China Financial News

Subscribe to enjoy similar stories. India slipped by three ranks to the sixth position in the Mint’s Emerging Markets Tracker in February as stock market rout, sharp depreciation in rupee and a slump in exports overshadowed strong GDP growth and Purchasing Managers’ Index (PMI). On the other hand, Brazil claimed the top rank for the first time since November 2023, as it outshone all other emerging markets in its currency performance and performed second-best in stock market capitalization.

vacuum flasks and aluminium foil, during the month so far to guard domestic players from cheap imports from the neighbouring country. These duties were imposed as these products — Soft Ferrite Cores, certain thickness of vacuum insulated flask, aluminium foil, and Trichloro Isocyanuric Acid — were exported to India from China at below normal prices. In separate notifications, the Central Board of Indirect Taxes and Customs, Department of Revenue, said that the duty imposed «shall be levied for a period of five years» on imports of Soft Ferrite Cores, vacuum insulated flask, and Trichloro Isocyanuric Acid. The anti-dumping duty of up to USD 873 per tonne was imposed provisionally on aluminium foil for six months. The government has imposed the duty in the range of USD 276 per tonne to USD USD 986 per tonne on imports of the acid (a water treatment chemical) from China and Japan. On imports of Soft Ferrite Cores (used in electric vehicles, chargers, and telecom devices), up to 35 per cent duty was imposed on CIF (cost, insurance freight) value.

Narendra Modi with American researcher and podcaster Lex Fridman is available now in more than 10 languages, the Prime Minister said on Sunday, while encouraging people to give it a listen. «The recent podcast with Lex Fridman is now available in multiple languages! This aims to make the conversation accessible to a wider audience. Do hear it,» read a post by PM Modi as he shared the link to the translations. The translations have been posted by public broadcaster Doordarshan in their multiple regional language channels. The episode is now available in Gujarati, Telegu, Punjabi, Bengali, Kannada, Marathi, Assamese, Odia, Tamil and Malayalam.

Sirajuddin Haqqani, who acknowledged planning a January 2008 attack on the Serena Hotel in Kabul, which killed six people, including US citizen Thor David Hesla, no longer appears on the State Department's Rewards for Justice website. The FBI website on Sunday still featured a wanted poster for him. Interior Ministry spokesman Abdul Mateen Qani said the U.S. government had revoked the bounties placed on Haqqani, Abdul Aziz Haqqani, and Yahya Haqqani. «These three individuals are two brothers and one paternal cousin,» Qani told the Associated Press. The Haqqani network grew into one of the deadliest arms of the Taliban after the U.S.-led 2001 invasion of Afghanistan.

Lou, an associate professor affiliated with Zhejiang University’s School of Marxism, allegedly shared his preferences within a matchmaking chat group earlier this month, according to a report by the South China Morning Post, which cited Chao News. In his post, Lou, 35, provided a self-introduction, stating that he stands at 175 centimeters tall and weighs 70 kilograms. He holds a doctorate from a prestigious Chinese university and earns an annual salary surpassing one million yuan (approximately ₹1.16 crore). Additionally, he highlighted his enthusiasm for athletics and financial market investments. Lou further noted that he is the sole offspring of a prosperous family based in Yiwu, Zhejiang. Regarding his envisioned partner, Lou specified that she should have been born after the year 2000, making her at least ten years his junior. He delineated a preferred height range between 165 and 171 centimeters and underscored that she must possess a slender physique and an appealing overall appearance. Educational qualifications were another fundamental criterion, as Lou insisted that his potential girlfriend must have obtained at least a bachelor’s degree from one of nine distinguished Chinese universities.

Trump are challenging the global commodity market, making prices highly volatile. The recent US tariffs on countries like Canada, Mexico, and China have raised concerns over a global trade war, as Canada and China have already imposed retaliatory tariffs on U.S. products. Bullion was the asset that benefited most due to the tariff war. Gold in the key London spot market is hovering above the psychological level of $3,000 an ounce, gaining more than 15 percent so far this year. Similarly, Indian gold prices also gained considerably, with the MCX futures prices trading at a lifetime high of ₹88,800 per ten grams last week.

Trump administration, triggering macro-economic uncertainties and fears of a potential recession. “Demand uncertainties from the second half of calendar year 2024 (2HCY24) have trickled into calendar year 2025 estimated (CY2025E) budgets, implying continued weakness in financial year 2026 estimated (FY2026E),” Kotak Institutional Equities said in a report on the IT sector. The IT services industry clocked the healthiest earnings rebound in six quarters in the October-to-December period backed by a modest uplift in business led by the key banking, financial services and insurance (BFSI) vertical. This had raised hopes of a likely boost in revenue growth from the low to high single digits in 2025 at top-tier firms such as Tata Consultancy Services (TCS), Infosys and HCLTech.

International Atomic Energy Agency (IAEA) Director General Rafael Mariano Grossi, as he backed the country's entry into the coveted Nuclear Suppliers Group (NSG). Speaking to ET during his visit to India this week, Grossi stressed that countries that have important nuclear programmes and that manifest a wish to participate in a group (NSG) that fosters responsible trade in nuclear should be welcome. The IAEA director general recalled how when he was president of the NSG «we got very close». «The problem was not India in itself, it was the multilateral dynamic at the time.» Some countries including China and New Zealand had expressed reservations about India's entry into NSG. The NSG is a 48-member group that seeks to prevent the proliferation of nuclear weapons by regulating the export of nuclear materials and technology. The head of the UN's nuclear watchdog visited India to attend the Raisina Dialogue, and strengthen cooperation on nuclear energy and cancer care, among other issues. «I am proud to recognise Tata Memorial as an IAEA Rays of Hope Anchor Centre. A leader of the Global South, India has built strong cancer care expertise — now it's time to share it with the world. With this partnership, we will bring India's know-how to regions that need it most,» he said.

