Day: October 30, 2024
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Brazil’s BRI Rejection a Setback for China
After years of dithering, Brazil will reportedly not join China’s trillion-dollar connectivity project, the Belt and Road Initiative (BRI.) President Luiz Inácio Lula da Silva’s special presidential advisor on International affairs, Celso Amorim, told O Globo newspaper that Brazil wants to advance its relationship with China without ...
Prabowo’s ‘Good Neighbor Policy’ in Action: Indonesia Pursues BRICS
Indonesia's recent decision to pursue full membership in BRICS—a coalition of major emerging economies including Brazil, Russia, India, China, and South Africa—has stirred significant discussion amid an evolving geopolitical landscape. During the recent BRICS Plus Summit in Kazan earlier this month, Foreign Minister Sugiono officially expressed ...
Heightened Competition in the African Phone Market Weighs on Transsion Profits
Shenzhen-based mobile phone giant Transsion Holdings has dominated the African market for over a decade, outpacing Samsung, Apple, and a handful of other Chinese brands. But now, the maker of Tecno, Itel, and Infinix brand phones say their rivals are catching up and hammering the company's profits. ...
U.S. Welcomes India, China Efforts to Lower Border Tensions
The United States on Tuesday welcomed efforts by India and China to resolve border tensions, after they recently agreed on ways to step back from their deadly 2020 confrontation. "We understand that both countries have taken initial steps to withdraw troops ...