US hits Chinese, Russian firms over Moscow military aid

WASHINGTON: US President Joe Biden’s administration on Monday (Sep 25) imposed new trade restrictions on 11 Chinese and five Russian companies, accusing some of supplying components to make drones for Russia’s war effort in Ukraine. The Commerce Department, which oversees export policy, added a total of 28 firms, including someContinue Reading

India’s monsoon starts delayed retreat

MUMBAI: India’s monsoon rains started withdrawing from the northwest of the country on Monday, more than a week later than normal, the state-run India Meteorological Department (IMD) said in a statement. The monsoon, the lifeblood of India’s US$3 trillion economy, delivers nearly 70 per cent of the rain needed toContinue Reading

Philippines to remove barrier placed by China in South China Sea: National security adviser

MANILA: The Philippines will take “all appropriate actions to cause the removal of barriers” in a disputed area of the South China Sea, the country’s national security adviser said on Monday (Sep 25). The Philippines on Sunday shared images of a floating barrier blocking fishing vessel access in the Scarborough Shoal with Chinese coastContinue Reading

Philippines to remove barrier placed by China in South China Sea: National security advisor

MANILA: The Philippines will take “all appropriate actions to cause the removal of barriers” in a disputed area of the South China Sea, the country’s national security advisor said on Monday (Sep 25). The Philippines on Sunday shared images of a floating barrier blocking fishing vessel access in the Scarborough Shoal with Chinese coastContinue Reading

EU trade chief warns businesses questioning future in China

BEIJING: The EU’s trade chief told Beijing on Monday (Sep 25) that tough security laws and a more “politicised” business environment have left European companies struggling to understand their obligations and questioning their future in China. China’s refusal to condemn ally Russia for its war in Ukraine also poses aContinue Reading