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Iran’s friends don’t like the war decimating Tehran, but they’re not ready to join the fight against Israel and potentially the U.S. Instead, Russia and now China have urged deescalation, emphasizing the dangerous consequences the escalating conflict could have on the whole world. “If the Middle East is unstable, the world will not be at…
As one of the world’s frontrunners in promoting and regulating stablecoins, Hong Kong is the ideal place for China to develop offshore yuan-pegged stablecoins, which could contribute to internationalizing the redback, a top policy adviser said. “Stablecoins play a key role in today’s international monetary and financial landscape,” said Li Yang, chairman of the National…
NEW DELHI: In a sharp assessment of regional military dynamics, India’s Defence Secretary Rajesh Kumar Singh on Friday expressed surprise over US President Donald Trump‘s recent lunch meeting with Pakistan Army Chief General Asim Munir, calling it “an embarrassment” for a country where the military overshadows the civilian government.“It is surprising. It must be an…
China has “no fundamental conflict of interest” with New Zealand, President Xi Jinping told New Zealand Prime Minister Christopher Luxon in Beijing on Friday while calling for the constructive management of differences. “Both sides should adhere to mutual respect, seek common ground while acknowledging differences, and correctly view and manage their differences and disagreements,” Xi…
By Olivia Le Poidevin GENEVA (Reuters) -Israel’s ambassador to the United Nations in Geneva has raised “vehement objection” to Iran addressing the Human Rights Council ahead of talks with European counterparts in Geneva to try to de-escalate the conflict, according to a letter seen by Reuters. “Affording the Iranian foreign minister the floor before this…
The White House’s AI and crypto czar thinks that Huawei and other Chinese tech firms are pulling closer to U.S. capabilities than was previously thought, and is blaming the tight race on Biden-era policies. David Sacks, venture-capitalist-turned-government-official, believes overly strict trade regulations on U.S. hardware exports have made other countries more likely to turn to…
China’s financial authorities have granted Hong Kong residents a new daily remittance quota for the yuan, as a cross-border electronic transactions service prepares to kick off, linking 315 million users between the city and the mainland. Starting from noon on Sunday, the 17 million registered users of Hong Kong’s Faster Payment System (FPS) will be…
Russia launched an overnight drone assault on Ukraine, targeting the southern port city of Odesa and the northeastern city of Kharkiv, Ukrainian officials said Friday. The strikes ignited several fires, damaged residential buildings and left at least one person dead. Source link
I’m Malcolm Scott, international economics editor in Sydney. Today we’re looking at China’s property drag. Send us feedback and tips to ecodaily@bloomberg.net. And if you aren’t yet signed up to receive this newsletter, you can do so here. Source link
HOUSTON (KIAH) – A 16-year-old is back in custody after escaping from a Houston METRO police interrogation room in downtown Houston while still in handcuffs. Authorities said Thursday afternoon that the teen was being questioned about the shooting of a woman at a Houston METRO bus stop. He slipped away but was captured just over…