China Financial News

By Louis Juricic and Sarina Isaacs

Oil prices made a downward turn on Friday, spurred by easing Middle East supply concerns amidst the Israel-Hamas war and speculation of the US Federal Reserve halting interest rate hikes. Brent crude futures were recorded at $84.89 a barrel while West Texas Intermediate crude stood at $80.51 a barrel, marking a weekly drop exceeding 6%. Despite warnings of potential wider conflict at Lebanon’s border with Israel by Hezbollah leader Sayyed Hassan Nasrallah, markets remained steady. John Kilduff of Again Capital LLC stated that this conflict seems unlikely to significantly disrupt demand or supply.

Sigrun Haraldsdottir knew something wasn’t right with her online order when she saw the delivered package fit inside her mailbox. Haraldsdottir, 57, had been looking to purchase a ramp for her 11-pound Yorkshire terrier, Emma, who needed some help hopping onto the sofa without hurting her joints. She saw just the thing advertised by a now-defunct website called penblast.com for $35 on Facebook.

B61-13 will replace the 1980s era B61-7, the US department said in a press release published on October 27, 2023. Gravity bombs work by being pulled to the ground by the force of gravity instead of flying to the target on a powered missile, New York City-based Vice News reported. In this case, a bomber or an aircraft flies over the target and drops the bomb.

U.S. and Israeli interests in the ongoing Middle East conflict are diverging in both the short and long term, muddying the path to ending Israel’s war against militant group Hamas in the Gaza Strip. Above all, Israel views Hamas as an existential threat and sees eradicating it as a crucial goal; anything short of that is a failure.

HONG KONG—Leading Western brands in China are feeling the pinch from the country’s consumer slump. From luxury cosmetics firm Estée Lauder to apparel maker Canada Goose and iPhone seller Apple, companies are reporting weak results, with some saying customers aren’t reopening their wallets almost a year after Covid-related isolation ended. Estée Lauder shares sank 17% Wednesday, hitting the lowest levels in years, after the firm behind brands such as M.A.C and Clinique, cut its fiscal year outlook—in part because of a slower recovery of sales for high-end beauty products in mainland China.

China will show no mercy towards Taiwan's independence. This comes despite turmoil in the top ranks of the country's armed forces, Voice of America (VOA) reported. General Zhang Youxia, vice chairman of China's Central Military Commission (CMC), said: «No matter who wants to separate Taiwan from China in any form, the Chinese military will never agree and will show no mercy.» His remarks came at the 10th Xiangshan Forum in Beijing on Monday.

By Brenda Goh

US Federal Reserve could be done hiking interest rates in the biggest oil consuming economy. Brent crude futures were down $1.92, or 2.3 per cent, to $84.89 a barrel. US West Texas Intermediate crude futures fell $1.95, or 2.4 per cent, to $80.51 a barrel.

By Joe Bavier

China said it attended a top-level ministerial meeting at the UK AI Safety Summit on Thursday, despite not being listed by Britain among the «like-minded» participants and not featuring in official handshakes or the family photograph. China's absence sparked questions because it participated in the first day of the two-day summit on the safety of «frontier» artificial intelligence, and Britain declined to say why Beijing was not among those joining the second day's senior meeting.

South China Sea, after Ottawa rebuked Beijing for what it described as a second risky midair intercept in two weeks. Canada's Defence Minister Bill Blair said Friday that a Chinese fighter jet twice flew close to a Canadian Cyclone helicopter over the Paracel Islands on October 29, firing flares «directly in front» of the craft on the second flyby. The jet's actions «were deemed to be significantly unsafe», Blair said of the incident, which followed a similar near-miss over another disputed waterway near China in mid-October. Beijing hit back at Blair's claims on Saturday, with a defence ministry spokesperson saying the Canadian helicopter conducted «a malicious and provocative act with ulterior motives». «Recently, ship-borne helicopters on Canada's HMCS Ottawa made two sorties towards the airspace around China's Xisha Islands, with unknown intentions,» Zhang Xiaogang said in an online statement, using the Chinese name for the Paracels. «China's People's Liberation Army organised naval and air forces to identify and verify (the craft) in accordance with the law, and issued multiple warnings,» Zhang said. «However, the Canadian helicopter not only refused to respond, but also took provocative actions such as flying at ultra-low altitudes,» he added. «Afterwards, (Canada) wantonly hyped the event and made accusations and smears against China in the media,» Zhang claimed. «Canada's actions violated China's domestic laws and international law, endangered China's sovereignty and security,» he said. «We urge the Canadian side… to strictly curb the actions of frontline sea and air forces to prevent accidents at sea and in the air.» The HMCS Ottawa was transiting the South China Sea as part of attempts by the United

FRANKFURT (Reuters) — Chinese electric vehicle giant BYD (SZ:002594) plans to build its first European car factory in Hungary, a German newspaper reported on Saturday.

A Gold-buying rush is expected to start soon ahead of the upcoming Dhanteras and Diwali festivals. In this online Q&A, Chintan Haria, Head of Investment Strategy at ICICI Prudential AMC answers important questions investors should know before going for the yellow metal.

White House race faces a firehose of tech-enabled disinformation in what is widely billed as America's first AI election. Campaigners on both sides of the US political aisle are harnessing advanced tools powered by artificial intelligence, which many tech experts view as a double-edged sword.

cyber scam, etc). Individuals might be the victim of financial fraud or identity theft if cyber criminals programmed the bots to operate in such a way. Cyber Swachhta Kendra (CSK) is a free botnet cleaning and malware analysis system that is operated by the Indian Computer Emergency Response Team (CERT-In). CERT-In works under the Ministry of Electronics and Information Technology (MeitY). CERT-In under the CSK program collaborated with various cyber security companies to develop a free bot removal tool. This bot removal tool is given to every Indian citizen at no cost and can help detect and clean bot infection in Windows laptops/desktops and Android devices. How will this tool help you? Answering this, CERT-In says on their website: «Its goal is to create a secure cyberspace by detecting botnet infections in India and to notify, enable cleaning and securing systems of end users to prevent further infections.»

‘s tenacious battle against the $36,000 resistance mark has captured the attention of investors and analysts alike, with the cryptocurrency exhibiting marginal gains of 0.02% to position itself at $34,730 on Saturday.

raise tariffs. A lot. He has proposed slapping a 10% tariff on all imported goods, thereby trebling the country’s average and taking American trade protectionism back to its mid-20th-century heyday.

Apart from a boom in standalone restaurants, there's a surge in marriages, parties, ceremonies, outdoor catering and corporate events as well as a proliferation of cloud kitchens. All that has led to a spike in demand for restaurant and catering chefs, said industry executives and restaurateurs.

A Beijing-based art dealer touts itself as China's premier seller of North Korean art, despite stiff U.N. sanctions prohibiting the sale of such goods

International authorities say there's growing evidence that shows Beijing is helping cash-strapped North Korea evade a range of international sanctions designed to hamper Pyongyang's nuclear weapons program