US unemployment claims data stoked optimism around interest rate cuts this year ahead of next week's crucial inflation data

China’s largest contract chipmaker said revenue jumped as both domestic and global customers rebuilt inventories

Car exports jumped by 38% year-on-year to 417,000 units in April, after a 39% rise in March; but domestic sales were down nearly 6% from 2023

US insurance provider Porch Group is suing China Construction Bank in a US court for allegedly enabling a "massive fraud" that caused it multi-million-dollar losses

Hundreds of the world's top scientists say they expect 2.5C of global warming this century, or more - and dire consequences for humanity

The US is likely to maintain tariffs on Chinese products and will reveal news next week on areas of strategic competition such as EVs and solar panels, sources say

A teardown of the Pura 70 smartphone suggests Huawei may have only made incremental improvements in its ability to produce an advanced chip with Chinese partners

The provincial capitals Hangzhou and Xian are the latest Chinese cities to drop limits on people buying homes, but analysts say prices need to fall further before buyers return

Shipments from China grew 1.5% year-on-year last month, while imports increased by 8.4% - reversing losses in both categories in March

US officials are looking to restrict the export of closed source AI models to China, Russia and other rivals, sources say, but there is uncertainty on the regulatory set-up it seeks to impose

Commerce Secretary said: "We could take extreme action, which is to say 'No Chinese connected vehicles in the United States' or look for mitigation," including safeguards, guardrails or other requirements."

The draconian vetting process has fanned concerns about challenges for corporate fundraising in a slowing economy and the country back-pedalling on market-oriented reforms