US bans Chinese labs from testing electronics ahead of Trump-Xi meeting

South China Morning Post - Oct 29, 2026

The United States on Thursday banned all Chinese laboratories from testing electronic devices destined for the US market, just weeks before US President Donald Trump is due to meet Chinese leader Xi Jinping on the sidelines of the Asia-Pacific Economic Cooperation summit in Shenzhen. The Federal Communications Commission (FCC) voted to bar testing laboratories and certification bodies in China and other economies that lack a “mutual recognition agreement” or reciprocal trade agreement with the...

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IMF proposes China’s Min Liao as deputy managing director, Bo Li to exit in November
Oct 29, 2026
IMF proposes China’s Min Liao as deputy managing director, Bo Li to exit in November

The International Monetary Fund has nominated Min Liao, China’s Vice Minister of Finance, for Deputy Managing Director. His appointment follows the term expiration of Bo Li, which ends on November 30, 2026. Liao has extensive experience in financial regulation and macroeconomic governance, contributing to global economic policy coordination. He has played significant roles in various financial institutions since beginning his career.

Jensen Huang lists three countries that may lead manufacturing and advanced technology, and neither US or India are in that list
Oct 29, 2026
Jensen Huang lists three countries that may lead manufacturing and advanced technology, and neither US or India are in that list

Nvidia CEO Jensen Huang has named Germany, Japan and China as three countries with strong positions in advanced manufacturing, citing China’s integration of computing and industrial production. He also said US export restrictions had accelerated China’s semiconductor ambitions, while maintaining that American technology companies were prepared to compete globally.

Dean of valuation Aswath Damodaran pegs Anthropic's worth at $1.475 trillion ahead of mega IPO
Oct 29, 2026
Dean of valuation Aswath Damodaran pegs Anthropic's worth at $1.475 trillion ahead of mega IPO

Aswath Damodaran values Anthropic at $1.475 trillion ahead of its anticipated IPO, but warns that compute costs, slowing revenue growth, and competition could alter its outlook. His scenarios range from a negative $373 billion to $4.04 trillion in equity value.

China promotes General Zhang Shengmin, a key player in PLA anti-graft drive, to Politburo
Oct 29, 2026
China promotes General Zhang Shengmin, a key player in PLA anti-graft drive, to Politburo

Beijing has promoted General Zhang Shengmin, the key player in the recent anti-corruption campaign that has cut deep into the military’s top leadership, to its top decision-making body, the Politburo. Zhang, who was last year promoted to vice-chair of the Central Military Commission (CMC), the top command body, was the military’s anti-corruption chief from 2018 until July this year, and is the top enforcer in Beijing’s fight against corruption in the People’s Liberation Army. That drive left the...

Hegseth pitches new US-Asean defence framework, but doubts run deep
Oct 29, 2026
Hegseth pitches new US-Asean defence framework, but doubts run deep

What are Southeast Asian nations doing to help the United States tackle its challenges? A reporter with the American right-wing organisation Turning Point USA put the question bluntly to US President Donald Trump’s defence chief this week in the Philippines. As US Defence Secretary Pete Hegseth pitched closer naval ties and maritime security cooperation at a gathering of defence ministers from the Association of Southeast Asian Nations (Asean) and other regional powers, the question injected...

Abolish LTCG, rationalise STCG, STT rates on equities: PHDCCI to Finance Ministry
Oct 29, 2026
Abolish LTCG, rationalise STCG, STT rates on equities: PHDCCI to Finance Ministry

PHDCCI has recommended abolishing Long Term Capital Gains tax and modifying short-term capital gains taxes. The chamber suggests increasing the holding period for long-term investments to attract genuine investors. It emphasizes that current tax structures discourage investment due to double taxation on equities. Foreign Portfolio Investors have withdrawn significant funds from Indian equities, impacting investment levels. Government analysis of these recommendations may lead to changes in tax policy and structure.

Global Market: Japanese investors extend foreign bond selling streak to six weeks
Oct 29, 2026
Global Market: Japanese investors extend foreign bond selling streak to six weeks

Japanese investors extended their selling streak in foreign long-term bonds to six weeks, although falling US Treasury yields slowed outflows. Meanwhile, they increased short-term bill purchases and foreign stock investments, while overseas investors returned to Japanese equities.

85 homebuyers purchase flats in Ghaziabad society, two towers illegally constructed on defence land face demolition, Allahabad HC orders builder to refund residents with 10% interest
Oct 29, 2026
85 homebuyers purchase flats in Ghaziabad society, two towers illegally constructed on defence land face demolition, Allahabad HC orders builder to refund residents with 10% interest

Allahabad High Court has ordered the demolition of two illegal 10-storey towers at Ghaziabad's Gulmohar Greens and extra floors in four other towers. It directed an FIR against Friends Land Developers, imposed a Rs 25 lakh penalty and ordered refunds to 85 ground-floor residents for common areas sold illegally, with 10% interest.

BLS Polymers IPO sees strong demand, SFC Environmental Tech nears full subscription on closing day
Oct 29, 2026
BLS Polymers IPO sees strong demand, SFC Environmental Tech nears full subscription on closing day

At 1:18 pm, BLS Polymers IPO was subscribed 115.52x, led by NIIs, while at 1:21 pm, SFC Environmental Technologies IPO was subscribed 0.91x, with NIIs showing the strongest demand

In 2026, Texas deployed 400 tons of concrete railroad ties off Port O’Connor; the material was arranged into two piles at an artificial reef site
Oct 29, 2026
In 2026, Texas deployed 400 tons of concrete railroad ties off Port O’Connor; the material was arranged into two piles at an artificial reef site

In April 2026, Texas took a significant step by deploying 400 tonnes of concrete railroad ties to form two artificial reef piles. This project is designed to transform the flat bottom of the Gulf into a thriving habitat for marine life. Researchers are closely examining how these artificial reefs influence fish communities, with valid concerns about potential fish migration from other regions.

ISRO to launch NVS-03 navigation satellite on October 30: Why the mission is crucial for NavIC
Oct 29, 2026
ISRO to launch NVS-03 navigation satellite on October 30: Why the mission is crucial for NavIC

On October 30, ISRO will launch the NVS-03 navigation satellite using its GSLV-F18 rocket. This mission aims to enhance the Navigation with Indian Constellation (NavIC) system, which currently struggles with aging satellites and insufficient atomic clocks. Successful deployment of NVS-03 is crucial for reviving reliable positioning services in India, with future launches, NVS-04 and NVS-05, planned to further solidify the system's dependability.

Odisha refunds Rs 69.23 crore in admission fees to 1.11 lakh college students
Oct 29, 2026
Odisha refunds Rs 69.23 crore in admission fees to 1.11 lakh college students

Odisha has refunded Rs 69.23 crore in college admission fees to over 1.11 lakh students. This refund is part of the Gyanodaya - Shiksha Ru Samruddhi scheme implemented for the 2026-27 academic session. Higher Education Minister Suryabanshi Suraj advised students to check their bank accounts for the refund. Students who did not receive the money can update their bank details for transfer.

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