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Author: Reuters

N. Korea: Pompeo’s remarks make talks more difficult

SEOUL: A recent remark by US Secretary of State Mike Pompeo about “North Korea’s rogue behaviour” will make talks with the United States more difficult, the North’s KCNA news agency yesterday quoted its vice foreign minister, Choe Son Hui, as saying. “We recognised that North Korea’s rogue behaviour could not

Amazon fires scorch Bolsonaro’s reputation abroad, but not in Brazil

President Jair Bolsonaro has drawn sharp criticism at the international stage for his handling of wildfires raging in the Amazon, but at home few Brazilians are angered by his reluctant response. Many of his fellow citizens share his aversion to what they see as foreign meddling in how to strike

Fosun poised to buy British travel firm Thomas Cook

LONDON: British travel operator Thomas Cook Group said yesterday it had agreed the main terms of a rescue package that will see Hong Kong’s Fosun Tourism take over its tour operations and creditor banks and bondholders acquire its airline. The world’s oldest travel company, and pioneer of the package tour,

US consumer confidence falls

WASHINGTON: US consumer confidence fell less than expected in August, with households still upbeat about the labour market despite an escalation in trade tensions, which has cast a shadow over the longest economic expansion in history. While the survey from the Conference Board on Tuesday did not change expectations that

Battered Hong Kong faces economic recession, existential crisis

As one of the world’s most important trade and business hubs, Hong Kong was always going to struggle this year because of the escalating US-China tariff war. But after three months of anti-government protests, the semi-autonomous Chinese city is facing an existential as well as an economic crisis. The world’s

Man wanted for killing parents arrested in Mexico

MEXICO CITY: A man wanted on charges of killing his mother and father, a retired NFL player, in Minnesota was arrested in Mexico’s beach resort city of Cancun and handed over to the FBI, Mexican officials said on Sunday. Dylan John Bennett, 22, was identified in Cancun after police received

China’s July crude oil imports from Malaysia near record

SINGAPORE/BEIJING: China’s crude oil imports from Malaysia stood near record levels in July, customs data showed, with traders and a tanker-tracking analyst citing oil either transhipped from Venezuela or blended with Venezuelan crude for the unusual growth. Crude imports from Malaysia rose to 1.35 million tonnes last month, more than

Australia’s Fortescue triples profit

MELBOURNE: Iron ore miner Fortescue Metals Group yesterday posted a record profit and bumper dividend, and said it was still seeing solid demand growth despite trade tensions between China and the United States. A surge in iron ore prices lifted Fortescue’s profit to a record $3.19 billion, almost triple last