By Michael Martina and Ju-min Park | BEIJING/SEOUL BEIJING/SEOUL China on Thursday welcomed an apparently softer tone by the United States on the North Korean nuclear and missile crisis but stressed its opposition to a U.S. missile defence system being deployed in South Korea. China has long promoted dialogue to resolve the “Korean nuclear issue” as North Korea has repeatedly threatened to destroy the United States which […]
By James Pomfret, Lawrence White and Sumeet Chatterjee | DONGGUAN, China/LONDON/HONG KONG DONGGUAN, China/LONDON/HONG KONG In the digital age, footfall in bricks-and-mortar outlets is an incomplete measure of business activity, but HSBC’s empty branches in the Pearl River Delta (PRD) suggest it’s not all plain sailing for the bank’s expansion in mainland China. HSBC, the world’s sixth-largest bank by assets, announced in 2015 that it would hire […]
Donald Trump has decided not to pull the US out of the North American Free Trade Agreement, agreeing instead with his Canadian and Mexican counterparts to “proceed swiftly” with negotiations to update the agreement, according to the White House. The move came in hastily arranged calls between the three leaders after news leaked that the White House was considering unveiling an executive order on Saturday that would have […]
SHANGHAI China needs to raise its military capabilities to protect its growing overseas interests, its foreign minister said following the launch of China’s first domestically built aircraft carrier, but he vowed not to pursue expansionism. China launched the carrier on Wednesday amid rising tension over North Korea and regional worries about Beijing’s assertiveness in the South China Sea and its broader military modernisation programme. Speaking during a […]
Breitbart News hit a wall Tuesday in its campaign to storm the ramparts of the media establishment when one of the most influential press associations in Washington, D.C. denied its application for credentials to cover Congress because of concerns over the site’s funding, staffing, workspace and independence. The decision by the Standing Committee of Correspondents of the House and Senate Press Gallery — a body chaired by […]
The University of Technology Sydney (UTS) has partnered with the China Electronics Group Corporation (CETC) to launch a new joint centre for advanced research. Located at the UTS campus in Sydney, the Australia-China Research Innovation Centre in Information and Electronics Technologies (IET) is expected to conduct long-term research projects into information, communications, and electronics. The IET will be governed and managed by representatives of both UTS and […]
Your daily guide to community and cultural activities across the Emirates for April 27, 2017, including performances, festivals, art exhibitions, film screenings, health and fitness events, talks, classes, workshops and family fun. Ellen Fortini rounds up 10 things to do today in the UAE. Want to see your event listed here? Email us with the details and contact information at [email protected] newslide Abu Dhabi Art exhibition Catch […]
By Phil Stewart and David Brunnstrom | WASHINGTON WASHINGTON The Trump administration said on Wednesday it aimed to push North Korea into dismantling its nuclear and missile programs through tougher international sanctions and diplomatic pressure, and remained open to negotiations to bring this about. The U.S. stance, which appeared to signal a willingness to exhaust non-military options in spite of repeated warnings that “all options are on […]
By Patricia Zengerle | WASHINGTON WASHINGTON U.S. lawmakers want to emerge from briefings by the Trump administration on North Korea on Wednesday with something many think has been absent from the White House so far: a clear strategy for dealing with a major national security threat. As a standoff escalated over the reclusive Asian nation’s development of nuclear weapons and long-range ballistic missiles, President Donald Trump invited […]
Tencent’s cloud computing unit has launched a data centre in Silicon Valley and will open another four outside its domestic market, as it looks to expand its portfolio to include cloud and artificial intelligence. The Chinese internet giant said the following four facilities in Mumbai, Seoul, Frankfurt, and Moscow would be operational this year, adding to its global network of data centres that currently include Singapore, Toronto, […]
BERLIN German Economy Minister Brigitte Zypries will attend a summit next month in Beijing on China’s ambitious New Silk Road plan aimed at linking Asia, Africa and Europe, adding some weight from Europe to the summit championed by President Xi Jinping. The conference is widely seen as the biggest diplomatic event of the year for China as it pushes its initiative to invest billions of dollars in […]
It’s taken the new chief executive of the London Metal Exchange Matthew Chamberlain four years to understand the complexity of the 140-year-old bourse. Now he’s on a mission to simplify it. Days after his appointment was announced by the LME’s parent Hong Kong Exchanges and Clearing the 35-year-old former investment banker has outlined his vision to attract more customers and protect London’s place as the centre of […]
