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A London flotation by Chinese online titan Shein will bolster FTSE 100
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A pipe feeding China’s highest waterfall is discovered by a hiker
A controversy surrounding a waterfall in China has triggered a social media storm, which has even prompted an explanation from the water body. A hiker uploaded a video demonstrating that the water flowing from Yuntai Mountain Waterfall, which is touted as China's tallest uninterrupted waterfall, was sourced from a conduit affixed to the rock face. Since its initial posting on Monday, the film has garnered over 70,000 likes.
Chang’e-6 first to obtain lunar samples from far side
According to officials, the investigation was successful in collecting soil and rocks, as well as in displaying the Chinese flag. The Chang'e-6 is scheduled to return to its berth on June 25. After becoming the first probe to retrieve samples from the moon's far side, a Chinese spacecraft is currently en route to Earth. The China National Space Administration reported that the Chang'e-6 embarked on its return journey shortly after 12.30 a.m. UK time on Tuesday.
US-China detente tested by Asia Pacific domination bid
Lloyd Austin, the United States' defence minister, has lauded a "new era of security" in the Asia Pacific, emphasizing that the region remains a significant strategic priority for the United States. A senior Chinese military official swiftly rebuked this statement. Austin issued the statement one Saturday following a critical meeting in Singapore with his Chinese counterpart, Dong Jun. During the meeting, the two leaders resolved to reestablish military-to-military communications to alleviate the increasing tensions between the world's two largest economies.
Yunhe Wang charged with running ‘largest ever’ malware network
The eradication of a global network of 19 million infected computers, which was employed to facilitate and conceal cybercrimes such as fraud, identity theft, and child exploitation, has been announced by authorities in the United States. On Wednesday, the US Department of Justice announced that Yunhe Wang, 35, was apprehended on Friday for purportedly operating the botnet known as "911 S5".
Taiwan’s new president urges China to stop hostilities
As the newly inaugurated president of Taiwan, Lai Ching-te demanded that China "cease their political and military intimidation against Taiwan" and prevent further war from engulfing the international community. Lai assumed the presidency on Monday morning at the presidential office constructed in central Taipei during the Japanese colonial era. Tsai Ing-wen's relations with Beijing deteriorated during her eight years in office.
US tariffs on Chinese imports benefit whom? The experts weigh in
This week, the United States and China fired their latest salvo in the ongoing trade war, a move that coincides with a heated campaign for the White House. On Tuesday, US President Joe Biden announced $18 billion in tariff increases on imports of various Chinese products. Lithium-ion batteries comprise $13 billion of the overall imports, with medical gloves and syringes, in addition to specific steel and aluminum products, accounting for the remaining $5 billion.
After alleged jail release, Chinese citizen journalist worries
There is increasing apprehension regarding the welfare of a highly regarded citizen journalist in China who has been unable to establish communication with the international community since her scheduled release from prison. In May 2020, citizen journalist Zhang Zhan, a lawyer who turned 40, was apprehended following her expedition to Wuhan to document the initial stages of the COVID-19 pandemic. Her social media posts and videos brought to light the severe lockdowns being enforced and the government's suppression of information regarding the disease's transmission.
Biden imposes 100% tariff on Chinese EVs
President Joe Biden of the United States has announced a 100 percent tariff on electric vehicles manufactured in China as part of a series of measures intended to protect American manufacturers from cheap imports. In a move that is likely to escalate trade tensions between the two largest economies in the world, the White House announced that it would impose stricter restrictions on $18 billion worth of Chinese products.
Clean energy nearing fossil fuel phaseout
For the first time this year, renewable energy will reduce fossil fuels' dominant share in the global electricity market. This is the primary conclusion of Ember, a prominent London-based energy think tank, which published its first comprehensive Global Electricity Review analyzing data from 215 countries on Wednesday.
A Chinese projectile departs for the far side of the Moon
A purported global first, China has launched a probe to collect samples from the far side of the Moon. The Chang'e-6 probe was deployed from the Wenchang Space Launch Center atop an unmanned rocket at approximately 17:27 local time (10:27 BST). The objective of the 53-day mission is to return to Earth for analysis of approximately two kilograms of lunar samples.
A London flotation by Chinese online titan Shein will bolster FTSE 100
When the Chinese online colossus Shein announces that it will float its shares in London, the FTSE 100 is anticipated to receive a boost as soon as the following month. In the wake of the fashion group's chairman Donald Tang's visit to the United Kingdom last month, Labour's shadow business secretary Johnny Reynolds, and Chancellor Jeremy Hunt have expressed their support for a blockbuster share offer.
What follows pro-China Maldives leader, massive win?
The decisive victory of Maldivian President Mohamed Muizzu's party in Sunday's parliamentary elections was not anticipated by many. This individual's victory in the presidential election the year prior was due to an accident. During that period, the 45-year-old mayor of the capital Male abruptly registered as a proxy candidate for the presidency, after the opposition leader, former President Abdulla Yameen, was disqualified from running by the Supreme Court on account of a bribery conviction.