Export

• China is currently reviewing new restrictions on overseas access to its artificial intelligence models while accelerating the development of domestic inference semiconductors. • This shift threatens the current strategy of international firms, particularly Korean companies, who have relied on utilizing inexpensive Chinese AI services. • The move signals a strategic pivot toward technological sovereignty and tighter control over AI exports to protect national interests.

• China is considering new AI export controls following the global success of models like DeepSeek's R1, which offer high capabilities at lower costs than Western alternatives. • This move follows June regulations tightening oversight on overseas agreements involving Chinese investors, data, technology, and national security. • Authorities have already begun investigating several AI startups, including Manus, to identify potential violations of existing export control laws.

The AI company was forced earlier this month to suspend access to its Fable 5 and Mythos 5 models for all foreign nationalsAnthropic has restored customer access to its powerful newest AI model, Fable, after a more than two-week blackout resulting from US government safety concerns that it could be abused to enable serious cyber-attacks.The San Francisco company said export controls have been lifted, citing a social media post from the US commerce secretary, Howard Lutnick, in which he said: “Over the past two weeks, we have worked closely with Anthropic to analyze and approve Fable 5 to ensure alignment across the US Government and strengthen America’s leadership in AI.” Continue reading...

• Premier Li Qiang chaired a State Council meeting focused on accelerating breakthroughs in AI, including the development of ultra-large computing clusters and the acquisition of high-quality data and talent. • The initiative highlights Beijing's strategy to drive growth through technology and exports to offset a significant slump in domestic consumer spending. • These high-level discussions serve as a precursor to a high-stakes economic growth assessment scheduled for the Politburo next month.

• The Korea Creative Content Agency (KOCCA) and the Ministry of Culture, Sports and Tourism announced on June 29, 2026, that the "KOCCA on Screen" showcase secured $33.82 million in export consultations. • Operating from April to June across Europe, the Americas, and Greater China, the program facilitated 293 business matching sessions for 20 state-funded Korean production companies. • These efforts resulted in 35 active contracts valued at $2.78 million, significantly expanding the global distribution and commercial reach of K-content.

• Uzbekistan is launching a $5 billion AI export plan to transition its economy from basic outsourcing to high-value digital services. • The strategy leverages the nation's young workforce, abundant energy resources, and expanding digital infrastructure to attract foreign investment. • This shift is significant as it aims to modernize the regional economy and position Uzbekistan as a competitive hub for AI development in Central Asia.

• Chevron CFO Eimear Bonner addressed U.S. gasoline price concerns during a discussion on June 27, 2026. • Bonner noted that while the stabilization of oil exports from the Middle East could eventually lead to lower gasoline prices, there is no immediate correlation with crude oil prices. • The statement highlights the complex relationship between global crude supply and the retail cost of fuel for consumers.

• Singapore's non-oil domestic exports (NODX) rose in May, driven primarily by strong global demand for artificial intelligence (AI) technologies. • Key growth drivers included a 66.9% increase in specialized machinery (SG$900 million) and an 83.2% jump in non-monetary gold exports (SG$400 million). • Exports to Taiwan surged by 135.2%, fueled by massive increases in integrated circuits (137.8%) and disk media products (140.9%).

Climate minister Chris Bowen says country must prepare for changing world and can play bigger role in reducing emissionsAustralia will find exporting fossil fuels increasingly difficult but can switch to exporting clean energy products, the president of the next UN climate negotiations has declared.Speaking at a climate conference in Bonn, Germany, Chris Bowen, Australia’s minister for climate change and energy, argued his country had led the global push to “transition away from fossil fuels” – based on the rapid growth of renewable energy and batteries in its domestic power grids – and that its economy could manage the switch. Continue reading...

• China's export sector is experiencing a surge in growth, driven largely by the global demand for AI-related technologies and hardware. • This economic momentum occurs despite ongoing geopolitical friction and a lack of meaningful breakthroughs regarding tariff disputes. • A recent meeting between U.S. President Donald Trump and President Xi Jinping helped stabilize tensions but failed to resolve core conflicts over Iran or trade.

Agreement affecting meat, plants and packaging promises to end paperwork ‘hell’ and border delays from 2027Business live – latest updatesBrexit red tape affecting UK food exports to the EU, including fresh sausages and burgers, will be scrapped from mid-2027 in the first confirmed result of Keir Starmer’s “reset” negotiations with Brussels, the government has announced.When the rules come into force, exporters of meat – whether fresh, frozen or processed – will no longer require costly veterinary certificates to prove they meet EU standards. Nor will they need similar documentation for plants or wood packaging material. Businesses selling into Northern Ireland will no longer require health labels. Continue reading...

