Coca-Cola Co is putting the likeness of Warren Buffett on Cherry Coke cans in China, hoping to benefit from its biggest shareholder’s popularity in the country. According to its website, Coca-Cola got permission from the billionaire investor to use his image on cans for a limited time, while supplies last. It launched Cherry Coke in China on March 10. Berkshire Hathaway Inc, which Buffett runs, is Coke’s […]
By Michelle Nichols | UNITED NATIONS UNITED NATIONS U.S. Secretary of State Rex Tillerson will chair a United Nations Security Council meeting on North Korea on April 28 to discuss how the body can combat Pyongyang’s banned nuclear and missile programs, U.S. Ambassador Nikki Haley said on Monday. North Korea has been under U.N. sanctions aimed at impeding the development of its nuclear and missile programs since […]
That big hug was just what Mr. Sisi’s government sought, said Eric Trager, a scholar on Egypt at the Washington Institute for Near East Policy. “It wants to see the White House legitimate it, and set it on a new course.” Continue reading the main story The scene provided a powerful counterpoint to Mr. Sisi’s many critics, in Egypt and abroad, for whom he is known as […]
The annual Cesco Week gathering for the global copper industry starts Monday in Santiago. For the first time in five years, attendees arriving in the Chilean capital can reflect on a copper price that is higher than at the previous year’s event. However, optimism that 2017 represents a turning point in the market should be tempered by the realisation that any sustained recovery in the copper price […]
Investors face a test of nerve as the second quarter beckons. The rally in US stocks and the dollar sparked by the election of Donald Trump is looking stretched, amid doubts about the president’s ability to deliver fiscal stimulus for the economy that can justify lofty equity valuations. The shifting mood has spurred money into emerging markets and European stocks, with EM currencies enjoying a stellar March […]
Monday 09:35 BST What you need to know ● Equities starting second quarter on the front foot● S&P 500 futures just 1.5 per cent off record and Euro Stoxx up 0.4 per cent ● Investors keeping a watch on national manufacturing surveys● Dollar little changed against peers and South African rand continues to slide● Brent and WTI crude hold above $50 a barrel, while gold soft——————- Hot […]
BEIJING China’s smoggiest cities have pledged to ramp up the battle on pollution after air quality deteriorated in the first few months of this year, the China Daily reported on Monday, as smog blanketed the capital, Beijing, and the surrounding region. Top officials from seven districts in Beijing, Tianjin and cities in Hebei and Shanxi provinces were scolded at the weekend by the environmental watchdog for lax […]
SEOUL South Korea’s Lotte Group will continue to invest in its China business despite diplomatic tensions over the deployment of a U.S. missile defense system, a Lotte executive said on Monday, denying rumors it wants to scale back there. Chinese authorities closed dozens of Lotte retail stores following inspections, ramping up pressure on Korea’s fifth-largest family-run conglomerate after it agreed to provide land for the U.S. Terminal […]
Your daily guide to community and cultural activities across the Emirates for April 3, 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 Comedy show Beat […]
MONTEVIDEO Uruguay’s navy said on Sunday it was losing hope of finding alive any of 22 crew members missing two days after a South Korean ore carrier sank in the South Atlantic but was still continuing the search, a Navy spokesman said. Two Filipino crew members have been rescued floating in a life raft on Saturday, but other lifeboats and rafts found in the area were empty, […]
By Alexandra Ulmer | QUITO, Ecuador QUITO, Ecuador The Venezuelan Supreme Court may have amended part of its explosive decision to take over the opposition-led congress, but it still gives embattled leftist President Nicolas Maduro broad new powers over the OPEC nation’s vast oil wealth. The reversal on Saturday came after political leaders worldwide and street protestors at home accused the pro-government court of effectively making Maduro […]
TOKYO Asian shares started the week on a steady footing on Monday after a bumper quarter as investors look to the shape of U.S. trade and economic policies and how they could affect global growth. MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was little changed in early trade while Japan’s Nikkei .N225 rose 0.1 percent. Ex-Japan Asia MSCI had gained 12.3 percent in the last […]
