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Chinese stocks edge up to seven-month high

Chinese stocks edge up to seven-month high

Chinese stocks were supported amid choppy trades as investors awaited the monthly US nonfarm payroll data. China's Shanghai Composite index added 0.18% to 3,461.15 as the Trump administration lifted recent export license requirements for chip design software sales in China. The overall mood still remains positive for the Chinese equities and the benchmark index has hit seven-month high now, marking a gain of around 3% over last one month.
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US launches new AIM-260 missile to counter Chinese PL-17, India betting on Russian R-37, who will win the race?
US launches new AIM-260 missile to counter Chinese PL-17, India betting on Russian R-37, who will win the race?

India.com

time2 hours ago

  • India.com

US launches new AIM-260 missile to counter Chinese PL-17, India betting on Russian R-37, who will win the race?

(REUTERS/File) New Delhi: The use of Chinese PL-15 air to air missile was seen in the recent India-Pakistan conflict. According to reports, China is currently working on PL-17 and PL-21 air to air missiles, whose capability will be much more than PL-15. At the same time, America has started working on AIM-260 to counter this power of China while India has decided to bet on Russian R-37. The main purpose of these missiles is to destroy the enemy's Airborne Early Warning System (AEW&C) aircraft, tanker aircraft and stealth fighter planes from a very long distance. What is AIM-260 missile? The US Navy and Air Force have sought about $670.5 million in purchase funding and $687 million in research and development funding for the AIM-260 air-to-air missile in the 2026 budget proposal. This will be the next variant of the AIM-120 AMRAAM missile. According to reports, the AIM-260 will include a ramjet or dual-pulse rocket motor, multi-mode seeker (infrared + active radar), two-way data link and electronic warfare resistant system, which will make it highly lethal and modern. The report said that it will first be used in America's F-22 Raptor fighter aircraft, but in future it will also be integrated into fighter aircraft like F-35 and F-15EX. The main purpose of AIM-260 is to develop the ability to attack from a longer distance against China's PL series missiles like PL-15, PL-17 and PL-21. AIM-260 vs PL-17 Missiles. When was AIM-260 conceptualised? It is claimed that with the double-seeker design, both the missile's accuracy and resistance to electronic warfare will be greatly enhanced. In addition, it will make it easier to target targets stealthily with a reduced radar footprint. That is, the US is preparing to integrate it into its stealth fighter aircraft. In February 2025, the US Navy publicly revealed the rendering of the next-generation long-range AIM-260, which gave many details about the external and guidance sections of the missile. Where does PL series stand? On the other hand, after the PL-15, China has now focused on extremely long-range air-to-air missiles like the PL-17 and PL-21. The PL-17 has been seen on the J-17 fighter jet and its range is believed to be around 400 kilometers, which is more than any current US missile. The guidance system of PL-17 includes inertial navigation, satellite guidance, data link and active radar seeker in the terminal phase. This missile has the capability to shoot down enemy AEW&C platforms like Boeing E-3D or Wedgetail without coming face to face. Recently, China had given PL-15 missiles to Pakistan, which it used against India. After this conflict, the demand for air to air missiles has increased further in the world. China's People's Liberation Army (PLA) is developing very long range air to air missiles (VLRAAM) which can attack targets from a long distance. What about India? Russia is not behind in this ongoing race between China and America. Russia's R-37M missile already has the capability to strike from 150 to 400 km. This is also a BVR i.e. Beyond Visual Range missile. Russia designed this missile primarily for the MiG-31 interceptor, but now it is also being installed in aircraft like Su-30SM, Su-35S and Su-57. R-37M has advanced technologies like dual-pulse rocket motor, mid-course targeting update and dual-band radar seeker. By using it in the Ukraine war, Russia has been very successful in keeping Ukrainian fighters away from the battlefield. The Eurasian Times report says that India is talking to Russia to buy R-37M air to air missile. Russia has proposed to India to produce this missile in India itself under Make in India. At present the talks are going on. The report says that India will integrate it in its SU-30MKI fighter aircraft.

America 'accuses' one of China's largest technology company: You plotted to steal our trade secrets and ...
America 'accuses' one of China's largest technology company: You plotted to steal our trade secrets and ...

Time of India

time2 hours ago

  • Time of India

America 'accuses' one of China's largest technology company: You plotted to steal our trade secrets and ...

Representative AI image A U.S. federal judge has reportedly ruled that Huawei Technologies , China's leading telecommunications equipment manufacturer, must face a sweeping 16-count indictment accusing the company of stealing trade secrets, racketeering, wire and bank fraud, and violating U.S. sanctions . U.S. District Judge Ann Donnelly rejected Huawei's motion to dismiss the charges, calling the company's arguments premature in a 52-page ruling, according to court documents. According to a report by news agency AP, the U.S. Justice Department (DoJ) alleges that Huawei and its subsidiaries engaged in a concerted effort to steal American trade secrets, installed surveillance equipment that aided Iran in monitoring protesters during 2009 anti-government demonstrations, and conducted business in North Korea despite U.S. sanctions. The 2019 indictment also charged Huawei with using a Hong Kong shell company, Skycom, to sell equipment to Iran in violation of sanctions, and accused its chief financial officer, Meng Wanzhou , of misleading HSBC about Huawei's Iranian dealings. Arrest of Huawei founder's daughter in Canada Meng, the daughter of Huawei's founder, was arrested in Canada in 2018 on a U.S. extradition request but was released in 2021 as part of a prisoner swap that freed two Canadians detained by China. Huawei did not immediately respond to requests for comment on the ruling. The case, which intensified during former President Donald Trump's administration, saw the U.S. raise national security concerns and urge Western allies to exclude Huawei from their high-speed wireless networks. Chinese officials have countered, accusing the U.S. of 'economic bullying' and using national security as a pretext to suppress Chinese companies. Huawei's legal team argued the allegations were vague and some charges improperly applied U.S. law extraterritorially. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like An engineer reveals: One simple trick to get internet without a subscription Techno Mag Learn More Undo Facing U.S. sanctions that have restricted access to American processor chips and technology, Huawei, the world's largest network gear maker, has pivoted to developing its own chips and focusing on the Chinese market. The company has also expanded into network technology for hospitals, factories, and other industrial sectors less affected by U.S. restrictions. The ruling sets the stage for a high-profile legal battle as Huawei confronts the serious allegations in the U.S. federal court.

