EU POLICY ON CHINESE CARS
Who is Wanying Zhang? FBI arrests California woman for spying for China, surveilling Taiwan President’s son
Wanying Zhang, a 34-year-old from Irvine, was taken into custody for allegedly spying on Lai Ting-yu, the son of Taiwan's president, under instigation from Chinese authorities. Reportedly gathering photos and information discreetly, Zhang failed to register as a foreign agent. Her arrest occurred at Los Angeles International Airport while she was about to board a flight to Shanghai, highlighting escalating global concerns over espionage activities.
Honda targets 20% cost cuts, faster car development in India with Tata Technologies: Report
Honda Motor aims to decrease costs and development times by outsourcing vehicle production to Tata Technologies in India. The partnership is expected to lead to significant savings of up to 20% and shorter development timelines. Honda is currently facing financial pressures and is shifting focus toward hybrids and cost-cutting measures. The first vehicle under this collaboration is a small SUV targeted for launch in 2028.
EU, China to hold Beijing talks this week to avert trade war
EU trade chief Maros Sefcovic is set to visit Beijing for crucial discussions regarding trade relations. As European leaders express concerns about unfair competition from Chinese industries, a potential trade war looms. The EU aims to reduce its significant trade deficit with China, which reached around 360 billion euros last year. Sefcovic seeks action on export surges from China and plans to enhance EU's trade defense measures.
UK weighs tariffs on Chinese EVs amid ‘dumping’ concerns: Report
Britain is contemplating the implementation of tariffs on Chinese electric vehicle imports in the near future. This consideration arises from concerns regarding the potential flooding of the market with state-subsidised vehicles. Business Minister Jonathan Reynolds is preparing a package of potential tariffs for Chinese vehicle imports. British officials are eager to align their strategy with the European Union to protect the national car industry.
Owner denied insurance claim after car catches fire from a puncture on highway, insurer ordered to pay Rs 70.75 lakh
A car owner whose vehicle caught fire after being parked on a highway following a tyre puncture was denied an insurance claim over the vehicle being left unattended. A consumer commission rejected the insurer's reasoning and ordered a full payout along with interest and compensation.
India goes FTA shopping at G20 as Piyush Goyal works the room with a cart full of trade deals
India's Commerce Minister Piyush Goyal is actively engaged in negotiations for several trade agreements at the G20 meeting. Talks with the US include an interim pact and finalizing issues for a broader agreement. Discussions with Canada aim to conclude a Comprehensive Economic Partnership Agreement by the end of 2026. Existing trade agreements with the UK and Australia are also under review for their implementation and effectiveness.
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China launches anti-dumping probe into chemical compound p-nitrotoluene from the EU
China has launched an anti-dumping investigation regarding p-nitrotoluene imports from the European Union due to trade tensions. This investigation follows a complaint from the domestic industry in China about pricing practices for this chemical compound. Preliminary evidence indicates that EU prices dropped significantly over the past few years, raising concerns among Chinese manufacturers. Trade officials from the European Union plan to visit Beijing shortly to discuss these issues further.
Piyush Goyal, US trade envoy Greer discuss early conclusion of India-US interim trade deal
Commerce Minister Piyush Goyal held a “productive discussion” with US Trade Representative Jamieson Greer on early conclusion of a mutually beneficial interim trade agreement between India and the US. The meeting came alongside PM Narendra Modi’s conversation with President Donald Trump and Goyal’s participation in the G20 trade ministers’ meeting.
October Chinese Horoscope 2026: Every animal sign gets one moment that could change everything
The Monthly Chinese Horoscope opens with Fire Rooster energy. On October 8, the energy shifts to the Earth Dog. The first week of the month is especially suited to making plans and getting things organized.
India's motor car exports witnessing healthy growth in EFTA market: Piyush Goyal
India's exports of motor cars and heavy waters have seen significant growth since the trade agreement implementation. The trade and economic partnership agreement with EFTA has created market access for the majority of India's exports. The EFTA countries have committed to invest USD 100 billion in India over 15 years.
ACKO launches three products across motor, health and travel
Digital insurer ACKO has rolled out three innovative offerings designed for motor insurance, healthcare, and travel needs. The DriveCam is a cutting-edge dashcam that captures driving footage, boosting safety and providing critical evidence. ACKO Clinic enables Bengaluru residents to access healthcare services, including doctor consultations and health check-ups. Meanwhile, AirPass is a travel subscription service that assists domestic flyers in handling delays and cancellations, aiming to proactively engage customers.
Piyush Goyal meets EU Trade Commissioner, discusses progress on signing FTA
In a significant meeting, Commerce Minister Piyush Goyal engaged with European Trade Commissioner Maros Sefcovic to review the status of the India-EU Free Trade Agreement. Following discussions at the G20 Trade Ministers' gathering, they emphasized the anticipated signing of this agreement by year-end, which seeks to boost market access and diminish trade barriers, facilitating yearly trade exceeding 180 billion euros between India and the EU.
Chinese hackers impersonated ex-US official to steal emails from AI experts
In a report, Proofpoint said that it had watched the hackers - which it dubs "TA419" - regularly try to steal passwords from people working for US or Japanese think tanks, defense contractors, universities, and law firms since as far back as 2025.
Senate punts bill to permanently ban Chinese cars until after midterm elections
Legislation aiming to permanently prohibit Chinese vehicles and technology from entering the U.S. market is currently stalled. Senators are negotiating to address concerns raised by a Republican senator regarding foreign ownership stakes. The proposed bill seeks to protect American automakers from subsidized Chinese competition and prevent data privacy risks. Supporters of the bill anticipate revisiting this matter after the upcoming November elections.
