The China Mail - Economy

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India Introduces Four-Layer Motor Insurance Structure for Private Vehicles

India's insurance regulator has introduced a new four-layer structure for motor insurance policies covering private cars and two-wheelers. The move, effective December 15, 2026, aims to provide vehicle owners with greater clarity and choice in selecting coverage options beyond the mandatory third-party liability.

Mutual fund returns show shifting leaders across market-cap categories

Equity mutual funds are classified into different categories based on their investments across market capitalisations, primarily large-cap, mid-cap, and small-cap funds. Large-cap funds invest in well-established companies that tend to be relatively less volatile, while mid-cap funds focus on medium-sized companies.

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Stocks advance as inflation slows

Stocks advanced Friday as data showed inflation slowing in the eurozone and the United States, and a UK economy performing slightly better than thought.

Racism claims against ex-England captain Vaughan 'not proved'

Former England cricket captain Michael Vaughan has been cleared "on the balance of probabilities" of using racist language before a Yorkshire match in 2009.

Erdogan embarks on his toughest election test

President Recep Tayyip Erdogan travels to the heart of Turkey's earthquake disaster zone on Friday to formally kick off the toughest election campaign of his two-decade rule.

Eurozone inflation slows sharply in March as energy costs drop

Inflation in the eurozone slowed more sharply than expected in March but food prices jumped even as energy costs declined, official data showed Friday.

UK recession risks linger despite brighter growth data

The UK economy performed slightly better than thought in the final quarter of last year, revised data showed Friday, but analysts warned of recession risks as inflation remains sky high.

European equities extend gains on inflation slowdown

Europe's stock markets advanced Friday on news of slowing eurozone inflation and a UK economy performing slightly better than thought.

Huawei reports huge drop in profits; Meng appointed chair

Huawei posted a massive drop in 2022 profits on Friday, as the company battered by US sanctions appointed its CEO's daughter to be its rotating chair.

Small store is lifeline for locals in war-torn Ukraine

With pink-painted walls, the small general store stocks a little bit of everything -- from cheese to cigarettes to shampoo -- providing a lifeline to local residents and soldiers.

Eurozone inflation falls sharply to 6.9% in March

Inflation in the eurozone slowed more sharply than expected in March but food prices jumped even as energy costs eased, official data showed Friday.

LGBTQ Ugandans desperately seek safety from anti-gay law

"They are going to arrest us because I cannot pretend to be what I am not," said Alex, a gay man in Uganda, where MPs last week passed what has been criticised as among the world's harshest anti-gay legislation.

Huawei reports huge drop in profits as US sanctions bite

Huawei's profits fell almost 69 percent last year, the company said Friday, as US sanctions and international economic uncertainty bit into the Chinese tech giant's earnings.

Pirates kidnap some crew from Danish ship in Gulf of Guinea

Pirates who seized a Danish oil tanker off Congo last week have abandoned the ship and taken some crew members with them, while the rest were found in good health, the ship's owner said Friday.

France's CGT union elects first woman as chief amid protests

France's CGT trade union federation on Friday elected surprise candidate Sophie Binet as secretary general, making her the first woman to hold the post since the body's creation in 1895, senior members told AFP.

Divided over Ukraine, Bulgaria votes for fifth time in two years

Bulgarians head to the polls on Sunday for the fifth time in two years, with the EU's poorest member -- traditionally close to Moscow -- divided over the invasion of Ukraine.

China manufacturing slows in March, services growth hits 12-yr high

China's manufacturing activity slowed in March, official figures showed Friday, while growth in the services and construction sectors surged to a 12-year high.

Japan unveils export control plans for chip equipment

Japan on Friday unveiled plans to control exports of 23 items used to make semiconductors, following US pressure for countries to impose restrictions to contain China.

Big E3 videogame expo in US is canceled

Sponsors of E3, a long-running videogame trade show, pulled the plug on its 2023 gathering, announcing on the event's website Thursday they will "reevaluate" the future of the expo.

UK claims post-Brexit win by sealing trans-Pacific trade pact membership

The UK will join 11 other countries in a major Asia-Pacific trade partnership, Prime Minister Rishi Sunak announced Friday, in the country's biggest post-Brexit trade deal following nearly two years of talks.

Markets build on gains as bank, rate concerns ease

Most Asian markets built on a global rally Friday as worries about the banking sector fade and traders grow optimistic central banks are near the end of their interest rate hiking cycle.

Oscar Pistorius: Olympian hero turned disgraced killer

At the 2012 London Olympics, before 80,000 roaring fans and a constellation of camera flashes, it took Oscar Pistorius 45.44 seconds to become a global icon.

In US, men unravel stereotypes -- by knitting

Knitting has surged in popularity once again in the United States in this age of pandemics and self-care.

Panama sees record number of US-bound migrant kids

The number of US-bound children who crossed the dangerous Darien Gap between Panama and Colombia exploded by a record sevenfold in the past year, authorities said.

Vatican rejects doctrine used to justify colonial abuse

The Catholic Church took a fresh step Thursday in acknowledging abuse endured by Indigenous peoples with the Vatican formally rejecting 15th-century papal edicts that empowered Europeans to colonise non-Christian lands.

Man buys NY's iconic Flatiron building at auction, then backs out

The investor whose $190 million auction bid won him the world-famous Flatiron Building failed to complete the transaction, and the Manhattan skyscraper may go back on the block if a runner-up also forgoes purchasing rights, a broker said Thursday.

Tweeters, and celebs, await 'blue tick' ultimatum

All eyes are on whether Elon Musk will go through with stripping blue checkmarks from celebrities and other high-profile Twitter users starting April 1 unless they pay for the privilege.

Hat tip: Italy's Borsalino fedoras are back putting on the style

Humphrey Bogart, Michael Jackson and Al Capone had one thing in common. All were fans of the Borsalino fedora hat, which is now enjoying a comeback.

Stock markets climb as traders weigh interest rates outlook

Stock markets mostly moved higher on Thursday as banking sector worries eased and traders weighed central banks' interest rate plans in the wake of recent turmoil.

'Sorry Charles!' French unions mark king's absence with banner

French unions on Thursday unfurled a giant banner opposite English shores to goad Britain's King Charles III after his first foreign state visit to France was cancelled.

Swiss court convicts four bankers over Putin cellist funds

Four bankers from a Russian bank's Swiss branch have been found guilty by a Zurich court over vast sums going into the accounts of a close confidant of President Vladimir Putin.

Once a pioneer in e-scooters, Paris contemplates banning them

Residents of Paris are set to vote on Sunday on whether to banish electric scooters for rent from the streets of the French capital, in what would be a world-first for a major city.

Stock markets mostly rise as traders weigh interest rates outlook

Asian and European markets mostly rose Thursday following a recent run-up, with banking sector worries easing and traders weighing central banks' interest rate plans in the wake of recent turmoil.

Russia detains Wall Street Journal reporter on espionage charge

A US journalist working for the Wall Street Journal has been arrested in Russia on charges of spying for Washington, Russia's FSB security services said on Thursday.

The China Mail - Economy (English)