China Financial News

gold surged this year to its highest price ever, Xena Lin joined the frenzy by making monthly purchases of gold «beans,» pebble-like morsels of the precious metal. For Lin, a 25-year-old administrative worker in southern China, the $80 beans — small enough to rest on a fingertip and weighing about one-thirtieth of an ounce — were an affordable way to buy into the gold excitement without splurging for jewelry, gold bars or coins. She had dabbled with investing in stocks in the past, but she said buying gold, especially in this fun way, inspired her to continue investing.

Shiv Sena (UBT) chief Uddhav Thackeray on Sunday said even if the BJP opens the door for him, he will not go back to his former ally, accusing the saffron party of sinking his government in 2022 through «treachery». Addressing a rally at Alibaug in Maharashtra's Raigad district, Thackeray claimed if the BJP wins the Lok Sabha polls, crackers will be burst in India as well as in China as there will be a «timid» government in New Delhi. He slammed the BJP over Prime Minister Narendra Modi's remarks that Pakistan was eager to make Congress MP Rahul Gandhi India's next PM. Thackeray said the former ally resorts to fearmongering using Pakistan's name during polls. Referring to the Poonch terror attack, Thackeray said the PM and Union Home Minister Amit Shah won't go there, but visit Maharashtra to destroy him.

foreign policy today affects every citizen, External Affairs Minister S Jaishankar said that if India had not been clear on the Russia-Ukraine war, petrol price would have gone up. Highlighting the pressure and the problems India faced, Jaishankar said, «Look at one example. We had this pressure on Russia and Ukraine. We were clear. Suppose we had not been clear. Suppose we had said. Sorry. Sorry. You are saying it very strongly. We will not do what we did. Your petrol price would have gone up by Rs 20 because of that.» «We take a stand on foreign policy for average citizens,» he said during an interactive session in Odisha's Cuttack.

Predator drones at air bases in Sarsawa and Gorakhpur in Uttar Pradesh, for upgrading their surveillance capabilities all along the Line of Actual Control with China from Ladakh to Arunachal Pradesh. The drone deal, expected to be worth around USD 4 billion is being done at tri services level with the Indian Navy leading the negotiations for it with the American side. «The MQ-9B drones require a significant runway length for take off and landing which are available with the Indian Air Force. That is why, the Army dornes are planned to be deployed with the IAF at airbases in Sarsawa and Gorakhpur,» defence officials told ANI.

West Virginia Sen. Joe Manchin says new rules governing electric vehicle tax credits are a giveaway to China

The chief of staff of a Chinese businessman sought by the government of China has pleaded guilty to conspiracy charges weeks before her boss goes to trial in New York in a fraud case

Ukraine, trade and investment are expected to dominate Chinese leader Xi Jinping's first trip to Europe in five years, which starts in France on Monday

BSF) on Sunday recovered two drones from different locations in the border area of Amritsar, officials said. «On 5th May 2024, based on information by the BSF intelligence wing regarding the presence of drones in two different locations in the border area of Amritsar district, search operations by BSF troops were conducted in the suspected areas,» the Border Security Force stated. «One drone (a China-made DJI Matrice 300 RTK) at about 06:15 am recovered from the courtyard of an abandoned house of village Hardo Ratan in Amritsar District. One drone (China-made DJI Mavic 3 Classic) at about 08:25 am, recovered from a harvested field adjacent to the village Nestha of district Amritsar,» it added.

Indian Embassy here has held its first interactive session with the Indian students who suffered the most during the three-year COVID-19 period following China's visa bans prolonging their academic periods for several years. Around 80 old and new students from more than 13 Chinese universities took part in the «welcome and interaction ceremony» held on May 4. Indian Ambassador to China Pradeep Kumar Rawat, and Counsellor Nitinjeet Singh interacted with the students and heard their grievances and experiences during Saturday's meeting.

SINGAPORE—In explaining China’s recent export surge, which has alarmed business leaders and politicians in the U.S. and Europe, many have blamed the country’s lavish manufacturing subsidies and bulging industrial capacity. But there is another factor at play: China’s currency, and inflation—or its absence.

'Don't read too much into it…': Rajnath Singh on PM's 'mangalsutra' remark "We will not have to use force to take PoK as people would say that we must be merged with India. Such demands are now coming," he said. The defence minister asserted that "PoK was, is, and will remain ours".

Nifty ended last week marginally higher as earnings, Fed meeting and election-related speculations kept investors busy. While most sectors are contributing positively except for IT, banking performance is likely to heavily influence market sentiment, analysts say.

Also Read | Japan’s Kanda Declines to Say If Authorities Intervened on Yen Yellen acknowledged that the yen had experienced significant shifts in a short period, stating, “We would expect these interventions to be rare and consultation to take place." This statement follows reported actions by Japanese authorities who purportedly entered the market to bolster the yen after it fell beyond 160 to the dollar for the first time in 34 years, and again after comments by Federal Reserve Chair Jerome Powell on U.S. interest rates, the report further added.

