Hong Kong blocks 12 democrats from election

China says UK has 'poisoned' relations

China blamed the United Kingdom on Thursday for deteriorating ties after Prime Minister Boris Johnson slapped a 5G ban on Huawei, accusing London of poisoning the relationship by meddling in Hong Kong's affairs.

Sensex cracks by 335 points but pharma stocks outperform

Equity benchmark indices swung nearly 1 per cent lower during the afternoon session on July 30 ahead of the expiry day of monthly futures and options contracts. At the closing bell, the BSE S and P Sensex was down by 335 points or 0.88 per cent at 37,736 while the Nifty 50 lost 101 points or 0.9 per cent at 11,102. Most sectoral indices at the National Stock Exchange were in the red except for Nifty pharma which gained by 3.1 per cent and IT which crawled up by 0.6 per cent. Nifty bank slipped by 2 per cent, financial service by 1.8 per cent and metal by 1.2 per cent. Among stocks, energy majors were big losers with Bharat Petroleum Corporation down by 8 per cent to Rs 417.80 per share. IndianOil Corporation dipped by 4.1 per cent, ONGC by 2.4 per cent and Power Grid Corporation by 2.3 per cent. Banking scrips too witnessed losses with IndusInd Bank dipping by 5.4 per cent, Axis Bank by 3.4 per cent and State Bank of India by 2.4 per cent while home loan lender lost by 3.6 per cent. Pharma stocks, however, witnessed handsome gains with Dr Reddy's advancing by 4.6 per cent to close at Rs 4,500 per share. Sun Pharma and Cipla were up by 3.7 per cent and 0.8 per cent respectively. Wipro, Infosys, Vedanta, Maruti Suzuki, Britannia and Reliance Industries too traded with a positive bias. Meanwhile, Asian stocks were flat as the US Federal Reserve members voted to leave the target range for short-term rates between 0 and 0.25 per cent to support the country's virus-battered economy. Japan's Nikkei and Hong Kong's Hang Seng were down by 0.26 per cent and 0.69 per cent but South Korea's Kospi moved up by 0.17 per cent.

Chinese ambassador accuses UK of 'poisoning' relations

Liu Xiaoming, China's Ambassador to the UK, has accused the UK of 'seriously poisoning' relations between the countries over issues with Hong Kong and Huawei. Mr Xiaoming also suggested that politicians 'clamour for a new cold war' with China. Report by Etemadil. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

Chinese ambassador: Disputes between UK and China have seriously poisoned relations

Disputes between the UK and China over Hong Kong, tech giant Huawei and humanrights abuses in Xinjiang have “seriously poisoned” relations between the twocountries, Beijing’s ambassador to London said. Liu Xiaoming said the UK wasat a “critical historical juncture” in how it wanted to treat China. In anonline press conference, Mr Liu said: “China respects UK sovereignty and hasnever interfered in the UK’s internal affairs. “It is important the UK will dothe same – namely, respect China’s sovereignty and stop interfering in HongKong’s affairs, which are China’s internal affairs, so as to avoid furtherdamage to the China-UK relationship.”