COLOMBO (REUTERS) – Sri Lanka’s travel industry is starting to suffer the fallout of a political crisis in the middle of its peak tourist season, as uncertainty prompts cancellations by both business and leisure visitors. Tourism makes up about 5 per cent of the Indian Ocean island’s US$87-billion (S$119.3 billion) economy, but the president’s sacking […]
BEIJING (REUTERS) – The United States is trying to “stifle” Chinese technology company Huawei and curb its global expansion with the arrest of a top executive, Chinese state media said on Friday (Dec 7). Huawei Technologies Co Ltd’s chief financial officer, Meng Wanzhou, the 46-year-old daughter of the company’s founder, was detained in Canada on […]
JAKARTA (THE JAKARTA POST/ASIA NEWS NETWORK) – Dozens of bicyclists entered City Hall on Wednesday morning (Dec 5) this week to send a warning to the Jakarta administration and the central government that, if they do not do something about Jakarta’s air pollution within 60 days, they will file a citizen lawsuit. Three of them […]
(Reuters) – The U.S. economy is “performing very well overall,” Federal Reserve Chairman Jerome Powell said in remarks prepared for the opening of a rural housing conference in Washington. The job market in particular “by many national-level measures…is very strong,” with unemployment at a 50-year low, Powell said, capping a week of widespread market nervousness […]
PARIS/JAKARTA • Indonesia’s Lion Air is reviewing plane purchases from Boeing and has not ruled out cancelling orders as relations worsen in a spat over responsibility for a 737 jetliner crash that killed 189 people in late October, sources told Reuters. Group co-founder Rusdi Kirana is furious over what he sees as attempts by Boeing […]
PHNOM PENH (AFP) – More than 30 Cambodian women paid to carry babies for Chinese clients have been released on bail after agreeing to keep the children, officials said on Thursday (Dec 6), as the country tightens its grip on the illegal but lucrative surrogacy trade. The women were charged with human trafficking after they […]
SEOUL, South Korea — North Korea is expanding an important missile base that would be one of the most likely sites for deploying intercontinental ballistic missiles capable of reaching the United States, two experts on the North’s missile programs said Thursday, citing new research based on satellite imagery. The activities at the Yeongjeo-dong missile base […]
TOKYO (Reuters) – Nissan Motor Co (7201.T) has found more cases of improper testing of vehicles in Japan and is considering recalling affected cars, the Nikkei reported on Thursday. Nissan has already revealed a few cases of improper inspections over the past year. In July, it said that sample testing for emissions and fuel economy […]
LONDON (Reuters) – European shares fell on Thursday after the arrest of a top executive at Huawei fed new worries over the Sino-U.S. trade war, hitting export-oriented tech and auto stocks. Huawei’s CFO, Meng Wanzhou, was arrested in Canada and faced extradition to the United States, a development that cast doubt on a 90-day truce […]
TOKYO (Reuters) – The Japanese government has decided to relax the conditions for cutting solar power subsidies for projects that have not started operations following opposition from power producers and other firms. The Ministry of Economy, Trade and Industry (METI) in October had proposed that companies granted permits for solar projects between the fiscal years […]