Shipowners make payoffs to free vessels held by Indonesian navy near Singapore
SINGAPORE — More than a dozen shipowners have made payments of about $300,000 apiece to release vessels detained by the Indonesian navy, which said they were anchored illegally in Indonesian waters near Singapore, according to sources with direct knowledge of the matter.
Biden, Xi to address Asia-Pacific leaders on trade, COVID recovery
By Praveen Menon and Shashwat Awasthi
WELLINGTON - U.S. President Joe Biden and Chinese leader Xi Jinping are expected to address leaders of the Pacific Rim late on Friday amid...
Tesla dips after Musk sheds $5 billion in shares
By Tom Westbrook and Medha Singh
Tesla's stock declined slightly on Thursday after filings revealed Chief Executive Elon Musk sold about $5 billion worth of his shares this week following...
U.S. has ‘sacred obligation’ to take care of veterans, Biden says
By Steve Holland
ARLINGTON, Va. - President Joe Biden called military veterans "the very spine of America" as he marked Veterans Day on Thursday, vowing to make...
Surprise US-China climate deal breaks through superpower standoff
CHINA and the US vowed to work together to slow global warming, issuing a surprise joint statement Wednesday that injects new momentum into the...
Brands rake in millions as Alibaba’s Singles’ Day enters last stretch
SHANGHAI — More than 380 brands from Apple, Inc. to L’Oreal SA have raked in more than 100 million yuan ($15.7 million) each since...
Inflation threatens to return to US politics in replay of 1980
“Is it easier for you to go and buy things in the stores than it was four years ago?” Ronald Reagan asked days before...
South Korea rations urea supply amid shortage leading drivers to panic buy
SEOUL - The South Korean government started rationing urea, used to cut diesel car and industrial emissions, and banned the resale of the solution...
Evergrande dodges default again but sector debt concerns remain
SINGAPORE/HONG KONG — Cash-strapped developer China Evergrande Group averted a destabilizing default at the last minute for the third time in the past month,...
China’s Xi warns against return to Cold War tensions at APEC meeting
WELLINGTON — The Asia-Pacific region must not return to the tensions of the Cold War era, Chinese President Xi Jinping said on Thursday, ahead...
Rivian valued at over $100B in debut, after world’s biggest IPO of 2021
Shares of Rivian Automotive Inc. surged as much as 53% in its Nasdaq debut on Wednesday, giving the Amazon-backed electric vehicle (EV) maker a...
US and China unveil emissions deal in bid to save UN climate talks
GLASGOW — The United States and China, the world’s two largest emitters of carbon dioxide, unveiled a deal to ramp up cooperation tackling climate...