SINGAPORE – China’s Zhipu AI is ramping up its overseas expansion through a partnership with Alibaba Cloud, an executive said on Wednesday, as the startup prepares for an initial public offering. The …
Monthly Archives For April 2025
Trump tariffs live updates: Trump says China tariffs won’t stay at 145%, Bessent hints at deescalation
It won’t be zero. It used to be zero.” Trump’s comments came after Bessent told investors in a closed-door summit Tuesday that he sees …
Why is the crypto market up today?
The crypto market saw an uptick on Tuesday, rising over 5% as major assets took noted gains. Bitcoin rallied above $93,000 for the first time since March 6, with top altcoins Ethereum, XRP and Solana…
CNBC’s The China Connection newsletter: U.S. regulatory scrutiny fans Chinese stock delisting fears
A comment from U.S. Treasury Secretary Scott Bessent has reignited fears on Wall Street about a forced delisting of Chinese stocks from U.S. exchanges.
Cathay Pacific expects lower US-China air cargo demand from tariffs impact
Cathay Pacific Airways , one of Asia’s largest air freight carriers, expects air cargo demand between mainland China and the U.S. to soften as tit-for-tat tariff hikes between Washington and Beijing take hold,
BYD unveils new luxury sports car as carmakers vie for attention at China’s largest auto show
Chinese electric vehicle giant BYD has already beaten out long-standing frontrunner Tesla in sales of electrified vehicles. And now it’s coming for luxury sports cars.
Trump says tariff on China will ‘come down substantially’ from 145 percent
President Trump said Tuesday that the hefty tariff rate on China will significantly be reduced after he negotiates with Chinese President Xi Jinping, expressing optimism about a trade deal. “145 …
Trump says won’t fire Fed chief, signals China tariffs will come down
Donald Trump said Tuesday he had no intention of firing the chair of the US Federal Reserve and signalled a “substantial” lowering of tariffs on China — moves that brought relief to global markets …
Bridge collapses in Beijing but no casualties reported
Parts of the bridge were damaged after a fire broke out Wednesday morning, the commission said. Traffic was stopped in both directions, and the fire was later put out. Authorities were investigating …
China reveals new team of astronauts for space station launch
China announced Wednesday the members of a three-person crew that will be launched to its space station as part of its growing exploration of space.
Rupee to dip as dollar rally stoked by Trump’s Fed comments, US-China optimism
The rupee is likely to open weaker on Wednesday, pressured by the dollar index rallying after U.S. President Trump walked back his threat to oust the Federal Reserve Chair and on hopes that U.S.-China trade…
How China dominates the automotive industry, leading Western manufacturers to imitate it
The Shanghai Auto Show, which opens on Wednesday, highlights China’s dominance in the global automotive industry, particularly in electric vehicles and smart technology.
China Man Reunites With Son After 22 Years, Urges Him To Leave Adoptive Family, But Gets Blocked Online
A Chinese man who recently reunited with his son after 22 years, then urged him to leave his wealthy adoptive family and call him “dad”, has been blocked online by his biological offspring.
