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The Latest Breaking News from China

Chinese police detain wealth management staff at the heavily indebted developer Evergrande

Police in a southern Chinese city say they have detained some staff at China Evergrande Group’s wealth management unit in the latest trouble for the heavily indebted developer

The Independent UK

Global inflation fears as oil price rises towards $100 a barrel

Rise of 30% since June follows increasing demand in China and production cuts by Russia and Saudi Arabia

The Guardian - UK

Cleverly has no regrets about visit to China despite alleged spy arrest

Public confirmation of the parliamentary researcher’s arrest came weeks after the Foreign Secretary’s visit.

The Independent UK

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Foreign Secretary refuses to confirm if he raised ‘Chinese spy’ arrest with officials in Beijing

The researcher who was arrested in March has denied claims that he is an alleged Chinese spy

Evening Standard

Anti-Congress posters put up in Hyderabad amid CWC meeting

Amid the Congress Working Committee meeting which is underway in Hyderabad, several posters and hoardings criticizing the party have been displayed across Hyderabad. Read further on Dynamite News:

Dynamite News

For Elon Musk, the personal is political – but his march to the right affects us all

Walter Isaacson’s biography of the Tesla, SpaceX and X owner shows insecurity and anger have driven him to extremes

The Guardian - US

Questions swirl around Xi’s motives after a second top minister disappears in China

Chinese Defence Minister Li Shangfu has not been seen in public for more than two weeks. The disappearance of this top official close to President Xi Jinping comes two months after that of now-former foreign affairs minister Qin Gang, and follows the dismissal of a pair of influential military generals.…

France 24

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Sandeep Lamichhane included in Nepal's Asian Games squad, Rohit Paudel to lead squad

Spinner Sandeep Lamichhane who is currently out on bail for an alleged rape case has been included in Nepal's Asian Games in Hangzhou, China with Rohit Paudel set to lead the squad. Read further on Dynamite News:

Dynamite News

Global South leaders demand end of ‘plundering international order’

G77+China summit comes at a time of growing international frustration with the Western-led world order.

Al Jazeera

China sees ‘Cold War mentality’ in US-Vietnam pact, Vietnamese disagree

Pulled in opposite directions by Washington and Beijing, everyday Vietnamese people say staying neutral is best.

Al Jazeera

Stocks Slump as Tech Stock Weakness Weighs on the Overall Market

What you need to know… The S&P 500 Index ($SPX ) (SPY ) Friday closed down -1.22%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -0.83% and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -1.75%. Stocks on Friday closed moderately lower, with the S&P...

Barchart

UN calls for more fairness for developing nations at a G77 summit in Cuba

The U.N. secretary-general is calling for nations to build a world that is more fair for developing countries, as he kicks off a summit in Cuba of the G77 group of emerging economies plus China

The Independent UK

Crude Prices Finish Higher on Dollar Weakness and Chinese Energy Demand Optimism

October WTI crude oil (CLV23 ) on Friday closed up +0.61 (+0.68%), and Oct RBOB gasoline (RBV23 ) closed down -3.46 (-1.26%). Crude oil and gasoline prices on Friday settled mixed, with crude climbing to a 10-1/4 month high. Dollar weakness Friday was supportive of energy prices. Also, stronger-than-expected economic...

Barchart

Rishi Sunak considers banning Chinese officials from half of AI summit

Exclusive: Bletchley Park event, to be attended by world leaders, is taking place as concerns grow about Beijing spying on the west

The Guardian - UK

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Motor1

BYD Han EV From China Struggles With Moose Test

The accelerator response causes issues in the slalom test.

Barchart

Crude Prices Gain on Dollar Weakness and Strong Chinese Economic News

October WTI crude oil (CLV23 ) this morning is up +0.36 (+0.40%), and Oct RBOB gasoline (RBV23 ) is down -2.81 (-1.02%). Crude oil and gasoline prices this morning are mixed, with crude climbing to a 10-month high. Dollar weakness today is supportive of energy prices. Also, stronger-than-expected economic reports...

The Times of India

BFI issues show cause notice to Panghal, Sagar and Rohit for 'poor discipline'

NEW DELHI: The Boxing Federation of India (BFI) has issued show cause notice to world championships silver medallist Amit Panghal and two others for leaving the national camp without approval, a day before they were to fly out for the Asian Games pre training camp in China.

Barchart

Stocks Tumble on Higher Bond Yields and Tech Stock Weakness

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is down -0.93%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.55%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -1.50%. Stock indexes this morning are moderately lower, with the...

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The Conversation

Russian and North Korea artillery deal paves the way for dangerous cyberwar alliance

Russia is currently firing some 14 million shells a year in Ukraine. They are only manufacturing 2 million. The Ukrainians, on the other hand, are firing around 2.5 million shells a year, but are also struggling to source them.

Caixin Global

China Classifies Monkeypox as Class B Infectious Disease

Change allows local authorities to take measures such as lockdowns under certain conditions during outbreaks of the virus

Barchart

Markets Today: Stocks Slip on Higher Bond Yields and Chip Stock Weakness

Morning Markets September E-Mini S&P 500 futures (ESU2 3) this morning are down -0.08%, and Sep Nasdaq 100 E-Mini futures (NQU2 3) are down -0.25%. Stock index futures this morning are mixed. Stock index futures gave up overnight gains and turned lower as bond yields rose after a measure of...

Caixin Global

Reporters’ Notebook: A China-Backed All-Electric Race Series Could Steer the Global South’s Clean Energy Transition

The launch of the Elite World Cup is part of a broader plan by its founders to ignite the EV sector in South Africa and other developing nations

Fortune

Taiwan hits out at Elon Musk over his China comments: ‘Listen up, Taiwan is certainly not for sale’

Musk labeled self-ruled Taiwan “an integral part of China.”

Motor1

2024 Nissan Pathfinder Breaks Cover In China With Bold Design, Turbo Four-Pot

It likely shares the same platform with the US model.

The Hindu

What purpose does the India-Middle East-Europe Economic Corridor (IMEC) serve? | Explained

We explore the purpose, geopolitical relevance and finer details of the India-Middle East-Europe Economic Corridor (IMEC), about which a memorandum of understanding was signed during the recently concluded G-20 summit in India.

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