Heavy rains and landslides have killed more than 60 people in northern Indian.
China’s saturated ride-hailing sector squeezes drivers
STORY: As China’s job market shrinks, a rush of newcomers is oversaturating gig economy jobs like ride-hailing. It’s eating into the income of existing full-timers like Li Weimin and dragging out his …
China’s Tencent posts weak revenue growth
China’s Tencent Holdings posted a smaller-than-expected 11% rise in second-quarter revenue on Wednesday, as the country’s sputtering economic recovery weighed on the social media and gaming giant’s …
China Scuttles a $5.4 Billion Microchip Deal Led by U.S. Giant Intel
Intel calls off its planned acquisition of Tower Semiconductor, an Israeli chip maker, after waiting in vain for 18 months for a review by Chinese regulators.
China’s defense minister warns against ‘playing with fire’ on Taiwan during Russia meeting
China’s defense minister Li Shangfu on Tuesday warned against “playing with fire” when it comes to Taiwan in a veiled jab at the United States as he addressed a security conference in Russia.
China may ‘miss the 5%’ growth target this year as downside risks spread
Without more stimulus, China is increasingly likely to miss its growth target of around 5% this year, economists said.
China’s economic woes mount as trust firm misses payments, home prices fall
Missed payments on investment products by a leading Chinese trust firm and a fall in home prices have added to worries that China’s deepening property sector crisis is rapidly stifling what little …
China’s Tencent misses expectations despite fastest profit rise since late 2021
Tencent is now starting to see the benefits of the cost-cutting drive it embarked on last year, when it exited non-core businesses and tightened marketing spending. Tencent has now reported three …
Intel Scraps Tower Acquisition After China Fails to Approve Deal
Intel said on Wednesday it would walk away from its more-than-$5 billion proposed acquisition of Israeli chip maker Tower Semiconductor after failing to win regulatory approval for the deal. The deal …
China accuses U.S. intelligence agencies as source behind Wuhan cybersecurity attack
Chinese officials say the July attack on Wuhan Earthquake Monitoring Center targeted sensitive data and revealed a complex malware typically used by U.S. intelligence agencies.