China Financial News

Subscribe to enjoy similar stories. India’s auto industry is booming, with annual vehicle sales surpassing 4 million, making it the world’s third-largest car market. The Nifty Auto Index has surged, delivering a 36% compound annual growth rate (CAGR) from pandemic lows, significantly outperforming the broader Nifty 50.

Bharat Electronics Ltd (BEL), marks a significant shift towards self-reliance in defence technology. These LLTRs, designed and developed by the Electronics & Radar Development Establishment of DRDO, will be the first indigenous radar systems of their kind for the IAF, replacing previously imported equipment. The system is expected to strengthen India’s ability to track aerial threats, ranging from high-speed fighter jets to slow-moving drones and helicopters.

Subscribe to enjoy similar stories. The International Energy Agency said the macroeconomic conditions underpinning its oil-demand projections have worsened over the past month due to global trade tensions, and that it sees a bigger-than-anticipated supply surplus if OPEC+ raises output beyond April. “New U.S.

Eight of the top ten IT stocks have entered bear market territory, including Infosys, HCLTech, and Tech Mahindra. LTIMindtree experienced the most significant drop from peak levels, falling 33%, while Wipro, though performing relatively better, still saw a 16% decline.

«In the current situation, we believe that all parties should maintain calm and restraint to avoid escalating the Iran nuclear situation, or even walking towards confrontation and conflict,» foreign ministry spokeswoman Mao Ning told a regular briefing. Beijing will host Russia and Iran for trilateral talks on Tehran's nuclear programme on Friday. The meeting will be attended by China's Vice Foreign Minister Ma Zhaoxu, Russian Deputy Foreign Minister Sergey Ryabkov and Iranian Deputy Foreign Minister Kazem Gharibabadi. The United States withdrew from a landmark deal that had imposed curbs on Iran's nuclear programme in return for sanctions relief during President Donald Trump's first term, which ended in 2021.

William Lai Ching-te said Thursday tougher measures are needed to counter stepped-up Chinese infiltration, spying and other efforts to weaken the island's defences. Lai cited a range of recent incidents involving China that fall into a «gray area» of psychological warfare short of open armed conflict. Beijing's efforts to «subvert, obtain secrets, lure members of the armed forces and influence public opinion to lose confidence in our national defence require that we step up our legal safeguards to prevent and detect such incidents,» Lai said at a news conference. Lai's Democratic Progressive Party favours the island's continued de-facto independence from Beijing. China has refused almost all official contact with the DPP since Lai's predecessor, Tsai Ing-wen, was elected eight years ago. China regularly sends ships and planes into airspace and waters near the island in an effort to intimidate its 23 million people and wear down its armed forces and morale. Taiwan's government recently expelled the Chinese wife of a Taiwanese citizen after the woman repeatedly posted short clips on Chinese social media saying China would conquer Taiwan in half an hour and praising the Chinese leadership.

Keki Mistry, Former VC & CEO, HDFC & Independent Director in Several Companies, says he would be surprised if India’s growth is not 7% or very close to 7% by the second half of the year. If monsoons are good, food prices continue to remain low, and there is low geopolitical uncertainty, then we can cross 7% in the latter part of the year. Mistry also says that the risk to India from tariff threat is far lesser than the risk to countries like China, Canada or any of these European countries. India is hugely dependent on the domestic economy though exports make for 22-23% of GDP and the US accounts for 16-17% of total exports. So, the proportion of the impact it will have on India will be lesser than in most other countries. FMCG, retail, also the IT sector will do well because of rupee depreciation.

Subscribe to enjoy similar stories. Last weekend belonged to Manus, a Chinese artificial intelligence (AI) super-agent that can reportedly handle up to 50 complex tasks simultaneously. Videos of it managing transactions while deep researching another topic and autonomously launching websites, while also planning your dream vacation, took over the internet.

Gold prices edged higher on Thursday as uncertainty over tariffs persisted, driving safe-haven demand, while a cooler-than-expected U.S. inflation print also supported bullion by strengthening expectations of rate cuts.

Pakistan security forces on Wednesday claimed to have rescued at least 155 passengers and killed 27 Baloch rebels as the rescue operation continues into the second day after terrorists hijacked the Jaffer Express train near Balochistan’s Bolan district. Pakistan Railway officials said that around 750 passengers had booked to travel by the Jaffar Express, but the train left Quetta with around 450 people onboard. Sources said that over 200 security personnel were also travelling on the same train. Balochistan is experiencing its worst phase of insurgency of all the four phases it has witnessed since 1948, a security expert told ET. This phase could be the defining moment in Balochistan’s history and its fight with Punjabi-dominated Pakistan governance structure. The daring nature of the hijack reflects a major Intelligence failure of the ISI and Pakistan Army, a source pointed out. Chinese reaction to the incident will be keenly watched. The Baloch Liberation Army (BLA) has threatened to execute ten Pakistani hostages following drone strikes and artillery shelling by Pakistani forces amid the ongoing hostage crisis in Balochistan’s Bolan district.

