US talks laid the foundation, China

US talks laid the foundation, China

China said yesterday that trade talks in Beijing with a US negotiating team had “laid the foundation” to resolve concerns held by both sides in a bruising trade war. US officials visited Beijing from Monday to Wednesday for the first sit-down talks since President Donald Trump and Chinese leader Xi Jinping agreed on December 1 to a three-month truce in the escalating spat. China and the US “conducted extensive, in-depth and meticulous exchanges... which enhanced mutual understanding and laid the foundation for resolving issues of mutual concern,” the Chinese commerce ministry said in a statement.

“Both parties agreed to continue to maintain close contact.” When asked about progress in those areas on Thursday, China’s commerce ministry spokesman Gao Feng said that structural issues were a focus of the talks. “Negotiations between the two sides in this area made progress,” he said. The US Trade Representative office said Wednesday that the talks focused on “ways to achieve fairness, reciprocity, and balance in trade relations”, as well as the need for “ongoing verification and effective enforcement” of any agreement.

“The Chinese side also believes that the implementation mechanism of any agreement is very important and both parties have an obligation to carry it out,” Gao told reporters during a regular press conference. “For the next step, both sides will continue to work hard together, and advance the negotiation work according to the original plan.” “The talks also focused on China’s pledge to purchase a substantial amount of agricultural, energy, manufactured goods, and other products and services from the United States,” USTR said in a statement.




BMW, MercedesBenz lower prices in China

BMW, MercedesBenz lower prices in China

BMW AG and MercedesBenz said on Saturday they will lower their prices in China, after the government announced it will reduce the country’s value-added tax (VAT) starting on April 1. The German automobile companies each published posts on Chinese social media announcing immediate price cuts

Al Hilal, NHRA conduct special medical education programme

Al Hilal, NHRA conduct special medical education programme

Al Hilal Healthcare Group held a special Continues Medical Education Programme in association with the NHRA on Thursday at Elite Hotel, Seef, Bahrain. The programme was inaugurated by Dr Sharath Chandran, CEO of Al-Hilal Group, Bahrain along with other dignitaries. More than 100 doctors from Gyne

BisB celebrates 40th anniv. with #BisB event

BisB celebrates 40th anniv. with #BisB event

Bahrain Islamic Bank (BisB) held an exclusive tech-driven event entitled #BisB at the Isa Cultural Centre, Manama, in celebration of the Bank’s 40th year anniversary. The event held in the presence of the Bank’s top officials, as well as several pioneers in the banking sector, highlig

Managing the ‘Space-InBetween’ Individuals

Managing the ‘Space-InBetween’ Individuals

Enterprises have been historically dedicating much of their efforts to optimising human-capital strategies in an effort to win the war on talent; building-out comprehensive talent management systems, validating leadership competency models and designing the best possible leadership development pr

UAE port operator’s profit rise

UAE port operator’s profit rise

Dubai port and logistics giant DP World said yesterday its net profit for 2018 rose over five percent on increased trade and higher returns from new acquisitions. The global provider, which runs port operations in over 40 countries, sa

US ups pressure on Europe over 5G

US ups pressure on Europe over 5G

The US upped pressure on Europe Wednesday to avoid turning to Huawei for 5G telecom infrastructure, with a top commander saying NATO forces would cease communicating with their German colleagues if Berlin teams up with the Chinese firm

Motorcity Wins Volvo Excellence Award

Motorcity Wins Volvo Excellence Award

Motorcity, the exclusive distributor of Volvo Cars in Bahrain, said it has won the Volvo Excellence Award in Sales and Customer Service for 2018 in recognition of the outstanding accomplishments of the company. With this achievement, V


Alert call after plastic fragment found in fish stomach

Alert call after plastic fragment found in fish stomach

Experts have warned over the dangers of plastics adversely affecting the marine life as well as entering the food chain after an image of plastic fragments discovered from a fish’s stomach went viral on social media network. In October last year, a global study revealed plastic had been det

Asian held for receiving drug pills packed in envelopes

Asian held for receiving drug pills packed in envelopes

In a rare case, an Asian man brought banned narcotic pills to the Kingdom in envelopes sent via air cargo, it was revealed. According to court files, the defendant received 2,000 pills in nine separate envelopes, which were detected through the X-ray facility at Bahrain International Airport afte

Bahrain, UAE sign parliamentary deal

Bahrain, UAE sign parliamentary deal

Speaker of the Council of Representatives Fawzia Zainal, here yesterday, met the UAE President of the Federal National Council, Amal Al Qubaisi, and signed a co-operation agreement aims to set principles for parliamentary co-operation and unifying visions on various issues.  Ms Zaina

Grand event set to mark Bahrain banking strides

Grand event set to mark Bahrain banking strides

A grand event will be held later this year to mark the 100 years of banking operations in the Kingdom. Organised by the Bahrain Association of Banks (BAB), the Kingdom will hold an event in connection with the 100th anniversary of the banking sector on September 11 under the patronage of His Roya

New Zealand terror attack condemned

New Zealand terror attack condemned

Renowned businessman, Akram Miknas, has condemned the terror attack on the two Christchurch mosques in New Zealand, which resulted in the death of 50 people to date. The attack was carried out by a 28-year-old Australian man, Brenton Harris Tarrant, who opened fire on the worshippers at the mosqu

Over 1,000 advertisements removed for violating rules

Over 1,000 advertisements removed for violating rules

Over a thousand advertisements that were in violation of rules were removed by the authorities in the first two months of this year, it is learnt. Head of the Capital Municipal Council, Shawkiya Ibrahim Humaidan, said that 1,020 advertisements were removed during January and February of this year

Woman gets 3 months jail for ‘stealing water’

Woman gets 3 months jail for ‘stealing water’

A woman was sentenced in absentia by the Third Low Criminal Court to three months of imprisonment for “stealing” water from the main line, it was announced yesterday. According to court files, the woman has been benefiting from water services provided by the Electricity and Water Auth

Company accuses employee of embezzlement to trap dad

Company accuses employee of embezzlement to trap dad

A Bahrain-based private company has accused one of its expat employees of embezzling over BD43,000 to pressure his father, who’s also an employee there, to pay off his debts. This has been revealed as the Third High Criminal Court of Appeal yesterday acquitted the defendant, who’s an

Prince Charles embarks on Caribbean tour including Cuba

Prince Charles embarks on Caribbean tour including Cuba

Prince Charles and his wife Camilla embark on a Caribbean tour yesterday during which they will become the first British royals to visit Cuba. The royals will kick off their 12-day tour of 10 islands with a visit to St Lucia, continuing onwards to Barbados, St Vincent and the Grenadines, St Kitts

Red carpet welcome

Red carpet welcome

His Majesty King Hamad bin Isa Al Khalifa arrived here yesterday on an official state visit to brotherly Turkmenistan, at the invitation of President Gurbanguly Berdimuhamedow. The two leaders will hold talks on ways to enhance the distinguished bilateral relations and open up new horizons of joi

Federer, Nadal set up semi-final showdown

Federer, Nadal set up semi-final showdown

Rafael Nadal withstood the challenge of Russian Karen Khachanov to set up a blockbuster semi-final with Roger Federer at the ATP Indian Wells Masters Friday despite a flareup of right knee trouble that required mid-match treatment. World number two Nadal, the highest seed left in the draw after t

Hami snatches Australian pole

Hami snatches Australian pole

Mercedes’ world champion Lewis Hamilton picked up where he left off last year to reassert his authority and snatch a record-extending eighth pole position at the season-opening Australian Grand Prix yesterday. The Briton clocked a fastest lap of one minute 20.486 to narrowly pip team-mate V