Andy Burnham wants UK to consider EU re-entry
"We could stay as we are. That's definitely an option, if people think this is the right place to stay," Burnham said, listing certain options including one to "go all the way". It is not clear how Burnham will canvass opinion on the EU, but he said in his conference speech that he would "take the opportunity around the summit to lay out to you, to lay out to the country, what I believe the different options are".
Google asks EU court to suspend order to open up to AI chatbots, search engine rivals
The company, which on Tuesday took the European Commission to court over the order, said it also applied for an interim measure at the Luxembourg General Court, Europe's second-highest court.
Global Market: Chinese stocks struggle near one-year lows as policy support disappoints
Chinese blue-chip stocks stayed near one-year lows despite Beijing’s latest credit, mortgage and investment support measures. The CSI 300 was headed for its steepest quarterly decline since 2022, while property and technology shares remained under pressure. Weak domestic demand, subdued trading ahead of the holiday and limited investor confidence continued to weigh on markets.
Man left BMW on highway after puncture, found it burnt next morning; insurer denied Rs 70 lakh claim; he fights back and wins claim money with 7% interest
According to the insurer, the BMW owner made multiple policy violations. Specifically, he failed to immediately notify the police and the insurer in writing, and “breached Condition No. 4 by leaving the vehicle unattended on the road without taking proper precautions to prevent further loss.” Despite this, how did the policyholder won the case? Read on to know.
US to factor trade-deal tariff caps into new duties on excess capacity
US Trade Representative Jamieson Greer emphasized the administration's focus on tariff caps during ongoing investigations. Excess industrial capacity, especially in China, remains a key concern for the US government. Greer indicated that trade agreements play a significant role in managing these issues effectively. The Group of 20 is also addressing China's production policies and seeking reforms through collaboration.
Ford CEO Jim Farley strikes cautious note on Chinese automakers, says Europe is 'too late'
Ford's CEO Jim Farley urged careful consideration of how Chinese automakers enter the US market and warned against potential negative impacts. He cited Europe's experience as a cautionary example, indicating that it's already problematic there. Although Ford seeks partnerships with some Chinese companies for capital efficiency, it also plans to compete against them directly.
China rolls out new measures to bolster its property sector and economy
China rolled out new measures to help its sluggish property sector amid rising pressure to hit the government's year-end growth goal. China's central bank, the People's Bank of China is lowing its interest rates for its pledged supplementary lending (PSL). The central bank will also increase the quota of relending for technological innovation by 200 billion yuan (about $30 billion) to a total of 1.4 trillion yuan ($208 billion). Chinese leaders are targeting a 4.5%-5% growth rate for the country's economy for the entirety of 2026.
EU should use Google fines to cut member state contributions to budget, France says
The European Union should use the proceeds of the billions of euros in fines imposed on Google to reduce the contribution of member states to the EU budget, France's Europe
India needs its own criticality assessment framework for critical minerals
India cannot risk its industrial ambitions and environmental commitments by having a static framework, particularly when the global order is fragmenting and protectionism is rising.
India’s bid to keep carbon cash home as Europe adds a new trade cost
India’s exporters face new carbon costs under the EU’s CBAM, which took effect in January 2026. For carbon-intensive industries such as steel and aluminium, this could pressure export competitiveness, prompting India to build a domestic carbon market and invest in cleaner technologies.
China's manufacturing scale shows the path to first-world status
Insights from a Chinese factory reveal striking contrasts in wages and car ownership between India and China. China's triumph in manufacturing shines through its extensive production capacities across diverse industries. The article underscores the necessity of cultivating core sectors like steel and machinery for robust economic development. Additionally, local tech firms have flourished in the absence of foreign rivalry, offering distinctive products.
European Union vows to defend its stand against X after the US backs a court challenge from Elon Musk
The European Union imposed a significant fine on social media platform X for regulatory violations. Following this, the U.S. government expressed support for Musk's legal efforts to dismiss the fine. The European Commission emphasised its right to enforce legislation aimed at protecting citizens. This situation has escalated tensions between Brussels and Washington regarding regulatory power. Officials from both sides have engaged in discussions about jurisdiction and implications for American companies.
EU urges Britain to raise tariffs on Chinese cars, FT reports
Brussels has informed Prime Minister Burnham about necessary tariff increases on Chinese cars to prevent export issues. The EU indicated that aligning with its trade policy could help mitigate potential barriers. London was suggested to consider joining the EU customs union for a feasible solution. This communication follows lobbying for equal treatment of UK products in the trade landscape.
Europe’s dangerous dependence puts it on Xi and Trump’s menu
Mark Carney's warning emphasizes the need for middle powers like the European Union to assert themselves. Europe faces significant challenges in technology dependence and military capabilities compared to the US and China. Supply-chain resilience and trade imbalances require urgent action for the EU to enhance its bargaining power. Collaboration with Canada and Ukraine presents opportunities for a stronger geopolitical stance.
UK PM Burnham wants 'Made in Europe' plan to involve Britain
Prime Minister Andy Burnham emphasized Britain's role as a 'trusted partner' in the EU's 'Made in Europe' initiative, advocating against exclusion that could harm the UK's vital automotive sector. He highlighted the interdependent UK-EU automotive trade worth €80 billion and urged both sides to collaborate to avoid unnecessary trade barriers.
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