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Wall Street banks cut China’s growth forecast after dull second quarter

Wall Street banks cut China’s growth forecast after dull second quarter

Jul 17, 2023 | Asia, Economy

By Aniruddha Ghosh and Roshan Abraham (Reuters) -J.P.Morgan, Morgan Stanley and Citigroup trimmed China’s growth forecast for 2023 after the country’s economy grew at a weaker pace in the second quarter, with its post-COVID momentum unravelling rapidly....
Microsoft says Chinese hackers used code flaw to steal emails from US agencies

Microsoft says Chinese hackers used code flaw to steal emails from US agencies

Jul 17, 2023 | Asia, Business, Technology, US

By Raphael Satter WASHINGTON (Reuters) -Microsoft said on Friday that Chinese hackers misappropriated one of its digital keys and used a flaw in the company’s code to steal emails from U.S. government agencies and other clients. The company said in a blog post...
China’s Xiaomi bets bigger on India retail stores amid Samsung rivalry

China’s Xiaomi bets bigger on India retail stores amid Samsung rivalry

Jul 16, 2023 | Asia, Business, Economy, Europe, Politics, Technology, Top News

By Aditya Kalra NEW DELHI (Reuters) -China’s Xiaomi will focus on boosting its India sales from retail outlets after years of big bets on e-commerce, its India president said, as the company seeks to revive smartphone sales after falling behind South...
Yellen ‘eager’ to work with China on debt, other global challenges

Yellen ‘eager’ to work with China on debt, other global challenges

Jul 16, 2023 | Africa, Asia, Business, Economy, Environment, Europe, Politics, Top News

By David Lawder and Aftab Ahmed GANDHINAGAR, India (Reuters) -U.S. Treasury Secretary Janet Yellen said on Sunday she was “eager” to work with China on areas of mutual interest, including debt restructurings for poorer countries, and that multilateral...
China, Russia to start joint air and sea drill in Sea of Japan

China, Russia to start joint air and sea drill in Sea of Japan

Jul 16, 2023 | Asia, Europe, Politics, Top News, US

By Yew Lun Tian BEIJING (Reuters) – A Chinese naval flotilla set off on Sunday to join Russian naval and air forces in the Sea of Japan in an exercise aimed at “safeguarding the security of strategic waterways”, according to China’s defence...
Microsoft under fire after hacks of US State and Commerce departments

Microsoft under fire after hacks of US State and Commerce departments

Jul 13, 2023 | Asia, Business, Technology, Top News, US

By Raphael Satter WASHINGTON (Reuters) – In late June, one of cybersecurity expert Steven Adair’s clients got an alert from Microsoft: one of the client’s employees working on human rights issues had their email account compromised. The client wanted...
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