New Delhi / Bloomberg A surge in internet connectivity in rural India, home to some 870 million people, will lead much of the nation’s e-commerce activity to move into regional areas during the rest of the decade, according to a report by Boston Consulting Group. The number of web-connected rural consumers will more than double to 315 million by ...
Read More »Vanke profit gains on strong sales amid ownership fight
Beijing / Bloomberg China Vanke Co., the developer at the center of a battle for control, posted a 10 percent increase in first-half profit as a home-market recovery boosted sales, helping offset uncertainties over the company’s future because of the ownership struggle. Net income at the nation’s largest residential developer climbed to 5.35 billion yuan ($804 million), or 0.48 ...
Read More »Philippine president threatens to take country out of UN
Manila / AFP President Rodrigo Duterte threatened on Sunday to withdraw the Philippines from the United Nations, as he launched another profanity-laced tirade against the organisation for criticising his bloody war on crime. More than 1,500 people have been killed since Duterte took office and immediately began his law-and-order crackdown, according to police statistics, triggering fierce criticism from the ...
Read More »Japan protests as China ships sail near disputed islands
Tokyo /Â AFP Tokyo protested to Beijing on Sunday after Chinese coast guard ships sailed into territorial waters surrounding disputed islands in the East China Sea, Japan said. Four Chinese vessels entered the waters surrounding islets, called the Senkaku in Japan and the Diaoyu in China, around 10.00 am local time (0100 GMT), according to Japan Coast Guard. They left ...
Read More »Protest over election ban on Hong Kong activists
Hong Kong / AFP Hundreds of protesters marched through Hong Kong’s main streets on Sunday against a ban on pro-independence candidates from running in an upcoming legislative election, as fears grow over Beijing’s influence in the city. In the last month five candidates who advocate a split from China were rejected from standing in the September 4 vote, with officials ...
Read More »S Korea warns of possible N Korean assassination squads
Seoul/Â AFP South Korea warned on Sunday of possible North Korean assassinations and kidnappings in revenge for recent high-profile defections to the South. With tensions also high before a large-scale South Korea-US military exercise starting on Monday, the Unification Ministry in Seoul said Pyongyang was bent on provocation. A ministry official told reporters the defection to Seoul of North Korea’s ...
Read More »Bangkok bomb trial looms without masterminds in dock
Bangkok / AFP Two Chinese nationals will go on trial this week for their alleged roles in a deadly bombing at a Bangkok shrine one year ago, an attack whose motive remains clouded in mystery following a murky and at times surreal investigation. The trial, which starts on Tuesday, is being held at a military court in Bangkok and ...
Read More »Indian troops kill 3 militants near Kashmir border
Srinagar /Â AFP Indian soldiers killed three suspected rebels in a gun battle on Sunday in Indian-administered Kashmir, the army said, as the region reels from weeks of deadly violence between protesters and security forces. The rebels were killed in Tangdhar north of the main city of Srinagar after crossing over from the Pakistani side of the heavily militarised border ...
Read More »Are aging and the economic slowdown linked?
An aging America reduces the economy’s growth — big time. That’s the startling conclusion of a new academic study, and if it withstands scholarly scrutiny, it could transform our national political and economic debate. We’ve known for decades, of course, that the retirement of the huge baby-boom generation — coupled with low birthrates — would make the United States ...
Read More »Another reason to cheer for your local college
Lots of presidential-campaign observers have been questioning the numbers in Hillary Clinton’s plan to make public colleges and universities “free†for students whose families earn below a set threshold. And I will admit that I am a longtime skeptic of proposals to further subsidize higher education. But one thing critics such as myself tend to overlook is the positive value ...
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