Chinese

One dead as accident mars fourth leg

Hong Kong - Muslimchronicle

A collision between a mainland Chinese fishing boat and the American-Danish team's yacht during the fourth leg of the Volvo Ocean Race left one man dead, police said Saturday, overshadowing a historic victory for the Hong Kong team as the city hosted the race for the first time. Local group Sun Hung Kai/Scallywag triumphed despite some significant setbacks in the gruelling 5,800Read more

C&A fashion chain eyes sale to Chinese investors

London - AFP

The billionaire family that owns Dutch clothing retailer C&A is on the brink of selling the chain to Chinese investors, a German media report said Sunday. The deal is close to being finalised, Der Spiegel weekly said, citing "insider sources". C&A, founded in the Netherlands in 1841 by the German-Dutch Brenninkmeijer family, has over 1,500 stores across Europe employing some 35,000 people.Read more

Iranian oil tanker ablaze off China coast has sunk

Beijing - Muslimchronicle

An Iranian oil tanker engulfed in flames has sunk eight days after a collision off the Chinese coast, state media said Sunday, with some 30 crewmen still missing. The tanker Sanchi, carrying 136,000 tonnes of light crude oil from Iran, has been ablaze since colliding with the CF Crystal, a Hong Kong-registered bulk freighter, on January 6. "According to theRead more

Explosion risk for Iranian oil tanker ablaze off China

Beijing - Muslimchronicle

An Iranian oil tanker ablaze off the Chinese coast is at risk of exploding or sinking, authorities said Monday, as they reported there was no sign of survivors 36 hours after the vessel erupted in flames. A huge fire was still raging around the stricken ship, which had been carrying 136,000 tonnes of light oil, with fierce heat and thickRead more

Cash-strapped Greece sells stake

Athens - Muslimchronicle

The Greek government said Thursday that it had signed a deal to sell a majority stake in the port at Thessaloniki, part of the asset sales it agreed to as part of a huge international bailout. The state privatisation agency said the 67 percent stake was sold for 232 million euros ($275 million) to a consortium of Greek, French, GermanRead more

Why is Qatar showing off its new short-range ballistic missile arsenal?

Doha - Muslimchronicle

Qatar has showcased a new offensive capability that directly endangers its neighbors during its national day parade on December 15, military experts have said. During a military parade on the Doha corniche, the Qatari armed forces showcased new Chinese-made short-range guided ballistic missile launchers. According to International Institute for Strategic Studies Senior Fellow for Military Aerospace, Douglas Barrie, the SY400Read more

Alibaba betting on long-term gain

Washington - Muslimchronicle

The burgeoning electronic sports industry still does not attract the sponsors and television rights of the real sports, but the Chinese e-commerce conglomerate Alibaba believes that it is only in the past. a matter of time before his gamble on competitive video games is huge. Alisports, the sports arm of Alibaba, was inaugurated in 2015 with the aim of enjoyingRead more

N. Korea claims nuclear statehood with US

Beijing - Muslimchronicle

The United States warned that North Korea's leadership will be "utterly destroyed" if war breaks out as it called on countries to cut all diplomatic and trade ties with North Korea -- including Chinese oil shipments to Pyongyang. Washington urged tough action at an emergency meeting of the Security Council held Wednesday to respond to North Korea's launch of anRead more

China's tech giants reach global elite

Beijing - Muslimchronicle

Powered by Chinese smartphone users splurging billions on mobile games and online shopping, China's tech giants Tencent and Alibaba are racing up the elite league of the world's most valuable companies. Hong Kong-listed Tencent, famous for its games and WeChat messaging service, became the first Asian firm to break into the $500 billion league last week—briefly overtaking Facebook as theRead more

Taiwan's creative campaign for traditional characters

Taipei - Muslimchronicle

As a growing number of people around the world learn simplified Chinese instead of the more complicated traditional characters, young creatives in Taiwan are fighting to promote what they fear will become a dying art. Introduced by the Chinese Communist Party in the 1950s to boost literacy, the simplified version of the script uses fewer strokes and is now theRead more