Credit Suisse has launched a SFr4bn ($4bn) share issue and said it will abandon plans to list its Swiss division in an attempt to draw a line under capital fears that have dogged the bank since chief executive Tidjane Thiam took over two years ago. Investors expected the bank’s quarterly earnings on Wednesday to feature only limited news on its much-anticipated capital plans since it is not […]
HONG KONG Hong Kong police on Wednesday arrested two disqualified pro-independence legislators for unlawful assembly over an effort to force their way into a Legislative Council meeting in November, their political party said. Yau Wai-ching, 25, and Baggio Leung, 30, were picked up at their homes early in the morning and taken to a police station for questioning, their party, Youngspiration, said in a statement. Their assistants […]
By Manuel Mogato | MANILA MANILA Southeast Asian nations would adopt a softer than usual tone about South China Sea disputes at a leaders’ summit on Saturday in Manila, and exclude references to militarisation or island-building, according to a draft of the chairman’s statement. Although some Association of South East Asian Nations (ASEAN) leaders will express “serious concern” over the “escalation of activities” in the disputed sea, […]
Authored by Gaius Publius via Down With Tyranny blog, “We don’t want a unified Korean peninsula … We [also] don’t want the North Koreans to cause more trouble than the system can absorb.” —Hillary Clinton, 2013, speech to Goldman Sachs Our policy toward North Korea is not what most people think it is. We don’t want the North Koreans to go away. In fact, we like them […]
Wednesday 03:00 BST Overview Momentum from a buoyant Wall Street carried over into Asia trading as equities rallied while bonds and oil prices continued to slide. Hot topic Stock markets across the region took their cues from Wall Street, where on Tuesday the S&P 500 neared a record closing high and the tech-focused Nasdaq closed above 6,000 for the first time. In Sydney, the S&P/ASX 200 was […]
BEIJING The Chinese government said on Wednesday that a Taiwan rights activist detained on suspicion of endangering national security was in good health, and had reassured his family in a letter. The detention has put a strain on ties between Taiwan and China, which have cooled since Taiwan President Tsai Ing-wen took power last year, because she refuses to concede that the self-ruled island is part of […]
BEIJING China on Wednesday launched its first domestically built aircraft carrier, which will join an existing one bought second-hand from the Ukraine, amid rising tensions over North Korea and worries about Beijing’s assertiveness in the South China Sea. State media said the carrier, designed in China and built in the northeast port of Dalian, is not expected to enter service until 2020. The announcement by the official […]
86 percent of the total attacks experienced by Australia during a 12-month period originated from within the country’s borders, a report from NTT Security has found. The United States was the source of 9 percent of the total attacks, while Germany accounted for 1 percent. According to the NTT Security Global Threat Intelligence Report 2017, remote administration was the top service used in attacks against Australia, with […]
SEOUL The U.S. military has started moving parts of the controversial THAAD anti-missile defence system into a planned deployment site in South Korea, Yonhap news agency reported on Wednesday, amid high tensions over North Korea’s missile and nuclear programmes. The United States and South Korea have agreed to deploy THAAD in response to the threat of missile launches by North Korea but China says it will do […]
Google and Intertrust Technologies Corporation announced Tuesday they’ve teamed up to launch PatentShield, a program designed to help startups defend themselves against patent litigation. By building up a large collection of patents that can be used defensively, PatentShield aims to “level the playing field” and deter larger companies from suing startups. “As startups expand, larger companies – with sizeable budgets and patent portfolios – often use patent […]
Authored by Zainab Calcuttawala via OilPrice.com, Alberta Premier Rachel Notley warned U.S. President Donald Trump that he would face the wrath of the northern nation’s many allies if the freshman president begins employing energy trade restrictions with Canada. Notley is currently in China, negotiating her country’s trade policies with the Asian giant. She told reporters that she did not know what was meant by Trump’s comments about […]
Just when US trade partners thought it was safe to come out from their hiding places, along comes President Donald Trump to slap a punitive duty on Canada, America’s long-time ally and neighbour — imposing tariffs of up to 24 per cent on imports on its softwood lumber. The new president seemed to have gone quiet on his protectionist instincts, pulling back from a trade confrontation with […]
