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The Surge in Chinese EV Exports China's electric vehicle exports surged 40 percent last month, bolstering its position at the top of the rapidly growing global market, customs data compiled by Bloomberg shows. Chinese EV exports hit 278,081 in April, taking overseas sales since the start of the year to 893,852, according to the data. Global Demand for Chinese EVs Asia imported the most EVs of any region, at 110,613 vehicles, followed by Europe and Latin America with 83,813 and 52,897, respectively. Oceania imported 22,695 Chinese EVs, while North America imported 4,422, according to the data. Brazil experienced the biggest rise in demand among the top 10 export destinations, with imports surging 221 percent to 38,144. South Korea, Germany and Australia also saw sharp increases in demand, with imports rising between 100 percent and 190 percent. The Impact of Trade Restrictions China's growing exports come despite efforts by the United States and Europe to restrict the country's vehicles from their domestic markets. The US applies a 100 percent tariff on Chinese EVs and bans certain Chinese-made software used in connected vehicles. The European Union imposes tariffs as high as 35.3 percent on Chinese EVs. The Future of EV Sales China is by far the largest manufacturer of EVs globally, accounting for about 75 percent of the 22 million vehicles produced in 2025, according to the International Energy Agency. Chinese EV exports hit a record high of 2.5 million in 2025, double the figure of the previous year. Outside of Europe and the US, Chinese models accounted for 55 percent of all EV sales last year, according to the IEA. The IEA estimates that global EV sales will hit 23 million in 2026 to account for nearly 30 percent of all auto sales. Global EV sales surpassed 20 million in 2025, accounting for about a quarter of total auto sales.

The AI Startup Valuation ShiftAnthropic has usurped OpenAI as the world's most valuable artificial intelligence startup, soaring to a $965bn valuation ahead of expected public listings by the rival firms. Anthropic, the maker of the Claude family of chatbots, said on Thursday that it had raised $65bn from private investors after a fundraising round led by Altimeter Capital, Greenoaks, Dragoneer and Sequoia Capital.Funding and Leadership PositionThe announcement catapults Anthropic, led by CEO and cofounder Dario Amodei, ahead of ChatGPT maker OpenAI in value, which attracted an $852bn valuation in its last fundraising round in March. "This funding will help us serve the historic demand we are experiencing, stay at the research frontier, and bring Claude to more of the places where work happens," Anthropic's Chief Financial Officer Krishna Rao said in a statement.Market Recognition and AdoptionAltimeter Capital CEO Brad Gerstner hailed the adoption of Claude among the "world's most demanding organisations" as evidence of Anthropic's command in the field. "This momentum positions Anthropic to lead the next phase of AI innovation and capture the enormous opportunity ahead," Gerstner said.Rapid Growth and Market PositionFounded in 2021 by former OpenAI researchers, Anthropic has rapidly emerged as one of the leading players in Silicon Valley's scramble to dominate AI. Anthropic's Claude, first launched in 2023, is among the most popular AI models worldwide. In March, the San Francisco-based company said that the chatbot was receiving more than 1 million new sign-ups each day.Challenges and Recent DevelopmentsWhile achieving stellar success in rapid time, Anthropic has also faced challenges – in particular, a high-profile dispute with US President Donald Trump's administration, which has labelled the firm a "supply chain risk" over its refusal to allow unrestricted access to its tools for military purposes. Anthropic unveiled its latest iteration of Claude, Opus 4.8, in a separate announcement on Thursday, calling it a "modest but tangible improvement" on its predecessor.Future Outlook and Market DynamicsAnthropic, OpenAI and Elon Musk's rocket company SpaceX are all expected to go public in the near future in what are expected to be among the biggest initial public offerings in history. Jay R Ritter, an emeritus professor at the University of Florida who specialises in IPOs, said Anthropic has generated a lot of market excitement due to its widespread use by companies for software coding. "This is a big market where apparently Anthropic has the best product," Ritter told Al Jazeera.Valuation Trends and Market Analysis"The increase in valuation in a short period of time is unprecedented for a startup, although publicly traded tech companies such as SK Hynix, Nvidia, and Alphabet have seen even bigger increases, although not as much in percentage terms," Ritter said, referring to the South Korean and US chip giants, and Google's parent company. While it remains to be seen whether the massive investments pouring into AI are creating a bubble, Ritter said, the handful of successful firms that are likely to emerge in the field could see enormous profits.Industry Consolidation and Future Prospects"Nobody wants to use the eighth best product, so these companies are either one of the handful of successful firms, or they will have a zero market share," he said. "The tech industry is different than the restaurant industry, where there are not large economies of scale, and where competition limits the profit margins."

