RIYADH: Four alleged Islamic State militants were killed on Sunday when authorities thwarted an attack on a state security building in Saudi Arabia’s central Riyadh province, authorities told state media. The four had helped carry out the attack at the Mabaheth (domestic intelligence) station in Zulfi, a small city about
TAIPEI: Taiwan’s export orders fell for the fifth straight month in March, and at a much sharper pace than expected, as the island’s manufacturers kept struggling with a drop in global tech demand. Orders in March dropped 9 percent from a year earlier to $38.59 billion, Ministry of Economic Affairs
HONG KONG: Huawei Technologies said yesterday its first-quarter revenue jumped 39 percent to 179.7 billion yuan ($26.81 billion), in the Chinese technology firm’s first-ever quarterly results. The Shenzhen-based firm, the world’s biggest telecoms equipment maker, also said its net profit margin was around 8 percent for the quarter, which it
LIUZHOU, China/BEIJING: By many measures, General Motors’ China brand Baojun has been an exceptional success story, growing at breakneck speed by selling low-cost no-frills vehicles in smaller cities and rural areas. But as Chinese consumer tastes shift away from basic and affordable, Baojun is engineering a different image for itself
SHANGHAI: World leaders meeting in Beijing this week for a summit on China’s Belt and Road initiative will agree to project financing that respects global debt goals and promotes green growth, according to a draft communiqué seen by Reuters. The Belt and Road Initiative is a key policy of President
QINGDAO (China): China will show off new warships including nuclear submarines and destroyers at a parade next week marking 70 years since its navy’s founding, a senior commander said yesterday, as Beijing flexes its increasingly well-equipped military muscle. President Xi Jinping is overseeing a sweeping plan to refurbish the People’s
LONDON: Film star Emma Thompson joined climate change activists in a central London shopping district on Friday to read poetry praising Earth’s bounties, part of five days of protests which clogged the British capital with transport snarl-ups. Organisers Extinction Rebellion have called for non-violent civil disobedience to force the British
LONDON: British house prices rose at the weakest rate in six-and-a-half years in February, dragged down by London’s biggest price slump in a decade as Brexit uncertainty sent chills through the property market. Official data also showed Britain’s consumer price inflation unexpectedly held just below the Bank of England’s 2
BEIJING: China’s economy grew at a steady 6.4 percent pace in the first quarter, defying expectations for a further slowdown, as industrial production jumped sharply and consumer demand showed signs of improvement. The upbeat readings, which included faster growth in investment, will add to optimism that China’s economy may be
SYDNEY/TOKYO: Japan’s Nippon Paint Holdings Co Ltd has proposed buying Australia’s biggest paint maker DuluxGroup Ltd for A$3.8 billion ($2.7 billion), expanding its global footprint though entering Australia just as a housing boom there falters. The cash deal was recommended by the Dulux board and sent its stock soaring 28
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