Shanghai Daily (175)

Stronger UK retail sales

Bain Capital buys Toshiba chip unit

JAPAN’S Toshiba Corp agreed yesterday to sell its prized semiconductor business to a group led by US private equity firm Bain Capital LP, a key step in keeping the struggling Japanese conglomerate listed on the Tokyo exchange. In a last-minute twist to a long and highly contentious auction, ...

Internet giants gear up for Singles Day shopping

INTERNET giants are gearing up for the Singles Day shopping spree in November, and service providers in the logistics sector are beefing up efforts to ensure smooth delivery of goods following the world's largest online shopping festival. China Express Association expects the total number of ...

Online platform to help SMEs get loans

CHINA’S first online government-led bank taxation interactive platform, which seeks to help small and mid-size enterprises, to access loans easily was launched in Shanghai yesterday. As the first online interactive platform co-developed by the Shanghai Municipal Bureau of Local Taxation and ...

Shares rise as holiday approaches

SHANGHAI stocks closed up yesterday as market sentiment was boosted by the approaching National Day holiday and an improving macro-economic environment. The Shanghai Composite Index edged up 0.27 percent to close at 3,366.00 points. Shares of non-ferrous metals, consumer, tourism, coal and steel ...

2,317 cars recalled

DONGFENG Peugeot Citroen Automobile will recall 2,317 defective automobiles with problematic tires, China’s consumer quality watchdog said yesterday. The recall, starting yesterday, will involve Dongfeng Citroen C5 and C6 models and Dongfeng Peugeot automobiles produced between August 15-29 in ...

Cultural trading

OVER 200 intellectual property issues from some 130 domestic and foreign culture enterprises were exhibited and traded at the annual Culture Licensing Fair of the Shanghai Pilot Free Trade Zone from yesterday. The three-day event features artworks, intangible culture heritage, video games, film and ...

Desperate search for survivors after Mexico hit by massive earthquake

RESCUE workers scrabbled through rubble as dawn broke yesterday, searching for dozens of children feared buried beneath a Mexico City school, one of hundreds of buildings destroyed by the country’s most lethal earthquake in a generation. The 7.1-magnitude quake on Tuesday killed at least 225 ...

Gender stereotypes 'put children at risk'

GENDER stereotypes put girls as young as 10 at risk of HIV/AIDS and depression, and lead boys to abuse drugs and commit suicide, a major study across 15 countries said yesterday. Children around the world — in liberal and conservative cultures — internalize damaging beliefs that boys are ...

And the brides, all 16 of them, wore red

Saying it with flowers ... and fruit

China's bullet trains now the world's fastest

FROM today, China has the world’s fastest bullet trains. The domestically developed trains running between Shanghai and Beijing, called the Fuxing , show the nation, which started late on the high-speed track, is cementing its leading role in the race. The new trains run at a consistent speed ...

Mission to Mars on schedule for 2020

CHINA’S ambitious program to launch a mission to Mars is “well under way,” its top planner said yesterday, with a probe scheduled to carry 13 types of payload, including six rovers, to the planet in 2020. Zhang Rongqiao, the mission’s chief architect, said: “The ...

China plans more e-commerce zones

CHINA will set up more cross-border e-commerce pilot zones in favor of trade facilitation to boost China’s global competitiveness, according to a decision made at a State Council executive meeting chaired by Premier Li Keqiang yesterday. The meeting decided to extend the success of ...

Hurricane Maria slams into Puerto Rico

Hurricane Maria slammed into Puerto Rico yesterday, cutting power on most of the US territory as terrified residents hunkered down in the face of the island's worst storm in living memory.After leaving a deadly trail of destruction on a string of smaller Caribbean islands, Maria made landfall on ...

Big terror attack in Australia 'inevitable'

A major attack in Australia is inevitable', one of the nation's top counter-terrorism police officers said yesterday, warning that anything can happen at any time.'Australian authorities say they have prevented 13 terror attacks on home soil in the past few years, including an alleged plot in July ...

Parrot orders online by copying owner

A pet parrot managed to place an online shopping order by mimicking its owner on a voice-controlled smart speaker, a British newspaper said yesterday.Buddy the parrot ordered a 10 pound set of gift boxes via Amazon's Alexa voice-controlled system, The Sun said.The mystery order triggered an inquest ...

