China revises carbon metrics, halving emissions growth reported from 2020 to 2025, report says.

PDD Holdings Q1 revenue rose 11% YoY to $15.7B, missing $16.2B estimates; net profit fell 15% to $1.85B amid fierce competition in China.

Temu owner PDD Holdings reported Q1 revenue up 11% YoY to ~$15.7B, missing estimates of ~$16.2B. Net profit fell 15% to ~$1.85B, also below expectations, amid fierce competition in China.

CXMT gets approval for $5B+ IPO, largest in mainland China since 2022, per Bloomberg.

Chinese memory chip maker CXMT received approval for an initial public offering that could raise over $5 billion, making it the largest IPO in mainland China since 2022, according to Bloomberg.

Australian state police are forming a heavily armed rapid response team after gunmen killed 15 people and wounded 3 officers at a Sydney Hanukkah celebration in December, a government inquiry heard.

An Australian state police force has been working to form a heavily armed rapid response team following a deadly shooting at a Sydney Hanukkah celebration in December, a government inquiry was told.

Japan gold exports hit record $25bn in fiscal 2025, likely including metal once smuggled, as higher prices abroad on geopolitical tensions boost outflow.

Japan's gold exports hit a record $25 billion in fiscal 2025, partly attributed to higher global prices due to geopolitical tensions. The figure may include gold previously smuggled abroad.