BEIJING (Reuters) – China’s automobile sales fell 11.7 percent in October from a year earlier, the country’s top auto industry association said on Friday, dragging year-to-date sales growth into negative territory for the first time. The drop, the steepest since a 26.4 percent tumble at the start of 2012, also marked the fourth straight month […]
SINGAPORE – Five new areas have been gazetted for development as car-lite precincts, the Land Transport Authority (LTA) announced on Friday (Nov 9). These precincts – namely Marina South, Kampong Bugis, Woodlands North, Bayshore and the Jurong Lake District – will have greater connectivity to public transport as well as alternative travel options such as […]
I still remember growing up in communist China in the 1970s, when my mother and neighbours would use their ration tickets to buy meat at a state-run store. Very little thought went into shopping because there was not much to buy. People simply bought what little was available. Even in the 1980s, shopping in Beijing […]
(Reuters) – Coca-Cola has mastered the business of getting its sweet, fizzy drinks into even the most isolated of Papua New Guinea’s far-flung tropical islands and mountain villages. But getting the proceeds out of the South Pacific nation is proving much more troublesome, undermining efforts by the host of this month’s APEC meeting to portray […]
TOKYO (Reuters) – Half of Japanese companies expect new trade talks with Washington to boost their U.S.-bound exports, a Reuters poll found, despite President Donald Trump’s intensifying drive to cut the trade gap between the two major economies. There are, however, concerns among more than half of the respondents that the talks, which Japan and […]
(Reuters) – Construction industry leaders in British Columbia are urging the Canadian government to ease new limits on steel imports that they fear will have a disproportionate impact on the western province, according to a letter seen by Reuters. The letter, sent to Prime Minister Justin Trudeau and Minister of Finance Bill Morneau on Wednesday, […]
LONDON (Reuters) – British lender Paragon Banking Group (PARA.L) said it will not appeal a ruling against it in a key case concerning the mis-selling of Payment Protection Insurance, Britain’s costliest consumer scandal. The decision has wide implications for other PPI mis-selling cases because if Paragon had appealed to a higher court and lost, that […]
The Straits Times walked away with nine awards at the 9th Asian Digital Media Awards held on Thursday (Nov 8), including for best news site, best reader revenue initiative and best innovation to engage youth audiences. Singapore Press Holding’s flagship paper won two golds, three silvers and four bronzes at the awards, which were held at The […]
HONOLULU — From a distance, the Chinese warship warned the American destroyer that it was on a “dangerous course” in the South China Sea. Then it raced up alongside, getting perilously close. For a few tense minutes, a collision seemed imminent. The American vessel, the Decatur, blasted its whistle. The Chinese took no notice. Instead, […]
NAIROBI (Reuters) – A lawmaker from Kenya’s ruling party has proposed limiting foreign involvement in public contracts after what he said was an outcry about an influx of Chinese businesses driving out local companies. China has become Kenya’s biggest trading partner, accounting for 17 percent of the East African nation’s annual trade by value or […]