Newsbreak 2 days ago in Around The World, China, Crisis, Debt, evergrande, Markets, MI Exclusive, News, property, Real Estate 0 Category: China
Trading in China Evergrande shares suspended again just a month after they returned from a 17-month hiatus
Newsbreak 2 days ago in Around The World, China, Crisis, Debt, evergrande, Markets, MI Exclusive, News, property, Real Estate 0 Aerial photo shows a residential area of Evergrande in Nanjing, East China’s Jiangsu province, Aug 28, 2023. On August 28, 2023. Costfoto/NurPhoto/Getty Images Trading in property developer China Evergrande Group shares was suspended in Hong Kong on Thursday. China Evergrande shares had resumed trading on August 28 after a 17-month hiatus. Bloomberg reported Wednesday that Hui Ka Yan, Evergrande’s chairman, has been placed under police watch….
Sunday shows preview: Silicon Valley Bank collapses; US relations with China, Russia remain tense
Newsbreak 7 months ago in Around The World, China, FDIC, Janet Yellen, News, Russia, Silicon Valley Bank, Sunday shows preview, Sunday Talk Shows, Sunday talk shows preview 0 The sudden collapse of Silicon Valley Bank — the biggest bank failure since the 2008 recession — and increasingly strained U.S. relations with China, Russia and other adversaries will likely dominate the Sunday shows circuit this weekend. Silicon Valley Bank, which largely catered to tech startups, was swiftly closed down by regulators after it collapsed on Friday morning. The bank’s downward spiral began late Wednesday,…
Xi officially clinches third term as Chinese president
Newsbreak 7 months ago in Around The World, CCP, China, International, National People's Congress, US-China relations, Xi Jinping 0 Xi Jinping officially clinched his third term as Chinese president on Friday, following a largely ceremonial vote by the country’s rubber-stamp legislature. The nearly 3,000-member National People’s Congress voted unanimously for Xi, the only candidate, to serve another five-year term as president, according to Xinhua, China’s state news agency. Xi’s unprecedented third term comes after the Chinese legislature voted to abolish a two-term limit on the…
6 companies that struck it big on China’s zero-COVID policies and came out on top after 3 years of lockdowns
Newsbreak 7 months ago in Around The World, Businesses, China, Features, insider asia, insider news, International, News, Winners, zero-COVID 0 Sanitation workers wearing personal protective equipment (PPE) spray disinfectant at Nanjing Road Pedestrian Street on May 28, 2022, in Shanghai, China. Yang Jianzheng/VCG via Getty Images China’s zero-COVID era was a period of economic slowdown for almost everyone in the country. But a select pool of local firms and sectors saw tremendous growth during those years. Insider takes a look at 6 of the big…
What we know about Energy Department’s lab leak conclusion
Newsbreak 7 months ago in Around The World, China, Covid-19, COVID-19 pandemic, Energy, Energy Department, FBI, Healthcare, International, News 0 The Wall Street Journal reported on Sunday that the Energy Department has concluded with “low confidence” that the COVID-19 virus emerged from a laboratory in China. The newspaper, citing a classified intelligence report, said the Energy Department’s new position adds to divisions within the intelligence community on what was behind the pandemic, which first appeared in Wuhan, China, in late 2019. Here’s what to know…
Democratic Rep. Judy Chu, the first Chinese American woman elected to Congress, blasts a Texas GOP congressman after he questioned...
California Democratic Rep. Judy Chu hit back at Texas GOP Rep. Lance Gooden after he responded to her criticism of a Republican effort to examine Biden financial appointee Dominic Ng. AP Photo/J. Scott Applewhite Judy Chu criticized Lance Gooden after he seemingly questioned her “loyalty” to the US on Fox News. Gooden called out Chu after she blasted GOP makes an attempt to examine Biden…
Democrats erupt with fury after Republican questions ‘loyalty’ of Rep. Chu
Newsbreak 7 months ago in AAPI, Around The World, China, Hakeem Jeffries, House, Judy Chu, Lance Gooden, News 0 House Democrats are up in arms after a GOP lawmaker urged Rep. Judy Chu (D-Calif.), the nation’s first Chinese-American congresswoman, is disloyal to the United States. Rep. Lance Gooden, a third-term Texas Republican, urged this week that Chu needs to be denied entry to delicate categorised supplies — and investigated — after she defended Dominic Ng, President Biden’s choice to steer U.S. commerce pursuits in Asia,…
A Chinese city is offering couples almost $2,900 to have a third child and some others are giving newlyweds paid...
