Riyadh, Saudi Arabia -- Saudi Arabia has imposed anti-dumping duties on seven products imported from 10 European and Asian countries, six of which are subject to the unified GCC law to protect the industry from the damage caused by dumped and subsidized imports, media reports said. The products included all...

The threat of regional war compounded fears that the Federal Reserve would not cut interest rates as much as previously expected, with the focus now on the release of key US jobs data later in the day. The sell-off followed a plunge across the board on Wall Street.

London, United Kingdom - Britain's competition regulator deepened Thursday its probe into Vodafone's planned merger of British mobile phone operations with those of Three UK, owned by Hong Kong-based CK Hutchison, citing concerns over higher prices. The Competition and Markets Authority (CMA), which began in January a formal investigation into the...

The decline was in part due to a weak sales market in China.

BANGKOK, THAILAND – Asian economies are not doing as well as they could and growth in the region is forecast to slow to 4.5 percent this year from 5.1 percent in 2023, Associated Press (AP) quoted a World Bank report as saying on Monday. Debt, trade barriers and policy uncertainties...

Shenzhen, China--China's manufacturing activity expanded for the first time in six months in March. The official purchasing managers' index (PMI) rose to 50.8 in March from 49.1 in February, above the 50-mark separating growth from contraction and topping a median forecast of 49.9. Though the pace of growth was modest,...

The profits more than doubled compared to 2022.

China's EV sector has grown rapidly in recent years.

Dubai, UAE-- Outbound travel from China is estimated to almost double this year, compared with 2023 and will only be 22% below its peak pre-pandemic numbers of 155 million tourists in 2019, who spent over $250 billion overseas, according to Oxford Economics Full recovery is expected to materialise in 2025,...

Dubai, UAE - As China's outbound tourism steadily rebounds from the pandemic's impact, the Middle East is emerging as a preferred destination for Chinese travelers, alongside traditional hotspots like Thailand and Malaysia. Data from online travel agencies including Ctrip, Tongcheng, Tuniu, Mafengwo, and Zuzuche indicates a significant rise in Chinese...

The Shenzhen-based firm is now moving quickly overseas.

AL-DHAHRAN, SAUDI ARABIA – Aramco President and CEO Amin Nasser outlined the potential for stronger collaboration with Chinese partners in his speech on Monday at the China Development Forum in Beijing. Nasser underscored the possibility of fostering broader economic globalization by strengthening ties with Chinese partners and identified specific areas...

All 14 other members voted in favor of the resolution which "demands an immediate ceasefire" for Ramadan. The resolution calls for the truce to lead to a "lasting, sustainable ceasefire" and demands that Hamas and other groups free hostages.

Last Friday, the Security Council voted on a draft submitted by the United States that called for an "immediate" ceasefire linked to the release of hostages. China and Russia vetoed the resolution, criticizing it for stopping short of explicitly demanding Israel halt its campaign.

BEIJING, CHINA – The head of the International Monetary Fund on Sunday called on China to implement "a comprehensive package of pro-market reforms" to boost a sluggish economy beset by a housing market crisis, low domestic demand and persistently high youth unemployment. Chinese policymakers have so far resisted calls to juice...

On Saturday, UN chief Guterres plans to meet with aid workers on the Egyptian side of Rafah, just across the border from the Gazan city where 1.5 million Palestinians have taken refuge. International efforts to pause the almost six months of fighting have grown increasingly desperate, with the Hamas-run health...

The draft resolution, seen by AFP, "demands an immediate ceasefire" for the ongoing Muslim holy month of Ramadan that leads "to a permanent sustainable ceasefire" respected by all sides. It also demands both the "immediate and unconditional" release of Israeli hostages.

Washington, United States - The White House unveiled almost $20 billion in new grants and loans Wednesday to support Intel's US chip-making facilities, marking the Biden administration's largest funding announcement yet as it tackles China's dominance of the crucial technology. President Joe Biden's decision to make the announcement during a trip...

