Chinese President Xi Jinping is visiting Egypt for the first time in a decade, as Cairo looks to foster deeper economic and military ties with Beijing while maintaining its long-standing relationship with Washington. The visit comes as the US-Israel war on Iran and resulting disruption to global trade have prompted US allies in the region…
ANKARA, Sept 2 (Reuters) – NATO member Turkey would consider taking its relations with the China and Russia-led security bloc, the Shanghai Cooperation Organisation, to a higher level, President Tayyip Erdogan said on Wednesday. “Turkey’s prospect of (full) membership to the organisation does not imply a breakaway from any other bloc or from the West,” Erdogan…
ASHEVILLE, N.C. (AP) — Treasury Secretary Scott Bessent said Tuesday that 19 of the members of the G20 agreed to address streams of “cheap exports” that cause global economic imbalances, but China dissented. Bessent said that getting even 19 countries to agree to take on the problem was “incredible” and shows “the sheer the enormity…
HONG KONG (AP) — Shares in fast-fashion online retail giant Shein fell after they began trading on Hong Kong’s stock market Tuesday, after a long delay in the company’s plans to list its shares publicly. Shein raised about $1.7 billion, priced at HK$48.56 ($6.19) a share, in its initial public offering in Hong Kong in…
China, a key customer of Iranian oil, has advocated for a ceasefire, insisting US sanctions will not resolve the conflict. Published On 25 Aug 202625 Aug 2026 China has said that it would safeguard its interests after Washington unveiled new measures while laying out plans for the “economic asphyxiation” of Beijing’s economic partner Iran. Speaking…
TAIPEI, Taiwan (AP) — Taiwanese prosecutors charged nine people Monday, including one from Nvidia and two from Super Micro, for illegally exporting “high-end AI servers” to mainland China, adding another wave of turbulence in the AI rivalry between China and the United States. Under export controls, any sale by Nvidia of high-end AI servers —…
By Saurabh Sharma and Aftab Ahmed NEW DELHI, Aug 24 (Reuters) – Chinese President Xi Jinping is likely to attend next month’s BRICS summit in New Delhi with a large delegation, three sources said, in what would be his first visit in seven years and a fresh sign of a thaw between the rivals. India…
US President Donald Trump’s administration has said it aims to sever “every” economic lifeline sustaining Iran in what officials have warned will be the toughest sanctions campaign ever seen. The threat, if followed through, would mean putting China, Iran’s biggest trade partner, squarely in the crosshairs of US sanctions. Recommended Stories list of 4 itemsend…
White House report claims tens of billions of dollars in annual revenue lost to transshipments. Published On 14 Aug 202614 Aug 2026 US President Donald Trump’s administration has accused dozens of countries of helping China to illegally dodge United States tariffs, depriving government coffers of tens of billions of dollars in annual revenues. In a…
A new White House trade report says the Trump administration considers Canada among China’s “biggest enablers” in avoiding U.S. tariffs through transshipment, a “modern form of smuggling” that the U.S. claims is costing billions in lost tax revenue. The report released Thursday from the Office of Trade and Manufacturing Policy — titled “The Great Transshipment…