Exclusive - China bans foreign AI chips from state-funded data centres, sources say

European markets are experiencing a downturn, with Asian chipmakers also facing significant losses amid a global stock sell-off. Concerns are rising about a potential equity correction, as highlighted by Deutsche Bank. Meanwhile, China has ended tariffs on US imports, including farm goods, although soybean levies remain in place. The Financial Conduct Authority has extended its consultation on an £11 billion compensation scheme related to a loan scandal, pushing the deadline past the UK's crucial autumn budget. This situation is important as it reflects broader economic uncertainties and the impact of regulatory decisions on market stability.

Cambodia is making headlines by becoming one of the first countries to store gold with China, a significant step in Beijing's ambition to establish itself as a global bullion hub. This partnership not only highlights Cambodia's growing economic ties with China but also reflects a broader trend of nations seeking secure storage for their gold reserves. As the global economy evolves, this move could enhance Cambodia's financial stability and attract further investment.

Toyota and Honda are shifting their focus to India as a key car production hub, moving away from China. This strategic pivot not only highlights India's growing importance in the global automotive industry but also reflects the changing dynamics of manufacturing in Asia. By investing in India, these automotive giants are tapping into a vast market and potentially boosting local economies, which is great news for job creation and technological advancement.

In a significant move, China has decided to roll back and suspend certain retaliatory measures against some U.S. entities, signaling a potential thaw in trade relations between the two countries. This decision is important as it may pave the way for improved economic cooperation and reduce tensions that have affected global markets. By easing these restrictions, both nations could benefit from enhanced trade opportunities, fostering a more stable economic environment.

China's Ministry of Finance has announced plans to issue USD bonds with maturities of 3 and 5 years. This move is significant as it reflects China's ongoing efforts to diversify its funding sources and attract foreign investment. By issuing bonds in USD, China aims to enhance its presence in international financial markets, which could lead to increased economic stability and growth.

XPeng is making headlines as it prepares to launch its self-developed robotaxis next year, marking a significant milestone as the first Chinese carmaker to do so. This development not only showcases XPeng's innovation in the automotive industry but also highlights China's growing influence in the global tech landscape, particularly in autonomous vehicles.

Volkswagen is taking a significant step in the automotive industry by partnering with Horizon Robotics to develop a specialized chip for smart cars in China. This collaboration highlights Volkswagen's commitment to innovation and adapting to the rapidly evolving tech landscape in the automotive sector. By focusing on smart car technology, Volkswagen aims to enhance vehicle performance and safety, which is crucial as the demand for advanced automotive solutions continues to grow.

Global private equity funds are looking to return to China as investors shift their focus away from the US market. This trend is significant as it highlights the growing confidence in China's economic recovery and potential for high returns, especially in sectors that are rebounding post-pandemic. The move could lead to increased capital inflow into China, fostering innovation and growth in various industries.

The recent opening of a Shein store in Paris has sparked a mix of excitement and protest. While bargain hunters flocked to the new location for affordable fashion, protesters voiced concerns over the brand's environmental impact and labor practices. This event highlights the ongoing debate between consumer demand for low-cost clothing and the ethical implications of fast fashion, making it a significant moment in the retail landscape.

The latest Market Talks provide valuable insights into key players in the financial services sector, including Hong Kong Exchanges & Clearing, Santander, and ANZ. Understanding these insights is crucial for investors and stakeholders as they navigate the complexities of the market and make informed decisions.

In the latest Energy & Utilities Roundup, insights are shared on BP and the recent OPEC+ decision to pause the unwinding of output cuts. This is significant as it reflects the ongoing dynamics in the energy market, impacting prices and supply strategies. Keeping an eye on these developments is crucial for stakeholders in the energy sector.

Global markets are experiencing a significant selloff as the recent rally in artificial intelligence stocks comes to a halt. This pause has left investors anxious, leading to a wave of selling across various sectors. The decline in stock prices highlights the volatility in the market and raises concerns about the sustainability of the AI-driven growth. Understanding these fluctuations is crucial for investors as they navigate the uncertain economic landscape.

Pinterest's shares have taken a hit due to increasing competition in the advertising space and pressures from tariffs. This decline is significant as it reflects the challenges the company faces in maintaining its market position and attracting advertisers, which are crucial for its revenue growth. Investors are concerned about how these factors will impact Pinterest's future performance.

W5 Solutions has reported impressive growth in its Q3 2025 earnings call, showcasing the effectiveness of its recent strategic shifts. This growth is significant as it reflects the company's ability to adapt to market changes and enhance its financial performance, which could inspire confidence among investors and stakeholders.