BEIJING: Beijing on Wednesday (Sep 23) hit back at a US move to ban imports from China’s northwestern Xinjiang region over claims of forced labour, bemoaning a “fabricated lie” it says is intended to hurt Chinese business. The US House of Representatives voted overwhelmingly on Tuesday in favour of the […]
Business
REUTERS: Tesla Inc faced a stock market reality check on Wednesday after a much hyped “Battery Day” event which Wall Street analysts judged chiefly for its omissions and hazy delivery deadlines. Investors had expected two big announcements from Chief Executive Officer Elon Musk: the development of a “million mile” battery […]
MOSCOW: The world’s largest group of shipping insurers will not insure vessels involved in the Russian-led Nord Stream 2 and TurkStream gas pipeline projects because of the threat of US sanctions. Associations belonging to the International Group of P&I Clubs, including the Shipowners’ Club and the London P&I Club, said […]
LONDON: An emergency approval of one to three COVID-19 vaccines is likely in the coming months, UBS Asset Management predicted on Wednesday (Sep 23), a milestone that could finally end the surge of mega-cap US tech stocks. The full approval of the vaccine that allows for broad inoculation is more […]
WASHINGTON: Amazon.com, the world’s biggest online retailer, announced the launch of a climate-friendly program on Wednesday (Sep 23) to help customers shop for sustainable products, as part of its commitment to be net carbon neutral by 2040. Customers will now see more than 25,000 products ranging from grocery, household, fashion, […]
SHANGHAI/HONG KONG: Investors in China are betting on a bumpy ride until the end of the US presidential election and seeking to protect their assets from a long chill in Sino-US ties. Global equity fund managers are shifting out of New York-listed shares in Chinese firms and into Hong Kong-listed […]
OTTAWA: Canadian Prime Minister Justin Trudeau will unveil today what he says is a far-reaching plan to help the economy recover from the coronavirus pandemic while ensuring efforts to fight the outbreak do not falter. Trudeau, who has consistently vowed to do more to combat climate change, is paring down […]
BEIJING: China is forcing Tibetan farmers and herders into labour programmes similar to those used in troubled Xinjiang, a US research institute alleged today. The moves risk a “loss of cultural heritage” in the politically sensitive region, the group’s report warned. Authorities in Tibet, a predominantly Buddhist area in China’s […]
NEW YORK: TikTok has proposed a global coalition of social media firms for early identification and removal of harmful content, the company said on Tuesday, as networking apps face a barrage of criticism over issues ranging from misinformation to data privacy. The company, owned by China’s ByteDance and at the […]
NEW YORK: Facebook said on Tuesday (Sep 22) it had removed a network of inauthentic Chinese accounts that were interfering in Asian and American politics, including some that posted material supporting and opposing US President Donald Trump. The social networking company said it suspended 155 accounts on its main platform […]