Summary: China 's Evergrande , a major property developer, has filed for US bankruptcy protection amidst ongoing restructuring efforts. Trouble in China 's property market extends beyond Evergrande , with other developers also facing financial challenges . Country Garden, a significant developer, is struggling to make bond interest payments due to unfinished projects and mortgage payment issues. China 's economy is grappling with deflation, reduced growth, trade challenges, and central bank interventions. ...

Summary: China's economy experiences deflation as consumer prices decline in July, a rare occurrence in over two years. Deflation refers to a sustained drop in prices, indicating weak demand and economic challenges. China's consumer price index showed an annual decrease of minus 0.3%, partially attributed to stabilized pork prices. China's economic authorities are under pressure to take active measures to stimulate the economy and boost domestic demand . The global impact of China's deflation includes potentially cheaper Chinese products abroad, but also limited access to the Chinese market due to weak demand . ...

Summary: U.S. President Joe Biden , South Korea n President Yoon Sik-yul, and Japan ese Prime Minister Fumio Kishida agree to deepen military and economic ties . Joint condemnation of China 's aggressive behavior in the South China Sea marks a significant move. Leaders commit to consult and coordinate during crises, focusing on information sharing and ballistic missile defense cooperation. Joint statement opposes unilateral attempts by China to change the status quo in the Indo-Pacific region. Beijing expresses concerns that strengthened U.S. t...

Summary: China's deflation could lead to cheaper import s globally, potentially benefiting the UK's consumer market. UK inflation may receive some relief from cheaper Chinese import s, but ongoing challenges persist. Sustained deflation in China might hinder UK exporters due to delayed spending and slower market growth. Global trade, consumption, and commodity prices could be significantly affected by a slowdown in China's economic growth. ...

China's Xi Jinping tightens grip with unprecedented third term In one of China's grandest locations, it's staged one of its grandest shows. Nearly 3,000 delegates from across the country gathered here for China's version of the opening of parliament. Access in here is rare, controlled as it is closely guarded. In perfect unison, they welcomed their leader. Xi Jinping didn't take the lectern himself, but in a way, this weekend was all about him. His Cabinet of Allies confirmed his third term as President ratified. But listen closely to his outgoing second in command, just a hint that it's not all been plain sailing. The economy maintained stability in overcoming difficulties, and the main development tasks of the year were basically completed in a complex environment with many changes. The Chinese economy has shown strong resilience. In theory, they vote on le...

Summary: BRICS , a group of developing countries including Brazil, Russia, India, China , and South Africa, is expanding and gaining influence on the global stage. The organization faces challenges in balancing its economic goals with geopolitical considerations and maintaining relations with Western powers. China 's role in BRICS raises questions about the organization's direction and potential anti-Western stance. BRICS seeks to share global power with other middle powers and redefine the global order. ...

Summary: Japan faces backlash for releasing radioactive water from Fukushima into the Pacific Ocean. China bans seafood imports from Japan in response to the discharge, citing potential radioactive contamination. International concerns arise over the environmental and diplomatic consequences of Japan 's actions. The incident highlights the need for global cooperation in addressing nuclear-related environmental challenges. ...

Why is TikTok getting banned around the world? It's one of the biggest apps in the world that is using TikTok, a security risk. Hi Bestie, I hope you have the most wonderful day. This is an issue of our times. Sophie, get off it, stop it. TikTok is owned by the Chinese tech company Bite Dance, some fear that the app can harvest your data and potentially hand it to the Chinese government. For people with sensitive information on their phones, for example government workers, it could mean a potentially major security risk. We'll look back at this time and say wow, that was a really naive time where people just let their data go all over the place. So at a time when tensions between China and the West is high, some governments are cracking down and banning workers from having the app on their work phones. The US, as the world's top country, is so afraid of a user-friendly a...

Summary: Global trend towards cashless society is accelerating. US experiences surge in card payments during pandemic. India's UPI fosters financial inclusion and data-driven services. China's AliPay and WeChat Pay dominate digital payments market. Distinct models of digital payments shape financial landscapes worldwide. ...

