Volkswagen reports sharp profit decline as China weakness and one-off costs weigh on earnings

German automaker Volkswagen posted a steep decline in second-quarter earnings after weaker sales in China and significant one-off charges weighed heavily on its financial performance. The disappointing results underline the mounting challenges facing one of Europe's largest car manufacturers as global competition intensifies and demand......

China expands tariff-free market access to 63 countries

China is expanding its trade-opening strategy by extending tariff-free access to its domestic market to a total of 63 countries. The move is part of Beijing's broader efforts to strengthen international trade, diversify its commercial partnerships, and reinforce its position in the global economy. Alongside reducing tariff barriers, Chinese......

CXMT IPO highlights China's state-backed strategy to build a global semiconductor industry

The upcoming stock market debut of CXMT is expected to become a defining moment for China's industrial strategy, showcasing how long-term government investment is being used to accelerate the country's ambitions in advanced semiconductor manufacturing. Beyond the listing itself, the initial public offering is widely viewed as a demonstration......

Ford partners with China’s Geely to create European vehicle production venture in Spain

Ford is preparing to transform its Valencia manufacturing facility in Spain into the foundation of a new European-focused joint venture with Chinese automaker Geely, marking a strategic shift in the American group’s industrial approach. The partnership will allow Geely to produce vehicles at Ford’s Spanish plant near Valencia,......

US Senate advances bill targeting Chinese automakers and foreign ownership risks

The US Senate Commerce Committee has approved legislation aimed at tightening restrictions on Chinese automotive companies operating in the American market, a move that could also affect global carmakers with significant Chinese ownership ties. The proposed measure seeks to strengthen existing limits on Chinese automakers and related entities,......

China braces for heavier flooding as peak rainy season intensifies across northern regions

Chinese authorities are preparing for an intensified flood season as meteorologists warn that extreme rainfall is expected to become more frequent and more intense from late July through early August, particularly across northern China. Weather experts say the country has entered its annual peak flood-control period, with forecasts indicating......

Canada calls for Middle East ceasefire and warns over South China Sea tensions

Canada has called for renewed efforts to reduce tensions in the Middle East and achieve a lasting ceasefire, while also expressing concern over recent maritime confrontations in the South China Sea, Foreign Minister Anita Anand said during diplomatic meetings in Manila. Speaking on the sidelines of the Association of Southeast Asian Nations......

Australia warns Asia faces critical choice over response to South China Sea tensions

Australia's Foreign Minister Penny Wong has warned that countries across Asia face a strategic choice in how they respond to what Canberra describes as increasingly concerning behavior in the South China Sea, highlighting renewed tensions over maritime security in the region. Speaking on the sidelines of the Association of Southeast Asian......

Volkswagen expands China autonomous driving alliance with Horizon Robotics

Volkswagen is strengthening its autonomous driving strategy in China by expanding the collaboration between its local automated driving unit, CARIZON, and Chinese technology company Horizon Robotics. The enhanced partnership is designed to accelerate the development of next-generation artificial intelligence systems for intelligent vehicles......

China and the Philippines face renewed tensions over the South China Sea

Tensions between China and the Philippines have intensified following a new maritime confrontation in the South China Sea, bringing the long-running territorial dispute back into focus as Southeast Asian foreign ministers meet in Manila. The latest incident reportedly occurred near Second Thomas Shoal, a contested feature in the Spratly Islands.......

China’s car market faces its weakest year since 2021 as demand slows

China’s passenger car market is heading toward a difficult year as weakening consumer demand and intensifying competition put pressure on sales. Recent figures suggest that 2026 could become the sector’s weakest year since 2021, following a period of strong growth and record sales in the previous year. Passenger vehicle sales......

Taiwan indicts former TSMC employee over alleged theft of semiconductor trade secrets for China use

Taiwanese prosecutors have indicted a former employee of Taiwan Semiconductor Manufacturing Company (TSMC) over allegations of stealing sensitive semiconductor trade secrets that could have been used in China. The case highlights growing concerns over the protection of advanced chip technology as competition intensifies between Taiwan, China......

OPPO Embraces Artificial Intelligence and Premium Design with the New Enco Clip2

The open-ear headphone segment continues to upscale. With the launch of the Enco Clip2, OPPO is not just expanding its audio catalog: the Chinese manufacturer aims to strengthen its position in a market where design, artificial intelligence, and user experience are becoming major differentiating factors. The result of a collaboration with......

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