TOKYO (THE YOMIURI SHIMBUN/ASIA NEWS NETWORK) – A growing number of Japanese companies are relocating their production bases from China to other countries over fears of reduced price competitiveness caused by the expected hike in US tariffs on Chinese goods. The United States has imposed incrementally higher punitive tariffs on imports from China. Should the […]
China has pinned the blame of the worsening trade war squarely on the United States, saying that it should bear “sole and entire responsibility” for the talks going south. In a White Paper released yesterday, Beijing accused Washington of backtracking on three occasions and spelt out the damage that the US has wreaked on its […]
In many ways, the just-concluded 18th Shangri-La Dialogue will be remembered as the regional event where China drew level with the United States – optically at least. Chinese delegations to the annual Shangri-La Dialogue have tended to complain about not getting enough airtime to voice their thoughts, compared with the Americans. In turn, the International […]
LONDON (Reuters) – Britain’s private sector reported sluggish underlying growth last month as Brexit uncertainty continues to weigh on many businesses, the Confederation of British Industry said on Sunday. Britain’s economy grew solidly in the first three months of this year, according to official data, boosted in part by factories stockpiling raw materials ahead of […]
SINGAPORE – United States Acting Defence Secretary Patrick Shanahan urged allies and partners to invest in their sovereign future, as he reiterated America’s commitment to the Indo-Pacific region, which he said remains its “priority theatre. “We are where we belong. We are investing in the region. We are investing in you, and with you. And […]
According to three young people nominated for the inaugural Straits Times (ST) Generation Grit Award 2018, the key to picking yourself up in tough times is to allow yourself to cry, but then to reframe your perspective and take ownership of your circumstances. The three were panellists at an askST@NLB session, When Life Gives You […]
TOKYO – Japan’s chief trade negotiator Toshimitsu Motegi on Friday (May 31) called for cool heads to prevail in what has effectively become an “escalation of tariff hikes” that will hurt the global economy. Mr Motegi, who is economic revitalisation minister, is Japan’s point man for trade talks with the United States. He told the […]
SINGAPORE – The question of trust is the more fundamental issue in the ongoing debate and tussle over the world’s next 5G networks given the need for countries to have confidence in the security of the systems, said Prime Minister Lee Hsien Loong on Friday (May 31). Beyond technical considerations that Singapore is mulling over […]
(Reuters) – European stocks tanked on Friday, with auto-makers hit especially hard, after U.S. President Donald Trump widened the scope of his trade wars by threatening to impose new tariffs on Mexican imports. Investors exited riskier equity positions and moved to safer ground, sending European defensive stocks higher and yields on German bonds to record […]
Many farmers in India have found themselves overwhelmed by debt – but should those loans be written off, often at great expense? That’s a question politicians and others in India have been debating in the run-up to nationwide elections in April. Claim: India’s Prime Minister, Narendra Modi, says waiving loans for farmers is not really […]