China Financial News

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Canada is set to introduce higher tariffs on Chinese-made electric vehicles and Chinese steel, Prime Minister Justin Trudeau told reporters in Halifax on Monday.

Volt Typhoon is exploiting a bug in a California-based startup to hack American and Indian internet companies, according to security researchers. Volt Typhoon has breached four US firms, including internet service providers, and another in India through a vulnerability in a Versa Networks server product, according to Lumen Technologies Inc's unit Black Lotus Labs. Their assessment, much of which was published in a blog post Tuesday, found with «moderate confidence» that Volt Typhoon was behind the breaches of unpatched Versa systems and said exploitation was likely ongoing. Versa, which makes software that manages network configurations and has attracted investment from Blackrock Inc and Sequoia Capital, announced the bug last week and offered a patch and other mitigations.

BEIJING — Hundreds of Volkswagen staff are spending time at Xpeng as the German auto giant and Chinese startup work to create electric cars for China, Xpeng co-president Brian Gu told CNBC on Monday.

Bank of China did not seek to nor will it seek to ban legitimate investments or trading in its government bonds, but it sees risks in a buying spree of the securities, according to people familiar with the matter. The PBOC gave risk warnings to some small- and medium-sized financial institutions which had significantly boosted holdings of long-dated bonds within a short time, according to people familiar familiar with the central bank's thinking.

September is a popular time for companies to go public. This month’s stock-market volatility is putting some plans on ice. Companies weighing whether to make their stock-market debuts face a critical decision in the coming weeks: pull the trigger soon so they can launch their deals before year-end or hold off until 2025.

Tata Motors is set to roll out the internal combustion engine (ICE) version of its Curvv coupe SUV on September 2, 2024. The Curvv, which was unveiled earlier this year in both electric and ICE versions, has already garnered attention with its futuristic design and advanced features.

China has expressed its opposition to the latest U.S. sanctions on Chinese companies over their alleged ties to Russia’s war in Ukraine, saying it would adopt necessary measures to safeguard the rights and interests of the country’s businesses

The mRNA revolution continues. Just a few years after mRNA vaccines proved their efficacy against COVID-19, scientists are now turning their attention to lung cancer.

BEIJING — Chinese electric car company Xpeng on Tuesday announced that its mass-market brand Mona will start selling some models for less than $17,000.

Canada’s government says it is imposing a 100% tariff on imports of Chinese-made electric vehicles that matches U.S. tariffs and follows similar plans announced by the European Commission

OTTAWA : Canada will slap hefty tariffs on imports of Chinese electric vehicles, steel and aluminum, positioning itself with allies including the U.S. to protect domestic manufacturing. Finance Minister Chrystia Freeland on Monday unveiled a range of measures she said are aimed at leveling the playing field for Canada’s EV industry and steel and aluminum producers to protect them from unfair competition from Chinese companies.

Visa applications in India in H1 2024 (January to June 2024) exceeded the H1 2019 volumes by 2% said VFS Global on Monday. The year on year increase during the same period was 11%. VFS Global manages visa applications for 51 countries from India. VFS said acceptance of personalised services such as Visa At Your Doorstep (VAYD) recorded a four-fold rise against 2019 with a year on year increase of 16%.

China's Ministry of Commerce said on Sunday it strongly opposed a U.S. decision to add multiple Chinese entities to its export control list over Russia-related issues. The United States on Friday added 105 Russian and Chinese firms to a trade restriction list over their alleged support of the Russian military. The companies — 42 Chinese, 63 Russian and 18 from other countries — were targeted for reasons from sending U.S. electronics to Russian military-related parties to producing thousands of Shahed-136 drones for Russia to use in its invasion of Ukraine.

Banks like Deutsche Bank might be spending less money on consultants this year, but consultants are not entirely obsolete. Goldman Sachs alone imparted $777m on «professional fees» in the first half of 2024. Citi still loves consultants, too, even though McKinsey & Co's work on Citi's data issues doesn't seem to have resolved much.

Canada will impose a 100 per cent surtax on nearly all Chinese-made electric vehicles, including certain hybrids as well as trucks and buses, in a bid to create a protective barrier around the country’s auto industry.

tech giants dragged down Wall Street, as focus shifted from the Federal Reserve’s policy outlook to Nvidia Corp.’s earnings later this week. Japanese and South Korean stocks turned slightly higher after earlier losses, with mild gains in Australia. Hong Kong futures pointed to a weak opening, while contracts for US peers were steady after some of the world’s largest tech names pushed US stocks lower.

Fast-fashion giant Shein says it has discovered two cases of child labor in its supply chain last year

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Tanvi Patri from Odisha has cemented her status as one of India's most promising badminton prodigies by clinching the girls' singles title at the U-15 Badminton Asia U-17 & U-15 Junior Championships in Chengdu, China, the country where she first honed her skills in the sport. Patri capped off a phenomenal week with a superlative performance, defeating Vietnam's second seed Thi Thu Huyen Nguyen 22-20, 21-11 in a 34-minute final, offering a glimmer of hope after Indian badminton's recent struggles at the Paris Olympics. «I'm feeling good after winning the title,» Patri told PTI from Chengdu. «I had expected to win, and I'm happy I could do that. I've been training at the Prakash Padukone Badminton Academy (PPBA) in Bangalore for the last two years.»

Lebanon's Hezbollah has drawn on a greatly expanded arsenal during more than 10 months of cross-border hostilities with Israel. One of the world's most heavily armed non-state groups, it says it has used just a small part of its weaponry so far. It launched hundreds of rockets and drones against Israel on Sunday in retaliation for the assassination of a senior commander in Beirut last month, the Iranian-backed movement said. The Israeli military said it had thwarted a much larger attack with pre-emptive strikes. Here are some facts about Hezbollah's weapons: