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 […]
Uber Technologies Inc has reportedly teamed up with officials from Dubai and Dallas to test flying cars within three years. The company aims to hold test flights in Dubai during the city’s Expo 2020 event, its chief product officer Jeff Holden said at a conference in Dallas on Tuesday. Holden was quoted as saying in media reports that the company’s models suggest flying cars could cost $1.32 […]
Dubai’s tourism sector sustained the momentum of its strong 2017 start, with the emirate reporting an 11 percent increase in overnight visitation in the first three months of the year. Dubai’s Department of Tourism and Commerce Marketing (Dubai Tourism) said in a statement that the city saw 4.57 million travellers in Q1, more than double the growth achieved in the first quarter of 2016. Among Dubai’s top […]
After yesterday’s violent gap up in stocks across the globe in response to the “expected” outcome from the French election, today the risk on sentiment has continued if to a lesser extent, with stocks in Europe, Asia all rising while S&P futures point to a higher open. Yen, gold decline, while the euro traded as high as 1.09 this morning before fading some gains; oil is up […]
By Linda Sieg and Tetsushi Kajimoto | TOKYO TOKYO The secretary-general of Japan’s ruling party said on Tuesday he will attend China’s New Silk Road summit in May, a sign Prime Minister Shinzo Abe wants to improve ties with Beijing amid tensions over North Korea’s missile and nuclear programmes. But an adviser to Abe said Tokyo remained cautious about the China-backed Asian Infrastructure Investment Bank (AIIB), created […]
By Nichola Saminather | SINGAPORE SINGAPORE Asian equities advanced on Tuesday as the return of risk appetite following a centrist victory in the first round of the French presidential election lifted several regional markets to multi-year highs, while the euro retained most of its overnight gains. Safe-haven assets, including the yen and gold remained under pressure, while the Canadian dollar fell after the U.S. announced new duties […]
KUALA LUMPUR • Malaysian Prime Minister Najib Razak has launched a 10- year programme to help the country’s Indian community, promising to raise its members’ incomes and educational levels, open up business opportunities and reserve more jobs for them in government. Calling it the Malaysian Indian Blueprint, or MIB, Datuk Seri Najib pledged on Sunday that most of its main components will be delivered within a decade. […]
Ai Weiwei has been described as many things: artist, activist, dissident and filmmaker. To him it is all part of his work. “I don’t care what they call me. I never wanted to be called anything,” he says. His humility and quiet voice drew in the audience during a recent appearance at the Museum of Islamic Art in Doha. It was a retrospective evening, a discussion of […]
Risk is definitely on this morning as European shares soar, led by French stocks and a new record high in Germany’s Dax, after a “French relief rally” in which the first round of the country’s presidential elections prompted investors to bet that establishment candidate Emmanuel Macron will win a runoff vote next month, and who is seen as a 61% to 39% favorite to defeat Le Pen […]
The federal government has announced it has agreed to enhanced cybersecurity cooperation with China, following discussions between Prime Minister Malcolm Turnbull, Foreign Minister Julie Bishop, and Secretary of the Chinese Communist Party’s Central Commission for Political and Legal Affairs Meng Jianzhu. During the discussions held last week in Sydney, Australia and China agreed that neither country would conduct or support cyber-enabled theft of intellectual property, trade secrets, […]
By Ben Blanchard and Ju-min Park | BEIJING/SEOUL BEIJING/SEOUL Chinese President Xi Jinping called for all sides to exercise restraint on Monday in a call with U.S. President Donald Trump, as a nervous South Korea and Japan sought to join drills with a U.S. aircraft carrier strike group headed for Korean waters. Reclusive North Korea said at the weekend it was ready to sink the U.S. aircraft […]
BEIJING Chinese President Xi Jinping and U.S. President Donald Trump discussed North Korea in a telephone call, state news agency Xinhua said on Monday. The report gave no other details. (Reporting by Ben Blanchard; Editing by Paul Tait) ‘); $(‘.second-article-divide’).append($(‘.slider.slider-module’)); $(‘.third-article-divide’).append(”); var median = (relatedItemsTotal / 2); var $relatedContentGroupOne = $(‘.related-content.group-one ul’); var $relatedContentGroupTwo = $(‘.related-content.group-two ul’); $.each($relatedItems, function(k,v) { if (k + 1 Also In World […]
