China Financial News

More Chinese companies are using the digital yuan to pay their workers, as Beijing looks to spur the adoption of its CBDC.

G20 Summit is over now the absence of Chinese President Xi Jinping remained one of the top headlines in the world of diplomacy. But the diplomatic tension simmered when Chinese Premier Li Qiang showed his presence during the G20 Leaders' Summit in New Delhi. However, a report by Times of India has revealed details of a new drama that escalated at the Taj Palace Hotel where Chinese delegates stayed during the Summit.

iPhone model you purchase on launch day may be manufactured in India. As per reports, Apple intends to make the India-built iPhone 15 available here and in a few other areas on the first day of worldwide sales on September 15. When will the iPhone 15 sale start in India?Apple will begin collecting preorders for the next iPhones on September 15 in over 40 countries, including the US, India, China, the UK, and Canada.

Apple has refreshed its iPhone line-up with the launch of the iPhone 15 series, including the iPhone 15, iPhone 15 Plus, iPhone 15 Pro and iPhone 15 Pro Max. These phones will be available in India and 40 more countries starting September 22. Sources familiar with the matter said that Apple will make India-built iPhone 15 units available to Indian customers and customers in “some other regions” on the first day of sales.

UN General Assembly President Dennis Francis has said it is «incongruous» that only five countries can exercise certain powers within the UN Security Council, underlining that the thrust of reform has to be to «democratise» the powerful UN organ, making it more fit for purpose in the 21st century. «It's not untrue that the architecture of the Security Council was designed a very long time ago, decades ago when geographically and geopolitically the world was a very different place,» Francis, President of the 78th session of the UN General Assembly, told PTI in an exclusive interview. Francis said many countries did not exist at the time when the UN Security Council was formed more than seven decades ago, particularly developing countries in the Global South and «countries like my own Trinidad and Tobago. We would at that time have been represented by the British. »But the world has changed.

Vladimir Putin said on Wednesday that Russia would help North Korea build satellites and, when asked if he and Kim Jong Un would talk about weapons supplies, replied that the two leaders would discuss all issues. When asked by reporters if Russia would help Kim build satellites, Putin replied: «That's why we came here. The leader of the DPRK shows great interest in rocket engineering, they are also trying to develop space.» Putin showed Kim around Russia's most modern space rocket launch site, the Vostochny Cosmodrome, which is nestled among the forests of eastern Russia not far from the Chinese border. Kim arrived at Vostochny by train, after crossing into Russia early on Tuesday. «I am glad to see you,» Putin said as he shook Kim's hand for around 40 seconds at Vostochny. «This is our new cosmodrome.»

North Korean missiles flew. Japan’s Coast Guard, citing Tokyo’s Defence Ministry, said the missiles have likely already landed but still urged vessels to watch for falling objects. Putin's meeting with Kim is an opportunity to refill ammunition stores that the 18-month-old war has drained.

random stabbing attack at the Light Up Chinatown festival.Global News is not revealing their names or identities to protect their safety.“We think, OK, because it’s a festival (with) lots of people and it’s crowded, so we will be safe,” the husband told Global News.They were actually going to leave earlier but heard that there was going to be a singer they wanted to see perform at 5 p.m.“Unfortunately, we stayed,” he said.The stabbing took place around 6 p.m.His wife told Global News that just at the end of the program, that’s when the attack took place with a young woman in her 20s, who was nearby, getting attacked first.Her husband said the young woman yelled out something in Chinese.Then before he knew what was happening, his wife said “what happened?” as she had just been stabbed in the back.“And then I turn around. I think that at that time, the guy was trying to attack me on the back too, that’s why, when I turned around he missed my back and got me on my arm,” he said.“Also, I think, I’m not sure, he tried to stab me in my chest too.”He said when he tried to stand back up, he said the suspect tried to stab him again.

