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Why today's economy can handle oil at US$100 a barrel or higherLONDON : For all the angst caused by this year's 65per cent oil price leap, concerns about a return to 1970s-style stagflation are overblown and the developed world, at least, can probably handle even costlier crude without too much stress.Alternative energy sources, a rise in less energy-intense service
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Tesla looks to pave the way for Chinese battery makers to come to USTesla Inc wants to shift to a less expensive battery for its electric vehicles but first needs to figure out how to overcome political tensions to get a Chinese partner to build the iron-based batteries near its U.S. factories.The world's two biggest economies have yet to resolve disputes over tariffs, in
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
US bars Malaysian glove maker Supermax over alleged labour abusesKUALA LUMPUR — The United States (US) has barred imports from Malaysian glove maker Supermax Corp over alleged forced labour practices at the company, the fourth Malaysian firm to face such a ban in the past 15 months.
Source: TODAYonline - 🏆 1. / 99 Read more »
US lawmakers seek further actions to provide safe harbour to Hongkongers and UygursMembers of the US Congress urged President Joe Biden on Tuesday to ease asylum requirements and take other steps to help those fleeing Hong Kong and other parts of China where Beijing is accused of rights abuses. The appeals came during a hearing of the Congressional-Executive Commission on China (CECC), and as several bills that would provide protections to such individuals continue to languish. “We’re moving too damn slow here in Congress,” Representative James McGovern, a Massachusetts Democr
Source: YahooSG - 🏆 3. / 71 Read more »
Senators urge FCC to address surveillance threats to US telecom networksWASHINGTON : A group of five U.S. senators urged the Federal Communications Commission (FCC) on Wednesday to address surveillance threats posed by foreign firms providing services to U.S. telecommunications providers.The previously unreported letter, led by Senator Ron Wyden and also signed by Senators Di
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Beijing demands end to ‘risky’ US operations in South China Sea after sub accidentChina’s defence ministry has demanded an end to US military operations in the South China Sea, saying they pose a threat to regional security and increase the risks of collisions and even nuclear leaks in the strategic waterway. Ministry spokesman Tan Kefei also repeated China’s demand for an explanation of what happened to a US nuclear attack submarine which collided with a mystery object in the disputed waters earlier this month, describing Washington’s statement – issued six days after the in
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