JAKARTA: Indonesia, Southeast Asia’s largest economy, will likely ratify its membership of the Regional Comprehensive Economic Partnership (RCEP) early next year, its chief economic minister said on Friday (Dec 31). The China-backed RCEP, the world’s biggest trade bloc, is set to enter into force on Jan 1, 2022. Details in […]
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HONG KONG: Cathay Pacific Airways on Thursday said the latest tightening of quarantine restrictions on aircrew had led it to make significant changes to its flight schedule, including cancellations of passenger and cargo flights to and from Hong Kong. Hong Kong health authorities said on Tuesday the city would tighten […]
BEIJING: China’s foreign minister said today the United States will “face an unbearable price” over its actions towards the self-ruled island of Taiwan, in Beijing’s latest threat over the flashpoint island. Tensions between China and the US have soared in recent years over issues including human rights, trade and technological […]
SHANGHAI/HONG KONG : China Evergrande New Energy Vehicle Group started its first mass production on Thursday, two sources with direct knowledge of the matter said. Mass production for its inaugural Hengchi 5 sport-utility vehicles at its Tianjin production facilities came 12 days ahead of schedule, the people said, and the […]
SHANGHAI : China plans to sell a record amount of treasury bonds in 2022, while keeping overall interest rates of the issuance lower, as Beijing adopts a proactive policy to stabilize economic growth, a senior official at the finance ministry said. China will provide liquidity support for treasury bond […]
Chinese ride-hailing giant Didi Global has seen its losses deepen after Beijing ordered online stores not to offer the company’s app. The firm reported an operating loss of $6.3bn (£4.7bn) for the first nine months of year as revenues in China fell by 5% in the third quarter. The Chinese […]
Elon Musk has rejected claims that his Starlink satellite internet project is taking up too much room in space. “Tens of billions” of satellites can be accommodated in orbits close to Earth, he told the Financial Times. His comments come after a claim by the head of the European Space […]
STOCKHOLM: Sweden’s Northvolt said on Wednesday its new gigafactory in northern Sweden has assembled its first battery cell, making it the first European company to design and manufacture a battery on the continent. The cell is of a prismatic cell format – a variety of thinner and lighter battery – […]
LONDON: Paris Hilton commands as much as US$1 million (RM4.2 million) a night working as a celebrity DJ, entertaining partiers at clubs in China, Dubai and on the Spanish vacation island of Ibiza. This New Year’s Eve, she will be playing an electronic set for the revellers who drop by […]
BEIJING : China aims to cut energy consumption of steel by 2per cent, and to lower carbon emissions in the aluminium sector by 5per cent by 2025, the country’s industry ministry said in a raw materials development plan on Wednesday. The country will also strengthen the exploration of domestic iron […]
