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...
Chinese banks asked to prepare for sharp increase in bad loans
Jul 11, 2020 23:29 pm UTC| Economy
Chinas financial regulator warned its banks to brace for a big jump in bad loans due to the pandemics effects, resulting in sharply slowing profit growth or profits decline. According to Chinas Banking and Insurance...
Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility
Economist Chris Richardson on an ‘ugly’ inflation result and the coming budget
Why Germany ditched nuclear before coal – and why it won’t go back
Labour can afford to be far more ambitious with its economic policies – voters are on board
Sudan: civil war stretches into a second year with no end in sight