China's huge vaccine manufacturing capacities are posing a major threat to India's dominance in the global vaccine market, the Pharmaceuticals Export Promotion Council of India (Pharmexcil) warned.

PV Appaji, director general of Pharmexcil said on Wednesday that India would lose its supremacy in the global vaccine market unless the government comes forward to help the domestic vaccine makers.

It seems that tension boiling between Japan and China has reached to a new level. Not many days have passed when a Chinese plane flew over the Japanese boundaries and in return Japan reverted back in a similar action.

As per reports, it has been revealed that Japanese stocks are performing well, as the Nikkei Stock Average was found to be over the 10,000-point mark. The mark is considered to be the highest since April.

Despite the fact that market watchers felt that Apple's Friday launch of the iPhone 5 in China was a rather low-key affair, the company has recently reported that the first three-day sales of the handset in the Chinese market has set a new record.

Within three days of its China launch of the new iPhone 5, Apple has revealed that its sales of the handset in the country has already touched over 2 million units; thereby making the iPhone 5 launch the best-selling iPhone release ever in China.

According to a Rough and Polished report, analysts at the Boston-based global management consulting firm Bain & Company are of the opinion that the international diamond industry has not only bucked worldwide trends but has also witnessed a notable growth in size.

The UK Government will reportedly blacklist Huawei if the country’s security & intelligence agencies find any malware or spyware in the Chinese communications giant’s UK operations, but any such move could lead to a damaging multibillion-pound trade war between the UK and China.

Blacklisting of Huawei could also derail the roll-out of the UK’s economically crucial 4G mobile internet services.

With positive cues coming about manufacturing sector this month in China, oil was seen rising in London. However, there are chances that it may drop over the issue surrounding federal budget talks.