China Financial News

Alibaba, the prominent Chinese e-commerce giant, aims to revolutionize global delivery services by exploring one-hour deliveries using a rocket-based system in partnership with Beijing's Epoch Space. Facing fierce competition, especially in its flagship Taobao marketplace, Alibaba seeks to maintain its industry dominance. Previously offering five-day deliveries in key global markets through Cainiao Smart Logistics Network, Alibaba now ventures into rocket-based transportation to further expedite delivery times.

Maryam Nawaz on Friday said that Chinese nationals living in Pakistan get «resentful» when they are asked to follow security protocols, a week after five Chinese engineers were among six killed in a suicide bombing in the restive Khyber Pakhtunkhwa province. Maryam, the daughter of three-time former prime minister Nawaz Sharif, who became the first-ever woman chief minister of a province in Pakistan, while addressing her maiden Apex Committee meeting here said «the Chinese living here do not want to follow security discipline». «They are resentful when they are asked to follow security protocols. They don't want to come under any discipline as they fret over it,» she added.

China agreed to hold talks that will address a key American complaint about China's economic model, Treasury Secretary Janet Yellen said Saturday on the second day of an official visit to China. The two sides will hold «intensive exchanges» on more balanced economic growth, according to a U.S. statement issued after Yellen and Chinese Vice Premier He Lifeng held extended meetings over two days in the southern city of Guangzhou.

ALSO READ: US tech giants turn to Mexico to make AI gear, spurning China The Microsoft Threat Intelligence insights in the latest East Asia report were published by the Microsoft Threat Analysis Center (MTAC) on Friday. The report said it is expected that "Chinese cyber and influence actors, and to some extent North Korean cyber actors," will work toward targeting elections in "India, South Korea, and the United States". How China, North Korea might influence elections in India, US, South Korea? 1. China's influence operation (IO) seeks perspectives on US political topics: China had allegedly begun using generative AI to create sleek and engaging visual content.

Hima Kohli, who heads the Supreme Court's committee for family court matters, on Saturday suggested legislative amendments to expand the jurisdiction of family courts and enhance their efficacy for smooth and effective disposal of cases. In her keynote address at a two-day regional conference for northern zone on family court matters, Justice Kohli said the Family Courts Act which came into being in 1984 is comprehensive but it has its limitations which contribute to the inefficacy of family courts. A significant limitation of the Act is its silence on granting injunctions against domestic violence, she said. «The gap was partially addressed by the Protection of Women From Domestic Violence Act, 2005 but jurisdictional challenges persist,» Justice Kohli said.

Canadian Broadcasting Corporation (CBC) on Canadian intelligence service claim on New Delhi’s “interference” in Canadian elections in 2021 as uncorroborated and unsubstantiated. The allegations can further dent lukewarm India-Canada ties. In 2021, the government of India had «intent to interfere and likely conducted clandestine activities,» including using an Indian government proxy agent in Canada, according to an unclassified summary written by the Canadian Security Intelligence Service (CSIS), reported CBC.

Voting for 543 Lok Sabha seats in India will take place between April 19 and June 4, spread across seven phases. South Koreans will go to the polls in a general election on April 10 while the

precious metals such as gold? If yes, then you do not necessarily have to invest in the physical gold only. You may even invest in their digital avatar as well. These include sovereign gold bonds (SGBs) and gold ETFs (exchange traded funds).

US lauds India's policy of ‘forcing’ Russia to sell oil at bigger discounts "Agreed that the US and China will hold intensive exchanges on balanced growth in the domestic and global economies. These exchanges will facilitate a discussion around macroeconomic imbalances, including their connection to overcapacity, and I intend to use this opportunity to advocate for a level playing field for American workers and firms," Yellen said. On Friday, Yellen chided China for “unfair" treatment of American and other foreign companies.

global capability centres (GCCs) set up in India during the December quarter of last year were in the semiconductor space, signaling a growing interest in leveraging the local talent pool in areas spanning front-end design, performance testing, and post-silicon validation, according to a Nasscom-Zinnov report. Among the recent additions to the semiconductor sector is Signature IP, a company established in 2021 with a focus on advancing network-on-chip (NoC) technology. EdgeCortix designs AI-specific processor architecture from the ground up, and M31 Technology Corporation is a silicon IP provider. M31, with a centre in Bengaluru, is involved in IP development, IC design, and electronic design automation fields, including memory compilers and standard cell library solutions.

