#China
Market leader Xiaomi 1810.HK saws its shipments surge 40 per cent to 13.3 million while industry-wide shipments grew 3.3 per cent
Georgieva emphasised the need for rebalancing policies — fiscal, monetary, and structural — that reduce vulnerabilities and mitigate trade frictions
The hike comes after the White House kept the pressure on the world’s No.2 economy by singling it out for an additional tariff increase
Analysts have warned that US prices of iPhones could surge, given Apple’s high reliance on imports from China, the main manufacturing hub of the devices
The upheaval erased trillions of dollars from stock markets and led to an unsettling surge in US government bond yields
US and China are stuck in an unprecedented, and expensive, game of chicken, and it seems that both sides are unwilling to back down
As Asia digested the news, Japan’s Nikkei share index slumped to an eight-month low, with US and European stock futures also diving
Aviation has long recognised the batteries as a safety concern, and rules are periodically tightened in response to accidents
Brent futures fell 24 cents, or 0.3 per cent, to $70.80 a barrel at 0500 GMT
The tariff actions, which could upend nearly $2.2 trillion in two-way annual US trade went live at 12:01am EST (0501 GMT)
Chinese investments in the UAE have increased by 16 per cent, while UAE investments in China soared by 120 per cent.
Rolling out AI tools in China is crucial for Apple as iPhone sales dipped in the holiday quarter
China’s Finance Ministry said it would impose levies of 15 per cent for US coal and LNG and 10 per cent for crude oil
The two nations signed a trade agreement that aims to boost trade volumes by removing barriers and promoting investments
Deliveries in China are set to begin in March, subject to regulatory approval
Special treasury bonds will be used to fund large-scale equipment upgrades and consumer goods trade-ins, state officials have said
Microsoft invested $1.5bn in G42 earlier this year, giving the US company a minority stake and a board seat
Chinese entities have a notable presence on the exchange, with over $22bn in debt listed to date
The CEO says Huawei provided invaluable support in crafting the right messaging, focusing on what would resonate most with Chinese tourists
The move toward EVs has accelerated in recent years and is seen as a key way to help countries achieve climate goals
The summit saw the official global launches of OMODA & JAECOO’s latest models, OMODA C7 and JAECOO J5, in the presence of over 2,000 attendees
Saudi Arabia is the number two oil exporter to China behind Russia and holds stakes in some Chinese refiners
Oil prices are down nearly 5 per cent so far this year, amid increasing supply from other producers, especially the US
Saudi Arabia’s markets regulator approved AlBilad Investment Company’s request to offer “Albilad CSOP MSCI Hong Kong China Equity ETF
The remaining OPEC+ cuts of 3.66 million bpd, agreed in earlier steps, are staying in place until the end of 2025
That has stoked worries among traders about a slump in demand from China, where refineries sharply cut crude processing rates last month on tepid fuel demand
The organisation said oil demand will rise by 2.11 million barrels per day (bpd) in 2024, down from growth of 2.25 million
The combination of bearish and bullish factors for gold may end up having the effect of keeping the price in a relatively narrow range for the rest of the year
The project, expected to be delivered this year, will improve the stability and reliability of Saudi Arabia’s power grid.
Yasir Al Rumayyan met with high-level officials in China including the minister of commerce and Beijing’s mayor