China Financial News
30.03 / 02:47
Fighting
security
President
War
travelers
peace
Pentagon chief Hegseth says 'warrior' Japan indispensable to deter China
U.S. Defense Secretary Pete Hegseth said on Sunday that Japan was indispensable in tackling Chinese aggression by helping Washington establish a «credible» deterrence in the region, including across the Taiwan Strait. «We share a warrior ethos that defines our forces,» Hegseth told Japanese Defence Minister Gen Nakatani at a meeting in Tokyo. Calling Japan a «cornerstone of peace and security in the Indo-Pacific», the Pentagon indicated that suggested President Donald Trump's government would, like past administrations, continue to work closely with its key Asian ally. Japan hosts around 50,000 U.S. military personnel, squadrons of fighter squadrons and Washington's only forward deployed aircraft carrier strike group along a 3,000-km (1,900-mile) archipelago that helps hem in Chinese military power. Hegseth's praise of Japan contrasts with the criticism he levelled at European allies in February, telling them they should not assume the U.S. presence there would last forever.
29.03 / 16:27
COST
security
community
President
strain
Features
Donald Trump set on taking over Greenland at any cost: Here's why he is willing to threaten NATO ally Denmark for the world's biggest island
Greenland on Friday, accusing Denmark of neglecting the territory by “underinvesting” in its infrastructure and communities. The trip, which included a stop at a U.S. military base, coincided with renewed efforts by former President Donald Trump to annex Greenland—a goal he has pursued since his first term. Vance’s delegation, featuring national security adviser Mike Waltz and his wife Usha Vance, faced backlash from Greenlandic leaders, including former Prime Minister Múte Egede, who condemned “American aggression” and reaffirmed the island’s desire for independence.
29.03 / 12:39
markets
Target
Man
security
Research
country
reports
China unveils underwater ‘kill switch’ for the internet: How this tech could sever global connectivity
deep-sea engineering, unveiling a device capable of slicing through the world’s most reinforced undersea cables at unprecedented depths. Developed by the China Ship Scientific Research Centre (CSSRC) and the State Key Laboratory of Deep-Sea Manned Vehicles, the tool integrates seamlessly with China’s advanced submersibles, including the Fendouzhe (Striver) and the Haidou series. For the first time, a country has openly declared possession of such a device—one that can target undersea infrastructure vital to global communication and military operations. These cables transmit 95% of the world’s data, linking continents and ensuring the smooth functioning of financial markets, defence systems, and everyday digital services.
29.03 / 10:57
UPS
Manufacturing
TikTok
Research
Trade
War
country
The trade war is about to ramp up. A guide for tariff week.
Subscribe to enjoy similar stories. Prepare for an everything, everywhere onslaught of trade developments this week as the Trump administration unveils its much talked about tariffs. Investors and companies hoping for clarity are likely to be disappointed: There may just be another spate of trade war scenarios to game out.
29.03 / 05:59
markets
Citi
Myanmar
country
Inside
reports
International
'Entire building was shaken, then everyone ran': Indian tourists return to Delhi from Bangkok after earthquake; recount harrowing experiences
7.7 magnitude earthquake that was felt across Myanmar, Thailand, China, and Vietnam, Indian tourists in Bangkok safely returned to New Delhi Airport on Saturday, recounting the difficulties they faced in getting back home. Speaking to ANI at Delhi airport, Bharati Khurana described the challenges they encountered due to emergency closures in the city. «The situation is fine now, but yesterday it was very bad. We went out to the market, but it was closed due to the emergency.
29.03 / 03:05
markets
COST
Progressive
Manufacturing
wellness
electronic
information
Cabinet greenlights Rs 23,000 crore e-parts production scheme
Cabinet has approved a Rs 23,000-crore programme to strengthen the electronics manufacturing supply chain. India is looking to grab a bigger share of the market as companies opt for ‘China Plus One,’ as well as create jobs. The much-anticipated electronics component manufacturing (ECM) scheme is a move to increase domestic value addition and integrate with global value chains. It will be spread over six years and is expected to generate investment worth Rs 60,000 crore. “We are already making very good progress in the semiconductor part of the value chain,” said Ashwini Vaishnaw, minister for electronics and IT, railways and information and broadcasting, referring to the production-linked incentive (PLI) scheme. “We have had super success in PLI-based finished products manufacturing. Now, we are covering sub-assemblies and bare components.”
