Text size United Nations chief Antonio Guterres voiced concern Wednesday over escalation in Lebanon after intense Israeli strikes stoked fears of a wider Middle East war. “Hell is breaking loose in Lebanon,” Guterres said at the start of an emergency UN Security Council session, adding that “diplomatic efforts have intensified to achieve a temporary ceasefire.”…
Text size Shares in Hong Kong soared more than three percent at Wednesday’s open, extending the previous day’s rally, after China unveiled another interest rate cut the day after a slew of economy-boosting stimulus measures. The Hang Seng Index surged 3.12 percent, or 591.87 points, to 19,592.43, while the Shanghai Composite Index added 1.34 percent,…
Text size The World Trade Organization agreed Monday to establish an expert panel to examine US subsidies for electric vehicles after Beijing accused Washington of unfair competition. The United States slammed China’s complaint, insisting the country was seeking “to distract from its own non-market policies and practices that undermine a fair, competitive, and mutually beneficial…
Text size The US Commerce Department on Monday moved to ban the sale of connected vehicles incorporating Chinese and Russian technology, citing national security risks. The proposed rule will be open for public comment for 30 days and is part of President Joe Biden’s hardening approach to China. tu/dth/st/des Source link
Text size The leaders of the United States, Australia, India and Japan said after a summit on Saturday that they were “seriously concerned” over tensions in the South and East China Seas — while avoiding any direct mention of Beijing. “We are seriously concerned about the situation in the East and South China Seas,” they…
Text size Chinese authorities have disciplined more than 50 officials and arrested 10 people suspected of criminal liability in a deadly fire that killed dozens in January, state media reported Saturday. The fire in the city of Xinyu in central China’s Jiangxi province trapped many people, killing 39 and injuring nine. Public prosecutors approved the…
Israel said it pounded Lebanon’s Hezbollah, just hours after the group’s leader vowed retribution for deadly explosions that targeted its communication devices, killing 37 people and wounding thousands. The Iran-backed Hezbollah blamed Israel for the explosion of thousands of its operatives’ pagers and radios in attacks that spanned two days this week. Israel has yet…
Text size After a recent strong recovery, Rolls-Royce is looking to overcome a setback caused by a defect to one of its engines on a plane flown by Hong Kong’s Cathay Pacific. The British company has seen its share price soar to record highs thanks to a turnaround in performance under chief executive Tufan Erginbilgic…
Text size A cleaning process leading to fuel hose degradation during refurbishment could have caused a recent engine fire on a Cathay Pacific Airbus A350, the European Union Aviation Safety Agency (EASA) said Thursday. EASA said it had widened in an airworthiness directive the number of engine variants potentially affected by the apparent defect, which include…
Traders are growing increasingly worried about China’s economy following another weak reading on retail sales as officials struggle to boost consumer activity MARK RALSTON Text size Asian investors trod cautiously Monday as they struggled to build on recent equity gains, with debate swirling around how big an expected US interest rate cut will be this…