Jonas Vingegaard sealed his Giro d’Italia win on a celebratory finish in Rome, completing the first leg of a rare Grand Tour double and joining an elite group of cyclists who have captured all three major three‑week races.Vingegaard Clinches Giro d’Italia in a Roman FinaleThe Danish rider of Visma‑Lease a Bike entered the final flat stage needing only to stay upright to secure overall victory. He crossed the line after a dominant mountain stage win the previous day, while home favorite Jonathan Milan took the stage win.Numbers Behind the VictoryOverall time gap: 5 minutes 22 seconds ahead of Felix GallStage wins in the Giro: 1 (mountain stage)Tour de France titles prior to Giro: 2Age: 29What This Means for the Cycling WorldThe win makes Vingegaard only the eighth rider to claim the Giro, Tour de France and Vuelta a España in a career, joining legends such as Bernard Hinault, Eddy Merckx and Vincenzo Nibali. With Tadej Pogacar absent from the Giro, the victory intensifies the narrative for a high‑stakes clash at the upcoming Tour de France.Looking Ahead to the Tour de France ShowdownVingegaard will now turn his focus to July’s Tour, where a head‑to‑head with Pogacar is expected to define the season’s biggest rivalry. Analysts predict a tactical battle, with Vingegaard’s confidence boosted by his recent triumph.

Germany's World Cup ComebackGermany are desperate for a successful World Cup after two spectacular failures – they were knocked out in the group stages in 2018 and 2022. They certainly look improved under coach Julian Nagelsmann, who took over in September 2023 and has restored some national pride. Germany eased through their World Cup qualification group with five wins from six matches.The Squad: Youth Meets ExperienceThe squad blends the youthful brilliance of Jamal Musiala and Florian Wirtz with the experience of Joshua Kimmich, Antonio Rudiger and veteran goalkeeper Manuel Neuer, who surprised many by coming out of international retirement for the tournament. However, whether the team as a whole is talented enough to pose a serious threat to the favourites and whether all the pieces really fit together under the pressure of a tournament remain to be seen.Group Stage ChallengesIn 2018, Germany crashed out after losing to South Korea. In 2022, they were defeated by Japan en route to being eliminated on goal difference. Nagelsmann has restored some national pride, and Germany looked decent as the host nation at Euro 2024 and were perhaps unlucky to lose to Spain in the quarterfinals. The mood around the squad seems optimistic, and they will expect to go deep in the tournament.Key Players to WatchAt the heart of Germany's ambitions are gifted young attackers in Musiala, Wirtz and Lennart Karl. Musiala, 23, was the standout performer at Euro 2024 and gives the team an individual spark of genius. However, he suffered a horrific injury in July, breaking his leg and dislocating an ankle. Wirtz, meanwhile, has endured a difficult season after his big money move to Liverpool but seems to have found his feet in the Premier League. Karl is another exciting prospect who became Bayern's youngest scorer in the UEFA Champions League and third youngest in the Bundesliga.Neuer's Shock ReturnThe 40-year-old goalkeeper was a surprise inclusion in Nagelsmann's 26-man World Cup squad. Neuer retired from international play after Euro 2024, but the Bayern keeper is now set to make his fifth World Cup appearance with Nagelsmann saying he is the first choice ahead of Oliver Baumann and Alexander Nubel. "Everyone knows the aura and quality Manu has, what he brings to a team," Nagelsmann said as he announced the squad.Questions for NagelsmannSeveral players look nailed on to start – think Leon Goretzka alongside Aleksandar Pavlovic as a double pivot in midfield and Kimmich at right back. But other positions are less settled, not least up front, where Germany lack a world-class out-and-out striker. Niclas Fullkrug is a traditional number nine but did not make the cut after a terrible season in front of goal for AC Milan. Newcastle's Nick Woltemade did make the squad despite a mixed season for his club. Kai Havertz can be used as a false nine, but it is not his most natural position.Group Stage OutlookNo disrespect to the other teams, but Germany will likely have breathed a sigh of relief when the draw for Group E was made. On paper, they will expect to progress comfortably. They open their campaign on June 14 against Curacao, the smallest nation ever to reach a World Cup. Their second game on June 20 against Ivory Coast should provide a stiffer test as the Ivorians, who are returning to the World Cup for the first time in 12 years, are a dangerous side. The final group game is on June 25 against Ecuador, who finished second in qualifying ahead of Brazil, Colombia and Uruguay.Germany's World Cup SquadGoalkeepers: Manuel Neuer (Bayern Munich), Oliver Baumann (Hoffenheim), Alexander Nubel (Stuttgart)Defenders: Joshua Kimmich (captain, Bayern Munich), Nico Schlotterbeck (Borussia Dortmund), David Raum (RB Leipzig), Jonathan Tah (Bayern Munich), Waldemar Anton (Borussia Dortmund), Antonio Rudiger (Real Madrid), Nathaniel Brown (Eintracht Frankfurt), Malick Thiaw (Newcastle United)Midfielders: Jamal Musiala (Bayern Munich), Florian Wirtz (Liverpool), Lennart Karl (Bayern Munich), Angelo Stiller (Stuttgart), Aleksandar Pavlovic (Bayern Munich), Leon Goretzka (Bayern Munich), Leroy Sane (Galatasaray), Felix Nmecha (Borussia Dortmund), Nadiem Amiri (Mainz), Pascal Gross (Brighton and Hove Albion)Forwards: Kai Havertz (Arsenal), Deniz Undav (Stuttgart), Jamie Leweling (Stuttgart), Nick Woltemade (Newcastle United), Maximilian Beier (Borussia Dortmund)