Spain police arrest senior officials in Catalan raids

Spanish police raided Catalan government offices and arrested officials yesterday to halt a banned referendum on independence, an action the regional president said meant Madrid had effectively taken over his administration.Hundreds of protesters gathered outside the regional government offices in ...

Putting finishing touches

2 city restaurants win coveted 3 star Michelin guide awards

MICHELIN food guide launched its 2018 Shanghai edition on Wednesday with two restaurants awarded three stars. The two are T’ang Court, inside Langham Shanghai, in Xintiandi, a Cantonese restaurant, and an innovative Western restaurant called Ultraviolet. Michael Ellis, international director ...

Trump says US may have to 'destroy' North Korea

US President Donald Trump said yesterday that the United States will be forced to “totally destroy” North Korea unless Pyongyang backs down from its nuclear challenge, mocking North Korean leader Kim Jong Un as a “rocket man” on a suicide mission. Loud murmurs filled the ...

UN chief seeks to avoid war with NK

UNITED Nations Secretary-General Antonio Guterres appealed for statesmanship to avoid war with North Korea and criticized world leaders who stoke resentment over refugees for political gain, two digs at US President Donald Trump. In his first address to the annual 193-member UN General Assembly ...

China, Russia call for peaceful solution

THE Chinese and Russian foreign ministers called for a peaceful end to the “vicious cycle” on the Korean Peninsula as they met in New York for the UN General Assembly. Chinese Foreign Minister Wang Yi and his Russian counterpart Sergei Lavrov urged all parties to seek a “peaceful ...

President stresses prevention of risks

PRESIDENT Xi Jinping yesterday stressed the importance of preventing and controlling major risks through the leadership of the Communist Party of China. Xi, also the Party’s general secretary, made the remarks while meeting representatives from the public security sector. He said those working ...

60 countries can thank city's courts

AS part of the city’s development to become a global commercial center, Shanghai courts have resolved business disputes involving companies from more than 60 countries. From 2012 to 2016, local courts received 4,785 business disputes involving companies from overseas countries along with ...

Processing accelerated to entice top talent

HONGKOU District has shortened the process for highly skilled foreigners applying for work permits to just four days. The effort is part of a citywide trend to simplify the application process to attract key foreign professionals. The district’s talent development service center recently ...

Firm fined for conning customers with its 'organic vegetable' sales

THE firm owning the renowned Shanghai organic vegetable brand Shangshanyuan has been found guilty and heavily fined for profiting by mixing nonorganic vegetables with organic ones. Shanghai Rongbang Investment Management Co, the company behind the Shangshanyuan brand, was fined 500,000 yuan by the ...

Construction to start on oil tank park

CONSTRUCTION will start by the end of the month to redevelop an oil station site into a park along Huangpu River. The art park named Tank Shanghai will comprise exhibition spaces, plazas, gardens, a bookstore, education center and restaurants. The site was initially built in 1917 to supply fuel to ...

Li meets Lee

COMAC wins 130 orders for C919 jet

THE Commercial Aircraft Corp of China won a contract for 130 C919 jets yesterday from ABC Financial Leasing and three other Chinese leasing firms. The latest deal brings total orders for the 150-seat aircraft, the first domestically developed single-aisle passenger jet, to 730, COMAC said at the ...

Mid-size firms less rosy on revenue gain

CHINA’S mid-sized enterprises are less confident about their revenue growth than their global peers, EY found in a survey yesterday. The EY Growth Barometer found that only 1 percent of Chinese respondents said they expected their revenue growth to exceed 16 percent next year, compared with 15 ...

CGN eyes equity in UK's NuGen

China General Nuclear Power Corporation is bidding to make an equity investment in a planned British nuclear plant, the future of which was thrown into doubt earlier this year amid mounting financial woes at its developer Toshiba Corp.Chinese interest comes at a time when Britain is looking to ...

Intelligent vehicles deal inked

Guangzhou Automobile Group Co Ltd and China's Tencent Holdings agreed to collaborate on intelligent and connected vehicles, according to an announcement from the automobile group last night.The two partners signed an agreement to cooperate on connected vehicles, intelligent driving, cloud platform ...

Managed assets post slower rise

China's asset management businesses expanded at a slower rate in the first nine months of the year amid tightened regulation, according to industry data.Assets under management totaled 54.09 trillion yuan as of September 10, up 4.9 percent from the end of 2016, according to the self-regulated Asset ...

