WASHINGTON: U.S. transportation officials told wireless carriers the government will not seek any further delays in deployment of 5G wireless service beyond Jan. 19 absent any “unforeseen aviation safety issues,” according to a previously unreported letter. U.S. Transportation Secretary Pete Buttigieg and Federal Aviation Administration (FAA) chief Steve Dickson disclosed […]
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COX’S BAZAR: Bangladesh authorities have bulldozed more than 3,000 Rohingya-run shops since last month, a government official confirmed today, as struggling refugee families voiced their dismay at the demolitions. About 850,000 members of the stateless Muslim minority are packed into overcrowded displacement camps in Bangladesh, most having fled neighbouring Myanmar […]
Shares in crisis-hit Chinese property developer Evergrande rose on Tuesday after they resumed trading in Hong Kong. The heavily-indebted firm had suspended its shares on Monday pending the release of “inside information”. Evergrande’s shares jumped as much as 10% before trimming gains to close 1.3% higher. The company said its […]
Turkey’s annual inflation rate has soared to a 19-year high, underlining the country’s financial turmoil and alarm over its president’s policies. Prices hit more than 36% December as the cost of transport, food and other staples ate into household budgets. Most central banks raise interest rates to help cool inflation […]
WASHINGTON: Air travel continued to be severely disrupted in the United States on Saturday, with bad weather in parts of the country adding to the impact of a massive spike in Covid-19 infections fuelled by the Omicron variant. The United States had 2,723 cancelled flights, more than half of the […]
BEIJING : China’s December new home prices declined at a slower pace compared with a month earlier, a private-sector survey showed on Saturday, offering a tentative sign of stabilising demand after authorities took steps to avert a hard landing for the market. New home prices in 100 cities fell 0.02per […]
SEOUL: South Korea’s exports expanded at their fastest pace in 11 years in 2021, with the total export value reaching a record high, supported by post-pandemic recoveries in global demand. For the full year, exports rose 25.8per cent from a year earlier to US$644.54 billion, trade ministry data showed on […]
STOCKHOLM: Ikea will hike its prices by an average of 9 per cent next year due to ongoing supply and transportation disruptions, the company that operates most of the Swedish furniture giant’s stores said on Thursday (Dec 30). The announcement comes as pandemic-fuelled shortages and shipping challenges ramp up inflation […]
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 […]
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 […]