Media group’s own paper publishes photo of RedBird Capital chair with alleged spy ring chief The sale of the Telegraph Media Group has been plunged into fresh turmoil after the company’s own newspaper linked its presumed new owner to the suspected ringleader of the alleged Westminster Chinese spy ring. Wednesday’s edition of the Daily Telegraph published a 2024 photograph of the financier John Thornton shaking hands with Cai Qi, a senior member of the Chinese Communist party’s ruling politburo, raising questions as to whether the British title is being eyed…
Tag: Business
EU carmakers ‘days away’ from factories halting work in chip war with China
Industry body says reserves of Nexperia semiconductors are dwindling after Beijing bans exports of key components Carmakers in the EU are “days away” from closing production lines, the industry has warned as a crisis over computer chip supplies from China escalates. The European Automobile Manufacturers’ Association (ACEA) issued an urgent warning on Wednesday saying its members, which include Volkswagen, Fiat, Peugeot and BMW, were now working on “reserve stocks but supplies are dwindling”. Continue reading… The Guardian
Aston Martin cuts investment plan by £300m as Trump tariffs bite
Carmaker’s third-quarter losses bigger than expected at £112m, with weak demand in China also a factor Business live – latest updates Aston Martin has slashed £300m from its investment plans after the British carmaker reported a bigger than expected loss in the third quarter because of Donald Trump’s tariffs and weak demand in China. The company said on Wednesday that losses before tax were £112m in the third quarter of 2025, a ninefold increase from £12m a year earlier. Continue reading… The Guardian
Trump and Xi talks could end months of global economic chaos
High on agenda for the leaders of the US and China will be rare earths and tariffs, with a chance of a relationship reset Ahead of Thursday’s long-awaited first meeting between Donald Trump and Xi Jinping since the US president’s return to office, officials from both sides have been hammering out the contours of what a trade deal between Washington and Beijing might look like, an agreement that could bring an end to months of global economic chaos caused by the US-China trade war. The two leaders have not met…
‘DeepSeek is humane. Doctors are more like machines’: my mother’s worrying reliance on AI for health advice
Every few months, my mother, a 57-year-old kidney transplant patient who lives in a small city in eastern China, embarks on a two-day journey to see her doctor. She fills her backpack with a change of clothes, a stack of medical reports and a few boiled eggs to snack on. Then, she takes a 90-minute ride on a high-speed train and checks into a hotel in the eastern metropolis of Hangzhou. At 7am the next day, she lines up with hundreds of others to get her blood taken in a…
The world dropped the ball on critical minerals and China pounced. Is it too late for Australia and the US to close the gap?
Almost eight years to the day after the last Holden rolled off an Adelaide factory assembly line, Anthony Albanese announced a $13bn deal with Donald Trump to help champion a domestic rare-earth industry. Announcing the deal this week in Washington, the prime minister called it “a really significant day” that would take the relationship between the two countries “to the next level”. “We’re just getting started,” Albanese said. The US president claimed “in about a year from now, we’ll have so much critical mineral and rare earths, that you won’t…
In the depths of the ocean, a new contest between the US and China emerges
Deep below the surface of the Pacific Ocean, the seafloor is dotted with clusters of brown and black rocks, each containing valuable metals. The rocks, known as polymetallic nodules, hold reserves of critical minerals that could be used to power clean energy and fuel a new industrial future. In the Cook Islands, a nation halfway between Hawaii and New Zealand, exploration vessels are mapping the mineral-rich seabeds. Here, the US and China are both exploring the resource potential – setting up a new strategic battle between the world’s two most…
Volvo and VW say Dutch takeover of Chinese chipmaker could halt car factories
Car companies across Europe and Japan including Volvo, Honda and Nissan, have warned that the Dutch takeover of a Chinese-owned chip manufacturer could hit production at factories. Last week’s decision by the Netherlands government to take control of Nexperia has sent shock waves around the auto industry, which is already facing potential shortages in products such as magnets amid China’s latest restrictions on rare earths exports. The Japan Automobile Manufacturers Association, whose members include Nissan, Toyota, Honda and Mazda, said on Thursday it had received a warning from Nexperia that…
Australia and the US have signed a critical minerals deal to take on China’s monopoly. Here’s what you need to know
1. Albanese named two ‘priority projects’ in Australia The Australian prime minister specifically referred to two “priority projects”, one by Alcoa and the other by Arufura Rare Earths, that will get an injection of capital from the government as part of a broader list. The first is a proposed gallium plant in Western Australia, to be co-located at one of Alcoa’s alumina refineries. Gallium is a strategic mineral vital for modern technologies like military equipment – including in advanced electronic warfare systems such as missile guidance technology and radar. The…
China’s economic growth slows amid Trump tariff war and property woes
China’s economy grew at its slowest pace in a year in the latest quarter amid a trade war with the US and long-running woes in its property market. Fragile domestic demand has left China’s economy heavily reliant on manufacturing and trade, at a time of mounting tensions with the Donald Trump administration. GDP rose by 4.8% year on year between July and September, down from the second-quarter growth rate of 5.2%. It expanded by 1.1% in the third quarter compared with the second, the same as the revised growth rate…