Pita Limjaroenrat, the head of the reformist party that garnered the most seats in Thailand’s May parliamentary elections, announced his resignation on Friday. The young challenger used a surge of voters enraged at nearly a decade of junta-backed rule to propel the Move Forward Party (MFP) to the top of the polls. But strong conservative … Read more
According to a source close to Beijing’s decision-making, Chinese Defense Minister Li Shangfu was detained by authorities last week for questioning; nevertheless, U.S. sources claim he is being fired from his position. Since the end of August, Li hasn’t been in the media. The U.S. officials based their conclusion that he had been let out … Read more
According to those with knowledge of the situation, China instructed some brokerage firms to curtail proprietary trading in the foreign exchange market, signifying yet another effort by the government to support the under attack currency. The sources’s Bank of China requested a reduction in currency proprietary desk trading from a number of brokers earlier this … Read more
Authorities said that an additional attempt to rescue a Bahamas-flagged luxury cruise ship carrying 206 passengers that grounded in the world’s most northern national park in Greenland failed after attempting to use the high tide. It was the third time the MV Ocean Explorer had been freed. The cruise liner attempted to float free on … Read more
On Tuesday, China revealed a proposal to strengthen ties between the coastal province of Fujian and independent Taiwan. While promoting the advantages of deeper cross-strait collaboration, China also sent warships in a show of military force to the island. The State Council and the Central Committee of the Chinese Communist Party simultaneously issued the directive, … Read more