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Posted on October 18, 2024

Global stocks up after China shares rally, gold at all-time high

Global shares edged higher on Friday, spurred by a rally in Chinese stocks on Beijing’s latest policy steps to boost demand and also supported by robust U.S. economic data out this week. MSCI’s index of global stocks edged up around a quarter of a percent,
Posted on October 18, 2024

India made ‘horrific mistake’ in violating Canada’s sovereignty, Trudeau says

India made a “horrific mistake” by attempting to violate Canada’s sovereignty, Prime Minister Justine Trudeau said.
Posted on October 18, 2024

How did a killing at a Sikh temple lead to Canada and India expelling each other’s diplomats?

Nijjar was fatally shot in his pickup truck in June 2023 after he left the Sikh temple he led in the city of Surrey, British Columbia. An Indian-born citizen of Canada, he owned a plumbing business …
Posted on October 18, 2024

In India, Some Doctors Go on Hunger Strike to Protest Killing of Colleague

Six were subsisting only on water and were admitted into the hospital after a multiday fast to demand justice for the brutal rape and killing of a medical resident.
Posted on October 18, 2024

China’s Quantum Computer Scientists Crack Military-Grade Encryption

A Shanghai University research team warns of a “real and substantial threat,” but one analyst says the media hype is “misleading.”
Posted on October 18, 2024

China’s Lackluster Growth Continues, Signaling Why Beijing Acted on Economy

Falling prices, weak consumer spending and a housing market crash help to explain why the Chinese government is taking steps to stimulate the economy.
Posted on October 18, 2024

China’s Ballistic Missile Launch Site Discovered by Researchers

China does not normally test-launch its nuclear missiles on the island of Hainan, which faces the South China Sea.
Posted on October 18, 2024

China’s Major Commercial Banks Cut Deposit Rates Again

Major Chinese banks have cut their deposit rates, a move that could help ease pressure on lenders’ profits.
Posted on October 18, 2024

IMF’s Georgieva Says China Can No Longer Rely on Exports for Growth

WASHINGTON (Reuters) – International Monetary Fund Managing Director Kristalina Georgieva told Reuters on Thursday that China is too large to continue relying on exports to drive its economy and faces …
Posted on October 18, 2024

McKinsey Revamps Its China Operations Amid New Risks

The consulting firm is cutting back on state-linked clients and is working to separate its China operations …

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