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China
The European Court of Auditors (ECA) report warns the EU risks failing to diversify its supply of critical raw materials crucial for energy transition by 2030, with ECA’s Keit Pentus-Rosimannus citing dangerous dependence on China for key minerals.
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Approximately 60,000 people are currently living in tent encampments in central Myanmar following a devastating 7.7 magnitude earthquake, with significant damage to infrastructure and homes.
US stock markets experienced substantial losses, particularly in AI chipmakers like Nvidia and AMD, which plummeted after new export restrictions to China were announced.
China’s economy recorded a 5.4% annual growth in the first quarter of 2025, bolstered by strong exports as companies aimed to circumvent imminent U.S. tariff increases.
Business Secretary Jonathan Reynolds has unexpectedly reversed his stance on Chinese involvement in the UK steel sector, indicating a shift in government policy.
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