China & U.S.
- China Commerce Ministry: U.S., China to seek extension of Kuala Lumpur trade
arrangement
- China Commerce Ministry: both sides agreed in principle to discuss framework
arrangement for reciprocal tariff reductions on products of equal size under the
trade council
- Xi, to the press: relations between both countries have continued to improve,
achieving the highest level of comprehensive strategic partnership
- Trump says U.S. in “final stages” of talks with Iran: pool report
- U.S. CFTC scrutinizing surge in oil futures trading that occurred moments
before Trump postponed strikes on Tehran in March - WSJ
China
- Two Chinese supertankers carrying 4 million barrels of crude oil exit Strait
of Hormuz on Wednesday, data shows
- China to speed up construction of strategic mineral reserve sites - Xinhua
- China April survey-based jobless rate for 25-29 years old at 7.4% - Stats
Bureau
- Japan to deploy surveillance drones to monitor Chinese naval activity in
Pacific
Tech & AI
- Alibaba Cloud unveils Zhenwu M890, its latest-generation AI training and
inference chip
- Alibaba Group integrates Qwen AI with Taobao for full conversational shopping
experience
- China adds Nvidia China-specific gaming chip to banned list during Jensen
Huang visit
- OpenAI plans to file confidentially for U.S. IPO in coming weeks, source says
- Nvidia 1Q rev. $81.62B, est. $79.19B
- Nvidia Corp: to date, have not generated any revenue under H200 licensing
program & do not yet know whether any imports will be allowed into China
- SpaceX files publicly for Nasdaq IPO under ticker SPCX
Geopolitics & Middle East
- Pakistan’s interior minister is in Tehran for fresh talks, according to Al
Arabiya sources, as negotiations between the U.S. and Iran grow more difficult
over Tehran’s nuclear program and security in the Strait of Hormuz
- Pakistani army leader may visit Iran tomorrow to announce the final version of
the agreement text - Al Hadath, citing sources
- Trump, Benjamin Netanyahu held tense call over Iran policy - N12
- Vladimir Putin: we are ready for cooperation with our partners, including
United States, that’s what we discussed with China’s Xi today
- Russia considers possibility of joint projects with U.S. and China, Russian TV
cites head of Russian Direct Investment Fund
Markets & Central Banks
- Fed minutes: majority of participants said some policy firming would likely
become appropriate if inflation were to continue running persistently above 2%
- Samsung Electronics South Korea union says to go on strike on Thursday -
Yonhap
