33 h. ago Trump tells Europe to put economic pressure on China over Ukraine

US President Donald Trump urged European countries on Thursday to put economic pressure on China because of its support for Russia’s invasion of Ukraine, the White House said. Speaking by video conference with European leaders gathered in Paris, Trump also said “Europe must stop purchasing Russian oil that is funding the war”, a senior White House official said on condition of anonymity. Ukraine’s President Volodymyr Zelensky, who also took part in the meeting, said earlier that Trump was “very...

Politics

33 h. ago Trump calls out Europe for 'funding' Putin's war and failing to 'pressure' China

Trump calls out Europe for 'funding' Putin's war and failing to 'pressure' China  Fox News

Events

34 h. ago Trump pushes Europe to stop buying Russian oil and up pressure on China in effort to end Ukraine war

Trump pushes Europe to stop buying Russian oil and up pressure on China in effort to end Ukraine war  CNN

Events

40 h. ago Chinese provinces prep for business trips to US amid shaky tariff truce

More Chinese entrepreneurs and local government representatives could soon be packing for New York and California, aiming to take advantage of a recent stabilisation in US-China relations to hop across the Pacific and scout out potential trade and investment opportunities. Visits by delegations from China in the coming months will seek to leverage the pro-business amity and autonomy of local authorities in the US to advance economic ties, as Beijing encourages subnational exchanges. China’s...

Economics

58 h. ago China unveils laser weapons, huge underwater drones, and advanced missiles in major military parade

China unveils laser weapons, huge underwater drones, and advanced missiles in major military parade  Business Insider

Events

3 d. ago Xi reiterates support for Iran nuclear programme amid Western pressure

Chinese President Xi Jinping doubled down on his support for Iran to “safeguard its national sovereignty” and vowed to promote a widely accepted solution to the Iranian nuclear issue as Tehran faces mounting Western pressures over its nuclear programme. “China attaches importance to Iran’s repeated affirmation that it does not seek to develop nuclear weapons, respects Iran’s right to peaceful use of nuclear energy,” Xi told his Iranian counterpart, Masoud Pezeshkian, according to state-owned...

Events

3 d. ago China piles pressure on Pakistan: How Beijing is forcing Islamabad to meet three tough demands before CPEC...

China piles pressure on Pakistan: How Beijing is forcing Islamabad to meet three tough demands before CPEC...  Moneycontrol

Events

4 d. ago BYD Stock Plummets. How China’s EV Price War Tanked Tesla Rival’s Earnings.

BYD Stock Plummets. How China’s EV Price War Tanked Tesla Rival’s Earnings.  Barron's

Events

4 d. ago Tesla sees exodus of South Korean retail investors as crypto’s allure rises

South Korea’s retail investors are losing faith in Tesla’s stock, ramping up their selling last month amid growing disillusionment with the electric carmaker and rising interest in cryptocurrencies. Individual investors in South Korea sold a net US$657 million of Tesla stock in August, the largest outflow since at least early 2023, according to Bloomberg calculations of depository data. Investors have instead favoured even more volatile bets such as Bitmine Immersion Technologies, seen as a...

Economics

7 d. ago China's big banks warn of more margin pressure in the second half

China's big banks warn of more margin pressure in the second half  Reuters

Events

7 d. ago US ambassador to China expected to skip Beijing military parade: sources

America’s envoy to Beijing is expected to skip China’s military parade next week, joining what appears to be a concerted effort by Western missions to opt out of the grand event despite Chinese pressure. The South China Morning Post has learned from multiple sources that US ambassador David Perdue is unlikely to attend the parade that China is holding in Tiananmen Square in Beijing on Wednesday to commemorate the end of World War II. It is unclear if the US embassy would instead dispatch another...

Events

7 d. ago Profitability pressure grows for China’s state banks amid low rates

China’s top banks face continued pressure, as a slowing economy, lower interest rates and weak loan demand weighed on first-half earnings. Net profit at Industrial and Commercial Bank of China (ICBC), the world’s largest bank by assets, fell 1.4 per cent in the first half from a year earlier to 168.1 billion yuan (US$23.5 billion), according to its interim results announced on Friday after the market closed. Its net interest margin (NIM), a key indicator of a bank’s profitability, fell to 1.3...

Economics

7 d. ago Alibaba’s quarterly profit surges 78% on equity investments, disposals

Alibaba Group Holding, China’s e-commerce and cloud computing services giant, on Friday reported a 78 per cent surge in profit for the June quarter, while “robust AI demand” led to 26 per cent revenue growth for its cloud business. Net income attributable to ordinary shareholders advanced 78 per cent to 43.1 billion yuan (US$6 billion) in the period, up from 24.3 billion yuan a year earlier, primarily due to “mark-to-market changes from our equity investments and gains from the disposal of the...

Economics

7 d. ago Alibaba claims win in China’s instant commerce war as quarterly profit rises

Alibaba Group Holding, China’s e-commerce and cloud computing services giant, on Friday reported a 78 per cent surge in profit for the June quarter, while “robust AI demand” led to a 26 per cent revenue growth for its cloud business. Net income attributable to ordinary shareholders advanced 78 per cent to 43.1 billion yuan (US$6 billion) in the period, up from 24.3 billion yuan a year earlier, primarily due to “mark-to-market changes from our equity investments and gains from the disposal of the...

Events

7 d. ago Alibaba confident of winning instant commerce war as quarterly profit rises

Alibaba Group Holding, China’s e-commerce and cloud computing services giant, on Friday reported a 78 per cent surge in profit for the June quarter, while “robust AI demand” led to a 26 per cent revenue growth for its cloud business. Net income attributable to ordinary shareholders advanced 78 per cent to 43.1 billion yuan (US$6 billion) in the period, up from 24.3 billion yuan a year earlier, primarily due to “mark-to-market changes from our equity investments and gains from the disposal of the...

Events

7 d. ago No attempts to pressure China will succeed: Beijing to Washington

No attempts to pressure China will succeed: Beijing to Washington  Anadolu Ajansı

Events

8 d. ago Tesla Rival Li Auto Stock Falls After Earnings Amid China’s EV Price War

Tesla Rival Li Auto Stock Falls After Earnings Amid China’s EV Price War  Barron's

Events

1 week ago Tesla Stock Advances Above Buy Point But EV Business In China Is Still Under Pressure

Tesla Stock Advances Above Buy Point But EV Business In China Is Still Under Pressure  Investor's Business Daily

Economics

1 week ago Tesla Stock Nears Buy Point But EV Business In China Is Still Under Pressure

Tesla Stock Nears Buy Point But EV Business In China Is Still Under Pressure  Investor's Business Daily

Economics

1 week ago Maduro calls on China as US mounts pressure on Venezuela. Will it answer?

Maduro calls on China as US mounts pressure on Venezuela. Will it answer?  CNN

Events