The relationship between China and the U.S. has always been tense when it comes to trade and this is unlikely to change, a member of the monetary policy committee at the People’s Bank of China told CNBC Friday. “Look back 20 years ago, the relationship is always bumping. We always have the problem of trade […]

The United Nations has become unfit for purpose as it insists on attempting to fix the world’s problems as if it were 1945, an influential member of the Saudi royal family told CNBC. “We are still dealing with the world today as it was dealt with in 1945. We have seen the breakdown of the […]

Samsung Electronics Co Ltd said on Thursday it has received a permit to test self-driving vehicles in California, marking the entry of the world’s largest smart phone maker four months after iPhone maker and arch rival Apple Inc received a permit. Its parent company in May secured permission from South Korean authorities to test a […]

China has the resources and ambitious top-down plans to potentially create an intelligent economy powered by artificial intelligence and machine learning over the next several years, according to a new report from Goldman Sachs. In the report, titled “China’s Rise in Artificial Intelligence,” the investment bank said the world’s second-largest economy has emerged as a […]

When President Donald Trump walked away from the Trans-Pacific Partnership, he set off a series of geopolitical recalculations across Asia. The U.S. withdrawal from the TPP had widely been considered a political boon for China, and that has lead countries such as Japan to worry they’ll lose influence. “Some Chinese officials saw the TPP as […]

Officially, the starting pistol has yet to be fired for an election. But in Malaysia’s palm oil plantations, the battle for key votes is well underway. Seeking re-election, Malaysian Prime Minister Najib Razak in July offered cash hand-outs and debt relief to palm oil farmers, a show of government largess that political commentators say is […]

Six months after Japan’s premier Shinzo Abe bonded with Donald Trump on a golf course amid hopes he’d be a pragmatic partner, a consensus is emerging that Tokyo must reduce risks from the unpredictable president by forging ties with his more mainstream advisors. The increasing controversies surrounding Trump coincide with rising tension over North Korea’s […]

A former vice-chairman of China’s securities regulator, Yao Gang, is being investigated for taking bribes, the official China Daily said, citing the prosecutors’ office. Yao was one of the most senior figures arrested in a crackdown on suspected stock manipulation in late 2015, after the mid-year collapse of the Chinese stock market following a long […]

A private survey on China’s manufacturing activity will be released on Friday at 9.45 a.m. SIN/HK as market watchers keep their eyes on the world’s second-largest economy ahead of a key leadership meeting in October. The Caixin/Markit manufacturing Purchasing Managers’ Index was expected to dip slightly to 50.9 in August from 51.1 in July, according […]

Launches of new digital currencies, known as initial coin offerings (ICOs), have shaken up social and economic order, created hidden financial risks, and in some cases may amount to fraud, China’s National Internet Finance Association said. ICO investors should be wary and report any suspected crimes to police, the state-backed association said in the latest […]