Business & Commerce
The People's Bank of China said Friday that two foreign lenders have been added to the list of financial institutions that can provide firms with low-cost loans through a supporting tool for carbon emission reduction.Deutsche Bank (China) Co., Ltd. and Societe Generale (China) Ltd. are the two b...
Featuring cutting-edge technologies including big data, artificial intelligence (AI) and 5G communications, the digital economy has become increasingly critical as a key factor for economic growth in the digital era.From Monday to Wednesday, international organizations, industry representatives, exp...
Global home furnishing giant IKEA said it is committed to long-term development in China and will further increase investment in the Chinese market in the new fiscal year.Ingka Group, the parent group of IKEA, will invest 5.3 billion yuan (about 773.32 million U.S. dollars) in China in the fiscal ye...
Kuwait has said that it will increase oil production to 2.811 million barrels per day to ensure safe and stable supplies amid rising global demand. In a statement cited by Kuwait News Agency, Deputy Prime Minister and Oil Minister Mohammad Al-Fares said on Wednesday that the rise is in line wit...
China will cut the retail prices of gasoline and diesel on Wednesday, the country's top economic planner announced on Tuesday.The price of gasoline will drop by 205 yuan (about 29.92 U.S. dollars) per tonne and diesel by 200 yuan per tonne, according to the National Development and Reform Commis...
When winds ripple the lush wheat farm stretching around 300 hectares in northwestern Zimbabwe in August, it is hard to believe that this fertile farmland was barren a decade ago.The African country had undergone years of economic recession and a sharp decline in grain output back then, with vast far...
A recession for the United States will be "long" and "severe," and could bring financial distress "across the board," Bloomberg on Monday cited Nouriel Roubini, an economist known for his bearish tendencies."We are in a sharp slowdown. We've had two negative qu...
China's largest oil refiner Sinopec has acquired crude oil and natural gas from a newly-drilled oil reserve about 8,000 meters deep in the Tarim Basin of Xinjiang Uygur Autonomous Region.The high-yield reserve in Sinopec's Shunbei oil and gas field is estimated to be capable of producing 244...
World,Back Page
China on Wednesday sent 16 new satellites into space from the Taiyuan Satellite Launch Center in the northern province of Shanxi.The satellites, including a Jilin-1 Gaofen 03D09 satellite and Yunyao-1 04-08 satellites, were launched by a Long March-6 carrier rocket at 12:50 p.m. Beijing Time and ent...
World,Front Page
Eating salt substitutes could lower the risks of early death from cardiovascular diseases, according to a new study by an international research team including Australian and Chinese experts.Bruce Neal, executive director of the George Institute for Global Health and Professor of Medicine at the Uni...
World food prices declined dramatically in July, according to the Rome-based United Nations Food and Agriculture Organization (FAO).A deal to allow grain shipments from Ukraine and adjustments to the global supply chain helped relieve some price pressure, said the FAO.The monthly index of food commo...
Russian President Vladimir Putin and Turkish President Recep Tayyip Erdogan agreed to strengthen bilateral relations during their talks in Russia's Sochi on Friday.Putin and Erdogan pledged to increase bilateral trade volume on a balanced basis and to meet each other's expectations in the ec...
A surprisingly robust jobs report calls into question whether the United States is in a recession, amid some economists' gloom-and-doom predictions of a downturn.U.S. employers added a whopping 528,000 jobs in July, according to Friday's Labor Department report, which showed that the labor m...
World
UN Secretary-General Antonio Guterres on Thursday expressed the hope that the Summit of the Future scheduled for the General Assembly high-level week in September will produce a Pact for the Future.The summit is a once-in-a-generation opportunity to reinvigorate global action, recommit to fundamenta...
A Chinese military spokesperson on Thursday said the military exercises around the Taiwan Island are a strong deterrent to collusion between the United States and Taiwan region.Expressing strong indignation and opposition towards Speaker of U.S. House of Representatives Nancy Pelosi's visit to C...
U.S. President Joe Biden signed a new executive order on Wednesday to help ensure access to abortion.Biden, in virtual remarks from the White House, said that the measure responds to "the healthcare crisis that has unfolded" since the U.S. Supreme Court overturned Roe v. Wade in June, whic...
United Nations (UN) Secretary-General Antonio Guterres expressed outrage after UN peacekeepers opened fire and killed two residents in a border town between the Democratic Republic of the Congo (DRC) and Uganda.In Kasindi, North Kivu province in the northeastern DRC, military personnel of the UN Org...
At least 357 people were killed and over 400 were injured as heavy monsoon rains continued to batter Pakistan for more than five weeks, the National Disaster Management Authority (NDMA) said Thursday.Besides human loss, infrastructure, road networks and houses have also been damaged due to the heavy...
The Australian Parliament has officially returned two months after the federal election in May.New and returning Members of Parliament (MPs) and Senators gathered in Canberra on Tuesday to be officially sworn in to the 47th Parliament of Australia.Delivering his opening remarks, Prime Minister ...
The death toll from Friday's flash floods in the southern Iranian province of Fars has risen to 21, and three others are still missing, rescue sources told state media on Saturday. Mehdi Valipour, head of the Iranian Red Crescent Society, said initially 89 people were stuck in the flood wat...
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