China Financial News

Economic Framework for Prosperity (IPEF) negotiations have mostly been conducted in secrecy with limited public input and it raises concerns whether the member countries, including India, were able to protect their key interests, think tank Global Trade Research Initiative (GTRI) said Sunday. It cautioned that the commitments related to the effective administration of tax policy might curtail the ability to raise tax revenue. It said in the supply chain pillar, a major issue is whether the agreement might restrict members from trading critical materials, particularly with China as this could pose challenges for Association of SouthEast Asian Nations (Asean) countries, whose largest trading partner is China. “It is hoped that India has negotiated enough flexibility to avoid strict clauses, such as the not to use export restrictions. These are critical during emergencies, as no country can be expected to supply essential goods when facing its own crisis,” GTRI Founder Ajay Srivastava said.

Subscribe to enjoy similar stories. Hark back to the heady mid-1990s. Jim Wolfensohn, a former Olympic fencer turned banker and cellist was US President Bill Clinton’s pick as World Bank president.

Scotch whisky and fine wines registering double-digit growth, outpacing consumption rates in the US and China, according to a Switzerland-based researcher. «One subcategory where India surpasses China and is growing at double the rate of the USA over a five-year CAGR is Scotch luxury whisky,» Simon Joseph, a senior luxury brand builder and consumer experience expert based in Zurich, said. Joseph, a researcher with Glion Institute of Higher Education, said according to various data forecasts, the luxury Scotch whisky market is also growing at 16 per cent CAGR up to 2024-end. Scotch whisky exports to India grew at a compound annual growth rate of 66% up to 2022, outpacing the US, China, and other significant markets, Joseph said, citing data from the UK-based Scotch Whisky Association (SWA).

Biden was caught on a hot mic telling leaders of the Quad nations that China was testing them, thus reflecting upon the American seriousness of the emerging Chinese threat. Biden's remark came during the Quad Leaders' Summit on Saturday, which was attended by Prime Minister Narendra Modi, Australian Prime Minister Anthony Albanese and Japanese Prime Minister Fumio Kishida. «We believe Xi Jinping is looking to focus on domestic economic challenges and minimise the turbulence in China,» Biden told the leaders at the Summit. His opening remarks were caught on the hot mic as pool reporters were leaving the Summit venue. Biden was heard saying that Chinese President Xi Jinping is «looking to buy himself some diplomatic space, in my view, to aggressively pursue China's interest.»

US Presidential Elections 2024. In an interview, he said he presumes former US President Donald Trump will win this election ultimately, however, he would vote for Vice President Kamala Harris despite his prediction. He added that he feels most of the Americans are not intelligent enough to decide properly what is good for them. This statement has ignited debates about the matter of electoral outcomes, which is completely dependent on voter awareness, reported The Telegraph.

Katy Perry has said what exactly she desired in a man before meeting her boyfriend Orlando Bloom. She wished to meet someone, who loves adventure and was spiritual. Pop star Katy Perry talked to Apple Music's Zane Lowe about her latest album 143. She told that before meeting her boyfriend, she was stuck in a bad continuing loop. She said,«I was like, I'm going to go swim in a different pond. I want to try something else. I'm going to say yes to something I wouldn't normally say yes to.» She has decided to analyse her own intentions before viewing what's there in the outer world.

China, Iran, North Korea and Russia in an open conflict, reported Fox News.

Sean Diddy Combs has been lodged at the Metropolitan Detention Center of Brooklyn after his attorney’s bail bid got denied and he is placed on Suicide Monitor in the prison which is actually the standard protocol for keeping high-profile individuals in jail, reported DailyMail.

Chinese zoo has revealed that the pandas in the animal exhibitions are not the real pandas, they are the painted dogs.

Indian Navy have decided to significantly bolster the force's combat prowess in the Indian Ocean against the backdrop of China's increasing forays into the region and geopolitical power play being witnessed in the Indo-Pacific. The decision to enhance India's combat capabilities in the maritime sphere following extensive deliberations at a four-day naval commanders' conference that concluded here on Friday, officials said. In his address to the commanders, Navy Chief Admiral Dinesh K Tripathi underlined the need to maintain vigil towards ensuring maritime security and coastal defence through close synergy and functional linkages with the Coast Guard and other maritime agencies. The admiral called on commands and staff at the naval headquarters to continue evolving as a well-balanced multi-dimensional seamlessly networked force ready to respond, protect and promote the national maritime interests — «anytime, anywhere, anyhow», according to the Navy.

