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HONG KONG, China (AFP) — Asian investors moved nervously Thursday as they struggled in the face of multiple headwinds, while oil prices resumed their drop and the pound struggled to hold its gains. Fears about the China-US trade war, rising Federal Reserve interest rates, tensions within the European Union and slowing growth in most economies have helped drive stocks south for the past few months. And this week it has been the turn of the […]
SINGAPORE, Singapore (AFP) — A rulebook to settle disputes in the hotly contested South China Sea should be finished in three years, Chinese Premier Li Keqiang said on Tuesday, saying his nation does not seek “hegemony or expansion.” Li’s comments appeared to be the first clear timeframe for finishing the code of conduct. Talks have dragged on for years, with China accused of delaying progress as it prefers to deal with less powerful countries on […]
(Eagle News)–President Rodrigo Duterte will “reiterate the Philippines’ principled positions on matters concerning the South China Sea and transnational and transboundary issues..,” Malacañang said on Tuesday, Nov. 13. According to the Palace, these issues include “terrorism, violent extremism, trafficking in persons, illicit drugs and disaster risk reduction and management.” The Palace said the Philippines was looking forward to “discussions on regional and global developments that impact regional peace, security and stability.” Since President Duterte assumed […]
SHANGHAI, China (AFP) — Chinese e-commerce giant Alibaba filled a record $30.7 billion in orders on Sunday during its annual “Singles Day” shopping frenzy, but growth slowed from previous years. The world’s biggest 24-hour shopping event, celebrating its tenth year, kicked off early Sunday and once again shattered its own sales mark as Chinese online buyers seized on promotions to snap up everything from electronics to clothing and housewares. Sales rose 27 percent, compared with […]
by Ludovic EHRET Agence France Presse BEIJING, China (AFP) — Sneakers on a popular Chinese e-commerce platform look like Adidas, but are branded “Ababis”. Underwear resembling Calvin Klein are called “Caiwen Kani”. Toys with an uncanny resemblance to a certain blockbuster movie franchise opt for “Star Wnrs”. As China held its massive annual “Singles Day” online sales event on Sunday, shoppers could still find cheap imitations on Alibaba’s Taobao app despite the company’s efforts to […]
by Ludovic EHRET Agence France-Presse ZHUHAI, China (AFP) — China is unleashing stealth drones and pilotless aircraft fitted with AK-47 rifles onto world markets, racing to catch up to US technology and adding to a fleet that has already seen combat action in the Middle East. Combat drones were among the jet fighters, missiles and other military hardware shown off this week at Airshow China, the country’s biggest aerospace industry exhibition. A delta-winged stealth drone […]
LONDON, United Kingdom (AFP) — China’s Xiaomi unveiled the Mi 8 Pro smartphone in London Thursday, making a UK debut as the tech giant ramps up its European presence before an expected American launch next month. Xiaomi, which is looking to gain ground on rivals Apple, Huawei and Samsung, revealed the flagship product at a launch event at the Barbican Centre. The Mi 8 Pro will go on sale in Britain on Friday, the group […]
(Eagle News) — President Rodrigo Duterte will invite Xi Jinping to his home in Davao when the Chinese leader visits the Philippines in November, the Palace said on Thursday, Nov. 8. Presidential Spokesperson Salvador Panelo made the confirmation in an ambush interview. Xi is expected to visit the Philippines by the end of November, his first visit to the country under President Duterte’s administration. If his visit to President Duterte’s house will push through, he […]
KAOHSIUNG, Taiwan (AFP) — Taiwanese President Tsai Ing-wen vowed Thursday that the island would not “concede one step” in defending itself as she inaugurated two frigates bought from the United States aimed at boosting Taipei’s naval capabilities against China. Rival China has upped military drills including a live fire exercise in the Taiwan Strait in April, declaring its willingness to confront the island’s “independence forces”. Beijing still claims self-ruled Taiwan as part of its territory […]
(Eagle News) — Magdalo Rep. Gary Alejano on Wednesday, Nov. 7, urged President Rodrigo Duterte to fire Michael Yang as his economic adviser. According to Alejano, Yang, who was a Chinese national, “may have access to confidential and sensitive information which could affect national security” in his current post. He said Yang “has close connections with the Chinese government which we have standing territorial disputes and tense diplomatic relations with.” “Further, it allows a foreigner […]
BEIJING, China (AFP) — As one of the world’s richest men and most active philanthropists, Bill Gates usually has his hands full. Just not with poop. So it came as a surprise when the founder of Microsoft brandished a jar of human waste at a forum on the future of the toilet in Beijing on Tuesday. The stunt was an effort to draw attention to a problem affecting developing countries around the world: not […]
HONG KONG, China (AFP) — Asian markets mostly fell Monday after Donald Trump’s top economics adviser took the wind out of their sails by downplaying the chances of a quick deal to end the China-US trade war. The US leader fuelled a blistering rally in the region Friday by tweeting that he had held positive talks with Chinese President Xi Jinping, before a report said he had even asked officials to draw up a draft […]
