5 h. ago Trump tells Europe to put economic pressure on China over Ukraine

US President Donald Trump urged European countries on Thursday to put economic pressure on China because of its support for Russia’s invasion of Ukraine, the White House said. Speaking by video conference with European leaders gathered in Paris, Trump also said “Europe must stop purchasing Russian oil that is funding the war”, a senior White House official said on condition of anonymity. Ukraine’s President Volodymyr Zelensky, who also took part in the meeting, said earlier that Trump was “very...

Politics

5 h. ago Trump calls out Europe for 'funding' Putin's war and failing to 'pressure' China

Trump calls out Europe for 'funding' Putin's war and failing to 'pressure' China  Fox News

Events

6 h. ago Trump pushes Europe to stop buying Russian oil and up pressure on China in effort to end Ukraine war

Trump pushes Europe to stop buying Russian oil and up pressure on China in effort to end Ukraine war  CNN

Events

46 h. ago Trump tells China's Xi 'give my warmest regards to Putin and Kim as you conspire against US'

Trump tells China's Xi 'give my warmest regards to Putin and Kim as you conspire against US'  The Times of Israel

Politics

57 h. ago Xi reiterates support for Iran nuclear programme amid Western pressure

Chinese President Xi Jinping doubled down on his support for Iran to “safeguard its national sovereignty” and vowed to promote a widely accepted solution to the Iranian nuclear issue as Tehran faces mounting Western pressures over its nuclear programme. “China attaches importance to Iran’s repeated affirmation that it does not seek to develop nuclear weapons, respects Iran’s right to peaceful use of nuclear energy,” Xi told his Iranian counterpart, Masoud Pezeshkian, according to state-owned...

Events

63 h. ago China piles pressure on Pakistan: How Beijing is forcing Islamabad to meet three tough demands before CPEC...

China piles pressure on Pakistan: How Beijing is forcing Islamabad to meet three tough demands before CPEC...  Moneycontrol

Events

65 h. ago ‘Lost the battle’: EU told to accept defeat against China’s solar power sector

A group of French and German economists has urged Europe to identify which industries to support in the face of Chinese competition and boldly abandon those where the battle had already been lost, such as the solar power sector. The recommendations were presented in five memos to the Franco-German Council of Ministers at the request of the two governments. The memos cover trade with China, as well as defence, energy, economic growth and the labour market. The economists advised Europe to protect...

Events

3 d. ago GLOBAL ECONOMY European factories return to growth, Asia activity shrinks

GLOBAL ECONOMY European factories return to growth, Asia activity shrinks  Reuters

Politics

6 d. ago China's big banks warn of more margin pressure in the second half

China's big banks warn of more margin pressure in the second half  Reuters

Events

6 d. ago US ambassador to China expected to skip Beijing military parade: sources

America’s envoy to Beijing is expected to skip China’s military parade next week, joining what appears to be a concerted effort by Western missions to opt out of the grand event despite Chinese pressure. The South China Morning Post has learned from multiple sources that US ambassador David Perdue is unlikely to attend the parade that China is holding in Tiananmen Square in Beijing on Wednesday to commemorate the end of World War II. It is unclear if the US embassy would instead dispatch another...

Events

6 d. ago Profitability pressure grows for China’s state banks amid low rates

China’s top banks face continued pressure, as a slowing economy, lower interest rates and weak loan demand weighed on first-half earnings. Net profit at Industrial and Commercial Bank of China (ICBC), the world’s largest bank by assets, fell 1.4 per cent in the first half from a year earlier to 168.1 billion yuan (US$23.5 billion), according to its interim results announced on Friday after the market closed. Its net interest margin (NIM), a key indicator of a bank’s profitability, fell to 1.3...

Economics

6 d. ago EU readies new economic battle plan but leaves its old guns holstered

The European Union is preparing an “economic security doctrine” that will for the first time connect its trade and economic defences – but while Brussels builds the pipes, national leaders remain reluctant to turn on the tap. Sources say the doctrine, which was announced last week by trade chief Maroš Šefčovič, will allow bureaucrats to coordinate between existing and future instruments as they seek to make Europe’s fragmented arsenal quicker and more efficient to deploy. Yet, after spending...

Events

6 d. ago No attempts to pressure China will succeed: Beijing to Washington

No attempts to pressure China will succeed: Beijing to Washington  Anadolu Ajansı

Events

8 d. ago Chinese firms slam Trump’s claim that Europe gives them ‘a complete pass’

US President Donald Trump has dragged China into his battle against European taxes and regulations targeting American technology giants, accusing Europe of singling out US firms and giving Chinese tech companies “a complete pass”. The claim was quickly rejected by the Chinese business community, with one executive dismissing Trump’s post as “political rhetoric” that does not “align with the reality”, while analysts said the attack was likely part of Trump’s plan to pressure Europe into easing...

Politics

9 d. ago Tesla Stock Advances Above Buy Point But EV Business In China Is Still Under Pressure

Tesla Stock Advances Above Buy Point But EV Business In China Is Still Under Pressure  Investor's Business Daily

Economics

9 d. ago Tesla Stock Nears Buy Point But EV Business In China Is Still Under Pressure

Tesla Stock Nears Buy Point But EV Business In China Is Still Under Pressure  Investor's Business Daily

Economics

1 week ago Maduro calls on China as US mounts pressure on Venezuela. Will it answer?

Maduro calls on China as US mounts pressure on Venezuela. Will it answer?  CNN

Events

1 week ago The US is heaping pressure on Venezuela. What will China do?

Beijing is likely to increase its economic support for Venezuela, its only all-weather strategic partner in South America, as tensions rise between Washington and Caracas. However, analysts suggest that China will hold back on direct military aid or actions that could provoke a direct confrontation with the United States. The assessment comes after Chinese foreign ministry spokeswoman Mao Ning said on Thursday that China opposed “any move that violates the purposes and principles of the United...

Events

1 week ago Europe’s scorching heatwave sees demand for Chinese air conditioners sizzle

From Paris to Athens, and Lisbon to Berlin, Europeans are enduring a prolonged and punishing summer heatwave amid global warming. And rising right alongside the blazing temperatures are China’s exports of air conditioners (ACs) to the continent, with a nearly 60 per cent jump by volume in July, compared with the same time last year, according to Chinese customs data. The Spanish capital of Madrid kicked off the week under a yellow alert – the third-highest heat warning on a four-tier scale –...

Society

2 w. ago Taiwan raises defence spending by 23% under US pressure to counter China threat

Taiwan raises defence spending by 23% under US pressure to counter China threat  Financial Times

Events