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Britain's energy and net zero secretary will head to China this weekend to drum up support for climate commitments, in the first Beijing visit by a UK energy minister since 2017.

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A powerful new AI tool Manus is making waves in China, fuelling hopes that it could replicate the success of DeepSeek, which earlier this year rattled the global tech industry with its state-of-the-art chatbot.

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Volkswagen said Tuesday its profits nosedived in 2024 amid high costs and fierce Chinese competition as the German carmaker geared up for another tricky year navigating an industry transition and global trade tensions. 

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China on Tuesday concluded one of its biggest political events of the year with a call to "struggle unrelentingly" for the country's rise after a conclave dominated by a deepening confrontation with the United States, its largest trading partner.

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Global markets slumped Monday, with Wall Street logging sharp losses over fears that US President Donald Trump's trade policies could tip the world's biggest economy into a recession.