hikes in China, where it canceled low-interest financing plans.
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Valuetronics forecasts steep net profit drop in FY2026 due to Trio AI impairments
Valuetronics warned of a major net profit decline in FY2026 from impairments tied to its 26.6% stake in GPU and AI cloud firm Trio AI.
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S&P revises Mexico credit outlook to negative citing fiscal weakness and rising debt
S&P Global Ratings lowered Mexico's credit outlook to negative on May 13, citing fiscal weakness and rising debt levels.
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Ray Dalio Says China’s Rise Signals New Global 'Tribute System' Era
Ray Dalio said US global power is waning as China grows wealth and influence, reshaping global trade and security dynamics.
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German Firms Show Stronger Optimism on China Economy Despite Geopolitical Challenges
Nearly 40% of German Chamber of Commerce members in China expect economic improvement in next six months, up from 22% last year.
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China and US agree to lower tariffs and confirm major aircraft purchase after Trump-Xi summit
China and the US agreed to reduce tariffs on select products and confirmed China’s purchase of US aircraft following a Beijing summit with Presidents Trump and Xi.
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China and US agree to uphold trade deals and create trade, investment councils
China and the US agreed to fully implement existing trade deals and establish bilateral trade and investment councils after a Beijing summit.
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US-Iran talks ease oil prices as hopes grow for Strait of Hormuz reopening
On May 25, 2026, oil prices fell sharply following progress in US-Iran talks that could reopen the Strait of Hormuz and ease energy pressures.
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Siemens signs deal to acquire key rail technology units from Italian firm Mer Mec
Siemens Mobility signed an agreement to acquire parts of Italian rail firm Mer Mec’s signaling, telecom, and services businesses.
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Hong Kong's Q1 2026 GDP rises 5.9% year-on-year, government keeps 2026 growth forecast
Hong Kong's economy grew 5.9% year-on-year in Q1 2026 while the government maintained its 2026 growth forecast at 2.5%-3.5%.
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OCBC Hong Kong targets fivefold wealth income growth with expanded team in 2026
OCBC Hong Kong plans to grow wealth income fivefold in 2026 by boosting revenue, hiring more wealth managers, and opening a new private client centre.
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UK Prime Minister announces plan to nationalize British Steel, controlled by Chinese firm
UK Prime Minister Starmer unveiled legislation on May 11 to nationalize British Steel, currently owned by Chinese Jingye Group.
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Japan’s Corporate Goods Prices Surge 2.3% in April, Raising BOJ Rate Hike Odds
Japan’s corporate goods prices rose 2.3% in April amid rising inflation, prompting expectations of a Bank of Japan rate hike in June.
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SpaceX files for record $75 billion IPO on Nasdaq amid Starship V3 test flight
SpaceX filed for a $75 billion IPO on Nasdaq under ticker SPCX as it completed the first Starship V3 test flight.
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Alphabet completes largest-ever yen bond issuance by foreign company at ¥576.5 billion
Alphabet Inc sold ¥576.5 billion in yen bonds, the largest issuance by a non-Japanese firm, as part of a $60 billion borrowing spree.
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Taiwan's Stock Market Surpasses India as Fifth Largest Amid AI Chip Boom
Taiwan's stock market reached $4.95 trillion by May 25, overtaking India to become world's fifth largest driven by AI semiconductor demand.
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China renews import permits for hundreds of US beef plants during Xi-Trump summit
China renewed import licenses for hundreds of US beef plants on May 14, 2026, reversing a lapse amid trade tensions.