I’m Chris Anstey, an economics editor in Boston. Today we’re looking at Europe-China ties. Send us feedback and tips to ecodaily@bloomberg.net. And if you aren’t yet signed up to receive this newsletter, you can do so here. Fifty years after the European Economic Community (now the European Union) established diplomatic ties with mainland China, relations…
Chinese President Xi Jinping has said Europe and China must make the “correct strategic choices” in the face of recent global challenges during a summit with top European Union officials, which comes at a particularly rocky time in their relationship. “The current challenges facing Europe do not come from China,” Xi told visiting European Commission…
US officials are ‘optimistic’ that an agreement could be imminent. German Chancellor Friedrich Merz has said that negotiations between the European Union and the United States over a long-running trade dispute are making progress. Speaking in Berlin on Wednesday ahead of a dinner with French President Emmanuel Macron, Merz said, “We have been hearing in…
When Brazilian President Luiz Inacio Lula da Silva was in China earlier this year for his third meeting with Xi Jinping since returning to office in 2023, he hailed the relationship between the two countries as “indestructible”. That proximity will likely increase even more following United States President Donald Trump’s announcement of a 50 percent…
Top European Union officials Ursula von der Leyen and Antonio Costa are due to meet with Chinese President Xi Jinping in Beijing as the EU and China mark 50 years of diplomatic relations amid simmering tensions. Von der Leyen and Costa, who respectively head up the European Commission and the European Council, will arrive in…
United States President Donald Trump has announced that he has struck a “massive” trade deal with Japan following months of fraught negotiations. Under the agreement announced on Tuesday, the US will impose a 15 percent tariff on Japanese exports and Japan will invest $550bn in the US, Trump said. “We just completed a massive Deal…
Even as US President Donald Trump upends China’s factory floors, he seems to be laying the ground for an easing in the tech war. In a reversal this week, the White House told chipmaker Nvidia it could soon resume sales of its less advanced China-focused H20 artificial intelligence accelerator. AMD received similar assurances from the…
New Delhi, India – Tesla is finally cruising in India, the world’s third-largest car market, with the launch of its Model Y. The rollout marks the culmination of a decade-long, topsy-turvy journey. Showcased at its new showroom in Mumbai, India’s financial capital, on Tuesday, Tesla’s Model Y is now on sale for about $70,000, a…
China’s spy agency has accused overseas intelligence agencies of stealing controlled rare earth materials, reiterating its intent to curb smuggling even as Beijing agrees to review applications to export the vital industrial resource after trade talks with the US. Without naming any country, the Chinese Ministry of State Security accused foreign entities of orchestrating the…
At a factory in southern China, hundreds of assembly-line workers wearing blue caps churn out kitchenware and grilling accessories for global retailers including Walmart Inc. The vast shop floor — almost the size of six soccer fields — is a hive of activity as everything from grill tongs to food storage containers are assembled and…