Pakistan sought to alleviate China’s concerns on terrorism as President Xi Jinping wrapped up his two-day trip to the South Asian country. While the two countries focused on China’s projected $46 billion of investment and loans to develop an economic corridor through Pakistan, terrorism
South Africa deployed the army on Tuesday in “volatile areas” to curb a wave of anti-immigrant violence that has killed at least seven people this month, the defense minister said. The latest wave of anti-immigrant attacks began almost three weeks ago in parts of the coastal city of Durban in Kwa-Zulu Natal and quickly spread […]
Cash-strapped Venezuela has received $5bn in financing from China, President Nicolas Maduro announced on Sunday as his country struggles with an economic crisis. “We just received $5bn more in financing for development,” Maduro said in a radio and television address. He did not provide further details on the loan from China, a major […]
The U.S. table tennis team began a weeklong visit to the People’s Republic of China (PRC) at the invitation of China’s communist government. The well-publicized trip was part of the PRC’s attempt to build closer diplomatic relations with the United States, and was the beginning of what some pundits in the United States referred to […]
An explosion has ripped through a chemical plant in south-eastern China’s Fujian province, sparking a major fire, BBC reports. The blast occurred on Monday evening at the plant in Zhangzhou. Six people were taken to hospital, say officials. State news agency Xinhua said 177 fire engines and more than 800 firefighters were sent to the […]
Toto Wolff says Ferrari’s win in the Malaysian Grand Prix has acted as a ‘wake-up call’ that will force Mercedes it to raise its game further when F1 heads to Shanghai for the Chinese Grand Prix. Following Mercedes’ defeat to Ferrari at the hands of Sebastian Vettel in Sepang, Mercedes says it has looked carefully […]
The decade-long surge in foreign-currency reserves held by the world’s central banks is coming to an end. Global reserves declined to $11.6 trillion in March from a record $12.03 trillion in August 2014, halting a five-fold increase that began in 2004, according to data compiled by Bloomberg. While the drop may be overstated because the […]
Internet giants Yahoo! Inc. has revealed plans to shut down its office in China, a move which will eliminate 200 to 300 jobs. Yahoo, according to a statement released on Wednesday stated that it has been consolidating offices and trimming staff around the world. Yahoo also told employees based in Beijing that it will close […]
