On Wednesday, China’s top internet regulator, the Cyberspace Administration of China (CAC), published an updated list of 1,358 internet news services, saying information service providers are only permitted to reprint news from them. The development comes midst a regulatory crackdown… Read More ›
China
VW’s deliveries of battery operated vehicles in China more than triple
In a statement Volkswagen said, deliveries of battery-powered electric vehicles to China have more than tripled in the first nine months of 2021. For the January to September period, deliveries of battery electric vehicles (BEV) stood at 47,200 up from… Read More ›
Support for Taiwan rock solid: White House
With China raising the stakes in a potential invasion of Taiwan, White House press secretary Jen Psaki said, Washington’s commitment towards Taiwan is “rock solid”. “We will continue to support Taiwan’s self defense,” said Psaki.
Chinese President Xi Jinping unlikely to attend COP26: The Times
As per a report from The Times, Chinese President Xi Jinping is unlikely to attend the crucial climate conference in Scotland. Britain, which is hosting the 26th United Nations Climate Change Conference of the Parties, also known as COP26, in… Read More ›
Thailand opens up tourism sector for vaccinated visitors from low risk countries
On Tuesday, shares of Thailand’s airlines and hotels rose in early morning trade, following an announcement by the prime minister that from November more vaccinated tourists would be allowed to visit the country. Late on Monda, Prayuth Chan-ocha said mandatory quarantine… Read More ›
Britain boosts naval presence in Asia, midst rising tensions
In a significant development, Britain’s new aircraft carrier the HMS Queen Elizabeth made a pit stop in Singapore as part of a move to boost Britain’s military presence in Asia midst rising tensions in the region. The aircraft carrier led… Read More ›
Unreliable power supply haunts Chinese industries
In signs of a worsening power crisis in China, the country’s largest provincial economy warned of worsening power shortages despite Beijing’s best efforts to boost coal supply and boost electricity production. According to analysts, China’s power crisis is expected to… Read More ›
Nasdaq listed Universal Electronics Inc admits to employing Uyghur workers at its Qinzhou plant
In a significant development, Universal Electronics Inc, a U.S. remote-control maker said, it has struck a deal with Chinese authorities in Xinjiang to transport hundreds of Uyghur workers to its factory in Qinzhou, in the first confirmed case of a… Read More ›
Evergrande prioritizing domestic creditors over foreign ones
According to sources familiar with the matter at hand, China Evergrande’s offshore bondholders have yet to receive their due coupon payment by the close of Asia business on Wednesday, despite the cash strapped Chinese developer reaching a $1.5 billion debt… Read More ›
Investor group with $4 trillion of assets under management focus on meeting climate change goals for Asian firms
On Wednesday, in a significant development, a group of six investors with a combined $4 trillion of assets under management said, it aims to increase engagement with large Asian companies, including energy producers and banks, to ensure that they have… Read More ›