Xi extends condolences over terror attack in Peshawar on February 1, 2023BEIJING: Chinese President Xi Jinping sent a message of condolences to his Pakistani counterpart, Arif Alvi, on Wednesday over the severe terrorist attack in the country’s northwestern city of Peshawar. In his message, Xi said that upon learning of the severe terrorist attack, which has caused heavy casualties, in Peshawar, Khyber Pakhtunkhwa province, he would […]
Markets lose ground as traders await rate decisions on January 31, 2023Stocks mostly fell Monday as traders struggled to maintain momentum from last week’s rally, though Shanghai advanced as mainland Chinese markets reopened after a week-long Lunar New Year break. Even a strong performance on Wall Street was not enough to lift sentiment across the region, after data showed the Federal Reserve’s preferred gauge of inflation […]
Renault to reduce stake in Nissan, rebalancing alliance on January 31, 2023French automaker Renault will slash its stake in partner Nissan as part of a deal rebalancing the rocky alliance between the two companies, the Japanese firm said Monday. Renault will reduce its stake from 43.4 percent to 15 percent, the same size as Nissan’s stake in its French counterpart, as part of a broad agreement […]
Direct link established between Iranian, Russian banks on January 31, 2023The Iranian top banker said on Sunday that a direct connection has been established between the banks of Iran and Russia, reported the semi-official Tasnim news agency. Mohammadreza Farzin, governor of the Central Bank of Iran (CBI), said that within the framework of the joint action plan of banking cooperation signed last year by the […]
Philips cuts 6,000 more jobs after sleep device recall on January 31, 2023Embattled Dutch medical tech maker Philips said on Monday it will slash 6,000 more jobs worldwide after fresh losses caused by a massive recall of faulty sleep respirators. Chief Executive Roy Jakobs announced the “difficult, but necessary further reduction of our workforce” by 2025, which comes just three months after it announced another 4,000 cuts. […]
US agricultural futures rise on January 29, 2023Chicago Board of Trade (CBOT) agricultural futures rose across the board on Friday, led by wheat. The most active corn contract for March delivery rose 7.75 cents, or 1.15 percent, to settle at 6.825 U.S. dollars per bushel. March wheat gained 11.25 cents, or 1.52 percent, to settle at 7.525 dollars per bushel. March soybean […]
Cambodia welcomes back Chinese travelers on January 28, 2023Cambodia on Friday welcomed the arrival of Chinese travelers after the world’s second-largest economy optimized its COVID-19 strategy early this month, officials said. A Ruili Airlines flight, carrying more than 100 passengers from Kunming in southwestern China’s Yunnan Province, landed in Sihanoukville in southwestern Cambodia on Friday morning, receiving a warm welcome from local authorities. […]
China braces for post-holiday travel peak on January 28, 2023Railway stations, highways and airports across China are bracing for a fresh travel peak as a growing number of travelers hit the road and return to work after a week-long Spring Festival holiday which will end on Friday. On Thursday, Beijing West Railway Station and Beijing South Railway Station, two major railway terminals in the […]
Canada’s job vacancies decline in November on January 28, 2023The number of job vacancies across all sectors in Canada decreased by 20,700 to 850,300 in November, down from the peak of more than 1 million recorded in May 2022, Statistics Canada said on Friday. Job vacancies decreased in the professional, scientific and technical services as well as the health care and social assistance sectors […]
Weekly storage of natural gas in U.S. down on January 28, 2023Working gas storage in the contiguous United States was 2,729 billion cubic feet in the week ending Jan. 20, a net decrease of 91 billion cubic feet from the previous week, the U.S. Energy Information Administration (EIA) said Thursday. The total working gas storage increased by 4.1 percent from this time last year, and was […]