Gavin Williamson at centre of row over chancellor’s cancelled China trip | Politics – Business Article

The defence secretary, Gavin Williamson, was at the centre of a growing cabinet row on Saturday night as senior government sources blamed him for offending the Chinese and causing the cancellation of a crucial trade visit to Beijing by the chancellor, Philip Hammond. Senior Conservatives said it was time to rein in Williamson, who has earned the nickname Private Pike in Whitehall after a series of gaffes. Treasury insiders said comments the defence secretary had made in a speech last…

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Donald Trump hints at extension to China trade talks | US news – Business Article

President Donald Trump has conceded that he will delay planned increases in import duties on $200bn (£155bn) of Chinese goods if there is progress in trade talks in Washington next week. Appearing to soften his demand for talks to conclude before 1 March, Trump said there could be a 30- or 60-day extension, should negotiators get closer to a deal. He said a delay was justified, based on the scope and scale of the talks. Speaking on the White House…

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Jaguar Land Rover posts biggest quarterly loss of £3.4bn | Business – Business Article

Jaguar Land Rover announced its biggest quarterly loss on Thursday after it was forced to take a £3.1bn write-down on the value of its investments as Chinese demand slumped. Britain’s largest car manufacturer, which is owned by India’s Tata Group, made a £3.4bn pre-tax loss in the last three months of 2018 as sales fell. It anticipates a loss for the financial year as a whole for the first time in a decade. Half of the £3.1bn non-cash charge was…

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China, the Bots, and Why It Matters to Your Online Business – Business Article

The future belongs to the bots. That’s not a warning and, thanks to cobiotics, neither is it something to fear. It’s simply the truth. Between 2017 and 2025, the global market for industrial and non-industrial robots is expected to rise 1,168.7% from $39.3 billion to nearly half a trillion dollars. And no one is investing more heavily than China. The question for small-to-medium online businesses is: “Why does the rise of bots matter to me?”

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European shares open lower ahead of key US-China trade talks – business live | Business – Business Article

Reuters has done a useful explainer on the trade negotiations. The two sides are trying to resolve deep differences over China’s trade and intellectual property practices, industrial subsidies and market access – to avert an increase in US tariffs on Chinese goods scheduled for 2 March. What are Washington and Beijing fighting about? After years of steadily rising US trade deficits with China and US complaints that Beijing has systematically obtained American intellectual property and trade secrets through coercion and…

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