• Indonesia is launching a new digital data platform designed to help regional governments map export potential and expand their access to global markets. • To counter global geopolitical uncertainty, the government is aggressively pursuing trade agreements, including the ratification of Comprehensive Economic Partnership Agreements (CEPA). • These strategic partnerships specifically target expanding trade relations with Canada, Peru, and several African nations.

One Nation proposal would abolish offshore gas profits tax and acquire 30% equity in new projects in a move the Coalition says is ‘borrowed from Venezuela’Get our breaking news email, free app or daily news podcastOne Nation has vowed to replace the contentious offshore gas profits tax and acquire 30% equity stakes in new ventures under an interventionist policy designed to extract “vastly greater returns” for Australian taxpayers from the resource.The proposal for the commonwealth to co-own gas projects drew a mix of criticism and cynicism from the government, industry and the Coalition, which accused One Nation of importing ideas from Venezuela. Continue reading...

Export’s performances scandalised Austria in the 1960s, but are now recognised for exposing the objectification of the female bodyValie Export, the Austrian performance artist and film-maker who inverted the male gaze in ways that were provocative, shocking and often outrageously fun, has died aged 85.The artist’s own foundation announced on Thursday evening that Export died in Vienna earlier the same day, three days before her 86th birthday. Continue reading...

• Nvidia released stellar quarterly earnings on May 9, 2026, but results were clouded by ongoing US export controls restricting advanced chip sales to China. • The company agreed to a 15% revenue-sharing deal with the US government on China sales to overturn the controls, allowing resumed exports of certain AI chips. • This arrangement highlights escalating US-China tech tensions, impacting Nvidia's growth in its largest overseas market amid broader semiconductor restrictions.

The PM is clearly not prepared to risk backlash from Asian energy trading partners during a fuel crisis – but his government will face domestic challenges if it doesn’t move eventuallyGet our breaking news email, free app or daily news podcastTwo separate events on Monday – one in rain-soaked Canberra, the other in sunny Gladstone – neatly explain why the federal government won’t pursue a new gas export tax in next week’s budget and why it might have no choice but to do so in the future.In the nation’s capital, Anthony Albanese hosted his Japanese counterpart, Sanae Takaichi, for annual leaders’ talks that coincided with the 50th anniversary of the signing of a landmark treaty between the two nations. Continue reading...

UK was close behind, exporting 675,000 tonnes, with much of the waste sent to Turkey, Malaysia and Indonesia Germany was the world’s largest exporter of plastic waste in 2025 and sent more than 810,000 tonnes abroad, according to analysis of trade data carried out for the Guardian.The UK followed close behind, according to the analysis by Watershed Investigations and the Basel Action Network. It exported more 675,000 tonnes, its highest level in eight years and enough to fill about 127,000 shipping containers. Continue reading...

The fuel crisis is seeing more voters keen to shift to renewable energy rather than stick with fossil fuelsGet our breaking news email, free app or daily news podcastA majority of Australians support taxing profits from gas exports and extending the cut to the fuel excise, according to the latest Guardian Essential poll, despite Anthony Albanese on Wednesday ruling out a new tax on existing gas export contracts.The poll also found the fuel crisis is seeing more voters keen to shift to renewable energy rather than stick with fossil fuels. Australians also say they’re already cutting back on travel, switching to public transport and reducing their use of aircon and heating amid the global fuel uncertainty. Continue reading...

Prime minister says the middle of a global fuel crisis is ‘the worst possible time to jeopardise’ Australia’s partnerships with Asian trading partnersThe prime minister, Anthony Albanese, has confirmed next month’s federal budget will not include a new tax on existing gas export contracts as he criticised the “populist” campaign calling for a levy on producers.As reported last week, Albanese was poised to reject pressure to introduce a 25% tax on gas exports amid concerns the intervention could alienate the same Asian trading partners Australia is relying on for supplies of diesel and petrol. Continue reading...

Big win for Donald Trump, who has accused organisation of ‘ripping off the rest of the world’ by inflating oil prices Business live – latest updatesThe United Arab Emirates has quit the Opec oil cartel in a heavy blow to the group and its de facto leader, Saudi Arabia, amid the global energy shock caused by the Iran war.The stunning loss of the UAE, a longstanding Opec member, could create disarray and weaken the group, which has usually sought to show a united front despite internal disagreements over a range of issues from geopolitics to production quotas. Continue reading...

