Business

Huawei opens 5G training center in Britain

Huawei unveiled its 5G Birmingham Training Center on Friday to ensure that relevant 5G training is in place to meet current and future information and communications technology (ICT) needs in Britain.

China, U.S. hold vice-ministerial level trade talks in Washington

Chinese trade delegation met with U.S. trade officials in Washington, D.C. from Thursday to Friday, preparing for the 13th round of China-U.S. high-level economic and trade consultations in October in Washington, D.C.

Zuckerberg meets Trump, senators; nixes breaking up Facebook

Facebook's Zuckerberg met with President Trump and Congress members on a political reconnaissance mission to Washington, where he rejected calls to break up the world's biggest social network.

US FedEx pilot arrested by Chinese authorities

A FedEx pilot was arrested in China and released on bail, the company said Thursday, amid an ongoing row with Beijing over the US firm's delivery irregularities  involving telecoms giant Huawei.

Huawei launches first phone without Google apps

Chinese tech giant Huawei launched its latest high-end smartphone in Munich on Thursday, the first of its mobile devices not to carry popular Google apps.

China releases 10,000 tonnes of pork from reserves to increase meat supply

Chinese authorities on Thursday released 10,000 tonnes of pork from its central reserves to increase pork supply in the market and ensure meat supply for the upcoming National Day holiday.

Huawei launches super fast AI training cluster

Huawei on Wednesday launched Atlas 900, a super fast AI training cluster, at its annual Huawei Connect conference in Shanghai.

A divided Fed reduces rates but may not cut again this year

A sharply divided Federal Reserve cut its benchmark interest rate Wednesday for a second time this year but declined to signal that further rate cuts are likely this year.

U.S. Fed signals rate cut as market jitters cast shadow

The US Federal Reserve is poised to deliver the year's second interest rate cut on Wednesday but a glitch in critical financial plumbing for the US economy is casting a shadow over the deliberations.

China shortens unified negative list for market access

China has cut the number of sectors and businesses that are off-limits for both domestic and foreign investors in a revised negative list for market access, the country's top economic planner said Wednesday.

China's railway investment remains stable in Jan.-Aug.

China's railway investment maintained generally stable in the first eight months of this year. The country plans to expand infrastructure investment in 2019, including 800 billion yuan in railway construction.

Apple slams EU as epic court battle over tax bill begins

Apple went on the offensive against Brussels in an EU court on Tuesday, fighting the European Commission's landmark order that the iPhone-maker reimburse Ireland 13 billion euros ($14 billion) in back taxes.

China's outbound investment up 2.7 pct in Jan.-Aug.

China's non-financial outbound direct investment (ODI) maintained steady growth in the first eight months of the year, official data showed Tuesday.

ADB president to resign in January 2020

Takehiko Nakao announced on Tuesday his resignation as president of the Asian Development Bank (ADB), effective Jan. 16, 2020, the Manila-based bank said in a statement.

U.S. business community urges "smart" policy choices: chamber of commerce

The U.S. business community is calling on leaders in Washington to make "smart" policy choices, highlighting the importance of ratifying the U.S.-Mexico-Canada Agreement and resolving trade tensions with China.

China invited to send delegation to U.S. for trade talks

Liao Min, deputy director of the Office of the Central Commission for Financial and Economic Affairs and vice Finance Minister, plans to lead a delegation to visit the United States on Wednesday for trade consultations.

Oil prices jump as attack on Saudi plant threatens supply

The loss of 5% of world crude oil output from an attack on Saudi Arabia's largest oil processing plant pushed crude prices sharply higher on Monday.

China gears up for switch to new housing loans interest rate policy

China's housing market is expected to make a smooth transition toward the use of the loan primate rate (LPR) as the new benchmark for setting the interest rate of newly issued commercial individual housing loans.

August data: China's economy remains stable

China's economy remains on track in August with signs of stable growth, said Fu Linghui, spokesperson for the National Bureau of Statistics (NBS). 

Michael Jordan sells minority stake of Hornets to two new partners

Basketball legend and Charlotte Hornets owner Michael Jordan will be selling minority stake of the NBA franchise to two new partners, local media reported on Sunday.

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