Economists polled by Reuters had expected Chinese exports denominated in the U.S. dollar to fall by 3% and imports to decline by 5.2% in September, compared to a year ago.China Economyread more
The U.S. had plans to hike duties on at least $250 billion in Chinese goods to 30% from 25% on Tuesday. Despite the partial trade deal, some banks on Sunday wrote that tariff...Marketsread more
The industry has pulled in $322 billion over the past six months, the fastest pace since the second half of 2008.Marketsread more
A technical recession occurs when there are two consecutive quarters of economic contraction.Asia Economyread more
"Deepfakes" are being used to depict people in fake videos they did not actually appear in, and can potentially affect elections, diplomacy and how markets move, experts say.Technologyread more
A spokesperson for the U.S.-backed Syrian Democratic Forces (SDF) has issued a stark warning to the international community.World Newsread more
The potential deal would shift Neumann's already diminished voting power to the Japanese conglomerate, according to the Journal.Technologyread more
U.S. President Donald Trump said that both sides reached a "very substantial phase one deal" that will address intellectual property and financial services concerns and...Asia Marketsread more
On Friday, Zedd tweeted about the ban, and CNBC verified the claim with his publicist on Saturday.China Politicsread more
Hunter's vows to forgo any foreign work follow a slew of unsubstantiated attacks by President Donald Trump accusing him of corruption.Politicsread more
Apple, the company that created the modern-day smartphone, is relying on technology customers are already extremely familiar with, like cameras, and taking a backseat when it...Technologyread more
Sri Lanka will take legal action against a Chinese firm for not halting work on a $1.5-billion luxury real estate project until a probe is completed, a government minister said on Wednesday.
Sri Lanka's new government is reviewing the award of the project to China Communications Construction over allegations the previous administration breached laws and sidestepped environmental rules for the deal.
The project, which risks getting involved in a diplomatic row, involves development of a port city on reclaimed land in the capital Colombo, complete with shopping malls, a water sports area, golf course, hotels, apartments and marinas.
Sri Lanka's Investment Promotion Minister Kabeer Hashim said the Board of Investment (BOI) had last month asked the Chinese firm to halt the project until the investigation was completed.
However, the port city construction had actually been accelerated since the new government came in.
"Rightfully, they should stop," Hashim told Reuters. "The ministry of ports will take necessary action to halt the work until this inquiry is done."
If it was not stopped, he said, "Then legal action will be instituted against them to not proceed any further."
An official in CCCC's investor relations department said the firm was not aware of the minister's latest remarks.
"The government has made some suggestions during its review but there has been no mention of cancelling the project," said the Beijing-based official, who declined to be identified, citing company policy.
China has said the port city and another port under development in southern Sri Lanka were good for the country and that tens of thousands of jobs would be created and millions of dollars of foreign direct investment would come.
China has emerged as a major investor in the Indian Ocean island state, building ports and highways in a diplomatic push that has drawn concern in neighboring India, which has uneasy relations with Beijing.