China Financial News

Lloyd Austin visited Cambodia on Tuesday in an effort to reset ties with the staunch China ally.

troops stationed on a warship grounded on a disputed South China Sea shoal held on to their weapons after Chinese coast guard boats came very close to the ship but they did not point their guns at them, military officials said on Tuesday.

NMDC Hindustan Copper share price fell 15-19% during the intraday trades leading to the fall in index.The Public Sector undertaking as National Aluminium Company (NALCO) , Steel Authority of India Ltd (SAIL), NMDC Hindustan Copper led the fall in the Nifty index. The Investor confidence that had remained high on public Sector undertaking as Nalco, SAIL, NMDC and Hindustan copper however got impacted with ruling Bhartiya Janta Party led National Democratic alliance not receiving the mandate as per expectations in the Lok Sabha 2024 elections as indicated by the early trends.Also Read- Multibagger PSU stocks including PFC, REC, RVNL fall up to 25%; Nifty PSE index hits 2-month lowThe other metal companies as Tata Steel, Jindal Steel and Power, JSW Steel, Hindalco Industries Vedanta Ltd , Hindustan Zinc Ltd share prices also saw sharp 6-9% fall and were not much behind the Public sector pack.The confidence on steel demand has remained strong in the country led by government led infrastructure spending and hence the Lok Sabha Election results outcome not meeting expectations meant that the investor sentiments were bound to get hurt, said an analyst at a domestic broking.The APL Apollo Limited share price also corrected more than 5%.

China against ChatGPT; introduces its own secure AI system rooted in Xi Jinping's ideologyAccording to Downdetector data, 81% of users who reported problems said they had problems accessing ChatGPT, 14% said they had problems accessing the OpenAI website and 5% had problems using the ChatGPT app.While acknowledging the issue in a support page, OpenAI wrote, “ChatGPT is unavailable for some users". In a post on the same support, OpenAI wrote on 1:32 AM PDT (around 2:00 PM India time), “Identified the issue and mitigating."In an ensuing post, OpenAI wrote, “We are continuing to work on a fix for this issue."Meanwhile, ChatGPT users went on social media websites like X (formerly Twitter) and Instagram in order to verify if the AI service was actually facing issues.Aso Read | Scarlett Johansson alleges ChatGPT sounds just like ‘her’.

That India has made impressive strides in expanding its road infrastructure is undeniable and very visible. Going by historical metrics, one can also possibly justify this expansion. After all, India has a mere 5.13km of road length per 1,000 people, against more than 20km in the US.

robot or robotics, what’s the first thing that comes to mind? For many of us, it’s the iconic movie Robot starring Rajinikanth. One important takeaway from it was the potential impact of robots on human lives. The movie depicted a future in which robots could replace humans, and given the rapid advancements in robotics and AI, it's hard to deny that this fiction could one day be our reality.

Temu, a popular marketplace where consumers can buy direct from factories overseas at cheap prices, is drawing concerns from lawyers and privacy experts who allege the shopping app can be “invasive” for unwitting users.

China's factory activity grew the fastest in about two years in May due to production gains and new orders, particularly at smaller firms, a private sector survey showed on Monday, lifting the outlook for the second quarter.

A Chinese trader recently fell victim to a sophisticated hacking scam, losing $1 million due to a compromised Google Chrome plugin, which gained access to the trader’s Binance account.

Iran's foreign ministry has summoned the Chinese ambassador in Tehran to protest about a China-UAE statement related to Iran's sovereignty over three Islands also claimed by the UAE. During Sunday's meeting with the Chinese ambassador in Tehran, Mohammad AliBek, an aide to the foreign minister and the director general of the Iranian Foreign Ministry's Persian Gulf Department, recalled the special ties between the two sides and noted that respect for the sovereignty and territorial integrity of the countries is one of the renowned and fundamental principles in international relations.

