China and India reduce their Russian oil purchases following Trump’s sanctions on Rosneft and Lukoil
China and India have started to reduce their purchases of Russian crude oil following President Trump’s sanctions on two major exporters from Russia, which were announced on Wednesday. According to Reuters, on Thursday, several Chinese state-owned oil companies, including PetroChina, Sinopec, CNOOC, and Zhenhua Oil, halted their seawater purchases of Russian crude. They cited a […]
China Declines to Congratulate Japan’s Conservative Prime Minister and Instead Advises Her on Taiwan
China Comments on Japan’s New Prime Minister On Thursday, China’s Foreign Ministry remarked on Japan’s muted reaction to the election of its first female prime minister, the hard-line conservative Sanae Takaichi. They deemed Japan’s response “appropriate,” although they noted that her calls for Taiwan’s support and alignment with Communist Party perspectives might stir some concerns. […]
Australian Dollar rises after Trump’s positive remarks on possible agreements with China.
The Australian dollar (AUD) slipped against the US dollar (USD) on Thursday as traders became more cautious with the upcoming US inflation report for September looming. This situation is occurring amid a data blackout, which adds to the uncertainty. However, the Aussie received a bit of a boost when US President Donald Trump expressed optimism […]
Congress Takes a Stronger Stance on Russia with New ‘State Sponsor of Terror’ Bill, Criticizes China Alongside
The Senate Foreign Relations Committee unveiled three bipartisan bills on Wednesday intended to impose stricter measures on Russia and its allies, nearly three years after the Russian invasion of Ukraine. If these bills pass in the Senate, they would label Russia as a state sponsor of terrorism, penalize China for its involvement in the conflict, […]
Understanding the rivalry between the US and China
High Hopes for Upcoming U.S.-China Summit There’s a lot of anticipation building up for the upcoming summit between President Trump and Chinese President Xi Jinping scheduled for late October in Korea. Many people are hoping that this meeting might help ease tensions and stabilize the often fraught U.S.-China relationship amid the ongoing trade conflicts. Yet, […]
China accuses the US of a cyber operation aimed at its national timekeeping system.
Allegations of Hacking Between US and China Heat Up China’s intelligence agency has made serious accusations against the US National Security Agency (NSA), claiming it has been hacking into the National Time Service for about a year. This system is crucial for Beijing, as it supports various sectors like telecommunications, finance, and defense. According to […]
Pound Sterling continues to weaken against the US Dollar as tensions between the US and China lessen.
GBP Continues Decline Against USD The British pound (GBP) experienced its third consecutive day of losses against the US dollar (USD) on Tuesday, dropping to approximately 1.3370. This decline came as the US dollar gained strength, fueled by increased optimism regarding a potential trade agreement between the US and China. As of now, the US […]
US cautions China as Trump administration intensifies efforts in manufacturing and mineral production
U.S.-China Trade Relations: Latest Developments U.S. Trade Representative Jamison Greer recently shared some insights on the ongoing trade discussions between the U.S. and China, alongside President Trump’s upcoming conversation with Xi Jinping. The United States has raised concerns over what it perceives as China’s latest effort to exert pressure on foreign businesses that are investing […]
China Starts Offering Money to Encourage Women to Have Babies
On Monday, a report from China’s state-run Global Times indicated that starting November 1, authorities in 25 provinces will begin providing “maternity benefits” to women. Essentially, this move comes after exhausting different strategies to tackle the nation’s declining birth rate; they will now incentivize women to have children. The newspaper noted that since September, regions […]
New iPhone 17 sales surpass older model in US and China, raising stock to record level
The newly released iPhone 17 series has surpassed its predecessor in sales within the first week of its launch in the US and China. Apple’s stock jumped over 4% on Monday, reaching record heights and bringing the company’s valuation closer to a staggering $4 trillion. Launched in September, the iPhone 17 series outsold the iPhone […]