It is certain that the Chinese government was 'under-prepared' as it decided to end its zero-COVID policy abruptly after people held protests across the country, The Hong Kong Post reported.
The epidemiologist estimates that more than 60 per cent of China and 10 per cent of Earth's population are likely to be infected over the next 90 days with deaths likely in the millions.
It said that the transit was "ongoing" and that there had been "no interference from foreign military forces so far."
The International Olympic Committee has been advised by the World Health Organization that there is no case for contingency plans to cancel or relocate the Tokyo 2020 Olympics over the coronavirus outbreak, the IOC's Coordination Commission head said on Friday.
'Although Hong Kong weathered many a storm and displayed a remarkable resilience to bounce back, the developments in the territory have raised question marks with regard to its future stability and prosperity.' A revealing excerpt from Rup Narayan Das's Hong Kong Conundrum: Pangs of Transition.
China on Tuesday warned the United States that it will pay a 'heavy price' for its attempts to show support to Taiwan's independence as a delegation of ex-American defence officials dispatched by President Joe Biden landed in Taipei amid apprehensions that Beijing may attempt action against the self-ruled island akin to Russia's military assault in Ukraine.
In the last five years, imports from HK have more than tripled -- from $5.6 billion in FY15 to $17.1 billion in FY20. In the same period, exports declined by 20 per cent -- from $13.6 billion in FY15 to $10.8 billion (annualised) in FY20.
The Omicron variant of Covid-19 adds new uncertainties to the global economic outlook but much will depend on its speed of transmission, hospitalisation and death rates, and also the effectiveness of vaccines, Moody's Analytics said on Monday. In its commentary titled 'Much to Learn About Omicronast', Moody's Analytics said although the variant appears to spread "remarkably quickly", it will be at least two more weeks before more will be known about this new variant. "The Omicron variant of COVID-19 adds new measures of uncertainty to the outlook for the global economy, although it is too soon to adequately quantify that risk.
China's national health commission said 39,452 new cases were reported on Monday, including 36,304 local asymptomatic cases, as authorities scrambled to contain the fresh surge in infections.
On the Sensex chart, Titan, SBI, L&T, IndusInd Bank, Ultratech Cement, HDFC Bank and Asian Paints were top gainers. Sensex settled up by 380.21 points at its all-time closing high of 47,353.75. The NSE Nifty ended 123.95 points at 13,873.20.
India on Sunday announced temporary suspension of e-visa facility for Chinese travellers and foreigners residing in the neighbouring country and issued a fresh advisory saying anyone with travel history to China since January 15 can be quarantined.
Billionaire Mukesh Ambani's oil-to-telecom conglomerate Reliance Industries Ltd slipped 59 places to rank 155th on the 2021 Fortune Global 500 list released on Monday. Reliance took a beating on the rankings as revenues dropped owing to the COVID-19 pandemic. This is its lowest ranking since 2017. Walmart continues to top the Fortune list with a revenue of $524 billion, followed by China's State Grid at $384 billion.
Taiwan says it detected multiple Chinese aircraft and naval vessels taking part in military drills around the Taiwan Strait on Saturday, in what could be a possible simulated attack against the island.
The 'One-China' policy states that Taiwan and Tibet are part of China's mainland.
In what is seen as the first sign of China's exasperation over Russia's Ukraine war, Chinese President Xi Jinping on Thursday raised 'questions and concerns' over the conflict in his meeting in Samarkand with Russian President Vladimir Putin who thanked Beijing for its 'balanced position' on the crisis.
On the Sensex chart, Bajaj Finance, HUL, RIL, ONGC and HDFC emerged as the top gainers.
Gold, which was hovering around $1,321 an ounce in January 2019, has already breached $1,600 per ounce in the past few sessions to a seven-year high.
The unpopular extradition bill would have allowed the transfer of suspects to places with which Hong Kong did not have an extradition agreement including mainland China for trial.
