Bent oil posted its biggest monthly loss in six years as traders hoped that the U.S. and Iran are nearing a deal that will reopen the Strait of Hormuz. The international oil benchmark fell more than 19% in May, its worst month since March 2020 when the Covid-19 pandemic closed economies. U.S. West Texas Intermediate…
Two employees in pharmaceutical industry wearing protective gloves, mask, cap and white suit seen standing by the machine that is the part of the medicaments production during the working hours in a pharmaceutical manufacturing. Extreme-photographer | E+ | Getty Images Shares of Innovent Biologics rose 10% after the company entered into a deal with pharmaceutical giant…
Chinese electric car company Nio announced May 27, 2026, that former NBA player Yao Ming (R) would be a representative for the brand as it launches the ES9 SUV, a car that CEO William Li Bin (L) touted as the largest SUV in China. Lintao Zhang | Getty Images News | Getty Images BEIJING —…
U.S. President Donald Trump speaks during a cabinet meeting in the Cabinet Room at the White House, in Washington, D.C., U.S., May 27, 2026. Evan Vucci | Reuters President Donald Trump on Wednesday poured cold water on the prospect of Iran transferring its store of highly enriched uranium to Russia or China as part of…
Nvidia CEO Jensen Huang announced plans for a new campus in Taiwan during an employee meeting on May 27, 2026. Nvidia Nvidia is expanding heavily in Taiwan with a new campus and a tenfold increase in annual spending, CEO Jensen Huang announced Wednesday, as the chipmaker plans for artificial intelligence-powered growth. Taiwan’s Taiex stock index…
SK Hynix Inc. 12-layer HBM3E memory chips, front, and a LPDDR5X CAMM2 memory module arranged at the company’s office in Seongnam, South Korea, on Tuesday, April 22, 2025. SeongJoon Cho | Bloomberg | Getty Images Hello, this is Leonie Kidd writing to you from London. Welcome to today’s edition of the Daily Open newsletter. The…
Steam cracker units at the BASF Zhanjiang Verbund site in Zhanjiang, Guangdong province, China, on Thursday, March 26, 2026. Bloomberg | Bloomberg | Getty Images BEIJING — More European companies are maintaining or expanding their supply chains in mainland China to remain competitive globally, according to a survey released Wednesday by the European Union Chamber…
Employees work on the production line of automotive display chips at a workshop on May 22, 2026 in Huzhou, Zhejiang Province of China. Vcg | Visual China Group | Getty Images BEIJING — China’s industrial profits surged by 24.7% in April from a year earlier, according to official data released Wednesday, despite broader signs of…
Interior Secretary Doug Burgum opened a new front Tuesday in the Trump administration’s public feud with the Vatican, dismissing Pope Leo XIV’s warning about artificial intelligence as the White House resists new guardrails on the rapidly evolving technology. “I didn’t know that tech editorializing was part of the role of being pope,” Burgum said in…
Hi, this is Evelyn, writing to you from Beijing. Welcome to the latest edition of The China Connection — a succinct snapshot of what I’m seeing and hearing from local businesses. Now that the Trump-Xi summit has helped keep tariffs in check, Chinese companies and U.S. representatives alike are making the most of an extended…
