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Five workers died after a collapse at a mine in southwestern China, underscoring persistent safety issues and increased scrutiny following a gas blast at a coal mine in Shanxi earlier this month that killed at least 82 people.
Uganda said the African Development Bank has tentatively allocated about $650 million to partly fund the construction of a railway linking the capital, Kampala, to Malaba at the Kenyan border.
Saudi Arabia’s Mutlaq Al-Ghowairi Contracting Co.’s shareholders are seeking up to 3 billion riyals ($799 million) in a Riyadh initial public offering, in what would be the Gulf’s first major listing this year.
Taiwan has condemned the expulsion of a New York Times journalist from China over an interview the US-based newspaper conducted with the self-ruled island’s leader, saying it is common for a president of a democratic country to explain its position.
Germany’s defense chief Carsten Breuer said China missed an opportunity to engage at the political and military level this weekend with other countries in Asia and beyond. Breuer spoke in an interview with Bloomberg’s Haslinda Amin on the sidelines of the Shangri-La Dialogue, Asia’s premier defense conference. (Source: Bloomberg)
Philippine Defense Secretary Gilberto Teodoro outlines deepening military ties with a network of US allies and tells Bloomberg’s Haslinda Amin why it’s important to work together on military deterrence. They speak on the sidelines of the Shangri-La Dialogue in Singapore. (Source: Bloomberg)
China’s factory activity slowed in May as disruptions from a five-day break added to pressures on global demand and input costs from the continuing conflict in the Middle East.
The hunt is on for companies that could benefit from the tailwinds of an unprecedented wave of stock offerings in the US, and investors are increasingly honing in on the Asian supply chain.