Subscribe to enjoy similar stories. PINGTUNG, Taiwan—Taiwan’s military recently set up live-fire exercises on this stretch of coastline facing China to show off half a dozen brand-new Humvee armored vehicles mounted with antitank missile launchers—part of its recent delivery of weapons from the U.S. But the missiles designed for use with the launchers didn’t arrive with the shipment.

Oil prices settled lower on Friday but recorded a second straight week of gains, garnering support from a U.S. interest rate cut and a dip in U.S. supply. Brent futures settled down 39 cents, or 0.52%, at $74.49 a barrel. U.S. WTI crude futures settled down 3 cents, or 0.4%, to $71.92.

KLW Wheelco has supplied 2,000 Ukrainian-make forged wheels to the Indian Railways in the past few weeks, said a senior Indian government official. This is the first such delivery from the war-torn nation since the Russia-Ukraine conflict started in early 2022. The development comes close on the heels of Prime Minister Narendra Modi's recent visit to Kyiv where he met with his counterpart, President Volodymyr Zelenskyy. «Another 3,500 forged wheels are on their way from Ukraine. Orders for 10,000 forged wheels worth ₹72 crore have been placed with the Swiss company earlier this year,» the official told ET. These wheels are being manufactured in Dnipro (Ukraine) by Interpipe Group, a global producer of steel pipes and railway wheels. The wheels are for Bogie Open Wagon with Air Brakes (BOXN wagons), which are largely used for carrying goods such as coal, and are being loaded from an Ukrainian port in the Black Sea.

Russia legalised so-called «grey» or «parallel» imports to allow goods to enter the country without the brands' permission after Western companies such as iPhone maker Apple imposed export bans in 2022 in response to the war in Ukraine. Lyudmila Semushina, a spokesperson for electronics retailer restore:, said the iPhones going on sale this month had arrived in Russia from «all over», without naming specific countries.

Subscribe to enjoy similar stories. China’s weak consumer economy has claimed another victim: luxury cars. Mercedes-Benz late Thursday became the second luxury carmaker in as many weeks to cut its earnings guidance for the year.

Dara Shukoh, the favorite son and favored successor of the Mughal Emperor Shahjahan who built the Taj Mahal.It was the last text he wrote, published in 1655 circa, which led to his humiliation, defeat and eventual death. He was tortured and beheaded for blasphemy by his brother Aurangzeb, because of his “Confluence of two seas”, where he attempted to bring together Hinduism and Islam.

The Biden administration is awarding $3 billion to U.S. companies to boost domestic production of advanced batteries and other materials used for electric vehicles, part of a continuing push to reduce China’s global dominance in battery production

European shares slipped on Friday after a rally in the previous session spurred by the U.S. Federal Reserve's outsized interest rate cut, while shares of Mercedes were set for their worst day in 15 months after the automaker cut its core profit outlook. The pan-European STOXX 600 index fell 0.4% to 519.76 points as of 0805 GMT but was on track for a second straight week of gains.

BEIJING — Many of Apple's affluent iPhone users in China are just as interested in Huawei's pricier trifold phone, CNBC found during spot checks at stores Friday, the day the iPhone 16 and Mate XT launched in the country.

dyed dogs as pandas. The incident happened at the Shanwei zoo in China where visitors were stunned to see pandas showing unusual behavior, including panting and barking. A video taken by a visitor showed one 'panda' panting while lying on a rock. Later, another one was seen walking with a curly tail.

«The absolute numbers are good. The relative positioning is looking even better with 6.5-7% GDP growth outlook, 12% to 14% corporate EPS growth outlook and that too over a long period of time. So, investors, have really kind of shown a lot of interest, which kind of shows in the numbers that we have been able to pull,» says Mahesh Nandurkar, Jefferies. What is the big understanding of how things are shaping up for the economy and for India Inc? Based on your interactions, both on the record, off the record, inside the conference room, outside the conference room, how is the growth and the earnings picture stacked up? Mahesh Nandurkar: So, I believe that the economic outlook for India is definitely fantastic and the reason why we have that confidence and continue to get that confidence reinforced is when you look at the investment activities in the economy, the fixed capital formation is rising, and it is always investments driven growth is more sustainable, investors like it, it broad bases the market, creates more options and opportunities.