Renault has reportedly ended its collaboration with Valeo on developing a next-generation electric vehicle (EV) motor that avoids rare earth magnets, and is actively seeking a more cost-effective supplier in China, according to two sources familiar with the matter. The French automaker is
Syria has reportedly prevented two separate attempts by the Islamic State to assassinate President Ahmed al Sharaa, senior government officials revealed on Monday. The revelation adds a personal dimension to the Syrian leader’s decision to align more closely with the United States and
Japan has lodged a formal protest against China after remarks made by a Chinese diplomat that Tokyo described as “extremely inappropriate.” The controversy centres on the Sanae Takaichi government, which suggested that if Beijing launched a military attack on Taiwan, such a scenario
Indonesian police said on Monday that preliminary investigations into a series of explosions in Central Java suggest the attacks may have been driven by personal motives rather than organized religious extremism. The blasts, which occurred late Sunday night in a densely populated neighborhood
Luxury conglomerate LVMH Moët Hennessy Louis Vuitton SE has reiterated its long-term commitment to China, signaling continued confidence in the country’s vast consumer market despite a slowdown in global luxury spending. Speaking at the China International Import Expo (CIIE) in Shanghai on Wednesday,
American exporters are breathing a sigh of relief after China announced an extension of its suspension on a key retaliatory tariff, easing some of the pressure created by this year’s renewed trade tensions between the world’s two largest economies. The move, while temporary,
China has achieved a significant technological breakthrough in nuclear energy with the successful operation of a thorium-based molten salt reactor, a next-generation nuclear system that promises greater efficiency and safety. The Shanghai Institute of Applied Physics announced on November 2 that it had
China’s exports unexpectedly fell in October, marking the first contraction since February and highlighting renewed challenges for the world’s second-largest economy as global demand softens. The slowdown raises concerns about the durability of China’s trade recovery, which had shown signs of stabilization earlier
The potential for economic collaboration between Israel and China remains largely untapped, according to Ravit Baer, Israel’s Consul General in Shanghai. Speaking on Thursday at the China International Import Expo (CIIE), Baer expressed optimism about the growing opportunities for trade and innovation between
The week ahead is expected to bring notable developments in global trade and diplomacy, as the United States and China begin implementing a series of coordinated measures to scale back tariffs and ease trade tensions. The move, starting November 10, marks one of
