Singapore Foreign Minister Vivian Balakrishnan (left) speaks with CNBC’s Steve Sedgwick at the CONVERGE LIVE event on April 22, 2026. CNBC Should a war break out between China and the U.S. in the Pacific, “what you are seeing in the Strait of Hormuz will be a dry run,” Singapore Foreign Minister Vivian Balakrishnan said Wednesday….
The logo for Victory Giant Technology is seen at the Hong Kong Exchanges and Clearing Limited (HKEX) In Hong Kong on April 21, 2026. Peter Parks | Afp | Getty Images Shares in Victory Giant Technology surged as much as 60% on Tuesday, after the Chinese company’s blockbuster initial public offering — the biggest in Hong…
The escalating standoff over the critical choke point threatened to deepen the energy crisis roiling the global economy and push the two countries toward renewed conflict, even as mediators expressed confidence that a new deal was within reach. The strait is closed until the U.S. blockade is lifted, Iran’s Revolutionary Guard navy said Saturday night….
The U.S. blockade of the Strait of Hormuz is adding strain to Washington’s relations with China and India, as Beijing hardens its rhetoric and New Delhi faces rising energy risks. Getty The U.S. blockade of the Strait of Hormuz is not only squeezing Iran but also ratcheting up pressure on two of its most consequential…
BEIJING — China’s ties with countries such as Iran and Russia have raised expectations of a bigger diplomatic role, but Beijing remains focused on protecting its own domestic interests, including global exports. That stance underpins Beijing’s circumspect acknowledgment of reports that it pushed Iran toward this week’s temporary ceasefire. A New York Times report cited…
WASHINGTON (AP) — The Iran war is darkening the outlook for the world economy — whether or not a fragile ceasefire holds, the head of the International Monetary Fund warned Thursday. IMF Managing Director Kristalina Georgieva said the fund will downgrade its forecast for the world economy next week. “Had it not been for this…
CHONGQING, CHINA DECEMBER 17: A man wearing a chef uniform looks at his mobile phone as he walks past a large illuminated KFC logo at a restaurant on December 17, 2025, in Chongqing, China. (Photo by Cheng Xin/Getty Images) Cheng Xin | Getty Images News | Getty Images Electric vehicle giant BYD announced Wednesday that…
China is focusing on large language models in the artificial intelligence space. Blackdovfx | Istock | Getty Images Chinese semiconductor firms have reported record revenue last year driven by AI demand, a shortage of memory chips and U.S. export restrictions that have pushed Beijing to bolster its homegrown tech industry. Analysts and the companies themselves…
A Nike logo is displayed at a Nike store in Austin, Texas, Feb. 5, 2026. Brandon Bell | Getty Images Shares of Nike fell in extended trading Tuesday after the retailer warned sales will fall for the rest of the calendar year, led by an expected 20% decline in its key China market during the…
CHONGQING, CHINA – JANUARY 07: In this photo illustration, the Manus logo is displayed on a smartphone screen, with the Chinese national flag visible in the background, on January 7, 2026 in Chongqing, China. Cheng Xin | Getty Images News | Getty Images Tech circles from Silicon Valley to Shenzhen buzzed when Meta acquired Manus,…