China’s stocks fell for the first time this week, as investors struggle to find a catalyst for powering the trading pause in many global markets during the Christmas holiday week. The CSI 300 Index, which tracks 300 of the largest stocks in Shanghai and Shenzhen, slid 0.2 per cent to 3,976.53 as of 9.56am local…
President-elect Donald Trump made claims about the history of U.S. tariff collection as he defended his plan to raise tariffs on goods from countries like China and Mexico in a news conference this week, claims historians say are at odds with the facts. In particular, Trump exaggerated the impact of tariff hikes during his first…
With South Korean President Yoon Suk-yeol’s impeachment looking more likely, analysts say there is a higher chance of the main opposition party rising to power – and it could take a more “conciliatory approach” to China. But they had mixed views on how Seoul’s foreign policy and its relations with Beijing – which are in…
China has submitted a copy of the geographic coordinates and nautical charts for sea territory surrounding Scarborough Shoal with the United Nations, a move experts said followed international practice but could be challenged by the US’ incoming Trump administration. On Monday, Geng Shuang, China’s deputy permanent representative to the UN, submitted the statement regarding the…
Wall Street 2025 stock forecasts have a new high-water mark. Wells Fargo equity strategist Christopher Harvey and his team issued a 2025 year-end target of 7,007 on Tuesday, the highest target among Wall Street strategists tracked by Yahoo Finance and a forecast that suggests the S&P 500 (^GSPC) could rise more than 26% next year….
U.S. President-elect Donald Trump is widely expected to withdraw from the Paris Agreement treaty on climate change after he takes office January 20. China also is a party to the agreement. However, Beijing has long argued that it is not wealthy enough to be forced to provide similar financial assistance that Washington donates to the…
US President-elect Donald Trump demanded on Saturday that BRICS member countries commit to not creating a new currency or supporting another currency that would replace the United States dollar or face 100% tariffs. “The idea that the BRICS Countries are trying to move away from the Dollar while we stand by and watch is…
Kash Patel: ‘The man who will do anything for Trump’ US President-elect Donald Trump has appointed his loyalist Kashyap ‘Kash’ Patel as the head of the Federal Bureau of Investigation (FBI). With this appointment, Patel becomes the second Indian-American to be included in his cabinet.Posting on Truth Social, Trump stated that Indian-American Kash would work…
The nomination of Kashyap “Kash” Patel as Federal Bureau of Investigation director by US President-elect Trump has sparked strong reactions — supporters are cheering up for him while critics are in a panic. The selection suggests significant transformations awaiting the agency under Trump’s second term. Patel, a loyal Trump supporter, has consistently criticised governmental misconduct…
Speaking remotely to a Kyiv security conference in mid-September, U.S. National Security Adviser Jake Sullivan emphasized that President Joe Biden would spend the remainder of his term ensuring that Kyiv was given the best possible opportunity to succeed. The Biden administration is intent on keeping that promise. On Nov. 17, the White House announced that…