BEIJING: Chinese state-media said Covid testing requirements imposed by several places around the world in response to a surging wave of infections were “discriminatory”, in the clearest pushback yet against restrictions that are slowing down its re-opening. Having kept its borders all but shut for three years, imposing a strict […]
Month: December 2022
China will scrap quarantine for travellers from 8 January, officials said, marking the last major shift from the country’s zero-Covid policy. Travellers wait with their luggage at Beijing Capital International Airport, amid the coronavirus disease (COVID-19) outbreak in Beijing, China December 27, 2022. After three years of closed borders, […]
CEO Elon Musk’s preoccupation with Twitter after taking over the tech firm in late October and his sell-off of Tesla shares to fund his Twitter purchase has also contributed to the plunge in stock price SINGAPORE: Tesla’s shares are at their lowest level in years, with the company’s shares dropping […]
SINGAPORE : Chinese refining giant Sinopec Corp has appointed Zhong Fuliang, vice president of its trading arm Unipec, as the new managing director of the unit, according to a company representative. Zhong, 54, replaces Chen Gang, who is set to hand over the managing director’s position in January after reaching […]
MOSCOW: Russian President Vladimir Putin said on Friday (Dec 30) he was expecting Chinese President Xi Jinping to make a state visit early next year in what would be a public show of solidarity from Beijing as Russia’s invasion of Ukraine falters. But an official Chinese readout of a video […]
SEOUL : Samsung Electronics plans to increase chip production capacity at its largest semiconductor plant next year, despite forecasts of an economic slowdown, a South Korean newspaper reported late on Sunday. The move contrasts with the scaling back of investment by rival chipmakers amid falling demand and a glut of […]
BEIJING: Mask-wearing Beijing and Shanghai commuters crowded subway trains on Monday (Dec 26), with China’s two biggest cities moving closer to living with COVID-19, as millions have been infected with the virus across the country. After years of ruthless anti-coronavirus curbs, President Xi Jinping scrapped the country’s zero-COVID policy […]
TOKYO : Toyota Motor Corp reported on Monday a 1.5 per cent rise in November global vehicle output, reaching a new record of 833,104. Domestic production slid 3.3 per cent to 266,174 vehicles, while overseas output rose 3.8 per cent to an all-time high of 566,930 for the month. Global […]
SINGAPORE : In a year when Indian equities emerged as the best performers in Asia and the country took advantage of a structural shift in supply chains from a pandemic-hit China, forecasts of robust economic growth are set to keep stocks on a firm footing. India’s Nifty 50 index struck […]
Tesla Inc is offering discounts on Model 3 and Model Y vehicles delivered in the United States and Canada this month, sales pages on its website showed on Wednesday, amid concerns the automaker is facing softening demand as economies slow. The company is giving a $7,500 credit in the United […]