China Financial News

20.04 / 13:58

Aviat wellness President Experts War show Taiwan's defence ministry detects 21 Chinese military aircraft

Taipei's defence ministry said it had detected 21 Chinese military aircraft around the self-ruled island since 8:15 am (0015 GMT) on Saturday, a month before Taiwan's May 20 inauguration of incoming president Lai Ching-te. «17 aircraft (of the 21) crossed the median line and its extension, entered our northern, central, and southwestern (air defence identification zone), and joined PLA vessels for joint combat patrol,» it said in a statement posted on X around 11:30 am. Taiwan's armed forces «are monitoring the activities with our joint surveillance systems, and have dispatched appropriate assets to respond accordingly.»

20.04 / 13:06

Election '22 persons have same money as population of 70 cr': Rahul Gandhi says 'PM Modi brings demonetisation, GST for them'

Lok Sabha election 2024: Congress leader Rahul Gandhi on Saturday claimed that currently, 22 Indians have the same money as the population of the remains 70 crore combined. He claimed that Prime Minister Narendra Modi gave these 22 “all the money of banks" and introduced the GST and demonetisation to help them.

20.04 / 12:15

Platform economy Election ByteDance TikTok Bill social X owner Elon Musk says opposed to US ban of competitor TikTok

Elon Musk on Friday came out against banning TikTok in the United States, even if it would mean less competition for his social media platform X, formerly Twitter, as the initiative sees fresh bipartisan momentum in Congress.

20.04 / 10:05

markets Manufacturing security Tesla Election SpaceX country Elon Musk’s India trip may see breakthroughs for Starlink, Tesla

Tesla Inc.’s largest-ever round of layoffs and hours before its quarterly earnings, Elon Musk will fly to India to squeeze in a meeting with Prime Minister Narendra Modi. It’s not an idle period for Modi either, who’s criss-crossing states for election rallies days after voting kicked off in the world’s biggest ballot where he’s seeking a third term.

19.04 / 22:49

Google google ads Google Ads Promotes Fake Crypto Website Leading to Phishing Scam

Google’s online advertising platform, Google Ads, is promoting malicious crypto websites, exposing users to a phishing scam.

19.04 / 20:38

Google Action stage Videos Investigations play Google sues crypto scammers using Play Store to lure victims

The two app developers based in China and Hong Kong were accused by Google for uploading 87 false apps and tricking over 100,000 people to download them since 2019. Google estimates that victims lost between $100 to tens of thousands of dollars each.

19.04 / 16:02

CEO Platform cover stars recommendations donates bowling Fallen crypto mogul Sam Bankman-Fried sentenced to 25 years in prison

Crypto entrepreneur Sam Bankman-Fried has been sentenced to 25 years in prison for a massive fraud that unravelled with the collapse of FTX, once one of the world’s most popular platforms for exchanging digital currency.

19.04 / 12:02

Platform ByteDance TikTok Bill social rights Legislation that could force a TikTok ban revived as part of House foreign aid package

Legislation that could ban TikTok if its China-based owner doesn’t sell its stake has won a major boost as House Republicans included it in a package of bills that would send U.S. aid to Ukraine and Israel

19.04 / 12:01

COST FIVE SUN Research show country Bjorn Lomborg: Why solar and wind power aren’t winning

We are constantly being told that solar and wind are now the cheapest forms of electricity. Yet governments around the world felt they had to spend US$1.8 trillion on the green transition last year.

19.04 / 07:04

CBDC China Opens e-CNY Research Institute, Appoints First Expert Panel

The e-CNY Research Institute has been inaugurated to support advancements of China’s central bank digital currency (CBDC).

19.04 / 07:03

Citi Target FIVE President information reports 5 Japanese workers escape suicide bombing in Pakistan, 3 bystanders injured

e suicide bombing incident that took place in Pakistan's port city of Karachi, said police, adding that the attacker detonated his explosive-laden vest near a van carrying the workers. Local police chief Arshad Awan said said the vehicle was heading to an industrial area where five Japanese nationals worked at Pakistan Suzuki Motors, The Associated Press reported. Police escorting the Japanese returned fire after coming under attack, killing an accomplice of the suicide bomber whose remains were found from the scene of the attack.

19.04 / 05:59

Google Mobile Software Browser innovations Features Interviews Google is combining its Android software and Pixel hardware divisions to more broadly integrate AI

Google says it will combine the software division responsible for Android mobile software and the Chrome browser with the hardware division known for Pixel smartphones and Fitbit wearables

19.04 / 05:59

UPS Citi country consequences politician Scandals International Financial A trial is underway for the Panama Papers, a case that changed the country's financial rules

Eight years after 11 million leaked secret financial documents revealed how some of the world’s richest people hide their wealth, more than two dozen defendants are on trial in Panama for their alleged roles

19.04 / 05:59

markets Fighting Trade President War innovations NOT Europe wants 2 things from China. It may not get far on either of them.

Europe wants two things from China: First, a shift in its relatively pro-Russia position on the war in Ukraine

19.04 / 05:59

markets UPS Gap Strategy Trade President reports 'There is no time to waste': EU leaders want to boost competitiveness to close gap with US and China

European Union leaders debated at a summit in Brussels a new “European Competitiveness Deal” aimed at helping the 27-nation bloc close the gap with Chinese and American rivals

19.04 / 05:59

markets COST UPS CEO reports Nokia sees double-digit fall in January-March sales as weak market for 5G technology prevails

Wireless and fixed-network equipment maker Nokia has reported a smaller-than-expected profit and a substantial double-digit fall in sales in the first quarter due to a market weakened by a lack of investment by clients in 5G technology

19.04 / 05:10

UPS Citi Target Strategy Analysis reports China's fiscal stimulus is losing its effectiveness, S&P says

BEIJING — China's fiscal stimulus is losing its effectiveness and is more of a strategy to buy time for industrial and consumption policies, S&P Global Ratings senior analyst Yunbang Xu said in a report Thursday.

19.04 / 04:09

markets UPS security reports International Gold Prices Gold prices jump after escalation in Iran-Israel war. Should you buy in this rally?

Gold rate today: On account of rising geo-political tension in the Middle East region, gold prices witnessed buying interest during the early morning session on Friday. Gold price on the Multi Commodity Exchange (MCX) opened upside and went on to touch an intraday high of ₹72,869 per 10 gm. In the international market, spot gold price also showed upside movement and came close to $2,400 per troy ounce levels in early morning deals.

19.04 / 04:09

Google security Apple WhatsApp country information reports Apple removes Meta's WhatsApp, Threads from iOS store as China flags security concerns

China storefront based on their national security concerns," Apple said in a statement, Bloomberg reported. “These apps remain available for download on all other storefronts where they appear," it said. The move follows a government cleanup initiative launched in 2023, which aimed to remove unregistered or inactive apps from app stores like Apple's iOS and Google's Android.

18.04 / 19:31

goldman sachs Bitcoin Halving Bitcoin Etf Goldman Sachs Warns Bitcoin Investors – Don’t Read Into Past Halving-Cycles

In a note to clients, Goldman Sachs, one the world’s largest investment bank, advised against extrapolating data from previous Bitcoin halving cycles due to macroeconomic changes.

18.04 / 13:41

markets Action economy Fed’s slower pace spreads to emerging markets

Asian central banks’ need for assertive defense of their currencies is driving traders to turn less dovish on monetary policies in the region.

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