China · Business
Same event, multiple sources, transparently cited.
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BHV Marais to end Shein partnership by Christmas after ownership change
Paris department store BHV Marais will end its Shein store partnership by Christmas 2026 following a sale to new executives and backlash over fast fashion.
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China signs 26 financial institutions to digital yuan cross-border payment platform
China’s digital yuan operation centre signed agreements with 26 financial institutions to join its cross-border payment platform on June 16, 2026.
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BMW Cuts 2026 Profit Forecast, Cites China Slowdown and Middle East Conflict
BMW lowered its 2026 operating margin and profit outlook due to weak demand in China and impacts from the Middle East conflict.
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Ukraine launches large drone attacks on Moscow and Crimea amid Russian fuel shortages
Ukraine conducted large-scale drone attacks on Moscow and Crimea in June 2026, damaging Russian refineries and worsening fuel shortages.
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OpenAI spent $34B in 2025 with $13B revenue, files confidential IPO in June 2026
OpenAI reported $34 billion in expenses and $13 billion revenue for 2025 and confidentially submitted an IPO filing in June 2026.
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US delays blacklisting of over 100 Chinese firms including DeepSeek and CXMT
The US government has postponed adding DeepSeek, CXMT, and over 100 Chinese firms to the Commerce Department’s Entity List over national security concerns.
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China's May 2026 retail sales fall 0.6%, first drop since 2022 amid weak auto demand
China’s retail sales declined 0.6% year-on-year in May 2026, the first drop since December 2022, driven by falling auto sales and fading subsidy effects.
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China Implements Mining Controls on Strategic Minerals Starting June 15, 2026
China began enforcing new mining controls on strategic minerals on June 15 to secure supply and protect resources.
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Italy's antitrust regulator opens probe into Apple over cloud service interoperability under EU law
Italy's competition authority opened an investigation into Apple for possible breaches of the EU Digital Markets Act on June 16.
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US Supreme Court Upholds Trump-Era Tariffs on $370 Billion of Chinese Imports
The US Supreme Court declined to hear an appeal, upholding tariffs on $370 billion of Chinese goods imposed during Trump’s administration.
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Yum Brands sells Pizza Hut for $2.7 billion in split deal with LongRange Capital and Yum China
Yum Brands announced it will sell Pizza Hut for $2.7 billion, splitting China and global businesses between Yum China and LongRange Capital.
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IEA urges unconditional reopening of Strait of Hormuz to end global energy crisis
The International Energy Agency called for the full reopening of the Strait of Hormuz to shipping, key to resolving oil supply disruptions.
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Germany rejects UniCredit's €39 billion offer to take over Commerzbank
Germany’s Finance Agency rejected UniCredit’s €39 billion takeover bid for Commerzbank, citing low price and concerns over UniCredit’s approach.
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Record 45% of central banks plan to boost gold reserves amid dollar decline
Nearly half of central banks worldwide intend to increase gold holdings over the next year amid geopolitical risks and waning dollar dominance.
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China’s home prices fall faster in May amid property market weakness
New-home prices in 70 Chinese cities dropped 0.2% month-on-month in May 2026, accelerating the decline from April as resale values also fell sharply.
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China’s retail sales fall 0.6% in May 2026, first drop since Covid amid economic slowdown
China’s retail sales declined 0.6% year-on-year in May 2026, reversing April gains and signaling deeper economic weakness.
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EU shortlists tungsten, rare earths, gallium for first critical minerals stockpile
The European Union has selected tungsten, rare earths, and gallium for its first joint critical minerals stockpile to curb Chinese supply dependence.
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PwC finds AI raises skill needs and reshapes entry-level jobs worldwide
PwC's 2026 AI Jobs Barometer shows AI is increasing skill demands and changing early career roles globally.
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Tyra Banks sues Netflix over alleged false portrayal in America's Next Top Model documentary
Tyra Banks filed a 65-page lawsuit accusing Netflix and producers of defamatory editing in a three-part documentary.
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Bank of Japan raises policy rate to 1% for first time since 1995 amid inflation pressures
The Bank of Japan raised its short-term policy rate to 1% on June 16, the highest level in 31 years, citing inflation risks from energy prices and a weak yen.
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BBC to cut around 2,000 jobs including several hundred in core news department
BBC will cut about 2,000 jobs corporation-wide, starting with several hundred in the news department to save £500 million.
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Starbucks Korea to close stores early June 22 for staff history and sensitivity training
Starbucks Korea will close all stores at 3pm June 22 for three hours of staff training on history and social sensitivity after a controversial promotion sparked outrage.
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Stellantis and Dongfeng form joint venture to build EVs in France
Stellantis and Dongfeng launched a Europe joint venture to assemble Dongfeng's Voyah EVs at Stellantis' Rennes plant in France.
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China confirms order for 200 Boeing aircraft amid rising air travel demand
China confirmed a deal to purchase 200 Boeing planes, marking the largest new Boeing order since 2017.