COLOMBO, Sri Lanka (AP) — Sri Lanka imposed a countrywide curfew starting Saturday evening until Monday morning, in addition to a state of emergency declared by the president, in an attempt to prevent more protests blaming the government for the worsening economic crisis. The government’s information head Mohan Samaranayake said that the curfew is being…
CAIRO (Reuters) – Egypt’s Suez Canal recorded revenue of $1.69 billion in the first quarter of 2022, up from $1.4 billion in the same period a year prior, the canal authority said in a statement on Saturday. The canal is the fastest shipping route between Europe and Asia and one of the Egyptian government’s main…
BEIJING (AP) — U.S. accident investigators arrived in China on Saturday to help authorities look for clues into what caused last month’s crash of a Boeing jetliner with 132 people aboard. The seven-member team from the National Transportation Safety Board will participate in the Civil Aviation Administration of China’s investigation of the March 21 crash…
SHANGHAI (Reuters) – China’s central bank said on Saturday it will further expand a pilot scheme of its digital currency to more areas, including cities in the eastern Zhejiang province which is set to host the Asian Games later this year. The People’s Bank of China (PBOC) said it will promote the research and development…
SHANGHAI (Reuters) – Organisers of the Beijing autoshow, which was scheduled to be held in late April, said on Saturday that they will postpone the event until further notice due to the COVID-19 resurgence across the country. “We will pay close attention to the development of the epidemic, and strive to enhance the event’s organisation…
SHANGHAI/BEIJING (Reuters) -China on Saturday proposed revising confidentiality rules involving offshore listings, removing a legal hurdle to Sino-U.S. cooperation on audit oversight while putting the onus on Chinese companies to protect state secretes. The draft rules, announced by China’s securities watchdog, mark Beijing’s latest attempt to resolve a long-running audit dispute with Washington that could…
(Corrects fifth paragraph to refer to U.S. securities and audit regulators, not U.S. and Chinese regulators) SHANGHAI/BEIJING (Reuters) -China on Saturday proposed revising confidentiality rules involving offshore listings, removing a legal hurdle to Sino-U.S. cooperation on audit oversight while putting the onus on Chinese companies to protect state secretes. The draft rules, announced by China’s…
SHANGHAI (Reuters) – A unit of troubled property developer China Evergrande Group said construction work has resumed at 95% of Evergrande’s projects across the country as of late March. Evergrande has resumed work at 734 developments in all of China as of March 27, including 424 projects recovering to normal construction levels, according to a…
SHANGHAI (Reuters) – China on Saturday proposed revising confidentiality rules involving offshore listings, removing a legal hurdle to Sino-U.S. cooperation on audit oversight while putting the onus on Chinese companies to protect state secretes. The draft rule, announced by the China Securities Regulatory Commission, is Beijing’s latest attempt to resolve a long-running audit dispute with…
(Reuters) -Australia formally signed a trade deal with India on Saturday as the two nations signalled an intention to forge closer trade ties. The Australia-India Economic Cooperation and Trade Agreement was signed in a virtual ceremony by Trade Minister Dan Tehan and India’s Minister of Commerce & Industry, Piyush Goyal. Australia’s Prime Minister Scott Morrison…
