Archive for July 29th, 2017

Britain plans to send warship to South China Sea in move likely to irk Beijing

29-Jul-2017 Intellasia | Reuters | 6:00 AM

Britain plans to send a warship to the disputed South China Sea next year to conduct freedom of navigation exercises, Defence minister Michael Fallon said on Thursday, a move [...]
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US jury finds Macau billionaire guilty in UN bribery case

29-Jul-2017 Intellasia | Reuters | 6:00 AM

A US jury on Thursday found Macau billionaire Ng Lap Seng guilty on charges he bribed two UN ambassadors to help him build a multibillion-dollar conference centre. Ng, 69, [...]
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Chinese billionaire convicted in United Nations bribery case

29-Jul-2017 Intellasia | AP | 6:00 AM

A Chinese billionaire who wanted to build a United Nations centre in Macau was convicted on Thursday of paying more than $1.7 million in bribes to UN ambassadors to get it [...]
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China’s Xi says party cannot rest on laurels in fighting corruption

China’s Xi says party cannot rest on laurels in fighting corruption

29-Jul-2017 Intellasia | Reuters | 6:00 AM

China’s ruling Communist Party cannot rest on its laurels in the fight against corruption, President Xi Jinping said ahead of a key party congress later this year where [...]
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China Eastern Airlines to acquire 10pct of Air France-KLM

29-Jul-2017 Intellasia | AFP | 6:00 AM

China Eastern Airlines said Friday it is set to acquire a 10 percent stake in Air France-KLM, as it moves to expand its network in Europe. The state-owned company will pay [...]
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Xiaomi gains new $1 billion loan to drive retail push, expansion overseas

29-Jul-2017 Intellasia | Reuters | 6:00 AM

Chinese smartphone maker Xiaomi Inc said on Friday it had signed a deal for a new $1 billion loan to accelerate its drive into brick-and-mortar stores and help a push [...]
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Baidu quarterly profit jumps 83.5pct

29-Jul-2017 Intellasia | AFP | 6:00 AM

China’s Baidu Inc reported an 83.5 percent rise in quarterly profit, as the company shows signs of a recovery after the crackdown on its core ad business by Chinese [...]
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Starbucks takes full control of China stores in $1.3 bn deal

29-Jul-2017 Intellasia | AFP | 6:00 AM

US coffee chain Starbucks has announced it will take full control of its mainland China outlets in a $1.3 billion deal, the largest single acquisition in the company’s [...]
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China bike-sharing firm Ofo in talks to raise $1 billion, led by SoftBank: sources

29-Jul-2017 Intellasia | Reuters | 6:00 AM

Chinese startup Ofo is in talks to raise $1 billion in a new funding round led by Japan’s SoftBank Group, people familiar with the matter said, in what would be the [...]
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State Control Leaves Investigative Journalists In China Demoralised

29-Jul-2017 Intellasia | NPR | 6:00 AM

Government censorship and commercial pressures have decimated the ranks of China’s investigative journalists. We meet two of China’s most successful reporters, [...]
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How the Chinese Military Became a Threat to the US And Russia After Years of Weakness

29-Jul-2017 Intellasia | Newsweek | 6:00 AM

Newsweek published this story under the headline “A Look at China’s Army” on January 21, 1980. In light of recent news involving China’s growing [...]
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China Buys Up Strategic Sri Lankan Seaport As The Maritime Silk Road Sails On

29-Jul-2017 Intellasia | Forbes | 6:00 AM

A deal between China and Sri Lanka over the Hambantota deep sea port may be done finally. After nearly a year-long showdown that brought China and India into the ring and [...]
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One of China’s Richest Men Convicted in United Nations Bribery Case

29-Jul-2017 Intellasia | NBC News | 6:00 AM

A Chinese billionaire who wanted to build a United Nations centre in Macau was convicted at his bribery trial on Thursday. The verdict was returned in Manhattan federal court [...]
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New British Warships Head to South China Sea to Send Beijing a Message

29-Jul-2017 Intellasia | News Week | 6:00 AM

The UK is sending its two newest aircraft carriers into some of the world’s busiest and most hotly contested waters in the South China Sea, The Guardian reports. The [...]
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Britain and Australia urge China to do more on N Korea threat

Britain and Australia urge China to do more on N Korea threat

29-Jul-2017 Intellasia | Reuters | 6:00 AM

Britain and Australia urged China on Thursday to do more to persuade North Korea to drop its nuclear and missile programmes. Earlier this month North Korea, which has warned [...]
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