CHINAS ANTI GRAFT WATCHDOG
All about China's CE-25A electric aircraft that can fly at 300 kmph and just completed its maiden piloted flight
China's CE-25A electric commercial aircraft carried out its maiden piloted flight in Binzhou, Shandong province. The aircraft is designed for short-distance travel and can carry up to 19 passengers. Developed by the Commercial Aircraft Corporation of China, it plans to increase regional connectivity. The aircraft successfully met all performance indicators during the test flight with two pilots onboard.
China, US discuss tariffs, farm trade at first trade council meeting
China and the United States held their first trade council meeting via video link on Friday. The discussions involved tariffs, agricultural trade, and a reciprocal tariff-reduction arrangement of $30 billion per side. Both sides aimed to implement outcomes from previous consultations while addressing trade concerns and expanding cooperation.
Riots in France: How anti-government protests spiraled out of control
In response to soaring living expenses and inadequate public services, France has seen significant protests, resulting in considerable turmoil. Authorities blamed far-left extremists and opportunists for the violence. Over 4,900 protestors were detained in fierce confrontations with police, leading to widespread criticism of the government's heavy-handed responses.
India, Indonesia step up anti-terror cooperation
India and Indonesia have agreed to step up cooperation against terrorism, focusing on countering radicalisation, terror financing, misuse of the internet and emerging technologies, and links between organised crime and terrorism.
PM tapping my phone, alleges LoP Rahul Gandhi without giving any evidence
Congress leader Rahul Gandhi claims that Prime Minister Narendra Modi is tapping his phone to monitor him. He asserts that evidence supporting his allegations is stored on his device. Gandhi expressed reluctance to debate Modi in Parliament due to being silenced in the past. He linked his previous accusations to broader concerns about foreign influence and national loyalty. However, he has not provided any evidence to substantiate his phone-tapping claims.
Govt tightens duty exemption rules for metallurgical coke imports
The government has tightened conditions for importers seeking exemptions from anti-dumping duty on low ash metallurgical coke, a key input for steelmaking and ferroalloy production. The finance ministry has made compliance with a prescribed customs procedure mandatory for eligible importers.
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German watchdog warns some cooling systems remain vulnerable to hacking
Hacking attacks on European supermarkets spread across the continent last week, hitting fridges and freezers from Sweden to Belgium and forcing stores to throw away food in an incident that echoed a similar attack in France last month.
COVID-era Wuhan party boss under investigation, says China's anti-graft watchdog
Wang Zhonglin, the former party chief of Hubei and Wuhan, is under investigation for corruption. This follows his earlier prominence during the COVID-19 pandemic, particularly appointed as Wuhan's top official in February 2020. He served as governor of Hubei in 2021 and later became the highest-ranking official in the province. Additionally, several other senior officials from pandemic-era Hubei have faced investigations and serious consequences.
Rahul Gandhi alleges PM Modi has his 'phone tapped', renews one-on-one debate challenge
Rahul Gandhi has accused Prime Minister Narendra Modi of having his phone tapped, claiming the Prime Minister knows about information he possesses on alleged foreign interference and anti-national activities. The Congress leader renewed his demand for a one-on-one public debate, as the BJP urged him to raise the issues in Parliament.
China's Yuan edges higher as exporters' dollar sales offset Fed rate hike bets
China's yuan rose against the US dollar as domestic companies converted foreign earnings into yuan. This seasonal trend occurs before year-end and the Lunar New Year. The dollar remained strong due to speculative interest rate hikes by the Federal Reserve. Chinese exporters took advantage of the firmer dollar, contributing to yuan appreciation.
Xi says China's 'complete reunification' will certainly happen, no room for Taiwan independence
President Xi Jinping reiterated the importance of Taiwan's reunification, viewing it as a crucial historical mission. He stated that the Communist Party of China will certainly achieve this objective. Xi expressed willingness to engage in dialogue while firmly opposing any form of Taiwan independence. Additionally, he highlighted the need to consider Taiwan's realities and the feelings of its people.
China Central Bank vows stronger policy support to achieve economic growth targets
China's central bank has pledged stronger monetary support and increased policy adjustments to help achieve its annual economic growth targets. The People's Bank of China flagged weak domestic demand, structural challenges and external uncertainties, while promising to keep borrowing costs low and support key sectors, including technology and infrastructure.
Could Huang, Nvidia and company's board be held liable over affair scandal?
Nvidia CEO Jensen Huang is under scrutiny due to rumored connections with a suspected Chinese intelligence asset. An independent committee of directors is investigating potential implications for Nvidia and its stakeholders. Various legal actions, including a proposed class action lawsuit, are being explored by investors. Federal securities regulators may also investigate for possible violations of disclosure laws. The outcome of these investigations could impact the company's future and stock value.
Global watchdog urges Turkey to strengthen crypto rules
But it said further action was needed to improve alignment with the FSB's global recommendations and address the risks of a largely retail investor-driven sector that saw nearly $200 billion worth of transactions last year, according to the review.
Drugmakers tap China AI app boom to reach doctors as crackdown upends marketing
As scrutiny intensifies, Chinese pharmaceutical companies are shifting gears toward digital marketing initiatives. Traditional face-to-face communications are waning, prompting the industry to embrace AI-fueled applications for connecting with healthcare providers. These tools facilitate compliant relationships, sparking partnerships among health-tech firms to disseminate clinical information through digital channels. This marks a pivotal change in marketing dynamics within the pharmaceutical landscape.
