Washington has protested to Beijing over a US Navy underwater drone being seized by the Chinese navy in the South China Sea, marking a sharp escalation in already rising tensions between the two countries. China claims sovereignty up to the ‘Nine-dash’ line A US defence official said the device was grabbed as it was being operated by the USNS Bowditch, a survey vessel. The Obama administration issued […]
WASHINGTON A Chinese Navy warship has seized an underwater drone deployed by an American oceanographic vessel in international waters in the South China Sea, triggering a formal demarche from the United States and a demand for its return, a U.S. defense official told Reuters on Friday. The incident — the first of its kind in recent memory — took place on Dec. 15 northwest of Subic Bay […]
General Motors seems determined not to get sidelined by the recent flurry of announcements in the self-driving car category such as those issued by Waymo and Uber. GM’s Chairman and CEO Mary Barra presided a rare press conference last Dec. 15 to declare that GM’s autonomous vehicle called Chevrolet Bolt is now prowling the streets of southeast Michigan. Fleet of self-driving Bolts have already been unleashed in San Francisco […]
Last year, I left work in the UAE to study Arabic full-time in Oman. After almost two decades in the Arabian Gulf, I decided it was time. When I first arrived from Canada at the age 13, Arabic wasn’t offered to me at school. I was told I was too old to learn the language and I should focus on GCSE French. I didn’t mind. I only […]
BEIJING China expressed dissatisfaction on Friday after exiled Tibetan spiritual leader the Dalai Lama met President Pranab Mukherjee, saying it hoped India would recognise the Nobel Peace Prize winning monk as a separatist in religious guise. Mukherjee hosted the Dalai Lama and other Nobel Peace laureates at a conference on children’s rights at the presidential palace on Sunday. Those who attended, and spoke, included Princess Charlene of […]
South Korea’s IT export for November rose 3.3 percent compared to a year ago thanks to semiconductors and displays, the country’s trade ministry has said. The rise ends 14 straight months of decline caused by the rise of Chinese competitors and the global economic downturn. Total IT export for the month was $14.8 billion, a rise of 3.3 percent from a year ago, while import was $8.08 […]
By Andrés González | MADRID MADRID French media tycoon Vincent Bollore is bidding for a stake in Spain’s largest sports broadcasting rights firm at the same time as facing off with former Italian president Silvio Berlusconi for control of Mediaset (MS.MI). Bollore’s Vivendi (VIV.PA) is one of 10 bidders, alongside a number of Chinese and U.S. investors, hoping to land either a 30 percent or 51 percent […]
China has ceded its status as America’s largest creditor nation to Japan after spending a large portion of its foreign exchange reserves to defend the renminbi. Beijing’s ownership of US Treasuries fell by $41.3bn to $1.12tn in October, according to data from the US Treasury released on Thursday — the sixth straight month of decline. Japan’s holdings fell by $4.5bn to $1.13tn for the same period. Thomas […]
BEIJING The family of prominent Chinese legal activist Jiang Tianyong is unable to locate him despite police saying that he had been released on Dec. 1 after spending nine days in detention, his family’s lawyer said on Friday. Disbarred lawyer Jiang, 45, has spoken out about a government crackdown on legal defenders and has been involved in high-profile cases of dissidents who have angered authorities, including blind […]
Chinese government bond yields retreated slightly after the central bank eased a credit squeeze that has been exacerbated by the US Federal Reserve’s rate increase. On Friday morning the People’s Bank of China injected a net Rmb45bn ($6.5bn) into the interbank market through reverse repos, bringing total net injections for the week to Rmb250bn. This marked a reversal from last week when the central bank drained more than […]
By J.R. Wu | TAIPEI TAIPEI Before getting too carried away with Taiwan’s elevated status under a Donald Trump presidency, President Tsai Ing-wen might want to check her bank balance. Trump’s suggestion that the “one China” principle – that Taiwan is a part of China – was up for negotiation has already prompted sabre-rattling from Chinese state media and some in the military establishment. Taipei’s ability to […]
BEIJING China’s military has carried out its first ever live-fire drills using an aircraft carrier and fighters in the northeastern Bohai Sea close to Korea, state media said. China’s growing military presence in the disputed South China Sea has fuelled concern, with the United States criticising its militarization of maritime outposts and holding regular air and naval patrols to ensure freedom of navigation. Ten vessels and ten […]