China's deputy UN ambassador calls for Russia to end Ukraine war One ear into the Ukraine crisis. The conflict is still grinding on and growing in scale, wreaking havoc to countless lives. Its bill over effect is intensifying. We are deeply worried about this. China's position on the Ukraine crisis issue is consistent and clear. The sovereignty and territorial integrity of all countries should be respected. The purposes and principles of the UN Charter should be observed. The legitimate security concerns of all countries should be taken seriously. All efforts conducive to peaceful resolution of the crisis should be supported. Under the current situation, I wish to share the following four points. First, the top priority is to facilitate ceasefire and succession of hostilities without delay. Conflicts and wars have no winners. The longer the brutality, the greater the human s...

Summary: Chinese Yuan falls as economic indicators reveal further slowdown. Industrial output growth slower than June and below expectations. Mobile sales also underperform expectations. Unemployment rate rises to 5.3%, posing challenges for Chinese economy. People's Bank of China cuts one year loan rate and considers stamp duty reduction. US dollar strengthens against offshore Chinese yuan. Technical analysis suggests potential trends in the foreign exchange market . ...

Summary: North Korea 's leader Kim Jong-un showed Russia 's defence minister the country's banned ballistic missiles at a defence exhibition. Russia n and Chinese delegation s visit North Korea to celebrate the 70th anniversary of the end of the Korean War , known as Victory Day in North Korea . The display of nuclear-capable missiles banned under UN resolutions served as a backdrop for a show of solidarity by North Korea , Russia , and China against the US . The visit marks the first time a Russia n defence minister has visited North Korea since the fall of the Soviet Union . This visit represents North Korea ...

Summary: Elon Musk plans to replace Twitter's bird logo with the letter 'X', aiming to transform the platform into an 'everything app' akin to China's WeChat. Twitter faces challenges with declining advertising revenue, prompting Musk to seek new directions for the platform. The proposed rebranding may encounter resistance from Twitter's aging but loyal user base. Musk's vision for an expansive transformation contrasts with Twitter's current financial struggles and limited capabilities. The tech world awaits eagerly to see if the 'X' rebranding will take Twitter to new heights or if the b...

Ukraine War: 'Putin is feeling more and more isolated' Well, Ukrainians are not losing it, and with the support they've had from the West, they will not lose it. The question is, can the Ukrainians win? The Russians are not going to win, but can the Ukrainians win? And if so, when? And of course, I think we all recognise, and particularly having listened to recently to President Zelensky, that until they get all the weaponry that they're asking for, main battle tanks, self-propelled artillery and the like, they won't be able to mount a proper counter-offensive and crack the Russians. So, long answer, I'm afraid, Kate, to a short question. Ukrainians will not lose this. The Russians cannot win it. What we have to do is help the Ukrainians to win on the battlefield. But we bring other pieces into this chess game, don't we? We bring in China, we bring in Belar...

UK Needs 'Urgent Rethink' on AI Regulation: Researchers Call for Stricter Laws on AI Use Summary: Researchers call for urgent reconsideration of AI regulation in the UK due to increased AI usage. The Ada Lovelace Institute proposes 18 recommendations for trustworthy and accountable AI systems. MI6 chief stresses the importance of human intelligence alongside AI capabilities. The new FIFA game, EA Sports FC 24, incorporates female players across all game modes. Fossil discovery challenges the notion of dinosaur dominance during the Cretaceous period. Early data suggests Meta's Threads platform experiences a slight decrease in user eng...

Summary: England secures a vital 1-0 victory over Denmark , putting them on the brink of reaching the tournament knockout stages. Kira Walsh sustains a serious injury during the match, causing concern among fans and teammates. Lauren James ' early goal lifts England 's spirits, while Denmark 's attempts at equalizing fall short. England 's World Cup chances look promising, and destiny is in their hands for the next round. FIFA's president faces criticism for missing some of the women's World Cup games, despite attending matches in the men's World Cup. ...

Pro-Ukrainian group 'responsible for Nord Stream pipeline attacks' It was the moment the war in Ukraine spread beyond its borders, undersea sabotage on pipelines in the Baltic. The attacks on Nord Stream were blamed by the West at the time in September on Russia. Now Western intelligence is accusing a freelance group of Ukrainians with links to the government in Kiev. Its officials are denying involvement, instead accusing Russia of being responsible. The pipelines were built to carry gas from Russia to Europe via Germany. Leaks were reported on the Nord Stream 2 pipeline first, then a day later more were discovered on Nord Stream 1. Now more than four months later, German intelligence reportedly claims a wealthy Ukrainian, hardy yachts, explosives and divers to launch the attacks. Germany's defence minister was drawing the dots to Kiev, while urging against jumping to c...