chinese yuan

Chinese AI startup DeepSeek has slashed the price of its V4-Pro model by 75%, making advanced AI integration significantly cheaper for developers. This drastic price reduction is attributed to the increased availability of Huawei's Ascend 950 chips, allowing DeepSeek to optimize its software on local silicon and bypass costly, restricted Nvidia hardware.

China is implementing stringent new regulations for its influencer economy. Content creators discussing sensitive topics like health and law will need verified professional qualifications. Platforms must also ensure AI-generated content is clearly disclosed. This move aims to elevate information standards, though concerns linger about potential impacts on public discourse.

Elon Musk’s little son, X Æ A-Xii (aka Lil X), was spotted carrying a tiger-head bag, which instantly went viral on Chinese social media. Let’s find out why.

President Trump's China visit occurs amid a US-Iran stalemate, with analysts suggesting Xi Jinping holds more leverage. Many in Beijing view Trump as a symptom of liberal democracy's instability and American decline, validating Xi's "rise of the East" worldview. This perception of US weakness could lead China to miscalculate and test Washington.

A 78-year-old Shanghai man, fearing loneliness, lived in a supermarket for a decade despite owning an apartment. A nanny's care led him to bequeath his property for lifelong support, igniting a debate on family, caregiving, and emotional bonds beyond blood ties.

President Trump's visit to China is overshadowed by the Iran War, which has disrupted global energy supplies and impacted his approval ratings. While trade and Taiwan remain on the agenda, the protracted conflict in Iran presents a significant challenge, with the US struggling to achieve its war aims and facing a decline in superpower status.

While the US and Israel engaged in conflict with Iran, China quietly leveraged the situation to expand its influence. By positioning itself as a diplomatic alternative and stabilizing energy supplies, Beijing benefited from a weakened American strategic position and growing uncertainty about US reliability among allies.

The PM wants us to use public transport, shift to electric vehicles, work from home, take fewer vacations abroad, and reduce gold purchases. The reason isn't as sudden as you might think

The United States has stepped up efforts to restrict Iranian oil exports, a major source of revenue for Tehran. Late last month, the Treasury Department’s Office of Foreign Assets Control imposed sanctions on Hengli, targeting one of the most prominent and well-connected companies in China’s large crude-processing sector.

Until now, the United States had largely focused its efforts on smaller Chinese companies and facilities in an attempt to curb Iran’s oil revenues, partly to avoid broader economic and diplomatic consequences.

India's INS Dhruv plays a crucial role in tracking long-range missile tests over the Bay of Bengal and Indian Ocean. This advanced vessel gathers vital telemetry data, aids in anti-ballistic missile system development, and provides early warning against hypersonic threats. Its capabilities also extend to monitoring Low Earth Orbit satellites, offering a significant strategic advantage to the nation's armed forces.

Amazon has opened its first smart warehouse in Shenzhen, China, to support cross-border sellers. This new Global Warehousing and Distribution center aims to streamline logistics and reduce storage costs by up to 45% for Chinese merchants shipping to the US. The move intensifies competition with platforms like Shein and Temu amidst evolving global e-commerce dynamics and regulatory changes.

The UAE has requested a US financial safety net amid concerns that an Iran war could severely damage its economy and investor confidence. Talks included a currency-swap line proposal, as the UAE fears needing to use other currencies for transactions if dollar shortages arise.

Several Chinese airlines, including national carrier Air China, said they will raise their fuel surcharges on domestic flights from Sunday as the war in the Middle East drives up oil prices globally. Several other airlines, including Air France-KLM, Air India, Qantas, and SAS, have raised their fares to reflect the increase in jet fuel prices.

Louis Vuitton has unveiled a men's handbag shaped like a watering can, a quirky addition to their Spring/Summer collection themed 'Nurturing Growth'.

A wife in Xinjiang suspected her husband of cheating. She secretly tied herself to the back of his moving truck to follow him. Traffic police spotted her dangerous ride and intervened. The incident highlights extreme jealousy and trust issues in relationships. The husband faced a fine and points deduction for not checking his truck.

The chinese yuan is making deeper inroads as a currency of choice for global payments, with international transactions climbing to their highest level ever.

Pakistan says it has reached a deal with Iran to move 20 ships through the Strait of Hormuz. Trump has even acknowledged it. But limited ships and mounting hurdles raise questions over whether it is logistically feasible

For the first time in recent memory, foreign exchange units in Kolkata have stopped transactions in chinese yuan, a currency that was being bought and sold in impressive volumes till the novel coronavirus outbreak brought an abrupt end to trading around 10 days ago.

Zimbabwe has announced it will soon adopt the chinese yuan as the main currency for use. Zimbabwe is the first country apart from China to use the yuan as its currency in the domestic market; it has been the legal tender along with the US dollar and South African Rand for the last couple of years.

The government on Thursday allowed companies to raise chinese yuan denominated debt for the first time and raised the overseas borrowing limit for companies aimed at attracting capital inflows against the backdrop of a slowing global economy.