Month: April 2025
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Panama Canal Port Operator Calls Audit Claims ‘Contrary to Reality’
The Hong Kong firm in charge of two key Panama Canal ports rejected on Wednesday an audit that said it had failed to pay the $1.2 billion due under its concession. Panama Ports Company (PPC), a subsidiary of Hong Kong conglomerate ...
BYD Goes on the Offensive in South Africa With the Launch of Three New Models
Chinese auto major BYD is moving aggressively to expand in the South African market with the launch of three new models this week, including their full-size electric pickup, a hybrid SUV, and an all-electric sedan. South Africa is an alluring market ...
Offshore Trading of China’s Currency Sinks to Historic Low, Presenting Yet Another Problem for Developing Countries
China’s offshore yuan fell to an all-time low against the U.S. dollar on Tuesday as trade tensions between the United States and China escalated after days of turmoil over tariffs. The offshore yuan, which is circulated outside mainland China and is ...
U.S. to Vietnam: “Zero Tariffs, That Means Nothing to Us,” It’s Chinese Transshipments That Are the Main Focus
Vietnam is desperately trying to stave off a potentially devastating 46% tariff on all exports to the United States that will on Wednesday. Communist Party General Secretary Tô Lâm appealed to U.S. President Donald Trump personally last week for a 45-day implementation delay in the hope that will ...
Malaysia Says to Host China’s Xi From April 15
Malaysia's government announced Wednesday it will host Chinese President Xi Jinping for a three-day visit next week, as the two countries grapple with tariffs imposed by the United States. The state visit will go from April 15 to 17, Communications Minister ...
The Fate of China’s Global Supply Chains in the New Tariff Era
With new tariff threats from the Trump administration and rising tensions across key markets, companies and governments alike are scrambling to understand what decoupling—or de-risking—actually looks like in practice. From electronics and apparel to solar panels and electric vehicles, China’s ...
Philippines Adds Speedy Warship to Maritime Arsenal
The Philippines took possession of the first of two corvette-class warships with "advanced weapons and radar systems" on Tuesday as it faces growing pressure from Beijing in the disputed South China Sea. The arrival of the 3,200-ton BRP Miguel Malvar is ...
Offshore Yuan Hits Historic Low on U.S.-China Trade Tensions
China's offshore yuan fell to an all-time low against the U.S. dollar on Tuesday as trade tensions between the United States and China escalated after days of turmoil over tariffs. The offshore yuan, which is circulated outside mainland China and is ...
U.S. Will Not Let China Disrupt Panama Canal: Pentagon Chief
By María Isabel Sánchez The United States will not allow China to jeopardize the operations of the Panama Canal, U.S. Defense Secretary Pete Hegseth warned during a visit to the Central American nation on Tuesday. ...
Indonesia Eyes U.S. Market Share from China and Others, Offers Trade Concessions to Trump’s Tariffs
Indonesia is moving quickly to convince Washington it’s not the problem — announcing trade concessions, cutting import duties on American goods, and signaling it’s open to buying more. All this was done to defuse tensions with U.S. tariffs about ...
Philippines Deploys New Warship to Bolster Strength Amid South China Sea Tensions
The Philippines has taken delivery of a new guided missile corvette from South Korea — a move that Manila says is a key step toward building a more self-reliant defense. Amid China’s growing maritime assertiveness, the
China Urges U.S. to Show ‘Sincerity’ in Iran Nuclear Talks
China urged the United States on Tuesday to show "sincerity" in nuclear talks with Iran, a day after Washington and Tehran made the shock announcement that high-level discussions would take place this week. President Donald Trump said that the U.S. would ...