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As economic split-screens go, surging Chinese stocks are one for the ages. On one, Shanghai shares are testing 10-year highs as the market races past the S&P 500 and other top global bourses. On the other, an underlying economy is struggling under the weight of a deflation-generating property crisis, weak household demand and an aging population. The disconnect, though, isn’t turning off the Shanghai bulls. This is, in part, thanks to optimism that President Xi Jinping’s Communist Party is going all-in on artificial intelligence investment. Xi’s pledge to put China at the forefront of global AI penetration, even using the…

The guard of honor of the Chinese People’s Liberation Army escorting flags of the Party, the nation and the PLA, passing through Tiananmen Square during a parade on Sept. 3, 2025 in Beijing, China.Vcg | Visual China Group | Getty ImagesBEIJING — Chinese President Xi Jinping said Wednesday that the world was facing a choice of “peace or war” and “dialogues or confrontation” as the country hosts its largest military parade commemorating the 80th anniversary of the end of World War II.The speech came as U.S. President Donald Trump in a post on Truth Social urged the Chinese leader to…

BEIJING (AP) — Russian President Vladimir Putin and North Korean leader Kim Jong Un have met to begin bilateral talks in Beijing.The two leaders met formally at the Diaoyutai state guest house after attending a major military parade in the heart of the Chinese capital that marked the 80th anniversary of the end of World War II.Putin and Kim traveled from a formal reception to the negotiations in the same car, the Kremlin said in a post on social media.Speaking in front of journalists as the meeting began, Putin praised the bravery and heroism North Korean soldiers who fought alongside…

TUOLUMNE COUNTY, Calif. (AP) — A wildfire in California burned thousands of acres Tuesday, damaging homes and prompting evacuations in Chinese Camp, a historic gold-mining town. This is a photo gallery curated by AP photo editors. Residents work to stop flames from a burning home from spreading to a neighboring house as the 6-5 Fire burns through the Chinese Camp community of Tuolumne County, Calif., on Tuesday, Sept. 2, 2025. (AP Photo/Noah Berger) Residents work to stop flames from a burning home from spreading to a neighboring house as the 6-5 Fire burns through the Chinese Camp community of Tuolumne…

TUOLUMNE COUNTY, Calif. (AP) — A quick-moving wildfire scorched thousands of acres Tuesday and burned homes in a California Gold Rush town settled around 1850 by Chinese miners who were driven out of a nearby camp.The fire rapidly grew to 6.25 square miles (16.1 square kilometers) in size, forcing the evacuation of the Chinese Camp Town and surrounding highways, according to CalFire, the state’s chief fire agency. There were no immediate reports of injuries or deaths, but the fire remained uncontained Tuesday nightAt least five homes were burning in the rural town, which has a mix of freestanding and mobile…

QUETTA, Pakistan (AP) — A suicide bomber blew himself up outside a stadium Tuesday night as supporters of a nationalist party were leaving a rally in insurgency-hit southwest Pakistan, killing at least 13 people and wounding 30 others, police and hospital officials said Wednesday.Local police chief Majeed Qaisrani said the blast occurred near a graveyard close to the stadium on the outskirts of Quetta, the capital of Balochistan province. The body parts of the attacker were recovered, he said.Waseem Baig, a spokesman for a government hospital, said it had received 13 bodies and dozens of wounded, some in critical condition.There…

DUBAI, United Arab Emirates (AP) — Construction work has intensified on a major new structure at a facility key to Israel’s long-suspected atomic weapons program, according to satellite images analyzed by experts. They say it could be a new reactor or a facility to assemble nuclear arms — but secrecy shrouding the program makes it difficult to know for sure.The work at the Shimon Peres Negev Nuclear Research Center near the city of Dimona will renew questions about Israel’s widely believed status as the Mideast’s only nuclear-armed state.It could also draw international criticism, especially since it comes after Israel and…

China isn’t buying any new-crop US soybeans and it’s easy to understand why. As part of the crossfire in the latest battle of the US-China trade war, China imposed a 20% retaliatory tariff on American beans. Actually, it’s more like 34% after including various taxes. China, then, naturally prefers to fill its considerable soybean needs from Brazil. American growers are left praying their president will make a deal restoring Chinese purchases of their product. There’s reason to hope for that. The two countries are talking again. There’s even chatter about a Trump-Xi summit. After the agreement in 2019 that ended…

Celtic finally have their new striker with the arrival of former Sevilla forward Kelechi Iheanacho, more than 24 hours after the Scottish transfer deadline.Iheanacho had been in talks to join Brendan Rodgers’ side on Monday evening following his release by Sevilla earlier that day, but they were not completed in time to beat the clock and the 28-year-old had to wait until 11.06pm on Tuesday night for his transfer to be announced. Celtic had already looked to add Anderlecht striker Kasper Dolberg to their ranks, only to be gazumped by Ajax at the last moment, before Chelsea striker David Datro…

The top stories and transfer rumours from Wednesday’s newspapers…THE TIMES Europe’s leading clubs may push for greater representation at the Club World Cup and play more games abroad after being outmuscled by a £3bn summer spree from English elite clubs.Marc Guehi will reject any offer of a new contract from Crystal Palace and plans to leave as a free agent when his contract expires next summer.Raheem Sterling is likely to train away from the first-team group at Chelsea until the January transfer window after a move away from the club did not materialise on deadline day. The FA will be…