Business Archives - Page 30 of 40

UK unveils package to support Hong Kong families escaping Beijing’s draconian law

8Apr

By Desk TeamNo Comments

UK unveils package to support Hong Kong families escaping Beijing’s draconian law

For the people who are escaping Hong Kong due to China’s draconian National security law, the UK government has announced a 43 million pound (USD 59.6 million) package with an aim to support British National (Overseas) families that settle in the country, funding local councils nationwide to help the new arrivals from Hong Kong with housing, education and employment.The scheme, announced on Thursday, comes after UK Prime Minister Boris Johnson spoke to four Hong Kong families that moved to the country on a special visa for those with BN(O) status last month.Under the new programme, 30.7 million British Pounds will go to councils across England, to provide help for the arrivals, covering English language and housing support for those in need. Scotland, Wales and Northern Ireland will delive

Taiwan facing tough battle to curb talent poaching by China

21Mar

By Grace TsoiNo Comments

Taiwan facing tough battle to curb talent poaching by China

Taiwan is facing a tough battle with China right now as the latter is reportedly poaching talent from Taipei in its bid to become self-reliant in manufacturing computer chips.For some time now, Taiwan’s engineers are being lured to the mainland.On March 9, Taiwanese prosecutors had raided the offices of two companies who were alleged to have been funded by a chip design firm based in the Chinese mainland.The firm was suspected to have financial links to Bitmain technologies in Beijing, the world’s largest manufacturer of cryptocurrency-mining equipment.“We suspect that the two companies – WiseCore Technology in New Taipei City and IC Link in Hsinchu – were set up by the Chinese company and that their top executives had in the past three years illegally recruited several hundred local engin

China’s treatment of Canadian nationals threatens respect for rule of law, relations with West: Trudeau

20Mar

By Grace TsoiNo Comments

China’s treatment of Canadian nationals threatens respect for rule of law, relations with West: Trudeau

In a scathing attack against China over the treatment of two Canadian nationals, Prime Minister Justin Trudeau said that China’s actions threaten both ‘respect for the rule of law’ and Beijing’s relationships with Western nations.“China needs to understand that it is not just about two Canadians. It is about the respect for the rule of law and relationships with a broad range of Western countries that is at play with the arbitrary detention and the coercive diplomacy they have engaged in,” said Trudeau in a press briefing.Canadian nationals – former diplomat Michael Kovrig and businessman Michael Spavor – have been in Chinese detention for over 800 days on espionage charges. Ottawa says that these are retaliatory measures for Canada’s detention of Huawei Chief Financial Officer Meng Wanzho

Xi’s dream project ‘Belt Road Initiative’ in trouble amid China’s shrinking economy

15Mar

By Yusara AskariNo Comments

Xi’s dream project ‘Belt Road Initiative’ in trouble amid China’s shrinking economy

Due to China’s dwindling economy, President Xi Jinping's dream of setting a new world order seems to have come to a halt after the Covid-19 slowed down the Belt Road Initiative (BRI), pushing it towards becoming financial inviable.According to media reports, Beijing has been forced to cut back on new loans and investments under the BRI due to covid-19 induced economic troubles.According to the Green Belt and Road Initiative Centre, a research organization, Chinese investment has reduced to USD 47 billion in 2020--a whopping slump of 54 per cent in just one year.Wang Xiaolong, director-general of the Chinese Foreign Ministry's International Economic Affairs Department, said 20 per cent of the BRI projects were seriously affected while other 30-40 per cent witnessed adverse impact.China's ec

Queue up early for storied Hong Kong eatery

11Mar

By Desk TeamNo Comments

Queue up early for storied Hong Kong eatery

The Bangkok edition can seat up to 120 guests and is the seven-year-old Hong Kong brand's largest outlet in the world. The queue for tables at Kam's Roast Bangkok on Feb 12, the first day it opened in Thailand, was phenomenal. Cantonese cuisine enthusiasts and roasted meat lovers were drawn into this Hong Kong-style barbecue restaurant for its star-studded specialities. Roast goose, roast duck, honey-glazed barbecued pork belly and soya chicken, which graced the display facade of the kitchen, are the menu highlights. Established in Hong Kong in 2014, Kam's Roast might seem like a young player in the island's long-running and revered arena of Cantonese roasts. Interestingly, just four months after the opening in Hong Kong, it won a Michelin star and has continued to retain it for seven...

