Latest World News. Find every day short and brief information composed of titles and subtitles and continue reading if interested.
NOTHING has been made in the engine factory in Thagaya, in the south of Myanmar, since April last year. Yet around 350 employees still turn up each day. In 2016 government-owned factories like this one made a loss of more than $ 200m. When Myanmar moved from military dictatorship to a form of democracy, its […]
Spot the $ 1.8bn OF LATE Indian bankers have felt an unfamiliar sensation: optimism. A 1.3trn-rupees ($ 21bn) bail-out from the government seemed to have cleaned up the bad lending decisions of years gone by. A new bankruptcy law gave them an edge in long-standing battles with recalcitrant borrowers. It seemed a few Indian companies, […]
Spot the $ 1.8bn OF LATE Indian bankers have felt an unfamiliar sensation: optimism. A 1.3trn-rupees ($ 21bn) bail-out from the government seemed to have cleaned up the bad lending decisions of years gone by. A new bankruptcy law gave them an edge in long-standing battles with recalcitrant borrowers. It seemed a few Indian companies, […]
Pillars to be reinforced ONE of the perks of owning a bank is the ability to tap it when you need money. The Indian government, which has majority stakes in 21 lenders, is no exception. As it happens, it needs to finance a bail-out of the banks it owns, most of which are in trouble. […]
(Reuters) — Telecoms group China Unicom said it is raising $ 11.7 billion from investors including tech giants Alibaba Group and Tencent Holdings, as part of Beijing’s push for state-owned enterprises to be revitalized with private capital. The board of China Unicom’s Shanghai-listed unit, China United Network Communications, has approved an issue of shares to […]
Published time: 21 Jul, 2017 07:02 Edited time: 21 Jul, 2017 08:02 German conglomerate Siemens is halting the implementation of certain projects with Russian companies partly owned by the state after discovering that four turbines were illegally shipped to Crimea, a company statement reads. Siemens is not allowed to do business in the Crimea. The […]
ACCORDING to company lore, Yunnan Baiyao, a musty-smelling medical powder, played a vital role during the Long March. As China’s Communist troops fled from attacks in the 1930s, trekking thousands of miles to a new base, they spread its yellow granules on their wounds to stanch bleeding. To this day, instructions on the Yunnan Baiyao […]
North Korean tech company Myohyang IT has launched an advertising campaign to promote its newest tablet, dubbed the ‘Ryonghung iPad.’ However, unlike the much better known Apple device, this tablet only has 40 apps to choose from and 8GB of storage. The Ryonghung iPad, whose name just might have been ripped off, is equipped with […]
Feng Li/Getty Images Beijing’s municipal government summoned representatives of state-owned property developers on Monday and told them to stop hyping the already overheated housing market, according to the portal, Chinese Real Estate Business (CREB), cited by Reuters. State-owned property developers, funded by state-owned banks, have been a major force in inflating home prices as they […]
