Tag: United States
Related Posts
New Development Bank Moves Forward With Local Currency Bonds in Bid to Reduce Dependence on the U.S. Dollar
The Shanghai-based New Development Bank, aka the BRICS Bank, said it is proceeding with plans to issue bonds and lend more money in local currencies as part of a larger effort to reduce reliance on the dollar. “We expect to lend ...
Xi Jinping Will Cover Many Bases During His Visit to South Africa
China’s President Xi Jinping's visit to the BRICS summit also includes an official state visit to South Africa on Tuesday. Both governments emphasized their long relationship (this year marks 25 years of diplomatic ties) and said they want to deepen their comprehensive strategic partnership.
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, ...
Europe Needs a Reality Check to Remain Relevant in a Multipolar World
By Lukas Fiala The recent military coup in Niger was widely interpreted as the latest blow in a series of setbacks for Europe in Africa. After French disengagement yielded space to Russian mercenaries across the Sahel, it’s hard not to see the ...
China Importing Record Volumes of Sanctioned Iranian Oil
China is importing a record amount of Iranian crude, easily circumventing U.S. sanctions expressly designed to restrict such trade, according to new findings by the data intelligence firm Kpler. Iranian oil sales to China have jumped this year from an average ...
Pivot to Asia: Why the Near Abroad is Now China’s Top Priority
For much of the past 20 years, China sought to radically expand its presence beyond its traditional spheres of influence to new regions in Africa, the Americas, and the Middle East. China lent billions to countries in these regions and devoted ...
Cobalt: Why This Chart Can Spark Both Fear and Happiness
If you're the Chief Financial Officer of an automaker like the Ford Motor Company that loses money on every single electric vehicle it sells, the fact that this chart lists the price of cobalt at around $17 will make you smile. ...
Japan Moves to Build China-Free EV Battery Supply Chain
Nishimura Yasutoshi, Japan's economy and industry minister, spent last week crisscrossing southern Africa on a five-nation tour at the behest of his country's auto industry that is looking for new supplies of the raw materials needed to power electric vehicles. Japan, like ...
China and the Philippines Navigate Tricky Mix of Warm Economic Ties and Icy Politics
While the dispute between China and the Philippines around territorial claims in the South China Sea keeps escalating, economic relations between the two are “business as usual.” However, the growing disagreement could cause economic complications for Manila. The current fight centers around a WWII-era warship, ...
Tensions Surge Between China and the Philippines Over WWII Warship at the Center of Territorial Dispute
The Philippines Department of Foreign Affairs (DFA) immediately dismissed China's call to remove a decommissioned World War II-era warship, the BRP Sierra Madre, from a disputed shoal in the South China Sea that Manila claims is anchored well within the country's territorial waters.
Some 40 Countries Want to Join the BRICS Group, But Not Mexico, Says President
Applying to join the BRICS club has become increasingly fashionable among developing countries, with 40 states expressing interest in becoming a member of the China-initiated club -- but not Mexico. President Andrés Manuel López Obrador said on Tuesday that he has nothing ...
China Demands the Philippines Remove WWII Wreck
The government of the Philippines summoned the Chinese ambassador to account for an incident earlier this week in which a Chinese coast guard vessel sprayed a Philippine fishing boat with a water cannon. Meanwhile, Beijing is demanding that the Philippines tow away BRP ...