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China’s tech transfer problem is growing, EU business group says

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BEIJING (Reuters) – Cases of European firms forced to transfer technology in China are increasing despite Beijing saying the problem does not exist, a European business lobby said, adding that its outlook on the country’s regulatory environment is “bleak”. FILE PHOTO: An attendant walks past EU and China flags ahead of the EU-China High-level Economic Read More

Trump says tariffs making companies leave China, a deal can’t be ’50-50′

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WASHINGTON (Reuters) – U.S. President Donald Trump said his tariffs on Chinese goods are causing companies to move production out of China to Vietnam and other countries in Asia, and added that any agreement with China cannot be a “50-50” deal. FILE PHOTO: Containers are seen at a port in Huaian, Jiangsu province, China May Read More

Trump says tariffs causing companies to move out of China

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U.S. President Donald Trump speaks at the National Association of Realtors’ Legislative Meetings & Trade Expo in Washington, U.S., May 17, 2019. REUTERS/Carlos Barria WASHINGTON (Reuters) – U.S. President Donald Trump said his tariffs on Chinese goods are causing companies to move production out of China to Vietnam and other countries in Asia, and added Read More

North Korea calls for urgent UN measures in response to seizure of cargo ship by ‘gangster’ US

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Pyongyang has urged the UN to act after North Korea’s bulk carrier, the Wise Honest, was captured by US forces. It was seized a year after being detained in Indonesia. Pyongyang’s UN representative Kim Song has sent a letter on Friday to Secretary-General Antonio Guterres asking for immediate action to be taken to return the Read More

Taiwan: Same-sex marriage legalised in first for Asian country

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Taiwan has become the first country in Asia to legalise same-sex marriage. The landmark bill was passed by 66 votes to 27 following a heated debate over marriage equality that has divided the self-ruled island. Thousands of supporters of same-sex marriage gathered outside parliament in the capital Taipei. Ahead of the vote, president Tsai Ing-wen Read More

Major magnetic storm may displace satellites from orbit & hamper GPS navigation – scientists

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The largest magnetic storm in two years, which hit Earth on Tuesday, is no joke, Russian scientists warned, saying that increased solar activity threatens electronics and people’s Health. The phenomenon may divert spacecraft from their orbit and create problems for satellite communications and GPS navigation, the Laboratory of X-Ray Astronomy at the Lebedev Institute of Read More

Vessel seizure is US attempt to bring NK ‘to its knees’ with ‘maximum pressure’ – Pyongyang

7 days ago DieselGasoil Comments Off on Vessel seizure is US attempt to bring NK ‘to its knees’ with ‘maximum pressure’ – Pyongyang
North Korea on Tuesday hit out at the US seizure of one of its cargo vessels, accusing Washington of defying the “underlying spirit” of their new diplomatic relationship and trying to bring Pyongyang to its knees. In a statement, released via the North’s official Korean Central News Agency (KCNA), an unnamed Foreign Ministry spokesperson accused Read More

Satellite images of ‘Russian S-300 in US’ spark guessing game

1 week ago DieselGasoil Comments Off on Satellite images of ‘Russian S-300 in US’ spark guessing game
Satellite photos that purport to show Soviet-made S-300PT air defense systems at a US military site have surfaced online, prompting various theories about how and why they ended up there. The speculations began after an image of what appear to be two 5P85PT launchers on semi-trailers and a 30N6 fire control system were posted online Read More

South Korea’s latest big export: Jobless college graduates

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SEOUL (Reuters) – Cho Min-kyong boasts an engineering degree from one of South Korea’s top universities, a school design award and a near-perfect score in her English proficiency test. Jobseekers look at recruitment advertisements during the 2018 Japan Job Fair in Seoul, South Korea, November 7, 2018. Picture taken on November 7, 2018. REUTERS/Kim Hong-Ji Read More

Asian economies to take over ‘7% Growth Club’ in 2020s, but China is not on the list

1 week ago DieselGasoil Comments Off on Asian economies to take over ‘7% Growth Club’ in 2020s, but China is not on the list
Asian countries are expected to be the main drivers of global growth through the next decade, with growth rates at around 7 percent. China, however, will be absent from the club, according to Standard Chartered predictions. Five of the seven rapidly growing economies will be in Asia, the bank’s analysts, Global Chief Economist David Mann Read More