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The Latest Breaking News from China

Weekly Must-Read: Five Things to Know About China’s Draft Rules on Local Financial Institutions

Draft regulations to strengthen supervision may be difficult to enforce and could even put unnecessary burdens on market participants, experts say

Caixin Global

Xi Jinping moves to silence Covid Zero critics in sign of brewing tumult

BEIJING: China's top leaders warned against questioning Xi Jinping's Covid Zero strategy, striking a more defensive tone as pressure builds to relax virus curbs and protect the economic growth that has long been a source of Communist Party strength.

The Times of India

Former China Development Bank exec charged for taking bribes- state media

A former vice president of China Development Bank (CDB), He Xingxiang, has been charged for taking bribes, the official Xinhua news agency said on Friday.

Reuters

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53 dead in China building collapse, search for trapped ends

Chinese state media say that 53 people died in a building collapse one week ago in central China and 10 were rescued

The Independent UK

Shanghai says China's worst COVID outbreak under "effective control"

Shanghai said on Friday it has brought China's worst outbreak of COVID-19 under effective control following a month-long lockdown of nearly 25 million people, with authorities vowing to stand by their zero-COVID strategy despite mounting economic costs.

Reuters

China to send vice president to S.Korea president's inauguration

China's Vice President Wang Qishan plans to attend the inauguration of South Korean President-elect Yoon Suk-yeol next week, Yoon's team announced on Friday, as Beijing tries to expand its influence in the region.

Reuters

Caroline Kennedy confirmed by US Senate as next ambassador to Australia

The daughter of former US president John F Kennedy and a former US ambassador to Japan succeeds Arthur Culvahouse as US ambassador to Australia.

ABC News

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15 ETFs And Stocks With Exposure To Mexico

Just past the west Texas border into Chihuahua, Mexico is one of the largest silver mines in the country. Further south, an even larger silver mine resides in Zacatecas. Mexico is by far the world’s leading producer of silver, boasting 5,600 metric tons in 2021 versus the number two producer,…

Benzinga

'How did we catch it?': spread of COVID baffles locked-down Shanghai residents

Veronica thought she did everything right by sticking to all of the COVID-19 lockdown rules in the Chinese city of Shanghai.

Reuters

China’s Top Leaders Reiterate Support for ‘Zero-Covid’ Strategy

As widespread lockdowns hobble the economy, Politburo declares ‘persistence is victory’ and says it’s too soon to stand down

Caixin Global

Amid COVID and heated debate about China, how will multicultural Australia vote in 2022?

The debate over whether an “ethnic vote” phenomenon exists in Australia re-emerges at each federal election.

The Conversation

Australians support further restrictions on foreign ownership of farmland, Vote Compass data shows

Australian voters are split on many issues but there's strong agreement on who should own Australian farms — and it's not foreigners.

ABC News

Wrangler, Lee Parent's Q1 Earnings Exceed Street View; Cuts Q2 EPS Outlook

Kontoor Brands Inc (NYSE:KTB) reported first-quarter FY22 sales growth of 4% year-on-year to $679.74 million, beating the consensus of $655.33 million. The company attributed the revenue growth to strength in Digital and continued positive trends in the U.S. wholesale business and solid performance in international markets. Revenue in the U.S. increased 4% Y/Y,…

Benzinga

Turning Point Inks Licensing Pact For Gastrointestinal Cancers Candidate

Turning Point Therapeutics Inc (NASDAQ:TPTX) entered into an exclusive license agreement with LaNova Medicines Limited to develop and commercialize LM-302, in the U.S. and the rest of the world, excluding Greater China and South Korea. LM-302 is a novel antibody-drug conjugate (ADC) targeting Claudin18.2, a protein expressed in many gastrointestinal cancers, including gastric, gastroesophageal junction,…

Benzinga

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ABC News

Why Solomon Islands' deal with Beijing is different to past agreements with Pacific nations

Experts say a new security agreement signed by Beijing and Honiara is "qualitatively different' to Beijing's past agreements with Pacific nations and the geopolitical context has changed.

Benzinga

Aptiv Q1 Earnings Top Estimates

Aptiv PLC (NYSE:APTV) reported first-quarter FY22 sales growth of 4% year-on-year to $4.18 billion, beating the consensus of $4.04 billion. Revenue rose 4% adjusted for currency exchange and commodity movements. Revenue in North America rose 7%, South America increased 24%, Europe fell 5%, and Asia increased 9%, which includes growth of 14% in…

Roll Call

At the Races: Roe, Roe, Roe the vote - Roll Call

The CQ Roll Call newsroom tracks campaigns nationwide, sharing the best stories, with some extras, in the At the Races newsletter.

Tribune News Service

Costly beer and cars? Consumers, and profits, fine with that

Consumers seem undaunted by higher prices of everything from luxury cars to beer, letting companies like Anheuser-Busch InBev NV and BMW AG boost profits despite economic threats ranging from inflation to war to China’s Covid flare-up.

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news in one place.

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Tribune News Service

China’s top leaders reiterate support for COVID Zero strategy

China’s top leaders warned against questioning Xi Jinping’s COVID Zero strategy, as pressure builds to relax virus curbs and protect the economic growth that has long been a source of Communist Party strength.

Benzinga

Jazz Pharma, Sumitomo Pharma Ink Licensing Pact For Sleeping Disorder Candidate

Jazz Pharmaceuticals plc (NASDAQ:JAZZ) has acquired development and commercialization rights in the U.S., Europe, and other territories for Sumitomo Pharma's investigational DSP-0187. DSP-0187 is a potent, highly selective oral orexin-2 receptor agonist with potential application for treating narcolepsy, idiopathic hypersomnia, and other sleep disorders. Jazz has designated this molecule JZP441. Sumitomo Pharma initiated a Phase…

Al Jazeera

Death toll rises to 26 in central China building collapse

State media reports a tenth survivor has been pulled from the rubble nearly a week after incident in Changsha.

Benzinga

Drone Giant DJI's Russia Halt Pressures Other China Big-Techs

Key Takeaways: DJI has halted its Russia and Ukraine business and will reassess requirements in different legal jurisdictions, following wide-ranging western sanctions on Russia Other Chinese companies facing similar dilemmas include Alibaba, Lenovo, Huawei and Xiaomi By Tina Yip

ABC News

Anthony Albanese grilled over NDIS gaffe by Q+A host David Speers as the Opposition Leader pitches to Australian public on Scott Morrison's failures

In a wide-ranging Q+A appearance, Opposition Leader Anthony Albanese says Coalition leaders have become progressively worse, while denying he made a mistake when asked about the NDIS.

Reuters

Building collapse in China's Changsha kills 53

Fifty-three people died when a housing block collapsed in the Chinese city of Changsha last week, state broadcaster CCTV reported on Friday after days of rescue efforts.

USA Today Sports Media Group

Paula Reto, Bianca Pagdanganan among five from U.S. Women’s Open qualifier in Florida

Reto had 5-under 31s on the front nine in both rounds, and made four straight on Nos. 3-6 in the first round.

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