China rejects AI rivalry, calls for cooperation as DeepSeek gains in US market

Beijing says artificial intelligence should not be dominated by geopolitical rivalry, even as competition between Chinese and American firms intensifies

China rejects AI rivalry, calls for cooperation as DeepSeek gains in US market

Beijing says artificial intelligence should not be dominated by geopolitical rivalry, even as competition between Chinese and American firms intensifies

Russia expects to derive $13.6B from Strait of Hormuz oil spike

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Turkish president says financial crises cannot be prevented without shifting to new economic paradigms

Participation finance is fairer, safer model not only for Muslims, but for whole world, says Recep Tayyip Erdogan05 June 2026

US economy adds 172,000 jobs in May, sharply beating expectations

Unemployment rate remains unchanged at 4.3%, while payroll gains come above market forecast of 85,00005 June 2026

Nvidia's Huang says AI infrastructure demand continues to accelerate

CEO visits South Korea, highlighting country’s role in AI supply chain, opportunities in robotics05 June 2026

Eurozone economy unexpectedly contracts 0.2% in first quarter

- EU economy shrinks 0.1% quarter-on-quarter, while employment remains stable05 June 2026

Global meat supply quadrupled since 1961: Report

FAO says global supply of terrestrial animal source food has risen rapidly since 196105 June 2026

Global food prices edge down 0.2% in May, cereal prices rise

FAO says food prices eased as lower vegetable oil prices offset gains in cereals, sugar05 June 2026

Japanese, South Korean tech rally overshadows geopolitical risks in global markets

Kospi Index surges 28.5%, Nikkei 225 gains 11.4% despite Middle East risks05 June 2026

Container freight spot rates surge 80% since Middle East war broke out

40-foot container price reaches $3,443 as of June 4, as 100th day of conflict nears, reaching last year’s highest level, according to Drewry’s World Container Index05 June 2026

Taiwan inflation rises above central bank alert level in May

Consumer prices increase 2.2% annually, while producer prices jump 14.11%, fastest pace in 4 years05 June 2026

Türkiye’s annual inflation at 32.61% in May

Consumer prices rise 1.71% month-on-month, official data shows05 June 2026

China rejects AI rivalry, calls for cooperation as DeepSeek gains in US market

Beijing says artificial intelligence should not be dominated by geopolitical rivalry, even as competition between Chinese and American firms intensifies

China rejects AI rivalry, calls for cooperation as DeepSeek gains in US market

Beijing says artificial intelligence should not be dominated by geopolitical rivalry, even as competition between Chinese and American firms intensifies

Economy

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Economy

Precious metals hit by selling pressure during 100 days of Middle East war

Istanbul becomes global meeting point of Islamic economy

Iran conflict takes heavy toll on global economy, trade in past 100 days

Global Islamic Economy Summit gala brings international leaders together at Dolmabahce Palace

US stocks close in red as strong jobs data raises possibility of rate hike

Russia's federal budget deficit doubles to $81.4B

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