25 June 2017


  • A man waves a Greek flag during an anti-government rally outside the Greek parliament building in Athens. Greece is under the shadow of a huge debt overhang. Photo: Reuters

    An IMF bridge to somewhere for Greece?

    Jun 23, 2017 5:00pm
    The International Monetary Fund has resurrected an old technique – commonly used in the 1980s during the Latin American debt crisis – that would allow Greece to avoid a payment default next month on debt owed...
  • File photo of Choi Soon-sil, a long-time confidante of ousted South Korean president Park Geun-hye. Photo: Reuters

    Friend of former South Korea leader jailed for three years

    Jun 23, 2017 12:39pm
    The friend of former South Korean leader Park Geun-hye, who was at the center of an influence-peddling scandal that rocked the country’s business and political elite, has been sentenced to three years in jail, Yonhap News...
  • The outbreak of the Anti-Rightist Movement was soon followed by the Great Famine between 1858 and1962. Photo:

    China was hell on earth during the Anti-Rightist Movement

    - Jun 23, 2017 10:00am
    This year marks the 60th anniversary of the outbreak of the Anti-Rightist Movement. As expected, all official mouthpieces and state-run media in the mainland are strictly forbidden to touch on the highly sensitive subject. However, while...
  • The downside of government intervention should be obvious to everyone. But that has not stopped politicians such as US President Donald Trump from proposing interventionist and protectionist policies. Photo: Bloomberg

    Donald Trump’s trade knowledge deficit

    Jun 23, 2017 9:24am
    As a longtime champion of liberty and free trade, it is not surprising that the United States enjoys one of the highest standards of living in the world. But unless its policymakers act soon, the US...
  • File picture of Chicago's O'Hare International Airport. Kevin Patrick Mallory failed to disclose US$16,500 stashed in his carry-on luggage upon his return from Shanghai in April. Photo: Wikimedia Commons

    US man charged with passing top-secret papers to Chinese agents

    Jun 23, 2017 9:02am
    A former US defense contractor has been charged with transmitting top-secret documents to Chinese agents in exchange for thousands of dollars in cash. Kevin Patrick Mallory, 60, of Leesburg, Virginia, came to the attention of authorities...
  • EU leaders have been dismissive of British Prime MInister Theresa May's call for sweeping and quick guarantees for expats, including over a million Britons on the continent.
Photo: Reuters

    EU leaders skeptical about May’s Brexit offer

    Jun 23, 2017 8:30am
    Theresa May is offering EU leaders a “fair” deal for compatriots living in Britain after Brexit, although her peers sounded skeptical and demanded more detail, Reuters reports. Given the floor for 10 minutes at the end...
  • File picture of an AP-3C Orion aircraft which the Australian Defense Force will send to the Philippines. Photo: Wikipedia

    Australia spy planes to join fight against IS in Philippines

    Jun 23, 2017 7:58am
    Australia’s defense force said on Friday it will send two military surveillance aircraft to assist Philippine soldiers fighting Islamist militants, as the archipelago nation battles to regain control of its southern city of Marawi, Reuters reports....
  • File picture of a submarine-launched ballistic missile test by North Korea on April 23 last year. Photo: KCNA/AFP

    North Korea tests rocket engine in ICBM push: US official

    Jun 23, 2017 7:45am
    North Korea has carried out another test of a rocket engine that the United States believes could be part of its program to develop an intercontinental ballistic missile, a US official told Reuters. The US assessed...
  • Fosun Group's Hong Kong and mainland-listed shares took a sudden dive after reports that the company is being investigated. Photo: Reuters

    Fosun, Wanda, Anbang and HNA being investigated: WSJ

    Jun 22, 2017 4:59pm
    Banks in China have been ordered to investigate loans made to the country’s top overseas deal makers, the Wall Street Journal reports. These include Anbang Insurance Group Co., HNA Group, Fosun International Ltd. (0656.HK) and Wanda Group. ...
  • Workers dismantle a test-track (inset) in Qinhuangdao, signaling the end of the road for a much-hyped traffic-straddling bus project. Photos:

    China ‘straddling bus’ project gets terminated

    Jun 22, 2017 12:12pm
    A public–private partnership (PPP) project in China to build a futuristic “straddling bus”, a vehicle that would cruise over the top of cars and help resolve urban traffic woes, has officially been scrapped. The Transit Elevated...
  • A video grab showing the destroyed Grand al-Nuri Mosque in Mosul on Wednesday. Photo: Iraqi Military Handout/Reuters

