Date
24 May 2019

World

  • Zhang Shiping oversaw the growth of China Hongqiao Group into the world’s largest aluminum producer. File photo: Reuters

    China aluminum tycoon Zhang Shiping dies at 73

    May 24, 2019 12:48pm
    Zhang Shiping, who oversaw the rise of China Hongqiao Group into the world’s biggest aluminum producer, died on Thursday at the age of 73, Reuters reports, citing a statement from the firm. Zhang, who in 1994...
  • Neodymium mined in Baotou, China. The country dominates global production of rare earths. Photo: Bloomberg

    Rare earths are no weapon in a trade war

    - May 24, 2019 11:10am
    Rare earth reserves are not a trade war game-changer. Here’s why: 1. There are abundant reserves. The US has several years of its annual consumption in domestic reserves and can also use alternative sources. 2. Most...
  • Iran will not give up on its goals even if it is bombed, President Hassan Rouhani said on Thursday, amid escalating tensions between the Islamic Republic and the US. Photo: Reuters

    Iran says it will not surrender even if it is bombed

    May 24, 2019 9:46am
    Iran will not surrender to US pressure and will not abandon its goals even if it is bombed, President Hassan Rouhani said on Thursday, stepping up the war of words between the Islamic Republic and the...
  • A defense bill put forward by a US Senate panel would authorize the Pentagon to buy more Lockheed Martin F-35 jets to bolster the nation's military might. Photo: Reuters

    US defense bill takes aim at China’s growing influence

    May 24, 2019 9:29am
    The US Senate Armed Services Committee unveiled a draft bill on Thursday that targets China on several fronts, from stemming the erosion of the US military advantage against Beijing to countering the growing Chinese influence around...
  • US President Donald Trump speaks to reporters at the White House on Thursday during an event devoted to ‘America's farmers and ranchers’. Photo: Reuters

    Trump unveils US$16 bln farm aid plan to offset trade war losses

    May 24, 2019 9:19am
    The Trump administration on Thursday unveiled a US$16 billion farm aid package to offset losses from the trade war with China and said payment rates to farmers would be determined by where they farm rather than...
  • Huawei could be included in some form in a potential US-China trade deal, US President Donald Trump suggested on Thursday. Photo: Reuters

    Huawei could be included in US-China trade deal: Trump

    May 24, 2019 9:07am
    Washington’s complaints against Huawei Technologies might be resolved within the framework of a US-China trade deal, President Donald Trump said on Thursday, while calling the Chinese telecoms giant “very dangerous.” “You look at what they’ve done from...
  • Trump administration officials have long viewed China’s yuan as undervalued against the dollar. Photo: Reuters

    US says considering duties on countries that undervalue currency

    May 24, 2019 8:54am
    The US Commerce Department said on Thursday that it is proposing a new rule to impose anti-subsidy duties on products from countries that undervalue their currencies against the dollar, Reuters reports. Representing another move that could...
  • Julian Assange (seen here in a file picture) could face many decades in prison if convicted on US espionage charges. Photo: Reuters

    US charges WikiLeaks founder Julian Assange with espionage

    May 24, 2019 8:46am
    The US unveiled 17 new criminal charges against WikiLeaks founder Julian Assange, saying he unlawfully published the names of classified sources and conspired with and assisted ex-Army intelligence analyst Chelsea Manning in obtaining access to classified...
  • Supporters of Narendra Modi's Bharatiya Janata Party (BJP) celebrate after the party's landslide victory in India's federal election. Photo: Reuters

    Modi stuns opposition with massive win in India election

    May 23, 2019 5:58pm
    India’s ruling Bharatiya Janata Party (BJP) scored a landslide election win on Thursday, giving Prime Minister Narendra Modi another five years at the helm of the world’s second most populous nation. Official data from the Election...
  • Election officers sort ballot papers before counting them inside a vote counting center in Ahmedabad in India on Thursday. Photo: Reuters

    India’s Modi takes early lead as counting of 600 mln votes begin

    May 23, 2019 12:23pm
    India began counting hundreds of millions of votes in its general election on Thursday, with a coalition led by Prime Minister Narendra Modi’s party taking an early lead, Reuters reports, citing TV channels and the country’s...
  • A Hikvision logo is seen at an exhibition during the World Intelligence Congress in Tianjin on May 16. The company's products have been put to use for large-scale video surveillance in China. Photo: Reuters

