North Korea has stolen $1.6bn (£1.3bn) to fund its weapons programme using cyber-attacks, a leaked United Nations report says. The confidential report says Pyongyang has targeted banks and crypto-currency exchanges to collect cash. Sources confirmed to the BBC that the UN was investigating 35 cyber-attacks. North Korea launched two missiles on Tuesday, the fourth such […]
NEW DELHI (AP) -Sushma Swaraj, India’s former external affairs minister and a leader of the ruling Hindu nationalist Bharatiya Janata Party, died on Tuesday (Aug 6) at a hospital in New Delhi. She was 67. Swaraj died of a heart attack and was rushed to the emergency ward of All India Institute of Medical Science […]
WASHINGTON (Reuters) – The U.S. Federal Reserve may be stuck with a volatile global trade environment for years, but cannot respond to the “day-to-day gave and take” of major nations feuding over the rules of the game, St. Louis Federal Reserve Bank President James Bullard said on Tuesday. Bullard, who was among the earliest advocates […]
WASHINGTON (Reuters) – White House trade adviser Peter Navarro on Monday called on the U.S. Federal Reserve to cut interest rates by another three-quarters of a point to full point by end of year to bring U.S. rates into line to with rates elsewhere. “The Federal Reserve before the end of the year has to […]
LONDON (Reuters) – The yuan pulled back from an all-time low in offshore trade on Tuesday after Beijing appeared to take steps to prevent it weakening further, following a sharp drop that prompted the U.S. government to declare China was manipulating its currency. China said on Tuesday it was selling yuan-denominated bills in Hong Kong, […]
MANILA (REUTERS) – Philippine President Rodrigo Duterte will soon meet his Chinese counterpart Xi Jinping to discuss a 2016 arbitration case over the South China Sea, his spokesman said on Tuesday (Aug 6), as domestic pressure grows on the firebrand leader to stand up to Beijing. Despite his huge popularity and polls consistently delivering an […]
Visitors who have travelled to North Korea since March 1, 2011, will have to apply for tourist or business visas. The United States has revoked visa-free entry rights for foreigners who have visited North Korea in the past eight years, potentially hampering the latter’s tourism industry. The US allows citizens of 38 countries – including […]
HONG KONG (BLOOMBERG) – Tencent Holdings is teaming up with the Chinese Communist Party apparatus to develop “patriotic” video games, edging closer to a government that’s increasingly intolerant of gaming. In Homeland Dream, which was developed in partnership with Party mouthpiece the People’s Daily, players simulate building a city while alleviating poverty and executing tax […]
TOKYO (Reuters) – Japanese hotel operator Unizo Holdings Co (3258.T) said on Tuesday it would reject a bid by H.I.S. Co (9603.T) to raise its stake, adding that the offer lacked synergy and was priced low, setting the stage for a potential rare hostile bid in Japan. Japanese travel agency H.I.S. already owns a 4.79% […]
(Reuters) – European shares steadied on Tuesday after posting their biggest two-day drop in over 3 years, as upbeat German data soothed some of the nerves around the past week’s escalation of U.S.-China trade tensions. German industrial orders rose 2.5% in June, the biggest jump since August 2017, although the government of Europe’s biggest economy […]