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Chinese AI firms form alliances to build domestic ecosystem amid US curbs

SHANGHAI (Reuters) -China’s artificial intelligence companies have announced two new industry alliances, aiming to develop a domestic ecosystem to reduce dependence on foreign tech as they seek to cope with U.S. export restrictions on advanced Nvidia chipsets. The announcements were timed to coincide with the ...
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Morning Bid: US and EU avert tariff bust-up

A look at the day ahead in European and global markets from Gregor Stuart Hunter We may be hearing a lot about the art of the deal this week. With the U.S. tariff deadline bearing down on the global economy at the end of this week, ...
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As Dubai cracks down on crowded jerry-rigged apartments, migrant workers have nowhere else to go

DUBAI, United Arab Emirates (AP) — Lights flicker, doors hang off their hinges and holes in the walls expose pipes in the apartment building where Hesham, an Egyptian migrant worker, lives in Dubai, an emirate better known for its flashy skyscrapers and penthouses. His ...
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Hong Kong’s CK Hutchison seeks Chinese investor to join Panama Ports deal

HONG KONG (AP) — A Hong Kong conglomerate that’s selling ports at the Panama Canal said Monday it may seek a Chinese investor to join a consortium of buyers, a move that could please Beijing but bring more U.S. scrutiny to the geopolitically fraught ...
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US, China to launch new talks on tariff truce extension, easing path for Trump-Xi meeting

By David Lawder STOCKHOLM (Reuters) -Top U.S. and Chinese economic officials will resume talks in Stockholm on Monday to try to tackle longstanding economic disputes at the centre of a trade war between the world’s top two economies, aiming to extend a truce by three ...
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Stocks cheer the art of Trump’s trade deals after EU agreement

By Ankur Banerjee SINGAPORE (Reuters) -Global stocks rose and the euro firmed on Monday after a trade agreement between the United States and the EU lifted sentiment and provided clarity in a pivotal week headlined by the Federal Reserve and the Bank of Japan policy ...
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Oil rises as US-EU deal lifts trade optimism

By Florence Tan SINGAPORE (Reuters) -Oil prices rose on Monday after the U.S. reached a trade deal with the European Union and may extend a tariff pause with China, reducing concerns that potentially higher levies would limit economic activity and impact fuel demand. Brent crude ...
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Euro rises after US, EU agree to tariff deal

By Rocky Swift TOKYO (Reuters) -The euro gained on Monday following the announcement of a framework trade agreement between the United States and the European Union, the latest in a flurry of deals to avert a global trade war. Meeting in Scotland on Sunday, U.S. President ...
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CK Hutchison eyes Chinese bidding partner for $22.8 billion port sale

HONG KONG (Reuters) -CK Hutchison said on Monday it wants a major Chinese strategic investor to join the consortium bidding for its $22.8 billion ports business, after media reports that state-owned China COSCO Shipping Corp may join the group. In a statement, CK Hutchison said ...
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US and China to talk in Stockholm on trade with eye on Trump-Xi summit later this year

WASHINGTON (AP) — When top U.S. and Chinese officials meet in Stockholm, they are almost certain to agree to at least leaving tariffs at the current levels while working toward a meeting between their presidents later this year for a more lasting trade deal ...
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Samsung Elec signs $16.5 billion contract to supply semiconductors

SEOUL (Reuters) -Samsung Electronics said on Monday it has signed a contract valued at $16.5 billion to supply semiconductors to a major global corporation, in a regulatory filing. It did not name the counterpart. Samsung Electronics declined to comment on the contract. ($1 = 1,383.6800 ...
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Boeing’s fighter jet workers in the St. Louis area reject a contract offer

Boeing Co. expects more than 3,200 union workers at three St. Louis-area plants that produce U.S. fighter jets to strike after they rejected a proposed contract Sunday that included a 20% wage increase over four years. The International Machinists and Aerospace Workers union said the ...
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