China Financial News

Donald Trump and Vice President Kamala Harris are locked in a fierce battle as the US will vote on November 5, set to be one of the most important economic and political events in recent history. These elections are a pivotal moment in US history which could have massive implications for how the country is governed and for the future of the post-war order that Washington has helped build. The biggest question now remains- Will Kamala Harris become the first woman President of the United States or would Trump win? What if Trump becomes the President once again after US election results next month? ALSO READ: US election result date: Donald Trump or Kamala Harris? When will we know the winner?

OnePlus 13 features a 6.82-inch BOE X2 2K+ AMOLED display with a peak brightness of 4,500 nits, 2160Hz PWM dimming, and the world’s first DisplayMate A++ rating.On the optics front, the OnePlus 13 includes a triple camera setup on the back, featuring a Sony LYT 808 primary sensor, a 50MP Sony LYT600 telephoto lens with 3x optical zoom, and a 50MP Samsung JN1 ultra-wide angle lens. For selfies and video calls, there’s a 32MP Sony IMX612 front-facing camera.As mentioned earlier, the OnePlus 13 is powered by the Snapdragon 8 Elite processor, with an impressive AnTuTu score of 3.18 million.

Subscribe to enjoy similar stories. WHEN THE Bank for International Settlements (BIS) launched mBridge in 2021, a project aimed at revolutionising cross-border payments, it did so with much fanfare and, among some people, high expectations. The new system, which it was developing with China and others, would harness the power of digital currencies and the trustworthiness of central banks to make international financial flows faster, simpler and cheaper, it said.

Microsoft CEO Satya Nadella’s compensation surged by 63% in fiscal year 2024, reaching around $79.1 million (approximately Rs 665 crore), largely due to a substantial increase in stock awards, TOI reported, citing Microsoft’s recent U.S. Securities and Exchange Commission (SEC) filing. Stock awards rose from $39 million last year to $71 million, significantly boosting his overall earnings. However, the filing also revealed that Nadella requested a reduction in his cash compensation, citing cybersecurity concerns and hinting at a possible “China angle” in the decision.

Meta's publicly available Llama model to develop an AI tool for potential military applications, according to academic papers and analysts. In a June paper reviewed by Reuters, six Chinese researchers from three institutions, including two under the People's Liberation Army's (PLA) leading research body, the Academy of Military Science (AMS), detailed how they had used an early version of Meta's Llama as a base for what it calls «ChatBIT». The researchers used the Llama 2 13B large language model (LLM) that Meta released in February 2023, incorporating their own parameters to construct a military-focused AI tool to gather and process intelligence, and offer accurate and reliable information for operational decision-making.

India's economy has been a shining star when it comes to growth. Even as IMF lowered expectations for the world, including China's, it bumped up India's. So, there's little debate about the direction of the economy.

Apple's AI-enhanced iPhone made a strong start, pushing quarterly sales ahead of Wall Street expectations, but a modest revenue forecast raised questions about whether that momentum will hold over the holiday sales season. A decline in China sales during the fourth quarter also concerned some analysts and investors, helping send shares down 1.4% in after-hours trade, despite surprisingly large overall profit and revenue in that period. Chief Financial Officer Luca Maestri told analysts during a conference call that Apple expects overall revenue to «grow low to mid single digits» during its fiscal first quarter, which ends in December. Analysts had expected revenue growth of 6.65% to $127.53 billion during the quarter, according to LSEG data.

A study by the Asian Development Bank shows that countries in Asia will suffer worse damage from the climate crisis than other regions and they are not spending enough to limit the damage and adapt to changing weather patterns and natural disasters

Chinese online retailer Temu is facing a European Union investigation over suspicions it’s failing to prevent the sale of illegal products

Russian military. The announcement was made by US Treasury and State Departments in what they described as «third-country enablers”. However, there is no independent verification if these Indian firms were part of efforts to boost Russian military apparatus. “…The U.S. Department of the Treasury sanctioned 275 individuals and entities involved in supplying Russia with advanced technology and equipment that it desperately needs to support its war machine. Today’s action targets both individual actors and sprawling sanctions evasion networks across 17 jurisdictions, including India, the People’s Republic of China (PRC), Switzerland, Thailand, and Türkiye,” according to the announcement.

Troubled carmaker Stellantis on Thursday reported a 27% plunge in net revenues during the third quarter as gaps in launching new products and action to reduce inventories slashed global shipments of new vehicles by 20%

Samsung Electronics has reported progress on a major supply deal for artificial intelligence-focused chips, aiming to reassure investors following a slowdown in semiconductor profits during the last quarter

Samsung Electronics on Thursday reported progress on a major supply deal for artificial intelligence-focused chips, aiming to reassure investors following a slowdown in semiconductor profits during the last quarter. The South Korean technology giant said its operating profit for the July-September period increased by more than 277 per cent from a year earlier to 9.18 trillion won (USD 6.65 billion). But the figure represented a 12 per cent decline from the second quarter, which Samsung attributed largely to one-off costs, such as provision of employee incentives in its computer chip business, and the effects of a weaker US dollar.

Defence minister Rajnath Singh said that India and China have been holding talks at both diplomatic and military levels to resolve the differences in some areas along the LAC. The consensus includes the rights of patrolling and grazing in traditional areas. He said that efforts will be to take the matter beyond disengagement; but for that, we will have to wait a little longer. Singh virtually dedicated to the nation ‘Desh ka Vallabh’ statue of Sardar Vallabhbhai Patel, and Major Ralengnao ‘Bob’ Khathing ‘Museum of Valour’ at Tawang, Arunachal Pradesh. Raksha Mantri carried out the inauguration from 4 Corps Headquarters in Tezpur, Assam. He was supposed to visit Tawang, but could not due to bad weather. The unveiling coincided with the festival of lights ‘Deepawali’ as well as ‘Rashtriya Ekta Diwas’ which is celebrated on 31st October to commemorate the birth anniversary of first Deputy Prime Minister and Home Minister Sardar Vallabhbhai Patel.

Subscribe to enjoy similar stories. DENG XIAOPING was barely five feet tall, but China’s late ruler was a political giant. He was a leading figure in the Communist revolution and a hard-nosed Leninist.

Korean Peninsula, after Pyongyang said it had test-fired one of its most powerful missiles to boost its nuclear deterrent. The launch was North Korea's first weapons test since being accused of sending soldiers to Russia. South Korea's military said its «initial judgement» was that the projectile may have been a «new solid-propelled long-range ballistic missile».

Subscribe to enjoy similar stories. Foreign institutional investors (FIIs) have unloaded a record ₹1.1 trillion worth of Indian shares from the cash market this October, marking the heaviest monthly outflow yet and rattling investor sentiment.

Subscribe to enjoy similar stories. At the 39th ASEAN Roundtable, hosted by a research institute in Singapore on October 28th, the room was split. With Asia riven by an assertive China and a protectionist America, some attendees called for hard-headed thinking about trade-offs.

A closely watched survey on manufacturing in China has edged into positive territory

Subscribe to enjoy similar stories. Gold is heavy. Moving it is an onerous task.

Subscribe to enjoy similar stories. India’s growing prominence on the global tech stage is attracting industry heavyweights, though not without friction. The country’s IT sector is globally renowned not just for its scale but also for its deep expertise in computer science.