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Search results for: global

China lowers tax rate on heavy rare earths to support industry

Global Times September 06, 2019 18:24:18

The Ministry of Industry and Information Technology has formalised a new law that reduces the resource tax on heavy rare earths from 27 per cent to 20 per cent, a move that analysts said shows China's...

Australia’s underpowered tech industry could boost economy: report

Xinhua September 06, 2019 18:09:04

With proper investment, Australia’s technology sector could give the country’s economy a much needed boost, according to a report released on Thursday by economic advisory group AlphaBeta....

Japanese shares jump to one-month high

-- September 05, 2019 12:45:46

Japanese shares rose on Thursday as investors cheered some easing tension in Hong Kong, British lawmakers’ vote against a “no-deal” Brexit and signs of progress in US-China trade tal...

Asian shares rise amid optimism about Hong Kong

-- September 05, 2019 12:39:19

Asian shares rose on Thursday amid encouraging global developments, including British lawmakers seeking a less chaotic exit from the EU and easing political tensions in Hong Kong. Japan's benchmark N...

India's economy suffers car crash, pain spreads to villages

Reuters September 05, 2019 11:47:59

The narrow lanes in Aliyar and Kasan villages in Manesar, an automotive manufacturing hub on New Delhi's southern outskirts, would usually be packed on Sundays with migrant workers employed at the nea...

China offers dev fund if Solomon Islands breaks Taiwan ties

-- September 05, 2019 11:36:20

China is offering to bankroll a development fund for the Solomon Islands in the South Pacific if it switches diplomatic ties from Taiwan to Beijing, a parliamentary committee in the small island natio...

BoC keeps key interest rate unchanged

-- September 05, 2019 11:23:08

The Bank of Canada (BoC) on Wednesday announced it kept interest rate at 1.75 per cent as it gauged the extent of the damage that deepening trade conflicts have had on the domestic and global economie...

Guatemala declares state of siege after ‘drug dealers’ kill soldiers

-- September 05, 2019 10:45:42

Guatemala’s government on Wednesday declared a state of siege in five northeastern provinces in an effort to regain control after three soldiers were killed by suspected drug traffickers, author...

US hits Iran space agencies with sanctions

-- September 04, 2019 10:55:42

The United States imposed sanctions on Iran’s civilian space agency and two research organisations on Tuesday, saying they were being used to advance Tehran’s ballistic missile programme....

Malaysia's manufacturing PMI drops in August

-- September 03, 2019 14:50:57

Malaysia's manufacturing Purchasing Managers' Index (PMI) fell to 47.4 in August from 47.6 in July. IHS Markit who compiled the survey said in a statement, the PMI is broadly indicative of annual Gro...

Pakistan would not use nuclear weapons first: Imran Khan

-- September 03, 2019 11:56:44

Pakistan would not use nuclear weapons first, Prime Minister Imran Khan said on Monday, amid tensions with arch-rival India after New Delhi revoked the special status of its part of the disputed Kashm...

25 bodies found after California boat fire, nine missing

Reuters September 03, 2019 10:53:23

Divers found 25 bodies on Monday after a pre-dawn fire sank a scuba diving vessel off a Southern California island, leaving nine people unaccounted for, as the US Coast Guard continued its search, med...

UN chief visits Congo Ebola region, pledges solidarity

-- September 02, 2019 14:16:36

The United Nations secretary general visited Congo’s eastern city of Beni on Sunday, pledging solidarity as the region faces an Ebola outbreak that has killed nearly 2,000 people in a year and o...

Australia intercepts Sri Lankan boat with 13 asylum seekers

-- September 02, 2019 12:03:43

Australia’s military intercepted a Sri Lankan boat carrying 13 asylum-seekers last month, Minister for Home Affairs Peter Dutton said on Monday, as Canberra sought to defend the relocation of a...

Argentina imposes currency controls to support economy

-- September 02, 2019 11:43:59

Argentina has imposed currency controls in a bid to stabilise markets as the country faces a deepening financial crisis. The government will restrict foreign currency purchases following a sharp drop...

