China Financial News

Starting August 1, Russia has started issuing electronic visa (e-visa) to Indian passport holders that helps visitors get travel approval faster for diverse purposes such as business trips, guest visits, and tourism. The e-visa can be used just like any other regular visa, eliminating the need to check with embassies or any other associations.

₹1,400 per 10 grams during the month. The rally was driven by multiple factors that came in support of the yellow metal in the international market. The primary reason being the increasing expectations that major global central banks, including the US Federal Reserve and the European Central Bank, may be nearing the end of their current monetary policy tightening cycles.

Asia and some disappointing earnings stalled a rally in markets that had pushed several regional indexes to multi-year highs recently. The pan-European STOXX 600 index dipped 0.1% by 0714 GMT, with miners and real estate among the top decliners.

Well, a Chinese zoo has found itself at the centre of such a weird controversy. The controversy started after a video of Hangzhou Zoo's star bear went viral. In the video, a black-coloured bear can be seen standing on its two hind legs while interacting with tourists by waving its paws.

signs of a potential conflict. The most likely flashpoint is Taiwan, the self-governing island that China claims and America supports. Were China planning to invade Taiwan, its military preparations would be hard to hide.

Rio Tinto chief executive Jakob Stausholm says a low carbon solution for the company’s Australian aluminium assets must be found before 2030, and insisted while the fix is not within reach, he is committed to working with governments to find one.

Russia's invasion of Ukraine. Profit after tax plunged to $1.8 billion in the three months to the end of June compared with $9.3 billion in the second quarter last year, BP said in a statement, mirroring hefty falls across the sector.

₹1.3 lakh). An official from the Enforcement Bureau of Yunnan Provincial Department of Culture and Tourism stated that the performances violated social ethics and undermined the preservation of the region's traditional culture, SCMP reported.

Beijing, state media said Tuesday, in downpours that have submerged roads and deluged neighbourhoods with mud.Storm Doksuri, a former super typhoon, had swept northwards through China since hitting southern Fujian province on Friday after first scything through the Philippines. Heavy rains began pummelling Beijing and its surrounding areas on Saturday, with nearly the average rainfall for the entire month of July dumped on the capital in just 40 hours. Swathes of suburban Beijing remain badly hit by the rains — some of the city's heaviest in years.

These moments, which might seem unrelated, represent a transformation in world trade. US-China tensions and Russia’s invasion of Ukraine are leading companies to bring supply chains closer to home. A shift from fossil fuels is spurring demand for materials essential for electrification.

shipping companies are plowing their pandemic windfalls into orders for new vessels on an unprecedented scale, making an industry known for hair-raising cycles of boom and bust more vulnerable in the latest downturn. Container carriers like MSC Mediterranean Shipping Co., A.P. Moller-Maersk A/S, CMA CGM SA and Hapag-Lloyd AG — all backed by European billionaires — are spending record profits gleaned during the health crisis to splash out on new models mostly from Korean and Chinese shipyards. This has pushed the global order pipeline to a historic level — almost $90 billion by one estimate. But the tide has turned in the notoriously cyclical sector as freight rates flirt with below-breakeven levels and fears about overcapacity re-emerge. “Too many large container ships have been ordered,” said Erik I. Lassen, chief executive officer of Danish Ship Finance A/S, a company providing vessel financing. He noted that deliveries are now starting at a time when supply chains are running more smoothly and demand for freight transport is back to pre-pandemic levels. “There will be shipowners — tonnage providers — out there that will have stretched themselves,” he said in an interview. “Although the last couple of years have been profitable for shipping, the accumulated earnings are far from enough to fund the investment in new technology and ships in the coming decade.”

China on Monday announced export controls on some drones and drone-related equipment, saying it wanted to safeguard «national security and interests» amid escalating tension with the United States over access to technology. The restrictions on equipment, including some drone engines, lasers, communication equipment and anti-drone systems, will take effect on Sept. 1, the commerce ministry said.

Paytm brand, wants the government to bring payment segment devices under the production-linked incentive scheme to boost local production, a top company official said on Monday. Paytm founder and CEO Vijay Shekhar Sharma said the company has started manufacturing soundbox devices in India even though local production attracts higher taxes compared to imported ones. While announcing the launch of two new models of payment soundboxes, Sharma said that India is a services-dominated country and there is a need to go towards manufacturing for job creation.

Decentralized exchange LeetSwap, which operates on Coinbase’S Base network has announced a sudden pause to trading, citing concerns of a potential exploit.

Foxconn Technology Group, the main supplier for Apple, has plans to invest nearly ( ₹4,100 crore) $500 million in the construction of two component factories in India, according to a report by Bloomberg News on July 31. The chosen location for these factories will be in the southern state of Karnataka. It is anticipated that at least one of these facilities will be dedicated to manufacturing Apple components, including those used in iPhones.

The 2024 hopeful's remarks will spotlight the unveiling of «Declaration of Economic Independence.»

Lynas has hadits US government funding more than doubled as the Biden administration accelerates its mission to secure supplies of rare earths.

China on Monday announced export controls on some drones and drone-related equipment, saying it wanted to safeguard "national security and interests" amid escalating tension with the United States over access to technology. The restrictions on equipment, including some drone engines, lasers, communication equipment and anti-drone systems, will take effect on Sept. 1, the commerce ministry said.

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Florida Governor Ron DeSantis pushed a platform based partly on “economic independence" in his 2024 presidential campaign, specifically calling out policy on digital currencies. 

Europe European stocks gained on Monday, led by rise in healthcare shares and on easing euro zone inflation in July. The pan-European benchmark STOXX 600 rose 0.1%. Britain’s FTSE 100 rose less than 0.1% at 7,699.41.