Shein turns to Hong Kong for flotation as London attempt stalls, reports say

Fast-fashion retailer struggling to gain go-ahead from Chinese regulators for UK listing

Shein is reportedly aiming to list on the Hong Kong stock exchange as the online fast-fashion retailer struggles to gain the go-ahead from Chinese regulators for a flotation in London.

The company, which was founded in China where the majority of its suppliers are based but now has its headquarters in Singapore, is aiming to file a draft prospectus with Hong Kong’s stock exchange in the coming weeks, according to Reuters.

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Trump indicates ‘positive’ progress in US-EU trade talks

Wall Street up in early trading after US president commends bloc for calling to ‘quickly establish meeting dates’

Donald Trump has indicated there has been progress in US trade talks with the EU, helping send share prices rising on Wall Street, after he commended the bloc for calling to “quickly establish meeting dates”.

“I have just been informed that the EU has called to quickly establish meeting dates. This is a positive event, and I hope that they will,” Trump wrote on his Truth Social platform on Tuesday, saying the EU would be “very happy and successful” if it agreed a deal.

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Poorest 750 nations face ‘tidal wave’ of debt repayments to China in 2025, study warns

Vulnerable countries to pay record $22bn this year, mostly relating to loans issued under Xi Jinping’s belt and road initiative

The most vulnerable nations on Earth are facing a “tidal wave” of debt repayments as a Chinese lending boom starts to be called in, a new report has warned.

The analysis, published on Tuesday by Australian foreign policy thinktank the Lowy Institute, said that in 2025 the poorest 75 countries were on the hook for record high debt repayments US$22bn to China. The 75 nations’ debt formed the bulk of the total $35bn calculated by Lowy for 2025.

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Academic with apparent ties to Beijing has forged links within UK parliament

Exclusive: Prof Yu Xiong, who has met king and queen and attended House of Lords events, apparently linked to CCP influence group

An academic with apparent connections to the Chinese Communist party has forged links inside the UK parliament and met King Charles and Queen Camilla.

Yu Xiong, a professor of business analytics at the University of Surrey and a cryptocurrency entrepreneur, has attended a dozen events in the House of Lords since 2022 and had regular contact with peers including Baroness Uddin, a cross-bencher.

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‘Alarming’ rise in regional internet censorship in China, study finds

Tens of millions of internet users in China’s Henan denied access to five times more websites than usual

China’s authorities appear to have implemented an enhanced version of the country’s internet censorship regime in the central province of Henan, subjecting tens of millions of residents to even stricter controls on access to information than people in the rest of the country.

A research paper published this month by Great Firewall Report, an internet censorship monitoring platform, found that internet users in Henan, one of China’s most populous provinces, were, on average, denied access to five times more websites than a typical Chinese internet user between November 2023 and March 2025.

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Trump threatens 25% tariff on Apple and Samsung phones not made in US

Announcement wipes about $70bn off Apple shares amid pressure on company to build smartphones in US

Donald Trump has threatened to impose a 25% tariff on iPhones if they are not made in the United States, as he stepped up the pressure on Apple to build its signature product in the country.

The president wiped approximately $70bn (£52bn) off the company’s shares with a post on the Truth Social platform that said iPhones sold inside the US must be made within the country’s borders.

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World’s seven wealthiest countries agree to counter China’s trade practices

G7 finance ministers and central bank governors pledge to address ‘economic imbalances’, without naming China

Top finance officials from the world’s seven wealthiest democracies have set aside stark differences on US tariffs and agreed to counter global “economic imbalances”, a swipe at China’s trade practices.

Ahead of the meeting of G7 finance ministers and central bank governors there had been doubt about whether there would be a final communique, given divisions over US tariffs and Washington’s reluctance to refer to Russia’s war on Ukraine as illegal.

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Hong Kong authorities trying to disrupt independent press with ‘strange’ tax audits

Inland revenue targets eight outlets, union, 20 journalists and their families with supposed ‘random’ checks

Hong Kong authorities have targeted journalists and media outlets with what are supposed to be “random” tax audits, in a move the industry union says adds pressure to waning press freedoms.

The head of the Hong Kong Journalists Association, Selina Cheng, detailed what she said were “strange” and “unreasonable” accusations by Hong Kong’s inland revenue department. Requests or audits were made against the association, at least eight independent media outlets, and at least 20 journalists and their family members, including Cheng and her parents, she said at a press conference on Wednesday.

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Former prisoners and hostages urge Starmer to secure release of Jimmy Lai

Call for UK PM to act urgently over pro-democracy campaigner who has spent 1,602 days in solitary confinement

Former prisoners and hostages wrongly held abroad have urged the UK prime minister to urgently secure the release of the pro-democracy campaigner Jimmy Lai before he dies in a Hong Kong jail.

The 77-year-old media mogul, who is a British citizen, has been held in solitary confinement for 1,602 days and his family fears he might not survive another summer in Hong Kong, where temperatures can reach 40C (104F).

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US chip export controls are a ‘failure’ because they spur Chinese development, Nvidia boss says

Comments from Jensen Huang come as Beijing accuses the US of ‘bullying and protectionism’

US chip exports controls have been a “failure”, the head of Nvidia, Jensen Huang, told a tech forum on Wednesday, as the Chinese government separately slammed US warnings to other countries against using Chinese tech.

Successive US administrations have imposed restrictions on the sale of hi-tech AI chips to China, in an effort to curb China’s military advancement and protect US dominance of the AI industry. But Huang told the Computex tech forum in Taipei that the controls had instead spurred on Chinese developers.

