New Huawei office hailed as spur for UK growth

Huawei has opened a new office in Manchester, drawing praise from local officials who say the Chinese telecommunications company will provide a major boost to the tech economy in northern England.

IN BRIEF (Page 7)

Missile strike on Iran tanker keeps heat on

TEHERAN - Two missiles struck an Iranian tanker traveling through the Red Sea off Saudi Arabia on Friday, Iranian officials said, the latest incident in the Persian Gulf region amid months of heightened tensions between Teheran and Washington.

Collaboration key to restoring China-US ties, forum told

Greater efforts at collaboration and understanding between China and the United States have been urged by experts as a way of shoring up a bilateral relationship that is being challenged on a number of fronts.

First Turkish soldier killed during Syria operation

AKKALE, Turkey - Turkey said on Friday that one of its soldiers was killed in northern Syria, the first such fatality in its offensive against a Kurdish militia for a third day, while tens of thousands of people were forced to flee.

Ethiopian PM Abiy wins Nobel Peace Prize

Ethiopian Prime Minister Abiy Ahmed has been awarded the Nobel Peace Prize for 2019 in recognition of his efforts to end his country's long-running border conflict with Eritrea.

Tokyo braces for worst typhoon in 60 years

TOKYO - A typhoon was forecast to bring at least 60 centimeters of rainfall and damaging winds to the Tokyo area this weekend, with an even greater deluge in store for central Japan's Pacific coast.

STAR market to lift global participation

Shanghai's sci-tech innovation board may see increased foreign participation over the next few quarters, as a key global index provider is expected to include eligible STAR-listed firms and as the new board provides a larger investable pool, analysts said.

SF expands retail footprint with Benlai investment

Delivery giant SF Express has expanded its retail footprint with a $200 million investment in fresh food e-commerce platform Benlai Holdings.

Tax distribution formula reworked for fiscal parity

Tax income distribution between the central and local governments has been rebalanced to ensure that the slew of planned tax and fee cuts will not drag some regions into financial problems, according to a statement from the State Council, the country's cabinet.

Chinese companies shifting focus to organic growth

Chinese companies are now attaching more importance to localized management and organic growth in the domestic market, which will naturally translate into a global status, rather than focusing on growing international market share via mergers and acquisitions, said experts from JPMorgan.

Banks step on the innovation pedal in FTZs to boost reforms

Banks are experiencing tremendous innovation in terms of business and risk management in free trade zones that are considered test fields for China's economic and financial reforms, executives of Bank of China Ltd said on Thursday.