BEIJING, CHINA – Chinese regulators will ban the chairman of property giant Evergrande from the securities market for life on grounds of financial fraud, a subsidiary of the company said on Monday. Heavily indebted Evergrande has become a potent symbol of the years-long crisis in China's property market, a crucial pillar...

Hong Kong, China - Asian markets mostly rose Monday following US gains and ahead of a Chinese legislative session where Beijing's annual growth target and other key policies will be announced. Japan's benchmark Nikkei 225 index surpassed the 40,000 mark for the first time, with analysts predicting it could advance even...

Seoul, South Korea - As a US campaign to sever TikTok from its Chinese parent heads to the Senate, analysts say Beijing's response to a forced sale of the app -- and its 'secret sauce' algorithm -- will be clear: Hands off. Under new legislation that passed the House of Representatives...

The alliance will take on China's dominant EV makers.

Washington, US - Former US Treasury Secretary Steven Mnuchin on Thursday said he is putting together a team of investors to buy TikTok from its Chinese owners. On Wednesday, the US House of Representatives overwhelmingly approved a bill that would force TikTok to divest from its parent company or face a...

Beijing, China--China on Thursday slammed the approval of a US bill that would ban TikTok unless it severs ties with its Chinese parent company, vowing that Beijing would "take all necessary measures" to protect the interests of its companies overseas. The short-video app has soared in popularity worldwide but its ownership...

The measure requires TikTok's parent company ByteDance to sell the app within 180 days or see it barred from the Apple and Google app stores in the US. The lawmakers voted 352 in favor of the proposed law and 65 against, in a rare moment of bipartisan unity in politically...

Footage online circulated by state media showed a huge explosion that sent plumes of smoke and fire across a busy road during morning rush hour. Another video on social media showed what appeared to be a building that had completely collapsed and several destroyed cars.

Its net profit fell five percent to 13.1 billion kroner ($1.24bn).

Washington, United States - Four astronauts splashed down off Florida in the Gulf of Mexico on their return to Earth early Tuesday, following a more than six-month mission on the International Space Station. The SpaceX Crew Dragon spacecraft landed in the waters off Pensacola at 5:47 am (0947 GMT), with a...

It will be its first foray into the electric vehicle sector.

Following talks with New Delhi, the two sides had agreed to complete a withdrawal of 89 Indian troops and their support staff from the nation of 1,192 tiny coral islands by May 10. Mihaaru said the three Indian aircraft - two helicopters and one fixed-wing plane - will be operated...

Beijing, China - China's leaders on Monday wrapped up a week-long key conclave at which they admitted more was needed to revive a sluggish economy battered by an ailing housing market, poor domestic demand and record-high youth unemployment. Top officials have been upfront about the myriad challenges China is facing, admitting...

Beijing, China - The navies of China, Russia and Iran are staging joint drills in the Gulf of Oman this week, Beijing said Monday. The military activities -- to be conducted from Monday through Friday -- are aimed at "jointly maintaining regional maritime security", according to a statement published on social...

Riyadh, Saudi Arabia - The Saudi Air Connectivity Program (ACP) and China Eastern Airlines have entered into a strategic partnership to launch a new air route in an effort to enhance air connectivity between the two countries. Beginning on April 8, China Eastern Airlines will introduce three weekly flights directly...

Beijing, China-- A greener globe requires a greener energy industry, which could definitely be represented by new quality productive forces such as green hydrogen, according to Baoshen Zhong, Chairman of LONGi Green Energy. China Economic Net quoted Zhong as saying, during the 2024 Two Sessions, that “Renewable energy, mainly photovoltaic...

Tibetan activists are keenly aware that his death will mark a major setback in his push for more autonomy for the Himalayan region. It would deprive the cause of a Nobel Prize winner whose moral teachings and idiosyncratic humour have made him one of the world's most popular religious leaders.

The foreign minister said that the catastrophe in Gaza once again reminded the world that "the fact that the Palestinian territories have been occupied for a long time can no longer be ignored." Beijing has been calling for an immediate ceasefire since the start of the current Israel-Hamas war in...