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Reeves eyes Gulf trade pact as ‘next deal,’ Bank of England’s Pill says pace of interest rate cuts ‘too rapid’ – as it happened

China and Australia cut interest rates; Shell faces protests calling for clean-up in Niger Delta

Here’s our full story on Greggs.

Sales at Greggs have picked up after the UK’s biggest bakery chain branched out into iced drinks, pizza boxes and a macaroni cheese that has gone viral on social media.

These are important issues and we respect the right of people to express their view. But for many years the vast majority of spills in the Niger Delta have been caused by third parties acting unlawfully, such as oil thieves who drill holes in pipelines, or saboteurs.

These challenges are managed by a joint venture which Shell’s former Nigerian subsidiary, SPDC, operated, cleaning up every spill from the joint venture’s facilities.

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Nissan open to making cars for Chinese partner in Sunderland, says CEO

Ivan Espinosa says UK plant will not be hit by cost cuts as Japanese firm reveals seven factories to close

Nissan’s new chief executive has said the Japanese carmaker would be open to building cars for a Chinese partner at its factory in Sunderland after he confirmed it would not be closed in a round of deep cost cuts.

This week Nissan revealed plans to close seven factories and cut 20,000 jobs after sustaining heavy losses.

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Sperm donor who claims he fathered more than 180 children loses custody battle

UK judge rejects Robert Albon’s application for parental right of three-year-old girl he had with woman in Durham

An unregistered sperm donor who says he has fathered more than 180 children has failed to gain custody of a three-year-old child he had with a Durham woman, who said she was left “broken” and “suicidal” by their encounter.

Robert Albon, who goes by the pseudonym “Joe Donor” and has appeared on This Morning and in a Channel 4 documentary, applied to have the girl live with him after a court deemed her mother was unable to look after her.

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‘Tears blur my vision’: Australian writer jailed in Beijing thanks Albanese for support in emotional letter

Yang Hengjun writes he can ‘only use a silent voice to thank you and all the people who care for and love me’

Jailed Chinese-Australian academic Yang Hengjun has written to Anthony Albanese from his prison cell in Beijing, thanking him for repeatedly expressing Australia’s “grave concerns” about his deteriorating health to Chinese officials.

Yang, who was given a suspended death sentence by a Chinese court in February 2024 after already serving five years in detention on espionage charges that he denies, told the prime minister “words are now failing me”.

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China issues warning to UK over terms of US trade deal

UK accused of aligning with US in move that could compel firms to exclude Chinese products from supply chains

China has warned the UK over its new trade deal with the US, accusing Britain of aligning with the US in a move that could compel British companies to exclude Chinese products from their supply chains.

The UK-US trade deal, signed last week, offers Britain limited relief from US tariffs on car and steel exports, but only if it complies with strict American security requirements. These conditions include scrutinising supply chains and ownership structures – a move widely interpreted as targeting Chinese involvement.

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China cautiously welcomes pause in US tariff war

State media editorial says talks mark ‘step toward resolving differences’ but Xi again criticises US ‘bullying’

A 90-day pause in the US-China tariff war has been cautiously welcomed in China but tensions remain high, with Xi Jinping again accusing the US of “bullying”.

After two days of talks between officials in Geneva over the weekend, China and the US agreed to substantially lower for the next 90 days the high tariffs each had imposed on the other in a tit-for-tat trade war.

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Brazil’s president seeks ‘indestructible’ links with China amid Trump trade war

Remark comes as Brazil, Colombia and Chile’s leaders fly to Beijing amid international uncertainty generated by Trump

The Brazilian president, Luiz Inácio Lula da Silva, has heralded his desire to build “indestructible” relations with China, as the leaders of three of Latin America’s biggest economies flew to Beijing against the backdrop of Donald Trump’s trade war and the profound international uncertainty his presidency has generated.

Lula touched down in China’s capital on Sunday for a four-day state visit, accompanied by 11 ministers, top politicians and a delegation of more than 150 business leaders.

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Taiwan ex-president Tsai Ing-wen to visit UK as China ratchets up threats against Taipei

Former leader had been due to visit in October but trip was cancelled when it coincided with David Lammy’s trip to Beijing

Former Taiwan President Tsai Ing-wen will visit Britain this week at the invitation of British politicians, a trip that comes as London is trying to improve ties with Beijing and China ramps up efforts to diplomatically isolate the island.

Britain, like most countries, has no official diplomatic ties with Taiwan, but the economic and political exchanges between the two sides have increased as Beijing ratchets up military threats to force Taipei to accept its sovereignty claim over the democratic island.

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Potential role for Chinese firm in key UK windfarm attracts government scrutiny

Exclusive: Decision on whether to work with turbine maker being overseen by ministers after British Steel rescue

Ministers are weighing up proposals for a Chinese company to supply wind turbines for a major offshore windfarm in the North Sea.

The government is in discussions with Green Volt North Sea over whether Mingyang, China’s biggest offshore wind company, should supply the wind turbines. Mingyang has emerged as the preferred manufacturer, but the company has sought advice from ministers on whether to proceed.

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‘Substantial progress’ at US-China trade talks, says Scott Bessent

US treasury secretary’s remarks on second day of meetings come after Trump hails ‘total reset’ in America-China ties

The US treasury secretary Scott Bessent has reported “substantial progress” in talks with China’s top economic officials to avoid a damaging trade war, but offered no details of an agreement reached as two days of negotiations wrapped up in Geneva.

Bessent said that details would be announced on Monday and that Donald Trump was fully aware of the results of the “productive talks”.

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