After a “constructive” round of talks ahead of an Aug. 12 deadline, Treasury Secretary Scott Bessent said, “Nothing is agreed until we speak with President Trump.”

China and the European Union have issued a joint call to action on climate change during a tense summit in Beijing.

Chinese leader Xi Jinping urged the European Union to make “the right strategic choice” and enhance cooperation with China, while EU leaders called for a rebalancing of trade ties, as the two sides tackle deep-seated grievances at a tense summit in Beijing.

A joint statement promised new efforts to cut emissions at a time when China is positioning itself as the world’s one-stop shop for clean energy technologies.

European aluminium producers face a threefold challenge: cheap Chinese imports, escalating US tariffs, and Big Tech’s ability to pay high power prices.

A new factory in Hungary will help the Chinese automaker take on auto giants like Volkswagen on their home turf.

HSBC Holdings reported a 26% slide in first-half pretax profit on Wednesday, missing analyst estimates, as impairments from its investment in Bank of Communications and exposure to Hong Kong real estate weighed.

DA WEI is Director of the Center for International Security and Strategy and a Professor in the Department of International Relations at Tsinghua University.