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China exports set for strong May on front-loaded orders, chip demand: Reuters poll

China exports set for strong May on front-loaded orders, chip demand: Reuters poll

BEIJING, June 8 (Reuters) - China's export growth likely strengthened in May, underpinned by a backlog of overseas orders brought forward to pre-empt energy price pressures tied to the Gulf war, alongside sustained global demand for semiconductors and AI-related components.
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Factbox-From Australia to Europe, countries move to curb children's social media access

Factbox-From Australia to Europe, countries move to curb children's social media access

GDANSK, June 8 (Reuters) - Australia in December became the world's first country to ban social media for children under 16, blocking them from platforms including TikTok, Alphabet's YouTube and Meta's Instagram and Facebook.
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Intel's AI Chip Factory Highlights U.S. Efforts to Secure Semiconductor Supply Chain

Intel's AI Chip Factory Highlights U.S. Efforts to Secure Semiconductor Supply Chain

Intel's AI Chip Factory Highlights U.S. Efforts to Secure Semiconductor Supply Chain
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US says BYD, Baidu and Alibaba are aiding China's military

US says BYD, Baidu and Alibaba are aiding China's military

By Michael Martina and David Shepardson WASHINGTON, June 8 (Reuters) - The U.S. on Monday issued an updated list of major Chinese companies that it believes are aiding Beijing's military, including e-commerce group Alibaba, Internet search provider Baidu and automaker BYD.
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US lawmakers urge tighter rules on contract chipmakers supplying Chinese firms' overseas units

US lawmakers urge tighter rules on contract chipmakers supplying Chinese firms' overseas units

By Stephen Nellis SAN FRANCISCO, June 8 (Reuters) - A bipartisan pair of U.S. senators on Monday urged President Donald Trump's administration to tighten rules on chip contract manufacturers such as Taiwan Semiconductor Manufacturing Co to prevent them from making advanced AI chips for overseas
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Pentagon Identifies Alibaba, Baidu, BYD, and Unitree as Supporting Chinese Military

Pentagon Identifies Alibaba, Baidu, BYD, and Unitree as Supporting Chinese Military

The Pentagon has expanded its list of entities it claims support the Chinese military, now including Alibaba, Baidu, BYD, and Unitree. This list, known as the 1260H list, is part of the 2021 National Defense Authorization Act. The inclusion of these companies could complicate business relations between U.S. companies and these Chinese entities, potentially escalating tensions between the U.S. and China. The list, which now includes 188 companies, aims to restrict Chinese tech influence, with previous additions like Tencent. The update was initially published in February but was temporarily withdrawn for unspecified reasons. The list also features other major Chinese AI and automotive industry players, such as Nio and RoboSense.
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China's global e-commerce push stalls as Iran war lifts costs, dampens demand

China's global e-commerce push stalls as Iran war lifts costs, dampens demand

By Sophie Yu, Helen Reid and Alessandro Parodi BEIJING/LONDON, June 8 (Reuters) - China's e-commerce export engine is faltering as surging jet fuel costs and weak demand from lower-income consumers in the West linked to the Iran war threaten profits for big online platforms like Temu, Shein and
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ASML Criticizes EU's Technology Sovereignty Approach, Citing Risks of Bureaucratic Overreach

ASML Criticizes EU's Technology Sovereignty Approach, Citing Risks of Bureaucratic Overreach

ASML, a leading supplier of advanced lithography equipment for semiconductor manufacturing, has expressed concerns over the European Commission's new technology sovereignty agenda. Christophe Fouquet, ASML's chief executive, supports the goal of strengthening Europe's technological independence but warns against the Commission's involvement in steering strategic projects eligible for state aid. Fouquet argues that such initiatives should be industry-led rather than directed from Brussels, as excessive direction could slow projects and add unnecessary bureaucracy. The Commission's technology sovereignty package, introduced on June 3, aims to reduce Europe's dependence on foreign suppliers in critical technologies, including semiconductors and AI systems. It includes legislative proposals like the Chips Act 2.0 and the Cloud and AI Development Act. The package reflects Europe's concern over its reliance on non-European providers, especially amid global competition affecting supply chains and data governance.
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President Trump Signs Executive Order for AI Model Vetting to Address Cybersecurity Risks

President Trump Signs Executive Order for AI Model Vetting to Address Cybersecurity Risks

President Trump has issued an executive order establishing a voluntary framework for federal vetting of advanced AI models before their public release. This directive allows government agencies a 30-day period to assess potential national security and cybersecurity risks associated with these cutting-edge systems. The order aims to balance innovation with security, ensuring that the U.S. maintains its technological edge, particularly against competitors like China. Industry experts have expressed mixed reactions, noting the voluntary nature of the order and its potential gaps in addressing AI model behavior post-deployment. The executive order is seen as a step towards securing U.S. critical infrastructure by leveraging AI innovation.
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Kosovo voters return to the polls after parties fail to agree on a new president

Kosovo voters return to the polls after parties fail to agree on a new president

Voters in Kosovo head to the polls for an early parliamentary election
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Chinese Manufacturers Expand Influence with Belt and Road Initiative Partners

Chinese Manufacturers Expand Influence with Belt and Road Initiative Partners

Chinese manufacturers are increasingly strengthening their ties with countries involved in the Belt and Road Initiative (BRI), leading to mutual benefits for local businesses, healthcare providers, and consumers. Jiangling Motors Group Co., Ltd. (JMCG), a prominent automaker from Jiangxi Province, has been expanding its presence in the Middle East, particularly in Saudi Arabia, through partnerships with local companies like Aljabr Holding Company. JMCG's export sales surged by 38.4% in 2025, with significant contributions from the Middle East market. Additionally, Jiangxi Sanxin Medtec Co., Ltd. is capitalizing on China's manufacturing advancements to expand its medical device exports to BRI countries, focusing on blood purification and other healthcare products. The export value of Chinese medical devices reached $50.47 billion in 2025, highlighting the growing diversification of market structures facilitated by the BRI.
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President Trump Considers Government Stake in AI Companies Amid Rising Tech Stocks

President Trump Considers Government Stake in AI Companies Amid Rising Tech Stocks

President Trump has announced that his administration is exploring the possibility of the U.S. government acquiring stakes in AI companies. This move is part of a broader strategy to involve the American public in the burgeoning AI sector. The announcement follows reports of preliminary talks between senior U.S. officials and AI firms about potential government investments. The proposal has gained traction after Senator Bernie Sanders suggested a one-time 50% tax on AI labs' stock to fund a U.S. sovereign wealth fund. Major AI-related stocks, including Nvidia, Marvell, and Micron, saw gains in early trading following the news. Trump plans to meet with executives from companies like Anthropic, OpenAI, and xAI at the White House to discuss the proposal further.