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Proposed anti-subsidy duties are an admission that European companies and governments have been slow to innovate
Kyndryl’s move reflects geopolitical tensions and follows trend of western companies seeking to insulate their Chinese units
Also in this newsletter: Nissan chief on the end of the combustion engine, Hollywood hopes, robot security guards
Signal of willingness to engage as Brussels trade chief Valdis Dombrovskis warns two sides could ‘drift apart’
Most strategies are focusing on ways to insulate China operations rather than reduce them
Valdis Dombrovskis demands greater access for European companies in Financial Times interview
Move to increase engagement follows Treasury secretary Janet Yellen’s visit to Beijing in July
Valdis Dombrovskis will face resistance over EV anti-subsidy probe as he pushes to rebalance €400bn deficit
Agreement follows Kyiv’s rift with Poland, Hungary and Slovakia over unilateral import restrictions
Despite the shouty rhetoric, economic symbiosis remains strong, benefiting consumers on both sides
Commissioner Valdis Dombrovskis’ visit comes as Brussels opens anti-subsidy probe into electric vehicles
The advances in domestic chipmaking suggest western controls will be far from watertight
A wide range of cyber defences are needed to protect national infrastructure
Business group says concerns Europe’s automotive sector could be swamped are ‘understandable’
Resentment is brewing that Brussels’ subsidies probe against Beijing benefits French rivals
Central bank says operations susceptible to trade disruption as foreign minister backs Brussels’ electric vehicle probe
The US and EU believe that it is not just their economies but their social and political stability that are at stake
Jake Sullivan and Wang Yi hold talks as part of effort to stabilise relations between geopolitical rivals
Beijing’s restrictions on government use of Apple products and Huawei’s resurgence pose problems for Tim Cook
Brussels is wary that Beijing could target specific sectors in individual countries of the bloc
Imposing tariffs would not be a straightforward win as it raises the possibility of a trade war
Resorting to protectionist measures is not in Brussels’ long-term interests
Beijing warns anti-subsidies investigation will have negative impact on relations
Beijing’s subsidising of EV manufacturers stokes fears of European rivals being priced out
Foreign shipments boost industry as domestic carmakers struggle to sell at home
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