Volkswagen bet on Xpeng to save its China business. It's not going to plan

US orders DeepSeek removed from federal systems, citing national security risks

Citing national security concerns, the US government has ordered federal civilian agencies to remove DeepSeek products and any third-party services developed using the Chinese artificial intelligence model from their information systems. In a notice made public on Monday, the Department of Homeland Security (DHS) also barred agencies from acquiring DeepSeek products and services, including those developed by affiliated entities. The notice said that using the company’s products “may result in...

'Close up your borders!': Trump’s blunt message to Macron after violent France riots, 'I warned him'

US-China AI talks must ensure safety of both tech and business

In New York last month, US-China talks on artificial intelligence opened up a path of cooperation. This was affirmed by the Xi-Trump summit in Washington where both presidents agreed to establish a formal AI dialogue and hotline. With the next AI meeting set to happen in November, it is imperative that both countries further cooperation. The AI ecosystem is in flux. American tech companies are draining their coffers as they commit vast sums to chips, data centres and energy before the revenue...

Asian-Americans’ trust in Trump fading as economic woes increase, survey finds

Asian-Americans are laser-focused on the economy and healthcare costs and increasingly disenchanted with US President Donald Trump and his Republican Party leading into the highly consequential November 3 midterm elections, according to a survey released on Monday. While the general trend among Asian-American and Pacific Islanders (AAPI) mirrors the broader US electorate, the minority community’s views are frequently more pronounced, seen in part because they have been the object of more raids,...

'Prosecuting the case…': Florida issues arrest warrant for Cuba’s ex-President Raul Castro

Trump says he’s open to meeting Xi and Putin in China for nuclear talks

US President Donald Trump said on Monday he was open to a three-way meeting with Chinese President Xi Jinping and Russian President Vladimir Putin during his visit to China next month, with nuclear weapons on the agenda. “We would have it to talk about nuclear weapons and denuclearisation,” Trump told reporters outside the White House before travelling to Kansas. “If President Xi wants to have it, I’d have it.” Trump said the proposed meeting was his suggestion and linked it to his November...

US stocks today: Nasdaq leads Wall Street gains as chip, AI stocks rebound

US stocks ended mixed on Monday, with the Nasdaq leading gains as chip and AI-linked stocks bounced back after last week’s sharp selloff. Investors also tracked corporate earnings and fresh stock-specific moves, while concerns over AI spending and financing remained in focus.

Japan launches spacecraft to mysterious moons of Mars in a bold mission to bring home soil samples

Five of the world’s space agencies joined forces for the five-year mission that will attempt to land a robotic prospector plus a rover on Phobos, the larger and closer of Mars’ two pint-sized moons. The Japan Aerospace Exploration Agency, which is leading the bold sampling effort, launched the spacecraft before dawn from the country's main spaceport on Tanegashima Island.

RBI injects Rs 1 lakh crore as liquidity tightens before festive season

On Monday, the RBI announced a Rs 1-lakh-crore variable rate repo (VRR) auction for the first time since late July after the weighted average call rate (WACR) at 5.67% on Monday, or 17 basis points higher than the repo rate of 5.50%. The central bank will conduct another VRR for Rs 50,000 crore on Wednesday.

China’s flag carrier scrambles to fly stranded passengers out of fuel-starved Cuba

Dozens of Air China passengers stranded in Cuba by successive cancellations were due to fly out on an extra flight on Monday, as a US oil embargo deepens the island’s energy crisis. The disruption has hit one of Cuba’s last direct air links to Europe, the Chinese carrier’s twice-weekly route between Beijing and Havana via Madrid. Air China added flight CA590 for travellers whose regular CA866 service was cancelled before October 10, the Chinese embassy said in a notice on Sunday. The flight was...

Honduras targets Chinese shops, state builder as President Asfura sits on Taiwan pledge

Honduran migration officials have summoned or placed under review 41 Chinese nationals after inspecting shops in the capital and a hospital being built by a state-owned contractor from China in the south of the country. Teams from the National Migration Institute, working with police and intelligence officers, interviewed 86 Chinese citizens at 54 shops in Comayaguela, Tegucigalpa’s twin city and main commercial district, and told 25 of them to report for further document checks. Migration...

China curbs spur push for local manufacturing

India's government will consult stakeholders on measures to mitigate the impact of Chinese export constraints. China recently imposed new restrictions on heavy machinery, such as tunnel boring machines, set to take effect soon. Indian officials assert that there should be no significant slowdown in highway development despite these curbs. The domestic construction industry is becoming increasingly self-sufficient regarding general equipment needs.