Author: admin
Contemporary Amperex Technology Ltd (CATL), the world’s biggest maker of electric-vehicle batteries, is set to restart a major lithium mine in eastern China, in a move that could ease raw material costs for the EV supply chain.Jiemian News, a Shanghai-based financial outlet, reported that the Yichun mine in Jiangxi province was expected to receive regulatory approval to resume operations shortly before or after the nine-day Lunar New Year break, which begins on February 15. CATL declined to comment.Lithium is a core ingredient in lithium iron phosphate (LFP) batteries, one of the most widely used chemistries in mass-market electric cars.A restart…
As 2025 prepares to close its financial books, speculation about the year ahead is already echoing loudly across global markets. Robert Kiyosaki, the well-known financial author of the bestselling book Rich Dad Poor Dad, has issued a striking forecast for silver, suggesting its price could surge to $200 an ounce in 2026. Kiyosaki strongly warned against holding cash, arguing that it could lose a significant portion of its value amid rising inflationary pressures and growing global economic risks. His comments followed silver’s recent record-breaking rally, as the white metal continues to register historic levels after surpassing the $70-per-ounce…
Controversial British adult film star Bonnie Blue has again earned the wrath of Indonesia after a video of her insulting the Southeast Asian nation’s flag went viral on social media.In a clip filmed in front of Jakarta’s embassy in London, Blue, who was deported from Bali earlier this month, is seen holding the red-and-white flag surrounded by a group of masked men.“Yes, I got arrested in Bali, and so for my last time, I came to the embassy so they could watch in person,” said the 26-year-old, whose real name is Tia Billinger.As the crowd next to her cheered and…
Chinese sports utility vehicle maker Jetour, with an eye on becoming a global SUV powerhouse, plans to accelerate its overseas expansion in the Middle East with products tailored to local motorists.Already present in more than 100 countries and regions after seven years in operation, Jetour said at a recent fan gathering in Abu Dhabi that it was banking on local research and development (R&D) efforts to design and build world-class SUVs for countries in the Middle East.“We are listening closely to user feedback through product experience,” Jetour said in a written reply to the Post. “We will deliver more than…
Chinese sports utility vehicle maker Jetour, with an eye on becoming a global SUV powerhouse, plans to accelerate its overseas expansion in the Middle East with products tailored to local motorists.Already present in more than 100 countries and regions after seven years in operation, Jetour said at a recent fan gathering in Abu Dhabi that it was banking on local research and development (R&D) efforts to design and build world-class SUVs for countries in the Middle East.“We are listening closely to user feedback through product experience,” Jetour said in a written reply to the Post. “We will deliver more than…
Catch up on some of SCMP’s biggest China military stories of the year. If you would like to see more of our reporting, please consider subscribing.1. China’s most advanced aircraft carrier, the Fujian, enters serviceChina’s third aircraft carrier, the Fujian, entered into service on Wednesday at a grand ceremony in Sanya, Hainan province, according to state media reports on Friday.2. How did China’s J-10C match up to French Rafale in India-Pakistan aerial clash?Reports that France’s advanced Rafale fighter jet came off second best against the China-made J-10C Vigorous Dragon in a dogfight between the Indian and Pakistan air forces on…
VATICAN CITY (AP) — Pope Leo XIV during his first Christmas Day homily on Thursday remembered the people of Gaza “exposed for weeks to rain, wind and cold” and said the world’s many conflicts can only be silenced through dialogue.Leo led the Christmas Day Mass from the central altar beneath the balustrade of St. Peter’s Basilica, adorned with floral garlands and clusters of red poinsettias. White flowers were set at the feet of a statue of Mary, mother of Jesus, whose birth is celebrated on Christmas Day. Recalling that God was made flesh through Jesus’s birth in a manger in…
Pottery vessels containing traces of alcohol from a Bronze Age cemetery in northwestern China indicate that people at the time consumed beverages made using a fermentation starter of rice and a red mould.Archaeologists said the drink, similar to red rice wine, played a key role in their mortuary rituals, and its presence at the Mogou cemetery suggested a tradition that probably served to strengthen the bond between the living and the dead.Researchers from Northwest University in Xian, the Gansu Provincial Institute of Cultural Relics and Archaeology, and Stanford University in California published their findings in the peer-reviewed Journal of Archaeological…
China’s offshore yuan strengthened further on Thursday, dipping below the benchmark rate of seven against the US dollar – another sign of the currency’s continued appreciation after a brief breach of the same threshold on Wednesday evening.The recent fluctuations mark the currency’s first appreciation past the major psychological marker in 15 months, suggesting a change in market sentiment and providing more support for the global investors and economists who have argued the currency has been undervalued.The offshore yuan’s exchange rate reached a high of 6.9960 on Thursday morning, according to figures from Chinese financial data provider Wind, after briefly moving…
The Philippine Supreme Court has upheld the murder conviction of three policemen who killed a teenage boy at the height of former president Rodrigo Duterte’s war on drugs in 2017, a watershed moment that legal analysts say affirms the country’s justice system.In a decision made public on Monday, the court found Arnel Oares, Jeremias Pereda and Jerwin Cruz guilty of murdering 17-year-old high school student Kian delos Santos while conducting an anti-drug operation in the city of Caloocan in Metro Manila.They were each sentenced to 40 years’ jail and would have to pay the teen’s family a total of 275,000…