June, 2016

• 20 June

  Indonesia defends firing on Chinese boat

  

    Jakarta / AFP Indonesia on Monday defended opening fire on Chinese sailors as an action aimed at stopping illegal fishing, after the latest confrontation between the nations in the South China Sea. Beijing has protested strongly over clash near Indonesia’s Natuna Islands, saying one Chinese fisherman was injured. The Indonesian navy said that seven sailors and a Chinese-flagged vessel ...

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• 20 June

  UN: Rohingya ‘victims’ of ‘crimes against humanity’

    Geneva / AFP Widespread and ongoing violations against Myanmar’s Muslim Rohingya minority, including denial of citizenship, forced labour and sexual violence, could amount to crimes against humanity, the United Nations warned on Monday. In a report on the human rights situation for minorities in Myanmar, the UN human rights office said it had found “a pattern of gross violations ...

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• 20 June

  13 Taiwanese fraud deported to China

    Cambodia / AFP Cambodia said on Monday it would deport 13 Taiwanese nationals arrested on fraud charges to mainland China, as Taipei said its emissaries had been prevented from meeting with the suspects. The imminent deportations come at a time of increased tensions between Taiwan and mainland China, with Taipei accusing Beijing of “abducting” citizens from countries that do ...

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• 20 June

  The day after the UK votes to Leave EU

  

    Here’s what the world could look like on June 24 if the “Leave” camp won the previous day’s referendum on whether the U.K. should continue to be part of the European Union: The foreign exchange markets are in turmoil, with the pound falling 7 percent to 10 percent and the euro down about 3 percent to 5 percent. Stocks ...

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• 20 June

  More efforts needed to tackle refugee crisis

    World Refugee Day, which is observed on June 20 every year, yet again highlighted the plight of migrants worldwide amid gruesome UN reports the number of refugees and others fleeing their homes worldwide has hit a new record of 65.3 million people by the end of 2015. “This is the first time that the threshold of 60 million has ...

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• 20 June

  Did Afghanistan just drop out of CASA-1000?

    Casey Michel SPECIAL TO EMIRATES BUSINESS For the past year, there’s been a distinct distance between the rhetoric surrounding the Central Asia South Asia Electricity Transmission and Trade (CASA-1000) project and the unfurling realities on the ground. Regional officials, most especially within Tajikistan and Pakistan, have heaped continued praise on the project, and have found themselves supported by voices ...

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• 20 June

  Why China could dominate ‘internet of vehicles’

    A few weeks ago, Apple’s Tim Cook was all smiles as he stepped into a sedan operated by Didi Chuxing. Apple had just invested $1 billion in the ridesharing company, and Cook was no doubt feeling satisfied. But he was probably feeling another emotion too: relief at getting a piece of China’s “internet of vehicles” before it’s too late. ...

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• 20 June

  India allows 100% foreign ownership in airline firms

  

    New Delhi / Bloomberg India will allow foreign entities such as funds and portfolio investors to fully own local airlines, raising from an earlier cap of 49 percent, in a bid to lure investment into Asia’s third-biggest economy. Shares of InterGlobe Aviation Ltd., Jet Airways India Ltd. and SpiceJet Ltd. rallied. Foreign investment limits in commercial airlines will be ...

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• 20 June

  Boeing to strike $4 billion deal with Russian firm

  

    Washington / Bloomberg Boeing Co. is nearing a $4 billion deal with Russia’s largest air-freight company that would help extend the life of the iconic, hump-nosed 747 jumbo jet amid waning demand for four-engine aircraft, people close to the transaction said. The US planemaker is in advanced talks with AirBridgeCargo Airlines and its Moscow-based parent, Volga-Dnepr Group, to convert ...

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• 20 June

  Solar Impulse 2 begins Atlantic crossing

    New York / AFP The sun-powered Solar Impulse 2 aircraft set off from New York’s JFK airport early on Monday, embarking on the transatlantic leg of its record-breaking flight around the world to promote renewable energy. The flight, piloted by Swiss adventurer Bertrand Piccard, is expected to take about 90 hours — during which Piccard will only take short naps ...

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