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European Union

1. EU and China reportedly negotiate mutual lifting of sanctions on one company each, involving ASML's German supplier Sindlhauser

   Taiwan's Central News Agency, citing SCMP, reported that the EU and China are negotiating to lift sanctions on one company each: China has offered to remove Sindlhauser Materials, a German supplier of chip-equipment maker ASML, from its export control list in exchange for the EU dropping sanctions on a Hubei-based textile manufacturer. The EU sanctioned the textile firm in 2025 over alleged sales of sensitive European technology to Russian buyers, and in July China imposed export controls on Sindlhauser in response to the EU's 21st package of sanctions on Russia, cutting off its supply of rare earths and other critical minerals. Some member states expressed reservations when EU ambassadors discussed the deal on Oct 21, talks are expected to continue next week, and a European Parliament trade committee delegation is due to visit China from Oct 27 to 29.

   Oct 24, 2026 Morning