inflation data on Wednesday, while an oil price spike stoked anxiety about persistent price pressures, complicating the interest rate outlook. The euro edged higher and markets moved to favour a hike from Europe's central bank on Thursday, following a Reuters report that the European Central Bank (ECB) expects inflation will stay above 3% next year in its updated forecasts, well above its target of 2%. MSCI's broadest index of Asia-Pacific shares outside Japan was flat while Tokyo's Nikkei eased 0.2%. Australia's resource-heavy shares lost 0.7%, Chinese blue-chips were flat but Hong Kong's Hang Seng index moved 0.6% higher. At the forefront of markets' minds is the crucial U.S. Consumer Price Index (CPI) report expected on Wednesday, which should shed further light on the inflation outlook and provide some clarity about whether the Federal Reserve is done tightening. While core CPI is seen cooling to 4.3% year-on-year in August from 4.7%, rising energy costs are forecast to keep headline inflation hot.

Bloomberg. However, no time or venue has been announced by either side for the summit. Some media reports suggested that Putin may soon visit the Vostochny Cosmodrome space center in the Amur region, fueling speculation this could be the summit site.

Oil prices edged higher on Wednesday, hovering at a new 10-month high hit the previous day, as expectations of tighter global supply and fears of supply disruption in Libya outweighed concerns of slower demand in some countries such as China. The international benchmark Brent futures rose 8 cents, or 0.1%, to $92.14 a barrel by 0054 GMT, while U.S. West Texas Intermediate (WTI) crude climbed 14 cents, or 0.2%, to $88.98 a barrel. Both benchmarks surged nearly 2% on Tuesday to close at their highest levels since November 2022. «Bullish demand outlook by the OPEC and the U.S.

The launch of Russia’s CBDC, the digital ruble, will help spur de-dollarization, a former government minister has claimed.

The United States exported more liquefied natural gas (LNG) than any other country in the first half of 2023 (1H23), according to data from CEDIGAZ, amid strong global demand particularly from Europe.

red fire ants, one of the most invasive species on the earth and the fifth most expensive to combat, have reached Europe. With the scientific name of Solenopsis invicta, the red ants have their origin in South America. Their sting is ‘painful and irritating' and can cause pustules and allergic reactions. The stings can trigger potentially deadly anaphylactic shock.

G20 summit was the 'value' of the India stake in foreign policies of other countries. For that alone, countries made compromises, thus ensuring a successful summit for India. So, what is the India stake? Put simply, almost all G20 countries want to invest in their relationship with India for long term.

New Delhi: On Tuesday, Apple unveiled its latest generation smartphone, the iPhone 15 lineup, at its Apple Park headquarters in Cupertino, California. While the smartphones in the lineup were largely in line with Apple’s incremental upgrades offered every year, this year marked the first time that Apple began assembling its latest generation iPhones in time for the first batch of the smartphones to be sold—in India and around the world. The iPhone 15, launched with a higher resolution OLED display, a higher resolution 48MP camera, the A16 Bionic custom processor designed in-house for the iPhone 14 Pro last year, and the pill-shaped 'Dynamic Island' notch that was also introduced in the latter, will be available in India starting 22 September, and is priced onward of ₹79900.

After months of testing, TikTok is fully launching its e-commerce product in the U.S., in an effort to translate the app’s cultural relevance among young consumers to sales

NEW DELHI : Samsung Electronics Co. Ltd is evaluating making India a hub for making 5G equipment as it weighs alternatives to China for expanding production, three people aware of the development said. The South Korean conglomerate is considering India alongside Vietnam for its plans.

Mint takes a closer look at the idea and the benefit it offers. An economic corridor, a term coined by the Asian Development Bank, is an integrated network of infrastructure—including rail, road, and port—within a defined geographical area that connect various economic hubs. They link centres of production with centres of consumption.

Global gabfests rarely produce significant results, and last weekend’s Group of 20 summit in New Delhi was no exception. The carefully drafted and painfully negotiated declaration will be forgotten as quickly as all its predecessors. The war in Ukraine will rumble on exactly as if the language on the war had not been tweaked to favor the Russian position.

NEW DELHI : The World Trade Organization (WTO) on Tuesday flagged growing fragmentation in international trade with an over-ninefold increase in the number of trade concerns raised in just the last six years. Trade concerns raised at WTO committees are seen as an early indicator of trade disputes.