Business

China economy rebounds in 2017 with 6.9% growth

China's economy grew a forecast-beating 6.9 percent in 2017, picking up steam for the first time since 2010 despite its battles against a massive debt and polluting factories, official data showed Thursday

China's local government debt growth almost doubles in 2017

Local government debt expanded again in China last year despite Beijing's pledge to rein in a growing national debt load that has sparked fears of a financial crisis in the world's number two economy

Business

China box-office back to strong growth in 2017

China's box-office revenues surged in 2017 after slowing sharply the preceding year, official media reported, as the world's second-largest movie market edges closer to overtaking the US.

China's Ant Financial drops MoneyGram deal as US approval fails

Ant Financial, an affiliate of Chinese internet titan Alibaba, has been forced to abandon a $1.2 billion deal to buy US remittances firm MoneyGram after failing to get approval from regulators in Washington.

Business & Tech

Faring badly: Uber struggles to make inroads in Japan

Japan, with its wealthy customer base and megacities like Tokyo, should represent rich pickings for Uber

Social network

Facebook opens new London hub, creating 800 jobs

Social media titan Facebook will open a new office in London on Monday that is set to be its biggest engineering hub outside America, the company has announced.

Business

A man walking past a signboard in Tokyo informing customers that Bitcoin can be used for payment, as more and more major companies now accept virtual currency

Buy it with bitcoin in New York, but it's not cheap

At Melt Bakery, a hole in the wall that sells ice cream sandwiches in New York's upscale Manhattan neighborhood, you can pay for your guilty pleasure in bitcoin.

Bitcoin, an «Uber» currency, not without risk

Bitcoin, which this week soared to a new record high of more than $8,000, is the monetary equivalent of Uber, since it bypasses central bank regulation and could be attractive for financially fragile countries, economists say

Business

Anemic 3rd quarter growth dissapoints in Brazil

Brazil's economy grew 0.1 percent in the third quarter of 2017, the third consecutive quarterly increase in output but below expectations, official figures out Friday showed.

Business

Asian investors tread carefully with US tax reform in the balance

Most Asian markets saw tentative gains on Friday but investors moved nervously as Donald Trump's much-hyped tax-cut plans hung in the balance after a plan to push them through hit unexpected hurdles.

Pound down in Asia as May's future uncertain, equities struggle

The pound sank against its major peers on Monday as British Prime Minister Theresa May's future looks increasingly uncertain, while Asian equities traders moved cautiously after a recent rally to multi-year highs

Business

Bitcoin hits new records, heads for $10,000 as bubble fears grow

Bitcoin soared to fresh records Tuesday, putting it on course for $10,000, but the virtual currency's stratospheric rise has fuelled fears of a bubble after a 10-fold increase this year

Europe

German crisis «can't stop» euro reforms: commissioner

Germany's political crisis «cannot stop our work» and the EU will push ahead with plans to reform the euro after Brexit, the European Commission's euro chief vowed in an interview on Tuesday

Business

Airbnb raided by Japan fair trade watchdog, denies wrongdoing

Airbnb's offices in Japan have been raided by anti-monopoly officials, the homesharing giant said Friday, denying any wrongdoing and pledging cooperation.

Automotive

Opel's 2020 vision: Profit, finally

Opel unveiled Thursday a plan to jump start its financial performance with a return to profit in 2020 thanks to savings its new owner French auto giant PSA is to help it achieve without plant closures or forced job cuts.

China rises at Frankfurt car show

Traditional heavyweights Fiat, Peugeot and Volvo may have shunned this year's Frankfurt auto show (IAA), but for Chinese and Taiwanese carmakers looking to make inroads in Europe the chance to step into the limelight was not to be missed.

Airport

Singapore opens new, high-tech airport terminal

Singapore's Changi Airport opened a cutting-edge terminal Tuesday with a fully automated check-in system including facial scanning and computerised baggage drop points, but some passengers struggled with the new technology.

Top Stories

The USS Hopper recently entered the US Navy's 7th Fleet area of operations

China says US warship «violated» its sovereignty

Beijing on Saturday said it had dispatched a warship to drive away a US missile destroyer which had «violated» its sovereignty by sailing close to a shoal in the disputed South China Sea

Northern Syria

Turkey hits Syria Kurd militia again after ground attack threats

The Turkish army on Saturday launched new strikes against Kurdish militia in northern Syria as preparations intensified for a cross-border ground operation that has alarmed the United States.

The better-than-expected full-year growth reading comes as China kicks its war on pollution into gear, halving industrial production for some steel smelters and mills this winter

China economy rebounds in 2017 with 6.9% growth

China's economy grew a forecast-beating 6.9 percent in 2017, picking up steam for the first time since 2010 despite its battles against a massive debt and polluting factories, official data showed Thursday

Klay Thompson scored 38 points to spark defending NBA champion Golden State over Chicago 119-112, giving the Warriors a club record-matching 14th consecutive road victory, on January 17, 2018

Warriors equal team record with 14th road win in a row

Klay Thompson scored 38 points and Stephen Curry added 30 to spark defending NBA champion Golden State over Chicago 119-112 Wednesday