TAIPEI A group of Chinese warships lead by the country’s sole aircraft carrier has passed through waters south of Taiwan and is heading southwest, Taiwan’s defence ministry said on Monday of what China has termed a routine exercise. The ministry said the aircraft carrier the Liaoning, accompanied by five other vessels, had passed 90 nautical miles south of Taiwan’s southernmost point on Monday morning via the Bashi […]
SHANGHAI China has detained 11 people for dumping more than 2,900 tonnes of garbage into the Yangtze river in Jiangsu province, the official Xinhua news agency reported late on Sunday. The garbage was dumped earlier this month after two firms entrusted to dispose of household garbage subcontracted the work to third parties, Xinhua said. China has been cracking down on pollution in a bid to reverse the […]
2016 was chock-full of surprises, both in markets and in politics. As Goldman’s Allison Nathan explains, the year began with a perfect storm of worries that had become all too familiar already in 2015. Oil prices plunged and fears of faltering growth and a sharp depreciation of China’s currency escalated, driving disruptive sell-offs in credit and other risk assets. Confidence in global growth faltered, particularly after an […]
By Jake Spring | NINGDE, China NINGDE, China A dusty village on the outskirts of Ningde, a third-tier city in China’s southeast, seems an unlikely place for the headquarters of a potential global leader in future automotive technology. Yet China’s top-down industrial policy diktats – move up the value chain, clean up polluted urban skies, and shift to plug-in cars – have Contemporary Amperex Technology Ltd (CATL) […]
Jim Gomez, The Associated Press Published Sunday, December 25, 2016 9:12AM EST Last Updated Sunday, December 25, 2016 3:43PM EST MANILA, Philippines — A powerful typhoon slammed into the eastern Philippines on Christmas Day, spoiling the biggest holiday in Asia’s largest Catholic nation, where a governor offered roast pig to entice villagers to abandon family celebrations for emergency shelters. Typhoon Nock-Ten was packing maximum sustained winds of […]
ArabPlast 2017 promises an international participation accentuated by the presence of the giant operators in the industry of plastics, petrochemicals and rubber Dubai, UAE, 25 December 2016 As the biggest plastics, petrochemicals and rubber industry exhibition in the MENA region, ArabPlast 2017 is set to bring together the key players, experts and industrials in the field from around the world, between 8th-10th January at Dubai World Trade […]
By Jeffrey Heller | JERUSALEM JERUSALEM Israel summoned the ambassadors of 10 nations to Jerusalem to reprimand them on Sunday and had more harsh words for the Obama administration over a U.N. Security Council resolution demanding an end to settlement-building. Prime Minister Benjamin Netanyahu put his personal imprint on the show of anger by repeating at the weekly cabinet meeting what an unidentified Israeli government official contended […]
BEIJING China needs to keep financial market liquidity stable and regulate its “money gates” to prevent asset bubbles, but it also needs to ensure a lack of liquidity doesn’t cause financial stress, according to a commentary in a newspaper owned by the People’s Bank of China. Chinese policymakers face a dilemma as they need to tighten credit to contain debt and speculative investment without triggering a wave […]
BEIJING Three doctors in Shanghai and one in Hunan province have been suspended pending investigations over allegations they took kickbacks from pharmaceutical companies, Chinese state media reported. In an investigative report aired on Saturday, China Central Television showed pharmaceutical sales representatives paying sweeteners to doctors at six hospitals in Shanghai and Hunan. The bribes amounted to 30 to 40 percent of the sales price of the drugs, […]
BEIJING China’s largely rubber-stamp parliament passed a law on Sunday that will levy specific environmental protection taxes on industry for the first time from 2018, as part of a renewed focus on fighting the country’s pollution woes. Anger has risen in the world’s second-largest economy at the government’s repeated failure to tackle land, water and air pollution, with large parts of northern China enveloped in dangerous smog […]
MANILA, Philippines — A powerful typhoon is on its way to slam into the eastern Philippines on Christmas Day as officials struggled to divert people’s attention from family celebrations and travel. A provincial governor offered roasted pigs to entice villagers to move to emergency shelters. Typhoon Nock-Ten packed maximum sustained winds of 114 miles per hour (185 kilometers per hour) and gusts of up to 158 mph […]
BEIJING China’s first aircraft carrier will carry out drills in the Western Pacific, in what the navy called part of routine exercises, but amid renewed tension over self-ruled Taiwan that Beijing claims as its own. The navy said in a statement late on Saturday the Liaoning, along with its accompanying fleet, would conduct “exercises far out at sea”, without giving details of the location or route, in […]
