BEIJING: China will take steps to safeguard its interests, but won’t close its door to foreign investment and the global industry despite trade frictions with the United States, a Chinese official said yesterday. Earlier this month, before key Sino-US trade talks, Washington decided to widen its so-called ‘entities list’ to
LONDON: British household goods maker Reckitt Benckiser has cut its full-year sales forecast for the second time this year, blaming a drop in retail orders for Mucinex in the United States and a drop in demand for its Enfamil baby products in China. The Durex condom and Lysol disinfectant maker
OITA (Japan): England coach Eddie Jones sprung a big surprise yesterday by naming Owen Farrell (pic) to start at flyhalf in the World Cup quarter-final against Australia, benching George Ford and bringing in Henry Slade to join Manu Tuilagi in midfield. Billy Vunipola has recovered from a twisted ankle and
OITA (Japan): Rugby cannot afford to be complacent about racism in the wake of the abuse suffered by England’s black soccer players in their Euro 2020 qualifier in Bulgaria, lock Maro Itoje has said. England beat Bulgaria 6-0 in Sofia on Monday in a match marred by a section of
ANTWERP (Belgium): Stan Wawrinka was made to work hard at the European Open on Wednesday as the Swiss veteran outlasted Feliciano Lopez 6-7(4) 6-4 7-6(4) to reach the quarter-finals in Antwerp. The 34-year-old Wawrinka, seeking his first ATP trophy since he lifted the title in Geneva two years ago, served
LONDON/SAN FRANCISCO: Backers of Facebook Inc’s Libra cryptocurrency project pledged to forge ahead after selecting a five-member board on Monday, shrugging off the latest member defection by online travel company Booking Holding earlier in the day. “It is a correction; it’s not a setback,” said Dante Disparte, head of policy
SEOUL: Hyundai Motor Group said yesterday that it plans to invest 41 trillion won ($34.65 billion) in mobility technology and strategic investments by 2025, as South Korea’s top automaker accelerates its attempts to catch up in the self-driving car race. The plan, which Hyundai said encompassed autonomous, connected and electric
BEIJING: China’s factory gate prices declined at their fastest pace in more than three years in September, reinforcing the case for Beijing to unveil further stimulus as manufacturing cools on weak demand and US trade pressures. The producer price index (PPI), considered a key barometer of corporate profitability, dropped 1.2
WASHINGTON: Higher tariffs. Slower growth. The countdown to Brexit. Halloween is still two weeks off but a witching hour for the global economy could be near as new forecasts and new risks collide in the coming days. “You have a confluence of risk at the moment,” and the days ahead
WASHINGTON/WEST CALDWELL, New Jersey: Ambriola Co Inc’s mammoth warehouse in West Caldwell, New Jersey, is crammed full of boxes and wheels of harder cheeses such as Parmigiano Reggiano, Pecorino Romano and Grana Padano — and more is coming, lots more. Phil Marfuggi, president and chief executive officer of Ambriola, a
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