China's railway trips decline 54% in first half

Jul 14, 2020 01:48 am UTC| Economy

The China State Railway Group Co Ltd. recorded 818 million railway passenger trips across the country in the first half of 2020, which represents a 53.9 percent year-on-year decline. The company expects railway...

Russia, China to expand railway cargo links

Jul 14, 2020 01:31 am UTC| Economy

Russia and China plan to develop the Berelast Logistics Center into the largest railway cargo terminal in Russia with a total investment of $283 million and an annual turnover capacity of 730,000 TEUs. The Berelast...

S. Korea airlines eye expanded routes to China to meet business demand

Jul 13, 2020 15:55 pm UTC| Economy

South Korea is seeking to increase the number of flights to China to 10 a week, to resume flights on three more routes on top of the four it already serves to meet travel demand from businessmen. Korean Air Lines Co.,...

Anti-China sentiment in India bodes well for Samsung: analysts

Jul 13, 2020 00:02 am UTC| Economy

Samsung Electronics Co. is expected to increase its sales in India due to a public boycott of Chinese-made goods. The growing anti-China sentiment in India was due to 20 Indian soldiers deaths in last months border...

US imposes 25% duties on French goods in digital tax row

Jul 12, 2020 00:12 am UTC| Economy

The US imposed 25 percent more duties on $1.3 billion value of French imports in response to Frances digital services tax. However, it is holding off from collecting the additional duties to allow further time to...

Chinese banks brace being cut off US dollar supply

Jul 11, 2020 23:51 pm UTC| Economy

Chinese banks are preparing contingency plans if US legislation causes them to be cut off from US dollars or lose access to US dollar settlements as a penalty for serving officials implementing the new national security...

Owners of multiple homes in S. Korea to be assessed with steeper taxes

Jul 11, 2020 23:42 pm UTC| Economy

South Korea will raise property ownership tax rates on people who own three or more homes from a range of 0.6 to 3.2 percent to a scope of 1.2 to 6 percent to curb housing prices. Companies with multiple homes will be...