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The Latest Breaking News from China

Taiwan Conducts Realistic War Games Amid Tensions With China

Taiwan conducts annual war games to simulate repelling Chinese attacks, amidst tensions over sovereignty claims.

Top News

Sugar Prices Lower on Doubts About Global Economic Growth

October NY world sugar #11 (SBV24 ) today is down -0.40 (-2.14%), and Oct London ICE white sugar #5 (SWV24 ) is down -11.10 (-2.05%). Sugar prices are lower today due to doubts about the global economic outlook after China was forced to cut interest rates and Japan's Cabinet Office...

Barchart

Yellen To Address G20 Finance Leaders On US Policy Commitments After Biden's Withdrawal From Presidential Race

U.S. Treasury Secretary Janet Yellen's presence at the G20 summit in Brazil aims to address subjects on green energy incentives, efforts to tackle debt distress, support for Ukraine and the capacity of China's manufacturing sector.

International Business Times

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Philippines Bans Chinese-Run Online Gambling, Asserts Territorial Rights

President Marcos Jr. bans online gaming due to crimes; crackdown on illegal activities ongoing. Efforts to resolve territorial disputes with China through ...

Top News

Crude Oil Continues Lower on Economic Uncertainty

August WTI crude oil (CLQ24 ) today is down -0.24 (-0.30%), and Aug RBOB gasoline (RBQ24 ) is down -0.0096 (-0.39%). Crude oil and gasoline prices today extended last Friday's sharp losses on concern about the global economy and US political uncertainty. China's -10 bp rate cut today reinforced worries...

Barchart

Xiaomi goes wild with 1,526bhp version of its debut SU7 electric vehicle –and it's heading to the Nürburgring to topple records

Xiaomi has taken the wraps off its race-ready SU7 Ultra prototype, which will be taking to the Nürburgring later this year in an attempt to break some EV records.

TechRadar

Marcos says Philippines ‘cannot yield’ in South China Sea dispute

Philippine president makes remarks as Beijing and Manila agree on a deal to defuse tensions at the Second Thomas Shoal.

Al Jazeera

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Stocks Higher on Strength in Chip Stocks and China’s Rate Cut

The S&P 500 Index ($SPX ) (SPY ) today is up +1.00%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.43%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +1.53%. US stocks today are trading higher as companies recover from last Friday’s major IT...

Barchart

Chinese University Fires Professor Over Sexual Harassment Allegations

Renmin University of China takes swift action by firing professor for sexual harassment following student's allegations on social media. Incident underscor...

Top News

How Kamala Harris views the world: From Gaza and Russia to China and India

US candidate Harris is expected to remain consistent with Biden’s policies on China, Ukraine and Gaza for the most part.

Al Jazeera

'Very Scared': Sony-Honda Chief Warns Japan Of China's EV Dominance

Yasuhide Mizuno, the head of Sony-Honda’s EV joint venture Afeela, warns Japan "will always be followers" to China in the electric race unless things change.

InsideEVs

Stocks Higher as China’s Rate Cut Outweighs US Political Uncertainty

The S&P 500 Index ($SPX ) (SPY ) today is up +1.01%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.15%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +1.57%. US stocks today are trading higher as companies recover from last Friday’s major IT...

Barchart

Mixed Reactions To Trump's Comments On Taiwan Defense Spending

Former President Trump's comments on Taiwan's defense spending spark mixed reactions. Taiwan emphasizes commitment to defense amid China threat.

Top News

KTM's Parent Company Isn't Doing Hot, Shifting More Production to China and India

Pierer Mobility AG is cutting a number of jobs, as well as moving more production to China and India, as the market cools after years of being hot.

RideApart

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Newslaundry

Inflation framework without food, China conundrum: 10 takeaways from the economic survey

From a cautious growth projection, to the need for stability amid global headwinds and geopolitical risk, to an onus on the private sector to boost employment, the Economic Survey 2024 presented in Parliament on Monday by Union finance minister Nirmala Sitharaman had several key points.

Fortune

Nvidia is reportedly making another China-focused AI chip as U.S. export controls hit its business in the world’s second largest economy

The firm is reportedly working on a version of its upcoming Blackwell AI processor that complies with U.S. export regulations.

Fortune

Bill Ackman warns political chaos around Biden is an invitation for rivals to exploit U.S. weakness

The billionaire investor posted on X: "If I were China, I would invade Taiwan tomorrow."

The Independent UK

A PhD student at a top Chinese university publicly accuses her supervisor of sexual harassment

A female PhD student at one of China’s top universities took social media by storm after accusing her academic supervisor of sexual harassment and said he threatened to stop her from attaining her doctorate for refusing his advances

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The Guardian - US

USA v China: who will win the battle to top the Paris 2024 Olympics medal table?

The Americans edged out the Chinese in the gold medal count in Tokyo. Will the two swap positions this time around?

Top News

China Floods: 25 Dead, Dozens Missing In Bridge Collapse

Flash floods and a bridge collapse in China lead to 25 fatalities, raising concerns over infrastructure safety amid extreme weather conditions.

The Independent UK

China's central bank cuts interest rates, moving to put more pep into the economy

China’s central bank has cut key interest rates in a surprise move aimed at injecting new into the ailing property sector, while the ruling Communist Party released details of a top-level meeting focused on long-term economic strategy

Caixin Global

Shanghai Composite Index Fell 0.61% on Monday

China’s benchmark Shanghai Composite Index (000001.SH) lost 0.61% on Monday, while the Shenzhen Component Index (399001.SZ) fell 0.38%.

The Guardian - US

Lame duck or legacy maker? How Biden announcement could affect US relations with foreign leaders

Announcement comes at turbulent time in world affairs, with conflicts in Ukraine and Gaza and a growing US-China rivalry

The Independent UK

Rescuers search for dozens missing after flooding and a bridge collapse in China kill at least 25

Rescuers are searching for dozens missing after heavy rains caused flash flooding and a bridge collapse in different parts of China, killing at least 25 people

Top News

Asian Stocks Lower As Biden Exits 2024 Race, Tech Outage

Asian stocks react to Biden's exit from 2024 race and tech outage, China lowers rates, U.S. markets face losses.

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