Volkswagen reported a 9.5% drop in Q2 operating profit and cut its annual revenue forecast by up to 3% due to a significant sales slump in China. The German carmaker is implementing a cost-cutting program, including plans to axe up to 100,000 jobs globally, facing union opposition.
Africa's 4% GDP growth projection for 2026 and China's extension of zero-tariff access to most African economies
Gazprom CEO Alexey Miller stated that the company and China are discussing new gas supply opportunities, with China confirming its interest. Miller highlighted Gazprom's resources to meet China's growing demand, projecting a 40% increase in consumption over the next decade.
48 Chinese iOS developers have filed a complaint with China's market watchdog against Apple, alleging unfair App Store commission rates and abuse of market dominance. They claim Apple failed to offer the lowest commission rate to the Chinese market.
BMW shares dropped to a 5-year low after the German automaker lowered its 2026 profit forecast due to declining demand in China and disruptions from the Iran war impacting costs and consumer sentiment. Analysts expressed concern over a lack of clarity on company structures and costs.
Hong Kong's business community signed six MOUs with Kazakhstan to support the development of Alatau City, a new hi-tech and economic hub. Hong Kong's Chief Executive John Lee positioned the city as a gateway for global capital and mainland Chinese market access to the project.
European firms in China report easing pessimism, citing Beijing's stability amid global volatility, with improved growth expectations despite ongoing challenges.
Nvidia CEO Jensen Huang confirmed China's critical role in the company's $1 trillion sales forecast, signaling no intention to exit the Chinese market despite US-China trade tensions. He also discussed Nvidia's new 'Vera' CPU platform and its potential $200 billion market.
Russia has secured the right to export compound feed to China following the signing of a protocol by Russian Agriculture Minister Oksana Lut and Chinese customs official Sun Meijun. This agreement, reached during President Putin's visit to Beijing, outlines veterinary and sanitary requirements for Russian feed producers entering the Chinese market.
The Netherlands opposes the US Match Act's extraterritorial aspects, citing impacts on ASML's sales and servicing of lithography machines to China, amid broader US export controls hindering China's chipmaking advancements.
Nvidia CEO Jensen Huang declared America a priority for advanced chip sales, stating China should not have access to the "latest and greatest" AI technology. However, he urged the US not to abandon the Chinese market entirely, arguing that global sales and increased tax revenues strengthen American economic and national security.
Nvidia CEO Jensen Huang declared America a priority for advanced chip sales, stating China should not have access to the "latest and greatest" AI technology. However, he urged the US not to abandon the Chinese market entirely, arguing that global sales and increased tax revenues strengthen American economic and national security.
Nvidia CEO Jensen Huang declared America a priority for advanced chip sales, stating China should not have access to the "latest and greatest" AI technology. However, he urged the US not to abandon the Chinese market entirely, arguing that global sales and increased tax revenues strengthen American economic and national security.
Sensitive health data from nearly 500,000 UK Biobank participants was briefly listed for sale on a Chinese online marketplace linked to Alibaba. UK authorities acted quickly to have the listings removed, with Technology Secretary Ian Murray confirming coordination with Chinese authorities. The incident has sparked concerns about the security of one of the world's largest health research databases, which contains genetic data, diagnoses, brain scans and blood samples. Experts warn that anonymised data can sometimes be re-identified when combined with other information.
A Vietnamese court has sentenced two men to eight years in prison each for trafficking pangolin scales from three African species. The 46 bags of scales were seized in a sting operation last June in Bac Ninh province, highlighting the global scale of pangolin trafficking driven by demand for traditional Chinese remedies.
