"In a recent maritime incident that has escalated tensions between Taiwan and China, two Chinese fishermen perished after their speedboat capsized during a chase with the Taiwanese coast guard near the Kinmen archipelago.
Xiaomi, the leading player in India's smartphone market, has voiced concerns over the intensified scrutiny of Chinese companies, which is causing apprehensions among smartphone component suppliers about establishing their operations in the world's largest internet market.
"BASF, the German chemical conglomerate, announced its decision to divest from two joint ventures in Xinjiang, China, amidst rising concerns over alleged human rights abuses linked to its local partner, Xinjiang Markor Chemical Industry Co.
"Microsoft and OpenAI have disclosed how nation-state-backed hacking groups from Russia, North Korea, Iran, and China are harnessing the power of advanced AI tools, such as ChatGPT, to fortify their cyber-attack strategies.
China's exports surged 7.2% in July compared to a year earlier, outpacing economists' expectations and providing a short-term boost as Beijing races to ship goods ahead of the expiration of a fragile tariff truce with the United States. Imports also rose 4.1%, their strongest gain in 12 months, customs data showed Thursday.
Health officials in China have reported over 7,700 confirmed cases of chikungunya virus across the southern province of Guangdong, with nearly 3,000 cases registered in the past week alone. The mosquito-borne illness, rarely seen in mainland China, is spreading rapidly, prompting public health responses that include fines, quarantines, and aerial mosquito control operations.
India and the Philippines launched their first joint naval exercises in the South China Sea this week, marking a significant move in Indo-Pacific military partnerships and drawing scrutiny from Beijing. The two-day drill, which began Sunday, occurred within the Philippines' exclusive economic zone and featured vessels from both nations sailing together through the disputed maritime region.
China has rejected U.S. demands to cease oil imports from Russia and Iran, standing firm against threats of sweeping tariffs as trade negotiations between the world's two largest economies continue in Stockholm. The dispute highlights enduring geopolitical friction even as both sides express optimism about reaching a broader trade agreement.
A Hong Kong court has frozen a $1.8 billion HSBC account linked to Wahaha Group chairwoman Zong Fuli amid a high-profile inheritance dispute with her three half-siblings, who claim a breach of a family trust agreement involving the estate of the beverage empire's late founder, Zong Qinghou.
China's top leadership pledged new measures to stabilize the economy in the second half of the year, including curbing excessive price competition and managing industrial overcapacity, as fresh uncertainty surrounds the country's trade relations with the United States. The commitments were outlined in a statement following the July meeting of the Politburo, the Communist Party's highest decision-making body for economic policy.
At least 38 people have died and over 80,000 residents have been displaced in the Beijing region following a historic rainfall event that dumped nearly a year's worth of precipitation in just a few days. The intense storms triggered widespread flooding, landslides, and infrastructure failures across northern China, particularly in the capital city and neighboring Hebei province.
The Trump administration has paused technology export controls on China in a move aimed at easing bilateral tensions and facilitating a high-level meeting between President Donald Trump and Chinese President Xi Jinping later this year, according to multiple officials cited by the Financial Times. The decision affects key restrictions on advanced artificial intelligence chips and follows months of quiet pressure on the Commerce Department's industry and security bureau to avoid escalatory measures against Beijing.
CK Hutchison Holdings is in talks to add a major Chinese strategic investor to a $22.8 billion ports divestment deal, following pressure from Beijing regulators and intensifying geopolitical tensions over port control along the Panama Canal. The Hong Kong-based conglomerate confirmed the negotiations on Monday, one day after the exclusive period with an existing U.S.-European consortium expired.
Microsoft is facing mounting scrutiny after Chinese state-linked hacking groups exploited a critical flaw in its SharePoint server software, compromising data from government agencies and major businesses across the globe-including the U.S. agency that oversees nuclear weapons, according to multiple sources including Bloomberg and Reuters.