BEIJING (BLOOMBERG) – It’s the beginning of the end for the era of mega-dam building in China. China Three Gorges Corp on Monday turned on the first set of generators at the massive Wudongde hydropower plant, deep in the mountains of Yunnan province. About 170km downstream on the Jinsha River sits Baihetan, the last of […]
BEIJING (XINHUA, AFP) – China’s two-time Olympic badminton champion announced his retirement in a social media post on Saturday (July 4), thanking his family and fans. The announcement means that Lin, who took golds at the Beijing and London Games, will not be competing in the next Olympics in Tokyo. The Chinese badminton great announced […]
(Reuters) – Apparel company Lucky Brand Dungarees is filing for Chapter 11 bankruptcy, it said on Friday, becoming the latest retailer to fall victim to the coronavirus pandemic. The firm said it had entered into a “stalking horse asset purchase agreement” with SPARC Group LLC, which owns brands such as Aeropostale and Nautica, for the […]
BRASILIA (Reuters) – Brazil’s economy minister, Paulo Guedes, said on Friday that the tax reform proposed by President Jair Bolsonaro’s government is ready and now requires political agreements to move forward. “It is absolutely ready to be dispatched, and now we have to make the political arrangements to see how we are going to move […]
FRANKFURT (Reuters) – Commerzbank’s chairman and chief executive stepped down on Friday, bowing to demands from top shareholder Cerberus that the German lender change its strategy to stop a downward spiral in its financial performance. The resignations of chief executive Martin Zielke and supervisory board chairman Stefan Schmittmann cap weeks of drama after the U.S. […]
ISLAMABAD (REUTERS) – Pakistani Foreign Minister Shah Mehmood Qureshi said on Friday (July 3) he had tested positive for Covid-19, days after holding high profile meetings including one with US special representative on Afghanistan Zalmay Khalilzad in Islamabad. “This afternoon I felt a slight fever and immediately quarantined myself at home,” Qureshi said on Twitter. […]
(Reuters) – European stocks fell on Friday after gaining ground during the week as a surge in U.S. coronavirus cases made investors less optimistic about prospects for a rebound in the global economy. After opening largely flat, the pan-European STOXX 600 index lost ground as the session wore on, with personal & household goods makers […]
OTTAWA (REUTERS) – Hong Kong’s new security law has prompted a sharp uptick in inquiries from families looking to relocate to Canada, but Ottawa’s strict Covid-19 border control measures are making it nearly impossible to get in, immigration lawyers said. Even before the law took effect this week, refugee claims from Hong Kong in the […]
SAMUT PRAKAN (REUTERS) – Thailand’s main international airport unveiled rapid coronavirus tests on Friday (July 3) for some overseas arrivals after a three-month ban on foreign visitors was partially lifted this month. All foreigners, except those with work permits, have been barred since March, but after more than five weeks with no recorded community transmission […]
KUALA LUMPUR – Several Umno chiefs have questioned a decision by its leadership to nominate Malaysia’s Prime Minister Muhyiddin Yassin as the prime ministerial candidate should the ruling Perikatan Nasional (PN) alliance win the next general election. Former Cabinet minister Shahrir Samad said it was premature to name Tan Sri Muhyiddin as PN’s next PM […]