China · Business
Same event, multiple sources, transparently cited.
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Starbucks cuts 180 jobs in London and Hong Kong as part of global restructuring
Starbucks laid off about 180 corporate employees in London and Hong Kong amid efforts to reduce costs and simplify management.
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Nearly 25% of Chinese Listed Firms Report FX Losses Amid Yuan Appreciation in Q1 2026
About a quarter of 5,500 Chinese onshore listed firms cited foreign-exchange losses as a major factor reducing profits in Q1 2026 amid yuan gains.
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Citadel Securities boosts Asia staffing with nearly half of 60 hires in Hong Kong
Citadel Securities hired more than 60 people across six Asian markets in 2026, nearly half in Hong Kong, its largest regional office.
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Japan’s core machinery orders drop 9.4% in March after two quarters of growth
Japan’s seasonally adjusted core machinery orders fell 9.4% in March to ¥1.01 trillion, following increases earlier in the year.
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PetroChina targets 30 bcm coal rock gas production by 2035 to boost energy independence
PetroChina plans to produce 30 billion cubic metres of coal rock gas by 2035, surpassing last year's shale gas output record.
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Lifestyle International races to refinance HK$6.75 billion loan secured by Sogo store
Lifestyle International Holdings Ltd seeks to refinance HK$6.75 billion loan, with HK$2 billion still unsecured, amid extended bank talks.
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China Increases Export Controls on Indium Amid Rising AI Chip Demand
China has tightened export scrutiny on indium, requiring more approvals and end-user disclosures in 2026 amid AI sector growth.
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Ukraine Expands Drone Technology Ties with Japan Amid Security Concerns
Ukrainian drone maker UFORCE seeks partnerships with Japan following Tokyo's relaxed arms export rules.
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Taiwan’s Aiwen mangoes enter French market as luxury fruit, selling out quickly
Taiwan exported 6 tons of Aiwen mangoes to France, passing EU inspections and selling rapidly at premium prices in Paris markets.
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Chinese investors plan $2 billion buyback of AI firm Manus from Meta
Original Chinese investors, including Sequoia China and Tencent, plan to repurchase AI startup Manus from Meta at about $2 billion.
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China imposes 55% tariff on Australian beef after quota reached on June 18
China began applying a 55% additional tariff on Australian beef starting June 20 after the annual 205,000-tonne quota was fully used.
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US raises concerns over possible ASML EUV machine shipment to China; ASML denies
US Commerce Secretary Lutnick warned ASML in 2026 that an EUV lithography machine may have reached China, a claim ASML strongly denies.
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South Korea’s KOSPI Index Tops 9000 Points for First Time, Market Cap Exceeds 80 Trillion Won
South Korea’s KOSPI index broke 9000 points on June 18, 2026, closing at 9063.84 amid strong chipmaker gains and foreign buying.
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More than 100 million Chinese consumers face rising bad debt burden, weighing on economic recovery
Over 100 million Chinese consumers struggle with bad debt exceeding 2 trillion yuan, dragging down retail sales and loan growth.
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Chinese automakers target wealthy consumers in right-hand-drive markets at Hong Kong auto show
Chinese automakers showcased new luxury EVs and strategies for right-hand-drive markets at the Hong Kong auto show on June 18, 2026.
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China to enact legal measures against unilateral sanctions targeting its financial sector
China will introduce legal provisions to block and counter extraterritorial sanctions, Vice Premier He Lifeng said June 17 at the Lujiazui Forum.
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US Gasoline Prices Fall Below $4 per Gallon for First Time Since March
The US nationwide average gasoline price dropped below $4 per gallon on June 17, 2026, amid easing Middle East tensions.
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EU leaders agree on stronger trade defenses to address €360 billion China deficit
EU leaders agreed at a Brussels summit to strengthen trade defenses against China amid a growing €360 billion annual trade deficit.
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Microsoft expands AI model sales to Chinese firms despite US-China rivalry
Microsoft has grown its AI model sales business with major Chinese tech firms, including ByteDance, amid US-China tensions.
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Lululemon apologizes for Japanese drum use at Great Wall yoga festival in China
Lululemon apologized for using a Japanese taiko drum at a Great Wall yoga event in China after social media backlash.
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US and Iran Agree on Peace Text as SpaceX IPO Spurs Stock Rally
US and Iran reached consensus on a peace deal and expect to sign soon, while SpaceX’s IPO ignited a major stock market rally June 12.
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SpaceX revealed $890M Tesla purchases including Cybertrucks and Megapacks in IPO filing
SpaceX and its affiliate xAI disclosed $890 million in Tesla purchases since 2023, including Cybertrucks and energy storage Megapacks.
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China to Launch Yuan Bond Futures in Hong Kong and Expand Shanghai Yuan Trading Facilities
China will start trading yuan-denominated five-year treasury bond futures in Hong Kong on August 3 and expand yuan offshore trading in Shanghai to boost yuan internationalisation.
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China’s central bank signals shift to overnight policy rate from seven-day repo
The People’s Bank of China signaled a shift toward using the overnight policy rate, adjusting repo operations and narrowing the interest rate corridor.