President Trump is set to meet Chinese leader Xi Jinping in Beijing on May 14 and 15 for talks about trade, Taiwan and China’s relationship with Iran as the war in the Middle East enters its third month. It will be Trump’s second trip to China as president — and the first for any U.S….
A wave of bullishness is sweeping through Hong Kong’s real estate market. A report by S&P Global Ratings on May 5 said an “upside surprise” could materialise. One of the catalysts for a stronger-than-expected recovery was evidence of more competitive bids at residential land auctions in recent months. S&P said, “Hong Kong has become the…
Strait of Hormuz, a key energy trade waterway, continues to be in the center of the war between Iran and the United States even as the two countries scramble to find a way to end the conflict. While the US has repeatedly raised objections about Iran’s control over the Strait of Hormuz, which remains effectively…
Oil surged after US President Donald Trump rejected Iran’s latest response to his proposal to end the war in the Middle East, prolonging the effective closure of the crucial Strait of Hormuz. The International Energy Agency says the US-Iran conflict is causing the biggest supply shock in history. (Representational Photo/AFP) Brent crude futures advanced as…
By Nayera Abdallah, Elwely Elwelly and Idrees Ali DUBAI/WASHINGTON, May 11 (Reuters) – President Donald Trump’s swift rejection of Iran’s response to a U.S. peace proposal sent oil prices surging higher on Monday amid concerns the 10-week-old conflict will drag on, keeping shipping through the Strait of Hormuz paralyzed. Days after the U.S. floated an…
As the United States and Iran grapple to reach a deal to end the war for good as it enters its 11th week, Israeli President Benjamin Netanyahu said that war is far from over as there is a lot left to be done. Netanyahu remarks came amid stalled peace talks between the United States and…
President Donald Trump on Sunday said that US is closely monitoring Iran’s stockpile of enriched uranium, adding that Washington would know if anyone approached the site and will “blow them up.” President Donald Trump on Sunday said that US is closely monitoring Iran’s stockpile of enriched uranium, (Bloomberg) “We’ll get that at some point… We…
Iran’s response to the latest US peace proposal refuses to address its nuclear program — focusing instead on ending the fighting across the region, Iranian state media said Sunday. The regime’s counter-offer, which was fired off to Pakistani mediators, seeks to ensure the security of shipping through the Strait of Hormuz before starting talks on…
About 100 ships registered in Hong Kong or locally managed or owned are stranded in the Strait of Hormuz along with an estimated 2,300 seafarers, an industry leader has said. Richard Hext, chairman of the Hong Kong Shipowners Association, told the South China Morning Post on Friday that it was very risky to sail vessels…
In an unprecedented act of defiance, Beijing has ordered Chinese businesses to ignore the United States’ sanctions against Iran. Chairman Xi Jinping is due to meet President Donald Trump for personal talks in the coming days. And a lot has changed since their last Beijing soiree in 2017. Trade is a deeply entrenched battleground between…