China Financial News

much of the Northern hemisphere — and as temperatures skyrocket, so too are sales of sun protection gear that offers near-complete coverage.Accessories like the “facekini” are selling out in China as a means to cover up the face to protect against sunburns and skin cancer from ultraviolet (UV) radiation exposure. Facekinis are somewhat like balaclavas, with holes for the eyes and mouth, though they’re typically made of lightweight, synthetic fabrics such as polyester.They’re typically all one colour but a popular style mimics Chinese-opera-style makeup.Facekinis are nothing new in China, and have been popular particularly in Qingdao, a northeastern city known for its beaches, for many years now.

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Samvardhana Motherson International (SMIL) on Monday said it has acquired Germany's Dr. Schneider Group for $131.6 million. Dr.

₹700 crore in less than a year. Hyderabad Police Commissioner CV Anand in a presentation explained the modus operandi of the scamsters and said how they used the technology to dupe the people. The scamsters send messages to people to invest starting with small amounts.

New Delhi: The domestic dye, dye intermediates, and pigment (D&P) industry witnessed a challenging FY23 as it grappled with a decline in demand from its primary end-user, the textile industry, according to a report by CareEdge Ratings. The industry also faced significant hurdles due to volatile input costs, including raw materials, fuel, and freight, resulting in major players experiencing a moderation in total operating income (TOI) by over 5% and a contraction in operating profitability of around 400 basis points. A multitude of factors contributed to this downturn, including high inflation across major economies, disruptions stemming from the Russia-Ukraine war, and stiff competition from low-cost Chinese products.

Bengaluru (Karnataka) [India], July 21: Equity investment is simple, but it requires perseverance, resilience and the right amount of determination to achieve success. Over the last few years, especially post-Covid-19, the world has gone through major economic events such as the Russia-Ukraine war, soaring inflation, the 2-year US treasury yields hitting 16 years high, commodity prices going through the roof, continuous lockdowns by China and others. These geopolitical tensions led to a global supply chain issue.

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By Ellen Zhang and Kevin Yao

Reuters reports Monday, citing a person with direct knowledge of the matter, that Tesla (NASDAQ:TSLA) representatives are set to meet India’s commerce minister this month.

China got their campaign up and running at swimming's world championships on Monday, claiming two gold medals to banish the memory of a forgettable showing at last year's competition. China won only one individual gold in the pool last year in Budapest but they doubled that tally in the evening's first two races in the southern Japanese city of Fukuoka.Qin Haiyang got things started with victory in the men's 100m breaststroke, taking advantage of dominant Olympic champion Adam Peaty's absence from the competition.Zhang Yufei followed that up with gold in the women's 100m butterfly, beating Olympic champion Maggie MacNeil into second place in a field chock-full of talent. «Last year the whole team didn't perform very well, and we worked hard and tried to be ready for these championships,» Zhang said.

Toyota Motor Corp has dismissed some workers at one of its plants in China, three workers told Reuters, as the Japanese automaker struggles with a price war and sales slump in the world's largest auto market. The joint venture between Toyota and China's state-owned Guangzhou Automobile Group (GAC) laid off the workers over the weekend and offered them compensation, said the workers, who declined to be named for privacy. The workers affected were hired by labor service companies and dispatched to work at the factory of GAC Toyota in the southern city of Guangzhou.

Greece on Saturday faced its hottest July weekend in 50 years, with temperatures forecast to soar above 40 Celsius (104 Fahrenheit), while a record-breaking heat wave stretching across the southern United States was expected to expand in the coming days. Over the past 24 hours, 162 fires have been reported across Greece amid high winds and extreme heat. The Greek Coast Guard, which led efforts to rescue tourists and locals from Rhodes, also helped evacuate 59 people from a beach in northern Corfu last night as another blaze threatened.

global economy and an anticipated decline in the overall smartphone market, Apple Inc., headquartered in Cupertino, California, is determined to maintain stable shipments of the iPhone 15. According to Bloomberg, the company is contemplating increasing the price of the Pro models, which could contribute to a rise in overall revenue. However, the specific targets are not public information.

input costs will aid the margins of JSW Steel over the remainder of the ongoing financial year, especially in the latter half, Jayant Acharya, the company’s joint managing director, told ET. The selling price of the alloy has bottomed out after coming under pressure in recent months, and it should remain «range bound» at current levels, Acharya said. Prices of benchmark hot-rolled coils (HRC) of steel are in the range of Rs 55,000-56,000 a tonne before taxes, data show.

India recently rejected a billion Chinese dollars ... moreIndia recently rejected a billion Chinese dollars in investment.

The three-day comatose mode for markets ahead of the Federal Reserve’s rate decision is on, with oil prices barely moving Monday amid debate on what the central bank would say about — rather than immediately do — with rates when it meets Wednesday.

Hyderabad police has arrested nine people across the country in connection with an investment fraud of Rs 712 crore by Chinese operators. According to the cyber crime wing of Hyderabad Police, the gang has cheated an estimated 15,000 people to the tune of Rs 712 crore. The fraudsters used to lure gullible investors through fake investment apps and schemes and later laundered money to China via Dubai after converting rupee to crypto, according to the police.

Elon Musk has officially rebranded the microblogging platform he owns. Formerly known as Twitter, the platform has now been unveiled as "X." This development comes as no surprise, as Musk had previously engaged his followers by requesting them to design mockups for the new logo. He promised to select a "good enough" design to be adopted globally, and he has now fulfilled that commitment.  As evident by the appearance of the X affiliate badge alongside the blue tick on Musk's profile, the change has been implemented and Twitter is now officially recognized as X.

McDonald's Hong Kong collaborated with The Sandbox to create McNuggets Land, an immersive Web3 experience to commemorate the 40th anniversary of Chicken McNuggets. 

BENGALURU : Chemicals maker BASF India on Monday reported a fall in its first-quarter profit, hurt by weak sales and higher input costs. The Indian arm of Germany's BASF said its profit for the quarter ended June 30 fell nearly 43% to 1.13 billion rupees ($13.8 million), while sale of products fell to 33.43 billion rupees from 38.58 billion rupees a year ago.

Nifty ended in the red for the second consecutive session on Monday (July 24) with heavyweights, including ITC, Reliance Industries and Kotak Mahindra Bank as the top drags. Shares of Reliance Industries (RIL) and Kotak Mahindra Bank fell as their June quarter numbers failed to cheer Dalal Street while the shares of ITC dropped after the company announced its board has given in-principle approval for the demerger of its hotels business. Weak global cues ahead of the major central bank meetings also weighed on sentiment.