Tag Archives: China

US stocks plunged on Wednesday, with the Dow Jones Industrial Average falling more than 450 points, as investors were spooked by the latest signals from the bond market that pointed to a heightened risk of a recession. US Treasury yields took another dramatic drop and the premium on three-month bill …

Scientists say they have created the world’s first human-monkey hybrid in a laboratory in China. The researchers, who want to use animals to create organs for human life-saving transplants, say creating the hybrid was an important step. And they pledged to continue their experiments using primates. The team revealed that …

The Chinese government announced Wednesday that it will suspend a program allowing solo tourists from 47 cities to visit Taiwan, amid rising cross-strait tensions. In a statement, China’s Ministry of Culture and Tourism said the travel ban would come into force on August 1, effectively banning all individual leisure travel …

China warned on Wednesday that it was ready for war if there was any move toward Taiwan’s independence, accusing the United States of undermining global stability and denouncing its arms sales to the self-ruled island. The Pentagon said this month the U.S. State Department had approved sales of weapons requested …

Manchester City boss Pep Guardiola has refuted claims his club behaved disrespectfully while on a pre-season tour to China. In an opinion piece published by Chinese state news agency Xinhua, it was claimed that the Premier League champion showed “utter disrespect” to locals, treating the trip as “nothing more than …

Chinese telecom giant Huawei has secured more than 50 commercial contracts for 5G across the world, according to the company’s board member and Senior Vice President Catherine Chen, who was cited by news agency Xinhua. Despite pressure from Washington on its allies to ban Huawei technology, Chen said that 28 …

Media coverage of recent clashes between demonstrators and police in Hong Kong has focused on acts of police violence, but overlooked footage shows at least one instance in which protesters brutally beat a cowering riot cop. A short video clip shared on Twitter captured a harrowing moment from Sunday’s demonstration …

Google has terminated its widely covered “Project Dragonfly” to build a search giant in China, Google Vice President of Public Policy Karan Bhatia told a Senate Judiciary Committee hearing on Tuesday, in response to a question from Republican Senator Josh Hawley about its potential and planned business ventures on Chinese …

State-owned Trade Bank of Iraq (TBI) is expanding into China and the Gulf, seeking to lift its revenues from retail banking and international operations to 30% by 2022 from 25% now, its chairman said on Sunday. The bank plans to open a representative office in China next year and is …

A tornado swept through the northeastern Chinese province of Liaoning, killing six and injuring 190, the state broadcaster said, amid a series of “extreme” weather events that government forecasters have linked to climate change. The tornado damaged nearly 3,600 homes and affected more than 9,900 residents in Kaiyuan, a city …

China told Britain to keep its hands off Hong Kong on Wednesday while London called for Beijing to honor the agreements made when the city was handed over in 1997, escalating a diplomatic spat over the former British colony. Beijing denounced British Foreign Secretary Jeremy Hunt as “shameless” and said …

A fire aboard a Russian navy research submersible has killed 14 crew members, the Russian defense ministry says. It says the crew members were poisoned by fumes when the vessel caught fire while taking biometric measurements in Russian territorial waters on Monday. The fire was later put out and the …

The US and China have agreed to resume trade talks, easing a long row that has contributed to a global economic slowdown. US President Donald Trump and China’s President Xi Jinping reached an agreement at the G20 summit in Japan. Trump also said he would allow US companies to continue …

Up to 20 million manufacturing jobs around the world could be replaced by robots by 2030, according to analysis firm Oxford Economics. People displaced from those jobs are likely to find that comparable roles in the services sector have also been squeezed by automation, the firm said. However, increasing automation …

US delivery company FedEx has filed a lawsuit against the US government, arguing that it should not be required to enforce federal government export bans. The move comes after FedEx mishandled a couple of deliveries for Huawei, and failed to deliver a Huawei smartphone shipped from Britain to the United …

Seven-storey building has collapsed in Cambodia, killing at least seven people with others reported missing, officials say. At least 21 people have been injured – several critically – as the search for survivors continues into the evening. The under-construction building in the coastal city of Sihanoukville was owned by a …

Amid the ongoing trade war with the US, China appears to be “rolling out the red carpet for the rest of the world,” reducing tariffs on countries competing with the US, an international economics think tank says. Beijing is not sitting idly by, waiting to see who can outlast the …

India is set to overtake China as the world’s most populous country in less than a decade, according to a new United Nations report. China and India currently account for about 37% of the entire global population of roughly 7.7 billion, with China currently home to about 1.4 billion people …

Chinese President Xi Jinping will arrive in North Korea on Thursday for a two-day state visit, his first official trip to the country since he came to power in 2012. Xi is making the trip “at the invitation” of North Korean leader Kim Jong Un, Xinhua reported Monday. North Korean …

Huawei will delay the launch of its much-touted foldable 5G Mate X smartphone by three months, the latest setback for the company that was slapped with U.S. sanctions last month. The Mate X, a competitor to Samsung Electronics’ Galaxy Fold, is expected to be rolled out globally in September, Vincent …