Huawei CEO Ren Zhengfei laid out plans to bring more efficiencies to the organization. This included simplifying the reporting structure, cutting down on surplus staff, axing...Technologyread more
The bond market has entered a financial twilight zone, and at this point, there doesn't seem to be a smooth way out.Market Insiderread more
China has used both monetary and fiscal measures to lift economic activity as its trade war with the U.S. looks set to intensify in the coming months.China Economyread more
President Donald Trump said on Twitter he was postponing a scheduled meeting with Denmark's prime minister because of her lack of interest in discussing a possible sale of...World Politicsread more
"I think (rate cuts) will help, but whether they're going to be sufficient to counter the negative trade pressures and global growth slowdown and impact is debatable," one...Central Banksread more
Chinese overseas investment growth will likely slow or even decline in the next few years as risks around the world increase, according to new research by Moody's Investors...China Economyread more
The two countries want to smash the civil aerospace duopoly enjoyed by Airbus and Boeing.Aerospace & Defenseread more
Alibaba held a board meeting before its latest quarterly earnings release last week, during which the board decided to postpone the Hong Kong listing, Reuters reported.Technologyread more
Federal Reserve Chairman Jerome Powell is set to deliver his annual speech on Friday at the Jackson Hole, Wyoming symposium, where he's expected to provide more clarity on the...Asia Marketsread more
U.S. and Asian investors poured $3.7 billion into U.K. tech start-ups in the first seven months of 2019, research shows.Technologyread more
After Elon Musk touts Tesla solar on Twitter, Walmart sues the electric vehicle and clean energy company over store rooftop panels that ignited.Technologyread more
Three suicide bombers attacked the Chinese consulate in Pakistan's southern city of Karachi early on Friday, but were killed before entering the building, the city's police chief said.
At least two police officers were killed in the attack, which was claimed by the Baloch Liberation Army (BLA), an ethnic insurgent group that said it opposes Chinese exploitation of natural resources in the country's southwest. It also describes itself as the Balochistan Liberation Army.
All Chinese staff at the consulate are safe, Pakistani Foreign Minister Shah Mahmood Qureshi said.
Pakistani Prime Minister Imran Khan ordered an inquiry into the incident.
The attack was the most prominent attack in Pakistan against neighbor and ally China, which is pouring billions of dollars into the country as part of its vast Belt and Road initiative.
A blast and gunshots rang out early on Friday in the affluent Clifton neighborhood, where the consulate is located, and a plume of smoke rose over the area after the explosion.
Karachi Police Chief Amir Shaikh said the three attackers came in a car filled with explosives but failed to get inside the heavily fortified compound.
"They tried to get inside but the Rangers and police killed one of the terrorists," Shaikh said.
A gun battle broke out with the two other attackers, but they were also killed, he added.
"There were three attackers and all three have been killed," Shaikh said. "They could not even get in the compound. They tried to get into the visa section."
A spokesman for the BLA confirmed there were three suicide attackers.
"They stormed the Chinese embassy in Karachi. China is exploiting our resources," spokesman Jiand Baloch told Reuters by telephone.
The insurgents are based in the southwestern province of Baluchistan, where Chinese money has funded development of a deep-water port in the city of Gwadar.
Baluchistan has rich mineral and natural gas reserves but remains Pakistan's poorest province.
The BLA says the state is taking over lands belonging to the indigenous Baloch people and have targeted Chinese-funded projects.
In August, a BLA suicide bomber attacked a bus full of Chinese mining workers in Baluchistan, wounding five people.