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The Latest Breaking News from Shanghai

Brazil's Lula Criticizes US Dollar and IMF during China Visit

The two countries have recently announced a deal to trade in their own currencies, dropping the dollar as an intermediary.

Asharq Al-Awsat

Brazil's Lula takes swipe at IMF and World Bank on China trip

Brazilian President Luiz Inacio Lula da Silva has praised the Shanghai-based New Development Bank (NDB) on his trip to China, saying it "frees emerging countries from submission to traditional financial institutions". The NDB was created by the BRICS group and is headed by his predecessor Dilma Rousseff. Meanwhile in Washington,…

France 24

Brazil's Lula in Shanghai on visit to boost ties with China

Brazilian President Luiz Inácio Lula da Silva is in the Chinese financial hub of Shanghai as he looks to boost ties with his country's biggest trade partner

The Independent UK

From analysis to the latest developments in health,
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London will lose “to New York, Hong Kong and Shanghai for years to come” warn City bosses

Just five floats so far this year raise puny £81m

Evening Standard

2024 Polestar 4 To Debut April 18 As Brand's Fastest Production EV

Making its world premiere in Shanghai, the Polestar 4 combines the aerodynamics of a coupe with the space of an SUV in a package enhanced by modern technology.

InsideEVs

Shanghai Composite Index Fell 0.05% on Tuesday

Shenzhen Component Index finished nearly flat

Caixin Global

Tesla signs deal for 'Megapack' factory in Shanghai

After building an electric vehicle factory in Shanghai in 2019, the US company has signed an agreement to build another plant in the city, this time to make large-scale energy storage units known as "megapacks". With the agreement, Elon Musk's company is doubling down on its China investments, amid increasing…

France 24

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Shanghai Composite Index Fell 0.37% on Monday

Shenzhen Component Index closed down 0.8%

Caixin Global

Tesla to build "Megafactory" in Shanghai for "Megapack" batteries

Tesla plans to initially produce 10,000 Megapack units a year at the factory.

Axios

Tesla to build new Shanghai factory for Megapack battery

Tesla Inc. will build a new battery factory in Shanghai, increasing investment in China at a time of brewing tensions between Beijing and Washington.

Tribune News Service

Tesla to build factory in Shanghai for Megapack batteries

Tesla will build a factory in Shanghai to make the Megapack energy storage product, Chinese state media outlet Xinhua reports.

The New Daily

Reports: Tesla plans Shanghai factory for power storage

Chinese state media say electric car maker Tesla Inc. plans to build a factory in Shanghai to produce power-storage devices for sale worldwide

The Independent UK

Ethereum's Shanghai upgrade looms. What you need to know

Investors finally will have access to more than $30 billion worth of the cryptocurrency.

Fortune

Vatican says China has unilaterally appointed bishop to Shanghai

Chinese authorities have appointed a new bishop to Shanghai, the Vatican said on Tuesday, in an apparent violation of a bilateral pact between the two states.

Reuters

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Bangkok Post

Foreign cash streaming back into China

SHANGHAI: Foreign investors are steadily marching into China in the wake of Alibaba’s plans to restructure, with money managers reckoning it is the latest sign the national leadership is turning friendlier to business as economic growth gains traction.

Financial Times

China truce with business — for now

Worried about decelerating growth, Xi Jinping has launched a charm offensive to convince investors the country is open for business

Radio France Internationale

'Petrodollar' at risk as TotalEnergies sells LNG to China in yuan

Chinese and French energy companies this week finalised the first-ever deal on liquified natural gas (LNG) in China settled in the renminbi yuan currency. The trade, involving 65,000 tons of LNG imported from the United Arab Emirates, marks a major step in Beijing's attempts to undermine the US dollar as…

The News Lens

Ugly Half Shining Through — Kiwi Craft Beer Innovator Making Waves in Taiwan

Max Gilbert says he wants to push the benefits of local beer. “There’s an enormous difference in whether you’re consuming a product that tastes as intended when it leaves the brewery or not. The big thing is to encourage people to get behind local products and get to know the…

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news in one place.

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WEKU

Yang Bing-Yi, patriarch of Taiwan's soup dumpling empire, has died

The cofounder of Taiwan's famed Din Tai Fung restaurant chain died at 96, his company announced March 26. He helped turn delicate soup dumplings into a global phenomenon, even earning Michelin stars.

Financial Times

Binance hid extensive links to China for several years

Company documents show crypto exchange relied on country long after it said it had left in 2017

Reuters

Shanghai's population drops in 2022 after COVID lockdowns

China's commercial capital Shanghai saw its population fall in 2022 in the first decline in five years, official data showed, after authorities imposed draconian COVID-19 lockdowns and more than 250,000 migrant workers departed.

Caixin Global

Shanghai Composite Index Fell 0.19% on Tuesday

Shenzhen Component Index closed down 0.72%

Caixin Global

Former Brazilian Leader Elected President of Multilateral Bank NDB

Dilma Rousseff will helm the Shanghai-headquartered New Development Bank, which was set up to finance projects in emerging markets and developing countries

Wallpaper

Shanghai’s MMR Studio is inspired by industrial processes and materials

Chinese designer Zhang Zhongyu of MMR Studio is inspired by industrial processes to create furniture and objects

Fortune

Los Angeles tops Shanghai as one of the biggest financial centers in the world

Two new U.S. cities break into the world’s largest.

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