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World 02 Aug 2018 | 4:07 PM

Exclusive: Myanmar scales back Chinese-backed port project due to debt fears - official

NAYPYITAW (Reuters) - Myanmar has scaled back plans for a Chinese-backed port on its western coast, sharply reducing the cost of the project after concerns it could leave the Southeast Asian nation heavily indebted, a top government official and an advisor told Reuters.

World 02 Aug 2018 | 1:12 PM

Ethiopia reform push faces major snag: red tape

ADDIS ABABA (Reuters) - Businessmen who have to deal with Ethiopia's customs system like to joke that if you get a permit to import yellow paintbrushes, make sure every last one is yellow. 

Markets 02 Aug 2018 | 9:19 AM

China, HK stocks end sharply lower as trade war bites

SHANGHAI: Chinese shares slid on Thursday as Washington's threats of higher tariffs heightened investors' fears about the Sino-U.S. trade war, and as a vaccine scandal and signs of slowing domestic growth undermined market confidence.

Economy 02 Aug 2018 | 9:08 AM

Myanmar scales back Chinese-backed port project due to debt fears

NAYPYITAW: Myanmar has scaled back plans for a Chinese-backed port on its western coast, sharply reducing the cost of the project after concerns it could leave the Southeast Asian nation heavily indebted, a top government official and an advisor told Reuters.

TECH 02 Aug 2018 | 9:00 AM

TikTok to absorb Musical.ly app into one new video platform as it targets bigger global audience

New TikTok app will have upgrades such as a reaction feature for friends and enhanced creativity tools, designed to drive its popularity in hot short-form video sector

TECH 02 Aug 2018 | 8:34 AM

Google’s secret China project sparks anger among workers

Google staff awoke on Aug 1 to surprising news: Their company is working on a search app tailored, and censored, for China. The project, kept secret from all but select teams and leaders, sparked a furious internal debate.

TECH 02 Aug 2018 | 5:56 AM

Google plans censored version of search engine in China: sources

Alphabet Inc's Google plans to launch a version of its search engine in China that will block some websites and search terms, two sources said, in a move that could mark its return to a market it abandoned eight years ago on censorship concerns.

Corporate News 02 Aug 2018 | 5:53 AM Premium

Macau, Asia’s Vegas, can’t beat the real McCoy for fun

MACAU—It took Macau just two years to eclipse the Las Vegas Strip as the world’s biggest gambling hub after the Chinese territory opened up its casino market. Trying to catch up with Vegas as an entertainment capital is slower going.

TECH 02 Aug 2018 | 5:39 AM

Scolding from Chinese state media dampens Apple’s earnings cheer

Apple Inc may have just notched up its fourth straight quarter of double-digit revenue growth in China but the shine quickly came off that stellar performance as Chinese state media stepped up a tirade of criticism against the smartphone giant.

Grab 02 Aug 2018 | 4:53 AM

Grab pulls in US$2bil to finance ride-hailing battle

Singapore’s Grab raised US$1bil (RM4.07bil) from financial investors on top of the US$1bil (RM4.07bil) it secured from Toyota Motor Corp, as South-East Asia’s leading ride-hailing startup expands its geographic reach and moves into services like food delivery and payments.