    IS blows up Mosul mosque where it declared ‘caliphate’

    Jun 22, 2017 8:27am
    Islamic State militants blew up the Grand al-Nuri Mosque of Mosul and its famous leaning minaret, Reuters reports, citing an Iraqi military statement, as Iraqi forces seeking to expel the group from the city closed in...
  • Thailand's King Maha Vajiralongkorn is a regular visitor to Bavaria. Photo: Xinhua

    Teenager probed for shooting toy gun at Thai king in Germany

    Jun 22, 2017 8:07am
    German prosecutors said they were investigating a 14-year-old boy suspected of shooting plastic bullets from a toy gun at the King of Thailand who was cycling near Munich late one evening earlier this month. The king...
  • US Secretary of State Rex Tillerson (right) and Defense Secretary James Mattis hold a press conference following talks with their Chinese counterparts at the State Department in Washington on Wednesday. Photo: Reuters

    In high-level talks, US asks China to do more to rein in N Korea

    Jun 22, 2017 7:58am
    The United States pressed China to exert more economic and diplomatic pressure on North Korea to help rein in its nuclear and missile programs during a round of high-level talks in Washington on Wednesday. The meeting...
  • British productivity was 9 percent below the OECD average in 2007. By 2015, that gap widened to 18 percent. Photo: Bloomberg

    Understanding the productivity puzzle

    - Jun 21, 2017 5:00pm
    In all major economies, the so-called productivity puzzle continues to perplex economists and policymakers: output per hour is significantly lower than it would have been had the pre-2008 growth trend continued. The figures are stark, particularly...
  • Following his elevation as crown prince, Mohammed bin Salman (seen here in a file photo) is now the next in line for the Saudi throne. Credit: Reuters

    Saudi king names son as heir to throne

    Jun 21, 2017 4:47pm
    Saudi Arabia’s Deputy Crown Prince Mohammed bin Salman was elevated to crown prince on Wednesday, replacing his cousin, a move that confirms the 31-year-old as next ruler of the oil-rich kingdom. According to a royal decree,...
  • A child cools off from the heat at the Miroir d'Eau (Mirror of Water) in Nantes as unusually high temperatures hit France on Tuesday. Photo: Reuters

    Extreme heat grips Northern Hemisphere on summer solstice

    Jun 21, 2017 4:43pm
    Extreme heat across large tracts of the Northern Hemisphere raised fears for crops in China, fueled forest fires in Portugal and Russia’s Far East, forced flight cancellations in the Southwest United States, and melted tarmac on...
  • Volunteers save the dogs earmarked for slaughter for the Yulin dog meat festival. Photo: Weibo

    Dozens of dogs saved from Yulin festival slaughter

    Jun 21, 2017 2:41pm
    More than 1,000 dogs have been saved from possible slaughter in the run-up to the Yulin dog meat festival in China’s southern Guangxi autonomous region. The annual festival, which has been held since the late 1990s,...
  • International fund managers may have to acclimatize to A shares’ trading environment, much like how the Mongol warriors were 'tamed' by the ancient Han. Photo: Reuters

    China’s MSCI inclusion: What next after the milestone?

    - Jun 21, 2017 1:29pm
    China’s entry into the MSCI global indices is a historic milestone. The MSCI inclusion is small, but slightly higher than expected. China’s efforts in re-regulating stock trading suspension, the expansion of the Stock Connect scheme and...
  • Russian President Vladimir Putin (right) is greeted by Brazilian football legend Pele during the launch of the Confederations Cup in St. Petersburg last Saturday. Photo: Reuters

    Trump factor silences Russia concerns as Confed Cup kicks off

    - Jun 21, 2017 12:49pm
    You may not have noticed it, but FIFA’s Confederations Cup has just kicked off in Russia. The Confed Cup, as it is commonly called, is the football world governing body’s prelude to its staging of the...
  • Daniel Day-Lewis won his third Oscar in 2013 for his performance as the American president in the movie Lincoln. Photo: Internet

    Hollywood star Daniel Day-Lewis retires from acting

    Jun 21, 2017 10:28am
    Hollywood actor Daniel Day-Lewis, 60, has announced his retiremement from acting. “Daniel Day-Lewis will no longer be working as an actor,” The New York Times quoted spokeswoman Leslee Dart as saying in a statement released on...

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