‘Considerable strain’: how Australian officials saw the China rift Officials kept in ‘regular contact’ with Chinese embassy even as Morrison government ministers frozen out, FoI documents shows The Guardian - AU · Jun 23, 2022
More U.S. cabinet-level officials to visit the Pacific island region White House Indo-Pacific coordinator Kurt Campbell said on Thursday he expects to see more U.S. cabinet-level officials visiting Pacific island countries as the United States steps up its engagement in the region to counter China. Reuters · Jun 23, 2022
Exporters urged to adopt regional focus Thai exporters are advised to shift their focus to regional markets such as Asean, China, the Middle East and India instead of the world market in the second half this year. Bangkok Post · Jun 23, 2022
How the US could lose the new cold war The United States appears to have entered a new cold war with both China and Russia. And US leaders' portrayal of the confrontation as one between democracy and authoritarianism fails the smell test, especially at a time when the same leaders are actively courting a systematic human-rights abuser like Saudi… Bangkok Post · Jun 23, 2022
Musk Says Berlin and Austin Plants Are "Gigantic Money Furnaces" Tesla CEO says it will take more effort to bring the Austin and Berlin plants to high-volume production than it took to build them in the first place. InsideEVs · Jun 23, 2022
White House: NATO's new strategic concept reflects concerns about China The White House said on Thursday that the NATO alliance's new strategic concept reflects concerns about China, including its economic practices. Reuters · Jun 23, 2022
Friday essay: if growing US-China rivalry leads to 'the worst war ever', what should Australia do? Should Australia join the United States in a war against China to prevent China taking the US’s place as the dominant power in East Asia? Until a few years ago the question would have seemed merely hypothetical, but not anymore. The Conversation · Jun 23, 2022
Retail Investors’ Share of Chinese Stock Markets Falls Below 70% Institutions play an expanding role in trading, and individuals grow more sophisticated, a top market regulator says Caixin Global · Jun 23, 2022
‘Cold War mentality’: China’s Xi denounces ‘abuse of sanctions’ At BRICS meeting, Chinese leader says world must move away from US-led hegemony and towards harmonious future. Al Jazeera · Jun 23, 2022
Plea in Delhi High Court to change call sign VT on Indian aircraft While countries such as China, Pakistan, Nepal, and Sri Lanka changed their call signs after Independence, the prefix VT (‘Victorian Territory’ or ‘Viceroy Territory’) has remained on Indian aircraft even after 93 years, the petitioner said. The Hindu · Jun 23, 2022
At BRICS summit, Putin and Xi take aim at West for sanctions and post-Ukraine economic crisis PM Modi attends the meet, first of its kind since invasion of Ukraine, says BRICS countries share common views on economic governance, calls for post-pandemic cooperation The Hindu · Jun 23, 2022
Pakistan’s economic muddling and the IMF challenge The falling rupee, depleting foreign exchange reserves, energy shortage, increasing fuel prices and a complicated external support highlight the contemporary economic crisis Pakistan is in. Will Islamabad find a way out? The Hindu · Jun 23, 2022
ClouDr Suffers Chronic Losses but Still Set for High-Value Health IPO Key Takeaways: ClouDr’s big investments in marketing and R&D have turned rapidly growing revenues into mounting losses Although far from profitable, the company has been popular with investors, pricing at 14.6 billion yuan after the final round of financing and seeing its valuation rise to 15.4 billion yuan in the… Benzinga · Jun 23, 2022
Energy Monster Expands Its Reach, But Gets Bitten by Covid Key Takeaways: • Leading power bank provider Smart Share Global’s revenue fell 13% in the first quarter as it suffered from pandemic lockdowns • Company hopes to improve performance with more efficient new power bank cabinet set to launch by the end of this year Benzinga · Jun 23, 2022
Benzinga · Jun 23, 2022 Methode Electronics Clocks 4% Revenue Decline In Q4 Due To Lower Sales Volumes In Auto Segment Methode Electronics, Inc (NYSE:MEI) reported a fourth-quarter FY22 net sales decline of 4.1% year-on-year to $288.7 million, missing the consensus of $289.5 million. The decrease was due to lower sales volumes in the Automotive segment due to supply chain constraints and the conflict in Ukraine. EPS of $0.43 missed the consensus of $0.56.…
Benzinga · Jun 23, 2022 US LNG Exports To China Plummet By 95%: What You Need To Know U.S. exports of liquefied natural gas (LNG) to China between February and April is down by 95% from the same period one year earlier, according to a Wall Street Journal analysis of Chinese government data.
The Hindu · Jun 23, 2022 Vizag’s artistic skater Sahiti on a roll With 76 medals, 19 of them at the national level, already in her kitty, she now looks forward to taking part in Asian championship to be held in China
Benzinga · Jun 23, 2022 Here's Why Alibaba Stock Looks Set To Soar Alibaba Group Holdings, Inc (NYSE: BABA) stock is rallying in Thursday's trading session after closing slightly lower on Wednesday.
Reuters · Jun 23, 2022 China's Xi criticises sanctions 'abuse', Putin scolds the West Chinese President Xi Jinping on Thursday criticised "the abuse" of international sanctions, while Russian President Vladimir Putin scolded the West for fomenting global crisis, with both leaders calling for greater BRICS cooperation.
Benzinga · Jun 23, 2022 F-star Therapeutics Shares Are Rallying Today - Read Why invoX Pharma, a wholly-owned subsidiary of Sino Biopharmaceutical Limited, has agreed to acquire F-star Therapeutics Inc (NASDAQ:FSTX) for $7.12 per share. The proposed acquisition values F-star at approximately $161 million. Just a year ago, F-star priced its IPO at $7. F-star's next-generation tetravalent (2+2) bispecific antibody platform complements Sino Biopharma's existing capabilities and reinforces its global…
Benzinga · Jun 23, 2022 Vladimir Putin Says Trade With China, India, Brazil And South Africa Has Jumped 38% Amid Western Sanctions Russia on Wednesday said its trade with China, India, Brazil, and South Africa jumped over 38% in the first three months of the year, despite the "politically motivated sanctions" from the West.
Birmingham Post · Jun 23, 2022 Retailer that sells imports from China and India on Amazon and eBay handed £1.6m price tag Blacks Business Brokers said the Deals Incorporated turnover about £800,000 in 2021
Evening Standard · Jun 23, 2022 Elon Musk says his German and US factories are losing “billions of dollars” The impact of supply chain problems in China on Tesla’s new battery factories in the US and Germany mean they are losing billions of dollars, according to the company’s multi-billionaire founder.
Benzinga · Jun 23, 2022 Tesla Supplier CATL Becomes First Non-Korean Firm To Ship EV Batteries To Kia Tesla Inc (NASDAQ: TSLA) China supplier CATL has shipped electric vehicle batteries to South Korea’s Kia Corp, a subsidiary of Hyundai Motor Company, Reuters
Benzinga · Jun 23, 2022 Uber Had Weighed Strategic Options For Indian Business At One Point Uber Technologies, Inc (NYSE:UBER) had weighed strategic options for its Indian ride-hailing business, including a sale, but suspended discussions following the meltdown in tech startup valuations, the Bloomberg reports. Uber began weighing alternatives, including a stock swap with local companies or a pullout, before a global equity market selloff spoilt the plans.…