David Pocock says prime minister – who is trying to shore up fuel supplies – is parroting industry talking pointsFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastLabor is poised to reject a growing push for a new 25% tax on gas exports in next month’s budget, prompting David Pocock to accuse the government of “caving in” to the gas industry.It’s understood the government has elected not to pursue a new tax on gas exports in the budget, prompted in part by the global oil crisis and Anthony Albanese’s diplomatic efforts in shoring up fuel supply from Asian allies by pledging reliable access to liquefied natural gas. Continue reading...

News follows Guardian report on licence given to British firm exporting machinery to Armenian firm linked to Russian war effortBritish firms will face “much tougher” controls to prevent their goods from reaching Russia via other countries, undermining sanctions and aiding Vladimir Putin’s assault on Ukraine.Under plans to be unveiled on Wednesday, the government will be able to require UK manufacturers to obtain a licence if they want to export to a country suspected of acting as a staging post for exports ultimately destined for Russia. Continue reading...

Shell Australia says campaign needed to ‘counter-balance’ claims by levy advocates – but Ed Husic urges industry ‘do not spend millions defending the indefensible’The gas giants are mounting a multi-million dollar advertising campaign to fight against a new export tax, prompting Labor MP Ed Husic to accuse the industry of “defending the indefensible”.Shell Australia is among half-a-dozen oil and gas companies contributing around $1m to an Australian Energy Producers (AEP) campaign that attempts to justify the amount of tax the industry pays, a parliamentary inquiry heard on Wednesday. Continue reading...

ACT independent David Pocock is calling for a 25% tax on gas exports to fund welfare and housing. Follow today’s news liveGet our breaking news email, free app or daily news podcastLabor should use the proceeds of limiting tax concessions for property investors and a crackdown on gas export profits to fund welfare increases and build housing, charities and social service groups say.Ahead of next month’s federal budget, the Albanese government is under pressure to wind back negative gearing rules and the 50% capital gains tax discount for property investments, and to tax more of the profits from soaring commodity exports, pushed up by the global energy shock.People on the lowest incomes are skipping meals, delaying medical care and rationing energy just to get by.Frontline services are operating at capacity, facing growing demand and increasingly complex needs. Current policy settings are not meeting the needs of our communities – it’s clear that significant and sustained public investment is essential. Continue reading...

Congressman says keeping gas supplies at home could lower costs for Americans amid price hikes sparked by warAmid historic jumps in gas prices triggered by the US-Israeli war on Iran, California congressman Ro Khanna is to introduce legislation on Tuesday that would ban the export of gasoline during price spikes.“The country is crying out for a new energy policy,” said Khanna in an interview with the Guardian, “that doesn’t have us subject to the whims of the profits of big oil companies.” Continue reading...

Decision to reduce duty-free quotas by 47% aimed at curbing Chinese importsThe EU is to go ahead with plans to double tariffs and halve quotas on imports of steel from July, in a move designed to curb Chinese imports but which could damage UK exports to the bloc.The decision by EU lawmakers and member states after late night talks on Monday, will reduce duty-free quotas by 47%. Exact country allocations have yet to be determined. Continue reading...

Three human rights groups are seeking to subpoena permit documents from Richard MarlesGet our breaking news email, free app or daily news podcastA trio of Palestinian human rights groups have launched a legal bid to force Australia’s defence minister, Richard Marles, to shed light on whether the government has approved Israel-bound export permits, which could violate international law.The groups – the Palestinian Centre for Human Rights, Al-Haq and Al Mezan Center for Human Rights – will attempt to subpoena arms export documents after filing an affidavit in the federal court last week. Continue reading...

• US National Security Advisor Jake Sullivan met with Chinese Foreign Minister Wang Yi in Beijing on April 4, 2026, announcing plans for bilateral talks on trade imbalances and semiconductor export restrictions amid rising tensions. • The agreement includes a framework for reducing tariffs on $50 billion in goods and joint cybersecurity standards, with Sullivan stating, 'This is a step toward stabilizing our economic relationship without compromising security.' • The deal matters as it averts potential escalation in US-China tech rivalry, potentially boosting global markets and easing supply chain disruptions affecting US consumers.