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Vladimir Putin has reportedly asked Xi Jinping for a more convenient way to pay for Chinese parts bought by the Russian military.
Report says Beijing and Moscow discussing "ring-fencing" a bank that funds trade in parts for Russia's military - likely to incur US sanctions
European auto executives say higher tariffs will do little to protect them from Chinese electric vehicles.
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Japan has ordered Toyota, Mazda and Yamaha to suspend shipments of some vehicles for submitting incorrect or manipulated safety test data.
Japanese officials found irregularities in safety tests by several more carmakers, including the world's biggest auto-seller Toyota
Renewed optimism over US rate cuts elevated Asian shares in the first quarter of 2024.
American law firms are leaving China’s business capital Shanghai in droves.
More US law firms have left or are about to leave Shanghai, as business activity between the world's top economies continues to drop
Narendra Modi is keen to make India a global manufacturing hub if he wins a third term – as widely expected.
The Modi government has plans to increase India's share of global manufacturing to 5% by 2030 and 10% by 2047
Tesla is getting ready to release its ‘Full Self-Driving’ software with authorities in China.
US electric vehicle maker plans to register the latest software and may sell it as a monthly subscription to users of its cars in China
The US will scrap a tariff exemption on solar panels exported from China to offer more protection to domestic firms.
Biden administration scraps a tariff exemption on solar panels and makes it easier for solar projects to get subsidies for local products
China’s recent moves in Africa contain echoes of colonial times, experts say.
Chinese investment in Africa increased 114% last year, with a heavy focus on minerals essential to the global energy transition
Factory activity in China suffered an unexpected fall in May.
Industrial activity declined in May in another sign that the $18.6 trillion economy is struggling to get back on its feet
A Saudi state-linked fund is backing China’s efforts to rival ChatGPT-creator OpenAI.
Chinese efforts to develop a homegrown competitor to ChatGPT-creator OpenAI have won the backing from a state-linked Saudi Arabian fund
For a second time, China has successfully reached the far side of the moon — a region no other country has reached so far.
China’s Chang'e-6 craft successfully landed on the far side of the moon to retrieve the world's first rock and soil samples from the region
A senior US official has called on European and NATO countries “to send a collective message of concern to China."
Kurt Campbell said there was an urgent need for NATO nations to send a message to China over its actions "destabilizing the heart of Europe"
TikTok denied reports that it would split its algorithm for US users to create a version that would operate independently of its Chinese parent.
TikTok has denied reports that it plans to clone its algorithm for US users to create a version that would operate independently of ByteDance
“There is no evidence that big oil and gas companies are acting seriously to be part of the energy transition,” a new report says.
Big Oil All Talk And No Action on Climate Change, Report Says
China is planning to invest more than $830 million into the research and development of solid-state batteries.
China is planning to invest more than 6 billion yuan (about $830 million) into the research and development of solid-state batteries
A top US official has reiterated the threat of possible sanctions on Chinese firms and financial institutions.
A top US official reiterated the threat of possible sanctions on Chinese firms and financial institutions over Beijing’s aid to Russia
A fragile economy and a weak yuan has spurred the launch of a record number of global funds in China this year.
A record number of global funds have been issued under the Qualified Domestic Limited Partner (QDLP) programme amid high demand for foreign assets
News of former US President Donald Trump’s conviction drew huge interest – and mirth – in China.
While some were quick to mock the outcome, others noted that the case casts a dark shadow over China's tightly controlled legal system
Market analysts are expecting Indian markets to rally on Monday as exit polls project a strong election win for Narendra Modi.
Exit polls predicted a huge election victory for India's Modi — results which analysts say may trigger a rally in the country’s stock markets
Taiwanese authorities say a Chinese supplier for Apple has been illegally operating on the island – and trying to poach tech talent.
Justice officials named Luxshare Precision as one of eight Chinese companies "that came to Taiwan to illegally engage in the poaching our high-tech talents."
China’s BYD has launched new cars capable of going more than 2000 kilometres without needing a charge or extra fuel.
China's BYD says its latest hybrid tech promises a driving range of 2,100 kilometres on a fully charged battery and a full gasoline tank
Japan’s inflation indictors fell below 2% in April — for the first time in over a year and a half.
Economic data from April heightens uncertainty on the timing of the Bank of Japan's next interest rate hike
Influencers popular for displaying their luxurious lifestyles are disappearing from Chinese social media.
"Influencers" known for displaying luxurious lifestyles have vanished from social media in China recently amid a clampdown on "conspicuous displays of wealth"
North Korea’s latest attempt to launch a military satellite failed when its rocket exploded shortly after launch.
Bid by Pyongyang to launch a second spy satellite on Monday fails, when a newly developed liquid fuel rocket motor exploded over the Yellow Sea
China more than doubled its investments in Africa last year, focusing heavily on extracting critical minerals.
Chinese investment in Africa increased 114% last year, with a heavy focus on minerals essential to the global energy transition
Elon Musk’s AI startup xAI has raised another $6 billion in a fresh funding push.
The artificial intelligence startup will use the cash to bring xAI's first products to market, build new infrastructure and accelerate its R&D
China has sought to improve ties with two of its close neighbours in North Asia – Japan and South Korea.
