Rescuers guided all of the remaining trekkers near the east face of Everest in Tibet to safety, including hundreds of local guides and yak herders, authorities said, ending one of the largest search-and-rescue operations in the region. Hundreds of hikers were stranded in deep snow over the weekend in the isolated Karma valley after an unusually powerful blizzard dumped heavy snowfall in the region. Snow fell throughout Saturday in the valley, which lies at an average altitude of 4,200m (13,800ft). On Sunday, rescuers had guided about 350 hikers to safety.…
Day: October 7, 2025
Vietnam upgraded to emerging market status by FTSE Russell
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Vietnam has been upgraded to emerging market status by an index provider for the first time, in a move that could bring in billions of dollars of investment into the country’s equity markets. FTSE Russell cited Vietnam’s improvements to settlement of trades in its decision to elevate the country to a list of so-called secondary emerging markets, which includes China, India and Indonesia. The status will take effect next September,…
After China’s high-speed rail investment, Indonesia wants more. What about debt?
On Bali, an island thick with beach tourists, surfing instructor Amri Anjulius is holding out for a 60km (37.3-mile) urban subway to relieve pressure on a maze of two-lane streets, where cars crawl and motor scooters weave between them. Advertisement Like many Indonesians, he believes China will be at the forefront of efforts to expand the travel network across the archipelago nation’s 6,000 inhabited islands, home to 285 million people. That confidence stems from China’s role in building Southeast Asia’s first high-speed railway on Java, the world’s most populous island.…
Japanese stocks blossom ahead of time
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Politicians seldom turn out to be exactly what they promised, but that does not stop investors hoping for the best. Japanese stocks have jumped since Sanae Takaichi’s surprise weekend party victory put her on course for the country’s premiership later this month. The reality of a “Takaichi trade” though, neatly alliterative though the term is, is likely to be more nuanced. The premise behind this week’s near 5 per cent…
China’s fourth plenum poised for highest Central Committee turnover in 8 years
Advertisement These changes are expected either due to ongoing corruption investigations or because some officials have passed away, marking a new high in turnover since 2017. The fourth plenum is one of seven typically held during each five-year term of the Central Committee. The coming edition is expected to be held between October 20 and 23 in Beijing and will focus on outlining the next five-year plan. The present committee was formed at the 20th party congress in 2022, with 205 full and 171 alternate members. Three members were replaced…
US lawmakers push expanded chip export curbs on China
A bipartisan group of American lawmakers is pushing for a “dramatic” expansion of export controls on chip manufacturing equipment to China and alignment from US allies in restrictions, according to a report released on Tuesday. Advertisement Their efforts come amid concern that US President Donald Trump is compromising national security in pursuit of a trade deal with China, as advocates of tougher technology restrictions fear being sidelined by the growing influence of the tech industry. “If we are serious about limiting Chinese semiconductor advancement, countrywide technology controls are the only…
China is on the move for Golden Week. But are tourists spending?
For Chen Xinlong and his wife, a trip to the world’s biggest gambling hub of Macau is a highlight of China’s Golden Week holiday this year — but the idea of spending money with abandon only goes so far. Chen, a 39-year-old vegetable farmer from Fujian province, said the couple had decided to stay overnight in Zhuhai, the mainland city bordering Macau, to take advantage of its cheaper hotels. “It’s relatively expensive here,” he said of the former Portuguese colony. Through China’s eight-day public holiday this week, there has been…
China’s Golden Week tourism shows little sign of spending splurge
For Chen Xinlong and his wife, a trip to the world’s biggest gambling hub of Macau is a highlight of China’s Golden Week holiday this year — but the idea of spending money with abandon only goes so far. Chen, a 39-year-old vegetable farmer from Fujian province, said the couple had decided to stay overnight in Zhuhai, the mainland city bordering Macau, to take advantage of its cheaper hotels. “It’s relatively expensive here,” he said of the former Portuguese colony. Through China’s eight-day public holiday this week, there has been…
BMW cuts profit guidance after China sales fall short of expectations
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. BMW on Tuesday cut its full-year profit guidance after sales in China came in “below expectations”, highlighting the struggle of premium European carmakers to hold their own against Chinese competitors. The Munich-based company said it now expected its profit before tax for 2025 to be slightly below last year’s level of €10.97bn — having previously expected the figure to be flat. Higher than anticipated tariff costs and financial support for…
BMW cuts profit guidance after weak sales in China
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. BMW on Tuesday cut its full year profit guidance after sales in China came in “below expectations”, highlighting the struggle of premium European carmakers to hold their own against Chinese competitors. The Munich-based company said it now expected its profit before tax for 2025 to be slightly below last year’s level of €10.97bn — having previously expected the figure to be flat. Higher than anticipated tariff costs and financial support…