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The Latest Breaking News from China

China's Xi to visit Hong Kong for 25th anniversary handover - Xinhua

Chinese President Xi Jinping will visit Hong Kong for the 25th anniversary of the city's handover to mainland China, state news agency Xinhua reported on Saturday.

Reuters

Are Sports Cars An Endangered Species In The Automotive World?

Between high-performance SUVs and the SUV/sedan hungry Chinese market, coupes and convertibles are becoming a very niche segment.

Motor1

Deadly flood reminds of need for cooperation

It is gratifying to note that Bangladesh and India resolved to work more closely for further collaboration in the areas of common rivers and water resources management during the seventh session of the Joint Consultative Commission (JCC) meeting held in Delhi on June 14.

Bangkok Post

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3 Coal Stocks That Are Up While The Rest Of The Market Plunges

Europe trying to replace Russian energy supplies is turning toward coal as a cheaper energy source, boosting demand. Moreover, investment in the coal market is expected to increase this year. With promising market prospects in sight, coal stocks SunCoke (SXC), China Shenhua (CSUAY), and Alpha Metallurgical(AMR) might be profitable investments.…

StockNews.com

China reopens visas for Australians, but those with a past COVID-19 infection will have to take six PCR tests

China reopens family and work visas for Australians for the first time in two years, but people who have previously tested positive for COVID-19 will have to jump through extra hoops.

ABC News

Meta's Biggest Rival Posts Visible Success On Gaming Foray Despite Bigger Rivals Like Tencent, NetEase

TikTok parent ByteDance Ltd's gaming foray exudes promise as spending across its mobile titles grew over the past year, according to Sensor Tower. The report highlighted TikTok owner generated $1 billion of player spending across its mobile games as of the year ended June 20, 2022, up 16% year-on-year. ByteDance had set…

Benzinga

Brick by brick: On the 14th BRICS Summit

BRICS countries have shown they can cooperate where their interests align

The Hindu

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Here's Why Credit Suisse Sees Tesla Triumph Amid Odds

Credit Suisse analyst Dan Levy maintained Tesla Inc (NASDAQ:TSLA) with an Outperform and cut the price target from $1,125 to $1,000 (37% upside). Levy expected Tesla's 2Q deliveries of 242,000, missing the consensus of ~280,000 due to the Shanghai COVID shutdown. Moreover, given the lower delivery outlook, the associated margin impact, and an expected Bitcoin impairment, he…

Benzinga

Analysis: Russia has unified NATO. But Biden, G-7 allies face mounting challenges

KRÜN, Germany — When President Joe Biden returns to Europe this weekend for six days of economic and national security meetings, he’ll do so as the leader of reinvigorated Western alliances, resolute in responding to Russia’s invasion of Ukraine and recommitted to defending democracy.

Los Angeles Times

Solidarity behind Ukraine's Russia fight atop summit agendas

Back-to-back world leader summits in Europe this weekend will focus on uniting Western nations behind Ukraine in its fight against Russia’s invasion and overcoming Turkey’s opposition to NATO membership for Finland and Sweden

The Independent UK

China Online Education Registers 90% Revenue Decline In Q1

China Online Education Group (NYSE:COE) (51Talk) reported a first-quarter FY22 revenue decline of 89.7% year-on-year to $9.5 million. COE did not recognize $48.0 million in non-compliant lesson consumptions as revenues. The number of active students with general lesson consumption was 298,600, down 24.0% Y/Y. Gross margin loss was (14.0)% versus 73.4% a year…

Benzinga

Ukraine war: Nato summit to meet in a world reordered by Russian aggression and Chinese ambition

Leaders of Nato’s 30 nations meet in Madrid at the end of June for what the secretary general, Jens Stoltenberg, has dubbed an “historic and transformative” summit. The war in Ukraine provides the backdrop, but preparations for the meeting began well before the Russian invasion. The conflict will focus minds…

The Conversation

Chinese vessels spent record 64 hours in Japan's territory

The Japan Coast Guard confirmed Thursday that two China Coast Guard vessels intruded into Japanese territorial waters off the Senkaku Islands and stayed in the waters for 64 hours, the longest single intrusion since Japan nationalized the islands in 2012.

The Japan News/Yomiuri

China Online Education Spins Off China Mainland Business

China Online Education Group (NYSE:COE) has entered into a definitive share purchase agreement with Dasheng Holding (HK) Limited, controlled by China Online chairman & CEO Jiajia Jack Huang. Under the agreement, Jiajia Jack Huang, through Dasheng, will acquire the company's online English tutoring businesses in the China mainland, including all associated liabilities…

Benzinga

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Asharq Al-Awsat

H&M Closes Shanghai Flagship Store, Hurt by Lockdowns and Consumer Backlash

H&M has shut its flagship Shanghai store, its latest closure in China where consumer demand has slumped amid COVID-19 lockdowns and the fast-fashion retailer has borne the brunt of a backlash against companies that refuse to use Xinjiang cotton. Although it was open earlier this month, the three-storey building in…

The Guardian - UK

Chinese premier calls for more coal production as electricity demand soars

Records for electricity usage broken in Shandong, Henan and Jiangsu after early summer heatwaves

Los Angeles Times

As China shuts out the world, internet access from abroad gets harder too

TAIPEI, Taiwan — Most internet users trying to get past China's Great Firewall search for a cyber tunnel that will take them outside censorship restrictions to the wider web. But Vincent Brussee is looking for a way in, so he can better glimpse what life is like under the Communist…

Caixin Global

China Debuts Interbank Transition Bonds Amid Drive to Cut Carbon

The issuers hail from high-emitting industries such as power generation and aluminum production

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The Conversation

Nigeria's latest lithium find: some key questions answered

High-grade lithium has been discovered in Nigeria. In 2019 the total production volume of lithium, not high grade, in Nigeria reached 50 metric tons This is small compared to Zimbabwe which produced 1,200 metric tons the same year. The Conversation Africa’s Wale Fatade asked geologist Ibrahim Garba for his insights.

Asharq Al-Awsat

Israel Plans to Bring in 15,000 Workers from Morocco

Morocco and Israel are planning to fly in thousands of Moroccan workers to Tel Aviv to meet local demand. Up to 15,000 workers, including hundreds of engineers, are part of the plan. Chairman of the Construction and Wood Workers Union in Israel’s Histadrut labor federation, Yitzhak Moyal, said: “We are…

Reuters

China's envoy calls on new Australian government to repair bilateral ties

China's ambassador said on Friday Australia had fired the "first shot" in deteriorating trade relations but that there was an opportunity to improve bilateral ties if the new government in Canberra took action.

Caixin Global

Shanghai Composite Index Rose 0.89% on Friday

Shenzhen Component Index closed up 1.37%

The Guardian - AU

China ambassador tells Australian protesters ‘no such thing as absolute freedom’

Xiao Qian says there is no reason for China and Australia to be enemies as his address is interrupted by protests

The Independent UK

US Pacific admiral: Ties with Japan key to regional security

The U.S. Navy’s top commander in the Pacific and the Japanese defense minister say that close cooperation between their naval forces is more important than ever in the region amid rising tensions over China, North Korea and Russia

Asharq Al-Awsat

Asian Markets Rise as Recession Talk Tempers Rate Hike Expectations

Stocks rose in Asia on Friday following another rally on Wall Street as investors try to process central bank moves to fight soaring inflation with the growing possibility that those measures will induce a recession. Global markets have been thrown into turmoil for months by a perfect storm of crises…

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