Asian equities rose Thursday after cooler-than-forecast US inflation helped Wall Street rebound from two days of heavy losses. Australian and Japanese shares rose and equity-index futures for US stocks climbed in early Asian trading, bolstering advances in the prior session. Even after Wednesday’s gains for the S&P 500 and Nasdaq 100, the first since Friday for the US benchmarks, they both remained over 3% lower this week. Hong Kong equity futures fell, tracking declines in an index of US-listed Chinese companies on Wednesday.

tariffs on imports like cocoa and fruit, according to a letter seen by Reuters. PepsiCo, Conagra and J M Smucker, are requesting that Trump exempt ingredients not available from U.S. sources to protect manufacturers who otherwise buy from domestic farmers and suppliers, according to the letter, sent on Monday by a consumer products trade group representing the companies, the Consumer Brands Association. Coffee, oats, cocoa, spices, tropical fruit and tin mill steel, used for specialty food and household goods, are among the imports listed as unavailable domestically in the letter. «We believe targeted and carefully calibrated removal of these ingredients and inputs from tariffs is appropriate to best protect U.S. manufacturers and support (Trump's) efforts to lower consumer inflation,» the letter said. PepsiCo and Smucker, which have executives sitting on the executive committee of the Consumer Brands Association, did not immediately respond to requests for comment.

Nvidia will stream the keynote free on its website.

Cybercriminals have registered more than 10,000 malicious domains to fuel these scams, which impersonate unpaid toll bills or missed delivery notifications. Victims receive urgent texts claiming they owe payments, complete with links to fake websites designed to steal credit card details, bank information, and personal data for identity theft.

retaliatory tariffs because President Donald Trump had implemented steel and aluminum import restrictions. The ongoing trade war has made economists predict economic slowdown and heightened consumer prices due to recently available inflation data, which shows a mild February increase.

Inflation receded in February on the back of easing price pressures for consumer staples like gasoline, groceries and housing, amid worries that President Donald Trump's tariff policies could stall progress.

Panama Canal but has not offered specifics about how he would do so. Here is an explanation of the history and laws governing the critical waterway. Why is the Panama Canal important? The Panama Canal, located at the narrowest part of the isthmus between North and South America, is one of the most strategically important waterways in the world. Last year, the canal logged 11,240 crossings totaling more than 235.5 million tons of cargo. Over two-thirds of all cargo passing through the canal today originates from, or is destined for, the U.S. If the Panama Canal were blocked or unavailable, ships would need to make the long voyage around the southern tip of South America to cross between the Atlantic and Pacific Oceans.

Inditex Chief Executive Officer Oscar Garcia Maceiras said constantly changing news on tariffs and geopolitics was making it difficult to make long-term predictions, the latest business leader to highlight the impact of uncertainty as U.S. President Donald Trump overhauls trade and foreign policy.

The recovery of Russian oil flow to the world's third-largest oil importer and consumer is easing a supply crunch and cooling prices for rival Middle East grades. Russian oil supplies to India and China fell sharply earlier this year following U.S. sanctions on January 10 that targeted producers, insurers, ships and middlemen to curtail Moscow's oil revenue. In March, India's imports of Russian oil, mainly Urals crude, are back at 1.54 million barrels per day (bpd), after falling to 1.1 million to 1.2 million bpd in the previous three months due to concerns about sanctions, data from analytics firm Kpler showed.

Pension funds that were buoyed by soaring stock markets and growing economies that helped produce double-digit returns last year are now being challenged by the escalating trade war between the United States and Canada that is spilling out globally.

Subscribe to enjoy similar stories. Whether John Maynard Keynes said, “When the facts change, I change my mind" is often disputed, but the witticism has never seemed more apt. German chancellor-to-be Friedrich Merz, long a fiscal hawk as the leader of Germany’s centre-right Christian Democratic Union (CDU), recently made an about-turn on the virtues of higher deficit spending after being briefed on the country’s dwindling growth prospects and witnessing geopolitical gyrations in the US, which seems keen to patch up with Russia, potentially leaving its European allies in the lurch.