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The Latest Breaking News from China

Chinese victims of convicted 'Bitcoin Queen' may have trouble getting their $7.3 billion back from UK government — lawyers predict a lengthy cross-border ordeal for 130,000 investment scheme victims

"Bitcoin Queen" Qian Zhimin's $7.3 billion stash of cryptocurrency, amassed through the laundering of the stolen funds of 130,000 Chinese victims, has been seized by the UK police. But the victims back in China will face difficulties recovering the money.

Tom’s Hardware

Global markets tumble as Beijing imposes new ban on U.S. shipping. Bessent vows China ‘will be hurt the most’ if it doesn’t surrender

China showed no signs of backing down from President Trump’s trade war.

Fortune

Stock Index Futures Plunge as China Retaliates in U.S. Trade War, Powell’s Speech and Big Bank Earnings Awaited

December S&P 500 E-Mini futures (ESZ25) are down -1.18%, and December Nasdaq 100 E-Mini futures (NQZ25) are down -1.65% this morning as sentiment weakened after China hit back at the U.S. on shipping.

Barchart

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Jeremy Siegel Slams US Rare Earths Shortage As 'Scandalous,' Warns of China's Growing Monopoly: 'Where Were We...'

Veteran economist Jeremy Siegel has called for the establishment of a strategic reserve of rare earth materials in the U.S. to counter China’s dominance in the sector.

Benzinga

Samsung's first trifold phone might actually be heading to the US

Samsung's Galaxy TriFold may launch in the US and UAE, joining China and South Korea for its October debut.

Android Central

How Trump triggered the biggest crypto crash in history

Half a trillion dollars wiped from the market in the latest sell-off, with Trump’s own meme coin hitting a new all-time low

The Independent UK

Reflections from Il Lombardia – Peak Pogačar? Seixas confirms, Vegni says goodbye and 2026 is already underway

The 2025 season is not yet over but the final monument marked a symbolic end to the season

Cycling News

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Exclusive: Flow Engineering raises $23 million Series A led by Sequoia to power hardware’s new era

Flow Engineering has raised a $23 million Series A, led by Sequoia and including the Collisons, Fortune has exclusively learned.

Fortune

'I was scared about finding the space' – Paul Magnier avoids late crash in Tour of Guangxi opener to maintain red-hot winning form

Frenchman powers to 15th victory of the season and looks ahead to more leadership in sprints and the Classics in 2026 alongside Tim Merlier

Cycling News

China's exports of electric vehicles doubled in September as competition at home intensifies

China has reported that its electric vehicle exports doubled in September from a year earlier as its automakers expanded further into overseas markets

The Independent UK

China must reveal full, unredacted London super embassy plans before approval, says minister

Housing Secretary Steve Reed is expected to make a decision on controversial plans for China’s east London new super embassy this month

Evening Standard

'It was not my choice' – Despite back pain resurfacing, Mattias Skjelmose fulfills team duty in leadership role at Tour of Guangxi

'Maybe I do 10 kilometres, maybe I do the whole race, only time will tell' says Dane after making trip over from Il Lombardia DNF to China

Cycling News

Trapped by Tech: Xiaomi's $50,000 EV Power Failure Leaves Driver to Burn Alive in Fiery Crash

A horrifying crash in Chengdu has left a Xiaomi SU7 driver burned alive after the electric doors failed to open. The tragedy raises new concerns about EV safety and Xiaomi's billion-dollar car ambitions.

International Business Times UK

UK's MI5 warns lawmakers of spying threat from China, Russia and Iran

The intelligence agency warned MPs and their staff to look out for spies trying to elicit information from them by blackmail or phishing attacks.

Euronews

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The Guardian - UK

Starmer says he expects debate about ‘full horror’ of what happened in Gaza when media allowed in – as it happened

PM hails Trump’s part in Middle East peace deal but says what matters now is implementation

International Business Times UK

UK Govt Slams Claims It Sabotaged China Spy Case — Did It?

The UK government denies claims it sabotaged a high-profile China spy case after charges against two men were dropped. Critics allege political interference and a cover-up to protect ties with Beijing—fueling demands for transparency and urgent reform of Britain's espionage laws.

Evening Standard

National security considerations ‘paramount’ in Chinese embassy decision – Reed

A decision is expected on October 21, although that could be pushed back with Steve Reed indicating it would come ‘within weeks’.

International Business Times UK

'Don't Forget Me': Viral Video Shows Chinese Girl Mourning Her Dying AI Companion

A viral video from China showing a little girl tearfully saying goodbye to her broken AI robot has sparked emotional and ethical debate online. The clip highlights how human attachment to artificial companions is blurring the lines between empathy and technology in 2025.

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Benzinga

Trump Tariffs Backfire As China Is 'Learning To Live Without Us,' Says Jim Cramer: They've 'Got The Cards'

According to Jim Cramer, China is quickly adapting to the trade challenges posed by President Donald Trump’s tariffs and trade wars, and may now be less reliant on American markets than ever before.

Benzinga

China Sanctions 5 US Subsidiaries Of South Korean Shipmaker Hanwha Ocean Amid Rising Trade Tensions

China has imposed sanctions on five U.S. subsidiaries of South Korean shipbuilder Hanwha Ocean, over their alleged involvement in a U.S. probe into China’s shipping industry.

Cycling News

Paul Magnier sprints to victory on stage 1 of Tour of Guangxi after crash within the final 500m splits bunch

Max Kanter takes second in the Fanchenggang opening stage of final WorldTour race of the season

The Guardian - UK

UK economy at risk of ‘bumpy landing’; JP Morgan’s Dimon warns of ‘more cockroaches’ after collapse of First Brands and Tricolor – as it happened

Rolling coverage of the latest economic and financial news

International Business Times UK

Wall Street Goes to War: JPMorgan's $10B Security Push as Beijing Vows Retaliation Over 100% Tariffs

JPMorgan Chase launches a $10 billion initiative to invest in U.S. industries critical to national security as tensions rise over Trump's 100% tariffs on China.

The Independent UK

China sanctions 5 US units of South Korean shipbuilder Hanwha Ocean over probe by Washington

China's Commerce Ministry says it has banned dealings by Chinese companies with five subsidiaries of South Korean shipbuilder Hanwha Ocean

Euronews

Trump may be the man of the moment abroad but domestic issues continue to plague his administration

The ovations and gushing words of praise he received in Jerusalem is something he seldom seems to receive at home as his administration grapples with a string of domestic problems.

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