China to cut amount banks hold in reserve to boost lending

The latest decision is “another step in the right direction, but monetary policy by itself is not enough to boost economic momentum”, Zhiwei Zhang, president and chief economist at Pinpoint Asset Management, told AFP. “A more proactive fiscal stance focusing on consumption is more important and effective,” said Zhang. “TheContinue Reading

North Korea’s AI development raises concerns, report says

SEOUL: North Korea is developing artificial intelligence (AI) and machine learning for everything from how to respond to COVID-19 and safeguard nuclear reactors to wargaming simulations and government surveillance, according to a new study. International sanctions imposed over its nuclear weapons program may have hindered North Korea’s attempts to secureContinue Reading

Sri Lanka votes on new law to regulate online content

COLOMBO: Sri Lanka’s lawmakers are set to vote on a social media regulation bill on Wednesday (Jan 24) which opposition politicians and activists allege will muzzle free speech. The Online Safety Bill proposes jail terms for content that a five-member commission considers illegal and make social media platforms such asContinue Reading

China, Nauru formally resume diplomatic relations: State media

BEIJING: China and Nauru formally re-established diplomatic relations on Wednesday (Jan 24), after the tiny South Pacific nation cut ties with Taiwan. Officials from the two countries held a signing ceremony in Beijing, state news agency Xinhua said. In a post-election blow to Taiwan, Nauru unexpectedly announced last Monday that itContinue Reading

6 killed, 14 injured in Mongolia gas explosion: Officials

ULAANBAATAR, Mongolia: Six people were killed and 14 injured in a gas explosion caused by a vehicle crash in Mongolia’s capital on Wednesday (Jan 24), authorities said. A vehicle carrying 60 tons of liquified natural gas (LNG) collided with a car and exploded early Wednesday, the Mongolian National Emergency ManagementContinue Reading