WASHINGTON: US President Joe Biden, after a lengthy delay, on Monday (Jul 17) invited Israeli Prime Minister Benjamin Netanyahu to the United States for an official visit at a date to be determined, the White House and prime minister’s office said. Biden had held off extending the invitation out of […]
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BEIJING : China’s top economic planner pledged on Tuesday that it would roll out policies to “restore and expand” consumption without delay as consumers’ purchasing power remained weak, suggesting an urgency to revive domestic demand. The world’s second-largest economy grew at a frail pace in the second quarter, official data […]
Cristiano Ronaldo said there is no chance of him playing club football in Europe again and that the Saudi Arabian league is better than Major League Soccer, where his great rival Lionel Messi has chosen to begin the next chapter in his career. Ronaldo, who joined Al Nassr in December […]
Russian President Vladimir Putin said on Monday (Jul 17) his defence ministry was preparing proposals for a response to an overnight attack that damaged the road bridge linking Crimea to southern Russia, for which he blamed Ukraine. At the end of a televised video meeting with national and regional officials […]
Japanese workers have seen their pay go up at a record rate after the government called on companies to help employees facing rising prices. Official figures show that, compared to a year earlier, wages rose by 1.8% in May, the fastest pace in 28 years. The salaries of many people […]
Electric car maker Tesla Inc is laying off some battery production workers at its Shanghai plant, Bloomberg News reported on Friday (Jul 7), citing people familiar with the matter. It was not clear how many workers may be let go, or the specific reasons behind the layoffs, according to the […]
HONG KONG : Chinese authorities are likely to announce a fine of at least 8 billion yuan ($1.1 billion) on Ant Group as soon as Friday, sources with direct knowledge of the matter said, bringing an end to the fintech company’s years-long regulatory overhaul. The People’s Bank of China (PBOC), […]
SILVERSTONE: A calm and focussed Max Verstappen yesterday expressed some relief that his Red Bull team have maintained a very healthy lead over all their rivals despite introducing fewer upgrades this season. Speaking at Silverstone on the eve of opening practice at this weekend’s British Grand Prix, the defending double […]
Twitter is considering legal action against Meta over its fast-growing rival app Threads. Threads, which was launched to millions on Wednesday, is similar to Twitter and has been pitched by Meta bosses as a “friendly” alternative. Twitter’s Elon Musk said “competition is fine, cheating is not” – but Meta denied […]
TAIPEI : Globalisation is taking a backseat to priorities such as national security and technological leadership, with U.S.-China relations consisting more of competition than cooperation, the retired founder of Taiwanese chipmaker TSMC said on Tuesday. Morris Chang, who founded the world’s largest contract chipmaker Taiwan Semiconductor Manufacturing Co Ltd (TSMC), […]