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Business

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Cayman Islands, a global hub housing trillions of U.S. dollars
Cayman Islands, a global hub housing trillions of U.S. dollars

China, which was the largest holder of U.S. government debt as recently as 2019, has cut its holdings to the lowest level since 2008,...

U.S. stocks end week with major sell-off, Dow Jones dives 447 points
U.S. stocks end week with major sell-off, Dow Jones dives 447 points

NEW YORK, New York - U.S. stocks ended sharply lower Friday as the deeply unpopular Netanyahu-Trump war on Iran continued to play havoc...

Iran war-driven fuel spike could boost EV, hybrid demand
Iran war-driven fuel spike could boost EV, hybrid demand

GUILDFORD, U.K./RICHMOND, Virginia: A surge in gasoline prices linked to the Iran war is beginning to ripple through the auto market,...

Milk price crash pushes UK dairy farms toward crisis point
Milk price crash pushes UK dairy farms toward crisis point

AUDLEM, England: A sharp fall in milk prices, driven by oversupply, is pushing UK dairy farmers toward losses, with many warning that...

India weighs fuel export requests as Hormuz crisis worsens
India weighs fuel export requests as Hormuz crisis worsens

NEW DELHI, India: India will prioritise domestic fuel demand as it reviews requests from neighbouring countries for supplies, approving...

Oil and gas attacks leave U.S., global stock markets rattled
Oil and gas attacks leave U.S., global stock markets rattled

NEW YORK, New York - U.S. stock markets closed lower on Thursday, as investor sentiment was rattled by devastating attacks on oil and...

China

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LNG crunch pushes Asian utilities back to coal power
LNG crunch pushes Asian utilities back to coal power

SINGAPORE/KARACHI: Asian utilities are increasingly turning to coal-fired power to manage rising energy costs and secure supply, as...

US-China Paris talks explore trade, agriculture deals
US-China Paris talks explore trade, agriculture deals

PARIS, France: U.S. and Chinese economic officials were expected to conclude talks in Paris on March 16 to outline potential trade...

War reroutes pharma shipments, threatens cancer drug supply
War reroutes pharma shipments, threatens cancer drug supply

LONDON, U.K.: The war in the Middle East is forcing pharmaceutical companies to reroute shipments of critical medicines to the region,...

Sydney court convicts business consultant who spied for China
Sydney court convicts business consultant who spied for China

MELBOURNE, Australia: A jury in a Sydney court found a businessman from the city guilty of providing reports to two people he should...

Sports Focus: How tai chi is taking root in Rwanda
Sports Focus: How tai chi is taking root in Rwanda

In Rwanda, tai chi has grown from a martial arts import into a widely embraced practice for healing and harmony, with local instructors...

China advancing a greener, smarter blue economy
China advancing a greener, smarter blue economy

FUZHOU, March 21 (Xinhua) -- The First FAO-CFA Joint International Conference on Sustainable Aquaculture took place in Fuzhou, the...