China’s domestic air traffic is caught between the devil and the deep sea. While it was once the world’s envy after China staged a super fast recovery from the Wuhan coronavirus, air traffic footfalls are now faltering with Chinese authorities… Read More ›
Economy & Finance
Chinese AI startup SenseTime Group holds urgent talks with HKSE following reports of it being placed on US trade blacklist
According to two sources with direct knowledge of the matter at hand, Chinese artificial intelligence startup SenseTime Group is in talks with officials of the Hong Kong Stock Exchange regarding the fate of its $767 million planned IPO in Hong… Read More ›
Australian Airlines Industry To See Price War With New Entrants Into The Market
As new entrants into the jet market confront established incumbents Qantas Airways Ltd and Virgin Australia, Australia’s domestic aviation sector, which was held back by state border closures during the epidemic, is gearing up for a pricing war. Regional Express… Read More ›
30.6% Surge In Vegetable Prices Surge In China In November Amid Soaring Food Costs
Prices of fresh vegetables in China surged by as much as 30.6 per cent in November compared to their prices in the same month a year ago, showed the latest statistics from the country’s National Bureau of Statistics on Thursday…. Read More ›
Canada and UK join diplomatic boycott of Winter Olympic Games in Beijing
Canada has joined the United States, Britain and Australia, in a diplomatic boycott of the Winter Olympics in Beijing. Washington was the first to announce the boycott of the Winter Olympics in Beijing citing China’s gross human rights “atrocities” in… Read More ›
Goldman Sachs faces class action lawsuit related to sub prime crisis
In a significant development U.S. District Judge Paul Crotty in Manhattan ruled that Goldman Sachs Group Inc will have to again face a class action by shareholders who said they lost $13 billion since the bank hid conflicts of interest when… Read More ›
The US Issues Warning Of Flight Diversion And Delays Due To Roll Out Of 5G Technology
The Federal Aviation Administration (FAA) of the United States issued a warning on Tuesday that interference originating from the planned use of 5G wireless spectrum presented a risk to aviation safety and might result in flight delays. Concerns have been… Read More ›
Ford Motor to invest $900M in Thailand
In a statement Ford Motor Co said it would invest $900 million to modernize its factories in Thailand which produces its Ranger pickup and Everest SUV; the investment is the company’s single largest in the country. The investment would be through… Read More ›
India Russia sign 28 investment pacts
In a statement Indian Foreign Secretary Harsh Vardhan Shringla said, New Delhi and Moscow have signed 28 investment pacts including deals on shipbuilding, steel, energy and coal. Putin’s visit to India comes at a time when Russia has just commenced… Read More ›
US Private sector should have full clarity on what’s happening in Xinjiang before operating there: State Department
In a statement the U.S. State Department said, the private sector should have full clarity on what is transpiring in Xinjiang, China. The statement comes at a time when the Biden Administration has decided it will not send government officials… Read More ›