Today
China summons Nvidia to address ‘serious security issues’ with chips
The country’s cyber regulator said US AI experts had “revealed that Nvidia’s computing chips have location tracking and can remotely shut down the technology”.
World scrambles to secure deals before Trump’s tariff deadline
Canada and Mexico are leading the diplomatic offensive in Washington as August 1 looms.
Betting on copper? Here’s what Trump’s tariff will do to prices
US copper collapsed overnight after Donald Trump excluded the most widely imported form of the metal from his 50 per cent tariff. But where to from here?
Government is switched off to gas supply problem
Readers’ letters on Australia’s gas woes, the bloated public service, the government’s risky tech bet and the productivity paradox.
China factory activity unexpectedly worsens amid trade wobbles
A loss of momentum to start the third quarter suggests the world’s second-biggest economy is at risk of a more pronounced slowdown in the months ahead.
Trump launches tariff blitz as deadline looms for trading nations
The president announced new levies on India and Brazil and on low-value imports from all trading partners ahead of the August 1 deadline.
Yesterday
US, China agree to continue talks on a tariff truce extension
The third round of negotiations between the two largest economies in less than three months wrapped up two weeks before an August 12 deadline.
This Month
Beijing’s extreme rain ‘trap’ kills at least 30, displaces thousands
China’s usually arid north has seen record rains in recent years, with some scientists linking it to global warming.
Trump’s blitz pushes US levies to highest levels since 1930s
The wall of levies announced by the president since he took office again in January has taken the country’s effective tariff level to an estimated 17.3 per cent.
The world has too much steel, but no one wants to stop making it
A global price plunge, led by increased production from China and the US tariffs threatens steel manufacturing, which has long been a symbol of national might.
China’s bull market is forcing investors to finally take notice
The MSCI China has already rocketed 25 per cent this year and analysts are tipping further gains as the US and China close in on a much longed for trade deal.
China probes celebrity monk for embezzlement, sex misconduct
Shi Yongxin, the abbot of the Shaolin Temple until he lost his ordination, is under investigation for allegedly misappropriating temple assets.
Thai, Cambodian leaders hold peace talks as Trump weighs in
The first talks since clashes began on July 24 come within 48 hours of the US president saying Thai and Cambodian leaders had agreed to “quickly work out a ceasefire”.
US, China negotiators meet in Stockholm to extend trade truce
Any breakthrough could help set the stage for Donald Trump to meet with Xi Jinping.
China provides reality check for Forrest’s green iron dream
A domestic green iron industry might mean Australia has to pour in more public funds than the Chinese government, an impossible feat.
What OpenAI’s Sam Altman suggests you do to keep your job
The race is on to build machines that can outthink humans. The tech founder in charge of ChatGPT says there is one thing that would make him stop.
The US trade war hypocrisy Morrison was too polite to mention
If the former PM detected any contradiction in US politicians asking for help in Congress on standing up to economic coercion, he did not acknowledge it.
How Prada sandals outraged India’s online army
The Italian fashion house drew a backlash with a menswear collection that included open-toed leather footwear modelled on a classic subcontinental design.
Macquarie CFO exits; Fortescue hits record; Magnificent seven era ends
Read everything that’s happened in the news so far today.
Trump removes ‘stupid’ restrictions to supercharge AI
The president says he will roll back oversight and safeguards on developing artificial intelligence so the US can win the tech race against China.