While China snakes its influence in technology across the African continent, one of its smaller neighbors has also been making inroads in countries far from home. South Korea, one of the Far East’s technological powerhouses, claims to have a stronghold in the central African country of Rwanda. The unlikely story begins with KT Corporation (KT), […]
Read moreU.S. Commerce Secretary Wilbur Ross told China there was a need for “meaningful action” on key trade issues, according to a Commerce Department statement issued on Tuesday. Ross also reiterated to Chinese officials in Beijing about U.S. businesses’ concerns over forced technology transfers and data localization requirements in China. Source: cnbc china US Commerce Secretary […]
Read moreA shooting incident took place on Tuesday close to the Manila residence of Philippine President Rodrigo Duterte, a spokesman for his security detail said, but an official from the presidential palace said Duterte was not there at the time. The incident took place in Malacanang Park, the base of Duterte’s guard unit and close to […]
Read moreEighty days, 2,000 kilometers — or 1,242 miles — 400 golf balls, and more than 20,000 shots across the plains of Mongolia are usually not exactly par for the course. But it is when you’re talking about the longest golf hole completed in history. Adam Rolston, a 28-year-old former rugby player, and Ron Rutland, his […]
Read moreChinese e-commerce giant Alibaba said on Tuesday it invested an additional 5.3 billion yuan, or $807 million, to increase its stake in logistics firm Cainiao Smart Logistics to 51 percent. Prior to the deal, Alibaba held 47 percent of Cainiao, it said in a press release. The deal would give Alibaba an additional seat on […]
Read moreFar Eastern Group, one of Taiwan‘s largest conglomerates, is weighing acquisition deals in China, as prices for assets in overcapacity sectors have become “competitive,” the company’s chairman said on Tuesday. But Far Eastern Group Chairman Douglas Hsu said his company wasn’t necessarily rushing into deals. Price wasn’t the only issue, Hsu told CNBC’s “Squawk Box” […]
Read moreU.S. economic growth rates could double, or even triple, in the next decade if President Donald Trump’s plans produce expected sharp cuts to corporate and personal taxes, according to Steve Forbes, who ran twice for president under a platform calling for a flat tax rate. Forbes, chairman and editor-in-chief of the eponymous financial news firm […]
Read moreBaidu Inc.’s video streaming service, iQiyi, is looking for an initial public offering in the United States as early as next year, which could value it at more than $8 billion, Bloomberg reported. The Chinese firm is about to kick off negotiations with banks and deal arrangers and is aiming for a valuation of as […]
Read moreTrump says hurricane left Puerto Rico in trouble, but points to need to deal with island's debt load
The U.S. ramped up its response Monday to the humanitarian crisis in Puerto Rico, even as President Donald Trump brought up the island’s struggles before Hurricane Maria struck — including “billions of dollars” in debt to “Wall Street and the banks which, sadly, must be dealt with.” The Trump administration has tried to blunt criticism […]
Read moreChinese authorities said on Monday that they have handed down maximum fines to the operators of three major social-media platforms in the country for failing to deal with pornography, violence and other banned content on their sites. The affected platforms are Baidu’s online forum Tieba, microblogging site Weibo and Tencent’s massively popular social app WeChat. […]
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