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European businesses are planning to expand their investment and operations in the ASEAN region but want to see more trade deals between the two regions according to a recent survey that polled 200 executives from European countries in the region. The latest annual EU-ASEAN business sentiment survey, finds that 74% of European businesses project a rise in ASEAN profits for 2016 and expect the region’s importance to global revenues to increase over the next five […]
SYDNEY, Australia (AFP) — An Australian-led consortium with Chinese investment won a 50-year-lease Monday on the nation’s biggest container and cargo port for Aus$9.7 billion (US$7.3 billion), the latest maritime asset to be privatised. The Port of Melbourne, which deals with more than 3,000 ships annually, was snapped up by a consortium including Australia’s second-largest wholesale funds manager the Queensland Investment Corporation (QIC) and multinational firm Global Infrastructure Partners (GIP). The Australian newspaper reported that GIP […]
SAN FRANCISCO, United States (AFP) – by Glenn CHAPMAN with Rob Lever in Washington Apple delivered its new iPhones on Friday in a global launch marked by long queues at its retail stores but also frustration over the sellout of some models. The scenes in Apple stores around the world were reminiscent of earlier launches, generating both anticipation and disappointment, but it was unclear if the shortages were the result of strong demand or limited […]
SYDNEY, Australia (AFP) — Apple’s iPhone 7 launch generated trademark queues and brisk sales Friday that defied gloomy expectations, with some enthusiasts left empty-handed after lining up for hours as the company announced some models had sold out. The new phone comes with an improved camera, no headphone jack, and a water resistant body as the US tech giant seeks to reverse declines in sales amid increased competition. There has been much chatter among Apple […]
HONG KONG, China (AFP) — Most Asian markets fell again Thursday, led by a more than one percent loss in Tokyo, ahead of key policy meetings in the United States and Japan next week. Traders worldwide are focusing on the central bank gatherings, hoping they will clear up some uncertainty about monetary policy in two of the world’s biggest economies. Equity markets have been hit by volatility the past week after two Federal Reserve officials suggested US […]
STRASBOURG, France (AFP) – by Clément ZAMPA with Danny KEMP in Brussels European Commission head Jean-Claude Juncker on Wednesday issued a rallying cry for unity after Brexit, saying the EU is not in danger of splitting up but must fight “galloping populism”. In his annual State of the Union speech, Juncker unveiled plans including a European Union defence headquarters in a bid to find common ground after a year of crisis and division in the bloc. […]
SEOUL, South Korea (AFP) — Samsung said Wednesday it would limit recharging of the batteries of its Galaxy Note 7 smartphones to lower the risk of explosions in a measure apparently intended to jolt users into returning their devices following a recall. The South Korean electronics giant on September 2 suspended sales of its latest flagship smartphone and announced a recall of 2.5 million units already sold, after faulty batteries caused some handsets to explode […]
MIAMI, United States (AFP) – Amazon founder Jeff Bezos unveiled plans Monday for a massive rocket called New Glenn designed to launch people to space and propel satellites into orbit, raising the ante in the US commercial space industry. Bezos, who also owns the Washington Post, said the rocket has been in the works for the past four years, and will be launched by decade’s end. At 270 feet (82 meters) high for the two-stage […]
SEOUL, South Korea (AFP) – by Jung Ha-Won Samsung shares plunged Monday after the South Korean electronics giant urged global consumers to stop using its Galaxy Note 7 smartphone due to a spate of exploding batteries that raised alarm around the world. Stepping up its warnings, the world’s largest smartphone maker on Sunday told Note 7 users worldwide to immediately turn the device off. Samsung Electronics on September 2 had announced a recall of its […]
Volkswagen engineer indicted in US emissions case NEW YORK, United States (AFP) – A Volkswagen engineer is expected to help the US pursue its criminal case against the German automaker after pleading guilty Friday to helping create the illegal emissions-cheating device installed on VW diesel cars. James Liang, 62, agreed to cooperate with US prosecutors developing a criminal case against Volkswagen, after he was indicted in Detroit federal court for his role developing the emissions “defeat […]
THE HAGUE, Netherlands (AFP) – Dutch police closed a probe Friday into a fatal crash involving a Tesla, accepting the US electric car firm’s findings that the Model S sedan was not on auto-pilot when it smashed into a tree. Tesla said the driver — who was killed in the accident — was in control of the car which crashed at high speed near the central Dutch town of Baarn on Wednesday. Police spokeswoman Thalia […]
SYDNEY, Australia (AFP) — Australian carrier Qantas told customers on Thursday not to use or charge Samsung’s Galaxy Note 7 during flights after faulty batteries in the new smartphone caused some handsets to explode. Samsung, the world’s largest smartphone maker, said last week it was suspending sales of its latest flagship mobile device and recalling 2.5 million units shipped globally following reports of exploding “phablets” that dealt a heavy blow to the firm’s reputation. “Following […]
