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  • Oil edges up from lows on Chinese demand hopes, tanker delays Dec 07, 2022 07:19 PM IST

    Oil edges up from lows on Chinese demand hopes, tanker delays

    Brent Crude was up 20 cents, or 0.3%, at $79.55 a barrel by 1300 GMT. It touched $77.74 earlier, the lowest since Jan. 3. U.S. crude added 22 cents, or 0.3%, to $74.47 and earlier touched $72.75, the lowest since late December.

  • Chinese bank under fire for bizarre promotion involving toilet paper and elderly customers Dec 07, 2022 04:29 PM IST

    Chinese bank under fire for bizarre promotion involving toilet paper and elderly customers

    The bank, in central China’s Hubei province, offered customers free tissues if they managed to pull out tissues from a giant roll within five seconds.

  • Tesla launches in Thailand, vying to compete with China EVs Dec 07, 2022 04:21 PM IST

    Tesla launches in Thailand, vying to compete with China EVs

    The company staged a glitzy showcase of its plans Wednesday at Bangkok’s Siam Paragon mall. Online purchases have begun, with plans to deliver vehicles to buyers in the first quarter of next year.

  • China COVID policy: Major changes in further easing Dec 07, 2022 01:06 PM IST

    China COVID policy: Major changes in further easing

    Rules covering quarantine, people movement, lockdowns and testing were loosened, and other aspects of policy were also adjusted.

  • China considers GDP target of about 5% as focus shifts to growth Dec 07, 2022 11:51 AM IST

    China considers GDP target of about 5% as focus shifts to growth

    Beijing is adopting a more pro-growth stance now after months of economic turmoil triggered by record Covid outbreaks and a property market crisis.

  • China eases Covid restrictions in major shift in virus policy Dec 07, 2022 11:40 AM IST

    China eases Covid restrictions in major shift in virus policy

    The 10 new measures include accelerating vaccination among the elderly and forbidding local officials to designate large areas, like entire housing compounds, as high-risk.

  • Chinese economic growth may never recover from COVID, here's why Dec 07, 2022 11:36 AM IST

    Chinese economic growth may never recover from COVID, here's why

    Sporadic protests have erupted all over China in recent weeks, triggered by the deaths of ten people in a fire in an apartment block in Ürümchi, Xinjiang in November.

  • China allows COVID cases with no or mild symptoms to quarantine at home Dec 07, 2022 11:32 AM IST

    China allows COVID cases with no or mild symptoms to quarantine at home

    Most of the cases are asymptomatic infections and mild cases, with no special treatment required, the National Health Commission said in a statement.

  • Tesla offers additional discount to Chinese buyers on some models Dec 07, 2022 10:44 AM IST

    Tesla offers additional discount to Chinese buyers on some models

    This comes in addition to a previously announced 4,000 yuan insurance subsidy, but is only applicable for customers buying a current car model and completing delivery by the end of December.

  • China's November imports, exports plunge owing to Covid rules Dec 07, 2022 09:11 AM IST

    China's November imports, exports plunge owing to Covid rules

    Beijing's strict zero-Covid policy of snap lockdowns, travel curbs and daily mass testing has left businesses reeling, disrupted supply chains and dampened consumption.

  • China to ease quarantine, unnecessary testing in new Covid moves Dec 07, 2022 08:36 AM IST

    China to ease quarantine, unnecessary testing in new Covid moves

    In one of the key changes to be announced this week, low-risk patients who test positive will be allowed to quarantine at home instead of being sent to an isolation facility, the people said, asking not to be named because they’re not authorized to speak publicly. PCR testing will also be dialed back except for high-risk groups, they said.

  • China to optimise epidemic prevention and control next year Dec 07, 2022 08:31 AM IST

    China to optimise epidemic prevention and control next year

    China will focus on stabilising growth, employment and prices while preventing and defusing major systemic risks, the Xinhua news agency reported on Wednesday, after the 24-member political bureau, or politburo, chaired by President Xi Jinping met on Tuesday to discuss the economic tasks for next year.

  • India holds up export of 27,000 Vivo phones in clash with China Dec 07, 2022 07:22 AM IST

    India holds up export of 27,000 Vivo phones in clash with China

    The shipment is worth nearly $15 million, according to one of the people. The people declined to be named as the matter is not public.

