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The Latest Breaking News from China

Markets Today: Stocks Slightly Lower on Chinese Economic Woes

Morning Markets September E-Mini S&P 500 futures (ESU2 3) this morning are down -0.04%, and Sep Nasdaq 100 E-Mini futures (NQU2 3) are down -0.08%. Stock indexes this morning are modestly lower. Negative carryover from a fall in Chinese stocks today weighs on U.S. stock indexes. The markets are awaiting...

Barchart

Intel's purchase of Tower terminated, likely blocked by Chinese regulator

Despite the best efforts of CEO Pat Gelsinger, Intel was not able to secure regulatory approval for its $5.4 billion purchase of Tower Semiconductor. The deal has now been terminated by both sides.

Windows Central

War in Ukraine is a warning to China of the risks in attacking Taiwan

U.S. defense strategists warn that China may use the distraction of the war in Ukraine to launch military action against Taiwan. They believe Chinese President Xi Jinping is determined to gain control over the breakaway province – which has been beyond Beijing’s control since the founding of the People’s Republic…

The Conversation

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China Delays Kill Intel's Tower Acquisition, Intel to Pay $353 Million Breakup Fee

Intel will not pursue acquisition of Tower Semiconductor following delay of Chinese review.

Tom’s Hardware

‘We are facing dependence on China’: EU battles to support green industry

Europe’s response to the US’s $369bn Inflation Reduction Act is being stymied by lack of funds and coordination, say analysts

The Guardian - UK

Chinese social media filled with anti-black racist content, says watchdog

Analysis by Human Rights Watch finds the country’s major platforms ‘do not routinely address’ pervasive online racism

The Guardian - UK

China deflation: why are prices going down?

Beijing denies it is in a ‘deflation’ but figures suggest economic struggle

Evening Standard

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Despite domestic political turmoil, Pakistan is well placed to boost regional integration

Pakistan is showing clear signs of economic and political crisis. Inflation was recently almost 38%, and the country faces a debt crunch as it tries to manage its trade deficit with the rest of the world. Talks with the IMF over emergency loans have dragged on for months.

The Conversation

Intel calls off $5.4b Tower deal after failing to obtain regulatory approvals

Intel is terminating a $5.4 billion agreement to acquire Israeli chip manufacturer Tower Semiconductor after China failed to sign off on the deal amid deteriorating US-China relations

The Independent UK

India and China pledge to maintain ‘peace and tranquility’ along border

In a statement, Beijing and New Delhi say they have ‘agreed to resolve the remaining issues in an expeditious manner’.

Al Jazeera

Kenya and the US are negotiating a trade deal that could be a model for Africa - but its position on workers needs a rethink

The US and Kenya announced a trade and investment partnership in July 2022. Talks have been progressing on the way forward in nine areas, including agriculture, anti-corruption, digital trade, environment and climate change action, and workers’ rights and protections.

The Conversation

China's economic woes keep getting worse. Here's why

China has seen a series of disappointing economic data this year. UBS' Tao Wang explains what went wrong with the anticipated recovery after China's tough COVID restrictions, and what could come next.

WEKU

2025 Kia EV5 Electric SUV Leaked In China, Stays True To Concept

The China-spec Kia EV5 is powered by an LFP (lithium-iron-phosphate) Blade battery from BYD and features a 215-horsepower rear-mounted electric motor.

InsideEVs

Congress lashes out at government over border issue with China

The Congress targeted the Modi government over the border situation with China, following the two-day military talks between India and China

The Hindu

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Dynamite News

Chandrayaan-3: A week away from scheduled landing on Moon's surface

With the launch of Chandrayaan-3, the Indian Space Research Organisation (ISRO) is embarking to achieve a successful soft landing on the Moon. India aims to become the fourth country in the world to achieve this feat, joining the ranks of the United States, Russia, and China. Read further on Dynamite…

Caixin Global

Shanghai Composite Index Fell 0.82% on Wednesday

Shenzhen Component Index closed down 0.94%

The Times of India

Germany, Spain in contest for $4.8 billion Indian submarine deal

NEW DELHI: Two European defense manufacturing giants are seeking to win a 400 billion rupee ($4.8 billion) order to build submarines in India as the South Asian nation looks to strengthen its navy to counter China’s expanding naval presence in the Indo-Pacific region.

The Independent UK

Stock market today: Asia shares decline as faltering Chinese economy sets off global slide

Asian shares have declined amid worries over discouraging data on China, as well as over the future of the U.S. economy

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The Independent UK

India and China pledge to maintain 'peace and tranquility' along disputed border despite tensions

Chinese and Indian military commanders have pledged to “maintain the peace and tranquility” along their disputed border in an apparent effort to stabilize the situation following a rise in tensions

The Times of India

Apple supplier Foxconn begins iPhone 15 production in India

CHENNAI: Apple Inc’s next-generation iPhone 15 is beginning production in Tamil Nadu, in an effort to further narrow the gap between its India operations and main manufacturing base in China.

Al Jazeera

Taiwan VP says China military action to US stopover would be interference

Self-ruled island that Beijing claims as its own is due to go to the polls in January with VP Lai the frontrunner.

The Times of India

Banks slash China economic growth forecasts

BEIJING: For the second straight month, a slew of disappointing economic data from China spurred investment banks around the world to cut their 2023 growth outlook.

The Times of India

China is hiding more and more data from the rest of the world

BEIJING: China’s abrupt decision to pause releasing data on its soaring youth jobless rate this week was the latest sign the Asian giant is increasingly restricting sensitive information — especially when it’s unflattering to the nation’s faltering economy.

The Conversation

New data reveal US space economy's output is shrinking – an economist explains in 3 charts

The space industry has changed dramatically since the Apollo program put men on the moon in the late 1960s.

The Guardian - AU

Janet Yellen inadvertently ate hallucinogenic mushrooms in China – and started a trend

‘I was not aware that these mushrooms had hallucinogenic properties. I learned that later,’ the US Treasury secretary told CNN

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