China drops GDP goal, pledges higher spending as parliament starts

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[caption id="attachment_1548" align="alignleft" width="716"] Chinese President Xi Jinping (left) and Premier Li Keqiang arrive for the opening session of the Chinese People's Political Consultative Conference...

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US warns China against ‘highly destabilising’ Hong Kong move

May 21, 2020May 22, 2020

Pedestrians walk under a television screen in Hong Kong showing a news broadcast of Chinese President Xi Jinping. WASHINGTON, DC: The United States on...

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Business News

US to sell Taiwan US$180 million worth of torpedoes

May 20, 2020May 21, 2020

[caption id="attachment_1511" align="alignnone" width="717"] A Lafayette-class frigate of the Taiwan navy taking part in an exercise off the southern naval base of Tsoying in 2014....

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Woman wins Picasso painting worth €1m in raffle

May 20, 2020May 20, 2020

An Italian woman has won a painting by Pablo Picasso, worth about €1m (£900,000; $1.1m), in a raffle after being given the ticket as a...

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Business News

US Senate passes bill that could delist some Chinese firms

May 20, 2020May 20, 2020

The US Senate has passed a bill that could block some Chinese companies from selling shares on American stock exchanges. Chinese online retail giant Alibaba...

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Australian states split over opening borders for domestic tourism

May 20, 2020May 21, 2020

FILE PHOTO: People stroll through a park in front of the Sydney Opera House amidst the easing of the coronavirus disease (COVID-19) restrictions in Sydney,...

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Business News

Toy and vegetable costs rise as fuel price drops

May 20, 2020May 20, 2020

The UK's inflation rate fell in April to its lowest since August 2016 as the economic fallout of the first month of the lockdown hit...

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Business News

J&J to sell baby powder in UK despite stopping US sales

May 20, 2020May 20, 2020

Healthcare giant Johnson & Johnson says it will continue to sell its talc-based Johnson's Baby Powder in the UK and the rest of the world,...

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Breaking News Business News

Coronavirus: World Bank warns 60m at risk of ‘extreme poverty’

May 20, 2020

Up to 60m people will be pushed into "extreme poverty" by the coronavirus warns the president of the World Bank. David Malpass said the bank...

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Germany, France propose 500 billion Euro recovery fund for pandemic-hit EU

May 19, 2020May 20, 2020

In a joint statement, German Chancellor Angela Merkel and French President Emmanuel Macron said the fund would see European Union budget money used to help...