Global stocks shiver in soaring trade war

Reuters September 02, 2019 10:43:26

Global stock prices fell on Monday after the United States and China imposed new tariffs on each other’s goods, reinforcing investors’ worries over slowing global growth. The E-mini futur...

South Korea August exports fall for ninth month

-- September 01, 2019 12:25:01

South Korea’s exports tumbled in August for a ninth consecutive month, on sluggish demand from its biggest buyer, China, and depressed prices of computer chips globally, government data showed o...

US hits China with fresh tariffs

-- September 01, 2019 11:01:11

The US has imposed fresh tariffs on $112bn (£92bn) of Chinese imported goods. It marks a sharp escalation of the bruising trade war between the world's two largest economies. The move is the f...

China rises to top engine of global economic growth in 70 years

Xinhua August 31, 2019 17:25:24

China has ranked first in terms of contribution to global economic growth since 2006, becoming the leading engine of world economic growth, an official report said Thursday. In the past 70 years, Chi...

US blacklists Iranian tanker ‘bound for Syria’

-- August 31, 2019 14:49:14

The US Treasury has blacklisted an Iranian tanker it claims is being used to ship oil to Syria. The Adrian Darya 1, previously known as Grace 1, was detained by British authorities in Gibraltar in Ju...

Bus plunges into river in Pakistan, killing 24

-- August 31, 2019 12:48:43

A passenger bus carrying about 24 passengers fall into a river in Kohistan district of Pakistan's northwest Khyber Pakhtunkhwa province, killing all the people on board, a senior police officer told X...

Pompeo’s remarks make talks with US more difficult: North Korea

-- August 31, 2019 11:27:55

A recent remark by US Secretary of State Mike Pompeo about “North Korea’s rogue behaviour” will make talks with the United States more difficult, the North’s KCNA news agency o...

Air Canada fined for not using French language

-- August 31, 2019 11:06:30

Air Canada has been ordered to pay a French-speaking couple 21,000 Canadian dollars ($15,700; £12,900) and write them a letter of apology for violating their linguistic rights. The couple compl...

India's GDP growth hits six-year low

Reuters August 31, 2019 10:10:01

India’s economy grew at its weakest pace since 2013 between April and June as consumer demand and government spending slowed amid global trade frictions, raising chances of the central bank cutt...

India announces series of mergers of state-run banks

Reuters August 30, 2019 19:24:47

India announced a series of mergers involving 10 state-owned banks on Friday, as it moves to strengthen a sector struggling under a mountain of debt and ensure stronger balance sheets to boost lending...

India's economic growth seen slipping in Apr-Jun

Reuters August 30, 2019 13:25:01

India’s economy likely expanded at its weakest pace in more than five years in April-June, a Reuters poll showed, as consumer demand and private investment weakened at a time global trade fricti...

Myanmar jails filmmaker for criticising army on Facebook

-- August 29, 2019 15:04:33

A Myanmar court on Thursday sentenced a prominent filmmaker to one year in prison with hard labour for Facebook posts that criticised the military. Min Htin Ko Ko Gyi was arrested in April and accuse...

Malaysia's producer price index falls 2.2 pc in July

-- August 29, 2019 14:58:04

Malaysia's producer price index (PPI) for local production dropped 2.2 per cent year-on-year in July as most sectors posted negative growths, official data showed Thursday. Malaysian Statistics Depar...

Indonesia pledges $40b to modernise Jakarta ahead of new capital

-- August 29, 2019 12:30:57

The Indonesian government is not abandoning Jakarta after announcing plans to move the country’s capital, its planning minister said, pledging to spend $40 billion to save the slowly sinking cit...

UK parliament suspension sparks furious backlash

-- August 29, 2019 11:06:25

The British prime minister's decision to suspend parliament has prompted an angry backlash from MPs and opponents of a no-deal Brexit. It sparked protests across the country, a legal challenge and a...