Two men in UK charged with spying for China

A parliamentary researcher who was arrested last year on suspicion of spying for China has been charged along with another man with espionage offences. Christopher Cash, 29, who had access to parliament through his work for an organisation set up by Conservative MPs, is to appear in court on Friday after he and Christopher Berry, 32, were charged under the Official Secrets Act. The men are accused of providing prejudicial information to a foreign state, China, the Crown Prosecution Service (CPS) said in a statement on Monday. Police arrested the…

Global defence budget jumps to record high of $2440bn

Global military expenditure has reached a record high of $2440bn (£1970bn) after the largest annual rise in government spending on arms in over a decade, according to a report. The 6.8% increase between 2022 and 2023 was the steepest since 2009, pushing spending to the highest recorded by the Stockholm International Peace Research Institute (Sipri) in its 60-year history. For the first time, analysts at the thinktank recorded a rise in military outlay in all five geographical regions: Africa, Europe, the Middle East, Asia and Oceania and the Americas. Nan…

UK firms may be barred from funding emerging tech in hostile countries

Ministers are considering blocking British investors from funding emerging technologies in hostile countries if they believe the technology could pose a threat to UK security, the deputy prime minister has said. Oliver Dowden said on Thursday the government would consult on curbing British investment abroad, after becoming concerned that money from the UK could be used to finance projects that could undermine national security. His comments come eight months after the Biden administration gave regulators the power to stop US investment in Chinese institutions in three sectors: semiconductors, quantum computing…

Ditching European trade for China and India was ever a poor bet. Now it’s a farce | Will Hutton

The world has changed since, post-Brexit, “Global Britain” set itself to “pivot” from sclerotic Europe towards booming Asia. Always a fanciful idea that disregarded Asian realities, it has now become farcical. Neither China nor India are proving the easy pickings on which “buccaneering” Britain could ride to economic success, denied through being tied to the “corpse” of an EU economy allegedly shackled by regulation and tax. Brexiter ambitions are turning to ashes. Instead, there is China, run by an ever more openly dictatorial and militarily ambitious communist government. Its economy is…

Chinese lenders key as Thames Water’s owner seeks time to pay debts

The Dutch bank ING and two Chinese state-owned lenders could play a crucial role in deciding the fate of beleaguered Thames Water, it has emerged. The banks are expected to agree an extension on a £190m loan to the parent company of Britain’s biggest water supplier, which is due to be repaid at the end of this month. The group of lenders to Kemble Water Finance include ING, Allied Irish Banks (AIB) and the Chinese state-owned Bank of China and Industrial and Commercial Bank of China (ICBC), the Financial Times…

Netflix’s 3 Body Problem is sci-fi. But beyond the alien threat lies the trauma of modern China | Tania Branigan

It has brain-bending physics, mysterious visitors and futuristic technology. Yet viewers of the new Netflix sci-fi epic 3 Body Problem could be forgiven for some confusion as its opening scenes unfold. A drama about coming contact with aliens catapults us back to China in 1966, at the height of the Cultural Revolution: we see an eminent physicist viciously attacked by zealots before a howling crowd. As incongruous as it seems, this moment is central to understanding the book on which the show is based. Liu Cixin’s The Three-Body Problem has…

Fast fashion retailer Shein doubles profits as it awaits IPO approval

Shein, the online fast fashion retailer founded in China, has more than doubled its profits to more than $2bn (£1.6bn) as it awaits approval for a stock market listing in New York or London. The company, which is growing rapidly around the world by using social media to promote its goods, recorded sales of about $45bn last year, according to a report in the Financial Times based on information from sources close to the company. Shein, which has moved its headquarters to Singapore, is among the most profitable fashion companies…

Tory immigration policies risk over-reliance on Chinese students, ex-universities minister warns

The Conservative party’s “scorched earth” immigration policies risk UK universities becoming increasingly reliant on students from China to avoid financial crisis, a former universities minister has said. It comes as estimates suggest 25% of tuition fee income at leading British universities already comes from China. Chris Skidmore, who resigned as a Conservative MP earlier this year, said the new restrictions on issuing international student visas, and recent threats to undo the “graduate route” work visas, were sabotaging the government’s own education strategy as well as efforts to diversify university recruitment…

Western governments struggle to coordinate response to Chinese hacking

With the announcement that the UK government would be imposing sanctions on two individuals and one entity accused of targeting – without success – UK parliamentarians in cyber-attacks in 2021, the phrase “tip of the iceberg” comes to mind. But that would underestimate the iceberg. James Cleverly, the home secretary, said the sanctions were a sign that “targeting our elected representatives and electoral processes will never go unchallenged”. But some experts saw it as a sign that the UK had been pushed into a corner by a decision in Washington…

Is China a major threat to British democracy? – Politics Weekly UK – podcast

Despite pressure from some Conservative MPs, the government stopped short of defining China as an official threat this week. How deep does Chinese interference in the UK go? John Harris speaks to the Guardian’s foreign leader writer Tania Branigan and deputy political editor, Peter Walker. As MPs break for Easter, they also discuss the state of the Conservative and Labour parties How to listen to podcasts: everything you need to know The Guardian