The Proposed Pay Scheme The chief executive of Arm is in line for a pay package that would make him a billionaire if he hits targets to turn the British microchip giant into the UK's first trillion-dollar company. Arm, which is listed in New York but retains its global headquarters in Cambridge, has proposed a pay scheme for Rene Haas in which he will receive generous annual share awards plus a maximum bonus of $800m if he can hit certain 'exceptional growth metrics'. The Targets In the proposed bonus, or 'value creation plan' for Haas, 63, he will be awarded 425,000 shares if he can hit targets. The first target is a trillion-dollar valuation by 2029, reaching $1.25trn the following year and £2trn by the end of March 2031. The Financial Impact The payout would be one of the biggest ever awarded by a British company. Assuming the policy is approved and the targets are hit, Haas is in line to make well over $1bn in total by 2031. Maximum bonus: $800m Annual award of shares: up to 200% of salary Targets: $1 trillion valuation by 2029, $1.25trn by 2030, and £2trn by 2031 The Industry Impact The eye-watering market capitalisation-based pay schemes increasingly being offered by US companies dwarf the level of rewards at UK businesses. This deal highlights the competitive nature of executive remuneration in the global technology industry. The Future Outlook Haas, who is pushing Arm from its core strategy of providing architecture for microchips in smartphones into developing chips for AI datacentres, has predicted that this change of tack could increase Arm's revenues fivefold.

The End of an Era: Arne Slot's Departure from Liverpool Inevitable and necessary. Despite the continual briefings coming out of the UK side of the club’s operation, the silence from Liverpool’s American ownership was deafening. No vote of confidence, no contract extension talks and – most significant – no official appointment of Etiënne Reijnen to Arne Slot’s coaching staff. The Event Details: Slot's Sacking Eventually, on Saturday lunctime, six days after the final game of a season in which the Reds lost 19 games, Slot was gone. Regardless of what happens next, it was the correct decision. If the next guy does not do well, that does not mean sacking Slot was a mistake. It made no sense for Liverpool’s ownership to allow this to continue, regardless of how much Michael Edwards and Richard Hughes reportedly wanted to stick with the status quo. The Data Analysis: A Disappointing Season 19 losses in a single season Lack of identity in the team's play Disappointing results and performances The Impact Analysis: A United Fanbase I can’t remember Liverpool fans being more united in wanting a trophy-winning manager removed. Usually there’s a split in the fanbase and it can get quite ugly but this time it was pretty unanimous. We all knew. Some may have half-heartedly railed against the idea of “sacking a league-winning manager” but when it happened there was very little condemnation. Mostly it was relief. The Prediction: A New Era for Liverpool The dream is that our real dad (Klopp) comes home but it’s probably going to be another stepdad – this time a fun Spanish one. Andoni Iraola ticks plenty of boxes, but not all of them. He hasn’t experienced the goldfish bowl of a big club like Liverpool, he hasn’t had to navigate the demands of playing twice, or three times, a week and teams don’t set up against Bournemouth in the same way they do Liverpool.

