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MANILA Philippine President Rodrigo Duterte is sending a cabinet-level delegation to Beijing this week to meet with China’s Vice Premier Wang Yang and other top Chinese officials to discuss investment deals and his country’s chairmanship of the Association of South East Asian Nations (ASEAN) this year.     The January 23-24 trip by Philippine officials includes Duterte’s finance, budget, economic, public works and transport secretaries, according to a […]

SYDNEY Relatives of victims onboard missing Malaysia Airlines flight MH370 said on Sunday they plan to deliver personal letters to Malaysian Transport Minister Liow Tiong Lai while he visits Australia, urging him to resume the search for the missing jet. Liow held informal talks with Australian Transport Minister Darren Chester in the Western Australian capital of Perth on Sunday, Chester’s office said, five days after the two […]

By Brenda Goh and Muyu Xu | SHANGHAI/BEIJING SHANGHAI/BEIJING With 6 million Chinese tourists expected to travel abroad over the Lunar New Year break, China’s January 27 to February 2 holiday is crucial for Taiwan tour agency operator Li Chi-yueh, who relies on mainland visitors for a third of his revenue. But Li’s hopes are not high this year, after the number of mainland tourists plummeted 36 […]

TAIPEI The head of Foxconn, the world’s largest contract manufacturer of electronic goods and a major Apple Inc supplier, said on Sunday that the rise of protectionism is unavoidable. Terry Gou, chairman of Foxconn, formally known as Hon Hai Precision Industry Co, warned that uncertainties for this year make it tough to have a very clear analysis and outlook, but he said it was clear politics would […]

China’s ruling Communist party has closed the website of a prestigious economist as it launches a campaign against “nihilist” interpretations of former leader Mao Zedong that is stirring up ghosts of the Cultural Revolution. Chairman Mao’s legacy has became a battleground for “leftists” and “rightists” over the past year, fifty years after he launched the chaotic and violent Cultural Revolution. The rancorous debates come as current president […]

“We will spend what we need to spend to get this job done,” former prime minister Tony Abbott declared in March 2014, shortly after the multi-country effort to find recently downed Malaysia Airlines flight MH370. When do you give up on a mystery? The torturous MH370 question Anguish in Beijing as relatives learn MH370 has gone missing on March 9, 2014. Photo: Feng Li/Getty Danica Weeks, whose […]

TOKYO, A day after Donald Trump became U.S. President and vowed to put “America First”, Asian media decried his isolationist policies, fearing they will chill the global economy and sow widespread international discord. In a defiant inaugural address, Trump said U.S. workers have been devastated by an outflow of jobs overseas, one of the main themes of a divisive campaign that emphasized making America strong again. In […]

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When it comes to the future of bitcoin, the “holy grail” has emerged as becoming the first to have a bitcoin ETF approved by the SEC. Over three years ago, in 2013, the company of the Winklevoss twins, Cameron and Tyler, Winklevoss Capital Management LLC, launched the first proposed bitcoin ETF, the Winklevoss Investment Trust, looking to trade on the HFT-dominated BATS exchange. The SEC is expected […]

21 January 2017 Abu Dhabi, UAE: Middle East Sulphur 2017, a new conference held from February 12-16, will highlight the ever-growing value of the commodity regionally and beyond. Often viewed as a by-product of the oil and gas industries, sulphur is now coming to the fore as its versatility and potential is realised by business leaders around the world. Sulphur is also the primary source in producing sulphuric […]

There was a noticeable political subtext to the recent London Fashion Week Men’s programme, where many of the designers used their collections to comment on current international problems and controversies. One of those ­embracing a ­sociopolitical theme was Sharjah-born Khalid Al Qasimi, whose collection was inspired by John Lennon’s “Bed-In” protest in an Amsterdam Hotel in 1969. While that concept seemed a long way from topical issues […]

BERLIN German Chancellor Angela Merkel vowed on Saturday to seek compromises on issues like trade and military spending with U.S. President Donald Trump, adding she would work on preserving the important relationship between Europe and the United States. “He made his convictions clear in his inauguration speech,” Merkel said in remarks broadcast live, a day after Trump vowed to put ‘America first’. Speaking at a news conference […]

A powerful bomb blast on Saturday in a busy market of a remote Pakistani region near the Afghan border killed at least 21 people and injuring more than 40 others. The bomb was placed in a box of vegetables in a market at Parachinar city and exploded during the early morning rush hour. Responsibility for the attack was claimed by the Pakistan Talibaan and Lashkar-e-Jhangvi [LeJ], a […]

