BEIJING: China said on Monday (Aug 3) it will suspend its extradition agreement with New Zealand in response to Wellington suspending its existing extradition treaty with Hong Kong. Chinese foreign ministry spokesman Wang Wenbin announced the decision at a daily briefing. New Zealand last week suspended its extradition treaty with […]
Business
Men’s Wearhouse owner Tailored Brands filed for bankruptcy on Sunday, adding to a list of brick-and-mortar retailers that have succumbed to the economic fallout from the COVID-19 crisis. REUTERS: Men’s Wearhouse owner Tailored Brands filed for bankruptcy on Sunday, adding to a list of brick-and-mortar retailers that have succumbed to […]
China said on Monday that 28-nanometre chips that enable mobile devices to receive signals from the Beidou navigation system are in mass production and mass manufacturing of high-precision 22-nanometre positioning chips will soon kick off. BEIJING: China said on Monday that 28-nanometre chips that enable mobile devices to receive signals […]
HONG KONG: HSBC on Monday (Aug 3) said profits for the first half of 2020 plunged by 69 per cent on year as the banking giant was hammered by the COVID-19 pandemic and spiralling China-US tensions. The lender reported post-tax profits of US$3.1 billion while pre-tax profit was US$4.3 billion, […]
SINGAPORE: The Monetary Authority of Singapore (MAS) will award Standard Chartered Bank (Singapore) additional privileges as a Significantly Rooted Foreign Bank (SRFB), allowing it to operate more places of business. Standard Chartered is the first bank to qualify as a Significantly Rooted Foreign Bank, MAS said in a news release […]
WASHINGTON: President Donald Trump has agreed to give China’s ByteDance 45 days to negotiate a sale of popular short-video app TikTok to Microsoft Corp, two people familiar with the matter said on Sunday (Aug 3). US officials have said TikTok under its Chinese parent poses a national risk because of […]
TOKYO: Japan’s factory activity contracted at the slowest pace in five months in July, in a sign that pressures on manufacturers were easing somewhat and raising hopes that the worst impact from the coronavirus pandemic was over. Gross domestic product data out later this month is expected to show the […]
NEW DELHI: Samsung Electronics Co Ltd is forging a comeback in India’s smartphone market with a new range of budget devices and a ramped-up online presence, aiming to recoup ground ceded to Chinese rivals such as Xiaomi Corp. Samsung, the only major non-Chinese player in the country, has already begun […]
NEW YORK: A record high percentage of US companies are beating analysts’ forecasts this earnings season, giving investors a glimmer of hope in what is still expected to be the slowest profit period since the financial crisis. More than halfway through second-quarter earnings, 82.1 per cent of companies reporting have […]
ZHENGZHOU: Biology student Ma Jingjing wandered the hall of a job fair in central China among other young Chinese hoping to find work in an economy crushed by the coronavirus pandemic. Ma, 26, is one of almost 9 million people graduating and entering the job market this year at a […]