Volkswagen CEO warns of EU tariff retaliation from China

South China Morning Post
US urges restraint from mainland China and Taiwan ahead of island leader's speech
The US urged "restraint" from both sides of the Taiwan Strait amid speculation over mainland China's military response to Taiwanese leader William Lai Ching-te's upcoming speech to mark the self-governing island's Double Tenth Day. A senior official of US President Joe Biden's administration said Beijing could use Lai's speech on Thursday as a "pretext" for taking military action in the Taiwan Strait. "We see no justification for a routine annual celebration to be used in this manner," the offic
South China Morning Post
Dubai's DP World to use Hong Kong supply chain provider to connect China with the world
Dubai's port and logistics operator DP World wants to transport China's products to the world, leveraging its recent acquisition of Cargo Services Far East in Hong Kong. The United Arab Emirates company is bullish on the manufacturing and trading prowess of the world's second-largest economy, and has boosted its capabilities in Hong Kong to take advantage of the significant growth opportunities, according to chairman and CEO Sultan Ahmed Bin Sulayem. "We want to tap the China market more," Bin S
South China Morning Post
China, US locked in lose-lose tech battle whoever wins White House, experts say
Washington and Beijing's hi-tech rivalry is expected to continue and even intensify, regardless of who wins the US presidential election, according to analysts who say the tone for further strained US-China relations has already been set. Former president Donald Trump's boast that he took "billions and billions of dollars" from China through tariffs on a wide variety of Chinese imports, including hi-tech products, suggest that higher duties could be on the way if he wins the White House. Meanwhile, Vice-President Kamala Harris has promised to make sure "that America - not China - wins the competition for the 21st century and that we strengthen, not abdicate, our global leadership".
South China Morning Post
Alibaba's Tmall sees surge in new brands as foreign merchants pile in ahead of Singles' Day
Alibaba Group Holding's Tmall shopping platform saw the number of new brands surge by 239 per cent from August to September, as foreign merchants rushed to gain a foothold on China's largest online marketplace before the upcoming Singles' Day shopping festival. In the third quarter, the number of brands that opened official stores on Tmall surged by 70 per cent from the previous quarter, with September the best-performing month, according to data from Taobao and Tmall Group, the domestic e-comme
South China Morning Post
Mexico seeks US help in cutting back on imports from China
The government of newly inaugurated Mexican President Claudia Sheinbaum plans to collaborate with the United States to reduce its reliance on Chinese supplies, The Wall Street Journal reported this week. Luis Rosendo Gutierrez, Mexico's deputy secretary of commerce, told The Journal in a report on Tuesday that Sheinbaum - who came into office on October 1 - intended "to focus on supporting our domestic supply chains". According to Gutierrez, informal discussions have already been held with US se
South China Morning Post
Renaissance names founder's wife as chair of investment bank, as Bao Fan remains missing
China Renaissance Holdings, which arranged some of China's largest technology mergers, has appointed the wife of founder Bao Fan as its new chairperson to head the privately owned firm, more than a year after the investment banker disappeared from public view. Hui Yin-ching, also known as Xu Yanqing on the mainland, was designated as the chairperson and executive director effective October 9, according to a statement issued last night by the Beijing-based financial services group. Hui, 54, will
South China Morning Post
TikTok owner ByteDance launches US$170 earbuds in China in push into AI wearables
ByteDance, owner of popular short-video app TikTok, on Thursday launched its first earbuds, which enable users to talk directly with the company's generative artificial intelligence (GenAI) chatbot without waking up their smartphone. The open-ear wearables, Ola Friend, are currently available only in China. They are designed to serve as an audio assistant when the user is travelling, practising English, listening to music, or simply looking for company, according to the product description. Once
South China Morning Post
China-Europe trade war 'unavoidable' on current trends, EU business leader says
An EU-China trade war is "unavoidable" on current trends, according to Europe's top business leader in the country, who said that Beijing's own policies mean it could not be considered the "victim". "A full-blown trade war looks more and more likely if nothing changes," said Jens Eskelund, the chairman of the European Union Chamber of Commerce in China, in an interview in Brussels on Wednesday. Jens Eskelund said it is "very important" to stress that China is not the "victim" in the dispute. Pho
KameraOne
Four people and dog rescued after plane crash while fleeing Hurricane Milton
A small plane crashed off the coast of Florida while fleeing Hurricane Milton on October 8. The four occupants and a dog were rescued from the floating wreckage.
Associated Press
Hong Kong court rejects activist Jimmy Lai's bid to have a jury trial for libel case
A Hong Kong court rejected jailed publisher Jimmy Lai ’s request to have a jury trial for his libel case against a pro-Beijing newspaper Thursday, the latest setback for the activist who suffered multiple blows in other legal battles. Lai, the founder of the now-defunct Apple Daily newspaper, is one of the city's leading activists who was prosecuted under a sweeping national security law during Beijing's crackdown on dissent.
BBC
Where is Hurricane Milton heading?
Milton hit western Florida near Siesta Key, with US officials warning of "life-threatening" storm surge.
Simply Recipes
My Favorite 46-Cent Costco Find Is Back for a Limited Time
I always grab a box when it's in stock.
Reuters
Hungary central banker flags likely pause in rate cuts after forint falls
Hungarian central bank Deputy Governor Barnabas Virag flagged a likely pause in the bank's interest rate cuts on Thursday after an escalation of the conflict in the Middle East and a shift in the U.S. rate outlook pushed the forint to 18-month-lows. Falls in the forint forced the bank into emergency rate hikes in late 2022 to shore up the currency, which Goldman Sachs economists have described as the "binding constraint" on the pace of further rate cuts due to its high volatility.
Reuters
Cyprus arrests eight on suspicion of terrorism funding, say police
Police in Cyprus on Thursday detained eight individuals for questioning on allegations they were involved in raising funds for a designated terrorist group in a third country, authorities said. One issue under scrutiny was whether funds were raised from dealing in illicit narcotics and psychotropic substances, he said.
Investing.com
CFRA cuts Lululemon rating to Hold amid inventory concerns
Investing.com -- CFRA Research analysts downgraded Lululemon Athletica (NASDAQ:LULU) stock from Strong Buy to Hold and slashed the price target from $400 to $280.
PA Media: Entertainment
Gavin And Stacey star Larry Lamb says the show’s ending is ‘really beautiful’
In recent weeks the cast reunited to film a final Christmas special after the show’s creators revealed that they had written one last instalment.
Yahoo Life Shopping
Rare sales on Lego Advent calendars include Star Wars, Harry Potter and more
Save 20% on select countdowns — including the No. 1 bestselling Star Wars set — during the Prime Day Lego sale.
PA Media: UK News
Police-recorded religious hate crime in UK up by 25% after Israel-Hamas conflict
The most common hate crimes targeted against Jewish and Muslim people were public fear, alarm or distress offences.
Madrid Universal
Real Madrid captain wants to continue at club until 2026 to prepare for the World Cup
Real Madrid midfielder Luka Modric is eager to extend his contract with the club, according to a report from Radio MARCA. Modric, who is now 39 years old, is seeking a one-year extension to his curre...
The Independent
Voices: Sir Richard Branson: When it comes to the death penalty, there’s only one question that matters
COMMENT: Executions are barbaric, often wrongly applied – and don’t even serve as a deterrent to crime, writes Richard Branson. So we all need to ask ourselves: do we really deserve to kill?