Trump's 'Big Beautiful Bill' sparks a midterm showdown: Who gains the upper hand — Republicans or Democrats?
Trump's 'Big Beautiful Bill' sparks a midterm showdown: Who gains the upper hand — Republicans or Democrats?

Time of India

time2 hours ago

  • Time of India

Trump's 'Big Beautiful Bill' sparks a midterm showdown: Who gains the upper hand — Republicans or Democrats?

GOP Celebrates Legislative Victory as Fulfilling Mandate Live Events Democrats Highlight Social Cuts, Seek Messaging Reset Divided Public Opinion Clouds Political Impact Echoes of 2018 or a New Political Terrain? Trump Signals Campaign Strategy for Midterms FAQs What is Trump's Megabill? When do the Medicaid work requirements take effect? (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel With the passage of President Donald Trump's sweeping tax and policy package, the political spotlight now shifts to the 2026 midterm elections . As Republicans hail the legislation as a triumph of conservative governance, Democrats are mobilizing against what they describe as a broad assault on social safety nets. The measure, dubbed Trump's Megabill, is poised to become a defining issue in the upcoming electoral $4.5 trillion legislative package, which includes permanent tax code changes, border security expansion, and controversial cuts to Medicaid and food assistance programs, has not only reshaped policy but also reignited fierce partisan debate — one that both parties believe could shape control of Congress next Trump showcased the bill's passage at a rally in Iowa, declaring it the fulfillment of his 2024 campaign promises. 'Every major promise I made to the people of Iowa in 2024 became a promise kept,' Trump told a cheering Republican leadership, still navigating internal divisions, has largely coalesced around the megabill, viewing it as a major legislative win. It codifies Trump's earlier tax reforms and adds new measures such as tax exemptions on tips and a senior citizen tax deduction of $6,000 for those earning up to $75,000 annually.'This bill is not only about taxes — it's about showing voters we can deliver on our agenda,' said Mark Bednar, a Republican strategist and former aide to House Speaker Kevin McCarthy. 'The GOP should lean into this, especially as we approach the August recess and 2026 campaign cycle.'Democrats, reeling from setbacks in previous elections, see the bill as an opportunity to reframe the political conversation. Trump's Megabill, they argue, prioritises wealthy Americans and corporations while slashing lifelines for vulnerable Minority Leader Hakeem Jeffries, D-N.Y., delivered an impassioned nine-hour speech on the House floor, highlighting individuals affected by proposed Medicaid and SNAP reductions. 'Shame on the people who've decided to launch that kind of all-out assault on the health and the well-being of everyday Americans,' he sai, as quoted in a report by ABC to estimates by the Congressional Budget Office, the bill will eliminate health coverage for 12 million Americans and strip 3 million of food stamp benefits over the next decade. The CBO also projected a $3.4 trillion increase in the national deficit as a result of the policy data reflects the public's ambivalence. A June Quinnipiac poll found that just 29% of voters supported the bill, while 55% opposed it. Another Fox News survey showed similar trends, with 59% against and only 38% in favour. Notably, nearly half of those polled felt the bill would negatively affect their own on work requirements for Medicaid recipients remain more evenly split: 47% support the provision, while 46% oppose it, as per a report by ABC strategists on both sides believe the real electoral implications will depend on how effectively the parties communicate the bill's provisions and consequences to voters. 'It's going to be crucial for Democrats to explain the long-term impact of Medicaid cuts and rising debt,' said Dan Sena, a Democratic strategist who ran the party's 2018 congressional have drawn parallels to 2018, when public backlash over GOP tax reforms and failed attempts to repeal Obamacare helped them reclaim the House. However, analysts caution that the 2026 midterms present a different the time, Republicans were defending 25 districts won by Hillary Clinton. Today, just 13 Democrats hold seats in districts carried by Trump, while only three Republicans represent districts won by Vice President Kamala some moderate Democrats have cautiously endorsed elements of Trump's Megabill, including the no-tax-on-tips provision, complicating efforts to present a unified meanwhile, are showing a more consolidated front under Trump's leadership. While dissent did emerge — notably from Senator Thom Tillis, R-N.C., who opposed the Medicaid changes — such resistance remains isolated. After voting against the bill, Tillis announced he would not seek re-election, following reported pressure from Trump Trump made it clear during his Iowa rally that he intends to use the megabill as a campaign centrepiece. 'With all of the things we did with the tax cuts and rebuilding our military, not one Democrat voted for us," he said. "And I think we use it in the campaign that's coming up — the midterms, because we've got to beat them."Trump's Megabill is a $4.5 trillion legislative package recently passed by the U.S. Congress. It includes permanent tax reforms, expanded border security, and significant cuts to Medicaid and food assistance programs like in 2027, states must verify that 'able-bodied' Medicaid recipients work at least 80 hours per month, unless exempted (e.g., students, caregivers, disabled individuals). Parents of children over 13 will also be subject to these checks.

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