Oil prices edged lower on Monday as investors digested the complex deal brokered by producer group OPEC+ to extend various layers of output cuts, much of them into 2025. Brent crude futures for August delivery were down 42 cents at $80.69 a barrel by 1318 GMT. U.S. West Texas Intermediate (WTI) crude futures for July delivery slipped 45 cents to $76.54.

Israeli tourists are warmly welcomed and treated with utmost hospitality," the Israeli Embassy in India said in a post on X and also shared a list of recommendations.The posts mentioned the beautiful beaches of Goa, Kerala, Lakshadweep, Andaman & Nicobar Islands as alternative tourist destinations to Maldives, primarily known for its serene beaches. Israeli Embassy's promotion comes as India and Maldives relations took a nose dive after the election of President Mohamed Muizzu, who came to power on the backs of the ‘India OUT’ campaign. Mohamed Muizzu has displayed close proximity to China and forced India to withdraw its troops from the island nation.

The Romance Writers of America has filed for bankruptcy protection following several years of infighting and allegations of racism

Donald Trump and other Republicans say President Joe Biden’s policy to promote electric vehicles is unfair for consumers and amounts to government overreach

Saudi Arabia and allied oil producing countries have extended their deep output cuts aimed at supporting slack prices

BBC reported on 3 June.The Chinese ministry, in a post on its official WeChat channel, stated that MI6 operatives turned a Chinese man identified only by his surname Wang and his wife surnamed Zhou against Beijing, the report said, adding the duo worked in 'core confidential' departments in a Chinese state agency.ALSO READ: US and allies clash with China and Russia over North Korea's launches and threats to use nukesAccording to the report, the Chinese ministry also alleged the UK's Secret Intelligence Service began cultivating Wang in 2015 when he went to the UK for his studies under a Sino-British exchange programme."Wang was initially hesitant but could not resist [the operatives'] repeated persuasion, enticement and even coercion, and eventually agreed," BBC quoted the ministry said in a statement on WeChat, that added, "Under Wang's strong instigation, Zhou agreed to collect intelligence... and he and his wife became British spies."Adding more, China said that UK took 'special care' of Wang and invited him to dinners.

Business in India," Jonathan Hymer, the Minister Counsellor for Commercial Affairs at the United States Embassy in New Delhi, welcomed Alexander Slater, the Managing Director of the US India Business Council, to discuss the evolving business landscape in India post-pandemic.

far side of the moon and China’s longer-range plan is to have a crewed lunar mission by 2030, followed by a permanent lunar base. Nasa’s crewed Artemis III mission is scheduled to land on the moon in 2026. Isro has not prioritized humans in space, but still has plans to send humans into low-earth orbit this decade and land on the moon by the end of the next one.

Kotak AMC CEO Nilesh Shah's suggestion of working 84 hours a week for nation-building, calling it “impractical and counterproductive". She highlighted research showing that excessive work hours reduce productivity and harm physical and mental health.

Lok Sabha constituency in western Tamil Nadu is witnessing an intense electoral battle in 2024. Key contenders include K. Annamalai from the Bharatiya Janata Party (BJP), Ganapathi P. Rajkumar from the Dravida Munnetra Kazhagam (DMK), Singai G. Ramachandran from the All India Anna Dravida Munnetra Kazhagam (AIADMK), and Kalamani Jeganathan from the Naam Tamilar Katchi (NTK).

Kotak AMC, has said that for India to accelerate its growth, one generation should adopt the work ethic seen in countries like Korea, Japan, and China, where people consistently work 12-hour days.He was speaking during a podcast, “Invest Aaj For Kal with Anant Ladha." Ladha posted a clip of the podcast on the social networking site X, in which Shah can be heard saying, “We need to work 12 hours per day for 365 days."Also Read | Bill Gates to Elon Musk and Mark Zuckerberg — A look at the hobbies tech billionaires enjoyEconomist and writer Sanjeev Sanyal, concurred, stating that a generation must work diligently yet also prioritize family and emphasize their role in India's progress. "I agree. One generation will have to put in that effort …..