China’s central government urged local authorities to offer handouts to people struggling with the cost of living, Xinhua News Agency reported, citing a notice from the Ministry of Civil Affairs. Municipalities with the means are encouraged to provide financial aid ahead of the New Year and the Lunar New Year festival in late January, state-owned…
BEIJING — China said on Sunday it was taking countermeasures against two Canadian institutions and 20 people involved in human rights issues concerning the Uyghurs and Tibet. The measures, which took effect on Saturday, include asset freezes and bans on entry and the targets include Canada’s Uyghur Rights Advocacy Project and the Canada-Tibet Committee, China’s…
It was a big disappointment for investors, but also unwelcome news for borrowers and prospective homebuyers waiting for lower interest costs. “Today was a closer call but we decided it was the right call,” Fed chair Jerome Powell said at a news conference after the central bank approved a quarter-point cut in its main lending…
Welcome to this week’s Emerging Cricket Roundup, condensing all the major news into one easy-to-digest place. In this week wrap: Headlines Mixed results at the U19 Asia Cup Americans shine in Global Super League Thailand dominate Hong Kong Quadrangular Regional tournaments underway Mixed results at the U19 Asia Cup Nepal’s Santosh Yadav celebrates a wicket…
Oil was steady after OPEC+’s decision to push back the revival of shuttered production by another three months failed to lift sentiment in a market that’s expected to suffer from a glut next year. West Texas Intermediate traded above $68 a barrel after closing 0.4% lower on Thursday. Brent settled near $72. OPEC and its…
Options suggest that some traders may have already started to hedge against a potential pullback in Bitcoin after the original cryptocurrency surged to more than $100,000 for the first time. There has been an uptick in demand for puts, or contract that gives the buyer the right to sell an asset at a predetermined price…
TAIPEI, TAIWAN — Paraguayan Foreign Minister Ruben Dario Ramirez Lezcano said Friday the country remains committed to diplomatic ties with Taiwan despite farm sector calls for it to switch to having formal relations with China. At the same time, Ramirez Lezcano said his government is open to establishing trade and other relations with Beijing as…
RIO DE JANEIRO — As the world’s two largest economies vie for influence in South America, Brazil sits at the heart of the global power struggle. The choices the country makes in the coming years could reshape the region’s economic and political trajectory, according to analysts. Chinese President Xi Jinping’s recent visit to Brazil for…
BRASILIA, BRAZIL — Chinese President Xi Jinping and his Brazilian counterpart Luiz Inacio Lula da Silva said on Wednesday they had raised the status of their countries’ global strategic partnership during a state visit on a regional tour showing Beijing’s growing diplomatic clout. Xi and Lula said the China-Brazil relationship had become a “Community with…
Brasilia, Brazil — China’s President Xi Jinping will pay a state visit to Brazil Wednesday, fresh off a warm reception at summits of the G20 and APEC groups, both held under the cloud of Donald Trump’s White House return. Xi has said he would seek to “further enhance” ties with Brasilia when he meets counterpart…