Facts about chinas economic growth

Differences were "still too great to reach an agreement," German Chancellor Angela Merkel told reporters at the end of the two days of talks in Brussels. No date had yet been set for another summit to try again, but Merkel added that "we are going to have to return to the subject". The trillion-euro-plus budget, the multiannual financial framework, is meant to be operational from next year and run to the end of 2027. But the summit revealed stubborn differences between a handful of wealthy "frugal" states and a larger group wanting more money to meet both big European ambitions and to fill the 75-billion-euro shortfall left by Britain's exit from the EU last month. "Unfortunately we have observed it was not possible to reach an agreement, we observed we need more time," said European Council President Charles Michel, who had called the extraordinary summit and stewarded the talks. He said, however, he was right to make the effort: "As my grandmother said, to succeed you first have … [Read more...] about EU budget summit ends with no deal

Businesses catering to the Chinese market are the hardest hit, with the number of passengers decreasing by nearly 100 percent as Vietnam suspended all flights to and from China, the epicenter of the Covid-19 outbreak, and stopped granting visas for Chinese tourists and those coming from epidemic-stricken areas. … [Read more...] about Free visas among revival measures proposed by coronavirus-hit tourism industry

The plan, developed by Vietnam Institute for Urban and Rural Planning under the Construction Ministry, highlighted Binh Dinh as one of five provinces in the central key economic zone. The province has an important position economically and geographically as it is on the axis of the North-South expressway and railway, is home to Phu Cat Airport and is the nearest gate to the East Sea for Vietnam’s Central Highland region, southern region of Lao, northeastern region of Cambodia and northeastern region of Thailand through National Highway No 19 and Quy Nhơn International Seaport. … [Read more...] about Regional planning for Binh Dinh Province approved

Handsets are manufactured at a Samsung Electronics Việt Nam factory in the northern province of Thái Nguyên. — VNA/VNS Photo Hoàng Hùng Viet Nam News HCM CITY — Growth opportunities abound in the internet of things segment but problems like outdated technologies, poor management skills and low technical capacity are preventing Vietnamese firms from entering global value chains, a workshop heard in HCM City on Thursday. … [Read more...] about Global value chains a mixed bag for IT firms

As OYO is very much threatened to become the next unicorn to pass into oblivion, after Uber and WeWork, SoftBank Vision Fund is starting to look like a bad streak, with all three of these companies and other startups like CloudMinds, Bird, or Lyft turning out to be pyres for its cash and contributed to dragging down SoftBank Group's profitability by a whopping 99 per cent in the last quarter. … [Read more...] about Indian hotel network OYO on red alert