China Financial News

The World Happiness Report 2024, a partnership of Gallup, the Oxford Wellbeing Research Centre, the UN Sustainable Development Solutions Network, and WHR’s Editorial Board, is out. Mint evaluates its metrics to explain why it may not be the final word on happiness. India is ranked 126 out of 143 nations surveyed.

(Reuters) -China has introduced guidelines to phase out U.S. microprocessors from Intel (NASDAQ:INTC) and AMD (NASDAQ:AMD) from government personal computers and servers, the Financial Times reported on Sunday.

Tim Cook said artificial intelligence is an essential tool for helping businesses reduce their carbon footprint, as he joined a climate change dialog Sunday at the China Development Forum. Cook took part in a discussion at the annual Beijing event as the culmination of a week of public displays of his company’s commitment to China. He earlier met Commerce Minister Wang Wentao and announced plans to invest further in Apple’s supply chain, stores and research in the country.

The United States and its liberal democratic allies may be facing off with authoritarian powers Russia, Iran and China as wars in Ukraine and Gaza inflame global rivalries. But to Islamic State, they’re all enemies of the Muslim faith that should be annihilated.

By Colleen Howe and Jing Xu

slowdown among Chinese shoppers have dogged the luxury industry for the better part of a year. Last week the scale of the problem hit home for one of fashion’s biggest but most exposed brands, Gucci. French group Kering SA saw $9 billion wiped off its market value after warning that sales of the Italian label’s products in China have slumped this quarter. The slowdown is also starting to show up in other corners of the luxury industry.

Young Americans, fed up with U.S. social media and its fake compliments and flagrant insults, are looking for something revolutionary: honest but civil feedback. And they’re turning to a Chinese app for it.

Chief Minister Pinarayi Vijayan and said he was making statements with the intention of fostering communal division. BJP state chief K Surendran, while addressing the media here, said the decision to withdraw cases registered against the anti-CAA protestors was taken to appease a particular community. He said the chief minister was violating the Model Code of Conduct (MCC) by withdrawing the cases and his party will approach the Election Commission of India (ECI).

Philippine troops were injured in the latest China Coast Guard water cannon attack on a Filipino supply vessel near a South China Sea reef, Manila's national security adviser said Sunday. The Philippine government said Saturday's confrontation caused severe damage to the Unaizah May 4 vessel while it was on its way to deliver troops and provisions to a Philippine navy ship grounded atop the Second Thomas Shoal. China claims almost the entire South China Sea, brushing off rival claims from other countries, including the Philippines, and an international ruling that its assertion has no legal basis.

GTRI said on Sunday. China's automotive industry, buoyed by substantial state support, has grown rapidly in electric vehicle technology, making it a leading exporter of EVs and related components, the Global Trade Research Initiative (GTRI) said. The renewed policy push to make India a hub for e-vehicle manufacturing and efforts of the private sector will lead to a sharp increase in dependence on auto component imports from China, the report said. India's auto component imports were USD 20.3 billion in 2022-23 of which 30 per cent came from China.

As Fed policymakers stuck to their path of lowering rates this year, the Bank of England also moved closer to cuts. Here are some of the charts that appeared on Bloomberg this week on the latest developments in the global economy:

Yemen Saturday by ballistic missiles fired by H0uthi rebels, who have intensified strikes on Red Sea shipping, the US military said. The Panamanian-flagged, Chinese-owned and operated Huang Pu issued a distress call but did not request assistance, US Central Command (CENTCOM) said in a statement on social media platform X early on Sunday.

Taliban what a relentless foe the Islamic State's affiliate in Afghanistan can be. Much of the West considers the Taliban, which reclaimed power in the country in 2021, to be an extremist Islamic movement. But the Islamic State-Khorasan, the affiliate that took responsibility for a terrorist attack in suburban Moscow on Friday, has slammed the Taliban government, calling the group's version of Islamic rule insufficiently hard-line. The Islamic State-Khorasan, or ISIS-K, is one of the last significant antagonists that the Taliban face in Afghanistan. It has carried out a bloody drumbeat of attacks throughout the country in recent years, seeking to use the violence to undermine the Taliban's relationships with regional allies and to portray the government as incapable of providing security in Afghanistan, experts say.

