12 January 2020


  • A Reuters investigation revealed that US intelligence contractors clandestinely assisted a foreign spying operation in the United Arab Emirates, helping the monarchy to crack down on internal dissent. Photo: Reuters

    US passes legislation on overseas sales of cyber tools

    Jan 3, 2020 8:11am
    Newly passed legislation will push the US State Department to disclose how it polices the sale of cyber tools and services abroad. The move followed a Reuters investigation which revealed that American intelligence contractors clandestinely assisted...
  • Ant Financial said it has submitted an application to the Monetary Authority of Singapore for a digital wholesale banking license. Photo: Reuters

    Ant Financial applies for Singapore digital banking license

    Jan 3, 2020 8:06am
    China’s Ant Financial, an affiliate of e-commerce giant Alibaba Group Holdings, has joined the race for a digital banking licence in Singapore, Reuters reports, citing a company statement. The Monetary Authority of Singapore (MAS) has said...
  • Former Nissan chairman Carlos Ghosn said he had fled to Lebanon to escape what he called a “rigged” justice system in Japan. Photo: Handout / Representatives for Carlos Ghosn / AFP

    Lebanon receives Interpol arrest warrant for Ghosn

    Jan 3, 2020 7:46am
    Lebanon received an Interpol arrest warrant on Thursday for former Nissan chairman Carlos Ghosn, while Turkey launched an investigation into his daring escape from Japan via Istanbul, Reuters reports. Ghosn has become an international fugitive after...
  • US stock markets rose as fresh economic stimulus from China added to investors' optimism fueled by easing trade tensions and an improving global outlook. Photo: Reuters

    Wall Street starts 2020 with record highs

    Jan 3, 2020 7:31am
    Wall Street’s major indexes notched record highs to open the new year on Thursday as fresh economic stimulus from China added to optimism fueled by easing trade tensions and an improving global outlook. China’s central bank...
  • The People’s Bank of China has referred to its latest RRR cut as a ‘counter-cyclical’ measure to support economic growth and improve the access to financing. Photo: Reuters

    China makes another move to support economic growth

    - Jan 2, 2020 5:06pm
    China’s economy has shown much?resilience last year despite a series of internal and external challenges, including swine flu, trade war, and the unrest in Hong Kong. Though the economic performance is commendable, authorities still need to...
  • Xiaomi CEO Lei Jun cited the need to "completely cement our king status in the smart era". Photo: Reuters

    Xiaomi to invest US$7 billion in 5G and AI over next five years

    Jan 2, 2020 4:32pm
    Chinese smartphone maker Xiaomi Corp. will invest more than 50 billion yuan (US$7.18 billion) in artificial intelligence and fifth-generation internet technologies over the next five years, Reuters reports. Xiaomi chief executive Lei Jun made the announcement...
  • Stock Connect, which began operating last year, was seen as a major step by China to open up its capital markets as well as linking them globally. Photo: AFP

    China halts British stock link over political tensions: report

    Jan 2, 2020 4:03pm
    China has temporarily blocked planned cross-border listings between the Shanghai and London stock exchanges because of political tensions with Britain, five sources told Reuters. Suspending the Shanghai-London Stock Connect scheme casts a shadow over the future...
  • Singapore's export-oriented economy has been hit hard by the US-China trade war and a cyclical global downturn in the electronics sector. Photo: Reuters

    Singapore economy expands 0.7% in 2019, slowest in a decade

    Jan 2, 2020 10:09am
    Singapore’s economy expanded at its slowest pace in a decade last year as the manufacturing sector struggled, even though growth picked up slightly in the fourth quarter, Reuters reports, citing official preliminary data released on Thursday....
  • The yellow box indicates where an AI system found cancer hiding inside breast tissue. Photo: Northwestern University/Handout via Reuters

    Google AI system could improve breast cancer detection: study

    Jan 2, 2020 8:47am
    A Google artificial intelligence system proved as good as expert radiologists at detecting which women had breast cancer based on screening mammograms and showed promise at reducing errors, researchers in the United States and Britain reported....
  • Airbus deployed extra resources until hours before midnight to reach 863 aircraft for the year, compared with its revised target of 860 jets. Photo: Reuters

    Airbus ousts Boeing as top planemaker with 863 jet deliveries

    Jan 2, 2020 8:36am
    Airbus has become the world’s largest planemaker for the first time since 2011 after delivering a forecast-beating 863 aircraft in 2019, seizing the crown from embattled US rival Boeing, Reuters reports, citing airport and tracking sources....
  • Police stand at the scene of the Ethiopian Airlines Flight ET 302 plane crash, near the town of Bishoftu, southeast of Addis Ababa, Ethiopia on March 11, 2019. Photo: Reuters

