Russia's Sokol Oil Delivery to India Faces Delay: Here's Why
The delivery of Russian Sokol grade crude oil to the Indian Oil Corp has faced a delay.
Asia/Pacific
Beijing Offers Subsidies for Companies That Buy Local AI Chips as China Cuts Reliance on Foreign Technology
Beijing city officials are providing subsidies for businesses that buy artificial intelligence (AI) chips made in China.
India Is Confident More Foreign Players Will Enter the Country's EV Market Due to New EV Policy Measures
The Department of Promotion of Industry and Internal Trade in India is confident that its new EV policy measures will attract and allow more global firms to enter the market...
US Secretary of State Antony Blinken Calls on China to Treat American Companies Fairly During Visit to Shanghai
US Secretary of State Antony Blinken has emphasized the importance of fair treatment for American businesses during his visit to China...
Toyota Teams Up With China's Tencent to Attract Younger Drivers in the Era of AI
Toyota has partnered with Tencent to attract younger drivers in China...
US Solar Firms Urge Biden Admin to Apply Tariffs on Southeast Asian Imports
A group of US solar producers petitioned the federal government to put...
China Becomes More Aggressive in West Philippine Sea, US Commander Expresses Deep Concern
The US Indo-Pacific Command commander has raised alarm about what he c...
Latest News
China, Russia Boast Bilateral Trade at 'All-Time High' Despite Sanctions From the US and Its Allies
China and Russia have vowed ever closer economic ties despite disapproval from the West that promised to support Ukraine in its war with Russia.
China's Mixed Economic Data: Industrial Expansion at Fastest Pace Since 2022; Retail Sales Growth Misses Expectations
China has reportedly recorded its fastest industrial expansion since February 2022 in November.
JPMorgan Chase Reportedly Plans to Outsource $500 Billion Custody Business in Hong Kong, Taiwan
JPMorgan Chase is reportedly planning to outsource its local custody business operations in Hong Kong and Taiwan.
US, China Risk a 'New Cold War' as Economic and Trade Conflicts Escalate, IMF Official Warns
The US and China risk a "new Cold War" as economic and trade conflicts escalate, according to an IMF official.
Italy Formally Withdraws From Belt and Road Agreement With China
Italy has officially informed China that it is withdrawing from the Belt and Road Initiative (BRI), marking a significant shift in its international economic alliances.
Trading on Terror? Israel Investigates Claims Some Traders Knew Hamas' Attack Plan and Profited off It
Authorities in Israel are currently investigating unusual trading activities that occurred just days before the October 7 Hamas attack.
US to Prevent China From Supplying Battery Materials for EVs Set to Receive Billions in Tax Credits
The United States (US) has issued long-awaited guidance that will limit China's role in electric vehicles (EVs).
Shein Files for US IPO as Chinese-Founded Fashion Giant Seeks to Expand Global Reach
Chinese-founded fast-fashion giant Shein has confidentially filed for an initial public offering (IPO) in the United States (US).
Alibaba Co-Founder Jack Ma, the Chinese Tech's Poster Boy, Moves Into Food Business
Alibaba co-founder Jack Ma, a longstanding figure in China's technology sector, is diversifying his business ventures into the food industry with the establishment of a new company, "Hangzhou Ma's Kit
