(Bloomberg) — US Treasury Secretary Scott Bessent and China’s Vice Premier He Lifeng will lead talks on trade and other pressure points Sunday in New York ahead of next week’s summit between the leaders of the world’s two biggest economies. The negotiators will lay the groundwork for a high-profile meeting between President Donald Trump and…
Hong Kong has pledged to boost the share of zero-carbon energy in its electricity generation fuel mix to 30 per cent by 2030, up from the current 28 per cent – one of four binding environmental protection targets set out in the city’s first five-year plan on Wednesday. The binding goal aligns with existing climate…
Oil made Venezuela rich. For decades it helped fund a stable democracy with the highest living standards in Latin America. The country was pumping 3.4m barrels a day when Hugo Chávez, a left-wing populist, was elected in 1998 on a promise to redirect petrodollars to the poor. Instead, under his corrupt, incompetent regime, the flows…
With a sanctions waiver in place, India has in the last two months aggressively stepped up purchases of Russian crude oil. (AI image) In a U-turn on its earlier decision, the Donald Trump administration has extended the sanctions waiver on purchase of Russian crude oil at sea. The move comes two days after the earlier…
Hong Kong is set to announce on Monday a new batch of “strategic enterprises” establishing a presence in the city, including several firms with market capitalisations of up to HK$100 billion (US$12.8 billion), the finance chief has revealed. Writing in his weekly blog on Sunday, Financial Secretary Paul Chan Mo-po said the new partners were…
The Strait of Hormuz is a strategic route for global oil shipping. If the Strait of Hormuz were to close amid escalating regional conflict, the consequences would reverberate far beyond the Middle East. For China, the world’s largest energy importer, such a scenario would represent a serious strategic shock — not catastrophic, but substantial enough…
(Bloomberg) — Chinese investors hunting for the next artificial intelligence winners are looking beyond high-flying chipmakers to the utilities and metal producers that form the industry’s physical backbone. The shift toward the sector’s supply chain — from power generators to materials used in data centers — reflects growing concern over lofty valuations in pure-play AI…
BELÉM, Brazil, Nov. 11, 2025 /PRNewswire/ — The Report on State Grid’s Contribution to Global Security Initiative was released during the “Beautiful Bays, Better Lives” Ocean Ecological Civilization Storytelling Session held at the China Pavilion of the 30th UN Climate Change Conference. This marks the first contribution report by a Chinese central SOE on the implementation of…