Trump to keep Starlink at White House despite feud with Musk
Trump says he may move the Tesla around a little bit, but he doesn’t think they’ll be doing that with Starlink
Saudi Arabia’s economy grows 3.4% in Q1 2025, beating expectations despite oil drag
Smaller oil-sector contraction and strong private-sector growth fuel surprise rebound, but fiscal pressures loom amid Vision 2030 spending
Japan’s economy shrinks less than feared in Q1, but tariff risks cloud outlook
Revised data shows flat quarterly growth as consumption improves slightly, but analysts warn trade tensions could derail recovery
China’s EV giants clash as emissions probe reignites and price war deepens
Geely backs Great Wall’s claims against BYD over hybrid emissions as industry feud intensifies under regulator scrutiny
South Korean president urges quick supplementary budget to boost recovery
If approved, the new supplementary budget would add to an earlier 13.8 trillion won ($9.7 billion) package passed on May 1
Malaysia to revise sales tax rates and expand services tax from July 1
Services tax will cover more sectors, including property rentals, construction, financial services, private healthcare, education, and beauty services
Nvidia CEO says UK lacks AI infrastructure despite strong research base
Huang praises UK’s AI ecosystem, pointing to its top universities and growing startups but notes it lacks its own advanced AI infrastructure
Crypto funds’ assets hit record high as investors hedge and diversify
Bitcoin gains more than 15% over the past three months, outperforming a 3.6% rise in the MSCI World Index and a 13.3% gain for gold
Geely backs Great Wall’s claims against BYD over emissions standards
BYD, Great Wall Motor, and Geely are now locked in a public row over emissions compliance and price wars
Oil prices steady as investors await outcome of U.S.-China trade talks
Brent crude rises 11 cents to $66.58 a barrel, while U.S. West Texas Intermediate gains 6 cents to $64.64
Boeing resumes plane deliveries to China after tariff pause
China accounts for about 10% of Boeing’s commercial backlog and remains a critical and expanding aviation market
Apple’s AI challenges loom at upcoming developer event
Despite promising a range of artificial intelligence features at last year’s event, many have been delayed until next year
Growth in China car sales continues but price wars threaten industry
Sales of electric and hybrid vehicles grow 28.2% in May, down from a 33.9% rise the previous month
U.S. and China to meet Monday in London to revive stalled trade talks
Administration continues to monitor China’s compliance with the Geneva agreement, says White House spokeswoman
Starbucks adjusts pricing strategy in China to stay competitive
The company is also exploring ways to revive its China business, including potential stake sales