12 h. ago Audio captures Virgin pilot's nervous question before Chinese warship opens fire

The chilling audio sheds light on the exact moment a Virgin Australia pilot found out they would be flying past the danger zone where a Chinese warship was opening live fire - with almost no warning.

Events

49 h. ago California fires LIVE: Homes destroyed in Chinese Camp and other communities

Communities in California, such as Chinese Camp and Vallecito, have been ravaged by wildfires, which have also threatened to cause damage to properties in Hollywood Hills

Society

49 h. ago California fires LIVE: Chinese Camp and other communities ravaged by wildfires

Communities in California, such as Chinese Camp and Vallecito, have been ravaged by wildfires, which have also threatened to cause damage to properties in Hollywood Hills

Events

7 d. ago Tesla sales in Europe slump 40% as BYD new car registrations more than triple

Electric car business run by Elon Musk continues to lose ground to Chinese rival despite recent revamp of Model YBusiness live – latest updatesTesla sales slumped 40% across Europe in July compared with a year earlier, as the electric car company run by Elon Musk faces increasingly tough competition from its Chinese rival BYD.There were 8,837 sales of Tesla cars last month across the EU, the European Free Trade Association and the UK, according to figures from the European Automobile Manufacturers’ Association (ACEA). That compared with 14,769 at the same point last year. Continue reading...

Politics

2 w. ago Shein mulls China return for Hong Kong listing after London IPO stalls

Fast-fashion retailer considered £50bn float in London but has not received backing from Chinese authoritiesBusiness live – latest updatesThe online fast-fashion retailer Shein is understood to be considering moving its base back to China from Singapore in a move expected to pave the way for a Hong Kong listing rather than a UK one.The business, which was founded in China and moved its headquarters to Singapore in 2022, had been considering a £50bn float in London after failing to win approval from regulators in the US for a New York flotation. Continue reading...

Politics

2 w. ago Chinese economy slows as Trump tariffs bite; FTSE 100 on track to hit new record

Rolling coverage of the latest economic and financial newsThe owner of Kingsmill has agreed to buy its rival bakery business Hovis, in a deal that could make the biggest bread brand in the country if it gets the green light from regulators.Associated British Foods, a FTSE 100 company which also owns the retailer Primark, has agreed to buy Hovis from the private equity firm Endless.This transaction will create a UK bakeries business that is both profitable and sustainable over the long term. Supporting the Hovis and Kingsmill brands with well-invested and efficient operations will also enable innovation and growth. This solution will create value for shareholders, provide greater choice for consumers and increase efficiencies for customers.Firms may be running on existing capacity rather than building new plants The July industrial value-add breakdown tells a more nuanced story than the weak fixed asset investment headline. Continue reading...

Politics

3 w. ago New Zealand and Australia seek closer military ties following Chinese live

New Zealand and Australia are discussing closer military cooperation following recent Chinese military exercises near their shores

Events