German car giant Volkswagen said Wednesday it would sell its operations in China’s Xinjiang region, where Beijing has been accused of widespread human rights abuses including forced labour.The firm will sell its factory in Xinjiang’s capital Urumqi as well as a test track in Turpan to a Chinese company, a spokesperson said in a press …
Volkswagen says to sell operations in China’s Xinjiang Read More »
A Malaysian court on Wednesday allowed corruption charges in one of several cases linked to the scandal-wracked 1MDB sovereign wealth fund against jailed ex-prime minister Najib Razak to be dropped, his lawyer said.Najib is currently in jail after being convicted in one of five cases related to 1MDB from which billions of dollars had been …
Malaysia drops charges against ex-PM Najib in 1MDB-linked Abu Dhabi case Read More »
Asian markets were mixed Wednesday as traders tried to gauge the economic outlook after Donald Trump picked a tough-negotiating hawk as his trade envoy the day after saying he would hit China, Canada and Mexico with hefty tariffs.The stuttering performance followed a broadly negative day on Tuesday and came despite another record-breaking lead from Wall …
Asian markets mixed as traders eye fresh trade tensions Read More »
India’s Adani Group conglomerate said Wednesday it had lost almost $55 billion in a stock market rout since US prosecutors last week accused its founder and other officials of fraud.The November 20 bombshell indictment in New York accused billionaire industrialist founder Gautam Adani and multiple subordinates of deliberately misleading international investors as part of a …
Adani Group says it lost nearly $55 bn as US charges sparked rout Read More »