'It is only when Beijing sees a country with an infirm political will such as India that it acts up as the PLA has done in eastern Ladakh.'
China and Hong Kong have had to withdraw from this week's Badminton Asia Team Championships in Manila due to the coronavirus outbreak. India will, however, send its men's team after they agreed to travel to Manila.
The Badminton World Federation (BWF) has said that it will not restrict Chinese players from participating in international competitions due to the coronavirus epidemic. Over 550 people have died in mainland China due to the flu-like virus after it first emerged in Wuhan, Hubei province, late last year and it has also shut down Chinese cities and forced thousands more into quarantine around the world.
On Monday, however, protestors agreed to move to a space near the legislative council, the government headquarters, which enabled the authorities to reopen the streets for traffic.
Nearly half of the investments by various US-based investors have been made in Reliance subsidiary Jio.
The World Health Organization on Thursday had said that a sharp rise in reported COVID-19, (official name for coronavirus) cases in China was due to a change in counting methods and it did not represent a big shift in the epidemic.
India fails to feature in the top 300 World University Rankings 2020 list.
Two members of the Haas Formula One team and one from McLaren were quarantined in Melbourne on Wednesday as a precaution amid coronavirus fears ahead of Sunday's season-opening Australian Grand Prix. McLaren said one team member had self-isolated in the team hotel as a precaution for showing 'coronavirus-like symptoms'.
Hellenic Olympic Committee President Spyros Capralos told reporters a meeting had been held with a Greek health risk management company to be ready 'in case anything happens'.
In 2020-2021, the amount of foreign direct investment into India from China and Hong Kong plummeted to just $200 million -- its lowest in the recent past. In the first half of 2021-2022, FDI investments through these two nations stood at just $36 million.
International commercial property markets have reacted to the increased uncertainty in the global economy in late 2011 and early 2012 with varying degrees of resilience.
An independent Taiwan under President Tsai Ing-wen's Democratic Progressive Party is anathema to China, observes Rup Narayan Das.
Zuckerberg will be in India on October 28.
The Indian troops deployed there are mentally prepared for tackling the weather and terrain. In contrast, the Chinese troops deployed along the Line of Actual Control (LAC) are not used to these conditions as they have been brought from mainland China and are not accustomed to high altitude extreme cold weather conditions.
According to research firm Counterpoint, Apple was one of the fastest-growing brands in India during the December quarter. This was driven by multiple price cuts on its XR device, thanks to local manufacturing in India, it had said. It added that the rollout of new iPhones (11 series), aggressive pricing and a good channel strategy was helping Apple gain market share in India.
Since the Centre tightened the Press Note 3 norms in April last, as many as 150 private equity/venture capital investment applications from China and Hong Kong are pending with the government, starving the country's start-up ecosystem of funds, says a report. The Press Note 3 (PN3) changes were effected in April, restricting foreign direct investment from countries that share land borders with India. Analysts are of the view that the move was primarily aimed at China as lot of private funds were investing billions into domestic companies.
The new PN3 norms and lack of clarity on what constitutes beneficial ownership are the primary reasons for the decline in investments from China and Hong Kong.
Sources say the Mark Zuckerberg-led company wants to ensure there are no issues in its investment in the subsidiary of Reliance Industries and has roped in one of the Big Four consultancy firms to advise it on how the new "beneficial ownership" norms would apply to the proposed investment in Jio.
Global Times, the Chinese Communist Party government's mouthpiece, said that the broadcaster is responsible "for falsified reporting" on China's handling of the coronavirus in the country.
The overall confirmed cases on the Chinese mainland has reached 44,653 by the end of Tuesday and 1,113 people has died of the disease.
Unperturbed by the recent arrest of 21 Indians for allegedly smuggling diamonds from Hong Kong to mainland China, Indian diamond jewellery manufacturers continue to actively explore the potential in the market of that vast country.
Apart from such advisory, IT biggies such as TCS, Infosys and HCL Tech among others have been pursuing 'remote working' model to overcome the situation.
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