China plans $104b infrastructure fund in third quarter to revive flagging economy

BEIJING (REUTERS) – China will set up a state infrastructure investment fund worth 500 billion yuan (S$104 billion) to spur infrastructure spending and revive a flagging economy, two people with knowledge of the matter told Reuters on Tuesday (July 5). China’s economy has started a slow recovery from the supply shocks caused by extensive lockdowns […]

Some Philippines McDonald’s stores can’t serve chicken as demand soars

MANILA (Bloomberg) – Some McDonald’s stores in the Philippines are unable to serve chicken because of a surge in demand, while supplies don’t meet the standards. “We continue to serve chicken”, but there are “certain” stores that temporarily don’t sell chicken, Ms Adi Hernandez, corporate communications director at McDonald’s Philippines, said in a phone interview. […]

Hacker claims major Chinese citizens’ data theft, starts selling at $280k

BEIJING (AFP) – A hacker claiming to have stolen personal data from hundreds of millions of Chinese citizens is now selling the information online. A sample of 750,000 entries posted online by the hacker showed citizens’ names, mobile phone numbers, national ID numbers, addresses, birthdays and police reports they had filed. Agence France-Presse and cybersecurity […]

China’s top envoy Wang Yi to meet Philippine president Marcos Jr in Manila

MANILA (PHILIPPINE DAILY INQUIRER/ASIA NEWS NETWORK) – China’s top diplomat Wang Yi will be the first foreign minister to meet Philippine President Ferdinand Marcos Jr when he makes an official visit to capital Manila on Wednesday (July 6). The visit was announced by Chinese Ambassador to the Philippines Huang Xilian on Facebook, with the Chinese […]

China slams Nasa chief Nelson as race to the moon gets heated

BEIJING (BLOOMBERG) – The competition between the US and China to explore outer space turned prickly after Chinese diplomats blasted the head of Nasa and encouraged neighbouring countries to support Beijing’s plan for exploring the moon. China’s Ministry of Foreign Affairs spokesman Zhao Lijian on Monday (July 4) accused Nasa Administrator Bill Nelson of lying […]

Stemming electricity leakage: Kathmandu Post

KATHMANDU (THE KATHMANDU POST/ASIA NEWS NETWORK) – The vulnerabilities inherent in power distribution have once again become visible in recent months. Electricity leakage, which plagues a large part of the distribution system and causes heavy financial losses to the Nepal Electricity Authority (NEA), has again shown a slight increase. The level of leakage, which rose […]

Sea level rise will affect coastal communities: Statesman contributors

NEW DELHI (THE STATESMAN/ASIA NEWS NETWORK) – Climate change has stamped its signature on the world’s oceans and atmosphere. A primary contributor to climate change is global warming, which modulates the wind and wave field patterns, sea surface temperature, and sea level pressure anomalies. These changes may result in oceanic warming and hasten the melting […]

China says VP Liu had ‘constructive’ meeting with US Treasury chief Yellen

BEIJING (REUTERS) – Chinese Vice-Premier Liu He had a “constructive” exchange over macro economies and global supply chains via a video call with United States Treasury Secretary Janet Yellen on Tuesday (July 5), China’s commerce ministry said. The two sides had a “pragmatic and frank” exchange of views on topics including the macroeconomic situation and […]