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Europe News

Brussels moves closer to slapping definitive tariffs on Chinese EVs

The EU executive says it stands ready to reach an alternative solution, compatible with WTO principles, with the Chinese government.

Economy

China retains key loan rates as economic recovery shows progress

After unexpected cuts in July, the People's Bank of China (PBOC) left the one-year and five-year Loan Prime Rates (LPR) unchanged. Amid recent mixed activity data, China's economy shows signs of a modest recovery.

Business

Possible drug shortages in Germany as China tightens espionage laws

Several German states have suspended trips by their quality-control inspectors to Chinese pharmaceutical companies over tightened espionage laws.

Markets

Markets look ahead: Jackson Hole Symposium takes centre stage

This week, central bankers will convene in the US state of Wyoming to discuss economic outlooks and monetary policies. Key economic data is expected to drive further volatility in the financial markets.

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Markets

AI stocks lose appeal amid heavy spending and slowing earnings growth

The one-month selloff in technology stocks might indicate sector rotations by major funds as the investment cycle shifts. Quarterly earnings reports also suggest a slowdown in growth due to capacity constraints, driven by the surge in AI demand.

Business

China appeals to World Trade Organisation over EU tariffs on EVs

The European Commission says that tariffs are necessary to protect EU firms against unfair competition. China says its EV industry has flourished naturally.

Business

EU member states set to back tariffs on Chinese EVs, says trade chief

Tariffs could come into force in November after a vote in late October.

Europe News

Italy's PM Meloni denounces Chinese economic support for Russia's war

Beijing's support for Russia's war in Ukraine is a source of "great friction", said the Italian Prime Minister Meloni during her official five-day visit to China.

Radio Schuman

Will Iran's new president change relations with EU?

Masoud Pezeshkian will take the oath as the new President of Iran today (July 30) in an official ceremony.

Business

Champagne makers vote for smaller harvests as sales lose their fizz

Champagne producers have also come under pressure in recent weeks, following China's decision to impose tariffs on the import of luxury goods from the EU.

Europe News

Von der Leyen is 'playing with fire' over Taiwan, China warns

Beijing has taken issue with the political guidelines of Ursula von der Leyen, which call for the status quo in the Taiwan Strait to be respected.

Economy

China's second-quarter GDP falls short of expectations

China reported weaker-than-expected gross domestic production (GDP) data for the second quarter and softened economic data for June. The country also began its Third Plenum key political meeting.

Green News

Allow battery makers to benefit from green power, governments urge

Proposed small print to EU rules on battery manufacturing could have wider consequences for Europe's energy transition, policy makers have been warned.

Business

China's EV exports slow in June as EU imposes tariffs

China’s new energy vehicle (NEV) exports grew at a slower pace in June due to the EU’s new tariffs on Chinese EV imports. However, this impact may only be temporary, according to industry officials.

Business

Volkswagen hits back at EU tariffs on Chinese electric vehicles

German auto manufacturers such as Volkswagen and BMW have increasingly warned about the potential adverse effects of EU tariffs on the European auto industry’s competitiveness down the line, as well as their own operations in China.

Business

Germany halts the planned sale of VW's gas turbine business to China

This move, although made to protect Germany and the EU’s sensitive technology, has also raised concerns about Germany’s competitiveness in the international market.

Europe News

EU confirms steep tariffs on Chinese electric vehicles

Brussels accuses Beijing of lavishing its car-makers with enormous amounts of subsidies that lead to artificially low prices and unfair competition.

Business

EU targets the likes of Temu and Shein with cheap goods crackdown

Cheap products from China are currently exempt from EU import duties, although FT sources say this could soon change.

Europe News

Chinese and Polish Presidents meet for bilateral talks

Chinese President Xi Jinping met with his Polish counterpart Andrzej Duda in Beijing on Monday.

Economy

EU and China agree to negotiate on tariffs as EV row rumbles on

Officials from both sides finally agree to hold consultations, signalling progress could be made on finding a way to end the subsidy spat.