China’s trading partners alarmed by food import controls
Author: JOE McDONALD & GILLIAN WONG | APMon, 2017-03-20ID: 1489995157142983600BEIJING: China’s trading partners are bringing the top UN food standards official to Beijing in a last-ditch attempt to persuade regulators to scale back plans to require intensive inspections of food imports — including such low-risk items as wine and chocolate — that Washington and Europe say could […]
Uber president leaves after six months
Author: Agence France PresseMon, 2017-03-20ID: 1489994946962963800WASHINGTON: Ridesharing giant Uber took another hit with the departure of its president, Jeff Jones, after just six months, US media reported Sunday.Jones’ departure comes after a series of difficulties at Uber, Recode and The Wall Street Journal reported. According to Recode, Jones had voiced dissatisfaction with the company’s strategies.Reached by AFP, […]
G-20 summit acquiesces to US, drops free-trade pledge
Author: ReutersMon, 2017-03-20ID: 1489950394727722800BADEN-BADEN: Financial leaders of the world’s biggest economies dropped a pledge to keep global trade free and open, acquiescing to an increasingly protectionist US after a two-day meeting failed to yield a compromise.Breaking a decade-long tradition of endorsing open trade, G-20 finance ministers and central bankers made only a token reference to trade in […]
Scots weigh economic uncertainty of independent future
Author: AFPMon, 2017-03-20ID: 1489950394757723400ABERDEEN: The prospects for Scotland’s economy after Brexit are at the heart of the battle between its pro-independence first minister and British Prime Minister Theresa May, who wants Britain to stay united as it leaves the EU.Nicola Sturgeon has warned that leaving the bloc’s single market will cause tens of thousands of job losses […]
Reinsurers design tailored deals in search of higher returns
Author: ReutersMon, 2017-03-20ID: 1489950394747723100ZURICH: Reinsurer Swiss Re, usually involved in mega-deals on natural disaster coverage, is branching out on its own to do individually tailored schemes to boost returns, such as one in China to protect farmers against floods or drought.This tailor-made approach is part of Swiss Re’s response to fierce competition in the reinsurance industry, where […]
Beijing shuts last coal power plant
Author: ReutersMon, 2017-03-20ID: 1489950394797723700BEIJING: The last large coal-fired power plant in Beijing has suspended operations, with the city’s electricity now generated by natural gas, the state news agency reported as smog enveloped the Chinese capital this weekend.The shuttering of the Huangneng Beijing Thermal Power Plant comes on the heels of China’s annual legislative sessions, where Premier Li […]
Sino-Saudi synergy to create huge opportunities, says Aramco chief
Author: Arab NewsMon, 2017-03-20ID: 1489950340647706300BEIJING: The long-standing ties between Saudi Arabia and China can be further amplified with a host of new business and economic opportunities ranging from energy collaboration, knowledge and technology transfer, as well as innovation-driven industries, said Amin Nasser, Saudi Aramco president and chief executive officer.He was speaking at the China Development Forum (CDF) […]
Real estate tycoon appointed Dubai Holding chairman
Author: ReutersMon, 2017-03-20ID: 1489950340677706600DUBAI: One of Dubai’s leading real estate tycoons will take charge of Dubai Holding, the investment vehicle of the emirate’s ruler, which has a $35 billion portfolio of assets in over 20 countries, the Dubai government said on Sunday.Abdulla Al-Habbai was chosen as chairman of the investment conglomerate by Sheikh Mohammed bin Rashid Al-Maktoum, […]
Brazil detains officials in rotten meat probe
Author: ReutersMon, 2017-03-20ID: 1489950340687706900RIO DE JANEIRO: Police detained an executive of BRF SA on Saturday, as the meat company and rival JBS SA took out full-page advertisements to burnish their image after raids to investigate alleged bribes paid to conceal unsanitary conditions in Brazil’s meatpacking facilities.Roney Nogueira, a government relations executive with BRF, turned himself into police […]
Auto industry backs commitment to fuel economy
Author: The Associated PressMon, 2017-03-20ID: 1489950340737707200DEARBORN: Just because President Donald Trump may weaken US fuel economy requirements; do not expect gas guzzlers like the giant 13 miles per gallon (mpg) Hummer H1 to make a comeback. Executives from automakers and suppliers recently gathered at a conference outside of Detroit said looser fuel economy standards might allow for […]
