Australia, Japan, and the U.S. on Sunday committed to closer military cooperation in training their forces as the countries deepened their ties in a bid to counter China’s military strength. Australia’s Minister of Defense Richard Marles hosted his counterparts for the trilateral ministers’ meeting- the first to be held in Australia. (AGENCE FRANCE-PRESSE)
Chinese oil buyers have sharply cut back purchases of Angolan crude in response to the slowing economy. December buys are down by a third, prompting Angolan producers to scramble to find alternative markets, which hasn’t been easy given that European buyers are also sitting on the sidelines. (BLOOMBERG)