Economic review

Amazon senior executive, Supermicro CEO urge Bloomberg to retract alleged spy chip story

2018-10-23 15:14:06

Amazon web service CEO Andy Jassy and Supermicro CEO Charles Liang Monday joined Apple CEO Tim Cook in urging Bloomberg to retract its story about alleged malicious chips planted in Silicon Valley-bound motherboards. Full Story

Malta to tighten tax-avoidance rules to improve regulatory structure

2018-10-23 04:52:10

Malta will be tightening its tax avoidance rules in line with EU directives, in a bid to improve the island's financial regulatory structure, Malta's Finance Minister Edward Scicluna announced on Monday. Full Story

Elon Musk announces opening of free underground rides in LA in December

2018-10-23 02:46:33

Elon Musk, founder and CEO of The Boring Company, announced that the first tunnel of a proposed underground transportation network across Los Angeles County would open in December. Full Story

Garment manufacturers group urges EU not to suspend trade preferences for Cambodia

2018-10-22 22:55:22

The Garment Manufacturers Association in Cambodia (GMAC) has called on the European Union (EU) not to suspend trade preferences for Cambodia, saying that any sanctions may spell adverse impacts on the lives of workers and their families. Full Story

China's central bank injects 120 bln yuan into market

2018-10-22 14:13:14

China's central bank injected 120 billion yuan (about 17.3 billion U.S. dollars) of funds into the market on Monday through reverse repos to maintain liquidity. Full Story

Oil prices go down amid U.S. crude stockpiles up

2018-10-22 05:46:54

After experiencing the biggest weekly loss in six months last week, West Texas Intermediate (WTI) price for November delivery and Brent oil price for December delivery lost 3.7 percent and 1.2 percent, respectively, during the week ending Oct. 19. Full Story

Green car sales doubles in first nine months in Romania

2018-10-22 02:36:22

The sales of new eco-friendly cars almost doubled in the first three quarters of 2018 in Romania, compared to the same period of last year, according to the latest data released by the Automotive Manufacturers and Importers Association (APIA). Full Story

Chinese private enterprises cash in on global oil and gas business

2018-10-22 01:16:12

The Liquefied Natural Gas (LNG) terminal invested by ENN Group, a Chinese private energy company, began operations with Friday's arrival of a ship loaded with 69,000 tonnes of LNG from Australia. Full Story

Microsoft locates first VR/MR incubator in China's Jiangxi

2018-10-21 01:17:11

U.S. tech giant Microsoft on Saturday signed a Memorandum of Understanding (MoU) to locate its incubator project centering on virtual reality (VR) and mixed reality (MR) in Nanchang, east China's Jiangxi Province. Full Story

Interview: China Int'l Import Expo provides opportunities for Israeli businesses: official

2018-10-20 23:46:47

The upcoming China International Import Expo (CIIE) is expected to create more cooperation opportunities for the Israeli business sector, said Uriel Lynn, an Israeli commerce official. Full Story