World
Bank of America hit with $1.2bn fine for money laundering failings
The bank inadequately flagged transactions linked to potential Chinese money laundering networks, the Treasury said.
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Chinese
Business
Goldman says investors are looking for 'profitable' Chinese business growth overseas
Sluggish consumer demand in China has pushed many companies, such as electric car brands, to accelerate plans for entering other countries.
World
China is bringing its car production to the EU
China has moved from exporting cars to bringing entire auto industry ecosystems, building up production capacity in Europe and boosting partnerships with local companies. Arthur D. Little's automotive expert Philipp Seidel tells FRANCE 24 that while tariffs and quotas can buy time, EU carmakers must improve their own competitiveness and not become too dependent on Chinese suppliers. But first, we look at the latest IMF global growth forecast and warning about rising debt.
Business
Why this little known Chinese chipmaker has caused a global stock rout
China's leading memory chipmaker CXMT has reportedly made progress on new designs.
Business
Visa gets Beijing's green light for bank card business after 40 years of working with China
The incremental approval comes as the U.S. and Chinese presidents are due to meet for a third time this year next month.
World
Paris Motor Show kicks off as China-EU rivalry heats up
The biennial Paris Motor Show kicks off with a record number of Chinese brands descending on the French capital. European carmakers are fighting back, showcasing their latest models, as the EU announces a deal with China to limit the imports of hybrids. FRANCE 24's Charles Pellegrin has been speaking with CEOs of both Chinese and European carmakers.
World
Chinese cars vs Europe: Who will win the battle for the market?
The biennial Paris Motor Show officially opened this Monday in France. Over 200 auto sector brands will be present, rivalling for attention with their latest models and innovations. This competition for attention mirrors the competition for market share. This is especially true between local European brands and Chinese ones which have seen their sales surge on the continent over the past ten years – prompting accusations of unfair competition. Report by Charles Pellegrin, FRANCE 24’s business editor.
World
2026 Paris Motor Show: Western carmakers face steep competition from Chinese rivals
The Paris Motor Show roars into gear this Monday, with over 200 auto sector brands showcasing their latest models and innovations. Chinese brands like BYD, Xpeng and Zeekr are among those present and getting lots of attention as their market share has surged in the past few years. In this edition, we speak to John Bozzella, CEO of the Alliance for Automotive Innovation, about the challenge these new competitors represent for the European and North American auto sectors.
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Politics
Citroën bets on nostalgia at Paris motor show amid struggling French sales
French president Emmanuel Macron is paying his customary visit to the Paris Motor Show this morning. This year's show sees electric and hybrid vehicles in the spotlight as European carbuilders seek to roll back years of sliding sales. The sector has been given a boost by China's commitment to stem the flow of Chinese e-vehicles, and some builders, such as the multinational Stellantis are betting on small affordable electric cars to win back customers. And one of the models it has lined up is an electric reboot of a French classic: the Citroën 2CV. FRANCE 24’s Charles Pellegrin interviewed Citr
World
Are European automakers capable of withstanding Chinese competition?
The Paris Motor Show opens its doors today, and with it come mounting economic and diplomatic issues. The European Union has just announced that it has secured a commitment from China to moderate the flow of hybrid vehicles into the block's market. It opens the prospect of cutting China's export by more than a half and could prevent millions of Chinese cars from being shipped to Europe. Are European automakers capable of withstanding this competition and their dependence on China? This report from France 2 and Morgan Ayre.
Business
Beckham, Yao Ming attend NBA China Games in a boost to Macao's live events
The NBA China Games brought Chinese and U.S. basketball fans to Macao, which is spending big to broaden its reputation beyond a gambling mecca.
Business
Stellantis CEO urges incentives for carmakers who build in Europe as Chinese rivals gain ground
Stellantis' CEO urged European regulators to create incentives for carmakers to manufacture vehicles in the region amid competition from Chinese rivals.
Business
Why China is importing a record amount of gold — and what it means for prices
Beijing’s push to diversify away from the dollar and Chinese households’ search for a safe place to put their savings has fueled China’s record gold buying.
Sports
History made as Zheng becomes first Chinese woman to win China Open
Zheng Qinwen makes history in Beijing as she beats Mirra Andreeva in straight sets to win the China Open, becoming the first Chinese woman to win the tournament.
Business
Citroen revives the 2CV for an electric age
The French firm is reinventing the classic model as carmakers come under pressure from Chinese rivals.
Sports
Karaoke-singing Zheng makes history with China Open win
Zheng Qinwen becomes the first Chinese champion of the China Open after overcoming Mirra Andreeva in straight sets.
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World
China, EU reach deal to 'moderate' China's car exports to EU
An agreement between the EU and China would reduce exports of Chinese electric and plug-in hybrid cars to the 27-member European bloc by up to 50%, according to the EU trade envoy.
Business
China and Europe agree to cut Chinese hybrid vehicle exports by half
Europe's trade chief Maroš Sefčovič cast the two days of talks with China's Commerce Minister Wang Wentao in Beijing as a positive first step.
World
Alibaba sues Pentagon to denounce being classified as a Chinese military affiliate
DoD’s public document describes Alibaba as indirectly affiliated with China State Council's supervision body, and a “military-civil fusion contributor to the Chinese defense industrial base”.
World
EU trade envoy eyes yawning goods deficit on first day of China visit
The EU's trade commissioner, Maros Sefcovic, arrived in Beijing this Thursday for two days of talks with his Chinese counterpart Wang Wentao. Sefcovic stated his goal of "rebalancing" an "unsustainable trade deficit". One particular area of concern is the auto sector, where Chinese hybrid vehicles have increased their European market share to 25 percent. Also in this edition: Microsoft unveils its new AI-powered PCs in a bid to rival Apple.