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Chinese vice premier meets with Apple executive chairman
Chinese Vice Premier He Lifeng, also a member of the Political Bureau of the Communist Party of China Central Committee, met with Tim Cook, executive chairman of the board of directors of Apple Inc., at the Great Hall of the People in Beijing on Monday.
US Stock Market today: Reasons behind S&P 500, Nasdaq fall in Wall Street, top, worst performing sectors, stocks
US Stock Market update: Micron Technology fell 3.9 per cent, Advanced Micro Devices dropped 2.3 per cent, Broadcom slid 1.9 per cent and Nvidia gave up 1.3 per cent.
Noel Tata, SDTT get until Oct 19 to respond to Venu Srinivasan, Vijay Singh complaint
Maharashtra Charity Commissioner has mandated that Sir Dorabji Tata Trust respond to governance allegations by October 19. Trust members Venu Srinivasan and Vijay Singh have raised concerns over governance lapses. They questioned the trust's recent involvement in Tata Sons' commercial decisions and Noel Tata's role as trustee. Seven Tata Trusts have filed caveats in response to the growing governance dispute.
Mallika Srinivasan, Lakshmi Venu seek fair TVS family assets' division; MoU covers brand rights, management
Mallika Srinivasan and her daughter, Lakshmi Venu, look for a fair resolution regarding family wealth disputes. Their disagreement involves Venu Srinivasan and Sudarshan Venu concerning wealth distribution within the TVS Group. They emphasize that no equitable settlement has been reached despite ongoing discussions. The family believes transparent valuations and mutual consent are necessary for resolution. Management roles and economic ownership must be clearly distinguished in their negotiations.
Eye on the price: Retail inflation at 5.54% in September, most on new base
India's retail inflation increased to 5.54% year-on-year in September, the highest since January. This rise is attributed to higher food prices, particularly onions and other essentials. Economists predict inflation could approach 6% in the coming months, influencing upcoming policy decisions. The Reserve Bank of India has indicated a likelihood of rate hikes due to ongoing price pressures. Rural areas experienced sharper inflation increases, outpacing urban regions this month.
Alcaraz exits Shanghai Masters in straight-sets loss
Seven-times Grand Slam champion Carlos Alcaraz suffered a shock 7-5 7-6(4) defeat by unseeded Belgian Zizou Bergs in the Shanghai Masters round of 32 on Monday, a result that also confirmed Alexander Zverev as the ATP's year-end world number one. Fresh from defending his Japan Open title and building momentum after a wrist injury that sidelined him for nearly five months, Alcaraz never found his rhythm in a scrappy two-hour, two-minute contest. The second-seeded Spaniard joined 24-times Grand Slam champion Novak Djokovic and US Open runner-up Ben Shelton among the high-profile casualties at the ATP Masters 1000 event. Bergs produced a composed all-court performance, thriving in the quick conditions as the 27-year-old broke Alcaraz's serve three times to clinch the biggest victory of his career. Bergs had lost their only previous meeting, falling to Alcaraz in the last 16 of last year's Japan Open, but showed no signs of intimidation as he outplayed the 23-year-old in key moments. "I often have too much respect for these guys, which is part of my culture and I'm proud of that. But it gets a little bit in the way when you have to play them," Bergs said. "The more experience you have practising against them and playing matches, the more it becomes the new standard a little bit. To have this moment, for me it is a little bit of a relief. I feel like now I really can win against these guys." Alcaraz conceded he was below his best. "I didn't play the way that I wanted to play. A lot of mistakes. I didn't find a good position on the return," Alcaraz said. "Obviously, credit to him. I would say he served really well. "But when I got into the rhythm, when I got into the point, I made a lot of mistakes. I wasn't feeling comfortable with my shots. So, I'm really disappointed with today's match because I didn't find the solution. I just made a lot of unforced errors." The upset also guaranteed French Open and US Open champion Zverev, 29, the ATP's year-end world number one ranking, making him the first German and the oldest first-time player to achieve the feat. Zverev's rise to year-end number one was aided by the absence of five-times Grand Slam champion Jannik Sinner, who has not played since beating the German in the Wimbledon final in July due to a knee injury and will miss the rest of the season, including the ATP Finals in Turin. "It's been a fantastic season for me winning in Paris and New York and knowing that I will finish the year on top of the rankings is just a dream come true," said Zverev, who will face Kazakhstan's 19th seed Alexander Bublik in the round of 16 in Shanghai. "So much work and effort have been put into achieving this goal, especially after coming back from the ankle injury (at the 2022 French Open semi-finals)."I look forward to finishing the season in style." (Reuters) Edited by Cecil Wong
From laser shields to iPhone detectors: inside China’s booming secrecy industry
A group of Chinese officials are in the middle of a highly sensitive meeting involving critical decisions yet to be made behind closed doors, with documents stamped “classified” spread across the table. Suddenly, an invisible laser beams into the room, sweeping across a glass window and allowing the contents of the meeting to be transmitted elsewhere. China’s Ministry of State Security laid out this seemingly futuristic scenario six months ago, warning government departments and other entities...