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    Latest News

    China pursues self-reliance as external economic risks grow

    BEIJING: China is looking to reduce its reliance on overseas markets and technology for its economic development, government advisers say, as US hostility and a global pandemic increase external risks that could hamper longer-term progress. 

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    Microsoft could be ‘white knight’ for TikTok or fall flat

    WASHINGTON: A deal allowing Microsoft to buy social media phenomenon TikTok could be transformative for the US tech giant’s efforts to become more consumer-focused — if it can overcome the business and political risks. 

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    Iraq’s Iran-US money trade in tatters

    SULAMANIYAH, Iraq: In Iraq’s Kurdistan region and at the country’s Muslim Shiite holy sites, trading US dollars for rials from Iran was once big business. But the money exchange trade has been hard hit by lockdown restrictions to stop the spread of COVID-19, and by deep economic woes in both countries.

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