Business
New Business Secretary Peter Kyle to reopen UK-China trade talks in Beijing
New Business Secretary Peter Kyle will travel to Beijing this week to hold the first trade talks with China since 2018.
Mr Kyle will use the relaunch of the UK-China Joint Economic and Trade Commission (Jetco) to seek market access deals worth more than £1 billion over five years, according to the Department for Business and Trade (DBT).
The trip forms part of the Government’s drive to revive UK-China trade ties and boost the British economy.
The former science and technology secretary, who was promoted in Sir Keir Starmer’s recent reshuffle, is expected to arrive in the Chinese capital on Wednesday.
He is largely taking on the schedule of his predecessor in the role, Jonathan Reynolds, now the chief whip.
Mr Kyle will be flanked by UK businesses as he pushes for greater access to the Chinese market in sectors including automotive, professional services and healthcare.
Jetco summits were suspended by Boris Johnson’s Conservative government after Beijing’s crackdown on pro-democracy protests in Hong Kong in 2019.
Mr Kyle will “raise challenges” in the relationship with Beijing, including practices that undercut fair trade and human rights, according to DBT.
There are long-standing concerns about the treatment of Uighur Muslims, constraints on freedoms in Hong Kong and China’s stance on Russia’s war in Ukraine.
Mr Kyle said: “Serious and strategic engagement with the world’s foremost economic players is what will deliver for working people and businesses across the UK.
“Restarting trade talks with China is an essential tool to put money into people’s pockets as part of the Government’s Plan For Change.
“British businesses will be an important part of my visit, helping open doors to greater commercial opportunities.
UK Government in the last financial year” data-source=””>
“More discussions and direct engagement with China will ensure trade between us can flourish, strengthen our national security, and create space to raise concerns constructively where needed.”
Ministers pointed to nearly £2 billion in exports to China backed by the Government in the last financial year, including the Premier League signing an exclusive three-season broadcasting agreement with China Mobile-owned streaming platform Migu, health science firm Cultech Group introducing a probiotic to the Chinese market, and Oxford University Press launching an exhibition at China’s national library.
The Business and Trade Secretary will also co-chair the first Industrial Co-operation Dialogue since 2022, focusing on industrial decarbonisation, the digital economy and standards in the automotive sector.
Ruby Osman, China expert at the Tony Blair Institute, said: “The Secretary of State’s trip follows a string of recent visits – Chancellor Rachel Reeves, former Foreign Secretary David Lammy – that could culminate in a prime ministerial one early next year.
“It’s a striking contrast with the last government, which managed just two ministerial visits to China in five years, yet calling this moment a ‘reset’ risks misunderstanding.”
In an op-ed, she wrote: “Look closer at the policy language and the continuity becomes clear – (Rishi) Sunak’s framework of ‘protect, align, engage’ has become Starmer’s ‘compete, challenge and co-operate’. Both get at the same simple point: China is too big and complex for a one-size-fits-all strategy…
“Britain’s engagement with China does not need fundamental reinvention, it needs continuity. Only consistency built on expertise and capacity will deliver progress – not just this week, but for decades to come.”
Business
Ads for British beef and milk banned following Chris Packham complaint
Two ads promoting British beef and milk have been banned after television presenter and environmental campaigner Chris Packham complained that they misled consumers about the products’ carbon footprints.
Both ads for the Agriculture and Horticulture Development Board’s (AHDB) Let’s Eat Balanced campaign used the carbon footprint of British beef and milk to promote the products, firstly stating: “British beef not only tastes great, but has a carbon footprint that’s half the global average*.”
The asterisk linked to text that stated: “Full lifecycle emissions of CO2 eq (carbon dioxide equivalent) per kg of beef.”
The ad for milk stated: “British milk not only tastes good, but is also produced to world-class standards, and has a carbon footprint a third lower than the global average.”
Packham complained to the Advertising Standards Authority (ASA) that the ads, and specifically the carbon footprint claims, were misleading as they did not reflect the full environmental impact of British meat and dairy.
The AHDB said the ads’ mention of carbon emissions would be understood in relation to the environmental impact of beef and milk that occurred between the “cradle-to-retail” stages.
But the ASA said the average consumer “being reasonably well-informed, observant and circumspect” would understand the claims to apply beyond the retail stage and include actions such as cooking and wastage.
The ASA said: “While we acknowledged the potential difficulties in producing post-retail emissions data, the claims in the ads suggested those emissions were included and we therefore expected the evidence provided to also include them.
“We therefore concluded that the evidence presented was insufficient to support the full life-cycle claims in the ads, which was how the average consumer was likely to interpret them.
“We reminded AHDB that environmental claims should be based on the full life cycle unless the ad stated otherwise.”
AHDB’s director of communications and market development, Will Jackson, said: “Let’s Eat Balanced is doing what it was designed to do, providing clear, factual, evidence-led information about British food, nutrition and farming standards.
“Since the investigation began, we have conducted independent consumer research which found that the majority of respondents interpreted these adverts as relating to the production phase only, from farm to retail.
“This research provides important insight into consumer understanding and supports our belief that consumers were not misled by the information we shared in these two specific adverts.”
Business
Gen Z pros embrace ‘portfolio careers’ as side hustles surge – The Times of India
BENGALURU: India’s Gen Z workforce is embracing what experts describe as “portfolio careers” – balancing multiple professional identities and income streams simultaneously. New research from LinkedIn shows that 75% of Gen Z entrepreneurs in India now manage multiple income streams, significantly higher than the 62% among Gen X entrepreneurs. The findings point to a growing preference among younger professionals for flexibility, autonomy and diversified sources of income. “We’re also seeing the rise of the ‘portfolio era’, with more professionals creating multiple income streams and redefining what a career can look like. This shift is making entrepreneurship more accessible than ever before,” said LinkedIn India country manager Kumaresh Pattabiraman.Rather than depending on a single full-time role, many professionals are simultaneously building businesses, freelancing, consulting, creating online content and monetising specialised skills through digital platforms. The trend comes amid a broader rise in entrepreneurial activity in India. LinkedIn recorded a 104% year-on-year increase in members adding “Founder” to their profiles – the highest growth among all global markets.AI is also emerging as a major enabler of this shift. The report found that 85% of Gen Z entrepreneurs consider AI and digital tools important to their business operations.
Business
Elon Musk said control of OpenAI should go to his children, Sam Altman tells jury
Sam Altman said Elon Musk tried many times for total control of OpenAI, which he’s now suing.
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