Afghanistan launches irrigation canal to boost farming
Afghan authorities have begun building a 50 million afghani canal in Panjshir province to improve irrigation, support farmers, and create 1,000 jobs, ...
Chinese and Hong Kong stock markets opened the week on a positive note, buoyed by gains in rare-earth and technology sectors, as investor focus shifted to high-stakes US-China trade negotiations set to begin in London.
China's major indices saw modest gains by midday on Monday, with the blue-chip CSI300 and the Shanghai Composite Index both rising 0.2%. Hong Kong’s Hang Seng Index climbed over 1%, surpassing the 24,000 mark for the first time since March 21.
Market sentiment remained cautiously optimistic ahead of a crucial round of U.S.-China trade talks. Senior officials, including U.S. Treasury Secretary Scott Bessent and China’s Vice Premier He Lifeng, are meeting in London to address escalating trade tensions. The meeting follows a direct phone call between President Donald Trump and President Xi Jinping, their first conversation since renewed friction emerged after the Geneva accord.
“The tone from Trump suggests potential for progress,” analysts at China Securities noted, adding that any breakthrough could provide a lift to global markets.
Leading Monday's gains was China’s strategically vital rare-earth sector, up 1.6%, as it is expected to be a central topic in the negotiations. Technology stocks also saw strong momentum in Hong Kong, with the Hang Seng Tech Index surging 2.3% to reach its highest level in nearly three weeks.
Meanwhile, the yuan traded flat, last seen at 7.1872 per dollar.
Despite today’s uptick, Chinese equities have largely moved sideways since April 2, when Trump introduced sweeping tariffs in a move that reignited global trade concerns. The CSI300 has shown minimal change since then, while the Hang Seng Index has gained about 3%, still trailing behind the recovery seen in other major global markets.
On the economic front, China’s consumer prices declined for a fourth consecutive month in May, and producer deflation deepened—highlighting ongoing challenges from trade disputes and a stagnant property sector.
The world’s biggest dance music festival faces an unexpected setback as a fire destroys its main stage, prompting a last-minute response from organisers determined to keep the party alive in Boom, Belgium.
According to the German Research Centre for Geosciences (GFZ), a magnitude 5.7 earthquake struck the Oaxaca region of Mexico on Saturday.
China and the Association of Southeast Asian Nations will send an upgraded ‘version 3.0’ free-trade agreement to their heads of government for approval in October, Chinese Foreign Minister Wang Yi said on Saturday after regional talks in Kuala Lumpur.
A resumption of Iraq’s Kurdish oil exports is not expected in the near term, sources familiar with the matter said on Friday, despite an announcement by Iraq’s federal government a day earlier stating that shipments would resume immediately.
Chinese automaker Chery has denied an industry-ministry audit that disqualified more than $53 million in state incentives for thousands of its electric and hybrid vehicles, insisting it followed official guidance and committed no fraud.
Afghan authorities have begun building a 50 million afghani canal in Panjshir province to improve irrigation, support farmers, and create 1,000 jobs, according to Tolonews.
Ukrainian President Volodymyr Zelenskyy said that he had spoken with British Prime Minister Keir Starmer, noting their shared view on the threat posed by Russia’s attempt “to reduce everything to discussing the impossible.”
Russia’s investment envoy Kirill Dmitriev said on Saturday that certain countries would make “titanic efforts” to derail the meeting between U.S. President Donald Trump and Russian President Vladimir Putin, scheduled for 15 August.
U.S. President Donald Trump has invited newly inaugurated Polish President Karol Nawrocki to the White House for an official working meeting on 3 September, Nawrocki’s chief of cabinet announced on Saturday.
Thousands gathered in Nagasaki on Saturday to commemorate the 80th anniversary of the city’s atomic bombing, with Mayor Shiro Suzuki warning that ongoing global conflicts risk bringing the world to the brink of nuclear war.
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