Reaching US$1t for 1st time

Norway's sovereign wealth fund, the largest in the world, yesterday reached the value of US$1 trillion for the first time, the Norwegian central bank, which manages the fund, said.This amount equals nearly US$189,000 for each of the 5.3 million people living in Norway.Established in the ...

Baby Qi Qi survives tough start to life

A baby girl nicknamed Qi Qi offers hope for babies with congenital heart diseases. Last month Shanghai Children’s Medical Center successfully operated on Qi Qi, who had suffered a complete transposition of her great arteries. She had to receive a prenatal oxygen uptake intervention during her ...

City knows its water quality and food safety

SHANGHAI citizens are keenly aware of what environmental protection involves, especially when it concerns water quality and food safety. According to a survey report issued by Shanghai Jiao Tong University yesterday the city’s residents have more knowledge on the matter than anywhere else in ...

94 workers honored as 'local standouts'

IN a bid to promote expertise, professionalism and the spirit of innovation, Shanghai Federation of Trade Unions selected 94 workers as this year’s “Shanghai standouts.” The organization announced yesterday that “frontline workers” headed the list, with 69 ...

Huge increase in foreign students

THE number of foreign students in Shanghai has increased by 13,000 to 60,200 in the past five years due to enhanced efforts in international exchanges. Educational authorities issued the figures yesterday at a news conference to summarize their achievements in the period. The city has set up sister ...

Two-month arts feast opens in Hongqiao

OVER 150 concerts and art performances will be staged in Hongqiao during an annual art festival over a two-month period, starting today. Twenty-five foreign art groups from such countries as the United States, Russia, Germany, Australia, Denmark and Estonia will give performances for residents ...

Melania Trump billboards removed

Billboards featuring Melania Trump and the slogan just imagine how far you can go with a little bit of English' were removed yesterday from the Croatian capital after her lawyer threatened a lawsuit.The billboards were part of a marketing campaign by a private English language school in Zagreb, ...

Today's 18-year-olds look like 15 years old

Teenagers in America today are about three years behind their counterparts from the 1970s when it comes to taking up sex, drinking alcohol, and working for pay, researchers said yesterday.The findings in the journal Child Development were based on an analysis of seven large, nationally ...

Ex-porn actor spy guilty of bid to share state secrets

A former German intelligence agent who was also an ex-gay porn actor was yesterday given a one-year suspended sentence for attempting to share state secrets while pretending to be a jihadist online.The 52-year-old named as Roque M., made headlines when he was arrested last November in what initially ...

Hurricane Maria whacks Dominica

HURRICANE Maria smashed into the eastern Caribbean island of Dominica yesterday, with its prime minister describing devastating damage as winds and rain from the storm also hit territories still reeling from Irma. Maria, which has been fluctuating in intensity between a Category Four and Category ...

Neuer out until January after another foot surgery

BAYERN Munich has confirmed its Germany goalkeeper and captain Manuel Neuer will be out until January, having undergone another operation yesterday after again fracturing his left foot. The 31-year-old had only returned at the end of August after fracturing the same foot in April. He suffered the ...

Ferdinand launches boxer bid

FORMER England football captain Rio Ferdinand confirmed yesterday he will train to become a professional boxer with the ultimate aim of challenging for a title belt. The 38-year-old former Manchester United star, who retired from football in May 2015, is taking part in online betting firm ...

Shenhua draws at home as boss admits mistakes over key signings

SHANGHAI Greenland Shenhua was held to a goalless draw by Felix Magath’s Shandong Luneng in their Chinese Super League match at Hongkou Football Stadium yesterday. Having suffered five successive league defeats coming into the match, including last Saturday’s humiliating 1-6 derby ...

Apple's iOS 11 set to revamp App Store

APPLE Inc’s newest operating system for iPhones and iPads introduces changes to its marketplace for third-party software to satisfy app developers and add new so-called augmented reality apps. The system, called iOS 11, was released yesterday ahead of its two newest phone handsets, the iPhone ...

Toys 'R' Us files for bankruptcy

TOYS ‘R’ Us, the big box toy retailer struggling with US$5 billion in debt and intense online competition, has filed for bankruptcy protection ahead of the key holiday shopping season — and says its stores will remain open for business as usual. The company said the proceedings ...

Chinese fleet arrives in Russia