Three months after it reopened its economy, Wuhan’s uneven recovery offers a glimpse of the hard road back to normality for cities after containing the coronavirus. As of May, factory output, retail sales and exports in the city were nowhere near the same level as last year. That’s even though some factories worked throughout the … Read more
By Andy Mukherjee It took a pandemic and a lockdown to highlight the precarious existence of the country’s blue-collar workers. Left without jobs and shelter, an estimated 30 million — roughly a fifth of the urban labor force — have gone back to their villages, with many completing long, hazardous journeys on foot when trains … Read more
New Delhi: Defence Minister Rajnath Singh on Friday held a telephonic conversation with his US counterpart Mark T Esper during which India’s border row with China in eastern Ladakh and the overall security scenario in the region figured prominently, people familiar with the development said. Singh and Esper also deliberated on ways to further boost … Read more
Chinese Internet giant ByteDance is considering changing the corporate structure of its popular short-video app TikTok, as it comes under intense scrutiny in India and the United States. Senior executives are discussing options such as creating a new management board for TikTok or establishing a headquarters for the app outside of China to distance the … Read more
NEW DELHI: India’s latest proposal on capping fisheries subsidies at the World Trade Organisation (WTO) keeps China out of the list of developing countries which are exempt from the prohibition of subsidies to large fishing vessels. As per the proposal, a developing country is not eligible for the exemption if its GNI per capita crosses … Read more
HONG KONG: TikTok said Tuesday it will stop operations in Hong Kong, joining other social media companies in warily eyeing ramifications of a sweeping national security law that took effect last week. The short-form video app’s planned departure from Hong Kong comes as various social media platforms and messaging apps including Facebook, WhatsApp, Telegram, Google … Read more
BEIJING: Alarmed at China’s stranglehold over supplies of masks, gowns, test kits and other front-line weapons for battling the coronavirus, countries around the world have set up their own factories to cope with this pandemic and outbreaks of the future. When the outbreak subsides, those factories may struggle to survive. China has laid the groundwork … Read more
Mumbai: There has been a 200 per cent rise in cyber incidents in India in the last two months, but those cannot be blamed to Chinese actors, chief information security officer in the Prime Minister’s Office, Gulshan Rai, said on Monday. He, instead, blamed a shift in the service sector to work from home (WFH) … Read more
Key note address delivered by Christopher Wood, equity strategist, CLSA, in his first public appearance in India, at the ET Now Market Summit-2010. Excerpts: Hello everybody and thank you for asking me. I will be running through some charts which were still first with the situation in the West. Then I will move on to … Read more