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Gold is trading near a record of $US2343 per troy ounce, valuing Beijing’s stockpile at $US170.4 billion.

China’s gold buying spree raises fears for Taiwan

China has now been buying gold steadily since October 2022, marking its longest build-up of the precious metal since at least 2000.

  • Melissa Lawford
Student tents at the pro-Palestinian encampment at Columbia University in New York on Monday.

Columbia suspends pro-Palestinian protesters after talks stall

The university said days of negotiations between student organisers and academic leaders had failed to persuade demonstrators to remove the protest camp.

  • Julia Harte and Jonathan Allen

China’s factory activity slows, denting recovery

China’s factory activity expanded for a second consecutive month in April, but at a slower pace, suggesting its vast manufacturing sector might have lost steam.

  • Ellen Zhang and Ryan Woo

‘Maybe this time it will work’: Israel softens stance on Gaza deal

Benjamin Netanyahu’s government has accepted the latest proposal from mediators that increases the chance of a deal with Hamas.

  • Updated
  • Steve Hendrik, Claire Parker and Loveday Morris

Private equity vs billionaires: Fight for Ten owner claims first scalp

Bob Bakish has stepped down as CEO of Paramount Global, the owner of Network Ten. With an ownership battle raging abroad, its Australian managers must watch on.

  • Sam Buckingham-Jones

BHP’s rivals for Anglo American set to emerge

The UK-listed miner has rejected an approach from BHP, but other major miners including Rio Tinto could announce a competing bid.

  • Updated
  • Tom Wilson

Opinion & Analysis

Israel has a fateful choice to make: Rafah or Riyadh?

If Israel ends up with an indefinite occupation of both Gaza and the West Bank, it would be a toxic military, economic and moral overstretch that would delight Iran.

Thomas L. Friedman

Contributor

Why Donald Trump is a style icon

With his dowdy, oversized navy suits and MAGA red caps, the former president’s personal brand is a crucial part of his accessible appeal.

Jemima Kelly

Contributor

Battered from all sides, China needs new solutions

Mindful of the inspiration deficit that ultimately brought the East Asian growth miracle crashing down, Chinese policymakers must seize the moment.

Stephen Roach

Asia watcher

Stephen Roach

With Trump in court, can Biden take control of the election?

As polls show the race tied, the president is campaigning around the country and his opponent is stuck spending his days in a Manhattan courtroom.

James Politi, Lauren Fedor and Joe Miller

Contributor

From the Financial Times

Anglo American’s copper mine in central Chile.

BHP’s rivals for Anglo American set to emerge

The UK-listed miner has rejected an approach from BHP, but other major miners including Rio Tinto could announce a competing bid.

  • Updated
  • Tom Wilson

Why Donald Trump is a style icon

With his dowdy, oversized navy suits and MAGA red caps, the former president’s personal brand is a crucial part of his accessible appeal.

  • Jemima Kelly

Private equity groups halt south-east Asia deals amid Gaza boycotts

Consumers in Muslim-majority Indonesia and Malaysia have shunned US brands since the start of Israel’s assault on Gaza in October.

  • Mercedes Ruehl and A. Anantha Lakshmi
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More From Today

Israel has a fateful choice to make: Rafah or Riyadh?

If Israel ends up with an indefinite occupation of both Gaza and the West Bank, it would be a toxic military, economic and moral overstretch that would delight Iran.

  • Thomas L. Friedman
Threats against members of Congress are pervasive, and there has been a shocking surge since Trump took office.

Why Donald Trump is a style icon

With his dowdy, oversized navy suits and MAGA red caps, the former president’s personal brand is a crucial part of his accessible appeal.

  • Jemima Kelly

Yesterday

Humza Yousaf and his wife, Nadia El-Nakla, depart Bute House in Edinburgh following his resignation as Scottish first minister on Monday night (AEST).

Scotland leader quits after coalition power play backfires

Scottish First Minister Humza Yousaf had pulled out of coalition with the Greens - a move that has triggered political chaos.

  • Alastair Reed
Solomon Islands Prime Minister Manasseh Sogavare said he had been “vilified by media” and his family had been subjected to “unprecedented abuse”.

Solomon Islands PM steps down after elections

Prime Minister Manasseh Sogavare formed close ties with China during his terms in power and said he had been vilified for it.

  • Rod McGuirk
Indonesians rally in support of Gazans in Jakarta earlier this month.

Private equity groups halt south-east Asia deals amid Gaza boycotts

Consumers in Muslim-majority Indonesia and Malaysia have shunned US brands since the start of Israel’s assault on Gaza in October.

