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China
14:12, 28 MAY 2025
Fast fashion giant Shein eyes Hong Kong IPO as London listing stalls
By City AM
Shein is reportedly working towards a Hong Kong initial public offering (IPO) after failing to secure approval from Chinese regulators for its London listing
Bookmark
BYD and Chinese electric vehicles slide despite rising º£½ÇÊÓÆµ demand
By City AM
Shares in Chinese electric vehicle (EV) makers tumbled on Monday, despite surging interest from º£½ÇÊÓÆµ buyers and a fresh round of price cuts from industry titan BYD
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TikTok fined £452m over illegal data transfers to China - but app vows to fight back
By City AM
The EU has fined TikTok more than £450 million for breaking data protection laws, in a move that intensifies the bloc's scrutiny of global tech firms and their data flows to countries with intrusive surveillance regimes.
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US dollar under threat as Trump's trade war with China sparks 'global crisis'
By City AM
The dollar index on Thursday afternoon was 8.7 per cent below levels seen three months before as a new report warns of a 'global crisis'
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Uber-backed AI startup that could rival Tesla takes on Europe's largest car market
By City AM
Wayve, a startup that develops self-driving car technology, is to open a new hub in Germany as it looks to expand internationally, taking on the likes of Tesla and Waymo
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Gooch & Housego warns of price rises in response to Trump's proposed tariffs
Exports
The London-listed components business said it was also 'alert' to supply chain disruption from China
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North East’s net zero economy grows 10% in a year, new report from CBI shows
Climate Agenda
The survey suggests the North East is not being left behind when it comes to economic opportunities presented by drive towards net zero
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Humber renewables champion Camilla’s calling came as green power became the new big thing
Humber Renewables Award
Humber Renewables Awards 2025 are open for entries, and with a month to go until nominations close, we caught up with the reigning Humber Renewables Champion.
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Three North East firms named among future $1bn º£½ÇÊÓÆµ 'unicorns'
Economy
Atom Bank, Pragmatic Semiconductor and Geopura are among the 137 companies on Hurun's Unicorns and Future Unicorns Index 2024
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An optician ‘as cool as an Apple store’: Specscart opens concept venue as it plans 2025 growth
Retail & High Street
Boss Sid Sethi says he wants people to come in and take selfies
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Interest rates cut – what does it mean for the North West?Â
Barclays
MPC voted for a quarter-point reduction to 4.5%
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Astrazeneca's revenue soars despite China woes as it 'doesn't pay £700k tax bill'
By City AM
The pharmaceutical giant's revenue jumped 21 per cent last year despite growing troubles over its presence in China, where it is alleged to have not paid a $900,000 importation tax bill
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Mulberry 'neglected to connect' with º£½ÇÊÓÆµ shoppers, says boss
Retail
Andrea Baldo said moving forward the company would focus less on China and close 12 stores across its Asian estate
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Newcastle shipping insurance giant NorthStandard has the wind in its sails
Maritime
The mutual is now two years post merger, which happened at a time of huge global shifts for the shipping industry to navigate
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Iconic motorcycle brand Triumph hit by China economic downturn and sterling slump
By City AM
The Derbyshire-headquartered business, which is owned by billionaire John Bloor, has reported a pre-tax profit of £72.6m for the year to 30 June, 2024, up slightly from the £72.3m it achieved in the prior 12 months.
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Top CIOs back º£½ÇÊÓÆµ stocks for 2025 as they fear Donald Trump's global impact
By City AM
The chief investment officers of some of the º£½ÇÊÓÆµ's leading asset managers are upbeat on equities in 2025 - but have warned trade wars are the biggest threat to investors
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The º£½ÇÊÓÆµ Government needs to have advanced semiconductor chips at the heart of its new industrial strategy
Technology
Dr Drew Nelson said competitor economies have realised that successful states need advanced semiconductors.
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Sheffield data specialist Cirata seals $2m deal to support major US bank
Deals
The business has withdrawn guidance for FY2024 amid movement of its pipeline opportunities and bookings
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Upgrade planned for Liverpool's Chinatown after stalled development site is acquired by council
North West
'New Chinatown' scheme has been stalled since 2017, subject to a series of complex legal challenges on leaseholds
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Inspecs shares slump after profit warning
Company Results
The AIM-listed business makes a range of eyewear such as sunglasses, optical frames and lenses
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Cornish Lithium appoints National Wealth Fund director to board
Appointments
The announcement follows the opening of the mineral exploration company's demonstration plant in St Austell
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Newcastle biotech business BSF Enterprise raises £500,000 to ramp up strategic growth
Tech
BSF Enterprise plc owns Newcastle University spin-outs 3D Bio-Tissues, Kerato, Lab-Grown Leather Ltd and a Hong Kong subsidiary
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Manufacturing sector hits nine-month low with one key event blamed
By City AM
The downturn in the manufacturing sector looks set to deepen after a new survey revealed that activity had fallen to its lowest level in nine months
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Alton Towers' owner appoints interim chief executive
Appointments
Dorset-based Merlin Entertainments operates a number of major theme parks and attractions including Legoland and Sea Life
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