March, 2017

• 12 March

  China economy shows signs of improvement

  

    Bloomberg China’s economy has shown signs of improvement in the first two months of the year with little risk of a hard landing, senior Chinese officials said. China’s macroeconomy stabilized in the beginning of 2017, Ning Jizhe, head of the National Bureau of Statistics, said at the sidelines of the annual legislature meeting in Beijing. Industrial output in January …

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• 12 March

  Tesla touted as solution for Aussie power woes

  

    Bloomberg Billionaire Elon Musk just bet he can solve a looming energy crisis in Australia within 100 days by deploying Tesla Inc. technology to plug a supply gap that’s caused power blackouts. In a conversation on Twitter with Australian tech billionaire Mike Cannon-Brookes, Musk backed up an earlier commitment Tesla made, reported by the Australian Financial Review, to deploy …

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• 12 March

  China’s Wanfeng eyes US acquisitions amid trade tensions

    Bloomberg Rising trade tensions are pushing Chinese car-wheel maker Wanfeng Auto Holding Group to seek further acquisitions in the US to help localize more production and cut its reliance on imports. The Xinchang-based auto parts supplier is in talks to buy a machinery company in the US, and is open to purchasing a business in the financial industry, Wanfeng …

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• 12 March

  Beijing tries to reassure foreign companies over industry plan

  

    BEIJING/ AP China’s industry minister defended a manufacturing development plan and rejected complaints foreign makers of electric cars and other goods might be pressured to hand over technology or forced out of promising markets. Miao Wei, minister of industry and information technology, tried to reassure foreign companies that the “Made in China 2025” industry plan treats all companies equally. …

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• 12 March

  ‘India companies won’t invest anytime soon’

    Bloomberg Indian companies probably won’t invest in additional capacity for at least another year as the private sector struggles with sluggish domestic demand and growing protectionism overseas, according to the nation’s largest engineering firm. “The private sector has excess capacity and markets have shrunk as compared to their plan when these capacities were put up,” said R. Shankar Raman, …

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• 12 March

  Republicans still battle each other even after gaining power

  

    WASHINGTON / AP Less than twenty-four hours after Donald Trump had won the White House, House Speaker Paul Ryan triumphantly proclaimed the start of a new era of Republican leadership that would “hit the ground running.” Six weeks into Trump’s administration, Republicans are running — just in different directions. As congressional leaders move forward with efforts to undo former …

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• 12 March

  Jordan releases soldier ‘who killed 7 Israeli girls in 1997’

    AMMAN / AP A Jordanian soldier who killed seven Israeli schoolgirls in a 1997 shooting rampage was released on Sunday, after serving 20 years in prison. Ahmed Daqamseh opened fire on the eighth graders while they were on a class trip to the scenic “Island of Peace” border post, killing seven girls and wounding seven others. A Jordanian court …

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• 12 March

  Madagascar cyclone death toll reaches 50, authorities say

    JOHANNESBURG / AP Madagascar’s government says the death toll from Cyclone Enawo has risen to at least 50, with 20 people missing. The island nation’s disaster management agency on Sunday said the cyclone that made landfall in the northeast on Tuesday also has driven 110,000 people from their homes. At least 183 people were injured. Enawo brought heavy rains …

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• 12 March

  15 killed, dozens missing in Ethiopia garbage dump landslide

    ADDIS ABABA / AP A landslide swept through a massive garbage dump on the outskirts of Ethiopia’s capital, killing at least 15 people and leaving several dozen missing, residents said, as officials vowed to relocate those who called the landfill home. Addis Ababa Mayor Diriba Kuma said 15 bodies had been recovered since the landslide Saturday night at the …

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• 12 March

  S Korea’s Park quits Blue House, expresses defiance

  

    SEOUL / AP Ousted South Korean President Park Geun-hye expressed defiance towards the corruption allegations against her as she vacated the presidential palace and returned to her home on Sunday, two days after the Constitutional Court removed her from office. In her first public comments since the court’s ruling, Park said in statement, “Although it will take time, I …

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