S&P 500, DOW NOTCH FRESH RECORDS AS KEY U.S. CPI REPORT LOOMS

Volkswagen CEO warns of EU tariff retaliation from China

Latest Stories

US urges restraint from mainland China and Taiwan ahead of island leader's speech

Dubai's DP World to use Hong Kong supply chain provider to connect China with the world

China, US locked in lose-lose tech battle whoever wins White House, experts say

Alibaba's Tmall sees surge in new brands as foreign merchants pile in ahead of Singles' Day

Mexico seeks US help in cutting back on imports from China

Renaissance names founder's wife as chair of investment bank, as Bao Fan remains missing

TikTok owner ByteDance launches US$170 earbuds in China in push into AI wearables

China-Europe trade war 'unavoidable' on current trends, EU business leader says

Four people and dog rescued after plane crash while fleeing Hurricane Milton

Hong Kong court rejects activist Jimmy Lai's bid to have a jury trial for libel case

Where is Hurricane Milton heading?

My Favorite 46-Cent Costco Find Is Back for a Limited Time

Hungary central banker flags likely pause in rate cuts after forint falls

Cyprus arrests eight on suspicion of terrorism funding, say police

CFRA cuts Lululemon rating to Hold amid inventory concerns

Gavin And Stacey star Larry Lamb says the show’s ending is ‘really beautiful’

Rare sales on Lego Advent calendars include Star Wars, Harry Potter and more

Police-recorded religious hate crime in UK up by 25% after Israel-Hamas conflict

Real Madrid captain wants to continue at club until 2026 to prepare for the World Cup

Voices: Sir Richard Branson: When it comes to the death penalty, there’s only one question that matters