US and China poised to extend tariff truce after failing to find resolution at talks

US and Chinese negotiators have agreed in principle to push back the deadline for escalating tariffs, although America’s representatives said any extension would need Donald Trump’s approval. Officials from both sides said after two days of talks in Stockholm that while had failed to find a resolution across the many areas of dispute they had agreed to extend a pause due to run out on 12 August. Beijing’s top trade negotiator, Li Chenggang, said the extension of a truce struck in mid-May would allow for further talks, without specifying when…

As Trump’s tariff regime becomes clear, Americans may start to foot the bill

Burying the hatchet with Brussels, Donald Trump – flanked by the leader of the European Commission – hailed a bold new era of transatlantic relations, an ambitious economic pact, and declared: “This was a very big day for free and fair trade.” That was seven years ago. And then on Sunday, the US president – flanked by a different leader of the European Commission – hailed another new era of transatlantic relations, another economic pact and declared: “I think it’s the biggest deal ever made.” Trumpian hyperbole can typically be…

Labubu underground: Lafufu makers defy Chinese authorities to feed the world’s appetite for viral doll

Trolleys piled high with decapitated silicon monster heads, tattooed dealers lurking in alleyways, bin bags of contraband hidden behind shop counters: welcome to the world of Lafufus. Fake Labubus, also known as Lafufus, are flooding the hidden market. As demand for the collectable furry keyrings soars, entrepreneurs in the southern trading hub of Shenzhen are wasting no time sourcing imitation versions to sell to eager Labubu hunters. But the Chinese authorities, keen to protect a rare soft-power success story, are cracking down on the counterfeits. “Labubus have become very sensitive,”…

The hunt for the next Dalai Lama – podcast

Before long, Tibetan Buddhism will enter an unknown world – one without its current Dalai Lama. He has been the leader since he was chosen as a toddler more than 80 years ago. But the Dalai Lama is now 90, and talking openly about the process to pick his successor. Much has changed, however, since he was discovered by senior Buddhist monks in a village in north-west Tibet in 1937. Most pertinently, the Chinese invasion of Tibet in the 1950s and the subsequent exile of the region’s Buddhist leadership to…

Flooding rain in China’s north leaves two people dead and displaces thousands

Heavy rain around Beijing and across northern China killed two people and forced thousands to relocate as authorities warned of further widespread rain and the risk of disasters including landslides and flooding. Two people were dead and two missing in Hebei province, state broadcaster CCTV reported on Sunday morning. Overnight rain dumped a record 145mm per hour on Fuping county in the industrial city of Baoding. China’s water ministry issued targeted flood warnings to 11 provinces and regions, including Beijing and neighbouring Hebei, for floods from small and midsize rivers…

Attempt to unseat 24 ‘pro-China’ opposition politicians in Taiwan appears to fail

An unprecedented attempt in Taiwan to unseat 24 “pro-China” opposition politicians and give a parliamentary majority to the ruling party appears to have failed, with early results indicating voters in every seat had rejected the notion. Polls opened on Saturday morning for the first 24 of 31 targeted seats, with voters asked to agree or disagree with a proposal to recall the local legislator and hold a byelection. Polls closed at 4pm local time and within a couple of hours the early results emerged. By 7pm the central election commission…

Hong Kong issues arrest warrants for 19 activists based overseas

Hong Kong’s national security police have issued arrest warrants for 19 activists based overseas, accusing them of subversion under a stringent national security law, marking the largest such tally yet. They are accused of organising or participating in the Hong Kong Parliament, a pro-democracy group that authorities in the Asian financial hub say intended to subvert state power, under the law Beijing imposed in 2020 after months of pro-democracy protests in 2019. The activists are accused of having launched a referendum or run as candidates in the unofficial Hong Kong…

China calls for global AI cooperation days after Trump administration unveils low-regulation strategy

Chinese premier Li Qiang has proposed establishing an organisation to foster global cooperation on artificial intelligence, calling on countries to coordinate on the development and security of the fast-evolving technology, days after the US unveiled plans to deregulate the industry. Speaking at the annual World Artificial Intelligence Conference (WAIC) in Shanghai, Li called AI a new engine for growth, adding that governance is fragmented and emphasising the need for more coordination between countries to form a globally recognised framework for AI. Li warned Saturday that artificial intelligence development must be…