Newsbreak 7 months ago in Around The World, China, Demographics, Economy, International, International News, News, Population 0 China’s encouraging its residents to have more kids amid a shrinking inhabitants. CFOTO/Future Publishing/Getty Images The Chinese city of Hangzhou is giving $2,900 to dad and mom welcoming a third child this year. Some different cities are giving almost 30 days of marriage leave to boost the birth rate. China’s coping with a demographic disaster as its inhabitants shrinks for the first time in 60…
‘We haven’t left the bubble’: Wall Street’s elite investors are privately warning that the stock market is headed for a...
Newsbreak 7 months ago in Alyssa Powell, Around The World, China, China Economy, Discourse, Economy, European Union, Federal Reserve, Finance, Germany, Inflation, Insider Illustration, Interest Rates, Investing, Jerome Powell, Markets, News, Politics, recession 2023, Stock Market Crash, Wall Street 0 Wall Street was lulled into a false sense of safety, in keeping with the investing world’s elite, and this complacency will make the coming stock market reversal even more excruciating. Getty Images; Alyssa Powell/Insider Elite investors are privately warning that the market is headed for a second wave of pain The stock market has began off the year in a state of euphoria, shrugging off…
See packages delivered by boat, airplane, drone, and donkey as e-commerce reaches every corner of the world
Newsbreak 7 months ago in Around The World, BITranspo, Business Visual Features, China, DHL, eCommerce, Features, last mile delivery, Logistics, packages, Transportation, UPS 0 A DHL supervisor palms a package deal to a courier from a ship carrying specific packages in one of the canals of Amsterdam. REUTERS/Robin van Lonkhuijsen/United Photos E-commerce is rising worldwide, however the logistics can get difficult in hard-to-reach locations. The inhabitants, topography, and visitors of totally different locales create challenges for deliveries. Here are some distinctive deliveries in Brazil, China, Germany, the Netherlands, Rwanda,…
Beijing plans to hand out $6 a month to low-income families to help offset the cost of meals. The amount...
Newsbreak 7 months ago in Around The World, China, Consumer Price Index, Economy, Food Inflation, Inflation, International, News 0 People sporting face masks store at a market, following new circumstances of COVID-19 in the country, in Beijing, China January 11, 2021. Tingshu Wang/Reuters Beijing is planning to give practically $6 a month in subsidies to the metropolis’s low-income residents. The subsidy is supposed to help defray rising inflation in the capital metropolis. The $6 a month subsidy triggered many Chinese social media users who…
China may ‘creep up to the line’ of providing Putin with lethal aid as Biden cabinet members warn the country:...
Newsbreak 7 months ago in Anthony Blinken, Around The World, China, Kamala Harris, Military & Defense, News, Politics, Russia, Ukraine, Wang Yi, War 0 US Secretary of State Antony Blinken at the Munch Security Conference on February 18. 2023. Petr David Josek/AP China may strive to send lethal aid to Russia “without getting caught,” a source told NBC News. Warnings of escalation come on the heels of Secretary of State Anthony Blinken’s assembly with China. Blinken warned “about the implications” of sending lethal aid, the State Department said. US…
Ukraine claims Russian balloons shot down over Kyiv
Newsbreak 8 months ago in Around The World, China, Chinese spy balloon, Defense, Policy, Russia, Ukraine 0 Six Russian balloons have been noticed over the Ukrainian capital of Kyiv, with most shot down by the town’s air defenses, in line with Kyiv’s navy administration. It’s unknown when the balloons flew over the town or whether or not they have been carrying reconnaissance gear, however air sirens have been used in Kyiv because the balloons have been in the skies, Reuters reported. “According to…
China threatens ‘countermeasures’ against US entities over balloon’s downing
Newsbreak 8 months ago in aerial objects, Around The World, China, china balloon, International, Joe Biden, News, Wang Wenbin 0 China warned on Wednesday that it’s going to take “countermeasures” against U.S. entities over the takedown of a suspected Chinese spy balloon earlier this month. “China firmly opposes this and can take countermeasures in accordance with the regulation against the related U.S. entities that undermine China’s sovereignty and safety,” Chinese Foreign Ministry spokesperson Wang Wenbin said at a briefing, including that Beijing will “resolutely safeguard…
Chinese spy balloon has GOP saying no cuts to defense
Newsbreak 8 months ago in Around The World, China, China spy balloon, Joe Biden, Kevin McCarthy, Lindsey Graham, Mitch McConnell, News, Rand Paul, Senate, Tom Cotton 0 A rising variety of Senate Republicans are saying that President Biden and Speaker Kevin McCarthy (R-Calif.) ought to take defense spending cuts off the desk in their negotiation over the debt ceiling. The Republicans are digging in their heels after receiving a labeled briefing on a Chinese spy balloon that floated over delicate navy installations. “The entire civilized world should recognize that communist China…
A US fighter jet shot down an ‘unidentified object’ flying over northern Canada
Newsbreak 8 months ago in Around The World, Canada, China, Chinese spy balloon, Justin Trudeau, Military & Defense, News, NORAD, Politics 0 Canadian Prime Minster Justin Trudeau, gestures as he speaks at a joint press convention Monday, March 7, 2022. Alberto Pezzali/Associated Press A US F-22 fighter jet has shot down an “unidentified object” flying over northern Canada. Canadian Prime Minister Justin Trudeau said he ordered NORAD to shoot it down Saturday. Canadian forces will recuperate and analyze the object’s wreckage, Trudeau said. Acting on the orders…
China keeps insisting its real-estate market is not in a crisis — even as just about every sign points to...
