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The Latest Breaking News from China

China mulls jail and fine for wearing clothes that hurt govt’s sensibilities

BEIJING: China’s public is expressing concern about a potential legal change that would allow for fines and even jail time for people who offend the government’s sensibilities by wearing the wrong clothing.

The Times of India

India’s manufacturers cash in as brands seek refuge from US-China tensions

Indian firms are capitalising on a push by leading brands to diversify their suppliers away from China.

Al Jazeera

Tens of thousands evacuated in China amid rain from waning Typhoon Haikui

The rain has broken 12-year-old records in Fuzhou with warnings that 49 reservoirs have exceeded flood limits.

Al Jazeera

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Floods from Tropical Storm Haikui kill 2 and displace thousands in China's Fujian province

Authorities say at least two people have been killed and thousands evacuated due to floods in China’s southeastern coastal Fujian province brought by Tropical Storm Haikui

The Independent UK

Shanghai Composite Index Rose 0.12% on Wednesday

Shenzhen Component Index closed down 0.24%

Caixin Global

Can a divided G20 summit in India still set the global agenda?

It represents 85 percent of global GDP. But deep fissures and absent leaders raise questions about its future.

Al Jazeera

Amul to be official sponsor of Indian Contingent for XIX Asian Games 2022

Amul will be the Official Sponsor of the Indian Contingent for the 2022 Asian Games in Hangzhou, China.

The Hindu

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China authorities arrest 2 for smashing shortcut through Great Wall with excavator

China’s Great Wall has been pierced by Genghis Khan, the Manchus, and now, allegedly, a couple of construction workers named Zheng and Wang who wanted a shortcut

The Independent UK

Two people arrested in China for smashing a hole in the Great Wall

Suspects widened a gap in the Great Wall to shorten travel time to a worksite in Shanxi province, state media says.

Al Jazeera

Morning Digest | ‘India’ and ‘Bharat’ can be used in invitation, say legal experts; Indo-Pacific, China map on agenda as PM Modi leaves for Jakarta, and more

The Hindu’s Morning Digest brings readers a select list of stories to start the day

The Hindu

China dodges western 5G chip embargo with new Huawei Mate 60 phone

Mate 60 Pro mobile phone is said to use chip made in China that was thought impossible without access to restricted western technology

The Guardian - AU

In newly gleaming Delhi, Modi hopes G20 will cement India as a major global player

Despite absence of Putin and Xi and fears countries could fail to agree a joint communique, summit affords president valuable geopolitical clout

The Guardian - AU

4 ways to rein in China and Russia, alleged superpower perpetrators of atrocity crimes

At the latest meeting in South Africa of BRICS — a grouping of the world economies of Brazil, Russia, India, China and South Africa — Russian President Vladimir Putin was a no-show.

The Conversation

Broad Market Sags on Global Economic Concerns and Higher Bond Yields

What you need to know… The S&P 500 Index ($SPX ) (SPY ) Tuesday closed down -0.42%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -0.56%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.11%. Stocks on Tuesday settled mixed. The broader market was...

Barchart

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Newsroom.co.nz

NZ wins hard-fought victory over Canada in dairy trade dispute

The time and cost of forcing 'the world's friendliest nation' to comply with the rules of new trade deal bode ill for when more intransigent countries like the UK or China dig in their heels, argues Jonathan Milne.

Barchart

Dollar Climbs on Weak Stocks and Higher Bond Yields

The dollar index (DXY00 ) Tuesday rose +0.54% and posted a 5-1/2 month high. Weakness in stocks Tuesday boosted liquidity demand for the dollar. Also, higher T-note yields Tuesday strengthened the dollar’s interest rate differentials. In addition, weaker-than-expected economic news Tuesday from China and the Eurozone have boosted the relative...

Barchart

Crude Rallies as Saudi Arabia and Russia Extend Crude Production Cuts

October WTI crude oil (CLV23 ) Tuesday closed up +1.14 (+1.33%), and Oct RBOB gasoline (RBV23 ) closed down -1.06 (-0.41%). Crude oil and gasoline prices Tuesday settled mixed, with crude climbing to a 9-1/2 month high. The main bullish factor Tuesday was the announcement by Saudi Arabia and Russia...

The Hindu

The implications of the expansion of BRICS

With its proposed expansion, BRICS could mark a turning point in modern history

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The Hindu

Kalaburagi doctor completes 8,000-km expedition in 28 days

Dr. Tanga, 57, proves age is no barrier as he completes 8,000km road trip across 3 countries in 28 days. Organised by Wander Beyond Boundaries, 10-member team included 4 from the group, 3 from Bengaluru, 1 each from U.S., Hyderabad & Hubballi. Started in Mumbai, journeyed through Gorakhpur & Nepal,…

The Hindu

Indo-Pacific, China map and trade on agenda as PM leaves for Jakarta

PM Modi to attend ASEAN-India Summit, East Asia Summit in Jakarta on September 6-7; issues like Indo-Pacific, trade, Myanmar, China's map likely to be discussed. PM not to hold any bilateral meeting due to shortage of time. PM to return same day ahead of G-20 arrivals. PM's visit seen as…

Al Jazeera

Why would North Korea’s Kim and Russia’s Putin want to meet?

Moscow seeking to quash Kyiv counteroffensive while Pyongyang is extending pace of missile testing.

Barchart

Crude Prices Jump as Saudi Arabia and Russia Prolong Crude Production Cuts

October WTI crude oil (CLV23 ) this morning is up +2.18 (+2.55%), and Oct RBOB gasoline (RBV23 ) is up +5.96 (+2.33%). Crude oil prices this morning are rallying, with crude climbing to a 9-1/2 month high and gasoline posting a 1-week high. The main bullish factor today was the...

Barchart

Stocks Mixed as Weak China and European Economic News Sparks Risk-Off Sentiment

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is down -0.20%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.17%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.08%. Stock indexes this morning are mixed. The broader market...

WEKU

Chinese construction workers accused of plowing a hole through the Great Wall

The pair, who were working on a local construction project, drove an excavator through a portion of the wall. They have been charged with destroying a cultural relic, China Daily reported.

The Guardian - UK

Global economic fears deepen as service sector dips in China and Europe

Fresh signs of weakness in Chinese economy and weak UK and eurozone data spook investors

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