China · Business
Same event, multiple sources, transparently cited.
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UK Prime Minister Keir Starmer Resigns After Local Election Losses, Sterling Weakens
UK Prime Minister Keir Starmer resigned amid political pressure after heavy Labour losses in May local elections, causing sterling to weaken [s1,s2].
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China adds 10 US rare earth and defense-linked firms to export control list
China banned dual-use exports to 10 US rare earth and defense-linked companies on June 22, 2026.
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China keeps loan prime rates steady for 13th month in June 2026
China held its 1-year and 5-year loan prime rates unchanged at 3.0% and 3.5% respectively in June 2026, marking 13 consecutive months without a change.
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France and Germany agree equal 40% stakes in defense firm KNDS ahead of IPO
France and Germany agreed to hold equal 40% stakes in European defense company KNDS before its planned IPO on July 13, 2026.
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SK Hynix briefly surpasses Samsung Electronics as South Korea's most valuable company
On June 22, 2026, SK Hynix's market value rose above Samsung Electronics, making it South Korea's top listed company for the first time since 2000.
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Explosion at Qatar's Ras Laffan LNG Facility Injures Dozens, Causes Missing Persons
An explosion during startup at Qatar's Barzan gas supply facility injured 54, left 18 missing, and caused a fire now controlled.
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Japan's Toto to invest 80 billion yen in semiconductor materials targeting 1-nanometer chips
Toto will invest 80 billion yen over five years to expand its semiconductor materials business focused on 1-nanometer chip technology.
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Chinese regulators probe AI-driven stock rallies amid market overheating concerns
Chinese regulators are scrutinizing AI-fueled stock rallies and questioning companies and funds on business links and valuations.
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China urges Asia-Pacific trade cooperation amid rising protectionism at Suzhou APEC meeting
China called on 21 Asia-Pacific economies to deepen trade cooperation to counter rising protectionism during the May 22 APEC meeting in Suzhou.
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US sanctions China's Hengli Group for Iranian oil purchases, Singapore unit shuts down
The US sanctioned Hengli Group and 40 shipping firms in April over Iranian oil, leading to Hengli’s Singapore trading unit closure in June.
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Investors shift from TSMC to MediaTek and Samsung amid strong AI sector gains
Investors are diversifying from TSMC to other AI-related tech firms as MediaTek and Samsung shares soar in 2026.
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Australia extends fuel excise relief by one month to ease rising prices amid Middle East conflict
Australia will extend fuel excise relief until the end of July, keeping petrol and diesel 16 cents per litre cheaper amid global supply disruptions.
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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.