Page 215 - China

China-based hackers breached Western Europe govt email accounts: Microsoft

A China-based hacking group has breached email accounts linked to government agencies in Western Europe, Microsoft Corp. says. In a blog post published Tuesday, Microsoft said the group, which it identified as Storm-0558, focuses on acts such as espionage and data theft. The group gained access to email accounts affecting about 25 organisations including government agencies and to accounts of individuals linked to these organisations, and had gone undetected for about a month until customers complained to Microsoft about abnormal mail activity. We assess this adversary is focused on espionage, such as gaining access to email systems for intelligence collection, Charlie Bell, Microsoft's executive vice president of security, said in a separate Microsoft post. The hackers carried out the breach by forging authentication tokens a piece of information used to verify the identity of a user required to access the email accounts. Microsoft has since dealt with the attack and informed ..

China sends large group of warplanes towards Taiwan in forceful display

China sent navy ships and a large group of warplanes, including fighter jets and bombers, toward Taiwan over two days, the island's defense ministry said on Wednesday, before its annual military exercises aimed at defending itself against a possible invasion. The Chinese People's Liberation Army sent 38 warplanes and 9 navy vessels around Taiwan, between 6 a.m. Tuesday to 6 a.m. Wednesday. From Wednesday morning until noon time, the military flew another 30 planes, among which included J-10 and J-16 fighters. Of these, 32 crossed the midline of the Taiwan Strait, an unofficial boundary that had been considered a buffer between the island and mainland. Later on Wednesday, another 23 planes crossed the midline. Taiwan is scheduled to hold the annual Han Guang exercise later this month, in which its military will hold combat readiness drills against preventing an invasion. It will also conduct the annual Wan'an exercises aimed at preparing civilians for natural disasters and practicing

Bulgari faces backlash from China for not showing Taiwan as part of country

Bulgari said in a Chinese-language statement posted to its Weibo account Tuesday evening that it respected 'China's sovereignty and territorial integrity, as always, and firmly'

India, US should work together to challenge China's aggression: Congressman

'I have a lot of respect for India and tremendous accomplishment India has done India and United States need to work strongly together to challenge the aggression from China,' Thanedar said

China's auto sales rise 8.8% in first half of 2023, but growth is fading

China's auto sales rose 8.8 per cent over a year earlier in the first half of 2023 as electric vehicle purchases surged, but growth is fading as an economic rebound following the end of anti-virus controls cools, an industry group reported Tuesday. Sales of SUVs, sedans and minivans rose to 11.3 million, decelerating from 2022's 9.5 per cent growth, according to the China Association of Automobile Manufacturers. Total vehicle sales including trucks and buses rose 9.8 per cent to 13.2 million. CAAC earlier forecast this year's annual sales growth might fall to as low as 3 per cent. Global automakers look to China to propel sales growth as US and European demand flattens and are pouring billions of dollars into developing electrics to meet government sales quotas. They face growing competition from Chinese brands that are developing rapidly, taking market share and starting to compete with global majors in their home markets by exporting to Europe and Japan. China's economic growth

China signs pact with Solomon Islands to enhance security cooperation

The Solomon Islands has signed an agreement to boost cooperation with China on law enforcement and security matters, in a move likely to raise concerns among the South Pacific island's traditional partners including Australia, New Zealand and the United States. The agreement, details of which were not immediately released, was contained in a joint statement made public Tuesday following a meeting Monday in Beijing between Chinese Premier Li Qiang and Solomons Prime Minister Manasseh Sogavare. As part of efforts to build a comprehensive strategic partnership" the sides agreed to: Enhance cooperation on law enforcement and security matters. The Chinese side will continue to provide support and help to Solomon Islands as needed in strengthening Solomon Islands' police law enforcement capacity. Located 2,000 kilometers (1,200 miles) northeast of Australia, Solomon Islands has been China's biggest success in a campaign to expand its presence in the South Pacific. Sogavare's government ..