Newsbreak 8 months ago in Around The World, China, Debt, Economy, International, International Monetary Fund, Markets, News, property, Real Estate 0 China’s real-estate sector is mired in debt woes. Xu Jinbai/VCG/Getty Images The IMF said in a report on China’s financial system that the country’s property crisis stays “unresolved.” But China’s hit back at that, saying its property market “has been operating smoothly in general, and is not in a ‘crisis’ situation.” China’s actual property market has been mired in debt woes for the past few…
China condemns US ‘assault’ on surveillance balloon as ‘overreaction’
China condemned the U.S. navy’s resolution on Saturday to shoot down a suspected Chinese surveillance balloon that flew over the U.S. last week. “China strongly disapproves of and protests against the U.S. attack on a civilian unmanned airship by force,” the Chinese Foreign Ministry said in an announcement on Sunday morning, per the South China Morning Post. “The U.S.’s use of force is a clear overreaction…
US takes down Chinese spy balloon over Atlantic Ocean, seeking to recover debris
Newsbreak 8 months ago in Around The World, China, Chinese spy balloon, Joe Biden, Military & Defense, Politics 0 A high altitude balloon floats over Billings, Montana, on Wednesday, Feb. 1, 2023. Larry Mayer/The Billings Gazette via AP The US has taken down a suspected Chinese spy balloon over the Atlantic, in accordance to The AP. The balloon earlier on Saturday had been detected over South Carolina close to the Atlantic Ocean. An operation is at present underway to recover fragments of the balloon….
China’s shrinking population is a grim omen for the rest of the world
Newsbreak 8 months ago in Alyssa Powell, Andrew Flowers, Around The World, Birth Rate, China, Chris Forman, Demographics, Discourse, discourse-freelance, Economy, Europe, Future of Work, Global Economy, India, INSIDER graphics, Insider Illustration, InsiderAsia, labor shortage, Markets, News, Nordic, Politics, Population, population growth, Retail, Sebastian Dettmers, Shayanne Gal, Tech Insider, Workers, Workforce 0 China will lose half its population by the end of the century. The population decline is a warning for the US and Europe. Alyssa Powell/Insider The country’s shrinking population is a grim omen for the rest of the world China’s population is shrinking. While the huge country is nonetheless dwelling to 1.4 billion people — practically one out of each 5 people on Earth —…
NATO chief: China is ‘studying classes’ from Putin’s invasion of Ukraine
Newsbreak 8 months ago in Around The World, China, Fumio Kishida, International, Jens Stoltenberg, News, Policy, russia ukraine war, Taiwan 0 NATO Secretary-General Jens Stoltenberg said on Tuesday that China is “watching closely” and “learning lessons” from Russia’s ongoing invasion with neighboring Ukraine. Speaking at a news conference alongside Japanese Prime Minister Fumio Kishida, Stoltenberg said now is a crucial time for Asian-European relations. “Beijing and Moscow are main an authoritarian pushback in opposition to the worldwide rules-based order,” Stoltenberg said on the information convention, including…
Apple is ready to leave China as COVID protests delay iPhones past Christmas. That could take a decade and cost...
Newsbreak 10 months ago in Analysis, Apple, Around The World, China, iPhone, Manufacturing, Supply Chain, Tech Insider, Tim Cook 0 People maintain iPhone14 cellphones at an Apple retailer in Shanghai, China on November 11, 2022. CFOTO/Future Publishing through Getty Images China’s “zero COVID” coverage has hit Apple’s provide chain, inflicting delays on iPhone manufacturing. Apple will develop manufacturing into India and Vietnam and finally use a deliberate manufacturing unit in Arizona. But relocating a complete provide chain is costly, and it could reduce into Apple’s…
Tim Cook says Apple will use US-made chips for the first time in nearly a decade as the tech giant...
TSMC founder Morris Chang and Apple CEO Tim Cook at TSMC’s facility in Phoenix, Arizona. Ross D. Franklin/Associated Press Apple will be sourcing chips from TSCM’s Arizona plant in the US, stated CEO Tim Cook. Apple is stepping up on efforts to shift manufacturing out of China, amid strict pandemic restrictions. TSCM stated it is tripling its deliberate funding in the Arizona plant to $40…
China’s COVID policy is top of mind for investors as unrest rattled markets last week. Here are 5 things they’re...
