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BEIJING, China (AFP) — Chinese billionaire Jack Ma, founder of ecommerce giant Aibaba, is going to step down as president of the elite business school he founded after having been caught in a Beijing clampdown on tech titans, the Financial Times reported Monday. Ma, formerly one of China’s most flambouyant entrepreneurs, has largely disappeared from public view since Alibaba’s fintech arm was investigated and fined by regulators for alleged monopolistic practices. The Financial Times report […]
BEIJING, China (AFP) — Twenty-one people were killed after hail, freezing rain and high winds hit runners taking part in a 100-kilometer cross-country mountain race in China, state media said Sunday. One runner who had been missing was found at 9:30 am, but “had already lost their vital signs”, state broadcaster CCTV reported, citing the local rescue command headquarters. “This suggests that this incident caused 21 deaths in total,” CCTV said. City officials had earlier […]
BEIJING, China (AFP) — At least 16 people were killed and five more are missing after extreme weather hit runners taking part in a 100-kilometer cross-country mountain race in China, state news agency Xinhua said Sunday. “Extreme weather hit the area during the race” being held in the Yellow River Stone Forest near Baiyin City in northwestern Gansu province, Xinhua said. “As of 3 a.m. Sunday, 16 people were found dead and the rescue of […]
SHANGHAI, China (AFP) — China’s Mars rover drove from its landing platform and began exploring the surface on Saturday, state-run Xinhua news agency said, making the country only the second nation to land and operate a rover on the Red Planet. The launch last July of the Tianwen-1 Mars probe, which carried the Zhurong rover, marked a major milestone in China’s space program. Tianwen-1 touched down on a vast northern lava plain known as the […]
BEIJING, China (AFP) — A series of strong earthquakes rattled northwest and southwest China, leaving at least two people dead, local officials and seismologists said early Saturday. Both Qinghai province in the northwest on the Tibetan plateau and Yunnan province in southwestern China are areas prone to earthquakes. And both tremors were shallow, meaning they generally cause more damage. The Yunnan quake, which had a magnitude of 6.1, struck first at 9:48 pm Friday (1348 […]
BEIJING, China (AFP) — A series of strong earthquakes rattled northwest and southwest China, leaving at least two people dead, local officials and seismologists said early Saturday. Both Qinghai province in the northwest on the Tibetan plateau and Yunnan province in southwestern China are areas prone to earthquakes. And both tremors were shallow, meaning they generally cause more damage. The Yunnan quake, which had a magnitude of 6.1, struck first at 9:48 pm Friday (1348 […]
BEIJING, China (AFP) — China on Thursday branded the United States an “out-and-out security risk creator” in the South China Sea, after an American warship sailed through waters near the disputed Paracel Islands. Tensions in maritime waters claimed by both China and many of its neighbors have ratcheted up recently, with Beijing staging live-fire drills and sending hundreds of fishing vessels to a reef claimed by the Philippines. China’s military said the USS Curtis Wilbur, […]
BEIJING, China (AFP) — Solar panels against an alien landscape, ramps and rods pointing at the Martian horizon — China’s first probe on the Red Planet has beamed back its first “selfies” after its history-making landing last week. The Zhurong rover was carried into the Martian atmosphere in a lander on Saturday, in the first ever successful probe landing by any country on its first Mars mission. Zhurong, named after a mythical Chinese fire god, […]
by Sebastien Ricci with Joseph Sotinel in London NEW YORK, United States (AFP) — Bitcoin’s value plunged on Wednesday after China signaled a new crackdown on the cryptocurrency, but its losses were cushioned after Tesla head Elon Musk spoke up on Twitter. The virtual currency fell to almost $30,000 — less than half the record value it reached last month — before climbing back over $39,500 around 2000 GMT. It was still above its level […]
President Duterte says “one of these days, maybe the Filipino people should demand the truth” (Eagle News) – Former Senate President Juan Ponce Enrile questioned the back-channeling talks done by former Senator Antonio Trillanes IV with China in 2012 on the Scarborough stand-off, saying Trillanes’ close connection with Chinese officials should be looked into. Enrile, 97, who had also served as Defense Minister for over 14 years during the administration of the late President […]
BEIJING, China (AFP) — Bitcoin plunged below $40,000 for the first time in more than three months Wednesday after China said cryptocurrencies would not be allowed in transactions and warned investors against speculative trading in them. The comments sent the unit diving more than 10 percent and dealt it another blow soon after being battered by comments from tycoon Elon Musk and his Tesla car company. Trading in cryptocurrencies has been banned in China since […]
BEIJING, China (AFP) — Engineers were inspecting a skyscraper in southern China on Wednesday, a day after it triggered widespread panic when it suddenly began shaking, as people took to social media to ask if shoddy construction may have been to blame. The 300-meter (1,000-foot) SEG Plaza in the southern city of Shenzhen near Hong Kong began swaying in the early afternoon on Tuesday, prompting people inside and those on the streets below to flee. […]
