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Subscribe to enjoy similar stories. URUMQI, China—About a decade ago, some Western companies answered Beijing’s calls to invest in Xinjiang, an underdeveloped region in the country’s remote west. Some were drawn by the natural resources there.

Subscribe to enjoy similar stories. President Trump has launched an unprecedented challenge to a geopolitical order that has prevailed for decades. One potential victim: the U.S.

Subscribe to enjoy similar stories. Where is a Toyota Camry or iPhone made? There is a label that identifies the country in which the final product assembly takes place, but it says nothing about where the product is actually ‘made.’ It is unable to do so because for goods that have inputs (material or intellectual) that are traded across international borders, the answer is never a single country.

A preliminary March survey of consumers showed sentiment sank by more than projected, while long-term inflation expectations jumped as the Trump administration pushes forward with higher duties on foreign goods just as price pressures showed signs of easing. Meanwhile, the UK economy shrank unexpectedly at the start of the year on weaker manufacturing and construction. In China, the economy remains hamstrung by persistent deflation.

Skoda Auto's India unit is targeting 2026 sales of more than 100,000 vehicles, which will be more than twice its annual sales in recent years. That number may still seem small when compared with the sales volume of Maruti Suzuki, the local market leader that sells one and a half times as many cars and SUVs each month in India. But in a market where European automakers have long been pushed to the sidelines by their Japanese, Korean and local rivals, the Skoda target is a formidable one. Skoda and other European mass-market brands like Volkswagen, Renault and Citroen are trying to carve out a space for themselves in the crowded but fast-growing Indian market through strategic positioning and niche offerings with premium features, latest technology and competitive pricing. «The Indian automotive landscape is experiencing nuanced shifts, even with Japanese brands holding a strong lead. These shifts signal growing opportunities for global players to respond to evolving consumer preferences,» said Ravi Bhatia, president at Jato Dynamics.

A Japanese rock band opened for a German post-punk trio followed by an alternative group from New Zealand. And that was just day one at the New Colossus Festival, held last week. The six-day event takes its name from the poem cast on the Statue of Liberty, viewed as a welcome message for new immigrants: «Give me your tired, your poor, Your huddled masses....»

Diplomats from three countries said they believed they were 99 per cent of the way toward completing a joint statement that would reflect the group's positions. «There is a great deal of unity within the G7,» Canadian Foreign Minister Melanie Joly said Friday. «We talked about many different things.… We support the US proposal for a ceasefire, which is supported by the Ukrainians, and we are waiting for the Russian response.» British Foreign Secretary David Lammy said the group arrived at common positions on Ukraine, the Middle East, wars in Africa and Chinese activity in the South China Sea.

Meeting at a rustic hotel in rural Quebec, G7 foreign ministers also backed Ukraine's fight for its «territorial integrity» and spoke of Russia's «aggression,» terminology earlier eschewed by Trump as he reached out to Moscow. The consensus on Ukraine came despite mounting tension within the G7 — Britain, Canada, France, Germany, Italy, Japan and the United States as Trump slaps punishing tariffs on allies and questions the very sovereignty of host Canada. A G7 statement backed a US-led call for a 30-day truce embraced by Ukraine and «called for Russia to reciprocate by agreeing to a ceasefire on equal terms and implementing it fully.» «They discussed imposing further costs on Russia in case such a ceasefire is not agreed, including through further sanctions, caps on oil prices, as well as additional support for Ukraine, and other means,» such as using frozen Russian assets.

Subscribe to enjoy similar stories. A massive military buildup across Europe could achieve what governments have failed to do in years: jump-start a sluggish economy, seed new innovations and create new industries. Countries from the U.K.

The premium carmaker expects its earnings margin for cars to be 5-7% in 2025, below an LSEG consensus estimate of 7.3%, dragged down one percentage point by the impact of tariffs already imposed by March 12.

G7 nations were set to negotiate late into the night over a joint statement to show a united front in Canada on Thursday after weeks of tension between U.S. allies and President Donald Trump over his upending of Western trade and security policy. The Group of Seven ministers from Britain, Canada, France, Germany, Italy, Japan and the United States, along with the European Union, convened in the remote tourist town of La Malbaie, nestled in the Quebec hills, for meetings on Thursday and Friday that in the past have been broadly consensual. U.S. Secretary of State Marco Rubio briefed his colleagues on talks on Tuesday with Ukraine in Jeddah, Saudi Arabia, where Kyiv said it was ready to support a 30-day ceasefire deal. But officials said ambiguous comments by Russian President Vladimir Putin left delegates unclear where things stood. In the run-up to the first G7 meeting of Canada's presidency, the crafting of an agreed all-encompassing final statement had been tough, but diplomats said the atmosphere since had been positive and candid.