  • Oil prices fall on economic fears, dollar strength Dec 06, 2022 07:07 PM IST

    Oil prices fall on economic fears, dollar strength

    Brent Crude futures fell $1.21, or $1.46%, to $81.47 a barrel by 1254 GMT. West Texas Intermediate crude (WTI) fell $1.18, or $1.53%, to $75.75. Brent had risen by over $1 in Asian trading.

  • Oil prices fall on higher U.S. dollar, economic fears Dec 06, 2022 04:47 PM IST

    Oil prices fall on higher U.S. dollar, economic fears

    Brent Crude futures fell 90 cents, or $1.09%, to $81.78 a barrel by 1055 GMT. West Texas Intermediate crude (WTI) fell 79 cents, or $1.03%, to $76.14.

  • Border situation with China, 'misuse' of agencies, inflation to dominate Winter Session Dec 06, 2022 04:33 PM IST

    Border situation with China, 'misuse' of agencies, inflation to dominate Winter Session

    The results of the assembly elections in Gujarat and Himachal Pradesh are also likely to play out during the start of the session.

  • Chinese President Xi Jinping hails late Jiang Zemin's leadership, contributions at memorial meeting Dec 06, 2022 03:31 PM IST

    Chinese President Xi Jinping hails late Jiang Zemin's leadership, contributions at memorial meeting

    Jiang gave up his last official title in 2004 but remained a force behind the scenes in the wrangling that led to the rise of current President Xi, who took power in 2012.

  • Chinese rush to stock up antigen kits, medicines as COVID prevention curbs ease Dec 06, 2022 02:53 PM IST

    Chinese rush to stock up antigen kits, medicines as COVID prevention curbs ease

    Shandong-based pharmaceutical company Buchang Pharma told local news outlet Cailianshe that its factory making a Chinese medicine for lung disease was working around the clock due to "huge demand".

  • India scouting to become Apple's iPad next manufacturing hub, say reports Dec 06, 2022 10:57 AM IST

    India scouting to become Apple's iPad next manufacturing hub, say reports

    Following nationwide protests that have taken place over the past two weeks in response to Beijing's tough zero-Covid policy, the tech giant announced plans to diversify more of its supply chain away from China.

  • Beijing city relaxes Covid-19 test norms following widespread protests Dec 06, 2022 10:56 AM IST

    Beijing city relaxes Covid-19 test norms following widespread protests

    As per the new announcement, negative nucleic acid test results are no longer required to enter shopping malls, supermarkets, commercial buildings and residential compounds.

  • China says US nuclear weapons report is speculation Dec 06, 2022 10:34 AM IST

    China says US nuclear weapons report is speculation

    The Pentagon said in a report last month that China would likely have a stockpile of 1,500 nuclear warheads by 2035 if it continues with its current pace of its nuclear buildup.

  • China set to ease COVID curbs further as markets cheer change of tack Dec 06, 2022 07:23 AM IST

    China set to ease COVID curbs further as markets cheer change of tack

    Three years into the pandemic, China's zero-tolerance measures, from shut borders to frequent lockdowns, contrast sharply with the rest of the world, which has largely decided to live with the virus.

  • India is values partner, not replacement for China: German foreign minister Annalena Baerbock Dec 05, 2022 03:36 PM IST

    India is values partner, not replacement for China: German foreign minister Annalena Baerbock

    Asked whether she saw India as a replacement partner for China, Baerbock said no, adding that India had always been a partner for Germany and the European Union.

  • China may announce 10 new COVID measures on December 7: Sources Dec 05, 2022 02:01 PM IST

    China may announce 10 new COVID measures on December 7: Sources

    China may eventually downgrade its management of COVID-19 as a top-level Category A infectious disease to a less strict Category B disease as early as January, the sources said on Monday.

  • Analysis | Protests over Zero-Covid policy unlikely to trigger political change in China Dec 05, 2022 01:55 PM IST

    Analysis | Protests over Zero-Covid policy unlikely to trigger political change in China

    Xi Jinping is caught in a bind. Letting protestors go scot-free might encourage similar or bolder protests in the future. But cracking down on them will worsen the current situation