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The Latest Breaking News from China

G7 finance chiefs debate reducing supply chain reliance on China

Finance leaders of the Group of Seven (G7) advanced economies discussed the need to make global supply chains more resilient by reducing over-reliance on China, German Finance Minister Christian Lindner said on Friday.

Reuters

Australian, China trade ministers to meet in Beijing

Trade Minister Don Farrell will be hosted by his Chinese counterpart Wang Wentao in Beijing as the two seek to pave a path toward ending punitive tariffs.

The New Daily

EU ministers back plan to reduce economic reliance on China

European Union ministers on Friday backed reducing the bloc's economic dependence on China but will now have to figure out how to make that a reality, foreign policy chief Josep Borrell said.

Reuters

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Chinese foreign minister to visit Australia - South China Morning Post

China's foreign minister is expected to visit Australia in July as diplomatic relations between the two trading partners stabilise, the South China Morning Post reported on Friday.

Reuters

BoT mulls easing yuan-baht trade payment

The Bank of Thailand plans to relax rules for yuan-baht trade payment supporting local currency settlement, reducing reliance on the US dollar.

Bangkok Post

China ministers' India trips show warming of relations

Relations between two neighbouring countries and the world's first and second-most populous countries, China and India, have witnessed a downward spiral in recent years after the bloody clash between the two countries' border troops in the Galwan Valley in June 2020, along the Line of Actual Control (LAC) in the…

Bangkok Post

2024 Buick Envision S, Envision Plus Leaked In China, Previews Redesign

The crossovers adopt the brand's Pure Design language.

Motor1

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Letters to The Editor — May 12, 2023

Readers’ mail to The Hindu’s Letters to The Editor

The Hindu

The problem with India’s multi-alignment stand

The geopolitics of the Indo-Pacific and the Ukraine conflict are in many ways inter-connected

The Hindu

Protesters Disrupt VW Annual Meeting, Throw Cake At Company Chairman

10 activists were vocal about alleged labor practices in China and climate change.

Motor1

Top White House official meets key Beijing diplomat amid signs of easing US-China tensions

White House national security adviser Jake Sullivan and senior Chinese foreign policy adviser Wang Yi held talks in Vienna this week

The Independent UK

US, China top officials hold ‘candid’ talks in Vienna meeting

White House adviser Jake Sullivan’s talks with top Chinese diplomat Wang Yi aimed to ‘manage competition’, US says.

Al Jazeera

Direct flights between Edinburgh and Beijing set to return

Flights between Edinburgh and Beijing are set to return twice-weekly, from June 26 until October 8 - after being cancelled by Hainan Airlines in late 2019 because of the Covid pandemic.

Edinburgh Live

Crude Prices Drop on Dollar Strength and Energy-Demand Concerns

June WTI crude oil (CLM23 ) this morning is down -0.76 (-1.05%), and June RBOB gasoline (RBM23 ) is down -2.94 (-1.18%). June Nymex natural gas (NGM23 ) is up +0.058 (+2.65%). Crude oil and gasoline prices this morning are moderately lower. A rally in today's dollar index to a...

Barchart

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The Conversation

Ukraine recap: not a great deal to celebrate for Putin this Victory Day as Ukraine digs in for the long haul

One tank. According to press reports and news broadcasts from Moscow, a solitary T-34 dating back to the second world war was the only tank that trundled past the Russian president as he marked a scaled-down Victory Day on May 9 this year.

Reuters

U.S., China look to move beyond balloon incident to stabilize ties

President Joe Biden's national security adviser met China's top diplomat this week and both sides recognized the need to move beyond an alleged spy balloon incident that caused a pause in relations between the superpowers, a senior U.S. official said on Thursday.

The Conversation

South Africa walks a tightrope of international alliances - it needs Russia, China and the west

Relations between the People’s Republic of China and Russia on one hand and the west, specifically the US, on the other have become increasingly tense in recent times. For the US, China and Russia represent authoritarian regimes. For China, the US is the source of global insecurity.

Insider UK

Direct flights from Scotland to China return this summer

The route from Edinburgh to Beijing is coming back from June to October

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Reuters

Spanish PM will ask Biden to listen to China, Brazil on Ukraine

(This May 11 story has been corrected to remove reference to more weight in paragraph 1)

Barchart

Markets Today: Stocks Lower as U.S. PPI Eases but Regional Bank Stocks Fall

The S&P 500 Index ( $SPX ) ( SPY ) is down -0.49%, the Dow Jones Industrials Index ( $DOWI ) ( DIA ) is down -0.94%, and the Nasdaq 100 Index ( $IUXX ) ( QQQ ) is down -0.1%. U.S. stock indexes this morning are lower. U.S. weekly...

The Walrus

How to Prevent Foreign Interference in Elections

Five foolproof ways the federal government can prevent other countries from meddling with Canadian democracy

The Week

Under the melting ice: the race for the Arctic’s riches

For centuries, the Arctic’s hostile climate has ensured its status as “one of the very few remaining” unspoiled parts of the world, said Ashok Swain in Gulf News (Dubai). However, it’s also one of the planet’s most resource-rich regions, estimated to hold 13% of the world’s oil (some 90 billion…

Reuters

G7 not seeking to forge anti-China alliance: German source

The Group of Seven (G7) summit in Japan next week is not seeking to forge an alliance against China, though there is debate on implementing targeted controls on investments to the Asian giant, a German government source said on Thursday.

Barchart

Markets Today: Stocks Mixed as U.S. PPI Eases but Regional Bank Stocks Fall

Morning Markets June E-Mini S&P 500 futures (ESM2 3) this morning are down -0.05%, and June Nasdaq 100 E-Mini futures (NQM2 3) are up +0.21%. U.S. stock index futures this morning are mixed. A decline in bond yields is positive for stocks after U.S. weekly initial unemployment claims rose more...

StockNews.com

3 Foreign Bank Stocks to Consider Amid U.S. Banking Turmoil

The U.S. banking industry faces the most formidable challenge since the global financial crisis in 2008. Therefore, it could be wise to buy fundamentally strong foreign bank stocks China Minsheng Banking (CMAKY), Commerzbank (CRZBY), and Banco Macro (BMA). Keep reading….

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