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Australia: No appetite for new TPP talks to accommodate US

Australia: No appetite for new TPP talks to accommodate US

SYDNEY: There is “no appetite” among the Trans-Pacific Partnership (TPP) signatories for major renegotiations to accommodate the US, Australia said yesterday after President Donald Trump indicated he was considering rejoining the trade pact. Trump said on Thursday the US could re-enter the TPP if it could get a “better” deal, a major U-turn after leaving […]

April 15, 2018 | By | Reply More
The real worry for oil prices isn’t missile over Syria

The real worry for oil prices isn’t missile over Syria

For prices to really keep moving higher, the US would have to take serious action against Syria’s key sponsors: Russia and Iran. DAMASCUS: Rising geopolitical tensions in the Middle East have already boosted oil prices and there is plenty of scope for them to move higher still. That an oil price spike would follow Western […]

April 15, 2018 | By | Reply More
AirAsia, Mitsui and the signs of Concur

AirAsia, Mitsui and the signs of Concur

KUALA LUMPUR: To quite a few professionals overseeing travel and expense management, the Kuala Lumpur International Airport (KLIA) area is one synonymous with Concur, an enterprise software company that was acquired by SAP in 2014. The New Straits Times had previously reported that AirAsia Global Shared Services had implemented an integrated travel and expense Concur […]

April 15, 2018 | By | Reply More
China to support horse racing, expand sports lottery in Hainan

China to support horse racing, expand sports lottery in Hainan

China will support the development of horse racing and other projects including beach and water sports in Hainan. (Bloomberg pic) HAINAN: China said it would encourage horse racing and expand sports lotteries in the southernmost island of Hainan, moves that may eventually open the door to gaming on the nation’s mainland for the first time. […]

April 15, 2018 | By | Reply More
Hainan becomes test case in China campaign to phase out gas cars

Hainan becomes test case in China campaign to phase out gas cars

China will control the number of vehicles in Hainan in “a scientific way,” in a bid to make the island a place with a “green lifestyle”. China aims to phase out sales of fossil-fuel vehicles in the province, and to accelerate the use of new-energy and energy-saving cars on the island. (Bloomberg pic) HAINAN: The […]

April 15, 2018 | By | Reply More
US to back US$13 billion World Bank capital increase

US to back US$13 billion World Bank capital increase

Mnuchin is expected to lend his support for the plan at next week’s World Bank and International Monetary Fund spring meetings. Secretary of the Treasury Steve Mnuchin testifies before the House Committee on Appropriations on Capitol Hill in Washington, US, April 11, 2018. (Reuters pic) WASHINGTON: The Trump administration is expected to support a US$13 […]

April 15, 2018 | By | Reply More
Sorrell quits as CEO of advertiser WPP

Sorrell quits as CEO of advertiser WPP

Sorrell has made headlines in recent years regarding his sizeable pay at a time when traditional advertising groups struggle against fierce competition from the likes of Google and Facebook. Sir Martin Sorrell, Chief Executive Officer of WPP, attends the World Economic Forum (WEF) annual meeting in Davos, Switzerland, January 23, 2018. (Reuters pic) LONDON: Martin […]

April 14, 2018 | By | Reply More
China to set up Hainan free trade zone by 2020, port by 2025

China to set up Hainan free trade zone by 2020, port by 2025

Hainan is the headquarters of China’s aviation-to-financial services conglomerate HNA. A hangar of HNA Group Co Ltd is pictured at Haikou Meilan International Airport in Haikou, Hainan province, China January 9, 2018. (Reuters pic) SHANGHAI: China aims to establish a free trade zone in Hainan by 2020 and will encourage multinationals to set up their […]

April 14, 2018 | By | Reply More
Chinese urged to boycott US firms, but Big Mac fans unconvinced

Chinese urged to boycott US firms, but Big Mac fans unconvinced

Appeals to shun the likes of McDonald’s, KFC and Apple’s iPhone have appeared on the popular WeChat messaging app and the Weibo microblogging website in recent days. US President Donald Trump’s tariffs on Chinese goods have roused nationalist sentiment in the world’s second largest economy, where consumers have a long track record of spurning foreign […]

April 14, 2018 | By | Reply More
Malaysia to lead protest against EU's anti-palm oil move

Malaysia to lead protest against EU's anti-palm oil move

SUNGAI PETANI: Malaysia has been given the honour of leading the protest among co-operatives against the European Union’s (EU) plan to ban the use of palm oil in transport fuels by 2021, according to Angkatan Koperasi Kebangsaan Malaysia Bhd (Angkasa) President, Datuk Abdul Fattah Abdullah. He said the International Co-operative Alliance (ICA) had given its […]

April 14, 2018 | By | Reply More