Subscribe to enjoy similar stories. President Trump has access to a powerful tool that isn’t tariffs for his trade war with China, but it isn’t clear whether China hawks will convince him to unleash it. The Uyghur Forced Labor Prevention Act, a U.S.

Tencent on Friday night launched the official version of its T1 reasoning model, stepping up competition in China's increasingly crowded artificial intelligence sector. The upgraded T1 model offers faster response times and enhanced capabilities for processing extended text documents, the company said in a post on its official WeChat account. T1 can «keep the content logic clear and the text neat and clean», the post said, while the hallucination rate is «extremely low».

Subscribe to enjoy similar stories. Chinese leader Xi Jinping is battling petty corruption through a nationwide campaign that has swept up more than half a million low-level officials over the past year, as Beijing grapples with rising public resentment over a sagging economy.

China is practicing satellite dogfighting in space, according to CNN. The report, quoting the US Space Force, also said that China and Russia have deployed jammers in space. According to CNN, Gen. Michael A. Guetlein, vice chief of space operations for the US Space Force, revealed that they have observed five Chinese satellites maneuvering around each other in a coordinated manner—a practice he described as dogfighting in space. These included three Shiyan-24C satellites and two Shijian-6 05A/B experimental satellites.

Musk's planned visit to a secure room in the Pentagon was called off after The New York Times published its article on the visit, according to a person with knowledge of the matter. On Friday morning, Trump denied that the briefing had been planned. But he also made clear that he thought Musk should not have access to such war plans. «Certainly, you wouldn't show it to a businessman who is helping us so much,» Trump said. He added, «Elon has businesses in China, and he would be susceptible perhaps to that.» I called Eric Schmitt, a Times national security reporter, who kindly stepped into one of the few Pentagon hallways where you can actually get cell service, and asked him to bring us up to speed.

Perplexity on Friday expressed its interest in buying TikTok, which faces a deadline to divest from its Chinese owner or be banned in the United States. Perplexity in a blog post laid out a vision for integrating its AI-powered internet search capabilities with the popular video-snippet sharing app. «Combining Perplexity's answer engine with TikTok's extensive video library would allow us to build the best search experience in the world,» the San Francisco-based firm reasoned.

tariffs expected to begin in early April may not be as burdensome as feared. Trump said there will be flexibility on tariffs and that his top trade chief plans to speak with his Chinese counterpart next week. The president also reiterated his plan to use duties as a way to narrow the U.S. trade deficit with China.

Subscribe to enjoy similar stories. Sassoon Docks, tucked away in the bustling heart of South Mumbai’s Colaba, is a living testament to the city’s maritime soul. Just a stone’s throw from the Gateway of India, it is more than a mere port—it is the fish-scented, beating heart of Mumbai, where history, hustle, and heritage converge in an unforgettable sensory symphony.

The Shadowless Church. The moment its surreal images surfaced online, the internet went into a frenzy. A church that seemingly casts no shadow? The mystery surrounding it has sparked countless debates, conspiracy theories, and architectural admiration. Unlike anything ever seen before, the church’s ethereal glow, minimalist grandeur, and puzzling illusion have left both tourists and design experts awestruck. But what is the secret behind its ‘shadowless’ name? How does this mesmerizing structure defy the play of light and shade? Let’s unravel the magic behind one of China’s most astonishing architectural marvels.

Elon Musk’s Tesla. The tariff, imposed last fall alongside U.S. measures, aimed to protect Canada’s emerging EV sector. However, retaliatory Chinese tariffs on Canadian agricultural exports, effective this week, have intensified pressure to recalibrate trade strategies.

Nike's turnaround effort is hitting snags as the company tries to clear out old inventory while feeling the effects of a growing trade war. The sportswear maker signaled further declines in revenue and profitability due to an ongoing merchandise reset that the company says is necessary to renew growth. Nike also expects gross margin to decline sharply in the current quarter from a year earlier, in part due to US tariffs on products from China and Mexico. Chief executive officer Elliott Hill, a longtime Nike executive who came out of retirement to take the top role in October, is looking to guide the company back to growth after a difficult year of falling sales and corporate layoffs. He's reshaping Nike by refocusing on sports and mending relationships with its retail partners. Nike is in the midst of clearing out stale merchandise through heavy discounting as demand fades for some of its biggest sneaker franchises, including Air Force 1s and Dunks. Inventory fell 2% in the period but Chief Financial Officer Matt Friend said those levels remain «elevated across all categories.» The company is trying to turn things around against a backdrop of weak consumer spending and fallout from President Donald Trump's escalating trade war. China also remained a weak spot, with sales missing analyst expectations amid a prolonged consumer slump in the market. But performance in North America and the region that includes Europe, Africa and the Middle East came in better than expected.

Donald Trump is invoking emergency powers to boost the ability of the US to produce critical minerals-and potentially coal-as part of a broad effort to ramp up the development of domestic natural resources and make the country less reliant on foreign imports. An executive order signed by the president Thursday taps the Defense Production Act as part of an effort to provide financing, loans and other investment support to domestically process critical minerals and rare earth elements, according to a White House official. The US International Development Finance Corporation, working with the department of defense, will provide financing for new mineral production projects. The order, which also encourages faster permitting for mining and processing projects and a directive for the interior department to prioritise mineral output on federal land, comes as a direct response to long-held concerns among the US and allies that China overwhelmingly controls the processing of some of the most important critical minerals. These elements are used in a number of products from batteries to defence systems that are seen as crucial to the nation's energy and security.