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Foxconn admits overtime by student interns in China factory

TAIPEI, Aug 9 — Taiwan’s tech giant Foxconn admitted today that school interns had worked overtime and night shifts at a factory in China, blaming “lax oversight” by local management. The statement by Foxconn, the world’s largest contract…


Wall Street slips as Huawei report adds to trade concerns

NEW YORK, Aug 9 — US stocks edged lower today after rebounding strongly a day earlier, as investors grappled with fresh trade tensions, political turmoil in Italy and a surprise contraction in Britain’s economy. Shares of chipmakers and other…


Activists: China factory put teens on night shift to make Amazon devices

KUALA LUMPUR, Aug 9 — Amazon pledged today to investigate claims of worker abuse at a factory in China after labour activists said students as young as 17 were put on night shifts and legal overtime limits broken. Research by New York-based China…


Beijing calls US ban on Chinese firms ‘abuse of state power’

BEIJING, Aug 8 — Beijing today said US rules banning technology giant Huawei and other Chinese firms from government contracts amounted to “abuse of state power” amid an escalating China-US trade war. The interim rule, which will preclude any…


Wall Street climbs more than 1pc after China moves on yuan

NEW YORK, Aug 7 ― US stocks jumped more than 1 per cent yesterday, bouncing back from a sharp sell-off the previous day as China stepped in to stabilise the yuan, easing concerns that currencies would be the next weapon in the US-China trade war….


S&P 500 and Nasdaq set to snap six-day losing streak

NEW YORK, Aug 7 ― US stocks rose yesterday as China stepped in to stabilise the yuan, soothing concerns that currencies would be the latest weapon in the long-drawn trade war, a day after Wall Street suffered their sharpest one-day percentage…


Wall Street tumbles as yuan slide intensifies trade worries

NEW YORK, Aug 5 — Wall Street’s main indexes fell sharply today, led by technology companies, as China’s willingness to let the yuan slide in response to the latest US tariff threat fanned fears that it could further aggravate an ongoing trade…


MTC: Malaysian timber industry is 3D — ‘desirable, deserving, delightful’

KUALA LUMPUR, Aug 4 — The Malaysian Timber Council (MTC) is reframing the “3D” slogan for the country’s multibillion-ringgit timber industry, one that is “Desirable, Deserving and Delightful”. MTC chief executive officer (CEO) Richard Yu…


S&P 500, Nasdaq close out worst week since December on trade worries

NEW YORK, Aug 3 — Wall Street extended its sell-off yesterday on renewed trade fears as the benchmark S&P 500 index and Nasdaq saw their worst weekly percentage plunges since December, when investors were spooked by the prospect of a looming…


Wall Street drops to one-month low on trade, growth fears

WASHINGTON, Aug 2 — Wall Street’s main indexes sank to one-month lows today after a sharp escalation in US-China trade tensions and tepid job growth in July reinforced fears of a global economic slowdown. The Labour Department said nonfarm…