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The Latest Breaking News from China

Explainer: Is Thai supply chain anchored to China?

China's Covid containment measures, especially in the world's largest port city of Shanghai, have influenced Thailand's supply chain security and could cast a shadow on local manufacturers' decisions in the medium term.

Bangkok Post

US sues casino mogul Steve Wynn to compel him to register as agent of China

Justice department says Wynn lobbied the Trump administration for China to protect his business interests in Macau

The Guardian - US

Australia-US-Japan defence exercises expected to increase following China-Solomon Islands agreement

Australia, US, and Japan military exercises like the current Southern Jackaroo exercise are more important than ever, security analysts say, but investment is also needed with closer neighbours.

ABC News

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US sues casino mogul Steve Wynn over relationship with China

The Justice Department is suing longtime Las Vegas casino mogul Steve Wynn to compel him to register as a foreign agent because of lobbying work he performed at the behest of the Chinese government during the Trump administration

The Independent UK

Cryptocurrencies Trends to Watch This Year, Including Policy Decisions and Innovations

2021 was a year of significant volatility for cryptocurrencies due to multiple factors, including regulatory changes in China and Elon Musk’s realization of the negative environmental impact caused by cryptocurrency mining. Last year, the value of Bitcoin reached all-time highs before plummeting in May. Late last year, Ethereum also reached…

Benzinga

Doomed Boeing plane that nosedived killing 132 was 'sabotaged by someone in cockpit'

US officials' preliminary assessment has analysed both black boxes on board the plane and it indicates someone in the cockpit intentionally crashed the jet over Guangxi, China, on March 14

Daily Mirror

U.S. calls for Taiwan's inclusion at upcoming WHO assembly

Taiwan should be allowed to attend a World Health Organization assembly next week, the U.S. State Department said on Tuesday, arguing the democratically governed island's exclusion at China's behest was unwarranted and a concern for global health.

Reuters

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For businesses in Manhattan's Chinatown, inflation is a tough economic hurdle

Many businesses have relied on high sales volume to make a profit, but higher costs for wholesale goods and dwindling inventory because of supply chain disruptions are forcing them to raise prices.

WEKU

‘At 2.4 million in 2019, India led world in pollution deaths’

NEW DELHI: Pollution led to over 2.3 million (23 lakh) premature deaths in India in 2019, accounting for over a fourth of the nine million such fatalities worldwide, an update to The Lancet Commission on Pollution and Health published in The Lancet Planetary Health said. Economic losses from modern forms…

The Times of India

Suspect faces multiple charges in a deadly California church shooting

A prosecutor said the man charged with opening fire on a Taiwanese church congregation in Southern California wanted to "execute in cold blood as many people in that room as possible."

WEKU

'Where have all you Australians gone?' Australia's shrinking role in cultural diplomacy

Almost all governments today support some funding towards promoting their international political and economic agendas through cultural activities overseas: commonly referred to as part of “cultural diplomacy” or “soft power”.

The Conversation

Yellen calls on U.S., European allies to confront China together

U.S. Treasury Secretary Janet Yellen stepped up her criticism of China's economic and trade practices on Tuesday, calling on the United States and its allies in Europe to band together to challenge Beijing and diversify supply chains.

Reuters

Alibaba, Other Chinese Stocks Pop As China's Top Economic Official Expresses Support For Digital Platform Ahead Of 2022 Election

China's top economic official offered an unusually public show of support for digital platform companies hinting toward possible ease in the ongoing crackdown, Bloomberg reports. The latest comments may inject much-needed confidence into the capital markets. Tencent Holding Ltd (OTC:TCEHY) and Alibaba Group Holding Limited (NYSE:BABA) combined lost over $1 trillion in market value post…

Benzinga

WPI inflation at 9-year high of 15.1%, 13th month of double-digit rise

NEW DELHI: Wholesale price index (WPI) based inflation jumped to a new high of 15.1% in April on the back of soaring commodity, food and fuel prices, posing a major challenge for authorities already battling surging prices fuelled by the Ukraine war and breakdown in global supply chains due to…

The Times of India

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Reuters

China Eastern crash probe looks into crew actions -sources

Investigators looking into the crash of a China Eastern Airlines jet are examining the actions of the crew on the flight deck, with no evidence found of a technical malfunction, two people briefed on the matter said.

Benzinga

Shareholders Rejected Intel's Top Executive Compensation Just A Month After It Painted Dismal Q2 Outlook

Intel Corp (NASDAQ:INTC) shareholders rejected compensation packages for top executives, including a payout of as much as $178.6 million to CEO Pat Gelsinger. Shareholders cast 1.78 billion votes against executive compensation at the annual meeting. Shareholders cast 921.2 million votes in favor of the compensation. The vote is non-binding. Gelsinger has earned 1,711 times as…

The Hindu

Hangzhou Asian Para Games postponed due to COVID-19 concerns in China

The decision comes less than a fortnight after the Hangzhou Asian Games, which were scheduled to be held from September 10 to 25

ABC News

Leaked list of people sentenced on terrorism-related charges reveals scale of imprisonment in China's Uyghur heartland

A list obtained and partially verified by the Associated Press cites the names of more than 10,000 Uyghurs who have been sent to prison in just Konasheher county alone, one of dozens in southern Xinjiang.

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Benzinga

HUYA Misses Q1 Revenue Amid Live Streaming Crackdown, COVID Resurgence

HUYA Inc (NYSE:HUYA) reported a first-quarter FY22 revenue decline of 5.4% year-on-year to $388.8 million, missing the consensus of $435.6 million. Segments: HUYA's Live streaming revenues declined by 10.1% Y/Y to $339.4 million due to lower average spending per paying user on Huya Live. HUYA's advertising and other revenues rose 47.2% Y/Y to $49.4…

The Times of India

Hangzhou Asian Para Games postponed due to concerns over COVID-19 in China

BEIJING: The Asian Para Games, which were scheduled to take place from October 9 to 15 in Hangzhou, China have been postponed due to concerns over the COVID-19 pandemic, the organisers officially announced on Tuesday.

The Independent UK

Yellen warns Europeans about working with China, urges unity

Even as Western allies grapple with how to counter Russia’s assault on Ukraine, U.S. Treasury Secretary Janet Yellen is warning that they also must take a wary and united approach to checking China and its business practices

The Hindu

U.S. Special Coordinator for Tibet Uzra Zeya to visit India and Nepal

Washington U.S. Special Coordinator for Tibetan issues Uzra Zeya will travel to India and Nepal this

Reuters

Japan and U.S. preparing statement promising to 'deter' China - Nikkei

Japan and the United States have started preparing a statement that promises the two countries will cooperate to "deter" and respond to China, the Nikkei newspaper reported on Tuesday.

Reuters

North Korean planes pick up medical supplies in China - media

North Korea has sent aircraft to China to pick up medical supplies days after it confirmed its first COVID-19 outbreak, media reported on Tuesday.

WEKU

From across the Pacific, Taiwan's president castigates California shooting

The leader of the self-governing East Asian island condemned violence following the deadly attack against a Taiwanese congregation in California.

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