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Central banks more than doubled their net gold purchases in May, led by Poland and China, as official institutions continued to increase their exposure to the precious metal.
Alibaba has banned employees from using Anthropic’s Claude Code, directing developers to use its in-house AI coding platform after concerns over user identification features.
The Shanghai Stock Exchange approved Unitree Robotics’ IPO application, clearing a major hurdle for one of China’s most prominent humanoid robot companies as investor interest in robotics continues surging.
The United States approved sales of Nvidia H200 AI chips to several major Chinese technology companies, though broader geopolitical tensions continue limiting shipments.
Nvidia’s market capitalization climbed to roughly $5.5 trillion, exceeding the GDP of every country except the United States and China as shares hit fresh record highs.
Donald Trump arrived in Beijing for a two-day summit with Xi Jinping focused on tariffs, semiconductors, AI restrictions, and broader U.S.-China economic relations.
China has blocked Meta’s $2 billion acquisition of AI startup Manus, citing regulatory concerns over the cross-border deal.
Shares of Nvidia supplier Victory Giant surged 60% in its Hong Kong debut, marking the city’s largest IPO launch of the year so far.
Deutsche Bank flagged the potential rise of a “petroyuan” amid the Iran war, as analysts debate whether de-dollarization could accelerate despite continued dollar dominance.
Alibaba confirmed it is behind a viral AI video model topping global leaderboards. The reveal highlights its growing role in the AI race.
Global copper inventories have climbed to a 23-year high, surpassing 1.02 million tonnes. The rapid buildup signals shifting dynamics in the commodities market.
China authorizes the import of hundreds of thousands of Nvidia H200 AI chips for major domestic buyers.
Anta agrees to buy a 29.06% stake in Puma for €1.5 billion, sending the German brand’s shares up 21%.
Silver prices have surged to a record $108 per ounce, with Shanghai prices reaching $124, sharply outperforming bitcoin and producing one of the largest regional price gaps on record.
Japan has become the first country to begin extracting rare earth elements from the ocean floor, marking a major step to secure critical mineral supplies and reduce reliance on China.