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The Latest Breaking News from China

US and China reach ‘final deal’ on TikTok sale, treasury secretary says

Scott Bessent said plan was part of framework for trade deal but did not share details on transferring app’s ownership

The Guardian - US

China will make ‘substantial’ purchases of U.S. soybeans and should avoid an extra 100% tariff, says Bessent—who reveals he’s also a farmer

“So I would expect that the threat of the 100% has gone away, as has the threat of the immediate imposition of the Chinese initiating a worldwide export control regime.”

Fortune

US–China reach trade framework that could avert 100% tariffs and pause rare-earth curbs — development comes as Trump and Xi prepare to meet this week

US and Chinese trade negotiators say they’ve reached a framework agreement that, if approved by both governments this week, would roll back proposed 100% tariffs on Chinese imports and pause Beijing’s escalating export restrictions on rare-earth materials.

Tom’s Hardware

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China's ByteDance reportedly building a Steam competitor — 'GameTop' for overseas markets will distribute and publish games like any other store, while harboring a social space with AI-assisted creator tools

ByteDance, the company behind TikTok, is reportedly creating its own Steam competitor targeted at global markets. Dubbed "GameTop," the new storefront is said to carry social features, AI-assisted creator tools, and the typical publishing/distribution that other stores like Epic Games also have. Recruitment has already begun in China.

Tom’s Hardware

Farm owner Bessent on soybean crisis: "I have felt this pain too"

The Treasury secretary, worth more than $500 million, says the trade war is hurting his own bottom line.

Axios

Consumer Tech News (Oct 20-Oct 24): Elon Musk Warns Against NASA-DOT Move, Apple Faces Antitrust Heat And More

Billionaire and SpaceX CEO Elon Musk has sharply criticized a government official’s reported plan to fold NASA into the Department of Transportation, calling it a threat to the agency’s independence and U.S. space leadership.

Benzinga

Bessent says "framework" deal with China will avoid 100% tariff increase

The news will likely come as a huge relief to both businesses and financial markets.

Axios

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Weekend Tech Round-Up: Disney-Google Dispute, Major AWS Outage, Meta's AI Shake-Up And More…

The tech world was buzzing over the week with a series of intriguing developments. From a potential blackout of Disney-owned networks on YouTube TV to the impressive sales of Apple’s iPhone 17 in China, there was no shortage of news.

Benzinga

Trump sanctions have swift impact but will world stop buying Russian oil and gas?

Analysts say president’s war on Russia’s fossil fuel revenues is a chance to bring peace to Ukraine and profit to US

The Guardian - UK

India and China resume direct flights after five-year freeze as ties thaw

Flights from New Delhi to mainland China will begin in November

The Independent UK

Apple's Legal Woes, iPhone Air Fails To Impress And More: This Week In Appleverse

It’s been a busy week in the world of tech and entertainment. Here’s a roundup of the top Apple stories that you might have missed.

Benzinga

Nexperia's China parent Wingtech declares cash-flow risk despite massive 280% profit surge - car production shutdowns loom as Dutch state tightens grip

Wingtech, the Chinese parent company of Dutch chipmaker Nexperia, has warned investors of a potential cash flow squeeze if it fails to regain operational control of its European subsidiary.

Tom’s Hardware

Elon Musk Says China's Falcon 9 Rival Might Outperform In 5 Years 'If They Are Lucky,' Notes SpaceX Will Be Launching Starship By Then

Elon Musk on Saturday stated that SpaceX's Chinese rival, LandSpace Technology's Zhuque-3 launch vehicle, might outperform the Falcon 9 "if they are lucky," but it could still take a few years.

Benzinga

US-China Trade Talks Signal Possible Trump-Xi Face-To-Face As Rare Earths Export Controls, 100% Tariff Threats Loom

U.S.-China trade discussions in Kuala Lumpur are raising hopes of a direct meeting between President Donald Trump and President Xi Jinping as both sides seek to ease escalating economic tensions.

Benzinga

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Motorsport

F1 2025 qualifying head-to-head: Mexico GP

Here's how things stand in 2025 team-mate duels following qualifying at Formula 1's Mexico Grand Prix.

The Guardian - AU

The world dropped the ball on critical minerals and China pounced. Is it too late for Australia and the US to close the gap?

In the wake of Covid, Russia’s invasion of Ukraine and China’s assertion in global markets, western countries have realised they can’t afford such concentrated supply chains

Fortune

China's rare earth limits may have 'gone too far this time' as trade talks start while U.S. gathers support amid global backlash

"Yet Xi’s latest trade war tactic may be tipping the geostrategic balance back toward the US as companies around the world think better of doing business in China generally."

Benzinga

Von Der Leyen Moves To Shield EU From China On Rare Earths

The European Union is racing to loosen China’s grip on the minerals powering its future.

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The Guardian - US

One year after a historic dam removal, teens inspire river restoration worldwide: ‘It turns out you can win’

The Klamath River began rebounding almost immediately. Now, Indigenous youth are leading the next chapter of the recovery, inspiring tribes from Brazil to China

Euronews

European Union seeks to end dependency on China for rare earths

Through the RESourceEU plan, the European Union seeks to end its reliance on China for its critical raw materials, which are essential for Europe's automotive, defence, Greentech and digital sectors.

Benzinga

China Doesn't Need US Beans: Teucrium MD On Why Soybean ETF Investors Are Staying Bullish

Soybeans are back at the center of the global commodities conversation. Prices have climbed to a one-month high on renewed U.S.–China trade optimism, even as Beijing reportedly halted U.S. soybean purchases for the first time in seven years amid escalating trade tensions.

InsideEVs

Gotion’s Colossal Battery Factory In Michigan Is Dead

The State of Michigan has canceled a giant factory that would have brought cutting-edge battery technology to America.

The Guardian - AU

Trump says he is open to meeting Kim Jong-un as he embarks on whirlwind Asia tour

Trip will see him take part in high-stakes trade talks with Chinese leader Xi Jinping – but he also raised prospect of meeting North Korean leader

AAP

Aussie golf aces battle into women's 'World Cup' semis

Australia have produced another stirring back-nine recovery to book their place in the semi-finals of women's golf's unofficial "World Cup" in South Korea.

The Independent UK

Ukraine-Russia war latest: Trump says no Putin meeting until peace deal is within reach

An intended summit in Budapest between Donald Trump and Vladimir Putin was called off on Wednesday

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