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BERLIN: German Chancellor Angela Merkel and Chinese President Xi Jinping discussed overcapacity in world steel markets and agreed on Saturday to work on solutions within the framework of the G20 group of industrialised nations, Merkel's spokesman said.
IN Mohit Gogia’s stationery and gift store in Noida, near India’s capital, the only decorative lights for sale ahead of last month’s festival of lights were Chinese made.“India-made lights cost twice as much,” said Gogia, as shoppers snapped up supplies for the Diwali celebration. “Customers aren’t willing to pay that.”
WELLINGTON: New Zealand prime minister-designate Jacinda Ardern said on Tuesday her new Labour-led government plans to review and reform the Central Bank Act to possibly include employment, alongside inflation, as a dual target.
THE China-led Asian Infrastructure Investment Bank (AIIB) is a mere start-up among development lenders – but already has a global footprint.
HONG KONG: Chinese stocks slumped on Friday, sending Asian markets down for their biggest losses in two weeks after Beijing unexpectedly raised short-term interest rates, adding to growing concerns about U.S. President's Donald Trump's aggressive policies.
SYDNEY: North American bidders will not need an Australian partner to bid for Australian electricity distributor Ausgrid, an adviser on the potentially A$10 billion (US$7.46 billion) deal said, after the government rejected sole offers from Chinese interests.
The atmosphere in Brussels has been surreal for weeks - business goes on as usual, officials are barred from using the word “Brexit” and life proceeds as if Britain’s EU referendum does not exist. But this phoney calm belies the fact that, whether Britons vote to leave or remain on Thursday, the European Union will have to make some of the biggest changes in its history in order to survive.