In 2015, Malian businessman and former interim prime minister Cheick Modibo Diarra told Arabian Business: “When it comes to investment…Africa really is the last frontier. Be it agriculture, energy production, extraction of gold and diamonds, or oil and gas, we have a lot of opportunities and a young workforce that understands how business works.” He was speaking at a time when interest in Africa among Middle East […]

There is no doubt that 2016 was a milestone year for utility-scale solar in the Middle East. The UAE set – and then reset – the benchmark for low-cost solar electricity; Saudi Arabia made its highest level commitment to investing in solar; and Jordan commissioned its largest utility-scale solar power plant and announced plans to tender a new round of projects. In fact, these three countries alone […]

After years of excess supply the global aluminium market may be turning a corner, as China seeks to cut capacity and the incoming Donald Trump administration ratchets up trade threats against the world’s largest producer of the lightweight metal. A glut of aluminium in recent years has decimated the US aluminium industry, where smelters were forced to shut down as Chinese imports rose. Now, after tackling excess […]

President Trump’s brief inaugural speech was a declaration of war against the entirety of the American Ruling Establishment. All of it. As Paul Craig Roberts details, Trump made it abundantly clear that Americans’ enemies are right here at home: globalists, neoliberal economists, neoconservatives and other unilateralists accustomed to imposing the US on the world and involving us in endless and expensive wars, politicians who serve the Ruling […]

Earlier this week, Blizzard teased the upcoming Year of the Rooster event for massively popular multiplayer shooter Overwatch, which will be in celebration of the Chinese New Year. Videos that were uploaded to announce the event revealed the Jan. 24 release date and a pair of event-specific legendary skins for Mei and D.Va. A leaked advertisement for Year of the Rooster, however, might have revealed the rest of […]

By Diane Bartz and Stephen Nellis Apple Inc filed a $1 billion lawsuit against supplier Qualcomm Inc on Friday, days after the U.S. government accused the chip maker of resorting to anticompetitive tactics to maintain a monopoly over key semiconductors in mobile phones. Qualcomm is a major supplier to both Apple and Samsung Electronics Co Ltd for “modem” chips that connect phones to wireless networks. The two […]

By Melissa Fares and Dustin Volz | WASHINGTON WASHINGTON One of the biggest cheers President Donald Trump received from supporters watching his inaugural address on Friday was his call to “buy American and hire American.” It was a moment rich in irony. Many of those supporters were sporting Trump’s trademark red “Make America Great Again” baseball caps that were made in China, Vietnam and Bangladesh. Some were horrified when […]

Friday 21:00 GMT Overview Financial markets gave a relatively muted response to Donald Trump’s inaugural speech as US president, with US stocks edging higher, Treasuries putting in mixed performances and the dollar easing back against its main rivals. Oil prices rose sharply amid hopes that producers would show compliance to a global deal to cut output. Gold initially struggled for traction but held above the $1,200 an […]

BERLIN Germany will need a new economic strategy geared toward Asia should the new U.S. administration start a trade war with China, Vice Chancellor Sigmar Gabriel said on Friday, warning against protectionism hours after President Donald Trump was sworn in. “I think we have to prepare for a rough ride,” Gabriel said in an interview with the public broadcaster ZDF, in the first official German reaction to […]

A new film that tries to marry Bollywood beats with Kung Fu moves is set to release next month. “Kung Fu Yoga,” which stars martial-arts legend Jackie Chan in the lead role and lesser known Bollywood actors Sonu Sood and Disha Patani is set for release on Feb. 3, according to the production company’s Facebook page. The film was supposed to be a full-fledged joint venture between […]

Kabir Mulchandani is a hands-on developer. While he may not be laying bricks, the SKAI Holdings CEO forwent his air-conditioned office in Downtown Dubai for an often stinking hot construction site on the Palm Jumeirah for the two years that it took for his flagship $1.2 billion hotel to be built. It was only in November that he finally walked offsite when the Viceroy Dubai Palm Jumeirah […]

Billionaire investor George Soros spoke to Bloomberg TV in Davos, and said the euphoria among stock investors since the victory of President-elect Donald Trump will end as uncertainty takes over. In an interview that may have been even gloomier than his last address to Davos in January 2016, when he said he was short the market, predicted a Chinese hard landing, and said the Fed’s hike was […]

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