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The Joint Ministerial Monitoring Committee (JMMC) of OPEC+, the Organization of the Petroleum Exporting Countries (OPEC) and its allies, on Thursday confirmed the oil-producer group’s commitment to its current output policy.The JMMC said in a statement following its meeting earlier that day th...
The Bank of England (BoE) has voted to cut its benchmark interest rate to five percent, the United Kingdom’s (UK) central bank said in a statement on Thursday.At a meeting on Wednesday, the BoE’s Monetary Policy Committee (MPC) voted by a majority of 5-4 to reduce the interest rate by 0....
Business
China is making efforts to step up its fiscal policy support and ensure the implementation of established policies, aiming to consolidate its economic recovery as rising external headwinds weigh on growth.The country will strengthen its fiscal policy to ensure the economy sustains its recovery momen...
The number of effective artificial intelligence (AI) invention patents in China reached 378,000 by the end of 2023, representing a year-on-year growth rate of over 40 percent, the country's top intellectual property regulator released the data on Monday."The growth rate in China is 1.4 time...
The eighth China-South Asia Expo concluded Sunday, with domestic and foreign trade contracts worth a total value of over 8 billion yuan (about 112 million U.S. dollars) signed, according to the organizers.During the event held in Kunming, the capital of southwest China's Yunnan Province, the cum...
Chinese automaker Neta on Thursday has announced the launch of the Neta X, an SUV-style electric vehicle (EV) in Thailand, aiming to strengthen its product lineup in this Southeast country.The Neta X is the second model launched this year in Thailand, following the introduction of the Neta V-II, a c...
World
A passenger plane crashed on take-off in Kathmandu on Wednesday, with the pilot rescued from the flaming wreckage but all 22 others aboard killed, police in the Nepali capital told AFP.Nepal has a woeful track record on aviation safety and the Himalayan republic has seen a spate of deadly light plan...
In Dalian Bay, a modern equipment manufacturing base in northern China, hundreds of workers are working on a cargo containment system for a large liquefied natural gas (LNG) carrier, a flagship China-made vessel that sells well abroad.Dalian Shipbuilding Industry Group Co., Ltd, the manufacturer in ...
Pakistan and Azerbaijan have agreed to take economic relations to new heights, enhancing the bilateral investment level of up to 2 billion U.S. dollars in areas of mutually beneficial projects.In a joint press stakeout along with Azerbaijani President Ilham Aliyev, Pakistani Prime Minister Shehbaz S...
Japan saw a record number of people living alone last year, while households with children under the age of 18 reached an all-time low, a government survey showed on Friday.Single-person households in the Asian country totaled 18.5 million as of June 2023, comprising 34 percent of all households, th...
U.S. fast food chain McDonald's has teamed up with four bakeries and food suppliers, including Bimbo and Tyson Foods, to jointly launch a food supply base in central China's Hubei Province.The smart industrial park in Hubei's Xiaogan City, put into operation on Wednesday, is expected to ...
China's travel and tourism sector is set to inject a record-breaking 12.62 trillion yuan (1.7 trillion U.S. dollars) into its economy by the end of this year, the chief executive of the World Travel & Tourism Council (WTTC) has said."Travel and tourism are contributing massively to the ...
The International Monetary Fund (IMF) Shanghai Regional Center was officially opened on Wednesday, according to a statement published on the official website of the People's Bank of China (PBOC).The center in Shanghai is one of the regional centers set up by the IMF around the world. It has been...
The UN Security Council on Monday adopted a resolution aimed at reaching a comprehensive ceasefire deal in three phases to end the war in Gaza.Adopted by a large majority with 14 votes in favor and Russia abstaining, Resolution 2735 also urges both parties to the conflict to fully implement the term...
At least 22 people, including two children, lost their lives Sunday night in a traffic accident involving a goods truck and a passenger bus on national road EN6 in Mozambique's central province of Sofala.According to Radio Mozambique, the state radio station, another 48 people were injured. Repo...
Global fisheries and aquaculture production has reached a new peak, with aquaculture production of aquatic animals surpassing capture fisheries for the first time, according to a report from the Food and Agriculture Organization of the United Nations (FAO) released on Friday. The report, titled...
The North Atlantic Treaty Organization (NATO) Secretary General Jens Stoltenberg said here on Thursday that NATO has no plans to deploy forces to Ukraine.At a joint press conference with Finnish President Alexander Stubb on the second day of his two-day visit to Finland, Stoltenberg said that "...
Foreign investors are intensifying their presence in China by opening new stores, launching innovative products, signing more cooperation contracts, and building production plants and R&D centers.In the first four months of 2024, the number of newly established foreign-invested enterprises in Ch...
Hamas announced on Thursday that it has informed mediators of its readiness to reach a "full agreement," including a comprehensive hostages-prisoners exchange deal, if Israel stops its war in the Gaza Strip, according to a statement from the Gaza-ruling Palestinian faction. Hamas said...
Vietnam's national index of industrial production in May increased 3.9 percent against the previous month and 8.9 percent year on year, according to latest data released by the General Statistics Office (GSO).In the first five months of 2024, the index increased 6.8 percent year on year, said th...
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