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US Shoot Down Iranian Drone in Hormuz Strait: Trump

We have no information on the loss of a drone today: Zarif WASHINGTON – A US Navy ship shot down an Iranian drone in the Strait of Hormuz after its operators ignored the warnings, US President Donald Trump said in a tweet on Thursday. This is Washington’s first military action …

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China Set to Beat North America in 5G Investments in 4 Years


BEIJING – China’s ambitions to become the world leader in emerging technology is no longer a secret, and the country has since been positioning itself to achieve that goal, with sizable and strategic investments, Techwire Asia reported Friday. According to one recent forecast, China’s 5G network investments in the next …

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Pakistan Presents Progress Report on Anti-Poverty Development Plans to UN


UNITED NATIONS – Pakistan on Tuesday presented its progress report and future plans on meeting the globally agreed and nationally adopted anti-poverty Sustainable Development Goals (SDGs), saying that the government of Prime Minister Imran Khan was committed to accelerating human development in the country, APP reported Wednesday. The progress report …

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China-Malaysia Industrial Funds Forum Held in China


NANNING – The third China-Malaysia Industrial Funds Forum was held Tuesday in the city of Qinzhou, southern China’s Guangxi Zhuang Autonomous Region, Xinhua reported Wednesday. The forum attracted nearly 200 guests from banks, securities companies, governments and other institutions at home and abroad to discuss the implementation of the Belt …

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Iran Urges Britain to Release Oil Tanker Held in Gibraltar


TEHRAN – The Gibraltar authorities have intercepted the Iranian super-oil tanker suspected of violating the sanctions imposed by the European Union by carrying a cargo of crude oil from Tehran to Syria ravaged by the war, TRT World reported on Friday. Iran on Friday demanded that Britain immediately release an …

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Iran will Enrich Uranium to ‘Any Amount We Want’: Rouhani


TEHRAN – Iran’s president Hassan Rouhani warned European partners in its faltering nuclear deal on Wednesday that Tehran will increase its enrichment of uranium to “any amount that we want” beginning on Sunday, Putting pressure on them to offer a way around intense U.S. sanctions targeting the country, AFP reported …

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China Plans to Tighten Rules on $ 2.2 Trillion of Market Corners


BEIJING – The Chinese banking regulator is considering tightening the rules for cash management products, according to people familiar with the issue, which would have an impact on investments worth an estimated $ 2 trillion, Bloomberg reported Monday. China’s Banking and Insurance Regulatory Commission aims to treat PCMs as money …

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