China’s northwestern desert has been told to brace for big floods this summer. The warning comes after the Taklamakan Desert, the country’s largest sandy area, saw its first flood of the year in early June. Video shows water pouring over dunes that usually stay dry. Heat is a major culprit. In m
SpaceX’s public debut on Thursday raised $75 billion, putting the company’s valuation at about $1. 5 trillion. That jump pushes Elon Musk past a trillion dollars in net worth, making him the first person ever to reach that figure. The record‑breaking offering shows how eager investors are to back Mu
China has begun drawing on its commercial oil stocks to counter the shortage caused by the war in Iran. The country’s biggest buyer of petroleum is also cutting refinery output and limiting fuel exports to keep the situation stable. Experts estimate that China will pull about one million barrels
SpaceX is about to make history by launching what could be the biggest initial public offering of the year, with a price tag of $1. 77 trillion—putting it in the same league as Apple and Microsoft. The hype around Elon Musk’s name alone has investors buzzing, but behind the numbers, there’s real ske
China has spent decades building a powerful weapons industry. The country now appears in the top five worldwide when it comes to selling military gear, according to a respected global tracker. Yet the real story is more nuanced than those numbers suggest. A key problem is that China’s armaments hav
China’s President Xi Jinping is heading to North Korea this week for talks with Kim Jong Un, marking his first visit in seven years. According to North Korea’s official newspaper, Xi plans to strengthen ties between the two countries and push back against what he calls "hegemony" and military threat
China rolled out a national price‑cut program for drugs in 2016 to make cancer treatments cheaper and easier to get. The plan has helped more people buy life‑saving medicines, but it is not working equally across the country. In a recent study researchers looked at how well patients in different
China has pulled back on buying crude oil, with imports falling to a decade‑old low in May. The drop is driven by weak global demand, fewer refinery runs, and the country’s ability to tap into its large stockpiles. Because many refineries are running at lower capacity, China does not need to buy as
China sharply rebuked the trip of Czech Senate President Milos Vystrcil to Taiwan, claiming it violated Prague’s official stance and meddled in Beijing’s domestic matters. Vystrcil, a member of the centre‑right ODS party, headed a business delegation that will meet Taiwan’s President Lai Ching‑te
SpaceX’s upcoming stock launch has sparked a small but active betting game in crypto circles. Instead of waiting for the official public offering, some traders are using special crypto contracts to guess the company’s future stock price. These contracts, called perpetual futures, don’t have an end d
