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
Tag: World news
Boris Johnson approved China’s London super-embassy proposal in 2018
Boris Johnson approved the China’s super-embassy proposal in 2018 and welcomed the fact it would represent “China’s largest overseas diplomatic investment” anywhere in the world, the Guardian can disclose. In a letter to Wang Yi, China’s top diplomat, Johnson gave his consent for Royal Mint Court to house a sprawling diplomatic complex in May 2018. The Chinese government bought the 20,000 sq metres site for £255m that same month. The disclosure demonstrates that the Conservatives under Theresa May gave Beijing assurances that it could proceed with the proposal, which is…
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…
World’s climate plans fall drastically short of action needed, analysis shows
Recently drafted climate plans from scores of countries fall drastically short of what is needed to stave off the worst effects of climate breakdown, analysis has shown. More than 60 countries have so far submitted national plans on greenhouse gas emissions to the UN, setting out how they will curb carbon for the next decade. Taken together, these plans would cut carbon by only about 10% by 2035 compared with 2019 levels. This is only about a sixth of the drop in global emissions needed to limit global heating to…
‘China is watching’: Finland warns defeating Russia’s invasion of Ukraine key to stability in Indo-Pacific
Defeating Russia’s invasion of Ukraine is critical to restraining China in the Indo-Pacific, Finland’s defence minister has said, warning Europe and democratic partners, including Australia, face a fight of global consequences. Antti Häkkänen praised Donald Trump’s decision to impose sanctions on two Russian oil companies last week, calling the move a major sign of resolve by the US president against Vladimir Putin’s three-year long war. In an interview with Guardian Australia at the ministry of defence in Helsinki, Häkkänen said the West’s willingness to stay the course in opposing Russia’s…
Missing ‘critical element’ caused UK China spying trial to collapse, say prosecutors
The government’s evidence in the China espionage trial was missing a “critical element” that meant there was “no other option” but to collapse the case, prosecutors insisted on Monday night. Stephen Parkinson, the director of public prosecutions, did not directly blame anyone for the collapse of the trial but said the government’s refusal to describe China as a national security threat meant “all routes were closed”. Matthew Collins, the senior civil servant who drafted the government’s evidence, said he could not meet prosecutors’ demands because the Conservative government at that…
Donald Trump greeted by Emperor Naruhito in Japan before meeting new prime minister – US politics live
From 1h ago Trump gets royal welcome in Japan as he meets emperor Hello and welcome to the US politics live blog. I’m Tom Ambrose and I will be bringing you all the latest news lines over the next few hours. We start with the news that president Donald Trump received a royal welcome on Monday in Japan, the latest leg of a five-day Asia trip which he hopes to cap with an agreement on a trade war truce with Chinese president Xi Jinping. Trump, making his longest journey abroad…
US and China agree ‘framework’ for trade deal ahead of Xi-Trump meeting
The US and China have agreed a framework for a trade deal just days before Donald Trump and Chines president Xi Jinping are due to meet. Treasury secretary Scott Bessent said the agreement, forged on the sidelines of the Association of south-east Asian Nations (Asean) summit in Malaysia on Sunday, would remove the threat of the imposition of 100% tariffs on Chinese imports starting on 1 November and include “a final deal” on the sale of TikTok in the US. Trump arrived in Malaysia on Sunday for the summit, his…
US and China reach ‘final deal’ on TikTok sale, treasury secretary says
US treasury secretary Scott Bessent claimed on Sunday that the US and China have finalized the details of a deal transferring TikTok’s US version to new owners. “We reached a final deal on TikTok,” Bessent said on Sunday on CBS’s Face the Nation with Margaret Brennan. Alluding to Donald Trump and his Chinese counterpart, Xi Jinping, Bessent continued: “We reached [a deal] in Madrid, and I believe that as of today, all the details are ironed out, and that will be for the two leaders to consummate that transaction” during…
‘They told me not to speak out’: the woman who took on China – and won her husband’s freedom
Zeynure Hasan was at home in Istanbul in July 2021 when her husband finally called. It had been four days since she last heard from him as he got ready to board a flight to Casablanca. The silence had been torturous. But the news Idris now shared with her was even worse. He had been arrested and imprisoned on arrival in Morocco and told he was going to be deported to China. “You should call anyone who can help me, anyone who can rescue me,” he told her, before the…