China

Sri Lanka and Pakistan were poster boys of China’s Belt Road Initiative (BRI) over the past decade and used high interest loans from Beijing to create white elephant projects. Both nations are bankrupt today with China not showing the same BRI enthusiasm in reviving their economies with much-needed aid to tide over the growing food and fuel…

Tesla CEO Elon Musk believes that a company out of China could soon rival Tesla. During the company’s latest earnings call, Musk noted that China is making considerable progress in the automotive industry and that a company out of the country is likely to become a serious competitor to Tesla. While Musk is confident in Tesla’s ability to stay…

Over $150 billion in capital could flee China in 2023, according to an estimate by Natixis, due to pent-up demand caused by the pandemic. Prior to the pandemic, China saw around $150 billion in annual capital flight from people going overseas, according to a «Bloomberg» report citing Natixis APAC chief economist Alicia Garcia Herrero.  And in…

India took over presidency last December. ArchiveIn the run-up to the G20 summit in the national capital in September, the Delhi Police is holding weekly meetings and discussing, among other things, ways to handle any disruptions in the form of agitations or protests that might cause law-and-order problems to scheduled events, senior officers…

ZURICH (Reuters) - Swatch Group is positive about China market recovery from the COVID-19 fallout and the return of Chinese tourists abroad, the Swiss watchmaker said on Tuesday after it reported a 2.5% increase in its 2022 sales.The maker of high-end brands Omega, Tissot and Longines watches as well its eponymous mass-market plastic watches…

WASHINGTON — She is among the most influential foreign ambassadors in Washington, but she’s technically not an ambassador. She works from a grand estate, but cannot live there. Simply flying her flag could cause a diplomatic incident.This is life in the gray zone for Taiwan’s senior diplomat in the United States, Bi-khim Hsiao, who enjoys…

DENPASAR, Indonesia (AP) — A direct flight from China landed in Indonesia’s resort island of Bali for the first time in nearly three years on Sunday after the route was suspended due to the pandemic.At least 210 people were on board the chartered plane operated by Indonesia’s Lion Air from Shenzhen in China’s southern Guangdong…

New Delhi,UPDATED: Jan 21, 2023 11:33 ISTBy Shubhi Mishra: In a terrifying incident from China, tourists were left hanging upside-down on a broken amusement park ride. A video of the same is doing the rounds of the internet and is not for the faint-hearted. The incident happened on January 19 as the ride suffered a mechanical failure. In the…

HONG KONG (AP) — As the week-long Lunar New Year holidays in China draw near with promises of feasts and red envelopes stuffed with cash, children have another thing to look forward to –- one extra hour of online games each day. Only one hour. For years, Chinese authorities have sought to control how much…

SHANGHAI/HONG KONG, Jan 19 (Reuters) - Chinese brokerages are in a race to raise billions of dollars in capital to meet regulatory requirements, jumping on a market upturn to bolster operations as they brace for tougher competition from Wall Street banks on their home turf.Chinese equities (.dMICN00000PUS) have rebounded more than 10% on…