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The Latest Breaking News from China

China's Xi: Control of Hong Kong surge is 'overriding task'

A Hong Kong news outlet says China's leader Xi Jinping has taken a personal interest in the city's coronavirus outbreak, saying it was the Hong Kong government's “overriding task” to control the situation

The Independent UK

Xi tells Hong Kong's leaders to control COVID as infections spiral

(Adds government statement on food supply)

Reuters

Jessie Diggins heads to her gold medal event with fresh changes, challenges

ZHANGJIAKOU, China — Jessie Diggins has been making the case that the U.S. really isn't defending the Olympic gold medal in cross-country skiing she won four years ago. The team sprint at the 2018 Pyeongchang Games was a freestyle, while Wednesday's team sprint at the Beijing Games is in the…

Tribune News Service

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China seeking to 'exploit social division'

China is seeking to exploit social division, a Senate committee has been told, amid a tit-for-tat between the coalition and Labor over national security.

AAP

Parliament debates character test bill – as it happened

This blog is now closed

The Guardian - AU

ASX rises, Fortescue Metals and CSL report weaker profits from COVID-19 restrictions

The Australian share market rises in afternoon trade, soaring oil and gas prices boost Santos' profit, while Fortescue Metals, CSL and Treasury Wine Estates reveal the impact of COVID-19 on their earnings.

ABC News

Tesla Model Y Officially Arrives In UK: Delivery Events Abound

The right-hand-drive Model Y is produced at Tesla's Gigafactory in China, though the first batches were reserved for Hong Kong and other markets in Asia.

InsideEVs

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Why Are IPG Photonics Shares Plunging Today

IPG Photonics Corp (NASDAQ:IPGP) reported fourth-quarter FY21 revenue growth of 8% year-on-year to $364.5 million, beating the consensus of $353.4 million. Materials processing sales accounted for 87% of total revenue and increased 5% Y/Y with higher sales in welding, marking 3D printing, and cleaning applications. Sales into Other applications increased 41% Y/Y, driven…

Benzinga

Tesla Facing Increasing Competition From These 2 Carmakers: Report

Tesla, Inc. (NASDAQ: TSLA) is still the leader of the EV industry, but its dominant market positioning is at risk, according to a new report from Canalys.

Benzinga

3 Life Insurance Stocks to Buy as Treasury Yields Hit 2-Year Highs

U.S. Treasury bond yields are rising faster than anticipated this year, with the 10-year Treasury yield now at two-year highs. The rising Treasury yields bode well for life insurance companies, allowing them to generate better returns. Thus, we think life insurance stocks China Life Insurance (LFC), MetLife (MET), and National…

StockNews.com

Starbucks Faces Chinese Boycott Calls After Store Was Rude To Police Officers

Starbucks (NASDAQ: SBUX) has found itself with a public relations problem in China after an incident of impolite behavior to police officers at a store turned into a viral social media fury.

Benzinga

China Gives OK For Theatrical Release Of 'The Batman'

The Chinese government has granted approval for the domestic release of “The Batman,” the latest installment in the on-screen adventures of Gotham City’s Caped Crusader.

Benzinga

Philippines' Marcos wants military presence to defend its waters in South China Sea

Philippine presidential candidate Ferdinand Marcos Jr. said he wants his country to have a military presence in the South China Sea, "not to fire upon" vessels but to defend its waters in a long-running dispute with China.

Reuters

What you need to know about the controversy involving Russian skater Kamila Valieva

ZHANGJIAKOU, China — A delayed medal ceremony was only the beginning.

Los Angeles Times

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Benzinga

BorgWarner Clocks 7% Sales Decline In Q4; Issues FY22 Outlook

BorgWarner Inc (NYSE:BWA) reported a fourth-quarter FY21 sales decline of 6.9% year-on-year, to $3.65 billion, beating the analyst consensus of $3.47 billion. Net sales from the Air Management segment declined 9.2% Y/Y, and the e-Propulsion & Drivetrain segment lost 6.6%. Gross profit fell 19% to $625 million, and gross margin contracted 260 basis…

Daily Mirror

KFC customer furious after claiming she found deep-fried toilet paper in her meal

The disgusted woman made an official complaint to the State Administration for Industry and Commerce who confirmed toilet paper was found inside her box meal in Anji, northeast China.

Asharq Al-Awsat

Louis Vuitton Set to Raise Price Tags This Week as Costs Climb

Louis Vuitton, LVMH's top fashion brand, will raise prices globally on Wednesday as a result of increased manufacturing and transportation costs, a spokesperson for the French luxury goods company in China told Reuters. Louis Vuitton, the world's biggest luxury brand, will become one of the first big labels in the…

The Conversation

COVID: China is developing its own mRNA vaccine – and it's showing early promise

China, the country that first detected the novel coronavirus, remains one of the few not to have imported one of the exceptionally effective mRNA COVID vaccines developed by Pfizer and Moderna. Instead, it has so far relied on vaccines developed by two Chinese companies, Sinovac and Sinopharm. However, this may…

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ABC News

Pacific public broadcasters concerned about Chinese government pressure, says ABC managing director

The ABC managing director says public broadcasters in the Pacific have raised concerns about Chinese government pressure to carry state-owned news content.

The Guardian - UK

Beijing 2022 Winter Olympics daily briefing: Goggia grit and biathlon blues

Italy’s Sofia Goggia fought back from recent injury to win downhill silver as Switzerland savoured two skiing golds

Caixin Global

Yuzuru Hanyu finished fourth at this year’s Games, but the previous two-time Olympic champion was No. 1 in the hearts of many Chinese fans

Roll Call

U.S. scientific research agencies tighten foreign affiliation rules - Roll Call

Countries like China, Russia and Iran operate talent recruitment programs to potentially steal U.S. technology, alarming U.S. officials.

Reuters

Trump's targeting of Chinese academics likely will not last after DOJ review

(Refiles to reflect the official name of the advocacy group)

The Independent UK

Eileen Gu is the Winter Olympic star navigating two cultures and being judged by both of them

Gu has won gold and silver in Beijing but divides opinion both at home and abroad

Benzinga

DiDi To Slash 20% Workforce Ahead Of Hong Kong Listing: Report

China's Uber Technologies Inc (NYSE:UBER) counterpart DiDi Global Inc (NYSE:DIDI) looks to reduce its overall headcount by 20% as it pushes ahead with its Hong Kong listing, Bloomberg reports. Most of DiDi's core businesses will be affected by the cuts. DiDi aims to reduce expenses ahead of the Hong Kong listing. The report adds that…

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