US commerce secretary doesn’t expect changes to Trump China tariffs until review complete
WASHINGTON - US Commerce Secretary Gina Raimondo said on Tuesday she does not expect any revisions to US tariffs on China imposed during President Donald Trump's administration until an ongoing review is completed by the U.S. Trade Representative's Office.
"I don't...
SoftBank’s Arm launches IPO courting T Rowe in $52 bln valuation ask
SoftBank Group's Arm Holdings Ltd. launched the roadshow for its blockbuster initial public offering (IPO) on Tuesday as the chip designer tries to convince investors it is...
Malaysia seeks return of ex-Goldman banker convicted in 1MDB case
NEW YORK - Malaysia wants a former Goldman Sachs banker convicted last year in New York of helping loot billions of dollars from its 1MDB sovereign wealth fund to return to the country before starting his...
WTO chief criticizes rich nations for protectionism
THE HEAD of the World Trade Organization (WTO) sharply criticized western governments for embracing protectionist policies and shifting toward a power-based global trading system.
“Recent...
Indonesia warns ASEAN on ‘destructive’ rivalry
JAKARTA — Indonesia warned on Tuesday against Southeast Asia’s bloc getting dragged into big-power rivalry as leaders gathered for a summit seeking to dispel...
Malaysia mulls rules for Google, Meta to pay news outlets for content
KUALA LUMPUR — Malaysia said on Tuesday it is considering regulations that will make internet giants Alphabet, Inc.’s Google and Facebook parent Meta Platforms...
Invasive species cost global economy $423 billion a year — UN report
LONDON — Fishing grounds choked by water hyacinths. Songbird eggs gobbled up by rats. Power plant pipes clogged by zebra mussels. And electrical lines...
Kim to meet Putin as Russia seeks closer military ties with North Korea
KIM Jong Un plans to travel to Russia this month to meet President Vladimir Putin and discuss the possibility of supplying Moscow with weapons...
China’s car workers bear brunt of price war as fallout widens
SHANGHAI — As Shanghai sweltered in a heat wave in June, the car factory where Mike Chen works switched production to night shifts and...
Australia to consider extending life of largest coal power plant
SYDNEY - Australia is considering extending the life of Origin Energy's Eraring coal fired power plant, the country's largest, the New South Wales (NSW) state minister for climate change said on Tuesday.
Origin said last year it would shut Eraring...
Despite Rome’s skepticism, China says Belt and Road cooperation with Italy ‘fruitful’
BEIJING - Despite Rome's skepticism, China's Foreign Minister Wang Yi said cooperation with Italy under the Beijing-led Belt and Road initiative had been fruitful, with high-quality Italian products having entered "thousands of households" in China.
"The thousand-year friendship inherited...
G20 per capita CO2 emissions from coal rise 7% from 2015 -research
SINGAPORE - Group of 20 nations have increased per capita emissions nearly 7% from coal-fired power since 2015, with China and India adding new plants, and Australia's CO2 count per head nearly three times higher than the world...