  • Mercedes Ruehl and A. Anantha Lakshmi
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This image from video provided by the Indian Space Research Organisation shows the surface of the moon as the Chandrayaan-3 spacecraft prepared for landing in August last year.  India became the first country to land a spacecraft near the moon’s south pole.

China set to launch high-stakes mission to moon’s ‘hidden’ side

China has made leaps forward in its lunar exploration, narrowing the technological chasm with the United States and Russia.

  • Albee Zhang and Ryan Woo
A dancer enlivens the mood at the Auto China motor show in Beijing. EU carmakers can’t compete with EV exports from China.

EU would need 50pc tariffs to curb imports of Chinese EV

Researchers at the Rhodium Group say any punitive action arising from a blockbuster anti-subsidy investigation is likely to be too timid to deter Chinese car makers.

  • Updated
  • Andy Bounds

Battered from all sides, China needs new solutions

Mindful of the inspiration deficit that ultimately brought the East Asian growth miracle crashing down, Chinese policymakers must seize the moment.

  • Updated
  • Stephen Roach
Argentine President Javier Milei.

Javier Milei fuels wild rally that makes peso No. 1 in world

The currency has, in fact, not only stopped plunging day after day but in one key foreign exchange market, it’s actually rallying sharply.

  • Ignacio Olivera Doll
Visiting Tesla founder and CEO Elon Musk, left, meets with Chinese Premier Li Qiang in Beijing on Sunday.

Tesla clears key regulatory hurdles for self-driving in China

CEO Elon Musk’s surprise visit to the US vehicle maker’s second-largest market appears to have paid off.

  • Daniel Leussink and Liam Mo
Donald Trump and Joe Biden are set to face off again in this year’s presidential election.

With Trump in court, can Biden take control of the election?

As polls show the race tied, the president is campaigning around the country and his opponent is stuck spending his days in a Manhattan courtroom.

  • James Politi, Lauren Fedor and Joe Miller
Antony Blinken is travelling to Saudi Arabia to meet regional counterparts and then on to Israel.

US pushes for Gaza truce and hostage release as Blinken visits

Egypt is stepping up efforts at mediation to secure an agreement between Israel and Hamas leading to a ceasefire in exchange for the release of hostages.

  • Updated
  • Henry Meyer and Fadwa Hodali

This Month

Workers on the production line for forklifts and construction machinery in China’s Hefei.

China factory profits slip as overcapacity troubles economic recovery

Industrial profits at large-scale Chinese companies declined 3.5 per cent from a year earlier in March, ending seven straight months of increases.

  • Siuming Ho
Police arrest protesters on Washington University’s campus in St. Louis.

US universities cite antisemitism in protest crackdown

Some universities moved to shut down encampments to protest against the Israel-Hamas war after reports of antisemitic activity.

  • Rachel Siegel and Christian Davenport
Admiral John Aquilino is preparing to hand over US forces in the Indo-Pacific region.

US commander says China pursuing ‘boiling frog’ strategy

Retiring Admiral John Aquilino has accused Beijing of gradually raising pressure in the South China Sea.

  • Demetri Sevastopulo
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ECB president Christine Lagarde says price surges in Europe and the US are different, but investors are wary.

Investors bet global central banks forced to delay rate cuts

Market expectations for loosening interest rates in Europe and the UK have been pushed back, as the US grapples with a hot economy.

  • Updated
  • Sam Fleming, Tommy Stubbington and Martin Arnold
South Korea’s President Yoon Suk-yeol suffered a blow at recent elections.

South Korea’s president faces revolt over US security ties

After his party’s loss in parliamentary elections, Yoon Suk-yeol is under pressure over his pivot to a stronger US alliance and perceived anti-China policies.

  • Daniel Sneider

Russian missiles pound Ukraine’s battered power plants

Russian missiles again targeted the nation’s strained energy grid in a broad and complex attack, as Defence Minister Richard Marles pledged $100 million in aid.

  • Updated
  • Olena Harmash and Tom Balmforth
Christopher Cash arrives at Westminster Magistrates Court ahead of a hearing over allegations of spying for China.

Why China’s spies are being caught all over Europe

A flurry of arrests this week reflect the continent’s newly toughened response to Beijing’s espionage activities and political meddling.

  • Andrew Higgins and Christopher F. Schuetze
Focus on Wall Street has shifted back to corporate earnings.

‘Built and destroyed’: Wall Street reels from ban on non-compete pacts

Financial companies are scrambling to rework contracts and tie down personnel after the US Federal Trade Commission’s decision last week.

  • Amelia Pollard, Brooke Masters and Joshua Franklin