Chinese President Xi Jinping plans to skip the BRICS Summit in Brazil next month, which, if confirmed, will be his first-ever absence from the meeting of the grouping of emerging economies since taking office 12 years ago, according to a media report. Xi will not attend the BRICS Summit in Rio de Janeiro, the Hong…
There are speculations that Brazil president’s invitation to PM Modi for a state dinner following the Brics Summit may have led China’s Xi to pull out read more In a first, Chinese President Xi Jinping might skip the upcoming Brics summit in Rio de Janeiro; and the speculations have already caused frustration among Brazilian officials….
Brazil’s President Luiz Inácio Lula da Silva cast China in a harsh light on Friday, assigning blame to Beijing, along with American and European companies, for practices that have allowed the country to pull off rapid technological advances. Discussing Brazil’s international relations in a radio interview, Lula said China has become a technological powerhouse by…
Catch up on some of SCMP’s biggest China and economy stories of the day. If you would like to see more of our reporting, please consider subscribing. 1. Chinese algorithm boosts Nvidia GPU performance 800-fold in science computing A high-performance algorithm that could solve complicated material design problems on consumer GPUs has been developed by…
RIO DE JANEIRO (AP) — Brazilian President Luiz Inácio Lula da Silva remains in intensive care in a Sao Paulo hospital but is getting better, doctors said in a statement on Wednesday. The 79-year-old leader underwent an unplanned surgery for a brain bleed in the early hours of Tuesday, after suffering from complications resulting from…
A look at the day ahead in U.S. and global markets from Mike Dolan Helped by a backup in U.S. Treasury yields, the dollar has rediscovered its mojo ahead of a wave of overseas interest rate cuts this week, with China’s markets giving only a hesitant welcome to Beijing’s new policy orientation. As Treasury debt…
(Bloomberg) — Brazilian markets wrapped up a turbulent week after a much vaunted plan to cut government spending came in well short of expectations, adding to angst over the country’s budget. Most Read from Bloomberg The package, detailed by Finance Minister Fernando Haddad on Thursday, sent the currency tumbling to an all-time low, and stocks…
All is not well under heaven. Tariff Man is back. China’s exports are, of course, Donald Trump’s primary target. But he is also turning his trade weapons of mutual destruction on its closest neighbours, Canada and Mexico. European leaders are worried the incoming White House will throw Ukraine under the bus. They cheer as the…
As Chinese President Xi Jinping inaugurated the US$3.5 billion Chancay port in Peru last week that promises to jump-start exports in the region and create a gateway to China, US Secretary of State Antony Blinken oversaw a ceremony just a few miles away to give US$6 million in 1980s diesel locomotives to the Andean nation….
Donald Trump’s election to a second term in the White House has signalled a break in multilateralism from Washington, if not the end of it. Expectations are the United States will prioritise trade wars over tariff reduction, fossil fuel development over renewable energy, and isolationism over unshrinking support for allies in conflicts. Still, there are…