China Financial News

NEW DELHI : India may not escape the impact of a global economic downturn particularly at a time elections are coming up, KPMG India chief executive officer (CEO) Yezdi Nagporewalla said. He also highlighted the opportunities thrown up by India’s large talent pool. “We are at a juncture where the global trends are not very positive.

Cummins for supply of engines for indigenous light tanks, urgently needed to counter Chinese deployments in high altitudes. The project to develop a light tank was approved last year, and Larsen and Toubro worked with Defence Research and Development Organisation to make a prototype. However, the project ran into trouble after a German firm, selected for engine supply based on its high power to weight ratio, failed to reach an agreement. According to defence insiders, after several months of negotiations, the German company could not agree to supply the engines on time, even after the matter was taken up at the diplomatic level.

Mongolia and Mongolia (a neighbouring but a sovereign state) to launch a Sinicization programme, people tracking the development said. The Inner Mongolian Autonomous Region (IMAR) is the new target of the CCP's Sinicization programme, through the launch of 'Inculcating Chinese Nationality Common Identity' among 6 million local ethnic population, these people said. Chinese authorities recently banned a Mongolian theatre release, 'Mongol Khan', just 30 minutes prior to its official opening at Honhot's Ulaan Theatre IMAR. Chinese authorities in Inner Mongolia have also reduced the number of weekly Mongolian language classes in schools, according to Radio Free Asia. The Southern Mongolia Human Rights and Information Center, based in New York, reported that Chinese authorities were enforcing a complete ban on the use of the Mongolian language in all schools throughout Inner Mongolia. Xi Haiming, an ethnic Mongolian activist based in Germany, recently stated that authorities were employing other methods to compel ethnic Mongolian children to abandon their native language in favour of Chinese, often by exerting pressure on parents at their workplaces. Xi alleged that the parents who send their children to schools that teach Mongolian may face job loss, creating significant pressure on families.

Israel has a major decision on its hands. It seems it will have to launch large-scale ground operations in Gaza. Major states cannot suffer a terrorist attack of this magnitude without significant consequences for the perpetrator.

Crypto lending activity still falls outside the purview of China’s legal system, ruled a Chinese court in the second ruling of the nation’s kind on Tuesday.

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China's economy remains in the doldrums, with prices falling due to slack demand from consumers and businesses

China has reported its exports and imports both fell in September from a year earlier as global demand remained muted

The European Union’s top foreign policy official has warned that public sentiment in Europe could turn more protectionist if the bloc's trade deficit with China is not reduced

The waters around Antarctica are emerging as a battleground between industry and activists as advances in technology and new demand for krill as a dietary supplement drive more and more fishing of the shrimp-like crustacean

Chinese disposable e-cigarettes from Elf Bar remain widely available in the U.S. more than four months after U.S. health regulators moved to ban their importation

Asian and European stock markets faced sharp declines on Friday, with China spearheading the downturn as its September consumer price index showed no growth. Markets pundits say weak economic indicators from China could become a cause of concern for the global economy.

ROME (Reuters) — The Italian economy will grow by 0.7% in 2023 and by 0.8% next year, the country's central bank said on Friday, revising down previous forecasts made in July and warning of international and domestic downside risks.

₹1,806 apiece. Despite the company's shares underperforming this year, domestic brokerage firm Nuvama Institutional Equities has remained optimistic about the firm's long-term prospects. It has a 'buy' rating on the stock with a target price of ₹1,935 apiece, indicating a 22.31 percent upside.

JD fell as much as 13% to a record low on Friday after several banks and brokers cut price targets and revenue growth forecasts for the firm, citing a weaker-than-expected recovery in consumer spending. The brokerages and banks including Citi, Daiwa and Jefferies, which issued notes to clients on Thursday and Friday with the revised estimates.

The government has launched the park to bolster the e-CNY ecosystem and payment solutions using the digital yuan. Residents are incentivised to move to the park for up to three years of free rent and loans. Commercial banks are being offered up to 20 million yuan to settle there, and start ups are offered up to 50 million yuan.

currency manipulators should be reviewed, said India’s central bank governor, who defended the need to buttress their economies from market swings. “There has to be a two-sided appreciation of the challenges” emerging markets face dealing with spillover effects of advanced economy policies, Reserve Bank of India Governor Shaktikanta Das said Thursday at the annual meetings of the International Monetary Fund and World Bank in Marrakech, Morocco. India was most recently on the US Treasury’s watchlist as a potential currency manipulator in late 2020 and was removed two years later. In its June update, Treasury didn’t label any major trading partner as a manipulator, however seven economies remained on its monitoring list including China, Germany and Switzerland. India’s central bank has been one of the most active dollar buyers in the market in recent years as it seeks to build reserves to fend off any speculative attack on the currency.

China has released draft security regulations for companies providing generative artificial intelligence (AI) services, encompassing restrictions on data sources used for AI model training.

The United States government is considering additional measures to curb Chinese developers from gaining access to artificial intelligence (AI) semiconductor chips made in the U.S. via third parties.

International Criminal Court has jurisdiction over potential war crimes carried out by Hamas militants in Israel and Israelis in the Gaza Strip, even though Israel is not a member state, the ICC's top prosecutor told Reuters on Thursday. The occupied Palestinian territories including the Gaza Strip fall under the jurisdiction of the ICC, meaning the court has the authority to prosecute Hamas, the Palestinian militant group that rules Gaza. «If there is evidence that Palestinians, whether they're Hamas or Al Quds Brigades or the armed wing of Hamas or any other person or any other national of any other state party, has committed crimes. Yes, we have jurisdiction wherever they're committed, including on the territory of Israel,» ICC prosecutor Karim Khan said in an interview. In his first comments since Hamas launched brutal attacks on Israel on Saturday and Israel responded with devastating bombings of the Gaza Strip, he said the images are «heartbreaking».

OnePlus, the popular Chinese tech giant, is gearing up to make its debut in the foldable smartphone market with the launch of the much-awaited OnePlus Open. This new foldable smartphone is all set to debut globally on October 19, with a special launch event planned in Mumbai, India, OnePlus announced. The event will be live-streamed on social media platforms, allowing enthusiasts worldwide to witness the grand unveiling. Kinder Liu, President, and COO of OnePlus, expressed his enthusiasm about the OnePlus Open, labeling it the «dream smartphone.» According to Liu, this innovative device is designed to transform conventional compromises found in existing foldable devices, particularly in terms of display technology, imaging performance, and weight.