BEIJING: Orders for infrastructure materials and equipment have helped industrial output recover faster in China than most places emerging from COVID-19 lockdowns, but further expansion will be hard to attain without stronger broad-based demand and exports. Prices of copper and steel have surged and share prices for Chinese blue chips […]
Business
GENEVA: Six candidates are vying to become the next head of the World Trade Organization – an institution which faced mammoth challenges even before the pandemic-driven global economic crisis struck. The window to enter the race slams shut on Wednesday (Jul 8), in a speeded-up contest to replace the outgoing […]
Domestic interests have always prevailed in negotiations between India and the US, says ISAS’ Amitendu Palit. SINGAPORE: On Jun 22, the US temporarily suspended entry of foreigners under specific categories of temporary work visas, disrupting the lives of non-immigrant workers to the US – particularly that of Indian workers. Despite […]
BEIJING: Hong Kong’s new National Security Law will shake up digital surveillance in the city, with strict new company compliance measures that echo the mainland’s years-long crackdown on anti-government content. Foreign tech companies have balked at the laws, with Facebook, Twitter and Google among those saying they would suspend requests […]
NEW YORK/HONG KONG: Chinese-owned social media platform TikTok announced on Tuesday (Jul 7) it would pull out of Hong Kong within days, as global tech giants struggle to figure out how to operate in the city under sweeping new security rules imposed by Beijing. Major US internet companies including Facebook, […]
LONDON: Britain can both remain a popular destination for foreign investment and stand up for its values, its business minister said on Tuesday (Jul 7) after China warned that a dispute over tech firm Huawei could lead to many “consequences”. Tensions have mounted between Britain and China after London joined […]
REUTERS: Secretary of State Mike Pompeo said on Monday that the United States is “certainly looking at” banning Chinese social media apps, including TikTok, suggesting it shared information with the Chinese government, a charge it denied. “I don’t want to get out in front of the President (Donald Trump), but […]
Hundreds of thousands of homeowners will receive vouchers of up to £5,000 for energy-saving home improvements, the chancellor will announce. Rishi Sunak is due to set out a £2bn grant scheme in England for projects such as insulation as part of a wider £3bn plan to cut carbon emissions. The […]
WASHINGTON: The Trump administration on Monday (Jul 6) released the names of hundreds of thousands of businesses which took money from a high-profile US$660 billion pandemic aid programme, letting the public see for the first time how the majority of the cash was spent and whether it helped save jobs. […]
FILE PHOTO: Facebook, Google and Twitter logos are seen in this combination photo from Reuters files. SAN FRANCISCO: Facebook, Google, and Twitter suspended processing government requests for user data in Hong Kong, they said on Monday (Jul 7), following China’s establishment of a sweeping new national security law for […]