China · Business
Same event, multiple sources, transparently cited.
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China and Taiwan Airlines Cut Fuel Surcharges in Early June 2026
China domestic airlines lowered fuel surcharges starting June 5; Taiwan cut international surcharges from June 7, 2026.
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Blackstone-backed Liftoff Mobile raises $437 million in US IPO priced at $23 per share
Liftoff Mobile raised $437 million in its US IPO by selling 19 million shares at $23 each, debuting on Nasdaq at $25.10 a share today.
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UK car registrations hit post-Covid high in May on Chinese EVs and Tesla sales surge
UK car registrations rose 7% in May 2026 to 160,662, driven by strong sales from Chinese EV brands and a 45% jump in Tesla sales.
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Lufthansa Boeing 787 nose gear collapses at Frankfurt gate, injuring staff
On June 4, a Lufthansa Boeing 787-9 experienced a nose landing gear collapse at Frankfurt Airport, injuring several employees and cancelling flight LH450.
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Nissan explores making Chery vehicles at Sunderland plant starting 2027
Nissan signed a non-binding deal with Chery to build Chinese-brand cars at its UK Sunderland factory from 2027 onwards.
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Trump Administration Appeals Court Ruling on $166 Billion Tariff Refunds
The Trump administration has filed an appeal challenging a court order to refund $166 billion in tariffs deemed illegal by the Supreme Court.
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China expands outbound investment rules to cover individual investors for first time
China’s cabinet on June 1 extended outbound investment regulations to individual investors, broadening oversight beyond corporate overseas investments.
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Tiger Brokers and Futu to halt new positions for mainland Chinese investors from June 12
Tiger Brokers and Futu will stop mainland China-based investors from opening new accounts or adding new positions starting June 12, 2026.
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EU Commission grants member states 0.3% GDP fiscal leeway for energy crisis aid
The European Commission will let EU countries exceed fiscal limits by 0.3% of GDP annually for green energy crisis support measures.
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France fines Shein over 22 million euros for consumer protection violations
French authorities fined Shein 22.4 million euros on June 3 for traceability, labeling, and consumer info breaches.
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EU could lose up to 1.3 million jobs in 2026 due to Iran war and energy crisis
European Commission warns the EU risks losing between 1 million and 1.3 million jobs this year amid Iran conflict and soaring energy costs.
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China appoints Guangyan to coordinate overseas mining investments under NDRC oversight
China named state-owned Guangyan to lead overseas metals mining deals with stricter government oversight by NDRC.
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Stephen Curry Signs 10-Year Endorsement Deal With Chinese Brand Li-Ning
Stephen Curry ended his Under Armour partnership and signed a 10-year deal with Chinese sportswear company Li-Ning in June 2026.
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OECD lowers 2026 global growth forecast to 2.8% amid Middle East war and steel sector strains
OECD cut the global growth outlook for 2026 to 2.8%, citing Middle East conflict impacts and warned on risks to steel industry viability.
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At Least Seven Chinese Military-Linked Universities Seek Nvidia H200 AI Chips Amid Export Controls
Seven Chinese universities connected to the military have tried to acquire Nvidia's H200 AI chips despite US export restrictions.
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China enforces rules requiring physical shops for food delivery services to curb ghost kitchens
China began enforcing regulations June 1 requiring food delivery merchants to have physical storefronts and disclose dine-in availability to combat ghost kitchens.
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Nio delivers 37,705 vehicles in May 2026, up 62.3% year on year
Nio delivered 37,705 vehicles in May 2026, marking a 62.3% increase from last year and launched two new SUVs during the month.
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South Korea overtakes India as world's sixth-largest stock market on AI chip surge
South Korea's stock market cap hit about US$5 trillion in 2026, surpassing India’s US$4.8 trillion driven by AI chipmakers Samsung and SK Hynix.
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China issues new regulations tightening overseas investment controls to curb tech outflow
China's State Council announced new overseas investment rules effective July 1 to restrict export of sensitive technology and data abroad.
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US Military Coordinated About 70 Merchant Ships Through Strait of Hormuz Without Escort
The US military quietly guided roughly 70 merchant ships through the Strait of Hormuz in May, offering communications and routing advice but no direct escort.
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SpaceX reserves 5% of IPO shares for employees and select associates
SpaceX will reserve up to 5% of shares in its IPO for employees and executive associates through a direct share program allowing immediate sales.
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Russia bans jet fuel exports until November 30 to protect domestic supplies
Russia announced a temporary jet fuel export ban starting June 1 to safeguard domestic fuel, lasting until November 30, 2026.
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China tightens overseas investment and trade secret rules to curb tech and talent outflows
China issued new regulations June 1 tightening controls on outbound investments and trade secret protections to block technology and talent transfers abroad.
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South Korea's May Exports Soar 53%, Driven by AI Semiconductor Surge
South Korea's May 2026 exports jumped 53.2% year-on-year to a record $87.75 billion led by a 169.4% rise in semiconductor shipments.