China -U.S. Treasury Secretary Janet Yellen said on Saturday that she and Chinese Vice Premier Hi Lifeng agreed to launch exchanges on balanced growth in domestic and global economies, an effort she said partly aimed at addressing U.S. concerns about China's excess manufacturing capacity. After two days of economic talks in China's southern export hub of Guangzhou, Yellen said she and He also agreed to start a forum to cooperate on anti-money laundering efforts in their respective financial systems.

(Exciting news! Mint is now on WhatsApp Channels. Subscribe today and stay updated with the latest financial insights! Click here!) The majority of experts expect crude oil prices to move higher in the short term due to supply-related factors and escalating geopolitical tensions.

Bank that a June rate cut is really coming, though oil is on the rise again, clouding the inflation picture — and giving policy makers in Canada, New Zealand and Korea food for thought. China gears up to release a deluge of key data and U.S. banks kick off the earnings season.

₹915.00. In the past 1 day, the Mentha oil rate on MCX has decline 0.6% from ₹925.70 to ₹915.00.Mentha oil is an essential oil obtained from a mint plant and India is one of the leading producers and exporters of mentha oil. Mentha oil is used in food, pharma, soaps, and other skincare/personal care products.

Gold and silver rates today: Despite the rise in the US dollar rates, gold and silver prices continue flirting with record highs throughout the week on US Fed rate cut buzz. Gold futures contract on the Multi Commodity Exchange (MCX) for June 2024 expiry climbed to a new peak of ₹70,699 per 10 gm on Friday. Silver rates too climbed to a new peak of ₹81,030 per kg on the last session of the week gone by.

Government of India had tried to use its proxy agency in Canada in 2021, according to an unclassified summary written by the CSIS. Similarly, the Government of Pakistan had also attempted to “clandestinely influence" the Canadian politics in 2019, Canada's foreign intelligence agency wrote as quoted by cbc.ca. The documents submitted as part of the federal commission inquiry into foreign influence contain stark assessments — potential interference in Canada's elections by India, China, Russia, and other countries.

Robotaxi on August 8, CEO Elon Musk announced in a social media post on his site X (formerly known as Twitter). This comes as Tesla registers weak sales amid competition from affordable Chinese electric vehicles (EVs), Bloomberg reported. Following the announcement, Tesla's shares surged by up to 5.1 percent in postmarket trading in New York.

Lok Sabha polls, Chinese cyber and influence operatives, along with North Korean cyber agents may divert their efforts with these electoral processes, ToI reported quoting a Microsoft analysis. Starting from April 19 to June 1, India will cast their vote to choose 543 members of the Lower House of the Parliament.. The general election polls will be held in seven phases: April 19, April 26, May 7, May 13, May 20, May 25, and June 1, with Bihar, West Bengal, and Uttar Pradesh conducting voting across all seven stages. The results will be announced on June 4, 2024. «China will, at a minimum, create and amplify AI-generated content that benefits their positions in these high-profile elections. While the impact of such content in swaying audiences remains low, China’s increasing experimentation in augmenting memes, videos, and audio will continue—and may prove effective down the line,» the Microsoft analysis claimed.

The hacking prowess seems to have taken a massive surge and the suspicion falls upon Xi Jinping's China government which has a long history of cyber-hacking Western government officials, mostly in the United States and United Kingdom.

United Nations, India on Friday abstained in the UN Human Rights Council on a resolution that called for an immediate ceasefire in Gaza and also demanded that Israel immediately lift its illegal blockade on the strip. The draft resolution on the 'Human rights situation in the Occupied Palestinian Territory, including East Jerusalem, and the obligation to ensure accountability and justice' was adopted by the Geneva-based Council with a vote of 28 in favour, 6 against and 13 abstentions. India abstained on the resolution, along with France, Japan, Netherlands, and Romania among others. Those voting against the resolution included Argentina, Bulgaria, Germany and the US.

Southest Asian finance ministers and central bank governors have ended meetings in the Laotian city of Luang Prabang citing progress in building stronger regional institutions, but also noting serious challenges due to geopolitical tensions and volatil...