Month: May 2025
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Iraq Signs Mega-Energy Deal With Chinese Oil Firm
Iraq signed a major energy deal Wednesday with a Chinese petrol company in the southern province of Basra, aiming to boost oil production and build a refinery and electricity plants. China has gained a major foothold in oil-rich Iraq in recent ...
As Bolt and Uber Dominate, Kenyan Startup Pushes Local Alternatives
Ride-hailing in Africa has long been dominated by global giants like Uber and Bolt—especially in Kenya, East Africa’s tech innovation hub. But as the electric vehicle movement gathers momentum, a new wave of local startups ...
Chinese Battery Giant’s Splashy IPO Highlights New Energy Tensions
Shares in Contemporary Amperex Technology Co. (CATL) surged after the world’s largest maker of batteries made an eye-popping initial public offering (IPO) in Hong Kong. Stocks in the world’s largest battery-maker are up by 16% after it raised $4.6 billion in the world's largest share listing this ...
China to Host Pacific Island Leaders, Seeking Closer Ties
China's top diplomat will host leaders from Pacific Island nations next week for a summit, Beijing announced on Wednesday, as it seeks closer ties with the strategic region. Leaders and diplomats from 11 Pacific Island nations, including Kiribati, Solomon Islands, Papua ...
Foxconn to Expand India Focus With $1.5 Billion Investment
Key iPhone maker Foxconn is making a $1.5 billion investment to expand its focus on India as Apple looks to mitigate geopolitical and tariff risks by shifting production away from China. The Taiwanese tech giant said its Singapore-based subsidiary had picked ...
China Says It Backs Pakistan in Defending ‘Sovereignty’
China said on Tuesday it supports Pakistan in defending "national sovereignty and territorial integrity", after a ceasefire ended four days of fighting with India over a deadly attack in Kashmir. Chinese foreign minister Wang Yi said China welcomed the two countries ...
Leasing, Swapping, Surviving: Kenya’s Startups Hack the EV Tax Trap
E-mobility startups in Kenya are rethinking how to do business in a country where prohibitive taxes are slowing the adoption of electric vehicles. To stay afloat—and expand—companies like Rideence and Ebikes Africa are leveraging Chinese electric vehicle (EV) technology while building creative business models around ...
Thailand 2025 Growth Slashed Amid China Slowdown, U.S. Tariffs
Thailand’s economic planning agency sharply lowered its 2025 GDP growth forecast amid global trade tensions, weak domestic demand, and a slowdown in Chinese tourism. The National Economic and Social Development Council (NESDC) on Monday revised Thailand’s 2025 growth forecast to ...
Chinese EV Battery Giant CATL Shares Surge in Hong Kong IPO
Contemporary Amperex Technology Co. Ltd. (CATL), the world’s largest EV battery manufacturer, saw its shares surge more than 16% during its debut on the Hong Kong Stock Exchange on Tuesday, following a $4.6 billion initial public offering (IPO). The listing ...
Is China Reviving WWII-Era Base Near India-Bangladesh Border?
Rumors are circulating in the Indian press that China is working with Bangladesh to refurbish a military base close to the Siliguri Corridor, the narrow and strategically fraught region between Bangladesh and Nepal connecting to the country’s northeast states. The ...
Is China Reviving WWII-Era Base Near India-Bangladesh Border?
Rumors are circulating in the Indian press that China is working with Bangladesh to refurbish a military base close to the Siliguri Corridor, the narrow and strategically fraught region between Bangladesh and Nepal connecting to the country’s northeast states. The ...
Pakistani FM Visit to China Could Raise Indian Anxieties
Security will likely feature prominently during Pakistani Foreign Minister Ishaq Dar’s visit to China. Dar will be in China until Wednesday, his first foreign trip since Pakistan’s recent conflict with India. He will meet with his Chinese counterpart, Wang Yi, and ...