For Myanmar’s first generation of bank customers, there is little difference between a Visa card and one from China’s state-controlled card-payment monopoly, UnionPay. With only 2 per cent of the Southeast Asian nation’s 53m people carrying plastic in their wallets, UnionPay’s rapid push into the frontier market will make its red, blue and green logo one of the first that Burmese youth see when opening an account […]
A Chinese investment firm has signed an agreement with Al Marjan Island (AMI) Company to acquire a plot of land on Ras Al Khaimah’s man-made island. Novel International Group has bought the 720.000 sq ft plot, with plans to develop a tourism and retail project, a statement said. The project involves a mixed-use development hotel, hotel apartments and shops, it added. Alan Feng, director, Novel, said: “The […]
SHANGHAI/BEIJING Global security companies and their smaller Chinese rivals are jostling for business along Beijing’s modern-day “Silk Road”, the grandiose plan for land and sea routes connecting the world’s second largest economy with the rest of Asia and beyond. Representing investments of hundreds of billions of dollars, the pet project of Chinese President Xi Jinping is seen boosting economic growth at home, and as positive for everything […]
Image: Christopher Furlong/Getty Images By Chloe Bryan, Tricia Gilbride, and Laura Vitto2017-04-23 13:09:48 UTC All dogs are good, but some dogs are the best. Using a unique and complex algorithm that we cannot disclose (just kidding, we picked 50 dogs from the American Kennel Club website, gave each a score out of 10, then argued with each other in the case of a tie), we have ranked […]
23 April 2017 Ras Al Khaimah, UAE – Novel international group, a leading highly diversified investment company from China, has signed an agreement with Al Marjan Island (AMI) Company to acquire 720.000 sq. Ft. of landon the man-made island in RasAl Khaimah. Alan Feng, Director, Novel company said that: “Our Group aims at enlarging its presence overseas via high standing partnerships, joint venture and other projects. The […]
By James Pearson and Ju-min Park | SEOUL SEOUL North Korea said on Sunday it was ready to sink a U.S. aircraft carrier to demonstrate its military might, as two Japanese navy ships joined a U.S. carrier group for exercises in the western Pacific. U.S. President Donald Trump ordered the USS Carl Vinson carrier strike group to sail to waters off the Korean peninsula in response to […]
When North Korean traders give Li Jian long lists of the goods they want to buy, he checks the items against a 236-page Chinese translation of the UN sanctions imposed after Kim Jong Un’s regime conducted a sixth nuclear weapons test in September. “If it’s on the sanctions list, we can’t provide it,” Mr Li said from his office in downtown Dandong, the Chinese border city through which […]
The Australian Taxation Office (ATO) has warned overseas organisations selling to Australia that noncompliance with the proposed GST Low Value Goods legislation amendment may result in their websites being blocked. The comments were made in response to a question posed by the Senate Economics Legislation Committee on Friday, which is looking into the Treasury Laws Amendment (GST Low Value Goods) Bill 2017 that will see goods under […]
NEW YORK United Continental Holdings Inc (UAL.N) said on Friday Chief Executive Oscar Munoz will not become chairman in 2018, under an amendment to his employment agreement approved after an uproar over the treatment of a passenger. In a reversal of his earlier employment agreement, Munoz has opted to leave “future determinations related to the Chairman position to the discretion of the Board,” United said in a […]
By Roberta Rampton and Colin Packham | SYDNEY SYDNEY Denuclearisation of the Korean peninsula can still be achieved peacefully because of Washington’s new engagement with China, U.S. Vice President Mike Pence said on Saturday, despite growing fears North Korea could soon conduct a new nuclear test. South Korea is on heightened alert ahead of another important anniversary in the reclusive North that could be the trigger for […]
Two pillars — Trump and China — have supported a bounteous few months for global portfolio investors. But the hope invested in both is starting to fade, casting a bearish tinge over what nevertheless remains a largely optimistic picture. In the case of Donald Trump, expectations that the US president would act swiftly to push though tax reforms, deregulation and bold infrastructure investments are starting to ebb […]
Apple has obtained a permit to test self-driving vehicles, putting the iPhone maker in competition with Google and others. Pictured here is an autonomous vehicle on a test run north of London Apple has joined the list of companies with permits to test self-driving cars in California, according to an updated roster released on Friday by state officials. The iPhone maker has disclosed little about its ambitions […]