Newsbreak 10 months ago in Around The World, China, COVID, Equities, Hang Seng, Investing, Lockdowns, Markets, MI Exclusive, Protests, S&P 500, Shanghai Composite, Stocks, Xi Jinping 0 Protesters march in Beijing. Photo by NOEL CELIS/AFP through Getty Images Chinese cities have loosened COVID restrictions within the wake of mass protests, lifting Chinese shares. But market watchers are nonetheless making ready to see if China is prepared to announce a full reopening of its economic system. Here are 5 things consultants say they’re watching in China after protests shook the market. Chinese equities…
Oil prices surge as OPEC maintains production cut targets and China’s thawing Covid-zero stance sparks hope of demand recovery
Newsbreak 10 months ago in Around The World, China, Covid-19, Energy, European Union, G7, International, Markets, MI Exclusive, News, Oil, OPEC, opec production, Pandemic, Politics, price cap, reopening, Russia 0 OPEC mentioned after its November assembly it is protecting its oil coverage unchanged from October. Vladimir Simieck/AFP/Getty Images Crude oil futures jumped on Monday after OPEC mentioned its oil coverage will stay unchanged from October. The group has been chopping oil output by 2 million barrels a day as a consequence of “market considerations.” Prices have been additionally boosted by hopes that China’s eyeing an…
China operates more than 100 secret ‘police stations’ in dozens of countries to monitor its citizens in exile, report says
Newsbreak 10 months ago in Around The World, China, International, Military & Defense, News UK, Police, UK Weekend 0 The Chinese flag. Getty Images China has more than 100 “police stations” globally to monitor its citizens in exile, a report said. Some of these facilities are set up with the help of the host nations, Safeguard Defenders alleged. FBI Director Christopher Wray said he’s “very concerned” about Chinese “police stations” in the US. China operates more than 100 so-called police stations worldwide to monitor,…
Chinese stocks rally after the country’s top pandemic official signals a softening of the country’s draconian Covid-zero stance
Newsbreak 10 months ago in Around The World, China, Covid-19, Economy, Fed, Interest Rates, Lockdowns, Markets, MI Exclusive, News, Pandemic, Stocks 0 Rare protests broke out in China final weekend as residents hit again in opposition to Chinas strict Covid-zero measures. Kevin Frayer/Getty Images Vice Premier Sun Chunlan stated China’s pandemic is at a “new stage” that comes with new duties. Sun’s phrases carry weight as she’s the face of China’s hardline Covid-zero method. Hong Kong and Chinese stocks are increased on optimism China is eyeing an…
Jack Ma, the billionaire founder of Alibaba, disappeared from public view in 2020. He’s been living in Tokyo for the...
Newsbreak 10 months ago in Alibaba, Ant Group, Around The World, Billionaires, China, International, Jack Ma, Japan, News, Politics, Tech Insider, Tokyo, Wealth 0 Alibaba Group founder Jack Ma is reportedly living in Tokyo. Zhang Yazi/China News Service/Getty Images Alibaba group founder Jack Ma is now living in Tokyo, the FT reported. The as soon as high-profile Ma angered the Chinese authorities in 2020 and has since vanished from public view. Ma remains to be mendacity low in Tokyo and socializes primarily inside non-public golf equipment. Once one of…
Oil prices dip to their lowest level in 2022 as Covid protests in China intensify
Newsbreak 10 months ago in Around The World, China, commodites, COVID-19 pandemic, Crude Oil, Hang Seng, Hong Kong, Lockdowns, Markets, MI Exclusive, News, oil futures, Shanghai Composite, Shenzhen 0 Protests towards draconian Covid-zero measures have unfold in China as frustrations construct after three years of pandemic restrictions. Kevin Frayer/Getty Images Crude-oil prices tumbled on Monday over COVID-19 protests in China. The concern of unrest in the world’s second-largest economic system hit market sentiment, sending shares in Hong Kong and China tumbling. China reported 40,052 new native COVID-19 instances on Monday — a each day…
Videos show hundreds of workers rioting at Apple’s biggest iPhone making plant over China’s draconian COVID-19 measures
Newsbreak 10 months ago in Apple, Around The World, China, Covid-19, Foxconn, insider asia, insider news, International, iPhone, News, Riots, Zhengzhou 0 A employees member sporting private protecting gear (PPE) disinfects a manufacturing unit at Industrial Park of Foxconn on November 6, 2022 in Zhengzhou, Henan Province of China. VCG/VCG through Getty Images Online footage seems to show workers rioting at Foxconn’s iPhone making plant in Zhengzhou, China. The mass protests are the most recent escalation of tensions over China’s COVID-19 measures at the plant. The clips…