Day: April 12, 2023
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U.S. Counts on Tech Firms Like Nvidia and Apple to Improve Its Standing in Vietnam
The United States is laggard when it comes to foreign investment in Vietnam, not even among the top ten and far behind countries like South Korea, Japan and China. But that may soon change as more U.S. tech companies like Nvidia ...
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Xi Lands in Vietnam, Hanoi Expected to Join to China’s Common Destiny Agenda
Chinese President Xi Jinping landed in the Vietnamese capital Hanoi on Tuesday to begin a high-profile two-day visit that is laced with geopolitical symbolism. Xi was greeted at the airport by Prime Minister Phạm Minh Chính who accompanied the president across town to ...
Diplomatic Jousting Escalates After Dangerous China-Philippines Quarrels in South China Sea
China and the Philippines are amplifying their criticism of each other after a weekend of dangerous run-ins in the South China Sea. Incidents on Saturday and Sunday were among the most confrontational in what has been a busy year of encounters ...
China Hosts Saudi Investment Event as Oil Buys Slump
China is hosting an investment conference focusing on Saudi Arabia on Tuesday. The event will coincide with a visit to Beijing by Saudi Arabia’s Investment Minister Khalid Al-Falih. The event will focus on enhancing cooperation in fields like clean energy, finance, and ...
Examining New Data on Chinese Foreign Direct Investment across the Wider Mediterranean Region
Chinese foreign direct investment (FDI) in the Mediterranean region grew by 5% in 2022 but differed by region. While the Middle East accounted for the bulk of the increase, southern Europe and North Africa suffered investment slumps. This is the key ...
Imported sulphur is seen at a port in Nantong, Jiangsu province, China March 22, 2018. Picture taken March 22, 2018. REUTERS/Stringer
By Andy Home The Iran war has already caused turmoil in the global aluminum market, but now the fallout is spreading to both copper and nickel supply chains. The conduit is sulfur, a by-product of the Gulf's oil ...
China Willing to Compromise in Debt Stand-off With World Bank and Other International Creditors, Say Reports
Chinese negotiators are reportedly making progress in talks with other major international creditors to break the ongoing impasse that's blocking debt relief for a number of poor developing countries, particularly in Africa. Both the Wall Street Journal and Reuters quoted unnamed sources on ...
Lots of Talk, Little Action: Zambia’s Debt Relief Process Remains Stalled Says Finance Minister
Zambia's Finance Minister Situmbeko Musokotwane said it's urgent that the country's international creditors finalize a debt restructuring deal at once, or else a $188 million IMF emergency financial package could be at risk. Musokotwane expressed frustration in an interview with ...
Kenya Now in the Grip of Worsening Debt Crisis, President Rules Out Default
Kenya's public employees are threatening to go on strike unless the government pays their overdue salaries. Civil servants did not get paid last month due to a financial crisis brought on by the country's ballooning debt that's now fast closing in on ...
Pirates Seize Chinese-run Oil Tanker in the Gulf of Guinea
Pirates took command of a Chinese-operated oil tanker this week 300 kilometers off the coast of Ivory Coast in the Gulf of Guinea, according to a London-based risk management company. Details about how many crew are being held captive and how ...
Chinese Analysts Warn New U.S., Philippines Security Plan Will Escalate Tensions in the Pacific
The United States and the Philippines agreed to a new long-term plan that will pave the way for a major increase in U.S. security assistance to the Southeast Asian country over the next five to ten years. The deal was ...
Advice for African Leaders on How to Manage Newfound Lithium Wealth in the Era of Great Power Competition
Lithium production in Africa is expected to jump fourfold in the next ten years as demand surges for the metal needed to build batteries for electric vehicles. While that may produce another resource boom in some countries, it also presents unique challenges, ...