S Jaishankar has reiterated India's firm stance on the territorial integrity of Arunachal Pradesh during his visit to Singapore, strongly opposing China's claims over the northeastern state, as per an ANI report. Speaking at the Institute of South Asian Studies of the National University of Singapore, Jaishankar dismissed China's claims as "ludicrous," affirming that Arunachal Pradesh is an integral part of India based on its status within the country, not on external assertions. Responding to recent assertions by China, he said that India has consistently rejected such claims, reiterating that Arunachal Pradesh is an inherent part of the nation.

coal to history, the dirtiest fossil fuel is having a moment. Thanks to a combination of China’s energy insecurity — pushing Beijing back to trusted power sources — plus rising Indian demand, the continued fallout from the war in Ukraine and faltering international programs to wean developing economies off fossil fuels, coal is proving remarkably resilient. Output hit a record last year, and producers are preparing for a future where they will be required for decades yet to balance renewable energy. Even prices are holding up. While thermal coal is trading at just a fraction of the lofty levels reached in 2022, after Russia’s invasion of its neighbor, prices are still well above historic norms. Benchmark Newcastle coal futures are changing hands just under $130 a ton, roughly a quarter of the peak but higher than any level between 2011 and 2020.

BEIJING (Reuters) -China will carefully study issues of market access and cross-border data flows and will soon issue new regulations in these areas, Premier Li Qiang told an audience of global CEOs and Chinese policymakers on Sunday.

Congress releases 4th list for Lok Sabha polls, fields Ajay Rai against PM Modi According to The Wire's old report, Rai is a graduate of the Kashi Vidyapeeth in Varanasi. As a student, he was a convenor of the BJP's student wing Akhil Bharatiya Vidyarthi Parishad (ABVP) in 1991-92. Ajai Rai also actively participated in the Ram Janmabhoomi movement, and went to jail under the preventive section of the law.

Electric vehicles (EVs) are set to scale a new milestone, breaching the 100,000 sales mark this financial year (FY24), fuelling the government’s ambitious aim of electrifying up to 30% of all passenger vehicle sales by 2030. The sales surge would be propelled by falling battery prices and resultant product price cuts by some automakers, robust government support for eco-friendly vehicles, higher prices of fossil fuels and growing environmental awareness among consumers. Launch of new models by automakers is also helping attract new buyers into this segment. This year’s sales performance would mark a 67% jump from the 60,910 electric PVs sold in FY23. In the electric two-wheeler segment too, sales are expected to climb 25% to an all-time high of more than 758,000 units this fiscal, according to market research firm Jato Dynamics.

gaming market in the world, boasting a user base of 568 million gamers and over 9.5 billion gaming app downloads in 2023, a recent report has revealed. The report, titled ‘Robust Fundamentals to Power Continued Growth’, found that India contributes approximately 20% of the world’s total mobile game downloads, surpassing even the combined download totals of the next two: The US and Brazil.

SEOUL (Reuters) -North Korean and Chinese officials have met in Beijing and committed to further develop bilateral ties, North Korean media said on Sunday, as Pyongyang seeks to expand its diplomatic engagement after COVID-19 lockdowns.

Here's what Jaishankar said | Top 5 points Jaishankar said Pakistan is sponsoring terrorism at almost an "industry level". asked, "How do you deal with a neighbour who does not hide the fact that they use terrorism as an instrument of statecraft?" "It's not a one-off happening...but very sustained, almost at an industry level...So what we have come to conclude is that we have to find a way of addressing (the menace)," he said, adding that dodging the problem "gets us nowhere, it only invites more trouble." He said he doesn't have a "quick instantaneous fix (to this issue)". He, however, said India will not skirt this problem anymore.