Month: December 2024
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Lourenço Says He Would Not Take a Another Resource-for-Infrastructure Deal With China
Over a twenty-year period beginning in 2002, Angola borrowed a staggering $45 billion from China, accounting for a third of all Chinese lending on the continent. The Angolan government still owes Chinese creditors an estimated $17 billion and restructured a large ...
QatarEnergy Inks Gas Supply Deal for China With Shell
Qatar has agreed to supply three million tonnes of gas a year to China in a deal with London-headquartered energy giant Shell, the emirate's state energy company said on Monday. The liquefied natural gas deliveries would begin in January as part ...
China Accuses Philippine Ships of ‘Illegally Gathering’ at Disputed Reef
China on Monday said it had taken "control measures" against Philippine ships it accused of "illegally gathering" near a disputed reef in the South China Sea. "Recently, several Philippine ships... illegally gathered under the pretense of fishing in the waters near ...
Indonesia Still Does Not Recognize China’s Sea Claims: Minister
Indonesia still does not recognize Beijing's claims in the South China Sea, Foreign Minister Sugiono said Monday, seeking to dismiss concerns that a recent joint statement with China could jeopardize its sovereignty. The Southeast Asian nation sparked reactions last month as ...
China Says Supports Syria in Efforts to Restore ‘Stability’
China on Monday said it "supports Syria's efforts to maintain national security and stability" after a shock rebel offensive saw government forces lose control of Aleppo. "China is willing to make positive efforts to prevent further deterioration of the situation in ...
“I Really Don’t Get It,” Says Top Currency Scholar in Response to Trump’s Threat to Retaliate Against a BRICS Currency
Donald Trump's threat to retaliate against BRICS countries if the bloc moves forward with a plan to introduce a new currency prompted a lot of head-scratching over the weekend among analysts, who said the president-elect's announcement was baffling. President-elect Trump was ...
Malaysia Warns Chinese Firms: Don’t Use Us to Dodge U.S. Tariffs
Malaysia urged Chinese companies to avoid using the country as a base to evade U.S. tariffs. “Over the past year or so... I have been advising many businesses from China not to invest in Malaysia if they were merely thinking ...
Philippine President Says Russian Submarine Spotted in South China Sea is ‘Worrisome’
Philippine President Ferdinand Marcos on Monday described as "very worrisome" the presence of a Russian attack submarine off the country's coast in the disputed South China Sea. The UFA 490 submarine was spotted 148 kilometres west of Cape Calavite on Thursday, ...
China–India Pact a Borderline Solution
After four years of a warlike atmosphere on the disputed China–India border, Beijing and New Delhi reached an agreement to continue patrolling the border as they had been doing until 2020. Though the pact serves the strategic, economic and diplomatic interests of both sides, it only has ...
With Angola Trip, Biden Fulfills His Promise to Visit Sub-Saharan Africa
By Aurélia End Outgoing U.S. President Joe Biden is headed to the southern African country of Angola this week, fulfilling a key promise in a bid to shore up ties with the continent. Biden, who ...
Trump Threatens 100% Tariff on BRICS Countries Over Currency Plans
President-elect Donald Trump on Sunday threatened to impose a 100 percent tariff on the BRICS group nations if they undercut the U.S. dollar. "We require a commitment... that they will neither create a new BRICS Currency, nor back any other Currency ...