Date
30 June 2015

BUSINESS

  • “Internet plus” is fast becoming a buzzword in China since Premier Li Keqiang identified it as one of the country’s strategies in developing the economy. But what is “internet plus”? Generally speaking, the strategy is about...
  • Global markets have tumbled recently and A shares also have taken a nosedive despite the limited participation of foreign investors. The Shanghai Composite Index has slumped more than 20 percent after hitting a peak of 5,178...
  • The Hong Kong market tumbled on Monday, apparently thwarting market expectations of a rally in July. Meanwhile, the mainland market plunged due to the government’s aggressive deleveraging moves. The sell-off continued even after the Chinese central bank deployed...
  • The prospect that the US Federal Reserve will start exiting zero policy rates later this year has fueled a growing fear of renewed volatility in emerging economies’ currency, bond and stock markets. The concern is understandable:...
  • Global architectural and design company Aedas is laying off about 100 people in July amid slowing infrastructure investment in China. Also, 40 percent of its employees will take a 3 percent to 20 percent pay cut, according...
  • Scooters are everywhere in Taiwan. According to government data, there are 67 scooters per 100 people on the island, the highest ratio in the world. So if anyone wants to launch a new type of motorcycle,...
  • It turns out that mainland Chinese aren’t the only airline passengers who sometimes feel the urge to open the emergency door. As VietJet Air flight 175 prepared to leave Hanoi for Ho Chi Minh City, 43-year-old...
  • Facebook has opened its first business office in Africa, in Johannesburg, South Africa, to serve businesses across the continent. The social media giant said the new office is the first step in furthering its investment in...
  • Mainland menswear firm China Lilang Ltd. (1234.HK) expects to sustain an uptrend in orders as it prepares for the 2016 spring and summer trade fairs. Chairman Wang Dongxing said he’s very confident that Lilang will continue...
  • Caixin Media Co. Ltd. will take over the sponsorship of Markit’s closely watched China purchasing managers’ index (PMI) from HSBC, starting in August. The index will be renamed the Caixin China PMI. The deal with Markit,...

WORLD

  • On a recent visit to Hokkaido, I saw many exhibitions on the “final battles” of World War II, such the one for the Kuril Islands. The accounts reflect Japan’s own version of history. Meanwhile, I couldn’t...
  • The rising crescendo of bickering and acrimony within Europe might seem to outsiders to be the inevitable result of the bitter endgame playing out between Greece and its creditors. In fact, European leaders are finally beginning...
  • Tunisian authorities have arrested a group of people suspected to have links with a network that is believed to be behind the gunman who carried out Friday’s deadly attack at a beach hotel. Interior Minister Mohamed...
  • Chinese censors are in a bind over WeChat, the Twitter-like instant message platform popular among netizens because of its potential to spread rumors. They fear that unimpeded gossip on WeChat is harder to manage than those...
  • On Friday, the US Supreme Court released a widely anticipated ruling that legalized same-sex marriage nationwide, unleashing a deluge of triumph from marriage equality supporters and criticism from its detractors. In China, where LGBT issues are...
  • A first-time Philippine senator who is the adopted daughter of a film star is edging out veteran politicians as the preferred candidate to replace President Benigno Aquino, although she not yet declared her intention to run,...
  • Tens of thousands of Greeks took to the streets on Monday in a show of support for their leftwing government which is resisting tough austerity measures proposed by foreign creditors under a bailout package. With a...
  • China has promised to invest in the European Union’s new infrastructure fund and warned it didn’t want to see Greece leave the euro zone. Speaking in his first summit with top EU officials on Monday, Premier Li...
  • Despite US accusations that China is engaged in rampant cyber aggression, not all Chinese hackers are out to pilfer and destroy. As Chinese companies grapple with a sharp increase in the number of cyberattacks, many hackers...
  • A point of no return has been reached in the European continent when Greek Prime Minister Alexis Tsipras announced a referendum on the creditors’ final bailout offer. Let us not be distracted by this roller-coaster ride...

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