China Financial News

TikTok owner ByteDance on Wednesday released an update to its flagship AI model aimed at challenging Microsoft-backed OpenAI's latest reasoning model products, as a global race intensified to create AI models capable of tackling complex problems.

Subscribe to enjoy similar stories. BENGALURU : Geopolitics continues to dictate global tech policies and strategies. The latest example is the Stargate Project, one of US President Donald Trump's first major business initiatives after returning to office.

President Donald Trump’s insistence that he wants to have the Panama Canal back under U.S. control is feeding nationalist sentiment and worry in Panama, home to the critical trade route and a country familiar with U.S. military intervention

BJP MP Parvesh Verma has filed a Rs 100-crore defamation case against AAP supremo Arvind Kejriwal and Punjab Chief Minister Bhagwant Mann, accusing them of levelling false allegations against him. Verma said if he wins the case, he plans to use the money for development work in his New Delhi constituency, from where he is contesting the February 5 assembly polls against Kejriwal.

Hong Kong stocks weakened on Wednesday after U.S. President Donald Trump hinted at potential new tariffs on Chinese imports, ending a brief reprieve for the markets. The blue-chip CSEI 300 Index declined 1.1% in early trade, the biggest retreat in nearly two weeks, and the Shanghai Composite Index lost 0.9%.

Stocks climbed as President Donald Trump struck a better-than-feared tone on global trade and speculation grew that his policies will further boost Corporate America. Bonds continued to unwind the recent surge in yields that roiled markets. The dollar wavered. Over 400 shares in the S&P 500 rose, with the gauge up almost 1% as Trump is expected to announce a new investment push for artificial intelligence led by Softbank Group Corp., OpenAI LLC, and Oracle Corp. A closely watched exchange-traded fund tracking companies with AI exposure hit a three-year high. Small caps climbed on bets they will benefit from a protectionist stance. Trump’s flurry of executive orders helped boost space shares, while weighing on electric-vehicle makers. An ETF focused on big Chinese firms gained as the US president so far refrained from announcing tariffs on the Asian nation.

The Nifty tanked 1.4%, or 320.10 points, to close at 23,024.65. The Sensex plunged 1.6%, or 1,235.08 points, to close at 75,838.36. Both indices fell over 0.5% each in the last week. The selloff eroded India's market cap by around ₹7.52 lakh crore.

Donald Trump signed an executive order taking the United States out of the Paris Agreement.

TikTok remained unavailable on Apple and Google app stores in the U.S. on Tuesday, a day after President Donald Trump signed an executive order delaying the enforcement of a ban on the popular Chinese-owned short-video app by 75 days.

Chinese Foreign Ministry said on Tuesday. The ministry was reacting to External Affairs Minister S Jaishankar's recent remarks that the India-China relationship is trying to disentangle itself from the complications arising from the post-2020 border situation and more thought needs to be given to the longer-term evolution of the ties.

Subscribe to enjoy similar stories. The general mood is upbeat at this year’s World Economic Forum (WEF), though day one at Davos coincided with a flurry of executive orders by US President Donald Trump immediately after he took oath.

United States president Donald Trump began his second term by taking world financial markets on a daylong rollercoaster ride over his tariff policies, in a sign of turbulence ahead for investors and executives.

United States President Donald Trump said Monday night that he thinks a 25 per cent tariff on Canadian imports could go into effect on Feb. 1, capping a roller-coaster first day in office in which no specific tariff measures were implemented.

Global shares are mixed in a muted reaction to the inauguration of U.S. President Donald Trump, while U.S. futures have advanced

BEIJING — Chinese Vice Premier Ding Xuexiang warned there are «no winners» in a trade war, as the world's second-largest economy faces the possibility of tariffs under the freshly-inaugurated administration of Donald Trump.

Subscribe to enjoy similar stories. President Donald Trump will be tested early after having taken charge of the Oval Office in the US White House. Last week, the Supreme Court upheld a federal law requiring the popular social media app TikTok to be divested in favour of non-Chinese ownership by its China-based parent company, ByteDance, or be banned.

Donald Trump vowed to impose steep tariffs of 10% to 20% on global imports into the US and 60% on goods from China on his first day in office to help reduce a trade deficit that now tops $1 trillion annually. Trump had promised nearly 100 executives on his Day 1 as the president and imposition of tariffs was expected to be one of those major orders. «We should expect some fairly rapid moves on tariffs because contrary to what a lot of the commentaries are expecting, what we are likely to see from Donald Trump is 'tariffs-first talk-later' rather than using the threat of tariffs to bring people to the table, impose the tariffs first, ratchet them back in return for concessions,» Alastair Newton, CEO, Alavan Business Advisory, had told ET Now.

Subscribe to enjoy similar stories. The world came to a standstill five years ago. The pandemic that began in China has since receded.

Globalization and disappearing trade boundaries are things of the past, with countries turning inwards, while wars are taking on an economic avatar with trade barriers and tariffs.