Indian Space Research Organisation (ISRO) planning its next Moon mission – Chandrayaan-4, also aimed at bringing back lunar samples. Here's a look at the difference between China's latest Chang'e-6 mission, its 2026 mission, Chang'e 7, which aims to explore lunar south pole and India's Chandrayaan 4 mission. As per the CNSA, the Chang'e 6 is the world's first attempt to retrieve substances from the moon's far side – the side which is not visible from the Earth.

Vanuatu. Let’s be honest and there’s no shame here: you did not even know that this was a country. It’s a string of islands east of the northern part of Australia in the Pacific and its last recorded population was 3.27 lakh people. Of these about 50% are ruled out from this story by virtue of being male. Of the 1.6 lakh remaining, you can leave out another half on the basis that they would be either too young or old to make a cricket team. And so, from a potential pool of 80,000 (a generous estimate because not everyone is interested in one sport), emerges a team that was in contention for a berth in a World Cup comprising 10 teams from across the globe.

Rats! They fought the dogs and killed the cats/ And bit the babies in their cradles/ And ate the cheese out of the vats/ And licked the soup from the cooks' own ladles.' Had he been around today, Robert Browning might have penned those lines to describe not medieval Hamelin, but present-day New York City. NYC has been plagued by an infestation of rodents, which has left it, known for a different kind of rat race, in dire straits. While it is no stranger to rats, there's been a Malthusian population explosion of the varmints who lurk in abandoned tenements and vacant lots. To confound the pestiferous problem, civic authorities must contend with animal rights advocacy, which disapproves of the eradication methods, involving employment of specially trained hunting dogs, painful glue traps, or the use of poisons, which lead to a lingering demise.

Sir Alexander Fleming returned to his lab in St. Mary’s Hospital in London, a big surprise was waiting. He found a blue-green mould growing in one of the petri dishes. Intrigued, his mind went probing on the cause of contamination. Soon Fleming realised he had stumbled upon a discovery that would be hailed as one of the world’s biggest medical breakthroughs. By sheer serendipity, Fleming found the mould had destroyed colonies of staphylococcal bacteria around it. Penicillin — the nemesis for the deadliest bacterial infections — was born. Gruelling work followed. In 1945, Fleming along with his legendary team of researchers Ernst Chain and Sir Howard Florey were awarded the Nobel Prize in physiology and medicine. As World War II unleashed deaths and miseries, a miracle weapon armed doctors against life-threatening bacterial infections. Until then, minor cuts or bruises carried risks of deaths. Penicillin saved lives of soldiers grievously injured during the war. An article in Science Museum describes the quick build-up to make the drug. It says such was its demand that scientists used every conceivable object — from bed pans to bathtubs — to store volumes of broth for the fermentation process. Gallons of mould broth were needed to get a fingernail of penicillin, says the article. With time, as scientists developed better methods of extraction, it spawned dozens of producers across Europe and the US.

Power grids, telecommunication networks and orbiting satellites can be hit hard across the world as two colossal solar flare explosions have occurred recently. These solar flares can also expose astronauts to dangerous doses of radiation. Solar flare explosions trigger geomagnetic storms which in turn spark dynamic aurora displays visible at latitudes beyond their 'normal' polar range. According to 'space.com', the first eruption took place on May 2 when the sun released the most powerful category flare, an X-class solar flare. It caused shortwave radio blackouts across Australia, Japan and much of China. The second solar explosion occurred on May 3, when an M-class solar flare, peaked around 4:00 a.m. EDT (0800 GMT).

Canada-based proxies, engage in a range of activities that seek to influence Canadian communities and politicians to «align» Ottawa's position with New Delhi's interests on key issues, particularly concerns over Khalistani separatists in Canada, an official probe has found. The findings in the interim report by Commissioner Marie-Josee Hogue, who is leading the independent public inquiry, found evidence of foreign interference in Canada's last two federal elections in 2019 and 2021 but the results of the votes were not affected and the electoral system was robust. India has previously rejected as «baseless» the allegations of its interference in Canadian elections and asserted that the core issue has been Ottawa's meddling in New Delhi's internal affairs.

Metal stocks have been on a roll lately. The Nifty Metal index has been up significantly, with gains of over 50%, in the last one year. ETMarkets spoke to Sonam Srivastava, Founder & CEO of Wright Research, to understand the factors behind the rally and more. Edited excerpts:

One of the reasons why our economy's growing is because of you and many others. Why? Because we welcome immigrants," Joe Biden said at a Washington fundraising event, adding, “Why is China stalling so badly economically, why is Japan having trouble, why is Russia, why is India, because they're xenophobic.