Nvidia hits historic $5tn market cap Tech AI and chips behemoth Nvidia has smashed another record valuation, with its $5tn market cap that puts it well clear of the GDP of Germany – the fourth biggest economy in the world. Shares in Nvidia jumped up 3.5 per cent in premarket trading, amid a surge in investor enthusiasm for AI. Nvidia’s surge followed [...]
US-China tensions heat up as Trump threatens to block cooking oil imports Politics Donald Trump has threatened to cut off all imports of cooking oil from China, in another escalation of the war of words over trade between the world’s two largest economies. Trump said in a post on his Truth Social platform that the latest trade tussle with China over soybeans represents “an Economically Hostile Act”. He [...]
Trump signals TikTok deal as US operations hinge on agreement Tech President Donald Trump has suggested that the United States and China have reached a deal on the future of TikTok, the viral video platform owned by Chinese firm ByteDance. Trump said on his own social media platform, Truth Social, that trade talks in Spain “went very well”, and that a deal was reached regarding “a certain company [...]
How sport could shape Xi Jinping’s next five-year China plan June 25, 2025 It doesn’t feel like that long ago when the world was captivated by 2,008 drummers from China opening the Beijing Olympic Games in perfect harmony. But that was a different China in a different era, and the Sleeping Dragon has been in something of a comatose state since due to a number of factors including [...]
Chinese ‘super-embassy’ by Tower of London nears approval June 22, 2025 A Chinese mega-embassy near the Tower of London is set to be approved by ministers within weeks. The Planning Inspectorate, which decides on major infrastructure projects, has given the scheme the go-ahead in a report sent to Angela Rayner just under a fortnight ago, the Sunday Times reported. It is expected to be formally approved [...]
End in sight for US-China trade war with ‘framework’ announced in London June 11, 2025 The US and China have agreed on a “framework” by which to implement a trade truce after two days of “marathon negotiations” in London. Details from the framework agreed on Tuesday have yet to be released, but US Commerce Secretary Howard Lutnik said it put “meat on the bones” of the Geneva deal, which lowered [...]
Gold tops euro to become central banks’ second favourite reserve asset June 11, 2025 Central banks now hold more gold than euros in the face of global trade tensions and volatile markets, according to a report produced by the European Central Bank (ECB), making it the world’s second largest reserve asset after the US dollar. Purchases of gold were twice as high in 2024 as the average seen over [...]
China and US announce 90-day pause on tariffs May 12, 2025 China and the US have watered down tit-for-tat tariffs in a landmark 90-day pause that represents a de-escalation of their ongoing trade war. Both countries had imposed tariffs of over 100 per cent on one another in the fallout to President Trump’s ‘Liberation Day’ at the beginning of April, causing the UN to suggest that [...]
China escalates fiery trade war with Trump with 125 per cent tariffs April 11, 2025 China has hit back at President Donald Trump as it announced further tariffs of 125 per cent on US goods in further signs that a full-blown trade war could still worsen. The US president refused to offer China a three-month reprieve from tariffs after it quickly retaliated against Trump following Liberation Day. The Chinese finance [...]
Trump threatens 100 per cent tariffs on China April 7, 2025 President Donald Trump has threatened to slap additional 50 per cent tariffs on China if it doesn’t withdraw its retaliatory measures, pushing the possible level of tariffs it faces on exports to the US to over 100 per cent. In a post on Truth Social, the US president said retaliatory Chinese tariffs on US imports [...]