Author: AFP

Business trumps politics for Chinese firms at CES

LAS VEGAS: Xiaoyu Fan smiled as she looked around a bustling China Pavilion at the Consumer Electronics Show Wednesday as gadgets like bladeless fans were displayed and deals were being made. Hundreds of Chinese companies were at the annual CES gadget extravaganza, shrugging off US-China political trade tensions and focusing

US strikes Yemen after Huthis threaten Red Sea ships

SANAA: The United States carried out a fresh strike Saturday on a Huthi rebel target in Yemen, US Central Command said, after the Iran-backed militants warned of further attacks on ships in the Red Sea. The strike on a Huthi radar site comes a day after scores of attacks across

Huthi attacks deepen Egypt’s economic woes

CAIRO: Attacks by Yemen’s Huthi rebels in the Red Sea have caused shipping companies to avoid the Suez Canal — a key source of revenue for Egypt as it battles a deep economic crisis. International Monetary Fund figures show 35 per cent less cargo was transported through the Suez Canal

Polls close in Taiwan election

TAIPEI: Vote counting got under way Saturday in Taiwan’s presidential election, held in the shadow of threats from China that choosing the wrong leader could set the stage for war on the self-ruled island. Beijing slammed frontrunner Lai Ching-te, the current vice president, as a dangerous “separatist” in the days

Sweden studies how to save cash from extinction

STOCKHOLM: The Swedish government said Friday it wants to ensure cash can be used for basic necessities as electronic payments come to dominate transactions in the Scandinavian country. Only eight per cent of Swedes had used cash for recent purchases in 2022 compared to 40 per cent in 2010, according

Sharks killed at alarming rates despite regulations

PARIS: Global shark populations are plummeting despite worldwide efforts to curb mass killings for their fins, researchers said in a new report showing that more needs to be done to protect one of the ocean’s apex species. Between 2012 and 2019, the number of sharks killed from fishing increased from

Russia offers to relocate city’s residents after shelling

KYIV: Russian officials in the southern border city of Belgorod offered to evacuate worried residents on Friday, an unprecedented announcement that follows waves of fatal Ukrainian attacks. The Kremlin has tried to maintain a semblance of normalcy on the home front, but the recent strikes on Belgorod have brought the

China launches anti-dumping probe into EU brandy

BEIJING: China said Friday it had launched an anti-dumping investigation into brandy imported from the European Union, as commercial tensions flare between the two trading superpowers. The Ministry of Commerce said the probe followed a complaint filed in November by China’s liquor association on behalf of the domestic brandy industry.

Focus turns to retrieval in quake aftermath

SHIROMARU (Japan): Rescuers and residents sifted through rubble Saturday as focus turned to recovering bodies and cleaning up rather than finding survivors, five days after a huge earthquake struck central Japan killing at least 110 people. The death toll from the New Year’s Day 7.5-magnitude quake in the Ishikawa region

Global food prices drop 13.7% in 2023

PARIS: World food prices fell in 2023, with considerable declines for grains and oils as supply concerns eased, the UN’s Food and Agriculture Organization said Friday. Overall, world food commodity prices fell 13.7 per cent in 2023 against the previous year, Rome-based FAO said. The FAO’s cereals price index fell