Huang in suspense, chips may crack
Huang is a hands-on boss at Nvidia. Although he owns a small amount of the company's stock, replacing him will be difficult. In the new political dispensation, Washington may be forced to take a harder look at its export control regime and make it more watertight. 'Jensanity' offers a good trigger.
Malaysia's ex-leader Najib moved from prison to house arrest after court clears transfer
Najib Razak, Malaysia's former Prime Minister, has been transferred to house arrest from prison. He is serving a reduced six-year sentence linked to a corruption case. The transfer was approved by the Kuala Lumpur High Court following previous legal hurdles. Najib still faces a separate 15-year sentence linked to additional corruption charges that is under appeal. He maintains his innocence regarding all allegations tied to the 1MDB scandal.
"Anna Hazare's anti-corruption movement was covertly supported by BJP, RSS" to dislodge UPA: Sonia Gandhi's memoir
Sonia Gandhi, in her memoir, indicates that the 'India Against Corruption' movement received covert support from the BJP and RSS. The movement created significant public pressure, compelling the UPA government to pass the Lokpal Act in 2014. Although the legislation aimed to combat corruption, it became ineffective following the BJP's rise to power. Gandhi reflects on Prime Minister Dr. Manmohan Singh's challenges during this tumultuous period.
CCI clears Advent International's Rs 3,150 crore investment in Yatharth Hospital
Advent International has officially secured the green light from the Competition Commission of India to channel an impressive Rs 3,150 crore into Yatharth Hospitals through its affiliate, Rasmalai Limited. Post-investment, Advent will own a 24.9 percent minority stake in the healthcare entity, which is poised to leverage this financial boost for its expansion efforts and enhancing its healthcare network amidst a backdrop of thriving operational revenues and profit growth.
Microsoft presses Trump to scuttle expected ban on Chinese data center technology: Report
Microsoft is lobbying against a proposed ban on Chinese optical transceivers essential for artificial intelligence data centers. The Trump administration's decision could significantly impact the speed of data center development in the US. Industry groups have expressed concerns about potential supply chain disruptions and competitive disadvantages. The Federal Communications Commission is currently deliberating on the implications of this ban.
Microsoft presses President Trump to scuttle expected ban on Chinese data centre technology
Reuters reported in August that the Trump administration wants to ban US imports of new models of Chinese optical transceivers, which allow data to travel over fiber-optic cables at the speed of light within data centers. The concern is that they could be used by Beijing to steal data, install malware or disrupt service at US data centers.
Congress questions Rijiju's 'silence' on proposed Siang dam, slams Gao for supporting project
Congress criticized Union minister Kiren Rijiju for remaining silent on the Siang Upper Multipurpose Project issues. The project has caused anxiety among the indigenous Adi community regarding displacement and environmental concerns. BJP MP Tapir Gao's support for the dam is questioned as it overlooks local grievances. Congress demands Rijiju clarify his stance and ensure public consultation before moving forward.
China’s trade surplus tops $1 trillion for second straight year as exports surge
China's trade surplus reached $1.04 trillion in January-October, crossing $1 trillion for a second consecutive year. October exports rose 35.2% year-on-year, while imports grew 41.6%, narrowing the monthly surplus to $105.3 billion. Strong overseas demand is supporting exports, but weak domestic consumption and rising trade tensions pose risks to the outlook.
China's trade surplus surpasses USD 1 trillion for 2nd straight year, as exports surge 35 per cent
China's trade surplus has surpassed USD 1 trillion for the second consecutive year as exports continue to rise significantly. Imports increased sharply in October, contributing to a narrowing of the monthly surplus. The trade situation presents challenges as domestic demand remains sluggish while foreign competition intensifies. Trade discussions are anticipated between the leaders of the US and China amid ongoing global trade tensions.
DGTR begins anti-dumping probe against certain aluminium imports from China, others
The Directorate General of Trade Remedies (DGTR) has launched an anti-dumping investigation into aluminium extrusion imports from China, Malaysia, Vietnam and Thailand following a complaint by the Aluminium Extrusion Manufacturers Association of India.
NRIs can now complete online KYC from the US, UK, UAE and other FATF-compliant countries
For Indian investors residing overseas, a new development brings good news. A recent circular from Sebi allows them to open investment accounts without needing to return to India. By permitting digital KYC submissions from various compliant countries, this initiative simplifies the process for non-resident Indians (NRIs) and overseas citizens of India (OCIs).
Cybercrime networks shift to smaller, mobile scam operations amid enforcement pressure: FATF
In its report released from Paris, the global money-laundering watchdog said large, fortified compounds where cyber slaves were forced to commit financial cybercrimes are being moved to apartments, houses, hotels and office floors, sometimes rebranding as legitimate outsourcing or marketing firms.
Cybercrime networks shift to smaller, mobile scam operations amid enforcement pressure: FATF
In its report released from Paris, the global money-laundering watchdog said large, fortified compounds where cyber slaves were forced to commit financial cybercrimes are being moved to apartments, houses, hotels and office floors, sometimes rebranding as legitimate outsourcing or marketing firms.
Pakistan to deploy 30 Chinese Z-10ME attack helicopters in Himalayan region? Blogger reveals reported deal, features and weapon
A Chinese military blogger has claimed that Pakistan signed a contract for 30 Z-10ME attack helicopters with China, although neither country has officially confirmed the reported deal. The development comes as Islamabad looks to modernise its army aviation fleet. The upgraded helicopters feature high-altitude capabilities, advanced targeting systems, anti-tank missiles and electronic warfare equipment.
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