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(MENAFN - AFP) Chinese state-run energy giant Sinopec has drilled hundreds of wells across the country without finding a single drop of oil. But that was precisely the point: instead of black gold, the almost mile deep holes are providing clean heat for local homes.

While two-thirds of China's electricity is generated by coal, almost all of the homes in northern Hebei province's ...

(MENAFN - AFP) Morocco's key tourism sector barely grew last year amid security challenges, but operators are hoping Chinese and Russian visitors will boost their fortunes in the coming years.

While political turmoil and jihadist attacks have battered the sector in Egypt and Tunisia, Morocco registered 10 million visitors last year, according to the Moroccan Tourism Observatory.

That ...

(MENAFN - AFP) Increased Chinese spending on housing and hopes of an infrastructure bonanza in the US and India are driving a recovery in resources giants, analysts said, with major miners raking in huge profits.

A slowdown in the global economy, particularly in the world's top consumer China, and a supply glut hammered prices in recent years, pushing many firms to the brink ...

(MENAFN - AFP) Trying to raise the world's lowest birth rate is among the missions of South Korea's welfare ministry -- a challenge starkly illustrated when one of its own working mothers died at her office.

The 34-year-old woman was an elite employee who had passed the highest category of the highly competitive civil service entrance exams.

A mother of three, she had ...

(MENAFN - AFP) The United States has rekindled interest in ultra long-term debt, including possibly a rare century bond, to lock in the current very low borrowing rates.

"I think it's something that we should seriously look at," newly-installed US Treasury Secretary Steven Mnuchin said on Thursday.

He said he already has talked to Treasury staff about the possibility, ...

(MENAFN - AFP) In the rolling countryside of southwest England, farmer Charles Martell is tending to his rare breed of cattle while two of his dairy workers get to work making Single Gloucester cheese -- a British delicacy.

It has been two decades since Martell gained European Union protected status for his premium cheese, meaning it can only be made according to a pre-defined ...

(MENAFN - AFP) Mexico's foreign minister has warned the United States that his country will impose tariffs on US products if President Donald Trump taxes Mexican imports to finance a border wall.

"If Mexico is faced with this as a reality, not a rhetorical threat... the Mexican government will have to respond," Foreign Minister Luis Videgaray told Radio Formula on Friday.

"The ...

(MENAFN - AFP) Chinese electronics company TCL unveiled Saturday its first BlackBerry-licensed smartphone which brings back the device's signature physical keyboard as it seeks to revive the once mighty brand.

The KEYone phone has a larger screen than previous BlackBerry devices and a fast charging battery as TCL sets its sights on businesses and tries to rekindle BlackBerry's ...

(MENAFN - AFP) Antonio Marras sent Milan fashion week into a spin Saturday in a show climaxing with both the Italian designer and models dancing down the catwalk, a peppy dog at their heels.

The Sardinian designer unveiled an autumn-winter 2017 collection strong on floral patterns -- a theme taken to the zenith by models carrying potted plants down the runway with them.

The ...

(MENAFN - AFP) Billionaire investor Warren Buffett used his annual letter Saturday to laud immigrants and their contribution to the growth of the US economy amid President Donald Trump's anti-immigrant stance.

"Americans have combined human ingenuity, a market system, a tide of talented and ambitious immigrants, and the rule of law to deliver abundance beyond any dreams of ...

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