December 10, 2021

US hits Chinese, North Korean firms with sanctions

The United States unveiled a raft of new rights-abuse sanctions Friday on senior officials and entities in eight countries, with targets ranging from a Chinese firm specializing in facial recognition technology to a giant cartoon studio in North Korea. Timed for International Human Rights Day and supported in part by Britain and Canada, the sanctions […]

December 10, 2021

China’s Evergrande restructuring: What’s the plan?

By Beiyi SEOW Debt-crippled Chinese property giant Evergrande looks headed for a huge restructuring after it defaulted on $1.2 billion in bond repayments and remains mired in further liabilities worth more than $300 billion.What would a restructuring mean for creditors, homeowners and investors? – Who gets priority? – The government is keen to limit any […]

December 10, 2021

Nicaragua switches diplomatic recognition from Taiwan to China

Nicaragua switched diplomatic allegiance from Taiwan to China on Thursday in a diplomatic coup for Beijing as it seeks to isolate the democratic island it has vowed to one day seize. The announcement now leaves Taiwan with just 14 diplomatic allies but comes as Taipei strengthens ties with multiple unofficial Western friends including the United […]

December 10, 2021

France weighing position on Beijing Olympics diplomatic boycott: official

France is still considering along with other EU countries its position on joining a diplomatic boycott by Western allies of the upcoming Beijing Winter Olympics, an official said Thursday, after a minister indicated French officials would be present. Asked about a boycott announced by the United States, Australia, Britain and Canada, Education and Sports Minister […]

December 9, 2021

China warns Olympic diplomatic boycott nations as France rebuffs US campaign

China warned Western nations on Thursday that they would “pay the price” for a diplomatic boycott of the 2022 Beijing Winter Olympics as a French minister said they would not be joining the US-backed effort. Washington unveiled its decision not to send a diplomatic delegation earlier in the week, saying it was prompted by widespread […]

December 9, 2021

Journalist killed in the Philippines: press group

A Philippine correspondent has died after being shot Wednesday, a press advocacy group said, becoming the latest in a long line of journalists killed in the country. The archipelago nation is one of the most dangerous places in the world for journalists, and most of their killers go unpunished. Jesus Malabanan was killed in Calbayog […]

December 9, 2021

Western diplomatic boycott of Beijing Olympics widens

Britain, Canada and Australia on Wednesday joined the United States in a diplomatic boycott of the Beijing Olympics in February, prompted by what the Western allies argue are widespread rights abuses by China. Britain will not send ministers to the Winter Games in the Chinese capital, Prime Minister Boris Johnson told parliament, as discord over a […]

December 8, 2021

Australia joins US diplomatic boycott of Beijing Olympics

Australia will not send officials to the upcoming winter Olympics in Beijing, Prime Minister Scott Morrison said Wednesday, joining a US diplomatic boycott of the event. Canberra’s decision comes amid “disagreement” with China over a slew of issues, from Australia’s foreign interference laws to a recent decision to acquire nuclear-powered submarines, Morrison said. He also […]

December 7, 2021

IMF sees China’s growth ‘slowing notably’

China has an important part to play in the global economy as it recovers from Covid-19, but its growth is slowing, IMF Managing Director Kristalina Georgieva said Monday. The head of the Washington-based crisis lender held a virtual meeting with Chinese Premier Li Keqiang and discussed topics ranging from inflation to the recovery from the […]

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