China’s Huishan Dairy raised millions of dollars by selling shadow bank products labelled as “low risk” to the public last year, only months before missed loan payments sent creditors scrambling to protect themselves, according to exchange listings in north-east China. Huishan’s share price plunged 85 per cent in Hong Kong on March 24 amid reports — which the company denies — that chairman and controlling shareholder Yang Kai embezzled Rmb3bn […]
NEW YORK Tesla Inc (TSLA.O), the U.S. luxury electric car maker, said on Sunday first-quarter vehicle deliveries jumped 69 percent from a year ago to a quarterly record of 25,000 vehicles, bouncing back from delays in the previous quarter. The company said of the total vehicles delivered, about 13,450 were Model S sedan and about 11,550 were Model X sports utility vehicle. Tesla has said it expects […]
Minnesota is reeling under the effects of one of the most dangerous strains of synthetic opioids — carfentanil, which is causing several overdose deaths in the state. Carfentanil, a deadly elephant tranquilizer, is used by doctors to immobilize large animals like elephants for surgery. This opioid has reared its ugly head in the state and has reportedly killed five people. The drug reportedly originates in China, and is 100 […]
Huaqiangbei electronics market in downtown Shenzhen is a gadget geek’s paradise, selling everything from individual semiconductor chips to roll-up drum kits to hoverboards. For some, it is also the culprit for the declining fortunes of US wearable tech companies such as GoPro and Fitbit. “[Their] problem essentially is Shenzhen,” says Richard Windsor, founder of independent research company Radio Free Mobile. “It makes much cheaper cameras that are […]
Here are the main questions facing markets as a new trading week and the start of the second quarter beckons. What are the likely drivers?A host of market-moving events confront investors as the calendar flips over to April. These include France’s presidential elections and the opening salvos of the UK’s divorce from the EU. But there is also the prospect of a sustained recovery in global activity, […]
BEIJING An explosion in northern China’s Shanxi province on Saturday evening killed at least nine and injured six, state news agency Xinhua reported. The blast occurred in a residential building and was believed to have been caused by illegally stored explosives, Xinhua said. An investigation was underway. A number of buildings collapsed and search and rescue work continued on Sunday afternoon, said state broadcaster CCTV. China has […]
Like many Hong Kongers with family and business ties in mainland China, Ceci Chong would often carry cash back across the border — until she was stopped last summer by a Chinese customs officer. She was caught bringing Rmb100,000 ($14,500) in family savings to Hong Kong — five times the cash limit imposed by China. Her case was part of a crackdown on “financial ants”, who smuggle […]
BEIJING China reported six new cases of H7N9 bird flu including one death in Hunan after live poultry markets in the province were shuttered last month. The infections were reported in the last week of March by the provincial centre for disease control and prevention, according to a report by Xinhua news agency on Sunday. A total ban on live poultry trading in the provincial capital of […]
Microsoft announced yesterday that it will be opening its third IoT & AI (Internet of Things and artificial intelligence) Insiders Lab. The new lab, located in Munich, Germany is set to open in April and will provide an EMEA point of presence to round out the existing labs in the Americas (Redmond, Wash.) and Asia (Shenzhen, China). Mission possibleThe mission of the labs is to provide facilities […]
BEIJING Subjected to daily interrogations and blocked from leaving China for more than a week, Australia-based academic Feng Chongyi arrived home in Sydney on Sunday, vowing to return to the mainland later this year to complete his research. Feng, an Australian permanent resident who retains his Chinese passport, was conducting field interviews for a project on Chinese human rights lawyers and their political aspirations. “If they wanted […]
SEOUL A South Korean cargo vessel is missing after making its last contact in the South Atlantic about 2,500 kilometres (1,500 miles) from shore and 22 crew members are unaccounted for, South Korea’s foreign ministry and news reports said on Sunday. Two Filipino crew members have been rescued floating in a life raft on Saturday, but other lifeboats and rafts found in the area were empty, South […]
BEIJING China called on the United States to respect international trade rules and improve cooperation and dialogue in reaction to two new orders by U.S. President Donald Trump calling for an investigation into trade abuses. Any U.S. trade enforcement measures should comply with generally accepted international trade rules and differences between the two countries should be handled properly, an unidentified spokesperson for China’s Ministry of Commerce said […]