28.03 / 19:39
UPS
Racing
Nielsen
wellness
country
Sporting
Formula One seeks to drive engagement through betting
Formula One is looking to drive fan engagement by using its vast array of data to create more betting opportunities, the sport's director of commercial partnerships Jonny Haworth said on Thursday. Recent figures from Nielsen Sports put Formula One's global fandom at 826.5 million, 12% more than in 2023, with a 39% increase in fans following in China over the last 12 months due to the post-COVID return of the country's race in Shanghai. «We're sort of on a journey in the betting space at the moment,» Haworth told the BlackBook Motorsport Forum in London on Thursday. «I think we make up 0.4% of the overall global betting handle, which is pretty crazy for a sport of the size of Formula One and with a sport that has low latency data at a high volume which is what drives betting.» Formula One, whose cars have an array of sensors on them delivering billions of data points, last month announced San Diego-based ALT Sports Data as its official betting data supplier.
28.03 / 16:23
Target
Progressive
Apple
Trade
President
stage
country
India, US to hold wrap-up session on Saturday on proposed trade pact; talks in early stages: Sources
A team of US officials, headed by Assistant US Trade Representative for South and Central Asia Brendan Lynch, is here for negotiations on the proposed agreement. «Early stage of discussions are going on,» one of the sources said, adding that nothing has been finalised so far. Commerce and Industry Minister Piyush Goyal on Thursday said the ongoing talks between India and the US for the proposed pact are progressing «well» and will be for the «good» of both nations while protecting India's interests. The official level deliberations assume significance as US President Donald Trump has announced imposing reciprocal tariffs on April 2 on America's key trading partners, including India.
28.03 / 08:43
markets
Manufacturing
President
Celebrity
show
beautiful
International
Trump’s auto tariffs will put more pick-up trucks and SUVs on American roads
Subscribe to enjoy similar stories. The manicured lawns of US President Donald Trump’s Mar-a-Lago resort were crammed earlier this month with beautiful vehicles from European luxury brands like Lamborghini, Ferrari and Bugatti. The annual Palm Event was an opportunity for the super-rich to schmooze and show off, but it was also a celebration of automotive excellence, international specialization and consumer choice.
28.03 / 08:43
Citi
Reuters
Myanmar
Trade
show
reports
rowing
Bangkok, Myanmar Earthquake Today LIVE: Thai PM declares state of emergency, quake hits Meghalaya
Bangkok, Myanmar Earthquake Today LIVE: A strong 7.2 magnitude earthquake hit central Myanmar on March 28 (Friday), according to the United States Geological Survey (USGS). The tremor hit 16 km northwest of Sagaing city at a depth of 10 km, at around 12:50 pm local time, USGS added.Minutes later at 1.03 pm, the National Center for Seismology in India reported a 4.0 Ritcher scale quake in Meghalaya's East Garo Hills.Also Read | Earthquake today: Quake of magnitude 7.2 hits Myanmar; tremors felt in China, ThailandFurther, the USGS and Germany's GFZ Center for Geosciences also reported that a midday earthquake struck Thailand's capital city of Bangkok at a shallow depth of 10 km.
28.03 / 07:33
Provident
Digital
Software
Research
innovations
stars
reports
Europe has tech stars. They’re far behind the US.
Subscribe to enjoy similar stories. It wasn’t long ago—say, two months— that European governments and companies thought nothing of relying on Microsoft software for daily tasks or Amazon.com’s Amazon Web Services for data storage. Not so much anymore.
28.03 / 07:33
markets
COST
Manufacturing
country
Features
Chinese exporters hunt for alternatives to ‘irreplaceable’ US buyers
Subscribe to enjoy similar stories. SHENZHEN, China—One of the most popular events at a Chinese exporters’ exhibition last week was a session teaching merchants how to sell more in Russia. Hundreds of attendees listened intently as employees of Russian e-commerce companies explained what Russian consumers like to buy online.
28.03 / 07:13
ETF
Invesco
Healthcare
PRU
Experts
performer
recommendations
121 equity mutual funds gave double-digit returns in FY25. Do you own any?
equity mutual funds have offered double-digit returns in the financial year 2025 so far. There were around 486 funds in the mentioned period. The top three schemes in the list were from Mirae Asset Mutual Fund. Mirae Asset Hang Seng TECH ETF FoF, Mirae Asset NYSE FANG+ETF FoF, and Mirae Asset S&P 500 Top 50 ETF FoF offered 88.82%, 37.16%, and 31.75% returns, respectively, in the mentioned period.
