Trump and Xi face a test over AI control

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. Students and businesses alike are embracing AI in China, while the U.S. worries more about the negative impact. Will that encourage cooperation on AI…

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Brent, WTI rise as Iran tensions escalate

Satellite view of the Salalah oil storage fire in Oman. An Iranian drone strike on March 11 ignited the blaze, sending a plume over the Gulf of Oman’s strategic port amid the wider conflict with Iran. Imaged March 13, 2026. Gallo Images | Orbital Horizon | Copernicus Sentinel Data 2026 | Getty Images Oil prices…

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Toyota fourth-quarter profit misses by wide margin as U.S. tariffs drive 49% slump

Toyota signage at the New York International Auto Show in New York City on April 2, 2026. Danielle DeVries | CNBC Japan’s Toyota Motor on Friday reported a 49% drop in fourth-quarter operating profit, missing analysts’ estimates as U.S. tariffs pressured earnings. Here are Toyota’s results compared with median estimates from LSEG: Revenue: 12.6 trillion yen vs. 12.6 trillion yen…

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