WASHINGTON: President Donald Trump held off on imposing tougher sanctions on Chinese officials blamed for a crackdown on China’s Uighur Muslim minority because of concern such measures would have interfered with trade negotiations with Beijing, he said in an interview published on Sunday (Jun 21). “Well, we were in the […]
Business
SYDNEY: The recent appreciation in the Australian dollar is not a problem at this point although a lower exchange rate would help the economy, the country’s top central banker said on Monday. The Aussie has surged 24 per cent to the US dollar since hitting a low of US$0.5510 in […]
MEXICO CITY: Mexico will resume sending temporary farmworkers to Canada after the two countries reached an agreement on improved safety protections for laborers on Canadian farms during the coronavirus pandemic, the Mexican government said on Sunday (Jun 21). Mexico said last Tuesday it would pause sending workers to farms with […]
FILE PHOTO: An attendant walks past EU and China flags ahead of the EU-China High-level Economic Dialogue at Diaoyutai State Guesthouse in Beijing, China June 25, 2018. BRUSSELS: The European Union and China will seek to cool tensions on Monday (Jun 22) at a video summit, their first formal […]
BEIJING: China banned imports from a top US poultry producer and ordered a Beijing Pepsi factory to close on Sunday (Jun 21) as authorites clamped down on food production and distribution amid a new coronavirus cluster in the capital. Health officials also reported 22 new virus cases in Beijing, where […]
NEW YORK: American Airlines Group Inc is planning to raise around US$1.5 billion by selling shares and convertible notes, as the airline shores up liquidity after travel disruption due to coronavirus, Bloomberg News reported on Sunday (Jun 21). The airline could announce the offering as early as Sunday, the report […]
LONDON: British Chancellor of the Exchequer Rishi Sunak is ready to cut the value-added tax (VAT) as part of the government’s latest efforts to tackle economic fallout from the coronavirus outbreak, the Sunday Times newspaper reported. Sunak has ordered officials to prepare options for reducing the sales tax, including a […]
SINGAPORE: It’s only 4am in Kembangan but Ms Liyana Stuart is already up. She is on one of her early-morning walks, a ritual she has observed daily since the start of the COVID-19 outbreak. On these walks, Ms Liyana will buy coffee and sometimes groceries, and by 5am, she’s back […]
HONG KONG: Pro-democracy labour unions and a student group in Hong Kong failed to garner enough support to hold strikes against looming national security legislation imposed by Beijing, in a blow for the city’s protest movement. After a year of often-violent unrest, anti-government demonstrations have lost momentum due to higher […]
KUALA LUMPUR: The chief of Malaysian energy giant Petronas quit this month after disagreement with the prime minister over giving more oil money to one of the country’s states run by a government ally, sources close to the government and the company said. Extra payments would hit Petronas and the […]