Page 103 - China

Mercedes pledges cost cuts after earnings halve; blames weak China demand

The stock has lost around 8% year to date, underperforming Germany's benchmark DAX index but still faring better than Volkswagen, BMW, and Porsche AG

Vietnam to work with Brics as PM Chinh meets with China, Russia leaders

Chinh fell short of stating Vietnam's explicit interest in joining the club, a move that could bring the Communist-run southeast Asian nation closer to China and Russia

China shuts supply to rebels, backs Myanmar's falling junta in civil war

A year on, rebel forces have ground down the junta, pushing the military out of vital borderlands and making inroads into the contested heart of Myanmar

China plays nice with US partners ahead of possible Donald Trump return

From proclaiming a desired "fresh start" with Japan to a detente with India, Chinese officials have sought to dial down diplomatic friction days ahead of the US presidential election.

Apple CEO Cook says company to increase investment in China: State media

Apple chief Tim Cook met with Chinese Minister Jin Zhuang Long on Wednesday during his second visit to China this year, amid rising competition for Apple in the Chinese market

China claims unawareness of North Korean troops presence in Russia

White House spokesperson John Kirby said the United States believes at least 3,000 North Korean troops are undergoing training at three military bases in eastern Russia

Hermes reports 11.3% growth in Q3 sales, outshining luxury rivals

"We see Hermes as the best current opportunity to protect the portfolio from a difficult (second half of 2024)" suffering from a global cyclical slowdown exacerbated by structural issues in China,"

Indonesia says its coast guard drove away Chinese ship in disputed waters

Indonesian patrol ships drove a Chinese coast guard vessel away from a survey vessel in a disputed area of the South China Sea for the second time in four days, Indonesian authorities said Thursday. Indonesia's Maritime Security Agency said the Chinese ship twice approached the MV Geo Coral, interrupting a seismic data survey being conducted by the state energy company PT Pertamina in a part of the South China Sea claimed by both countries. China's nine-dash line, which it uses to roughly demarcate its claim to most of the South China Sea, overlaps with a section of Indonesia's exclusive economic zone that extends from the Natuna Islands. A 2016 international arbitration ruling involving the Philippines invalidated most of China's sweeping claims in the sea, but China has ignored the ruling and called it a sham. Chinese ships have regularly entered the area Indonesia calls the North Natuna Sea, fueling tensions between the countries. Indonesian authorities said the Chinese coast gu

Taiwan detects 12 Chinese aircraft, five naval vessels around territory

A day before, MND said that China launched satellites from the Xichang Satellite Launch Center

Germany courting India as ties with China sour: All you need to know

Chancellor Olaf Scholz embarks on a three-day visit to India today accompanied by a large delegation of ministers and executives

India, China need to boost cooperation, manage differences: Chinese envoy

He emphasised that two nations should set an example in boosting the strength and unity of developing nations

Efforts by Russia, Iran, China to sway US voters may escalate: Microsoft

Foreign adversaries have shown continued determination to influence the US election - and there are signs their activity will intensify as Election Day nears, Microsoft said in a report on Wednesday. Russian operatives are doubling down on fake videos to smear Vice President Kamala Harris' campaign, while Chinese-linked social media campaigns are maligning down-ballot candidates who are critical of China, the company's threat intelligence arm said on Wednesday. Meanwhile, Iranian actors who allegedly sent emails aimed at intimidating US voters in 2020 have been surveying election-related websites and major media outlets, raising concerns they could be preparing for another scheme this year, the tech giant said. The report serves as a warning building on others from US intelligence officials that as the nation enters this critical final stretch and begins counting ballots, the worst influence efforts may be yet to come. US officials say they remain confident that election ...

South Africa plans to ease visa rules for from India, China tourists

Travelers from many Western nations including the US and UK don't need visas for short visits to South Africa. Tourists from India and China require authorization before they travel

Improvement in India, China ties may not alter trade relations: GTRI

The improvement in diplomatic relations between India and China is unlikely to dramatically alter the economic and trade ties between the countries in the near future, think tank GTRI said on Wednesday. It said that India's low exports and high reliance on Chinese imports, especially in industrial sectors, are due to structural issues and it will require long-term policy efforts to address the trade imbalance. India and China have firmed up an agreement on patrolling by their military along the Line of Actual Control (LAC) in eastern Ladakh, in a major breakthrough to end the over four-year standoff. Prime Minister Narendra Modi and Chinese President Xi Jinping held bilateral talks on Wednesday on the margins of the BRICS summit in Russia, in their first structured meeting since the eastern Ladakh border row erupted in 2020. "The recent meeting between Modi and Xi may signal a diplomatic breakthrough, but it is unlikely to dramatically alter the economic and trade dynamics between

Chancellor Scholz turns to India as Germany looks to diversify beyond China

India and Germany's bilateral trade was valued at $26 billion for the financial year that ended on March 31, 2024

Dulux maker AkzoNobel misses Q3 forecasts as demand weakens in China

Its third-quarter revenue fell 3 per cent from a year earlier to 2.67 billion euros ($2.88 billion), below the 2.76 billion euros expected by analysts in a company-provided consensus

China's stimulus measures not enough, says Yellen and IMF chief economist

Gourinchas told a news conference on the IMF's latest forecasts that China's fiscal stimulus measures so far lacked detail and therefore were not included in the IMF's China growth outlook

Taiwan accuses China of launching satellites over its Air Defence zone

Earlier on October 20, Taiwan's military had also reported the transit of the United States and Canadian naval vessels, which sailed through the Taiwan Strait from south to north

DGTR suggests anti-dumping duty on Chinese drawer sliders to protect MSMEs

The commerce ministry's investigation arm DGTR has recommended an anti-dumping duty of USD 422 per tonne on Chinese drawer sliders with a view to guard MSME units. In its findings, the Directorate General of Trade Remedies (DGTR) has concluded that 'Telescopic Channel Drawer Slider' has been exported to India at a price below the normal value, resulting in dumping. The imports are also undercutting the prices of the domestic industry, the DGTR has said in a notification. "The authority recommends imposition of anti-dumping duty on the imports," it said. The directorate had "suo-motu" initiated the probe against the alleged dumping of this product to guard micro, small & medium enterprise (MSME) units against cheap imports from the neighbouring country. Usually, anti-dumping investigations are initiated based on an application filed by domestic producers, but since the fragmented industries did not have the know-how of the procedures involved in the trade remedy probe, the ...

PM Modi, Chinese Prez to have bilateral meet on sidelines of Brics summit

The meeting will take place two days after India and China reached agreement on patrolling arrangements in eastern Ladakh