As rare earths from Myanmar travel around the world, they pass through many hands. The most destructive mining is for heavy rare earths, which are critical to make powerful magnets heat-resistant. Ores are trucked across the border from illicit mines in Myanmar to southern China, where state-owned companies buy themContinue Reading
There are now at least five heavyweights connected to the so-called Big Fund under investigation by China’s anti-corruption watchdog. The corruption investigations come as China is facing strong headwinds in achieving its semiconductor self-sufficiency ambitions. Read full storyContinue Reading
Chinese private security companies have found a profitable niche market in Africa: guarding Chinese executives and construction sites. They’re also securing Chinese vessels at sea against piracy. The growing presence of Chinese private security companies in Africa comes against the backdrop of a global security architecture that’s in transition. These changes reflect the US moving […]
The post Chinese private security firms spreading far and wide in Africa appeared first on Asia Times.
The SenseRobot was launched on Tuesday and is priced at 1,999 yuan (US$299) for the standard model. Consumer foray comes as AI firm struggles to turn a profit from core AI technologies, aimed at manufacturing and surveillance. Read full storyContinue Reading
As Joe Biden revels in a series of legislative victories in Washington, events in Moscow remind the US president that his troubles may be just beginning.
On Monday, United Co Rusal International PJSC, an aluminum producer listed in Moscow and Hong Kong, raised US$590 million in a first-of-its-kind debt sale in Russia. The reason it matters for Biden’s White House: the bonds were denominated in yuan.
Gazprombank, the lead manager of the deal, said it received about 100 orders from asset managers, banks, investment and insurance companies, and individuals.
It remains to be seen if such transactions amount to death by a thousand cuts to the US dollar. Yet the trend is emblematic of how economic policy errors are colliding with global reactions to Western sanctions on Moscow for its Ukraine invasion. The latter includes freezing hundreds of billions of dollars of Russia’s foreign currency reserves.
The post US Fed becoming Asia’s Public Enemy No. 1 appeared first on Asia Times.
TM One can integrate digital options for NCTâs milestone parkMâsia to implement end-to-end digitisation across all facilities NCT Group of Companies (NCT) and Telekom Malaysia Berhad (TM) through its business and public industry business solution adjustable rate mortgage, TM One, have signed a collaboration agreement for the incorporation of end-to-end electronic…Continue Reading
PUTRAJAYA: Seven Malaysian firms have been recognised under Forbes Asia’s 2022 Best Under A Billion list, which highlights 200 Asia-Pacific public companies with sales under US$1bil (RM4.46bil). Read full storyContinue Reading
HONG KONG: China’s real estate crisis is casting a darkening cloud over governance and financial prospects of once highly valued property management companies, triggering a rout in their shares and making investors cautious. Already battered share prices have fallen a further 7 per cent this month as investors have reactedContinue Reading
Garment factory labourers for big clothing brands often battle for legal settlement after losing their jobs, even when court rulings favour employees in wage cases
The post Severance pay continues to be a struggle for Southeast Asian workers appeared very first on Southeast Asia World .
The country’s real estate sector is struggling with a cash crisis, forcing buyers to consider extreme steps.Continue Reading