Federal regulators are expected to scrap Obama-era rules that require internet service providers to treat all web traffic equally, according to Politco. Federal Communications Commission (FCC) Chairman Ajit Pai, who was appointed by President Donald Trump, will reveal plans on Tuesday to his fellow commissioners to fully dismantle the agency’s core net neutrality rules, Politico […]
Read moreAsia markets were set to open higher, following gains in U.S. equities overnight amid strong economic data. Australia’s SPI futures traded at 5,983, a touch above the ASX 200’s previous close at 5,945.67. Nikkei futures in Chicago traded at 22,460, while Osaka futures were at 22,480. They indicated a higher open for the Japanese benchmark […]
Read moreWomen’s clothing brand Victoria’s Secret has wrapped its first ever fashion show in China, although the brand’s move east has not been without its issues. Its annual show was held in Shanghai this year, but politics in the region caused problems for the event organizers. Katy Perry, who was expected to perform, was reportedly denied […]
Read moreSouth Korea’s spy agency said on Monday it is possible North Korea can develop an intercontinental ballistic missile capable of reaching the U.S. mainland this year and that it is monitoring developments closely. No sign of an imminent nuclear test had been detected, though the North’s Punggye-ri complex appears ready for another detonation “at any […]
Read moreInternet giant Alibaba said on Monday it would invest HK$22.4 billion ($2.87 billion) for a major stake in China’s top hypermart operator, Sun Art Retail Group, part of a wider push into offline retail. As part of an alliance with Auchan Retail and Ruentex Group, Alibaba would buy the stake from Ruentex while Auchan Retail […]
Read moreIndia, the world’s largest democracy, is showing an appetite for military rule — a potential indicator that the country’s nationalist politics are evolving. A majority of Indians, 53 percent, support military rule, according to a Pew Research Center survey released last week. The American think tank said India is one of only four countries that […]
Read moreAsia markets were set to open near flat on Monday, following a decline in U.S. equities last Friday amid lingering concerns on Wall Street about tax reform. Australia’s SPI futures traded at 5,959, at levels similar to the ASX 200’s Friday close at 5,957.25. Nikkei futures in Chicago traded at 22,345, while Osaka futures were […]
Read moreChina announced on Sunday plans to build and upgrade 64,000 public toilets between 2018 to 2020 as part of its “toilet revolution” aimed at boosting tourism and lifting the sector’s contribution to economic growth. China has been keen to develop and expand services industries to move away from debt-fuelled and investment-driven growth, while offsetting the […]
Read moreTraditional friendship between China and North Korea represents “valuable wealth” for their people, China said after its special envoy met a high-ranking North Korean official, but there was no mention of the crisis over North Korea’s weapons. Song Tao, who heads the ruling Chinese Communist Party’s international department, is visiting Pyongyang to discuss the outcome […]
Read moreNorth Korea on Friday ruled out negotiations with Washington as long as joint U.S-South Korea military exercises continue, and said that Pyongyang’s atomic weapons program would remain as a deterrent against a U.S. nuclear threat. In an interview with Reuters, Han Tae Song, North Korea’s ambassador to the United Nations in Geneva, brushed off the […]
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