China Financial News

Cross-chain protocol Multichain has announced that it is “forced to cease operations” due to a lack of operational funds. The announcement follows a report from blockchain analytics firm Chainalysis saying that withdrawals appear to be a “rug pull” by insiders. 

China said on Friday a Chinese kindergarten teacher who had poisoned 25 of her students, killing one, has been executed. A notice posted outside the No. 1 Intermediate Court in the Henan province city of Jiaozuo said Wang Yun's sentence had been carried out on Thursday.

Moon almost fifty years ago, however, to date, this remains an extremely difficult task to achieve. On 21 July 1969, Neil Armstrong became the first person to step onto the Moon. He was joined by Edwin 'Buzz' Aldrin 19 minutes later.

Customs Commissioner Aarti Saxena of Lucknow informed reporters that six officials stationed in the border area have been summoned to headquarters pending further investigation. The seized consignment, valued at approximately Rs 4.8 lakhs, was originally handed over to Customs officials for proper disposal, as per regulations that dictate perishable items should be destroyed within 24 hours.

By Natalie Grover

A rally in global stocks paused on Friday, though still on track for the best week since March, as earnings season in Europe and the US started to swing into gear.

The boss of JPMorgan says that Joe Biden’s economic policies are making things worse for America.

Narendra Modi congratulated the Indian Space Research Organisation (ISRO) for successfully launching Chandrayaan-3 into the orbit and for scripting «a new chapter in India's space odyssey». «Chandrayaan-3 scripts a new chapter in India's space odyssey. It soars high, elevating the dreams and ambitions of a every Indian.

China's size and ambition has enabled it to successfully penetrate every sector of the UK's economy, an influential parliamentary panel has said, warning that Beijing's national imperative continues to become a technological and economic superpower on which other countries are reliant, which represents the «greatest risk» to the UK. The House of Commons Intelligence and Security Committee (ISC) said in a wide-ranging report released on Thursday that the intelligence threat posed by China is compounded by a «whole-of-state» approach with the use of state and non-state players for spying.

Chandrayaan-3 launch cheered outside the mission control center and waved the national flag as they watched the Chandrayaan-3 spacecraft rise into the sky, as applause and cheers swept through the mission centre and the ISRO. Chandrayaan-3 took off at 14:35 pm with an orbiter, a lander and a rover. The spacecraft is set to embark on a journey lasting slightly over a month before landing on the moon’s surface later in August.

Chandrayaan-3, India’s third moon mission and its second attempt to make a soft lunar landing, took off successfully on July 14 at 2:35 pm aboard the aboard the Launch Vehicle Mark 3 (LVM 3) rocket from the second launchpad of the Satish Dhawan Space Centre, Sriharikota. At the end of the countdown, the LVM3-M4 rocket lifted off majestically at the prefixed time. The lift-off was normal and smooth, ISRO said.

The Indian Space Research Organisation (ISRO) on Friday at 2.30pm launched the Chandrayaan-3. The spacecraft blazing fire made its way to the far side of the moon in a follow-up mission to its failed effort nearly four years ago to land a rover softly on the lunar surface. Chandrayaan-3, the word for “moon craft" in Sanskrit, took off from a launch pad in Sriharikota in Odisha with an orbiter, a lander and a rover.

The United States Securities and Exchange Commission (SEC) could be investigated for a “haphazard and heavy-handed approach to digital assets” or, more specifically, for its “sweetheart deal” with crypto platform Prometheum. 

On July 13, Google said it had launched its Bard chatbot to users in the European Union and Brazil. This launch comes after the tech company overcame regulatory hurdles faced in the EU. The territory expansion also came with the unveiling of new features for the artificial intelligence (AI) tool.

Royal Academy in 2015 was designed to evoke horror as well as awe. Mr Ai arranged 90 tonnes of steel reinforcing bars in one gallery: they had been retrieved from schools destroyed in the Sichuan earthquake of 2008, which had killed more than 5,000 children. A new show, “Making Sense", which recently opened at the Design Museum in London, includes several large-scale works.

A corporate sci-fi? At this stage, it all sounds like a Hollywood sci-fi film — people from the Earth land tentatively on the Moon; rove and poke around to get the lie of the land; bring supplies from the Earth; hunt for minerals, gases and water; build houses, labs, space stations and tourism facilities; and compete to gain from the business all that activity generates. The only difference between this vision and the sci-fi movies is that it's closer than it appears. Under its Artemis mission, the US is aiming to land people on the Moon.

The Russian and Chinese Central Bank must cooperate on CBDC regulation, the Russian Prosecutor-General has claimed.

foreign banks that have shut shop in the country or scaled down their operations. So far, foreign lenders such as South Africa's First Rand Bank and Abu Dhabi Commercial Bank have completely exited India, while others such as Citi Bank, Barclays, and BNP Paribas have scaled down their operations. This leaves around 44 foreign lenders operating in the country. There have been some murmurs about how these exits are linked to stricter compliance requirements for foreign lenders, and more banks may leave Indian shores, which doesn't augur well for the economy as a whole. Foreign banks have been lobbying for changes in Indian banking regulations, arguing for a level playing field, but the fact is that most of these exits are linked to global business strategies. Supported by resilient domestic demand, India's growth story is only going to get stronger. Already, India's state-run banks have turned around, and private sector lenders are also well placed to meet the demands of a growing economy. As per a report from Goldman Sachs Research, India may emerge as the world’s second-largest economy by 2075. It makes little business sense if foreign lenders choose to stay away or continue here with restricted operations. In this context, the question arises: Do foreign banks need to reinvent themselves to stay relevant in India?

Raimondo and State Department officials in the weeks before State Secretary Antony Blinken visited Beijing in June, New York Times reported citing US officials. The investigation is underway but the US officials, on Wednesday, downplayed the idea that the Chinese hackers, who are likely to be part of the military or spy services, have stolen the sensitive information, insisting that no classified email or cloud systems were penetrated. The State Department's cybersecurity team first discovered the intrusion.

Norge Mining, a government organization in Norway, has unearthed extensive deposits of phosphate rocks within the country. This finding holds tremendous potential for the electric car industry, as these rocks can be utilized to power electric vehicles. According to Norge Mining, Norway may possess up to an astonishing 70 billion tonnes of phosphorus, sufficient to meet the electric power demand for the next half-century.

ISRO's high-profile launch of the year, the Chandrayaan-3 lunar mission, all eyes are on the country's space agency whose scientists are keen to taste success with a soft landing on lunar surface and put the country in an elite club of nations that have accomplished the challenging task. 'Fat boy' LVM3-M4 rocket will carry Chandrayaan-3 on Friday as part of the country's ambitious moon mission. The Indian Space Research Organisation will be launching the hugely anticipated mission from this spaceport at 2.35 pm on Friday. The soft landing on moon's surface is planned for late August. Chandrayaan-2 failed to achieve the desired soft landing on the moon surface in 2019, leaving the ISRO team dejected. Images of an emotional then ISRO chief K Sivan being consoled by Prime Minister Narendra Modi who was present to achieve the rare feat, remains vivid in the memory of many. Scientists at the Satish Dhawan Space Centre here, after investing many hours of hardwork, now aim at mastering the technology of soft-landing on the surface of the moon. A success would make India only the fourth country to achieve the feat after the United States, China and the former Soviet Union. Chandrayaan-3 is the third lunar exploration mission ready for take off in the fourth operational mission (M4) of LVM3 launcher. ISRO is crossing new frontiers by demonstrating soft-landing on the lunar surface by its lunar module and demonstrating roving on the lunar terrain, the space agency said. The 25.30 hour countdown for the launch is underway.