China’s top diplomat Wang Yi called for “joint resistance” to decoupling in the face of US-led restrictions while also urging “extraterritorial nations” not to “incite confrontation” in the Asia region. Addressing the United Nations General Assembly on Saturday, the Chinese foreign minister issued a strong rebuke of hegemony and trade protectionism as he championed an…
A Brazilian judge locked in a legal row with X owner Elon Musk on Friday said he would reinstate the social network in Brazil if a fine of around $1.8 million was paid. Supreme Court Justice Alexandre de Moraes last month ordered X to be shut down in Brazil, after Musk refused to remove dozens…
SAO PAULO (Reuters) – The sales of new fully electric or hybrid cars in Brazil are expected to surpass sales of vehicles run on combustion engines in 2030, a study released on Friday by automakers association Anfavea showed. WHY IT’S IMPORTANT Brazil is the world’s eighth-largest car producer, and the sixth-largest domestic market by sales,…
China and Brazil on Friday sought to advance their long-standing bid to mediate peace between Russia and Ukraine on the sidelines of the United Nations General Assembly, a diplomatic effort marked by broad objectives yet few specifics. Chinese Foreign Minister Wang Yi voiced hope that the international community would convene a peace conference with a…
To get John Authers’ newsletter delivered directly to your inbox, sign up here. The last few days have been an exercise in game theory. What were the main motivations for the Federal Reserve, and would that prompt them toward a cut of 0.25% or 0.5% in the fed funds rate? We have our answer, and…
Federal Reserve Chair Jerome Powell announces interest rates will remain unchanged during a news conference at the Federal Reserves’ William McChesney Martin Building in Washington, D.C., on June 12, 2024. Kevin Dietsch | Getty Images A flurry of major central banks will hold monetary policy meetings this week, with investors bracing for interest rate moves…
We have selected seven stories from this week’s news across Hong Kong, mainland China, the wider Asia region and beyond that resonated with our readers and shed light on topical issues. If you would like to see more of our reporting, please consider subscribing. 1. Must have experience: impossible catch for pressured Chinese students seeking…
Russian President Vladimir Putin Thursday said he was constantly in touch with India, China and Brazil over the Ukraine war, adding these countries were making efforts to resolve the conflict. An agency report from Vladivostok quoted him as saying these countries could potentially act as mediators.“If there is a desire of Ukraine to carry on…
The conflict between Elon Musk and Brazil’s judiciary has intensified over recent months, centred around issues of free speech, content moderation, and judicial overreach. Supreme Court Justice Alexandre de Moraes banned X recently. While it had minimal impact on Brazil’s business, Brazil is a significant market in terms of user base. Musk chose to close…