    US may blacklist China’s Hikvision over Uighur crackdown: report

    May 23, 2019 9:55am
    The United States is considering Huawei-like sanctions on Chinese video surveillance firm Hikvision, in action related to China’s treatment of its Uighur Muslim minority, Reuters reports, citing a person briefed on the matter. Hikvision was named...
  • China must overcome various major risks and challenges from home and abroad, President Xi Jinping said this week as the Sino-US trade war intensified. Photo: Reuters

    Prepare for difficult times, Xi tells Chinese amid US trade war

    May 23, 2019 9:34am
    China must prepare for difficult times as the international situation has become increasingly complex, President Xi Jinping said in comments carried by state media on Wednesday, Reuters reports. During a three-day trip this week to the...
  • Andrea Leadsom, UK Conservative Party's leader of the House of Commons, is seen in a car outside Houses of Parliament in London on Wednesday. Photo: Reuters

    Brexit crisis: Minister quits, piling pressure on Britain’s May

    May 23, 2019 9:02am
    Prominent Brexit supporter Andrea Leadsom resigned from Prime Minister Theresa May’s government on Wednesday, piling pressure on the British leader after a new Brexit gambit backfired and fueled calls for her to quit. Leadsom, Leader of...
  • The slogan 'Yes to Europe' sits on a campaign banner for a Dutch political party ahead of the European Parliament elections in Brussels. Photo: Bloomberg

    Populism and public opinion: where should we draw the line?

    - May 22, 2019 5:24pm
    Member states of the European Union (EU) are set to hold the European Parliament elections between May 23 and 26. Steve Bannon, the former White House chief strategist under President Donald Trump, recently predicted that the...
  • Financial services institutions need to make sense of the vast amounts of data they sit on and drive meaningful outcomes. Photo: HKEJ

    FSI digital transformation: how to squeeze more value from data

    - May 22, 2019 3:52pm
    The pressure from non-traditional financial services institutions (FSIs) is driving the whole financial ecosystem to digitally transform. To become data-driven enterprises, banks and insurance companies need to address three key data management trends: data volume, ubiquity,...
  • Italian Deputy Prime Minister and Interior Minister Matteo Salvini (left) and French far-right Rassemblement National party president Marine Le Pen share the stage at a rally of European nationalists in Milan on Saturday. Photo: AFP

    A vote for populists is a vote for Putin

    - May 22, 2019 1:32pm
    On May 18, European right-wing leaders assembled in Milan for a rally ahead of the European Parliament election this week. Among the attendees were Marine Le Pen of National Rally in France, Geert Wilders of the...
  • A recent survey of members of the American Chamber of Commerce of China and its sister body in Shanghai said 40.7 percent of respondents were considering or had relocated manufacturing facilities outside China. Photo: AFP

    Retaliation rising in China amid trade war: US business group

    May 22, 2019 9:28am
    A top US business lobby in China said nearly half of its members are seeing non-tariff barrier retaliation in China as a result of the increasingly bitter trade war between Beijing and Washington, Reuters reports. The...
  • Beijing's door remains open for resolving the US trade dispute, says Cui Tiankai, China's ambassador to the United States. Photo: Bloomberg

    China ready for further US trade talks, envoy says

    May 22, 2019 9:24am
    Beijing is ready to resume trade talks with Washington, China’s ambassador to the United States said on Tuesday, while blaming the US side for frequently “changing its mind” on tentative deals to end the trade dispute....
  • People in Seoul watch a television screen showing a news broadcast on North Korea's ballistic missile launch in this picture taken on July 5, 2017. Credit: Bloomberg

    Risk of nuclear war at highest since WW2: UN arms research chief

    May 22, 2019 9:01am
    The risk of nuclear weapons being used is at its highest since World War Two, a senior UN security expert said on Tuesday, calling it an “urgent” issue that the world should take more seriously. Renata...
  • North Korea’s ambassador to the United Nations, Kim Song, speaks during a news conference at the UN headquarters in New York on Tuesday. Photo: Reuters

    North Korea warns US over seized ship

    May 22, 2019 8:44am
    North Korea stepped up its campaign on Tuesday for the United States to return a seized cargo ship belonging to Pyongyang, warning Washington that it had violated its sovereignty, Reuters reports. “The United States should deliberate...

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