TRADE WARS - AFRICA DAILY

Beijing tells Evergrande boss to pay firm's debts with own cash: report

Oct 27, 2021 (AFP)

The liquidity crunch at one of China's biggest property developers has hammered investor sentiment and rattled the country's crucial real estate market, while f...

China's Liu and US Treasury's Yellen hold 'candid' call on trade

Oct 26, 2021 (AFP)

In a video call, the two held "pragmatic, candid and constructive exchanges on the macroeconomic situation and cooperation in multilateral and bilateral fields"...

WTO wades in on Australia-China wine spat

Oct 26, 2021 (AFP)

Canberra's first request to have the case examined was blocked by Beijing in September. According to WTO rules, second requests are automatically granted. Austr...

Recovering HSBC bank announces mega share buyback

Oct 25, 2021 (AFP)

HSBC endured a tumultuous 2020 like the rest of the banking sector as the virus outbreak rocked the economy, while last year the lender triggered a restructurin...

Evergrande says it has resumed work on 10 stalled projects

Oct 25, 2021 (AFP)

The liquidity crisis at one of the nation's biggest property developers has hammered investor sentiment, rattled China's crucial real estate market and fuelled ...

China to expand property tax trial to check speculation

Oct 24, 2021 (AFP)

China's housing market took off after key 1998 reforms sparked a building boom on the back of rapid urbanisation and wealth accumulation. But as prices soared, ...

New allegations in Credit Suisse spying scandal: media

Oct 24, 2021 (AFP)

Credit Suisse chief executive Tidjane Thiam was forced to resign in February 2020 after revelations the bank had hired investigators to follow Iqbal Khan, head ...

Asian markets swing but Evergrande payment report provides boost

Oct 22, 2021 (AFP)

Another round of positive earnings provided a further lift to Wall Street with the S&P 500 hitting its first all-time high since the start of September as trade...

Evergrande pays overdue interest on offshore bond: state media

Oct 22, 2021 (AFP)

The crisis at one of the nation's biggest property developers has hammered investor sentiment, rattled the key real estate market and fuelled fears of a spillov...

OECD nations to ban export credits for coal power

Oct 22, 2021 (AFP)

With the latest international climate conference just days away, the proposed ban will halt support to new coal power stations that don't have systems that trap...

Amazon faces new union organizing push in US

Oct 21, 2021 (AFP)

Laborers vying to form the first union at the e-commerce colossus in the United States will file with US officials on Monday with the goal of holding an electio...

Aussie rock lobsters a Hong Kong security threat: customs chief

Oct 21, 2021 (AFP)

Lobsters are one of a number of products from Australia that China has restricted imports of as relations between the countries plunged. But they remain a prize...

The self-made Chinese billionaire battling to save his empire

Oct 21, 2021 (AFP)

The 63-year-old was once China's richest man, with a taste for luxury labels and yachts, and a nose for praising the Communist Party that steered the economy to...

Australia accuses China of undermining world trade

Oct 21, 2021 (AFP)

During a usually routine WTO review in Geneva, Canberra's representatives said China had benefited "significantly" from 20 years of WTO membership but was not k...

Asian markets mostly up on more earnings joy as Fed mulls taper

Oct 20, 2021 (AFP)

Signs of progress on US President Joe Biden's massive spending bill provided an extra lift, while bitcoin came within touching distance of a new record after a ...

China new-home prices fall for first time in six years

Oct 20, 2021 (AFP)

The latest reading follows official figures showing the real estate and construction industries shrank in the third quarter for the first time since the early s...

China vows to open up market, but US sees no change

Oct 20, 2021 (AFP)

Beijing made the pledges during a WTO review of China's trade practices, an exercise held behind closed doors that all 164 members of the global trade body unde...

China property, construction sectors contract for first time since Covid hit

Oct 19, 2021 (AFP)

The figures come a day after figures showed the world's second-biggest economy grew slower than forecast in the same period owing to the regulatory tightening a...

Britain will not 'pitchfork away' China investment: PM

Oct 19, 2021 (AFP)

Ties have frayed because of criticisms about China's crackdown on its Uyghur minority and creeping authoritarianism in Hong Kong, a former British colony. But J...

ECB to test banks' resistance to climate risks next year

Oct 18, 2021 (AFP)

The European banking supervisor wants to "identify vulnerabilities, industry best practices and the challenges" faced by the industry, it said in a letter to le...