SEOUL: A recent remark by US Secretary of State Mike Pompeo about “North Korea’s rogue behaviour” will make talks with the United States more difficult, the North’s KCNA news agency yesterday quoted its vice foreign minister, Choe Son Hui, as saying. “We recognised that North Korea’s rogue behaviour could not
NEW YORK: The top two US discount store chains raised their full-year profit forecast on Thursday as a push on adding a range of new products — from fresh food to self-owned brands — starts to pay off, cushioning a blow from increased tariffs on Chinese imports. US President Donald
President Jair Bolsonaro has drawn sharp criticism at the international stage for his handling of wildfires raging in the Amazon, but at home few Brazilians are angered by his reluctant response. Many of his fellow citizens share his aversion to what they see as foreign meddling in how to strike
LONDON: British travel operator Thomas Cook Group said yesterday it had agreed the main terms of a rescue package that will see Hong Kong’s Fosun Tourism take over its tour operations and creditor banks and bondholders acquire its airline. The world’s oldest travel company, and pioneer of the package tour,
SHANGHAI: Costco Wholesale Corp said it will limit the number of shoppers at its new China store after overcrowding forced the US big box retailer to shut it early on the opening day. No more than 2,000 shoppers at any given time will be allowed into the store in a
WASHINGTON: US consumer confidence fell less than expected in August, with households still upbeat about the labour market despite an escalation in trade tensions, which has cast a shadow over the longest economic expansion in history. While the survey from the Conference Board on Tuesday did not change expectations that
As one of the world’s most important trade and business hubs, Hong Kong was always going to struggle this year because of the escalating US-China tariff war. But after three months of anti-government protests, the semi-autonomous Chinese city is facing an existential as well as an economic crisis. The world’s
MEXICO CITY: A man wanted on charges of killing his mother and father, a retired NFL player, in Minnesota was arrested in Mexico’s beach resort city of Cancun and handed over to the FBI, Mexican officials said on Sunday. Dylan John Bennett, 22, was identified in Cancun after police received
SINGAPORE/BEIJING: China’s crude oil imports from Malaysia stood near record levels in July, customs data showed, with traders and a tanker-tracking analyst citing oil either transhipped from Venezuela or blended with Venezuelan crude for the unusual growth. Crude imports from Malaysia rose to 1.35 million tonnes last month, more than
MELBOURNE: Iron ore miner Fortescue Metals Group yesterday posted a record profit and bumper dividend, and said it was still seeing solid demand growth despite trade tensions between China and the United States. A surge in iron ore prices lifted Fortescue’s profit to a record $3.19 billion, almost triple last
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