China

Hong Kong Jumbo: Owners of Jumbo Floating Restaurant backtrack on sinking claims as authorities investigate

Hong Kong Jumbo: Owners of Jumbo Floating Restaurant backtrack on sinking claims as authorities investigate

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Hong Kong CNN — The owners of an iconic Hong Kong floating restaurant that made headlines around the world after reports surfaced that it had sunk in the sea, appeared on Thursday. to walk back earlier claims that it was more than salvageable, insisting the ship was “still in the waters” near the Paracel Islands, …

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Putin says Russia is rerouting trade to China and India

Putin says Russia is rerouting trade to China and India

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London CNN Business — President Vladimir Putin said Wednesday that Russia is diverting trade to “trusted international partners” such as Brazil, India, China and South Africa, as the West tries to sever economic ties. “We are actively engaged in redirecting our foreign trade flows and economic contacts towards reliable international partners, primarily the BRICS countries,” …

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