28.03 / 05:23
MET
Manufacturing
Trade
President
reports
Bangladesh's Chief Adviser Yunus meets Chinese President Xi Jinping
Chinese President Xi Jinping met with Bangladesh's Chief Adviser Muhammad Yunus here on Friday, official media reported. Yunus, on a four-day visit to China, took part in the country's Boao Forum for Asia Annual Conference in Hainan after his arrival there on Wednesday. He arrived in Beijing on Thursday and was received at the airport by Chinese Vice Foreign Minister Sun Weidong. Gearing up for his meeting with Xi, Yunus called on China on Thursday to reduce interest rates for Chinese loans and waive commitment fees on Chinese-funded projects. In his meeting with the Chinese Executive Vice Premier Ding Xuexiang on the sidelines of the Boao Forum for Asia Annual Conference, Yunus sought Chinese support in an array of development projects, Bangladesh media reports said. He also called for a reduction of interest rates for Chinese loans from three per cent to 1-2 per cent to Bangladesh and sought a waiver of commitment fees on the Chinese-funded projects in Bangladesh. China is Bangladesh's fourth-largest lender after Japan, the World Bank and the Asian Development Bank, with total loans disbursed since 1975 coming to USD 7.5 billion, according to a report in the Daily Star newspaper of Bangladesh.
28.03 / 04:41
MET
CEO
Bill
Trade
President
country
China’s Xi calls on top executives to help restore global order as trade tensions with U.S. rise
BEIJING — Chinese President Xi Jinping on Friday met with global executives and made a case for investing in the country, as Beijing focuses on reaching out to businesses amid escalating trade tensions with the U.S.
28.03 / 03:27
Citi
Southern
country
cover
Inside
International
Pony.ai wins first permit for fully driverless taxi operation in the center of China's Silicon Valley
BEIJING — In the latest step toward building a revenue-generating robotaxi business, Chinese start-up Pony.ai said it has obtained China's first permit to charge fares for fully driverless taxis in core parts of a business district of Shenzhen.
28.03 / 00:37
27.03 / 20:47
LGBT
Food
DISH
Inside
inclusion
Features
Oxford English Dictionary announces new inclusions with cultural terms like Spice Bag, Gigil
Oxford English Dictionary (OED) has officially recognized two culturally significant words in its latest update—spice bag from Ireland and gigil from the Philippines. The OED recognizes these words because of their cultural significance that reflects their impact on daily spoken language. For about 20 years, the spice bag has ruled Irish fast-food establishments, while gigil demonstrates the Filipino emotion of deep cuteness or affection.
27.03 / 18:01
UPS
Manufacturing
CEO
Research
innovations
reports
Schools
The orphan who built the world's largest EV company, BYD; here’s the incredible story of Wang Chuanfu
Wang Chuanfu, the founder and CEO of BYD, has made one of the world's largest electric vehicle manufacturing businesses, starting his journey when he was poor.
27.03 / 16:57
COST
UPS
Action
Analysis
Experts
country
British Steel’s Scunthorpe closure puts thousands of jobs at risk
British Steel has decided to shut both blast furnaces and steelmaking operations in Scunthorpe, which poses a risk to eliminate up to 2,700 positions within the workforce. The Chinese ownership group Jingye has determined that the furnace closures are essential because they face financial challenges and increasing environmental expenses. British Steel received strong opposition from worker unions, who believe this action will trigger devastating effects on the steel industry together with damaging jobs.
27.03 / 16:57
UPS
IPO
Provident
Reuters
information
reports
What's wrong with Nvidia-backed cloud services provider? Report claims CoreWeave plans to reduce US IPO
CoreWeave plans to reduce the size of its U.S. initial public offering and price the shares below range, a person familiar with the matter told Reuters on Thursday, as per a report. The Nvidia-backed cloud services provider is now looking to sell 37.5 million shares and price them below the range at $40 apiece, the source added, requesting anonymity discussing confidential information. The sale would fetch up to $1.5 billion, Reuters reported. The listing is being closely watched as a test for the fragile U.S. IPO market and a gauge of whether investor enthusiasm for AI newcomers remains strong or is waning. CoreWeave and some existing investors had initially aimed to sell 49 million shares in the offering priced between $47 and $55 each to raise as much as $2.7 billion. The company did not immediately respond to Reuters' request for comment.
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