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The Latest Breaking News from China

At the G20, Biden joins forces with India and the Middle East, sidelining China

President Biden and other world leaders announced a new corridor to link India with the Middle East and Europe. It's one of several initiatives aimed at countering China's Belt and Road Initiative.

WEKU

G20: EU and US back trade corridor linking Europe, Middle East and India

Joe Biden describes ambitious rail and sea plan to counter China’s Belt and Road project as a ‘really big deal’

The Guardian - UK

G20 summit: Transport project to link India to Middle East, Europe unveiled

The ambitious rail and shipping project, which is seen as a counter to China’s economic clout, announced at G20 summit.

Al Jazeera

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Maldives election goes to run-off, with pro-China opposition leading

Opposition takes surprise lead over incumbent Ibrahim Mohamed Solih in a poll closely watched by India and China.

Al Jazeera

Italy's Meloni meets with China's Li as Italy's continued participation in 'Belt and Road' in doubt

Italian Premier Giorgia Meloni has met with Chinese Premier Li Qiang on the sidelines of the G20 summit

The Independent UK

China: Tesla Retail Sales Almost Doubled In August 2023

In August, Tesla's sales of Made-in-China (MIC) Model 3/Model Y in China and exports from China went in opposite directions compared to the previous year.

InsideEVs

Putin’s collection of oddball allies grows by the day. It’s time the west got tougher

Russia’s isolated war-criminal president is seeking out useful idiots like North Korea’s Kim Jong-un to bolster his military rampage against Ukraine, writes Simon Tisdall

The Guardian - UK

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Maldivians vote for president in a virtual geopolitical race between India and China

Voting has started in the Maldives presidential election, a virtual referendum over which regional power, India or China, will have the biggest influence in the archipelago state

The Independent UK

North Korea’s Kim marks founding day with parade, promises to China, Russia

Paramilitary group the Worker-Peasant Red Guards – with 5.7 million members – featured prominently in parade.

Al Jazeera

Stocks Post Modest Gains on Hopes for a Fed Pause

What you need to know… The S&P 500 Index ($SPX ) (SPY ) Friday closed up +0.14%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.22%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.14%. Stocks on Friday closed slightly higher. Friday’s strength in...

Barchart

Dollar Recovers Early Losses as Bond Yields Rise

The dollar index (DXY00 ) Friday rose +0.03% but remained below Thursday’s 5-3/4 month high. The dollar on Friday recovered from early losses after T-note yields moved higher after being lower most of the session. Also, pessimism in China’s economic outlook prompted the yuan to fall to a 15-year low...

Barchart

India's moment: what are the stakes at the New Delhi G20 summit?

It’s India’s moment. New Delhi welcomes the world for the G20 summit at a time of unprecedented clout on the world stage. From its rivalry with China and its ever-warming ties with the United States to its calculated neutrality on Russia and its stated aim to champion the global south,…

France 24

There’s a ‘tech war’ brewing between the U.S. and China that will split the world into 2 camps, Palantir senior policy advisor warns

“AI is the single most consequential, breakthrough, paradigm-shifting technology in military affairs in 80 years,” he warned.

Fortune

September Gameplan for Exxon Mobil (XOM)

With the company investing in lower carbon emission technologies and expecting robust demand from China, what should your September game plan be for Exxon Mobil (XOM)? Let’s look at its financial metrics to gauge its prospects….

StockNews.com

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France 24

India takes centre stage at G20 summit

India has spent hundreds of millions of euros on hosting the G20 summit, as it seeks to asset itself on the global stage. But the event has also stirred controversy even before it started, from the beautification of the capital New Delhi to the notable absence of China's President Xi…

Al Jazeera

Maldives heads to polls amid India-China rivalry, fears for democracy

Outcome of Saturday’s presidential election could be key to India and China’s battle for influence in the Indian Ocean.

The Hindu

New Delhi declaration ‘almost ready’, says India’s G-20 Sherpa, as Ukraine para remains sticking point

G-20 Sherpa Kant says joint declaration "almost ready"; India able to bring all countries on board with its priorities. Negotiations on finance, climate action, phasing out fossil fuels, and debt restructuring have seen considerable movement. Leaders to discuss declaration and other issues on September 9 and 10; if no agreement,…

Al Jazeera

Biden and Modi pledge to deepen ties in talks ahead of G20 summit

US and Indian leaders promise support for ‘free, open’ Asia-Pacific region as countries seek to counter rise of China.

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The Hindu

Chinese Premier Li Qiang lands in India facing first international test

Prime Minister Narendra Modi and Li Qiang will have the opportunity for informal interactions along the sidelines of G-20

Zenger

Mexico Poised For The Manufacturing Spotlight Amid Tensions In China-US Relations

A couple of developments related to China rocked tech stocks on Thursday as fears of an aggravation of the trade war.

The Independent UK

China uses bizarre memes of US commerce boss to plug new phone

‘No commerce secretary has been tougher than I on China,’ Raimonda says in altered video on Chinese TV

France 24

Post-Brexit UK should 'sleep together with Europe': Ex-EU Commissioner Lamy

Talking Europe hosts Pascal Lamy, co-ordinator of the Jacques Delors institutes, and a distinguished former head of the World Trade Organization and former EU Trade Commissioner. We discuss great power competition in today's world; the EU’s influence when it comes to global trade and regulation; the critical importance of Africa…

The Independent UK

Indonesia says China has pledged $21B in new investment to strengthen ties

Visiting Chinese Premier Li Qiang has pledged $21.7 billion in new Chinese investment in Indonesia to strengthen the countries’ economic and political ties

Barchart

Markets Today: Stock Index Futures Recover Overnight Losses on Lower Bond Yields

Morning Markets September E-Mini S&P 500 futures (ESU2 3) this morning are up +0.07%, and Sep Nasdaq 100 E-Mini futures (NQU2 3) are up +0.03%. Stock index futures this morning recovered from overnight losses and are slightly higher as a decline in bond yields sparked short covering. Negative carryover from...

France 24

Battle for influence in Maldives heats up between China and India

The first round of the presidential election in the Maldives will take place on Saturday, September 9. Incumbent Ibrahim Solih is running for re-election against Mohamed Muizzu, who has emerged as the main opposition candidate. The polls are taking place against a backdrop of China and India competing for strategic…

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