Chinese premier met South Korea's Yoon and Japan's Kishida in Seoul in a push to revitalise ties, plus talks on a three-party free-trade deal. It's all about chips and Taiwan
Samsung Electronics faces the threat of a labour walkout next week.
A week after meeting China's PM, Samsung boss Jay Y Lee faces the threat of the group's first-ever walkout over demands for better pay and conditions
Tesla is planning to set up a data centre in China to develop its self-driving system.
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India is exporting products using Russian oil to countries with sanctions on Russia, with the top five being South Korea, Singapore, the US, Australia, and the Netherlands, Petro Logistics says Read more: https://www.asiafinancial.com/india-is-likely-reselling-russian-oil-to-west-claims-study #india #russia
Millions of people in China are under Covid controls again as Beijing continues to enforce its controversial zero-Covid policy and locks down key economic and technology hubs. Read more: https://www.asiafinancial.com/shenzhen-steps-up-covid-curbs-as-china-fights-new-outbreaks
Explained: Here's why Indian companies are ditching the US dollar and using Asian currencies to buy Russian coal. Read more: https://www.asiafinancial.com/indian-firms-using-asian-currencies-to-buy-russian-coal -------- Visit us - https://www.asiafinancial.com
Vietnam is hoping to double its wind power capacity with a $13 billion offshore facility developed by a US energy company. Learn more: https://www.asiafinancial.com/vietnam-plans-to-double-wind-power-with-13bn-us-project -------- Visit us - https://www.asiafinancial.com
A surprise visit by US House of Representatives Speaker Nancy Pelosi to Taiwan has brought back the spotlight on Taiwanese semiconductor maker TSMC and its crucial role in the global chip supply chain. Read more: https://www.asiafinancial.com/china-risk-sees-taiwans-tsmc-moving-chip-fabs-overseas
Using broad powers granted by the Trump administration, the Commerce Department is investigating if Huawei gear installed near key military bases poses a security threat.
The Warren Buffett-backed auto firm’s rise underscores China’s growing prowess in electric vehicle manufacturing and renewable energy, the FT said. Read more https://bit.ly/3nIMz8P
China’s poised to spend as much as $318 billion in a high-stakes bid to beat Covid lockdowns and prevent its economy from slumping into a recession. Is Beijing planning to implement a permanent Zero-Covid strategy, for years to come? Read here - https://bit.ly/3NWzLaq ------------ Visit us - https://www.asiafinancial.com ------------ Join us on Facebook - https://www.facebook.com/asiafinancia... Instagram - https://www.instagram.com/asiafinancial Twitter - https://www.twitter.com/Asia_Financial
A new report by Oxfam, the UK charity, says the wealth inequality gap increased as a new billionaire was created every 30 hours in the first two years of the Covid pandemic, while the poverty level grew for millions. Read more - https://bit.ly/3MVVwqj
The founder of Binance - the world’s largest crypto exchange by volume - Changpeng Zhao has lost $87 billion of his personal wealth in around 130 days. His net worth has now fallen to $11 billion. Watch here: https://www.asiafinancial.com/crypto-mogul-suffers-historys-biggest-wealth-loss-cnw
A total of 14 crash deaths have been reported in those Tesla’s Autopilot program investigations, including the three recent fatalities. Watch here: https://www.asiafinancial.com/us-agency-probes-role-of-autopilot-in-fatal-tesla-crash
Texas-based Fintiv claims PayPal infringed five of its digital payment patents and has also accused Apple Pay and Walmart. Details here: https://www.asiafinancial.com/af-tv-billions-at-stake-paypal-apple-pay-sued-over-key-payment-tech
Indian-owned technology companies in the UK are among the country’s fastest growing, a survey has found. Details here: https://www.asiafinancial.com/indian-owned-technology-firms-post-sharp-growth-in-uk
If you invested in Bitcoin a year ago, you’ve lost 42% of your money. Its recent dip has sent the Greed and Fear Index into ”extreme fear” territory. Here's a wrap of the top economic stories from Asia on May 9 👉 https://lnkd.in/du3-2Y_g #AFdaily #Bitcoin #cryptocurrency #cryptonews
The once-booming electric vehicle market has been hit hard and Nomura Holdings says the country’s hardline Covid policy has put the economy on the brink of recession. Report: https://www.asiafinancial.com/chinas-covid-surge-hits-tourism-leisure-over-key-holiday
Twitter said Musk secured $25.5 billion of debt and margin loan financing and is providing a $21 billion equity commitment. What's next for Twitter? https://www.asiafinancial.com/musk-buys-twitter-for-44bn-hails-free-speech-in-first-tweet
India’s IPO market has crashed back to earth this year after a record 2021. Here's a wrap of the top economic stories from Asia on April 12 👉 https://lnkd.in/dnnupgXe #markets #india #paytm #chartoftheday
Four domestically-listed Chinese companies announced last week their plans for secondary listings in Zurich. Watch here: https://www.asiafinancial.com/chinese-firms-flock-to-switzerland-as-us-delisting-risks-loom?s=audit#
When a sudden spike in China’s Covid cases alarmed investors across the world, China’s state council jumped to the markets’ rescue. #technews #ChinaNews #Chinesetech
Tesla has raised the price of its electric vehicles in China and USA, pushing Musk's dream further away to make them affordable. Watch here why: #russiaukrainewar #russiaukraineconflict #tesla #chinanews
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