Bangladesh PM praises India for building ‘prosperous region together’

9Mar

By Grace TsoiNo Comments

Bangladesh PM praises India for building ‘prosperous region together’

While inaugurating Maitri Setu bridge built on River Feni on Tuesday, Bangladesh Prime Minister Sheikh Hasina lauded India for “building a prosperous region together”.“50 years ago, in 1971, India opened up its border for Bangladesh’s people to support their freedom struggle; today we are building a prosperous region together. I wish successful operation and utilisation of the Feni Maitri Setu,” said Hasina while inaugurating the bridge alongside Indian Prime Minister Narendra Modi via video conferencing.“It’s my immense pleasure to inaugurate the Maitri Setu today together with Prime Minister Narendra Modi. The event is taking place at a time when we are celebrating the birth centenary of Father of the Nation – Bangabandhu Sheikh Mujibur Rahman, the golden jubilee of Bangladesh’s independ

Nepal receives another shipment of 1 million MadeIndia COVID-19 vaccines

21Feb

By Yusara AskariNo Comments

Nepal receives another shipment of 1 million MadeIndia COVID-19 vaccines

To continue its fight against coronavirus pandemic, Nepal on Sunday received another shipment of one million doses of Made-in-India covid-19 vaccines.The Oxford-Astra Zeneca vaccine manufactured in India by Serum Institute of India (SII), under the name Covishield, arrived at the Tribhuvan International Airport in Kathmandu on Sunday afternoon.The vaccines will be stored at the cold storage unit in Teku. This lot of vaccines would be used to inoculate people above 60 years of age, which is 8.73 per cent of Nepal’s population, in the vaccination drive that will begin on March 7.According to the Nepali Ministry of Health and Population, there are 2,652,258 elderly people above 60 years in the country.The remaining doses of the vaccines will be obtained according to the agreement with the vac

J&K: Exhibition organised in Srinagar to motivate young entrepreneurs

16Feb

By Yusara AskariNo Comments

J&K: Exhibition organised in Srinagar to motivate young entrepreneurs

In the Indian union territory of Jammu and Kashmir, the government, along with the Ereignis Management Private Limited has organised an exhibition in Srinagar to motivate the young entrepreneurs of Kashmir.Various stalls dedicated to the culture of Kashmir including Kashmiri arts, handlooms, handicrafts and traditional foods have been installed at the exhibition.Despite the recent snowfall, several young entrepreneurs participated in the exhibition.Maria Shahmiri, the organiser of the event, said, “Such events are important for the valley as this will help to provide employment to the youths here.”“The people have been staying indoors for a very long time now. Firstly, the pandemic forced them to be indoors and then the winters. Visiting such events will be fun for them,” Shahmiri said.Asm

EU recognises India’s strategic role as ‘major vaccine producer’

7Feb

By Grace TsoiNo Comments

EU recognises India’s strategic role as ‘major vaccine producer’

During the first high-level India-EU dialogue, the European Union recognized India’s strategic role as a “major vaccine producer” and expressed openness to discuss vaccine-related matters.According to sources, India and the EU agreed that ensuring universal, equitable, affordable and safe vaccine is a priority.India hosted the first India-EU high-level dialogue (HLD) on Friday through virtual mode which was co-chaired by Union Minister of Commerce and Industry, Piyush Goyal, and European Commission Executive Vice-President & Trade Commissioner, Valdis Dombrovskis.The dialogue has been established as part of the commitment made during the 15th India-EU Leaders’ virtual Summit held on July 15, 2020, to provide ministerial-level guidance to the bilateral trade and investment relations.“Bo

‘Proud as punch to share values with world’s largest democracy: Taiwan on India’s 72nd Republic Day

27Jan

By Grace TsoiNo Comments

‘Proud as punch to share values with world’s largest democracy: Taiwan on India’s 72nd Republic Day

On India’s 72nd Republic Day on January 26, Taiwan said that it is “proud as punch” to share values making both countries great.“Our turn to say happy Republic Day to Indian friends far and wide. India is the largest democracy in the world and Taiwan is proud as punch to share those values making our countries great. We’re Better Together! JW”, the Ministry of Foreign Affairs, ROC (Taiwan), said in a tweet.Due to China’s actions in the Indo-Pacific, India, Taiwan and the United States have been growing closer.Last year, Taipei Times quoted Taiwan’s Deputy Foreign Minister Tien Chung-kwang as saying, “With the government’s New Southbound Policy, India is a good place for Taiwanese businesses to build production bases, given its democracy, ample human resources and strategically important lo