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China Floats Ideas for “Multipolar” Currency System to Balance U.S. Dollar

China announced several new initiatives aimed at increasing global trade in the yuan and to hedge against the dominance of the U.S. dollar. Pan Gongsheng, the governor of the People’s Bank of China, proposed a future where the global financial system would rely on several currencies.

WEEK IN REVIEW: Russia, China Plan Joint Military Drills 2025

Russian President Vladimir Putin reportedly said on Wednesday that Russia is planning joint military exercises with China in 2025. No details about the date and nature of the exercises were released. China and Russia last held joint exercises in September 2024 off Russia’s eastern coast. (REUTERS) ...

Malaysia Verifying Report of Chinese Firm Bypassing U.S. Tech Curbs

Malaysia's government is verifying media reports that a Chinese company may be circumventing U.S. export curbs on high-end AI chips by using servers housing Nvidia chips based in the Southeast Asian country. The Wall Street Journal reported that Chinese engineers had ...

China Eases Transit Rules for Indonesians. Jakarta Should Push for More.

China’s recent inclusion of Indonesia in its 240-hour visa-free transit program is a notable, if not entirely surprising, development. While Indonesia is now among the 55 countries benefiting from this arrangement, the move signals a step forward in the broader relationship between the two nations. For ...

China Fears Israel-Iran Conflict May Get ‘Out of Control’

Chinese Foreign Minister Wang Yi said Wednesday his country was concerned that the conflict between Israel and Iran "may get out of control", warning that the region could slide into an "abyss." Israel and Iran exchanged fire again on Wednesday, the ...

Analysis from Cobus van Staden

Looking Beyond “Useful Africa” at the Mining Indaba

With U.S.-South Africa ties in the deep freeze, it was notable to see the sheer size of the U.S. delegation sent to this week’s Mining Indaba in Cape Town – one of the most prominent industry gatherings and one of the few where the Global South gets a prominent voice.
The Trump administration’s famous Afrophobia seems (momentarily at least) tempered by its greed for minerals. It is reportedly walking ...

New Zealand Halts Aid to Cook Islands Over China Deals

New Zealand's government halted aid to close partner the Cook Islands on Thursday because of a row over agreements the Pacific island nation struck with China. New Zealand "paused" the payments and would not resume them until the Cook Islands took ...

Bolivia Risks Debt Default Without New Funding, Says President

Bolivia, battling an economic crisis that has plunged it into social unrest, risks defaulting on its loan payments if it does not obtain new foreign financing, President Luis Arce told AFP on Wednesday. "We are trying not to default. We have ...
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