A Malaysian court charged four Thai nationals on Friday with trafficking migrants from Myanmar, a day after Thailand extradited citizens for the first time in a bid to show it would crack down hard on human smuggling. The Thais were charged in a case related to the 2015 discovery of more than 100 graves of Rohingya and Bangladeshi human smuggling victims found near Malaysia’s border with Thailand. If they are found guilty, the suspects face a maximum of 15 years in jail and a fine, or both. The four, who…
Day: June 25, 2023
China’s biggest IPO in years poses $9bn question for western banks
Receive free Chinese business & finance updates We’ll send you a myFT Daily Digest email rounding up the latest Chinese business & finance news every morning. Goldman Sachs, JPMorgan and other western banks have spent months lobbying to work on one of China’s biggest-ever stock market listings. Syngenta’s planned $9bn Shanghai offering seems like a dream ticket for the banks: a large international company that has existing relationships with global institutions. But as rising geopolitical tension unravels the commercial ties between the US and China, the banks may not even…
China’s biggest IPO in years poses $9bn question for Goldman and rivals
Receive free Chinese business & finance updates We’ll send you a myFT Daily Digest email rounding up the latest Chinese business & finance news every morning. Goldman Sachs, JPMorgan and other western banks have spent months lobbying to work on one of China’s biggest-ever stock market listings. The planned $9bn Shanghai listing of Swiss agricultural chemicals company Syngenta appears to be a dream ticket for the banks: a large international company that has existing relationships with global institutions. But as rising geopolitical tension unravels the commercial ties between the US…
Saudi Arabia sends top delegation to China’s ‘Summer Davos’
Receive free Chinese business & finance updates We’ll send you a myFT Daily Digest email rounding up the latest Chinese business & finance news every morning. Saudi Arabia will send one of the biggest official delegations to this week’s “Summer Davos” in China, as Beijing deepens co-operation with the Middle East to reboot the world’s second-largest economy after three years of Covid-19 lockdowns. The attendance of the 24-strong delegation, which will include six ministers and vice-ministers, at the first in-person World Economic Forum event in China in three years comes as…
Misting fans and cooling canal swims: China’s north bakes in record heatwave – in pictures
Temperatures have also soared above 40C in recent days in nearby Hebei province and the port city of Tianjin, Photograph: Anadolu Agency/Getty Images Share on Facebook Share on Twitter The Guardian
International team uses China’s FAST telescope to shed light on spinning pulsar spider systems
“The two-star system is right in the middle of hundreds of millions of years of evolution. As the pulsar spins faster and faster, the feeding process – which draws them closer – stops,” said paper co-author Zhang Bing from the University of Nevada, Las Vegas. “Next up, powerful particles generated by the pulsar are going to push the lighter and lighter companion star away and eventually erode it.” Advertisement The detection, made possible with the world’s largest and most sensitive radio telescope, filled an observation gap in the evolutionary theory…
Russia Says China Backs Its Efforts to Stabilize the Country After Mercenary Rebellion
Advertisement Russia said on Sunday that China threw its support behind President Vladimir Putin’s efforts to stabilize the country after an aborted rebellion against the Kremlin by an army of mercenaries. The Russian Foreign Ministry said China declared support for the leadership in Moscow during a previously unannounced trip to Beijing by Russian Deputy Foreign Minister Andrei Rudenko. “The Chinese side expressed support for the efforts of the leadership of the Russian Federation to stabilize the situation in the country in connection with the events of June 24, and reaffirmed…
China downplays Wagner rebellion as Russia’s ‘internal affairs’
Chinese officials have described an aborted rebellion by the Wagner group of mercenaries as Moscow’s “internal affairs”, while one state media mouthpiece dismissed the divisions in Russia as an “illusion” being exploited by the west. Russia’s deputy foreign minister Andrei Rudenko held talks in Beijing on Sunday after the most serious challenge to president Vladimir Putin’s grip on power since he came to power in 2000. China’s foreign ministry initially said only that Rudenko had exchanged views with China’s foreign minister, Qin Gang, on Sino-Russian relations as well as “international…
China’s middle-aged jobseekers face age discrimination in unfriendly market as economic, unemployment pressures rise
“This has almost become my fixed daily routine,” said Fan, who occasionally skips breakfast at home to appear to be running late for work. “I don’t want to make the old people worried. Also, I am afraid that lying at home all day may leave a negative impression on my daughter,” added Fan, who admits she feels a bit shameful for losing the job as most of her relatives are in a good financial situation. Advertisement Fan has applied for over 70 positions across various job portals, but has only…
Packages From China Are Surging Into US; Some Say $800 Duty-Free Limit Was Mistake
Washington — Conservatives anxious to counter America’s leading economic adversary have set their sights on a top trade priority for labor unions and progressives: cracking down on the deluge of duty-free packages coming in from China. The changing political dynamic could have major ramifications for e-commerce businesses and consumers importing products from China valued at less than $800. It also could add to the growing tensions between the countries. Under current U.S. law, most imports valued at less than $800 enter duty-free into the United States as long as they…