Moonshot AI targets US$30 billion valuation as China's AI race intensifies

China's T1000-grade carbon fiber enters mass production in Beijing, boosting aerospace and low-altitude economy applications

Xinhua reports that China's domestically developed T1000-grade 12K small-tow carbon fiber has moved from laboratory research to large-scale production by Sinopec Shanghai Petrochemical, marking a breakthrough in advanced materials.

78 killed, 30 missing after 7.8-magnitude quake hits southern Philippines; NDRRMC says 1.5 million affected, 74,700 houses damaged

At least 78 people were killed and 30 remain missing after a 7.8-magnitude earthquake struck off Sarangani province in the southern Philippines on June 8, according to the NDRRMC. The council reported over 1.5 million people affected, nearly 22,000 in evacuation centers, and infrastructure losses of 1.29 billion pesos.

Philippine Senate impeachment court opens pre-trial conference for VP Sara Duterte. Formal hearings set for July; conviction needs 2/3 Senate vote.

The Philippine Senate impeachment court began the pre-trial conference for the case of Vice President Sara Duterte on Thursday, the initial procedural stage before formal hearings begin in July.

Citi drops call for two interest-rate hikes by India's central bank through March, citing an interim US-Iran peace deal that reduces oil-driven inflation risk

Economists at Citi dropped their call for two interest-rate hikes by India's central bank through March next year, saying an interim US-Iran peace deal has reduced the risk of higher oil prices fueling inflation.