    Major commercial plane crash deaths down over 50% in 2019

    Jan 2, 2020 8:24am
    A Dutch consulting firm said the number of people killed in large commercial airplane crashes fell by more than 50 percent in 2019 despite a high-profile Boeing 737 MAX crash in Ethiopia in March, Reuters reports.?...
  • People walk past a house that is believed to belong to Carlos Ghosn in Beirut, Lebanon on Tuesday. Photo: Reuters

    Carlos Ghosn says he fled Japan ‘to escape injustice’

    Dec 31, 2019 5:44pm
    Ousted Nissan boss Carlos Ghosn confirmed on Tuesday that he fled to Lebanon, saying he didn’t want to be “held hostage” by a “rigged” justice system in Japan where he had been awaiting trial on financial...
  • Filing a lawsuit against a new California labor law, Uber and others have argued that the bill discriminates against gig economy businesses that rely on independent contractors. Photo: Reuters

    Uber, Postmates sue to block California gig worker law

    Dec 31, 2019 12:02pm
    Ride-hailing firm Uber and courier services provider Postmates asked a court to block a California labor law set to go into effect on Wednesday, arguing the bill violates the US Constitution, Reuters reports. In a lawsuit...
  • A file picture shows former Nissan chief Carlos Ghosn leaving a detention house in Tokyo on April 25, 2019. Awaiting trial on financial misconduct charges, he is now reported to have left Japan. Photo: Reuters

    Ex-Nissan boss Ghosn leaves Japan, in Beirut now: report

    Dec 31, 2019 10:52am
    Carlos Ghosn, the ousted boss of the Renault-Nissan carmaking alliance who was grounded in Japan while awaiting trial on charges of financial misconduct, was in Lebanon as of Monday, a person close to Ghosn told Reuters....
  • Huawei gets a chance to bid for 5G contracts in India, one of the world's fastest growing telecoms markets. Photo: Reuters

    Huawei gets India nod to participate in 5G trials

    Dec 31, 2019 10:02am
    The Indian government has allowed Chinese telecoms equipment giant Huawei Technologies to participate in trials for 5G networks in the country, Reuters reports, citing a company spokesman. India’s telecom department will meet operators on Dec. 31...
  • A North Korean hacking group had targeted government employees, think-tanks, university staff members and individuals working on nuclear proliferation issues, according to Microsoft. Photo: Reuters

    N Korea-linked hackers stole sensitive info, Microsoft says

    Dec 31, 2019 8:46am
    Microsoft said on Monday that it has taken control of web domains which were used by a hacking group called “Thallium” to steal information, Reuters reports. Thallium is believed to be operating from North Korea, the...
  • Huawei says the external environment is 'becoming more complicated than ever.' Photo: Reuters

    Huawei flags 18% revenue growth for 2019, sees tough 2020

    Dec 31, 2019 8:33am
    Chinese telecoms equipment giant Huawei Technologies expects its 2019 revenue to come in at around 850 billion yuan (US$121.7 billion), up 18 percent over the previous year but lower than the firm’s earlier projections. Rotating chairman...
  • Employees work on the production line at a TV factory in Shenzhen. The credit impulse in China’s economy is expected to rise further, helping drive an improvement in the global business cycle. Photo: Reuters

    Emerging market outlook for 2020

    - Dec 31, 2019 8:00am
    It has been a turbulent year for financial markets in the emerging world. Not only did investors have to contend with a sharp slowdown in China’s economy in the first half of the year that spilled...
  • China aims to lower the cost of borrowings for enterprises as part of efforts to protect the employment market. Photo:

    China moves to stabilize job market, bring down funding costs

    - Dec 30, 2019 4:57pm
    As economic growth slows, China is moving quickly to ease the downward pressure on the job market. The official unemployment rate this year has gone up to 5.1 percent, up 0.3 percentage points from the year...
  • Tesla's China chief Zhu Xiaotong and staff members attend a delivery ceremony for China-made Tesla Model 3 vehicles at the firm’s Shanghai factory on Monday. Photo: Reuters

    Tesla begins deliveries of China-made Model 3 cars

    Dec 30, 2019 12:17pm
    Tesla on Monday began delivering Model 3 vehicles built at its Shanghai factory, marking the occasion with a ceremony during which 15 of its employees received cars they had purchased, Reuters reports. The event means the...