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Bureau: Beijing
The Philippines became the first country to formally declare a national energy emergency over the Iran war in March; Tuesday's ceasefire is being watched closely in Manila.
DeepSeek's V4 model is confirmed to run entirely on Huawei's Ascend 950PR chips — the first frontier Chinese AI model to sideline Nvidia entirely, and the clearest evidence yet that export controls.
Japan is the world's largest single-country beneficiary of the Hormuz reopening — the country sources most of its oil from Gulf states whose tankers route through the strait, and 39 days of closure.