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The Latest Breaking News from China

Putin says Brics should become trading bloc representing ‘global majority’

Russian president addresses group at South Africa summit, blaming western sanctions for causing volatility in global markets

The Guardian - US

Exporters bullish on Chinese economic woes

China's meteoric growth may be coming to an end, but opportunity apparently still remains, reports Andrew Bevin

Newsroom.co.nz

NBA Issues Maximum Fine to James Harden for Comments About Daryl Morey

The guard recently called Philadelphia’s president of basketball operations a “liar” in China.

Sports Illustrated

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Crude Slightly Lower on Increase in Iranian Exports

September WTI crude oil (CLU23 ) this morning is down -0.18 (-0.22%), and Sep RBOB gasoline (RBU23 ) is up +1.57 (+0.57%). Crude oil and gasoline prices this morning are mixed. Bearish factors include a stronger dollar and an increase in Iranian crude exports. In addition, weakness in China's economy,...

Barchart

From abortion to January 6: where each Republican candidate in the debate stands on big issues

Donald Trump again skipped the second debate of the 2024 primary season, as candidates vie to present policy agendas

The Guardian - US

Australia tries to salvage EU trade talks after being ‘offered too little and asked too much’

Tim Ayres says ahead of meeting in India that both sides ‘ought to get on with it’ but warns deal only possible if farmers gain more access to European markets

The Guardian - AU

4 Top Notch Coal Stocks to Buy This Week

Despite the global shift toward embracing cleaner energy choices, robust demand from emerging economies should keep the coal industry afloat. Therefore, four top-notch coal stocks, China Shenhua Energy Company (CSUAY), CONSOL Energy (CEIX), SunCoke Energy (SXC), and Hallador Energy (HNRG), could be ideal buys this week. Continue reading….

StockNews.com

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U.S. Emulates Communist China in New TikTok Draft Agreement

Plus: Americans vote too much, Indiana abortion ban to take effect, and more...

Reason

Explosion at coal mine kills 11 in northern China

At least 11 people were killed following an explosion in the Shaanxi province, authorities say.

Al Jazeera

Markets Today: Stock Indexes Extend Monday’s Gains on Strength in Tech Stocks

Morning Markets September E-Mini S&P 500 futures (ESU2 3) this morning are up +0.60%, and Sep Nasdaq 100 E-Mini futures (NQU2 3) are up +0.85%. Stock indexes this morning are moderately higher, led by strength in technology stocks. Nvidia is up more than +2% in pre-market trading, adding to Monday’s...

Barchart

PGTI Chief Executive Mundy confident of Indian golfers ending medal drought in Hangzhou Asian Games

India has strong chance of ending medal drought in golf at upcoming Asiad: Mundy. With a strong team of seven pros, PGTI Chief Executive Uttam Singh Mundy is confident India will win a medal at the Hangzhou Games in China. Golf has seen rapid changes in recent years, with more…

The Hindu

Boosting trade and reducing dollar dependence top economic agenda at BRICS summit

As BRICS leaders meet in Johannesburg on Tuesday, they will be sure to discuss ways to increase commercial exchanges within the bloc of emerging economies comprised of Brazil, Russia, India, China and South Africa. The group, which represents 16% of global trade, will also look to encourage the use of…

France 24

U.S. Commerce Chief to Visit China Next Week

The announcement of Gina Raimondo’s trip from Aug. 27 to 30 follows Washington’s easing of export restrictions on 27 Chinese entities

Caixin Global

Why Arm is poised to have the largest IPO this year

Its chips are used in just about every smartphone today.

Fortune

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Al Jazeera

Can BRICS end ‘apartheid’ against the Global South?

As the grouping of five emerging economies meets in South Africa, here’s what to expect.

The Week

Can Brics replace the G7 in new world order?

The leaders of Brazil, India, China and South Africa kick off a three-day summit in Johannesburg today billed as the most important meeting of the Brics nations in a decade.

France 24

BRICS summit of emerging economies gets under way without Putin

BRICS leaders meet in South Africa on Tuesday as the loose association of major emerging economies seeks to assert its voice as a counterweight to Western dominance in global affairs. The so-called BRICS nations -- Brazil, Russia, India, China and South Africa -- represent a quarter of the global economy,…

Caixin Global

U.S. Eases Export Restrictions on 27 Chinese Entities

The Commerce Department says end-use checks had been successfully conducted, ahead of Secretary Gina Raimondo’s visit to China later this month

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Space

What does the Luna-25 moon lander crash mean for Russia's lunar exploration plans?

The first domestically produced moon probe in modern Russia history, Luna-25 was important in both political and scientific terms. The implications of its failure are likely to be considerable.

The Independent UK

North Korean plane takes off from Beijing in a sign Pyongyang is opening borders post-pandemic

A North Korean commercial flight has taken off from Beijing in a sign that Pyongyang is its opening its borders again after almost three years of severe COVID-19 restrictions

Caixin Global

Shanghai Composite Index Rose 0.88% on Tuesday

Shenzhen Component Index closed up 0.53%

Radio France Internationale

Russia and China seek to further political agendas at Brics summit

Russia and China will be looking to gain more political and economic ground in the developing world at the Brics summit in South Africa this week – when an expected joint dose of anti-West grumbling may take on a sharper edge as they move to bring Saudi Arabia closer.

The Week

‘Ridiculous’ deal closes restaurant in weeks

An all-you-can-eat restaurant in China has had to close after just two weeks due to a “ridiculously generous” loyalty deal, said The Mirror. Jiamener had more than 500 customers a day but the owner struggled to turn a profit as he was offering a $25 loyalty card for unlimited food…

France 24

Size, population, GDP: The BRICS nations in numbers

Officials from Brazil, Russia, India, China and South Africa gather in Johannesburg on Tuesday for a three-day BRICS summit, a five-nation club comprising 40% of the world’s population and more than 25 percent of global GDP that positions itself as an economic counterweight to the West. Almost 15 years on…

Al Jazeera

Can BRICS create a new world order?

Dozens of nations want to join the club as an alternative to the US-led order. But internal fissures could limit BRICS.

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