China Financial News

A sector’s contribution is traditionally assessed through economic metrics. However, in today’s complex geopolitical landscape, the significance of port infrastructure transcends these measures. This sector holds strategic importance for India’s economic vitality, geopolitical influence and national security.

The deadly stockpiles of nuclear weapons built by Cold War adversaries Russia and the US gave the ‘MAD’ doctrine of ‘Mutually Assured Destruction’ a literal ring. With thousands of nukes each, both had enough to destroy the planet many times over. Could today’s geopolitical divide between a China-led bloc and the US-led West imperil the world with another arms race being pushed beyond the limits of reason by its force of rivalry? According to the latest report by Stockholm International Peace Research Institute (SIPRI), a think-tank, all nine nuclear-armed countries—the US, Russia, UK, France, China, India, Pakistan, North Korea and Israel—modernized their arsenals in 2023, while some deployed new weapon systems.

Chinese Premier Li Qiang is set to talk with Malaysian Prime Minister Anwar Ibrahim with the two countries due to ink new cooperation pacts on digital economy and green development as they mark 50 years of diplomatic relations

Australian Broadcasting Corporation (ABC) on "Indian spies" and the Modi government's «infiltration» in Australia has uncanny similarities with «revelations» made in the report of Canadian Broadcasting Corporation (CBC) which also made similar allegations. The ABC report claimed that the Sikh diaspora and their families in India have been «coerced» by Indian authorities and that the Australian government while expanding ties with India is worried about «Indian spies» on its soil. The ABC report also refers to the Hardeep Singh Nijjar case and the Canadian government's accusation against India. «As the federal government embraces Narendra Modi and his administration as an important partner, the long arm of the Indian state is reaching Australia, silencing critics and threatening members of the diaspora… In 2020, India-Australia relations seemed better than ever. Trade deals were blossoming and a range of defence alliances were being signed in response to China's growing power in the region. In secret though, Australia was unhappy with India's spy operations in the country,» alleged the ABC report titled 'Infiltrating Australia', published on June 17.

Adidas has launched an investigation into allegations of “compliance violations” in China after receiving an anonymous letter earlier this month accusing local executives of embezzling millions of euros

Ecuador has announced the suspension of an agreement with China that had waived visas for Chinese citizens traveling to the South American country

The post-pandemic surge in global sales of luxury handbags, shoes and apparel is on pace to stall this year amid a creativity crisis and price hikes focused on the biggest spending customers

to impose anti-dumping duty on printed circuit boards (PCBs) imported from China and Hong Kong. PCBs form the base of the many integrated circuits that control electronic functions in modern automobiles.

₹11,730 crore last week (June 10-15), according to NSDL data. This shift marks a sharp contrast to the intense selling seen in the last couple of months.

Chinese Premier Li Qiang has ending his Australian tour in the west coast city of Perth where he focused on China’s investment in critical minerals, clean energy and busines links

The Chinese government is taking aim at European farmers instead of German automakers by launching an investigation into European Union pork imports

Elon Musk told employees on Monday that the electric vehicle maker is working on stock-based compensation for high-performing employees, according to two people who reviewed an internal memo.The plan comes just days after Musk won shareholder approval for his $56 billion pay plan consisting of stock options and two months after he announced job cuts affecting more than 10% of Tesla's global workforce in the face of slowing demand for EVs and intensifying price competition from Chinese rivals."Over the next few weeks, Tesla will be doing a comprehensive review to provide stock option grants for exceptional performance," Musk said in an email, according to the two people who reviewed it and are based in China and the U.S., respectively. They declined to be named as the memo is for internal use."There will also be an ongoing program to award spot option grants for anyone who does something outstanding for the company.

Tesla CEO Elon Musk told employees on Monday that the electric vehicle maker is working on stock-based compensation for high-performing employees, according to two people who reviewed an internal memo. The plan comes just days after Musk won shareholder approval for his $56 billion pay plan consisting of stock options and two months after he announced job cuts affecting more than 10% of Tesla's global workforce in the face of slowing demand for EVs and intensifying price competition from Chinese rivals.

Rome Giorgia Meloni was the winner of last week’s Group of Seven meeting. Whether giving French President Emmanuel Macron the stink eye or stitching up a deal to increase Italy’s clout in the European Union, the Italian prime minister had a good summit. Once stigmatized as a neofascist from the fringes of Europe’s hard right, Ms.

Minda Corporation as its 'top pick of the week'. This is on the back of its reasonable valuations, strong EV (electric vehicle) order wins, and EBITDA margin improvement.The brokerage has a ‘buy’ call on the stock with a target price of ₹502, implying a potential upside of 10 percent.Minda Corporation is one of India's leading manufacturers of automotive components, including Electronic & Mechanical Security Systems, Die Casting, Key Solutions, Telematics, ITS & IoT, Wiring Harnesses, SRCs, Components, Instrument Clusters, Sensors, and Interior Plastics.

China has criticised the G7 Leaders' Communique, accusing the group of using China-related issues as a pretext to vilify and attack the nation. In response to a media query on China's comment to G7 Leaders' Communique, Foreign Ministry Spokesperson Lin Jian denounced the G7's statements as baseless and biased, reflecting what Beijing views as a continued effort to perpetuate US and Western dominance in global affairs.

Rahul Gandhi chose to keep Rae Bareli and announced candidacy of his sister from Wayanad seat.Taking to X, Rajeev Chandrasekhar said the Congress decision to field Priyanka Gandhi from Wayanad was “shamelessness". “There is shamelessness and there is Cong type of shamelessness - imposing one member after another of their dynasty on voters of Wayanad - after shamelessly hiding the fact that Rahul was contesting from another constituency," Rajeev Chandrasekhar said.The BJP leader further alleged that this pattern of betrayal is the reason why the party has witnessed defeat for a consecutive third term.

semiconductors and critical minerals during the meeting of the India-US initiative on Critical and Emerging Technology (iCET), led by Indian National Security Adviser Ajit Doval and his US counterpart Jake Sullivan in New Delhi. India and the US Monday launched a new strategic semiconductors partnership to co-develop semiconductor design and manufacturing processes for precision-guided ammunition. «Launching a new strategic semiconductor partnership between General Atomics and 3rdiTech to co-develop semiconductor design and manufacturing for precision-guided ammunition and other national security-focused electronics platforms,» read the fact sheet issued by the US and India.

Rahul Gandhi will retain Rae Bareli and we have decided that Priyanka ji will fight from Wayanad."Explaining why Rahul Gandhi chose Rae Bareli over Wayanad, Mallikarjun Kharge said the decision was emotional because the Gandhi family has been fighting from this seat for generations. “Rahul Gandhi will retain his Raebareli seat because Raebareli has been close to him from before, that (area) has great attachment to the family, they have been fighting (in elections) from there for generations," he said.Congress has won Rae Bareli 17 of 20 times the elections were held and Rahul Gandhi's mother Sonia has held the seat since 2004.

Sensex rose 181.87 points, or 0.24%, to close at 76,992.77, while the Nifty 50 settled 66.70 points, or 0.29%, higher at 23,465.60. Indian stock market was closed on Monday, June 17, on account of Eid ul-Adha 2024.

Russian police have warned citizens to be wary of a new digital ruble-themed scam intended to scare them into sending money to fraudsters.