Donald Trump is the archetypal tyrant. What occurred at the Oval Office between Trump and Zelenskyy belongs to the playbook of one that many Trump supporters hold in high regard. In 1938, Austrian chancellor Kurt Schuschnigg was summoned by Hitler for a meeting that ended with Hitler hectoring his Austrian counterpart and serving him an ultimatum in the presence of high-ranking German generals. Schuschnigg returned home without acquiescing to any demands. Eventually, he was forced to resign and arrested. The Anschluss began and history followed its course. Trump is unlikely to follow this playbook to the bitter end. He's only interested in a deal that offers Ukraine US support in exchange for rare earth deposits. But he continues to cajole and threaten Putin and Zelenskyy to succeed as a mediator of peace.

Subscribe to enjoy similar stories. Europe’s industrial production recovered at the start of a year that could see the beginnings of new investment and a new dawn for the beleaguered manufacturing sector. In the 20-member eurozone, industrial output was 0.8% higher in January than a month earlier.

Schengen visa, there are steps you can take to improve your chances. Here’s what you need to know:

shares were largely unchanged on Thursday as investors took a step back to assess the ramifications of U.S. President Donald Trump's wavering tariff announcements on global trade relations. The pan-European STOXX 600 was down 0.06% as of 0813 GMT, after closing 0.8% higher on Wednesday due to optimism from hopes of a ceasefire in Ukraine and a cooler-than-expected U.S. inflation report.

It comes as US President Donald Trump's increasingly hostile stance towards traditional European allies has shaken faith in US commitment to the continent's security. Here's what Germany's armed forces — the Bundeswehr — are thought to need, and how they might get it: — What is the state of the Bundeswehr? - Germany cashed in a so-called «peace dividend» after the Cold War. Like other Western countries, it reduced the size of its armed forces and directed more spending to areas like welfare.

Donald Trump has warned his Russian counterpart of «doing things» if the nation refuses for a ceasefire deal with Ukraine. He suggested that financial measures could be used to pressure Moscow but emphasised his priority was achieving peace. While responding to the question about pressuring Russia, Trump said, «I can do things financially, that would be very bad for Russia. I don't want to do that because I want to get peace.» He has said that a ceasefire in Ukraine would benefit Russia but warned of potential downsides, without providing further details. According to Reuters, Trump confirmed that US officials were set to visit Russia to discuss a proposed 30-day halt in hostilities and the possibility of peace talks. After extensive discussions in Saudi Arabia, Ukraine agreed to a ceasefire, leaving the next move to Russia. «Hopefully we can get a ceasefire from Russia,» Trump told reporters in the Oval Office, adding that he had received positive signals but remained cautious about the situation. The Kremlin, meanwhile, stated that it was awaiting details from Washington before responding to the proposal.

Global trade is forecast to grow, albeit less robustly, as the world reacts to U.S. President Donald Trump's tariff policies, Germany's DHL Group CEO Tobias Meyer told Reuters on Wednesday. «That outlook is mainly based on the 75% of global trade that does not touch the U.S.,» said Meyer, who noted that segment is seeing positive momentum. The global goods trade is expected to expand at a compound annual rate of 3.1% from 2024 to 2029, a modestly faster pace than during the preceding decade, according to the DHL Trade Atlas 2025 prepared by delivery firm and New York University's Stern School of Business.

Subscribe to enjoy similar stories. A blockbuster diabetes drug will soon be available to Indian patients at a tenth of its cost, as its patent expires. At least four Indian generics players have launched cheaper variants of the drug, which is used to treat type-2 diabetes as well as heart and kidney ailments.

The European Union launched countermeasures on Wednesday against new U.S. metals tariffs, with plans to impose its own duties on up to €26 billion (US$28.3 billion) worth of American goods.

Robert Kiyosaki of 'Rich Dad Poor Dad' fame has sounded an alarm on the ongoing stock market correction warning investors that the «crash» could be the biggest in the history of US markets and could surpass the one seen in 1929 which led to the Great Depression. On Tuesday, Kiyosaki tweeted, «THE EVERYTHING BUBBLE is bursting. I am afraid this crash may be the biggest in history. Germany, Japan, and America have been the engines up to now. Unfortunately our incompetent leaders led us into a trap….giant crash. I wrote about this crash in my book RICH DAD’s PROPHECY. This crash is going to be bigger than the 1929 Crssh…. A crash that led to the Great Depression».