Remember “no blood for oil”? Decades ago, the slogan emblematized opposition to the U.S. invasion of Iraq. Its logic subsequently shifted as the United States experienced a gas and oil revolution thanks to fracking.
It has cycled back into relevance following the Trump administration’s invasion of Venezuela and the seizure of its oil, which, despite its carnivalesque tone, left at least 80 people dead. The Iran war has now ...
Category: Economy
Chinese Supertanker Routes Saudi Crude via Red Sea, Bypassing Hormuz
The Kai Jing, a Very Large Crude Carrier operated by China Merchants Energy Shipping, passed through the Red Sea's Bab el-Mandeb Strait on March 16 carrying 2.2 million barrels of Saudi crude—the first Chinese supertanker to bypass the Strait of Hormuz since its de facto closure on March ...
Trump Asks China to Delay Xi Summit as Iran War Rages
By Danny Kemp and Beiyi Seow U.S. President Donald Trump said Monday he had asked China to delay his summit with Xi Jinping by around a month while he deals with the war in the Middle East. ...
Vietnam Overtakes China and Mexico in U.S. Trade Surplus, Testing Washington’s Tariff Threats
Vietnam may soon be back in the crosshairs of the Trump administration after it overtook both China and Mexico in January as the country with the largest trade surplus with the U.S. A 53% surge in Vietnam's exports to the ...
Samoan Leader Calls out Great Power ‘Bullying’ as Hosts NZ Prime Minister
Samoa's prime minister condemned major powers "bullying" on Monday, a thinly-veiled swipe at the United States and China as he hosted New Zealand's leader for a rare state visit to the Pacific nation. New Zealand Prime Minister Christopher Luxon's trip ...
Panama Hopes China’s COSCO Will Resume Operations at Balboa Port, Minister Says
Panama's government hopes China's COSCO Shipping will reconsider its decision not to use the Balboa port at the entrance of the Panama Canal, the country's minister for canal affairs, Jose Ramon Icaza, said on Friday. Earlier this week, local newspaper La ...
Analysis from Cobus van Staden
China’s Leaders Project Stability Despite Middle East War
By Mary YANG China's leaders wrapped up nine days of annual legislative meetings in Beijing on Thursday, projecting an image of domestic stability seemingly unaffected by the war in key trading partner Iran. Officials ...
WEEK IN REVIEW: China Increased Oil Imports in January and February Amid Middle East Tensions
Singapore appointed DBS Bank as its second RMB clearing facility, and is facilitating the secondary listing of Chinese companies, reforms aimed at boosting trade and investment with China. The changes will make it easier for Chinese firms to raise capital, settle RMB transactions, and list shares in Singapore.
Apple Shifts More iPhone Production to India, but China Still Dominates Supply Chain
Apple is rapidly shifting some iPhone production out of China, with about 25% of its devices now assembled in India, according to a new report. Graph - Bloomberg
India Relaxes Investment Rules for China and Other Bordering Countries
India has relaxed some restrictions on foreign investment from countries with which it shares land borders—including China—marking a modest shift after years of tighter controls following the deadly 2020 border clash between the two countries. The move is seen as part ...
India Eases Investment Rules Amid Warming Ties With China
India on Tuesday relaxed foreign investment rules for land-bordering countries including China, the latest sign of warmer relations between New Delhi and Beijing. The cabinet said the changes would result in greater investment flows and boost "India's competitiveness as a preferred ...
China Pins Hopes on Society-Wide AI Push to Add Jobs, Rejuvenate Economy
By Laurie Chen China's scramble to adopt artificial intelligence will spawn new jobs and propel the world's second-largest economy, say policymakers and company executives, as they play down growing global fears that the technology could stunt employment.
China to Hand Over New ECOWAS Headquarters in Nigeria
China is preparing to hand over a newly built headquarters complex in Abuja, the capital of Nigeria, for the Economic Community of West African States (ECOWAS), a 15-member regional bloc that promotes economic integration and political cooperation across West Africa. The ...