Chinese embrace summer holiday flying, passenger traffic reaches 9 mn

Free from grueling Covid restrictions at last, Chinese travelers are seizing the moment. July 1-5 passenger traffic at airports was 14% higher than in the same period in 2019

Women economists called traitors for meeting Treasury Secretary Yellen

China on Monday called on the US to take "practical action" in response to its "major concerns" about sanctions on Chinese firms, after Yellen wrapped up meetings with senior officials in Beijing

Citigroup downgrades US stocks amid recession risks, upgrades Europe

Strategists at the brokerage downgraded UK stocks on a lack of exposure to growth stocks and a stronger pound

Nepal needs to further strengthen relations with India, China: FM Saud

Nepal's Foreign Minister N P Saud on Monday underlined the need for further strengthening the Himalayan nation's ties with India and China as he asserted that the relations with one neighbour should not be compared with another. "Both our neighbours are rising economic powers and their influence is increasing... Nepal enjoys a traditional friendship with both the neighbours," which needs to be further nurtured, Foreign Minister Saud said while speaking at the International Relations Committee of the House of Representatives. He said the relationship with one neighbour should not be compared with another neighbour, according to his office. "So far as Nepal's relations with the neighbouring countries are concerned, we should not feel psychological pressure and we need to put our concern in a transparent manner," he added. Nepal's relations with India are historical and special, he said, noting that "owing to our open border, two-third trade links and transit facilities, our relations

Oil falls by 1% on China, US economic data, but OPEC+ cuts limit fall

Brent crude futures fell 73 cents, or 0.9%, to $77.74 a barrel by 1005 GMT, and U.S. West Texas Intermediate crude was also off 72 cents, or 1%, at $73.14 a barrel

India overtakes China as most attractive emerging market for investing

India has overtaken China as the most attractive emerging market for investing, according to 85 sovereign wealth funds and 57 central banks representing USD 21 trillion in assets. India is increasingly viewed positively for its improved business and political stability, favourable demographics, regulatory initiatives, and a friendly environment for sovereign investors, according to a report by global investment management firm Invesco. The report titled 'Invesco Global Sovereign Asset Management Study' included views from 142 chief investment officers, heads of asset classes along with senior portfolio strategists from 85 sovereign wealth funds and 57 central banks. Amid persistent high inflation and real interest rates, investors are recalibrating portfolios. Sovereign wealth funds, it said, favour fixed income and private debt, while Emerging Markets (EMs) with solid demographics, political stability, and proactive regulation, particularly India, have emerged as prime investment

China's car sales shrink 2.9% in June as big-ticket spending falters

Car sales in June totalled 1.91 million units, down 2.9% from last year, CPCA data showed. It was the first monthly contraction since January

Man kills 6 at kindergarten in southeastern China before getting arrested

A man with a knife killed six people and wounded one more Monday at a kindergarten in southeastern China, police and a news report said Monday. A 25-year-old man was arrested following the 7:40 a.m. attack in Lianjiang, a city in Guangdong province, a police statement said. Employees who answered at the Lianjiang police headquarters declined to give more details. A news outlet, Dafeng News, cited an unidentified witness as saying the attacker's child had been struck earlier by the car of one of the people who was killed at the school. It said one of the people killed was a teacher at the kindergarten. Dafeng News on its website cited video posted online that it said showed a man carrying a knife walking past the kindergarten playground. It said other video showed at least four people in a pool of blood outside the school. News reports on other websites were deleted and replaced with the brief police statement.

Millions of Chinese curb Southeast Asian growth as they decide to stay home

The visitor statistics suggest that Southeast Asia's economic recovery this year will be muted, amid a dimming global growth outlook from tighter monetary policies

China slides to brink of deflation, adds urgency for economic stimulus

The consumer price index was unchanged last month from a year earlier - the weakest rate since prices fell in February 2021, according to data released by the National Bureau of Statistics on Monday

Janet Yellen's China trip offers economic guardrails in tense rivalry

In 10 hours of meetings Friday and Saturday, Yellen said she sought to convince China's newly installed economic team that the US isn't bent on seeking economic advantage against the country

Crude oil eases ahead of China, US data, but OPEC+ cuts limits slide

Brent crude futures fell 22 cents, or 0.3%, to $78.25 a barrel by 0107 GMT, and U.S. West Texas Intermediate crude was at $73.57 a barrel, down 29 cents, or 0.4%

Yellen's China visit ends sans announcement of agreements to mend ties

She indulged in ten hours of meetings over two days and left for Washington on Sunday. However, it is unlikely that the economic tension between the two countries will actually ease, the report noted

Another China challenge

Export controls will affect high-tech businesses