China Financial News

Recently, Justin Sun appealed to China to rethink its approach to Bitcoin. He stated that they need to step up since rivalry with America over Bitcoin policy could benefit all coins. Meanwhile, another huge event is shaking up the crypto market: the presale of DTX Exchange (DTX) .

JSW MD and Chairman Sajjan Jindal has declared that his company will gift an MG Windsor car to every Olympic medallist. The industrialist took to social media platform X to make the announcement. «Delighted to announce that every Olympic medalist from Team India will be gifted an MG Windsor, a remarkable car from JSW MG India! Because our best deserve the best, for their dedication and success!» Jindal wrote on X. This announcement comes a day after Morris Garages India launched their new electric car- the MG Windsor CUV.

While evaluating Dixon Technologies recently, I realised that even the slightest slowdown in growth could deliver a huge blow to the stock’s valuation. A price-to-earnings ratio of 200 means that if you were to buy 100% of the company's shares, it would take 200 years for you to earn back your initial investment through its profits. Dixon is not the only Indian stock that’s soaked in excess liquidity in recent months.

Amazon.com reported slowing online sales growth in the second quarter and said cautious consumers were seeking out cheaper options for purchases, sending shares down nearly 8%. The after-hours stock drop came despite second-quarter profit and cloud computing sales that beat analyst estimates. Amazon shares had gained over 20% this year through the session close on Thursday, and investors were disappointed that the company forecast current-quarter sales below Wall Street estimates.

Apple said its third-quarter iPhone sales were better than expected and forecast more gains on Thursday as it bets on artificial intelligence to attract buyers, even as its overall China business disappointed. Shares of the company rose nearly 1% in extended trading, outperforming other tech stocks that were broadly lower. Apple is expected to launch this fall what analysts have called the biggest software upgrade for the iPhone. It includes artificial intelligence features and comes at a time when rivals such as Samsung have been quicker to roll out similar services.

premiere date for the limited series "Before," starring and executive produced by Billy Crystal. The 10-episode supernatural mystery will debut on October 25.

The ride sharing giant Uber and Chinese automaker BYD say they have agreed on a partnership to introduce 100,000 BYD model EVs on the Uber platform in Europe and Latin America

Japanese automakers Nissan and Honda say they plan to share components for electric vehicles like batteries and jointly research software for autonomous driving

Paris Olympics judging panel after a photo circulated online of him embracing a competitor along the shore's edge in Tahiti this week. During one of the competition's off days, a commentator shared a photo on his social media showing Australian judge Benjamin Lowe posing alongside Australian surfing team member Ethan Ewing. Bede Durbidge, coach of the Australian team, was also in the photo, as per an AP report. The International Surfing Association released a statement Thursday saying it removed Lowe from the judging panel for the remainder of the competition to «protect the integrity and fairness of the ongoing competition.» «The ISA is aware of a photo circulating on social media in which one of the Olympic surfing judges from Australia is seen socially interacting with an Australian athlete and the team manager,» the ISA said.

PARIS—No country has ever dominated an Olympic sport the way that China rules table tennis. Since it made its debut at the Games in 1988, the Chinese have won 33 of a possible 38 gold medals. They came to Paris fully expecting to extend their reign atop the podium.

Olympics 2024 schedule for football shows that the United States will take on FIFA World Cup 2022 semi-finalist Morocco in a mouth-watering soccer match at quarterfinals stage on Friday, August 2. Olympics 2024 soccer match between Team USA and Morocco is scheduled to kick off at 9 am (ET) at Parc des Princes stadium in Paris on Friday. Viewers in the US can watch the United States and Morocco's soccer game on Peacock. Morocco is likely to win the Olympics 2024 football quarterfinals against Team USA.

US Presidential Election 2024 is coming near, old skeletons are tumbling out of the cupboard. After former US President Barack Obama persuaded Joe Biden to step aside, the incumbent president has come out attacking the first black president in a different and unexpected way. Taking a dig in an unexpected way, the president recalled an incident that took place in 2012 and said how he forced Obama to change his stance on same-sex marriage. When being asked by reporters about his “legacy for LGBTQ Americans”, Biden said that he was the first person to come out for gay marriage and he is proud of it, reports 'The Telegraph'. He also asked the people present there if they remember that little problem with the Obama administration.

active mutual fund flows so far this year. In June alone, inflows into these funds reached ₹22,350 crore, accounting for 55% of total active flows, an 18 July research report by Elara Securities said. Since the beginning of this year, thematic and sectoral funds have attracted ₹70,000 crore in inflows.

Qualcomm forecast fourth-quarter revenue above Wall Street estimates on Wednesday, betting on strong demand for high-end Android devices and the need for more chips in smartphones that are getting AI upgrades.

China will ban the export of all unregulated civilian drones that can be used for military purposes or in terrorist activities and restrict certain drone features

China’s purchasing managers’ index (PMI) for manufacturing shows that the world’s factory is sputtering. It logged a third month of contraction in a row this July, with a reading of 49.4, which is under the 50 mark that separates it from expansion.

Russia and China, reports the 'Daily Express US'. It has also been said that the US military may lose a future war against the arch-rivals if considerable investment is not made in the defense sector. The report has made it clear that major changes and significant investments are needed now and the country should not wait for the next Pearl Harbor or 9/11. The Imperial Japanese Navy conducted a surprise aerial assault on Pearl Harbor on December 7, 1941. The unprovoked attack sucked the US into World War II, and it immediately declared war on Japan.

Indo-Pacific Economic Framework (IPEF) bloc, the commerce and industry ministry said Wednesday. The council was set up under the IPEF Supply Chain Resilience Agreement, which aims to help mitigate risks of economic disruptions from supply chain shocks, improve crisis coordination, and reduce the member countries' dependence on China.

Mainland China, known for its stringent regulations on cryptocurrencies like Bitcoin, continues to face challenges with crypto investment frauds. Despite the nation’s comprehensive crypto ban, fraudulent activities persist.

Economic Survey dropped a political clanger by arguing that getting FDI from China could help India improve its participation in global supply chains through exports. The strategy document notes that many companies have adopted a 'China+1' strategy to reduce reliance on Beijing for advanced electronic items and components. While India may not be an immediate 'beneficiary' of this approach to diversify manufacturing away from China, GoI's PLI scheme, taxation holidays and subsidies have significantly attracted companies to invest in India.

Nissan says it has a “sustainability plan” to become a greener and more inclusive company