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● Zhang Feng, Chief Engineer, Ministry of Industry and Information Technology of the People’s Republic of China (MIIT), delivers keynote address at Global Manufacturing and Industrialisation Summit 29 March 2017● Zhang Feng, Chief Engineer, Ministry of Industry and Information Technology of the People’s Republic of China (MIIT), delivers keynote address at Global Manufacturing and Industrialisation Summit Abu Dhabi, UAE – Day one of the Global Manufacturing and […]

By Mark Hosenball and Yeganeh Torbati | WASHINGTON WASHINGTON A U.S. State Department employee with access to sensitive diplomatic information was accused of failing to report her contacts with Chinese foreign intelligence agents who provided her with gifts in exchange for economic information, federal prosecutors said on Wednesday. A State Department spokeswoman had no immediate comment on the charges of obstruction of justice and making false statements […]

Samsung launched its new Galaxy S8 smartphone with a bombastic event in New York, promising a “new beginning” for mobile handset design as well as for the Korean company amid a series of corporate crises. The Galaxy S8’s signature feature is a new “infinity display” which wraps around the edges of the device to give a larger screen in a smaller body. Claiming the biggest design breakthrough […]

When Charles Li was asked last week about the recent wild gyrations of some stocks in Hong Kong, the head of the Hong Kong Exchange compared the market to a city that is reasonably well-run but has “a few dark alleys and little corners”. “We all need to relax,” he added. “This is a great market. You don’t want the regulator to solve all your problems.” Investors […]

Chinese social media company Tencent has purchased a 5 percent stake in Tesla for $1.78 billion, providing a boost to the company as it prepares for the launch of the Model 3 mass-market electric vehicle. The shares of Tesla increased by 2.7 percent to $277.45 upon the announcement of Tencent’s investment, with the company now close to overthrowing Ford as the second most valuable automobile company in the […]

Wednesday 04:40 GMT Overview Asian markets were mixed, with energy stocks benefiting from a recovery in crude oil prices, while the UK pound dropped after Prime Minister Theresa May dispatched the letter that will trigger Britain’s exit from the EU. Hot topic The pound weakened 0.3 per cent to $1.2409 in Asia trade, bringing its losses over the past two sessions to 1.2 per cent, in response […]

The United States Department of Commerce’s Bureau of Industry and Security has removed Chinese telecommunications technology solutions provider ZTE from its trading blacklist following the company pleading guilty to illegally exporting products to Iran. “Upon recommendation by BIS, the company and ZTE Kangxun Telecommunications Ltd will be removed from the Entity List on 29 March 2017 (United States time),” ZTE said in a statement [PDF] to the […]

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BEIJING/TAIPEI A Taiwan man who had gone missing in China is being investigated on suspicion of harming national security, China’s government said on Wednesday, in a case that has caused alarm on the self-ruled and democratic island Beijing claims as its own. Lee Ming-che, a community college worker known for supporting human rights in China, disappeared earlier this month after entering China’s Zhuhai city via the Chinese […]

WASHINGTON The U.S. Commerce Department will remove Chinese telecom equipment maker ZTE Corp (000063.SZ) from a trade blacklist after the company admitted to violating sanctions on Iran, the Commerce Department said in a notice made public on Tuesday, At the same time, the Commerce Department said it would impose severe restrictions on former ZTE chief executive, Shi Lirong, who the agency accused of approving efforts to skirt […]

Tencent Holdings has forked out US$1.78 billion for a 5 percent stake in Tesla, according to a document filed with the US Securities and Exchange Commission (SEC). The announcement came days after the US electric car maker said it was looking to raise funds to scale its business and bring to market its US$35,000-priced Model 3. The company said it expected to secure more than US$1 billion […]

BEIJING The inaugural flight of a new charter service from North Korea’s capital to the northeastern Chinese city of Dandong landed on Tuesday, the official Xinhua news agency said. The launch comes amid ongoing tensions on the Korean peninsula over the hermit state’s missile and nuclear tests, which it says are in response to joint drills between the United States and South Korean military. The twice-weekly flight […]

‘You have here a case where all these are not qualified for the witness protection program but are in conspiracy with De Lima are not named in the information. Would you say that there is a singling out of the accused?’ Associate Justice Marvic Leonen asks Solicitor General Jose Calida Lian Buan Published 5:49 PM, March 28, 2017 Updated 5:54 PM, March 28, 2017 Solicitor General Jose […]

