Asian stock exchanges largely gained ground Friday, after the Bank of Japan abstained from a rate hike, and following overnight gains in peer stocks in US and European markets. Hong Kong and Tokyo ... ( read original story ...)
China unveils submarine detection tech with 12-mile underwater range
Groundbreaking detection technology can allegedly identify submarines at a distance of nearly 12 miles underwater, with the potential to extend this range to over 31 miles. ( read original story ...)
Elon Musk Tells Tesla Shanghai Team To Help ‘Anyone In Distress’ After Chinese Mega City Gets Hit By Most Powerful Typhoon In 75 Years
Elon Musk has directed Tesla's Shanghai team to assist those affected by Typhoon Bebinca, the most powerful storm to hit the city in 75 years, which caused widespread damage and evacuations. ( read original story ...)
‘Typhoon Pulasan’: Second typhoon hits Shanghai days after a historic storm
Shanghai was hit by major flooding on Friday as Typhoon Pulasan made landfall in the Fengxian district with wind speeds of 83 km/h. This came just after the city was recovering from Typhoon Bebinca. ( read original story ...)
Is life getting better for China’s tech billionaires?
Having navigated a government crackdown on billionaires, tech tycoon Pony Ma is once again the richest person in China. Could spring be coming for the country’s private sector? ( read original story ...)
People’s Bank of China unexpectedly holds LPR rates steady in September
The People’s Bank of China kept its one- and five-year loan prime rates unchanged at 3.35% and 3.85%, respectively, on Friday, as expected, to help the economy recover. Both rates remain at record ... ( read original story ...)
Back-to-back storms batter Shanghai
Back-to-back storms have slammed into eastern China, drenching the financial hub of Shanghai especially hard. Typhoon Bebinca, ... ( read original story ...)