The Philippine coastguard called on its country’s fishing fleets to keep operating around the Scarborough Shoal (known as Bajo de Masinloc in the Philippines and Huangyan Dao in China) despite the large Chinese presence in the disputed South China Sea area.
Coastguard spokesperson Jay Tarriela said while Philippine government vessels can’t maintain a constant presence, they are committed to protecting the country’s fishing rights in what it sees as its Exclusive Economic Zone.
Country: Russia
Climate Graph of the Day: After a Rapid Increase, China’s Oil Demand May Have Peaked
After decades of ever-growing oil use, China's oil demand may have peaked this year, according to Chinese oil executives cited by FT. This has significant implications for countries from Angola to Russia to Brazil, which depend on selling oil to China.
China’s Two-Pronged Auto Export Strategy: EVs to the North, Gas-Powered to the South
Analysts are forecasting Chinese automakers will ship 5 million vehicles this year, solidifying the country's position as the world's largest auto exporter. But there's a stark discrepancy in terms of what kind of cars go where, according to Michael Dunne, one ...
Chinese Flag Mysteriously Appears at Protest in Niger
Russian flags have become a regular sight among supporters of military juntas that have thrown governments across West Africa this year -- but never a Chinese flag, until now. A bright red five-star Chinese flag mysteriously appeared at a protest in ...
Saudi Arabia to Boost Oil Sales to China Next Year
Saudi Arabia is preparing to increase oil shipments to China in 2024 to meet growing demand from a crop of new refineries that will come online next year, according to S&P Global Commodity Insights. While Russian sales are expected to remain strong ...
WEEK IN REVIEW: Russian President Vladimir Putin Will Reportedly Travel to China in October
Russian President Vladimir Putin will reportedly travel to China to attend the Belt and Road Forum in October, his first overseas visit since the ICC issued a warrant for his arrest on alleged war crimes. The Kremlin confirmed the Russian leader will not travel to India for next ...
Analysis from Cobus van Staden
Philippine Fishing Fleets Urged to Maintain Presence at Disputed Shoal as Tensions Build
No New Members Will be Added to the BRICS Bank, Says CFO
While the BRICS group itself will become larger at the conclusion of the ongoing leaders summit underway in Johannesburg, that is not the case for the bloc's bank known as the New Development Bank. "There will be no announcements this week,"
Key Policy Differences Emerge on Day 1 of BRICS Summit
Brazilian President Luiz Inácio Lula da Silva pushed back against the suggestion that the BRICS group should become an ideological opponent against the West. "We do not want to be a counterpoint to the G7, G20 or the United States," Brazil's Lula
Chinese Scholars: BRICS Is All About Confronting the West
Many Chinese scholars have weighed in on this week’s BRICS summit, and the framing of the discussion on Chinese-language platforms is revealing. Commentators tend to see the bloc's importance as mostly lying in how it directly confronts Western global primacy. This ...
The Real Reason to Pay Attention to BRICS
One of the few things about the upcoming BRICS summit in South Africa everyone can agree on is that it’s notable. But no one agrees why. What does the body’s possible expansion beyond its core members of Brazil, Russia, India, China, ...
Currencies, Old and New, Set to Top Agenda at Next Week’s BRICS Summit in Johannesburg
The idea of creating a brand new currency under the auspices of the BRICS countries is "ridiculous," according to the former Goldman Sachs economist who coined the acronym for the five countries. Jim O'Neil echoed the sentiments of a number of ...