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The Latest Breaking News from China

Pandora Warns of Uncertainty in 2022 after Record Quarter

Jewellery maker Pandora warned on Wednesday that higher inflation and the Ukraine war posed increased uncertainty for its full-year earnings, despite reporting record first-quarter revenue and raising its sales outlook slightly. "We are very pleased with the strong start to the year delivering record revenue for a first quarter," Chief…

Asharq Al-Awsat

Unraveling the Controversies of Chinese Foreign Aid

China’s new aid and security pact with the Solomon Islands is the latest case to raise the question of whether Chinese aid is developmental or a political.

The News Lens

Mercedes Boss Wolff Hopes China Can Host Several Races in Future

The Chinese Grand Prix is absent from the calendar for the third straight year due to the COVID-19 pandemic but Mercedes boss Toto Wolff said Formula One can have a "strong footprint" in the country and hopes it will one day host three races each season. China is relatively lacking…

Asharq Al-Awsat

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World’s longest glass-bottom bridge opens in Vietnam

New bridge beats China’s 526m-long structure in the Huangchuan Three Gorges area of Guangdong, which opened in September 2020

The Independent UK

China analyst leaves state-owned brokerage after bearish commentaries

Hong Hao, a managing director and head of research at Bank of Communications International Holdings Co (BoCom International), has left the brokerage, a spokesperson for the firm told Reuters on Wednesday.

Reuters

Taiwan cracks down on China poaching tech talent

Taipei is ramping up efforts to stem brain drain in semiconductor industry as officials warn of a ‘red supply chain’.

Al Jazeera

Modi, Macron put Ukraine rift aside to take Indo-French ties to next level

Indian Prime Minister Narendra Modi becomes the first world leader to have a face-to-face meeting with his frequently cited “friend” Emmanuel Macron following the French president’s re-election victory. While India, unlike France, still refuses to publicly condemn Russia over the Ukraine war, the two leaders share plenty of common ground.

France 24

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Solomon Islands Prime Minister ups ante with criticism of Australia while praising China during tirade in parliament

The Prime Minister of Solomon Islands launches a tirade in parliament, suggesting Australia and its allies are deliberately trying to undermine his government, criticising the Western response to Russia's invasion and praising China's treatment of Christians.

ABC News

Death penalty in Singapore: demonstrations organized as 'sense of injustice' grows

In Singapore, the fate of two Malaysian men on death row has sparked local mobilisation and attracted international attention. On April 25th, Nagaenthran Dharmalingam was hanged. With an IQ of 69, which is recognized as a disability, his execution could amount to a breach of international law. The next day,…

France 24

End of the age of soft power?

The 21st century was to be driven by the win-win use of soft power — but in the last few years global leaders have rejected it in favour of a ‘might is right’ attitude

The Hindu

Scott Morrison has not spoken to Solomon Islands prime minister since calling election

Australian PM insists he wants positive relationship, while Manasseh Sogavare says use of ‘back yard’ to describe country is offensive

The Guardian - AU

Shrinking Capital Investment Drags Down Caixin New Economy Index

The share of high-value added industries in China’s overall economic inputs dropped to 28.8% in April from 30.6% the previous month, the NEI shows

Caixin Global

Tesla Confirms Plans For New Shanghai Plant That Would Double China Capacity

Tesla Inc (NASDAQ: TSLA) has confirmed plans to build a second manufacturing plant in Shanghai as it looks to double production capacity in China, Reuters

Benzinga

Tesla most ‘future-ready’ carmaker, China’s BYD rising: Report

Japan’s Toyota second, followed by Germany’s Volkswagen and South Korea’s Hyundai.

Al Jazeera

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The Independent UK

Beijing closes 10% of subway stations to stem COVID spread

Beijing is closing some 10% of the stations in its vast subway system as an additional measure against the spread of coronavirus

The Guardian - AU

Beijing reopens mass isolation centre in fight against Covid

Chinese capital ramps up efforts to control Omicron outbreak and avoid lockdowns

Reuters

Beijing steps up COVID curbs as virus spreads in China

Beijing shut scores of metro stations and bus routes and extended COVID-19 curbs on many public venues on Wednesday, focusing efforts to avoid the fate of Shanghai, where millions have been under strict lockdown for more than a month.

ABC News

Outcry in China after Shanghai aged care resident was wrongly declared dead and sent to morgue in body bag

Five people are under investigation after an elderly resident at the care home was mistakenly declared dead, placed in a body bag and loaded into a car bound for the morgue.

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The Guardian - UK

Ukraine war and China lockdowns drive fastest UK price rises in years

Inflation on toys, furniture and clothing rose to 2.2% last month, the highest rate for 15 years

Birmingham Post

North Wales TV company is going global with series busting the myths about rain

Caernarfon-based Cwmni Da led an international consortium to make the three-part series

Tribune News Service

Starbucks results trail estimates on higher costs, China woes

Starbucks Corp.’s U.S. operations beat expectations in the coffee chain’s latest quarter, giving interim Chief Executive Officer Howard Schultz a welcome development even as he contends with high inflation and Chinese Covid measures that hurt performance there.

The Guardian - US

Brittney Griner told me her fear of being alone and forgotten. Don’t let it come true

Given the US state department’s reclassification of the basketball star as ‘wrongfully detained’ – the moment to speak out is now

Benzinga

Starbucks Q2 Earnings Highlights: Hits Record Q2 Revenue Despite China COVID-19 Setback, More Stores Openings Planned

Restaurant and coffee powerhouse Starbucks Corp (NASDAQ: SBUX) reported second-quarter financial results after market close Tuesday. Here are the key highlights for investors.

Bangkok Post

China and Covid: The cost of infallibility

Even the pope claims to be infallible only on matters of faith and doctrine.

Benzinga

Full Truck Alliance Shift Up a Gear on Regulatory Easing Reports

Key Takeways: Full Truck Alliance shares are up 60% from a mid-March low, including a 32% gain since Friday, on reports that Beijing may ease its regulatory oversight of big tech companies Company is currently undergoing a data security review and said its business could contract in the second quarter…

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