China reports 151 COVID cases for June 24, vs 143 a day earlier

Mainland China reported 151 new coronavirus cases for June 24, of which 53 were symptomatic and 98 were asymptomatic, the National Health Commission said on Saturday. That compared with 143 new cases a day earlier – 37 symptomatic and 106 asymptomatic infections, which China counts separately. There were zero new deaths, leaving the nation’s death … Read more

China launches new batch of three remote sensing satellites

China on Thursday successfully launched three new remote sensing satellites from the Xichang Satellite Launch Centre in southwest China’s Sichuan Province, official media reported. The satellites were launched as the second batch of the Yaogan-35 family at 10:22 a.m. (local time) by a Long March-2D carrier rocket and entered the planned orbit successfully. The satellites … Read more

Huawei Loses Appeal on Swedish Government’s 5G Rollout Ban in Local Court

A Swedish court on Wednesday rejected an appeal from China’s Huawei over the government’s decision to ban the network equipment giant from the rollout of 5G mobile network infrastructure in the Nordic country. The administrative court of appeal in Stockholm said in a statement it believed it was fair to assume that the use of … Read more

Victims of Tangshan restaurant attack recovering from injuries, Chinese police say

The assault, which took place in the early hours of June 10, saw several women repeatedly kicked and punched by a group of men. It sent shock waves across China after surveillance footage of the incident was leaked online. A day after the attack, the Tangshan police issued a statement saying two women were hospitalized … Read more

JPMorgan sees equity stress easing in second half

A selloff that saw US stocks sink into a bear market last week amid red-hot inflation data and a sharp Federal Reserve rate hike will likely ease in the second half, according to JPMorgan Chase & Co. “The call of peak Fed hawkishness got delayed, but it is not broken, for the second half,” strategists … Read more

Samsung’s Chip Production Delays in China After Strike in South Korea: KITA

Samsung Electronics’ chip production in China is facing disruption from a trucker strike in South Korea which is blocking exports of a key material, the Korea International Trade Association (KITA) said on Tuesday. It is the first concrete sign that the week-long strike is impacting chip production, having already cost South Korean industrial sectors more … Read more

WSJ News Exclusive | Lawmakers Make Bipartisan Push for New Government Powers to Block U.S. Investments in China

Congress is pressing ahead with legislation that could rewrite the rules for American companies investing abroad, proposing the screening of investments in countries like China seen as adversaries to protect U.S. technologies and rebuild critical supply chains. The measure, part of broader legislation to bolster U.S. competitiveness with China, would require American companies and investors … Read more

Coronavirus in India: Massive jump in Covid-19 cases since January; Will IIT’s prediction of fourth wave come true?

Latest Updates on Covid-19: India recorded around 50,000 Covid-19 cases in the week that went by. This has been the biggest jump in the number of daily cases since January. The overall statistics of daily infections across states don’t look good and it has compelled the state governments to move in line with strict measures … Read more

Oil consumers face a summer of pain as China starts coming back to market

Oil bulls are starting to picture a world in which China, the engine of demand growth, comes back to the market. And if their analysis is right, the summer is going to be painful for oil consumers everywhere who’re already facing spiraling prices — whether that’s Americans paying about $5 a gallon gasoline, or Brits … Read more

Emerging markets such as China and India will grow old before they grow rich

Emerging markets such as China and India, before they start celebrating stable fertility rates, will have to contend with ageing populations which don’t have enough savings to deal with old-age issues. Also, those employers will prosper who offer workplace childcare, fertility and family benefits. Diversity and inclusion at the workplace will be driven by Gen … Read more