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The Latest Breaking News from China

China to pivot $50 billion chip fund to fighting U.S. squeeze as trade war escalates — country to back local companies and projects to overcome export controls

China's Big Fund III is refocusing on building local lithography equipment and chip design software after U.S. export bans blocked access to advanced tools, pushing managers to prioritize filling these critical gaps over supporting already strong areas.

Tom’s Hardware

More bad news for Tesla – Xiaomi's new Model Y rival beats it on price and just smashed pre-order records

Xiaomi's new electric SUV deliberately undercuts the Model Y on price –and the tech giants says it's sold more than 2,000 YU7s within three minutes of launch.

TechRadar

Nvidia's $3.7T Market Cap Boosts CEO Huang's Wealth to $135B as he Offloads 200K Shares at Peak Price

Nvidia's market cap reached $3.7 trillion as the stock price reached an all-time high. The rally boosted the value of Jensen Huang's 4% stake in the company to $135 billion.

International Business Times UK

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Nike Stocks Rise Despite Smaller Sales, Profit Drops: Why They're Still Winning Amidst Tariff Woes

Following the stock's post-earnings jump of around 10–11%, HSBC upgraded its rating to 'buy,' and peers such as Adidas and Puma also experienced gains.

International Business Times UK

US reaches deal with China to speed up rare-earth shipments, White House says

China confirms details amid efforts to end trade war but reiterates it will continue to approve export permits

The Guardian - US

German official urges Apple and Google to ban AI company DeepSeek, citing privacy concerns

DeepSeek's transfer of user data to China is ‘unlawful,’ said a data protection official.

Euronews

Renewables leaders parse the damage to their industry as Senate finalizes vote on 'big beautiful bill'

Renewable-energy leaders are watching closely to see what becomes of tax credits, rules about transferring credits, and sourcing from foreign suppliers.

Fortune

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Tariff Rollbacks Won't Bring Instant Price Relief

The U.S.–China trade deal cuts tariffs—but don't expect prices to drop overnight. Supply chains are still disrupted, and costs passed down to consumers will linger. It's a start, but real relief takes time.

International Business Times

Not Quite A Victory Lap: Rethinking The US–China Trade Agreement

The U.S.–China trade pact offers short-term relief, but it may be more of a tactical pause than a permanent fix. Here's how it affects businesses, supply chains, and rare-earth access.

International Business Times

New US-China trade deal to accelerate rare-earth shipments

As part of its retaliation against new US tariffs, China suspended exports of a wide range of critical minerals and magnets

The Independent UK

Claudia Sheinbaum Criticizes AG Pam Bondi for Calling Mexico a Foreign Adversary: 'She's Not Well Informed'

Sheinbaum responded to recent remarks by AG Pam Bondi', saying she was wrong to list Mexico alongside Iran, Russia and China as a foreign adversary

Latin Times

Nike expects US tariffs to cost it $1bn and warns of falling sales

The ailing US sportswear company reported falling revenues and income. Its fiscal guidance for the current quarter nonetheless gave investors a glimmer of hope, pushing the share price up around 10% in after-hours trading in the US.

Euronews

Xiaomi Comes Up With A 'Tesla Killer' - New Vehicle Sold 200k Units In Under Five Minutes

Xiaomi's new YU7 EV, priced just under Tesla's Model Y, garnered over 200,000 orders in minutes, hitting 289,000 in an hour.

International Business Times UK

Top Chinese general ousted from body that oversees China’s military

Purge is latest sign president Xi Jinping’s anti corruption drive has reached highest echelons of armed forces

The Guardian - UK

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Fortune

Wall Street buoyed by Lutnick’s 10-deal pipeline, but analyst warns present calm may merely be the ‘eye of the storm’

Lutnick’s China promise did little to impress markets, but overall added to a period of relative stability. Yet one analyst warned this may be a “false dawn.”

Euronews

China unveils tiny spy drone that looks like a mosquito. What other small spy drones exist?

About 2 cm long and weighing just 0.3 grams, the insect-inspired device features two tiny wings and three spindly legs. Its minuscule size would make it difficult to detect using conventional radar systems, experts say.

Benzinga

US Stocks Likely To Open Higher As Commerce Secretary Confirms Deal With China: Nike, Worthington Steel Surge Amid Upbeat Earnings

U.S. futures rose on Friday following Thursday’s rally. Futures of major benchmark indices were trading higher.

Barchart

S&P Futures Gain on Trade Optimism, U.S. PCE Inflation Data in Focus

September S&P 500 E-Mini futures (ESU25) are trending up +0.28% this morning amid renewed optimism about trade deals, while investors await the release of the Federal Reserve’s first-line inflation gauge.

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The Guardian - UK

Nike expects Trump tariffs to cost it $1bn

Sportswear company to reduce manufacturing in China to soften the impact of US trade policies

International Business Times

China's Top Diplomat To Visit EU, Germany, France Next Week

China's top diplomat Wang Yi will head to Europe next week for talks with counterparts from the European Union, Germany and France, Beijing said on Friday as it seeks to shore up fraught ties with the bloc.

Tom’s Hardware

Top semiconductor toolmaker launches talent competition in China — ASML is looking for 16 skilled lithography engineers

ASML launches an online competition in China to boost lithography awareness and recruit talented engineers for its operations in the country.

Euronews

Beijing confirms that it has signed a trade agreement with the US

China said on Friday that it had further confirmed details of a trade framework, including the export of rare earths.

International Business Times

China Confirms Trade Deal Framework Reached With United States

China confirmed on Friday details on the framework of a trade deal with the United States, saying Washington would lift "restrictive measures" while Beijing would "review and approve" items under export controls.

Benzinga

Howard Lutnick Confirms US-China Trade Agreement, Reaffirms White House's Progress To Close Deals With 10 Other Trading Partners

The U.S. and China have finalized a trade understanding, building on an agreement reached last month in Geneva. Commerce Secretary Howard Lutnick confirmed the deal, which was signed two days ago, noting that the White House has immediate plans to secure agreements with ten other major trading partners.

Evening Standard

Nike warns Trump tariffs could cost it nearly £730m

The sportswear giant recently warned it would raise prices on some trainers and clothing in the US to counter rising tariffs.

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