Business

Beijing, Aug 4, IRNA – China's major oil giant has paused importing oil from the US due to escalation of trade war between the two countries, a Chinese daily reported on Saturday.

LANGKAWI, Malaysia Aug 4 (NNN-Bernama) -- Malaysia is likely to benefit from the trade war between China and the United States (US) in terms of attracting foreign investors, said Prime Minister Dr Mahathir Mohamad today.

He said policies implemented in this trade war would benefit investors who could not invest in certain countries, thus benefiting countries that were not involved.

Photo courtesy bernama images

Deputy Prime Minister of Malaysia Seri Dr Wan Azizah Wan Ismail launches the first kind of Android satellite smartphone in Kuala Lumpur, Malaysia, on August 2, 2018.

Whether you are deep in the jungle, up on a mountain or far out at sea, you can stay connected using just an Android smartphone.

New Delhi, Aug 3; GANASHAKTI; Facing financial crisis, Jet Airways Ltd has informed its staff that it won’t be able to operate beyond 60 days unless cost cuts are put in place. The aircraft has reportedly sought investment bankers’ help to sell a stake in the carrier again.

According to reports, chairman Naresh Goyal informed employees that the carrier’s financials are not in a good shape and drastic measures are required such as salary cuts.

WASHINGTON, August 3. /TASS/. The United States expanded its sanctions list related to North Korea, adding the Russian Agrosoyuz bank, a Russian individual and a company from each of China and North Korea, the US Office of Foreign Assets Control (OFAC) reports on Friday.

Restrictions were introduced for alleged violations of the US sanctions regime and UN security resolutions by the said persons, an explanatory note to the document says.

JINAN, Aug. 3 (Xinhua) -- A new freight train linking east China's Shandong Province with Milan, Italy, started service Friday, making it the newest China-Europe freight train route.

A 41-container train carrying clothing, electronic products, and machinery departed from Yanzhou North railway station in Jining, on Friday morning. The train will run every Friday.

The 10,900-km journey, which makes a stop in Chengdu for customs clearance, will take 18 days, said Zhang Benhong, deputy head of the railway station.

BEIJING, Aug. 3 (Xinhua) -- China's new countermeasures to impose additional tariffs on about 60 billion U.S. dollars worth of products from the United States are "rational and restrained," a spokesperson with the Ministry of Commerce (MOC) said Friday.

The Customs Tariff Commission of the State Council on Friday unveiled lists of 5,207 items of U.S. products to be subject to additional tariffs of four different rates -- 25 percent, 20 percent, 10 percent, and 5 percent.

BEIJING, Aug. 3 (Xinhua) -- China on Friday announced its decision to impose additional tariffs of four different rates on 5,207 items of imported U.S. products worth 60 billion U.S. dollars.

The rates of additional tariffs on such products will be 25 percent, 20 percent, 10 percent, and 5 percent, according to the Customs Tariff Commission of the State Council.

"China was forced to take the countermeasures" in response to a U.S. plan to raise tariffs to be imposed on 200 billion dollars of Chinese goods from 10 percent to 25 percent, the commission said in a statement.

Beijing, Aug 3 (AFP) Beijing warned today it was prepared to impose new tariffs on 60 billion worth of US goods if Washington ups the ante in the escalating US-China trade war.

The commerce ministry issued a statement saying the new duties would be applied if Washington pulled the trigger on President Donald Trump's threat to raise tariffs on 200 billion worth of Chinese goods.

The statement said China reserves the right to apply "other countermeasures".

Turkey was on Thursday drawing up retaliatory measures after Washington slapped sanctions on two Turkish ministers in the one of the biggest crises between the two NATO allies in recent years.

Tensions have soared over Turkey's detention on terror charges of American pastor Andrew Brunson, who was first held in October 2016 and was moved to house arrest last week.