Search teams detected underwater sounds while scanning the North Atlantic for a tourist submersible that vanished with five people aboard during a deep-sea voyage to the century-old wreck of the Titanic, the U.S. Coast Guard said early on Wednesday.
- ChargedAnalysis: Auto firms race to secure non-Chinese graphite for EVs as shortages loom
Automakers, including Tesla and Mercedes, are rushing to lock in graphite supply from outside dominant producer China, as demand for electric vehicle (EV) batteries outpaces other uses for the mineral for the first time due to soaring EV sales.
- Macro Matters
UK's stubborn inflation fails to fall, turning up heat on BoE
British inflation defied expectations of a slowdown to hold at 8.7% in May, putting yet more pressure on the Bank of England a day before it is predicted to raise interest rates for the 13th time in a row to tame stubborn price growth.
- WorldChina lashes back as Biden labels Xi a 'dictator'
China hit back on Wednesday after U.S. President Joe Biden referred to President Xi Jinping as a "dictator", saying the remarks were absurd and a provocation, in an unexpected spat immediately following efforts by both sides to lower tensions.