The haiku is a powerful poetic form derived from the original Japanese style, with its structured three lines of five, seven and five syllables. David Lanoue, haiku poet and author, defines it as: “A one-breath poem that discovers connection.” They’re beautiful but not something you expect to find many of in the FT. However, in a fit of experimentation earlier this year, we created an algorithm that […]
A man wearing a Santa Claus costume walks atop Jerusalem’s Old City walls on December 23, 2016 An online Santa tracker run by a Canadian and American defense agency mapped the jolly old gift-giver’s path around the globe Saturday, in what has become a Yuletide tradition. Every Christmas Eve since 1955, the North American Aerospace Defense Command (NORAD) has been tracking Saint Nicholas’s annual voyage to deliver […]
DUBAI Iran plans to ask international oil companies to bid for the second phase of development of its Yadavaran and North Azadegan oilfields, a senior official said on Saturday. That means Chinese firms China National Petroleum Corp (CNPC) [CNPET.UL] and Sinopec (0386.HK), which have played a leading role in developing the fields until now, will have to compete with other firms if they want to maintain that […]
The FBI has launched an investigation into the security breach that had affected computers of the Federal Deposit Insurance Corporation for several years starting from 2010, according to people familiar with the matter. Senior officials of the FDIC believe that the infiltration was sponsored by the military of China, as revealed in a congressional report that was published in July. Hackers Invade The FDIC According to the congressional […]
|By Arabian Post Staff| Dubai saw a 11 per cent surge in the total volume of traded goods in the first nine months of 2016, rising as high as 70.82 million tons of commodities. Imports had the lion’s share at AED 594 billion (46.81 million tons and 12% increase), while exports and re-exports accounted for AED 109 billion (11.84 million tons and 8% increase) and AED 249 […]
A round up of some of 2016’s most significant corporate events and news stories. Smartphone sales © EPA A bright start to the year for Samsung Electronicswent up in smoke, after it took the unprecedented decision to axe its Galaxy Note 7 line, following a spate of safety issues that saw the smartphone banned from aircraft, writes Nic Fildes. The 2016 Galaxy Note iteration won substantial praise […]
By Rodrigo Campos | NEW YORK NEW YORK The year-end stocks rally on the heels of the election of Donald Trump as U.S. president was built on expectations of reduced regulations, big tax cuts and a large fiscal stimulus. Now signs are emerging from the Trump camp that harsher trade policies that could jeopardize the honeymoon are likely in the offing, and investors would be well advised […]
UNITED NATIONS: In a striking rupture with past practice, the United States allowed the UN Security Council on Friday to condemn Israeli settlements in the West Bank and east Jerusalem as a “flagrant violation” of international law. In doing so, the outgoing Obama administration brushed aside Donald Trump’s demands that the US exercise its veto and provided a climax to years of icy relations with Israel’s leadership.The […]
SHANGHAI China, rocked in recent years by a series of food safety scandals, uncovered as many as half a million illegal food safety violations in the first three quarters of the year, an official said. Chinese officials have unearthed a series of recent food health scandals, including rice contaminated with heavy metals, the use of recycled “gutter oil” in restaurants as well as the sale of baby […]
A hundred years ago, an arms race between the dominant global superpower the (British Empire) and a rising power (Kaiser Wilhelm’s Germany) culminated in the mass slaughter of World War One. The deep mistrust between the United States and the People’s Republic of China has all the potential to spawn a traumatic chapter in international relations. Despite its “pivot” to Asia, the Obama White House was cautious […]
The chief executive of Lockheed Martin Corp told President-elect Donald Trump on Friday that she was committed to driving down the cost of the company’s F-35 fighter jet, a day after Trump took aim at the cost of the F-35 in a Twitter post. CEO Marillyn Hewson said she spoke with Trump on Friday afternoon and assured him that she had heard his message “loud and clear” […]
That longstanding principle has largely collapsed since the victory by Mr. Trump, who campaigned on a strategy of breaking all the rules and has continued to speak in unmodulated tones. Continue reading the main story “In some ways, Trump is neutering the Obama administration,” said Douglas G. Brinkley, a professor of history and a presidential historian at Rice University in Houston. “They’ve avoided personally attacking each other, […]