BEIJING The “one China” principle is the basis for developing ties with China and no country can be an exception to this rule, Chinese Foreign Minister Wang Yi told his French counterpart. U.S. President-elect Donald Trump has upset China by speaking with the president of self-ruled Taiwan, which China claims as its own, and casting doubt on Washington’s nearly four-decade policy of recognising that Taiwan is part […]
DETROIT General Motors Co (GM.N) Chief Executive Mary Barra said on Thursday the automaker will expand testing of self-driving vehicles to Michigan, and will build its next generation of self-driving cars in the Michigan plant that builds the Chevrolet Bolt electric car. Separately, Barra declined to discuss a statement by a Chinese government official that a U.S. automaker could be subject to penalties for price-fixing. “I don’t […]
To understand Arabs and their culture, one must first understand their language, but with many conflicting theories about its origins, this is no easy task. To celebrate a language used by hundreds of millions of people around the world, December 18 is the designated UN Arabic Language Day. The day was established by the UN Educational, Scientific and Cultural Organisation (Unesco) in 2010 to “celebrate multilingualism […]
WASHINGTON/BEIJING China’s plan to punish a U.S. automaker accused of price-fixing is a sign of how Beijing could retaliate if President-elect Donald Trump upends decades of relations between the two nations. Trump’s assertion that the United States need not be bound by the policy that Taiwan is part of “one China” would erode a bedrock of U.S.-China ties that has underpinned the vast increase in trade and […]
This Tuesday, July 19, 2016 photo shows a Yahoo sign at the company’s headquarters in Sunnyvale, Calif. On Wednesday, Dec. 14, 2016, Yahoo said it believes hackers stole data from more than one billion user accounts in August 2013. (AP Photo/Marcio Jose Sanchez) Yahoo said Wednesday more than a billion users may have had data stolen in a hack dating back to 2013—separate from its previously disclosed […]
Submitted by Carey Wedler via TheAntiMedia.org, According to the DEA, the problem with cannabis in the United States isn’t that it’s still designated a dangerous drug with no medicinal value in spite of volumes of emerging scientific research indicating otherwise. The problem is actually that the media has made it difficult for government agents to arrest people for selling and consuming it. The DEA also blames the […]
BEIJING A court in eastern China on Wednesday sentenced the former Communist Party chief of the major city of Nanjing to 12-1/2 years in jail, after finding him guilty of corruption. Yang Weize, Nanjing’s top official, was put under investigation early last year by the party’s internal anti-graft watchdog. The court in Ningbo said Yang accepted bribes, either directly or through his wife, worth 16.4 million yuan […]
SYDNEY Investigators looking for missing Malaysia Airlines flight MH370 are making their last sweep of the search area in the Indian Ocean, Australian authorities leading the search said on Wednesday. Flight MH370 disappeared in March 2014 with 239 passengers and crew on board, most of them Chinese, en route to Beijing from the Malaysian capital of Kuala Lumpur. Its whereabouts have become one of the world’s greatest […]
China’s Ministry of Culture on Tuesday ordered all operators of live streaming platforms in China to apply for a permit from relevant authorities, which shall clearly state that its business scope includes “online performance”. The new requirement came after the State Administration of Press, Publication, Radio, Film and Television (SAPPRFT), and State Internet Information Office (SIIO) — the other two Chinese regulatory departments — in September and […]
HONG KONG HSBC has launched a $290 million lending facility aimed at technology start-ups and other new industries in China’s Pearl River Delta region, intensifying the battle for a slice of a business that is growing despite a slowing economy. Showered with money from private investors over the last few years, the promising technology start-ups in China, the world’s second-largest economy, have shunned traditional lenders, seeking to […]
The former minister of mines and geology for the African Republic of Guinea was arrested on Tuesday in New York and charged with taking $8.5m in bribes in exchange for assigning lucrative investment rights to a Chinese-owned conglomerate. Mahmoud Thiam, an American citizen, was arrested at his home in Manhattan and was expected to appear in court later in the day. Mr Thiam, a former UBS banker, […]
Investors are making a record bet on global bank shares following the US election, according to a new survey of institutional money managers that also highlights the risks to the sector if Donald Trump fails to deliver faster economic growth. The allocation that investors made to bank stocks this month climbed to a weighting of 31 per cent above their benchmarks, up from 25 per cent in […]
