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U.S. Investigates Chinese Firms for Alleged Pre-Pandemic Shipping Container Production Cuts

U.S. Investigates Chinese Firms for Alleged Pre-Pandemic Shipping Container Production Cuts

U.S. Investigates Chinese Firms for Alleged Pre-Pandemic Shipping Container Production Cuts
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U.S. Charges Executives and Firms Over Container Cartel Impacting Consumers

U.S. Charges Executives and Firms Over Container Cartel Impacting Consumers

U.S. Charges Executives and Firms Over Container Cartel Impacting Consumers
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Russia Expresses Concern Over G7's Rare Earth Initiatives in Central Asia

Russia Expresses Concern Over G7's Rare Earth Initiatives in Central Asia

Russia has raised concerns regarding the efforts of the G7 nations, including the US and EU, to secure access to rare earths and critical minerals in Central Asia. Deputy Foreign Minister Mikhail Galuzin stated that these efforts are not merely economic competition but an attempt to push Russia out and establish a Western-controlled infrastructure near its borders. The G7's initiative aims to diversify from China's dominance in rare earth supply chains, which are crucial for technologies like electric vehicles, renewable energy, and defense systems. Central Asian countries such as Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan are considered by Russia as part of its sphere of interest.
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XPEL Invests $110 Million in Texas and China Manufacturing Expansion

XPEL Invests $110 Million in Texas and China Manufacturing Expansion

XPEL Invests $110 Million in Texas and China Manufacturing Expansion
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US Forces Conduct Large-Scale Military Exercise in the Pacific Amid Rising Tensions

US Forces Conduct Large-Scale Military Exercise in the Pacific Amid Rising Tensions

The United States and its allies recently conducted a large-scale military exercise, Balikatan 2026, in the Philippines. This exercise involved over 17,000 troops and focused on defending the Philippines from potential invasions, particularly in the context of rising regional threats. The drills included the use of drones, electronic warfare, and various missile systems, drawing on tactics observed in the Ukraine conflict. The exercise aimed to enhance coordination among US and allied forces, showcasing capabilities in long-range strikes and counter-invasion strategies. The event also highlighted the integration of new technologies, such as 3D-printed drones, to maintain operational readiness in remote areas.
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U.S. Justice Department Indicts Chinese Container Manufacturers for Pandemic-Era Price Fixing

U.S. Justice Department Indicts Chinese Container Manufacturers for Pandemic-Era Price Fixing

U.S. Justice Department Indicts Chinese Container Manufacturers for Pandemic-Era Price Fixing
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China says rare earth controls lawful, will cooperate with US on 'reasonable' concerns

China says rare earth controls lawful, will cooperate with US on 'reasonable' concerns

By Lewis Jackson BEIJING, May 20 (Reuters) - China will work with the U.S. on "reasonable" concerns regarding its rare earth export controls, the Ministry of Commerce said on Wednesday, in a statement that defended its restrictions as legitimate and lawful.
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Sberbank seeks Chinese chips to power Russia's GigaChat AI model

Sberbank seeks Chinese chips to power Russia's GigaChat AI model

MOSCOW, May 20 (Reuters) - Russia hopes to power its flagship GigaChat AI model with Chinese-made chips, Sberbank's CEO said during President Vladimir Putin's visit to China, as Western sanctions continue to block the country's access to advanced hardware abroad.
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Taiwan's Lai says he would tell Trump he hopes to continue arms purchases from the US

Taiwan's Lai says he would tell Trump he hopes to continue arms purchases from the US

Taiwan President Lai Ching-te says that if given the chance he would tell U.S. President Donald Trump he hopes to continue U.S. arms purchases that are essential for peace
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Taiwan's Lai says he would tell Trump he hopes to continue arm purchases, if given a chance

Taiwan's Lai says he would tell Trump he hopes to continue arm purchases, if given a chance

Taiwan President Lai Ching-te says if given the chance, he would tell U.S. President Donald Trump that he hopes to continue U.S. arms purchases and that they are essential for peace
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EU Considers New Supply-Chain Rules to Reduce Dependence on China

EU Considers New Supply-Chain Rules to Reduce Dependence on China

The European Union is reportedly drafting new regulations that would require companies in strategic sectors to diversify their supply chains away from China. This move marks a shift from the EU's previous 'de-risking' strategy to a more binding industrial policy. The proposed rules would mandate companies in sectors such as chemicals and industrial machinery to source critical components from at least three suppliers, limiting reliance on any single supplier to 30-40%. This initiative is driven by concerns over China's dominance in supply chains for critical minerals, rare earths, and other essential components, which are vital for defense, energy transition technologies, and high-end manufacturing. The EU Trade Commissioner, Maroš Šefčovič, is also considering additional trade measures, including punitive tariffs on Chinese goods, to address the trade deficit with China.
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Battery storage firms eye AI demand but face grid, supply hurdles

Battery storage firms eye AI demand but face grid, supply hurdles

By Kavya Balaraman May 18 (Reuters) - Battery storage firms in the U.S. are seeing surging interest from power-hungry AI data centers, but lengthy queues to connect to the grid and a supply chain heavily dependent on China are hampering the industry's ability to rapidly scale.