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 […]
Business
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 […]
WASHINGTON: The US Commerce Department said today it will challenge an order issued Sunday by a US judge that blocked the department’s order requiring Apple and Google to remove WeChat from their US app stores. US Magistrate Judge Laurel Beeler in San Francisco issued a preliminary injunction that blocked the […]
SINGAPORE: Despite the impact of the COVID-19 pandemic, more than 800 companies in the food sector have offered about 6,700 opportunities in jobs, traineeships and training places since April. Of these, 5,420 have been for jobs, of which 2,070 (about 38 per cent) have been for professional, manager, executive and […]
SYDNEY: China will lose access to a strategic space tracking station in Western Australia when its contract expires, the facility’s owners said, a decision that cuts into Beijing’s expanding space exploration and navigational capabilities in the Pacific region. The Swedish Space Corporation (SSC) has had a contract allowing Beijing access […]
NEW YORK: China’s ByteDance said on Monday (Sep 21) that TikTok’s global business will become its subsidiary, even as Oracle and Walmart said over the weekend that they and US investors would own the majority of the video app following a deal with US President Donald Trump’s administration. Trump signed […]
NEW YORK: Global oil refiners reeling from months of lacklustre demand and an abundance of inventories are cutting fuel production into the autumn because the recovery in demand from the impact of coronavirus has stalled, according to executives, refinery workers and industry analysts. Refiners cut output by as much as […]