Dawn is the time to see Angkor Wat. Waiting in the dark as the exquisite 11th-century temple is conjured out of the Cambodian jungle feels ridiculously thrilling. As the sun rises above the tall, minutely carved, lotus-like towers, and the ornate magnificence of the buildings is reflected in the great ornamental lakes, you get a sense of how 19th-century French explorer Henri Mouhot must have felt when […]

Australia has shelved plans to ratify a controversial extradition treaty with Beijing following concerns raised by lawmakers over inadequate protections for human rights and rule of law in China.  The decision to pull the parliamentary vote on Wednesday represents a setback for the Australian government, which had warned in recent days that failing to ratify the treaty could damage Sino-Australian relations.  Barnaby Joyce, Australia’s deputy prime minister, […]

Tuesday 08:45 GMT What you need to know ● Markets recovering their poise after “Trump trade” wobble● S&P 500 futures higher and helping European to open on the front foot ● Energy stocks underpinning bourses as oil prices gain ground● Dollar steadies after sliding to four-month lows, Treasury yields nudge up● Gold prices ease back as haven flows dwindle——————- Hot topic Investors are rediscovering their risk appetite […]

HONG KONG Acquisitive Chinese conglomerate HNA Group is in talks to buy a controlling stake in the owner of the publisher of Forbes magazine, two sources with knowledge of the matter told Reuters. Hong Kong-based investor group Integrated Whale Media Investments (IWM), which holds 95 percent of Forbes Media, is also in talks with another Chinese media firm and is scouting for more potential buyers for most […]

MANILA, Philippines — The European Union on Monday summoned a Philippine envoy to explain an expletive-laden tirade by President Rodrigo Duterte, who threatened to hang EU officials for opposing his efforts to re-impose the death penalty. The EU’s external action service, the equivalent of a foreign office, said it hauled Charge d’Affaires Alan Deniega in to its Brussels headquarters to provide “an explanation for the recent, unacceptable comments […]

Like many others, I’m interested in diminutive action cams modeled GoPro’s popular line of devices, which are targeted at people who like to jump off cliffs with one of these gadgets attached to their person. Not surprisingly, there are a number of low-priced competitors coming from obscure Chinese off brands. They sell like crazy, but are they valid rivals or total duds? It’s hard to […]

Peruvian ceviche is the new sushi, according to Sanjay Dwivedi, the executive chef at Coya, which has venues in London, Miami, Dubai and, as of last week, at The Galleria in Abu Dhabi. Coya’s debut in the capital marks the latest in a long list of South American-inspired eateries to have popped up in the UAE in recent months – from Pollo Pollo and Lima to Inka. […]

MANILA: The Philippines Monday (Mar 27) took delivery of two Japanese military surveillance aircraft to help it patrol vital sea lanes in the South China Sea, despite Manila’s increasingly conciliatory stance to Beijing’s claims over the disputed waters. Japan will lease a total of five surplus Beechcraft TC-90 planes to the Philippines, according to Manila’s defence secretary Delfin Lorenzana. Philippine military chief General Eduardo Ano said the […]

Good morning. Here’s our morning roundup of all the media news you need to know. Want to get this briefing in your inbox every morning? Subscribe here. So when President Trump raised the white flag on Obamacare Friday, did he pick up the phone and gave the exclusive to Breitbart, The Daily Caller or LifeZette? Nope. He called reporters at The Washington Post and The New York […]

A Beijing court has overturned a ruling that Apple’s iPhone 6 violated a patent owned by local manufacturer Shenzhen Baili, the South China Morning Post has reported. The Beijing Intellectual Property Office ruled last May that the tech giant violated design patents of the local device with its iPhone 6 and iPhone 6 Plus, and as a result was ordered to cease selling the smartphone in Beijing. […]

China has eclipsed Singapore as the biggest source of investment in Malaysian real estate, as soaring domestic property prices push mainland investors to hunt for bargains abroad. Chinese groups have invested more than $2.1bn in Malaysian real estate over the past three years, compared with $985m invested by Singaporean companies between 2014 and 2016, according to figures from Real Capital Analytics based on completed transactions of $10m […]

Monday 04:30 GMT Overview Dollar weakness weighed down Asia-Pacific equities while government bonds and gold gained as investors in the region sought havens in the wake of US President Donald Trump’s failure to repeal Obamacare. Hot topic The US dollar was lower against a variety of currencies in Asia as investors tempered expectations of pro-business reforms from the Trump administration after Republicans failed to unify around healthcare […]

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