Saturday, May 10, 2025

Tag: China

From Rally to Retreat: Oil Tumbles on China’s Cold Shoulder

Oil prices fell sharply as trade talks between China and the U.S. stalled, with Brent crude dropping to $65.86 per barrel.

WTI Jumps 3.5% as U.S. Sanctions on Chinese Refiners Tighten Supply

Oil prices surged as U.S. sanctions on Chinese firms raise supply concerns, pushing Brent and WTI prices higher ahead of Easter.

Oil Sinks 18% Over Four Straight Days as Tariff Tensions Escalate

Oil prices fell sharply due to Trump's new tariffs on China, raising fears of a global economic slowdown. Brent crude dropped 2.16%.

Chinese Love Guru Fined $1M After Underreporting Income

Chinese relationship expert Le Chanchui fined $1.04M for tax evasion despite earning millions by teaching women to marry wealthy men.

Trump Confirms Tariffs Will Begin Monday, Dismissing Delay Rumors

Trump confirmed that tariffs will be imposed as scheduled, emphasizing ongoing negotiations with many countries despite permanent tariffs.

‘Spiced’ With Opium: Chinese Restaurant Owner Jailed for Drug-Laced Hot Pot

A Chinese restaurant owner was caught using opium poppies as seasoning, leading to a ban and legal consequences for food safety violations.

U.S. Blacklists 50+ Chinese Firms, Sends Nvidia Stock Into Freefall

The U.S. blacklists over 50 Chinese firms, restricting semiconductor access and impacting stock prices of major companies.

Japanese Tourists Detained at Great Wall After Exposing Buttocks in Prank

Two Japanese tourists were detained at the Great Wall for a prank, sparking outrage in China and Japan over public decency laws.

Pig Kidney Transplanted into Human: China Marks Major Step in Xenotransplantation

A Chinese hospital successfully transplanted a genetically modified pig kidney into a human, marking a milestone in xenotransplantation.

Apple’s Market Share Crumbles in China as Huawei and Xiaomi Rise

Apple's market share in China is plummeting due to competition from cost-effective local brands like Xiaomi and Huawei.

China’s AI Surge: Manus Outpaces OpenAI, South Korea Faces Growing Competition

China's AI sector is booming with startups like Manus, pushing for open-source and investment to stay competitive against global giants.

China Dominates Global Shipbuilding Market, Leaving U.S. and Allies Behind

A U.S. think tank urges collaboration with allies to counter China's dominance in shipbuilding, highlighting risks to national security.