SHANGHAI : China plans to sell a record amount of treasury bonds in 2022, while keeping overall interest rates of the issuance lower, as Beijing adopts a proactive policy to stabilize economic growth, a senior official at the finance ministry said. China will provide liquidity support for treasury bond […]
Year: 2021
Chinese ride-hailing giant Didi Global has seen its losses deepen after Beijing ordered online stores not to offer the company’s app. The firm reported an operating loss of $6.3bn (£4.7bn) for the first nine months of year as revenues in China fell by 5% in the third quarter. The Chinese […]
Elon Musk has rejected claims that his Starlink satellite internet project is taking up too much room in space. “Tens of billions” of satellites can be accommodated in orbits close to Earth, he told the Financial Times. His comments come after a claim by the head of the European Space […]
MEXICO CITY: Devastated by the loss of his daughter to COVID-19, Jaime Michaus joined hundreds of Mexicans seeking compensation from China and the World Health Organization, despite reservations and uncertain prospects of success. “I’m still not sure if I did the right thing,” Michaus said. “I have mixed feelings because […]
Returned to China in 1997, Hong Kong has endured an overhaul of its political system and a crackdown on political dissent. As the days of 2021 dwindled, so did any remaining traces of democracy in Hong Kong. On Wednesday, a vocal pro-democracy media outlet – one of the last openly […]
CHICAGO: New government rules that halve the isolation period for asymptomatic coronavirus infections lack safeguards that could result in even more infections as the United States faces a record surge driven by the Omicron variant, disease experts said. This week the US Centers for Disease Control and Prevention reduced the […]
STOCKHOLM: Sweden’s Northvolt said on Wednesday its new gigafactory in northern Sweden has assembled its first battery cell, making it the first European company to design and manufacture a battery on the continent. The cell is of a prismatic cell format – a variety of thinner and lighter battery – […]
All 18 wickets fall to fast bowlers on Day 3, as India gain hefty advantage over SA in first Test. Pure fast bowling is pure thrill. Bowlers howling in, the ball bursting out of their palms, bristling off the deck past the startled eyes of batsmen and smacking into the […]
LONDON: Paris Hilton commands as much as US$1 million (RM4.2 million) a night working as a celebrity DJ, entertaining partiers at clubs in China, Dubai and on the Spanish vacation island of Ibiza. This New Year’s Eve, she will be playing an electronic set for the revellers who drop by […]
BEIJING : China aims to cut energy consumption of steel by 2per cent, and to lower carbon emissions in the aluminium sector by 5per cent by 2025, the country’s industry ministry said in a raw materials development plan on Wednesday. The country will also strengthen the exploration of domestic iron […]