Iga Swiatek's Unhappy Birthday at French Open Iga Swiatek's 25th birthday celebrations turned sour at the French Open on Sunday as the former champion lost 7-5, 6-1 in the fourth round to the Ukrainian 15th seed Marta Kostyuk, her challenge for a fifth title ending just when she had looked to be rediscovering her rhythm. The Match Turning Point There was little to separate the duo in the early exchanges as they twice traded breaks, before Kostyuk came up with a tight hold in the 11th game and raised her level at the end to claim the opening set with a backhand crosscourt winner. Kostyuk's Historic Win It was the first time that Kostyuk had taken a set off the third-seeded Pole after three straight-set defeats in their previous meetings, and she sensed a big upset when she went ahead 3-1 in the next set after a battling effort. The Impact on Swiatek's Title Hopes The Rouen and Madrid champion held her nerve from there to take her record on clay this season to 15-0, and book a meeting with the seventh-seeded Ukrainian Elina Svitolina or the 11th-seeded Swiss Belinda Bencic in the next round at Roland Garros. What's Next Tumaini Carayol’s report to follow

The Concept of 'Mind Children' A few months ago, an AI researcher from Europe attended a dinner party in Silicon Valley. During one of the many courses, the host addressed his guests, all of whom worked in AI. The researcher paraphrased his message like this: “Isn’t it amazing that we are the last generation of humans who will need to think about procreating biologically? We were lucky enough to be born at a time where we can simply upload our consciousnesses instead.” The Book That Sparked the Conversation The book in question was Hans Moravec’s Mind Children: The Future of Robot and Human Intelligence, which was first published in 1988, and which at the time, according to economist and futurist Robin Hanson of George Mason University, caused a big splash in a small pond – the community of robotics and machine-learning experts to which Moravec belonged. The Data Analysis Moravec’s book is more philosophical treatise than technological manual, but the central idea is that cultural evolution has long since taken over from biological evolution as the most powerful force shaping humanity. The logical extrapolation of this is that the information that encodes our future selves would soon be packed into hardware and software rather than DNA. The Impact Analysis Angela Aristidou, who studies the real-life deployment of AI at University College London, is not surprised that Moravec’s book is enjoying a revival. She says that what in 1988 might have read like science fiction – and still might to most of us – looks eminently realisable to those in the know. The Prediction Hanson shares his conviction that the revolution is inevitable, as soon as AI attains something experts agree to call human-level intelligence. “We are going to generate an explosion of things like us in the future, who will be different from us in many ways,” Hanson says. “To the extent that they have minds somewhat like ours, they are our mind children.”

Day eight of the 2026 French Open at Roland‑Garros kicked off with a marquee clash between four‑time champion Iga Swiatek and rising talent Marta Kostyuk, alongside a host of other high‑stakes matches that could reshape the second week.Swiatek Takes on Kostyuk in a Potential ClassicThe opening encounter pits the defending champion, seeded #1, against the Ukrainian prodigy, seeded #12. Both players have displayed a blend of power and finesse throughout the tournament, setting the stage for a match that could define the women's title race.Seedings and Rankings Highlight the StakesIga Swiatek – World No. 1, French Open champion 2022‑2025.Marta Kostyuk – World No. 12, semifinalist in 2025.Jil Teichmann vs Mirra Andreeva – both ranked inside the top 30.Andrey Rublev – former top‑5, seeking a deep run after early exits by Djokovic, Alcaraz and Sinner.Implications for the Women’s Draw and Emerging ContendersA Swiatek victory would reinforce her dominance and likely secure a top‑seeded path to the final. A Kostyuk upset could open the draw for players like Elina Svitolina and Belinda Bencic, who are already positioned as dark horses.What to Watch in the Remainder of Day EightHow qualifier Wang Xiyu adapts to the clay after a surprise run.The performance of Jodár against Pedro Carreño Busta (men’s match).Whether Andrey Rublev can capitalize on the absence of the “Big Three”.