Restrictions on critical electric vehicle battery material set to escalate trade tensions with US

Chinese tech groups restricted to using outdated processors as Washington aims to curtail Beijing’s artificial intelligence ambitions

Banks, manufacturers and industry bodies warn over potential impact of Washington’s curbs on domestic innovation

Both banks are top backers of a China-domiciled financials exchange traded funds launch

Also in today’s newsletter, US warship shoots down missiles fired by Iranian-backed rebels and Canada withdraws dozens of diplomats from India

Move would come in wake of tougher US controls on Chinese access to high-performance chips

Strong US and Europe beat expectations and help offset issues with Asia travel retail and luxury division