SHANGHAI: China’s central bank issued draft rules on Tuesday (Aug 30) to regulate related transactions of financial holding companies. Such transactions must conform to rational commercial principles, be backed by genuine businesses and be priced fairly, the People’s Bank of China said in a statement. In addition, the transactions shouldContinue Reading
SYDNEY: The particular Solomon Islands government has told the United States that it will create a moratorium on navy blue vessels entering the ports, the US charge in Canberra mentioned on Tuesday (Aug 30). The notice comes after an incident last Wednesday any time an US Coast Guard vessel, theContinue Reading
Earlier, the United States embassy in Canberra, the Australian capital, had said the Solomon Islands had notified it of a moratorium on navy vessels entering its ports. “On Aug 29, the United States received formal notification from the government of Solomon Islands regarding a moratorium on all naval visits, pendingContinue Reading
ABU DHABI: As a twin-turboprop aircraft takes off under the burning up desert sun along with dozens of salt storage containers attached to its wings, United Arab Emirates meteorological official Abullah al-Hammadi scans weather maps on computers screens for cloud formations. At 9, 500 feet above ocean level, the planeContinue Reading
BEIJING: Millions of people within areas surrounding China’s capital were ordered into lockdown Wednesday (Aug 30), with authorities doubling down on efforts to include COVID-19 ahead of a key ruling Communist Celebration meeting this year. Almost 4 million people in Hebei state, which surrounds Beijing, were ordered to stayContinue Reading
BEIJING: Several big Chinese towns escalated COVID-19 limitations on Tuesday (Aug 30), with government bodies doubling down on initiatives to contain the coronavirus ahead of a key judgment Communist Party conference this year. Nearly four million people within Hebei province, which usually surrounds Beijing, had been ordered to stayContinue Reading
NOWSHERA, Pakistan: Makeshift camps have got sprung up throughout Pakistan – around schools, along motorways and at military assise – to give refuge to millions of out of place ton victims . But the relief at finding stability can turn to desperation for a lot of. In the northwestern townContinue Reading
HONG KONG: Two mobile phones owned by jailed pro-democracy media tycoon Jimmy Lai can be searched on nationwide security grounds and so are not protected simply by journalistic privilege, the senior judge ruled Tuesday (Aug 30) in Hong Kong. Lai, proprietor of the now-shuttered Apple Daily tabloid, will soon goContinue Reading
KUALA LUMPUR: The police have verified that Parti Islam Se-Malaysia (PAS) leader Abdul Hadi Awang was present on Tuesday (Aug 30) to give his declaration in relation to his comments claiming that non-Muslim and non-Bumiputera communities are the majority involved with corruption. Without disclosing further details, Royal Malaysia Police (PDRM) Continue Reading
BEIJING: China will strive to stabilise employment and prices in the 2nd half of the year, said the country’s financial ministry in a statement published on its website on Tuesday (Aug 30). China and taiwan will make good utilization of local government special bonds in the second half andContinue Reading