China Financial News

manjha, a kite string, in Delhi on Wednesday. As per a ToI report, the young girl was riding a motorcycle with her family when the kite manjha, often laced with glass for added sharpness, tragically cut her throat. The dangerous manjha was hanging from an electric pole.

As the pilot program for China’s central bank digital currency (CBDC) — the digital yuan — takes off, Chinese business travelers will reportedly be able to pay for flight tickets using the CBDC. 

Taiwan is investigating a possible leak of official documents including diplomatic cables and classified reports on the island's sensitive bid to join a global trade pact, according to two officials familiar with the probe. One official said initial findings showed some parts of the documents, posted on online message board 8kun and reviewed by Reuters, are real while bits were forged, without giving details. A second official said parts of the documents appeared to be «authentic» and they could not immediately determine the origin of the documents shared on the internet.

China has begun drilling a 10,000-meter hole in the ground for the second time this year as it seeks ultra-deep reserves of natural gas.China National Petroleum Corp. on Thursday began drilling the Shendi Chuanke 1 Well in Sichuan province, with a designed depth of 10,520 meters (6.5 miles), Xinhua News Agency reported.

Investing.com — Here is your Pro Recap of the biggest earnings reports you may have missed this week and how analysts responded: numbers out of Tesla, Netflix, IBM, and Goldman Sachs.

Disappearing acts have become a recurring theme in Chinese politics. From tennis star Peng Shuai to billionaire banker Bao Fan, many prominent individuals in China have vanished from the public eye, mostly after falling afoul of the Communist Party.

(Reuters) — European shares were muted on Friday, as a slump in technology stocks following software maker SAP's downbeat forecast was offset by gains in energy companies, which tracked oil prices higher.

BEIJING (Reuters) -Chinese authorities announced measures on Friday intended to help boost sales of automobiles and electronics with the goal of shoring up a sluggish economy, but the steps failed to impress investors who have been clamouring for stronger stimulus.

Beijing and other cities braced for severe flooding on Friday as summer storms rolled across many parts of China, while inland regions baked in intense heat, threatening to shrink the country's biggest freshwater lake. Wild weather swings have gripped China since April, causing deaths, damaging infrastructure and wilting crops as well as raising fears of its ability to cope with climate change. Historically, China enters its peak rainy season in late July, but extreme weather has made storms more intense and unpredictable, exposing heavily built-up megacities with poor or insufficient drainage to potentially deadly floods. In Beijing, authorities have deployed this week over 2,600 people to drain dozens of pumping stations in advance and clear thousands of water drainage outlets along roads. Several bus routes plying the suburbs and mountainous areas were halted. Authorities in the neighbouring city of Tianjin also ramped up flood control efforts in the Hai basin, a major northern drainage system. By contrast, scant rainfall in Jiangxi province has resulted in Poyang Lake, the country's largest body of fresh water, ebbing to its lowest level for this time of the year since records began in 1951.

By Nick Carey, Paul Lienert and Victoria Waldersee

By Kate Abnett

Elon Musk had briefly hinted that the social media giant might bring jobs feature to the Twitter app in reply to a post in May. Interestingly, Musk-led Twitter 2.0 also made its first acquisition in May in the form of job-matching tech startup Laskie.

Queensland mango growers say they will be priced out of the lucrative Japanese market by revised export regulations, claiming extra red tape will be a “wrecking ball” for the multi-million dollar sector.

Taiwan stocks, with foreign inflows the biggest in years, thanks to soaring artificial intelligence and chipmaking stocks. The wave of enthusiasm, which has also helped the tech-heavy Nasdaq to its best first half in 40 years, is running hard as the market is dominated like no other by top firms all along the computer hardware and software supply chains. Net foreign buying of $12 billion over the six months to June is the biggest since the first half of 2008, and Taiwan's benchmark index performance — it is up 20% in US dollar terms this year — is the best in Asia.

BEIJING (Reuters) — China's foreign exchange regulator said on Friday it will comprehensively use policy measures to stabilise market expectations, at a time when the yuan currency faces renewed downside pressure.

NASA briefing with reporters. Daily temperature records have already been shattered this month, and extreme heatwaves are being observed globally in the US, Europe, and China.

TikTok struck a partnership with «buy now, pay later» service Atome to offer installment payments on its e-commerce marketplace in Malaysia, the latest in the company's e-commerce push into Southeast Asia.

Janet Yellen’s push to elevate economic ties with Vietnam, on display with a high-profile trip this week, is drawing fire for seeking to strengthen US supply chains by replacing one repressive country with another. Yellen, who in December wrote, “We must shift away from supply chains that violate core human rights” — a reference to documented abuses in China — is meeting Vietnam’s prime minister, finance minister, central bank governor and chair of its national assembly on a three-day visit to Hanoi.

Pete Buttigieg said on Thursday his agency has national security concerns about Chinese autonomous vehicle companies in the American market after some lawmakers called for restrictions on their operations. «Whether we are talking about hardware or software, in the same way there are concerns around telecom or TikTok, there are concerns around transportation technologies,» Buttigieg said.

trade might be turning a corner. Daily shipments dropped 15.2% on average in the first 20 days of July from a year earlier, the customs office said Friday.

Also read: Humans living on Moon: Chandrayaan-3 to explore possibilities, says Union Minister Dr Jitendra Singh The size and brightness of a supermoon vary depending on the distance of the moon at perigee and the amount of light it reflects from the sun implying not all supermoons are equal. A blue moon, on the other hand, is not related to the moon's colour but refers to the second full moon occurring within a single calendar month.