Hong Kong, China - Asian markets largely fell on Tuesday after China set an ambitious five percent annual growth target and Wall Street shares dropped ahead of the release of key US economic indicators. Tokyo finished flat, a day after Japan's benchmark Nikkei index hit a record high, closing above 40,000...

First documented in 1881, Przewalski's horses have narrowly avoided extinction thanks to breeding programs at zoos worldwide.

Premier Li Qiang formally announced the growth objective, alongside the overall budget and key government policies for 2024, at China's annual National People's Congress (NPC), which kicked off Tuesday morning. A budget report indicated China's military spending - second only to the United States' - would rise by 7.2 percent.

Proceedings kick off Monday at 3:00 pm with the opening ceremony of China's People's Political Consultative Conference (CPPCC), which will last until next Sunday. At a press conference, CPPCC spokesperson Liu Jieyi said that "economic topics are of great concern" to the body's over two thousand members.

Doha, Qatar-- Businessmen and entrepreneurs from Qatar and China have discussed opportunities to set up joint ventures and commercial partnerships in various sectors, including technology, healthcare, energy, and real estate. This came in the Qatari-Chinese Business Meeting, hosted by the Qatar Chamber (QC) in the presence of QC's First Vice-Chairman...

Global condemnation flowed after Israeli forces in war-ravaged Gaza opened fire as Palestinian civilians scrambled for food aid during a chaotic incident which the Hamas-run territory's health ministry said killed over 100 people. The Israeli military said a "stampede" occurred when thousands of desperate Gazans surrounded a convoy of 38...

BEIJING, CHINA – The China National Offshore Oil Corporation (CNOOC) has announced the recent discovery of the largest metamorphic rock oilfield in the Bohai Sea. According to China Central Television, the Bohai 26-6 oilfield, situated approximately 170 kilometers from Tianjin Municipality, has recently confirmed an unprecedented volume of oil and...

Abu Dhabi, UAE--China is willing to work with all parties to achieve more pragmatic results at the 13th Ministerial Conference of the World Trade Organisation (WTO) held in Abu Dhabi, according to the country's Commerce Minister Wang Wentao on Sunday. During his meeting with Ngozi Okonjo-Iweala, Director-General of the WTO...

Beijing, China--China's commercial vehicle sales soared 79.6 percent year on year to 324,000 units in January, according to industry data. Specifically, some 289,000 trucks were sold during this period, a surge of 81.8 percent year on year, according to the China Association of Automobile Manufacturers. A total of 35,000 coaches...

WASHINGTON, US  - In a shift from tit-for-tat tariffs and strong-arm tactics to tech restrictions and investment curbs, US policy towards China has become more targeted under President Joe Biden - though still hardline. Despite differences between Democrats and Republicans, analysts expect Washington's approach to Beijing will only become tougher, whether...

Beijing, China--Major Chinese cities reported falling home prices in January with narrowing declines, official data showed on Friday. The National Bureau of Statistics reported that 56 of 70 large and medium-sized cities saw month-on-month drops in new home prices, down from 62 in December 2023. Additionally, 68 such cities registered...

Beijing, China - Saudi Arabia and China on Thursday signed a memorandum of understanding (MoU) to develop air transport cooperation. The MoU was signed between General Authority of Civil Aviation (GACA) President, Abdulaziz bin Abdullah Al-Dauilej,  and Civil Aviation Administration of China Administrator Song Zhiyong. It is part of the ongoing...

Hong Kong, China - Asian markets rose on Thursday, with Tokyo's benchmark index posting a record high after greater-than-expected earnings from US chip giant Nvidia. Highly anticipated earnings results from Nvidia beat expectations late Wednesday, with the firm reporting a quarterly profit of $12.3 billion on record-high revenue driven by demand...

Singapore, Singapore - Boeing said Wednesday it was preparing to compete with China's first domestically produced passenger plane, which was showcased for the first time to international buyers at Asia's biggest airshow. The single-aisle C919 aircraft made its international debut this week at the Singapore Airshow, featuring in both flying and...