Tuesday, 16 October 2018

Tag Archives: China

Swiss exports hit new record

BERN: Swiss exports for the second quarter of 2018 totalled 55.7 billion francs (€47.8 billion), a new quarterly record, states a communication from the Swiss Federal Customs Administration. Pharmaceuticals, machinery, precision instruments and watchmaking were some of the sectors that registered new heights, thanks in part to record exports to ...

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EU urges big powers to avert trade ‘conflict and chaos’

BRUSSELS: The European Union called Monday on the United States, China and Russia to work together to cool worsening global trade tensions, warning that they could spiral into violent “conflict and chaos.” The comments from EU Council President Donald Tusk comes as Washington and Beijing stand on the brink of ...

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US lifts ban on suppliers selling to China’s ZTE

REUTERS: The U.S. Department of Commerce lifted a ban on U.S. companies selling goods to ZTE Corp, allowing China’s second-largest telecommunications equipment maker to resume business. The Commerce Department removed the ban shortly after ZTE deposited US$400 million in a U.S. bank escrow account as part of a settlement reached ...

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Chinese Authorities Crack Down On Cryptocurrency Gambling

BIEJING: According to a July 12 announcement made by the Guangdong Provincial Public Security Department, the police in the province have launched an extensive enforcement action against illegal gambling organizations. This operation involves 21 security authorities and has, to date, disabled 70 websites, approximately 540 gambling apps, and over 250 ...

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Apple launch $300 Million Fund for China Clean Energy

SHANGHAI: Apple Inc will launch a $300 million clean energy fund in China, the firm said in a statement on Friday, working with its suppliers to invest in renewable energy projects that could power close to 1 million homes in the country. China’s government has made cutting pollution a key ...

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Taliban defeated by the quiet strength of Pakistan’s Buddha

SWAT: The Buddha of Swat, carved on a cliff in the seventh century, was dynamited by the Pakistani Taliban in 2007. Now it has been restored, a powerful symbol of tolerance in the traumatized Pakistani valley. The holy figure, depicted in a lotus position at the base of a granite ...

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Trade war: US lists next $200 bn Chinese goods to face tariffs

WASHINGTON: The United States late Tuesday announced it was starting the process to slap 10 percent tariffs on another $200 billion in Chinese export goods as soon as September, escalating the trade war between the world’s two largest economies. President Donald Trump vowed to hit back on a growing list ...

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Ford’s Sale Slump After US Tariffs on Chinese Products

BEIJING: Ford Motor’s <F.N> China slump intensified, with vehicle sales tumbling 38 percent in June and the automaker recording its worst-ever first half, as buyers shunned its aging models that are awaiting overhauls and flocked to rivals. The U.S. automaker announced on Friday it sold 62,057 vehicles in China in ...

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No breakthrough in Iran nuclear talks

VIENNA: World powers and Iran appeared to make no concrete breakthrough in talks to provide Tehran with an economic package to compensate for US sanctions that begin taking effect in August. Ministers from Britain, China, France, Germany and Russia met their Iranian counterpart in Vienna for the first time since US ...

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Trade wars: Trump loads first volley against China

Steep American tariffs on Chinese goods worth tens of billions of dollars are due to take effect when the clock strikes twelve on Thursday night, as US President Donald Trump fires the first salvo in a trade war between the world’s top two economies. China has vowed to respond “immediately”, ...

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