12 h. ago EU hits Google with US$3.45 billion fine, drawing tariff threat from Trump

The EU on Friday slapped Google with a massive €2.95 billion (US$3.45 billion) antitrust fine for favouring its own advertising services, drawing a furious rebuke from US President Donald Trump and a threat of fresh tariffs against Europe. Google vowed to appeal the decision by the European Commission, which accused the US firm of distorting competition in the 27-nation bloc. “Google abused its dominant position in adtech, harming publishers, advertisers, and consumers. This behaviour is illegal...

Economics

32 h. ago Mexico considering imposing tariffs on China, President Sheinbaum says

Mexican President Claudia Sheinbaum said on Thursday that her government is considering imposing tariffs on imports from countries that do not have trade agreements with Mexico, including China. The tariffs would be part of “Plan Mexico”, an initiative to boost domestic industry amid tariffs imposed by US President Donald Trump on some imports from Mexico. “We are considering tariffs as part of Plan Mexico, which we’ve proposed since we came into office,” said Sheinbaum. China is among countries...

Politics

68 h. ago China to parade new missiles in Beijing, including ‘Guam Killer’

China to parade new missiles in Beijing, including ‘Guam Killer’  Defense News

Events

3 d. ago Brazil court mulls Bolsonaro’s fate, shrugging off US ‘threats’

Brazil’s Supreme Court vowed Tuesday not to bend to pressure from Washington in deciding the fate of far-right former president Jair Bolsonaro, a Donald Trump ally on trial for allegedly plotting a coup. Kicking off a five-day process of passing judgment in the final stage of the trial, presiding judge Alexandre Moraes said Bolsonaro had aimed to install a “real dictatorship”. Bolsonaro, 70, risks a prison sentence of 43 years if convicted of conspiring to cling to power after losing 2022...

Events

3 d. ago China scholars urge ‘truthful’ World War II accounts amid Western ‘historical nihilism’

In the run-up to Wednesday’s grand military parade in Beijing to commemorate the end of World War II, China has stepped up calls to confront what mainland academics have described as Western “historical nihilism” in the predominant account of the war. Through books, archives, reports and commentary, scholars are urging the establishment of a “truthful, fair and pluralistic” shared memory that acknowledges not only the pivotal role of China but also the wider contributions of others, including...

Events

3 d. ago Chinese scholars slam Western ‘historical nihilism’ on World War II

In the run-up to Wednesday’s grand military parade in Beijing to commemorate the end of World War II, China has stepped up calls to confront what mainland academics have described as Western “historical nihilism” in the predominant account of the war. Through books, archives, reports and commentary, scholars are urging the creation of a “truthful, fair and pluralistic” shared memory that acknowledges not only the pivotal role of China but also the wider contributions of others, including India,...

Events

4 d. ago China pushes development bank to help 10 Eurasian countries curb US dollar risks

A strong push on Monday to create a development bank serving 10 Eurasian countries, including China, would help insulate the group from increasingly risky US dollar-dominated trade while accelerating key infrastructure work, according to analysts. Such a concessional lender – part of an idea that has long been put on hold – would serve China, Russia, India and seven other nations that have worked together since 2001 as the Shanghai Cooperation Organisation (SCO). President Xi Jinping said at a...

Events

4 d. ago India signals no oil import cut from Russia, ‘eagerly’ awaits Putin visit

Indian Prime Minister Narendra Modi told Russian President Vladimir Putin on Monday that the two countries should deepen cooperation “in all sectors”. The remark was a strong indication that New Delhi would not cut back on crude oil imports from Russia despite pressure from the US. Modi also expressed strong enthusiasm for welcoming Putin to India, in a subtle rebuke of US President Donald Trump. As they met on the sidelines of the Shanghai Cooperation Organisation (SCO) summit in Tianjin, Modi...

Politics

9 d. ago Nvidia CEO Jensen Huang says US tech stack should be global standard companies are built on — including China

Nvidia CEO Jensen Huang says US tech stack should be global standard companies are built on — including China  Yahoo Finance

Politics

9 d. ago India to seek new trade partners, US deal in face of new Trump tariffs

As Washington’s 50 per cent tariff on India took effect on Wednesday, among the highest in place against any country, New Delhi has settled on a hedging strategy – keep seeking a trade deal with Washington while actively searching for alternative trading partners. US President Donald Trump’s harsh move against Indian imports saw the Asian giant launch an urgent diplomatic push to route trade around the US – including with Brazil, China, Russia, Britain, Japan, Australia and the EU. Indian...

Politics

9 d. ago Beijing rejects Trump’s call to include China in denuclearisation talks with Russia

Beijing rejects Trump’s call to include China in denuclearisation talks with Russia  trtworld.com

Politics

1 week ago EU urged to unleash ‘trade bazooka’ in response to Trump’s tariff threats

Calls are mounting for the European Union to fire its “trade bazooka” at Washington after US President Donald Trump threatened tariffs and export restrictions on countries applying digital laws and taxes to American firms. In a late-night post on social media, Trump vowed to slap “substantial additional tariffs” and restrict the export of “technology and chips” to countries enforcing “digital taxes, legislation, rules or regulations”. While he did not name Europe directly, the American leader...

Politics

2 w. ago 10 things to watch in the stock market Friday including the Fed and Nvidia's China plans

10 things to watch in the stock market Friday including the Fed and Nvidia's China plans  CNBC

Politics

2 w. ago Why China’s top engineering academy has sights set on more private

A record high number of private-sector executives and chief scientists have been shortlisted this year to compete for academicianship in China’s top institute for engineering science and technology. Nineteen are included on the newly released candidate list for the Chinese Academy of Engineering (CAE), including Hu Guoping, 48, principal researcher and co-founder of AI specialist iFlyTek; Wu Kai, 57, chief scientist and co-president of battery manufacturer CATL; Lian Yubo, 61, chief scientist of...

Politics

2 w. ago China calls for joint patrols on Afghan border and counterterror cooperation

China has called for greater counterterrorism cooperation with Afghanistan, including joint patrols along the narrow strip of land that forms their only shared border. “China supports the prompt resumption of bilateral patrols in the Wakhan Corridor to maintain peace and stability in the border region,” Foreign Minister Wang Yi said during a meeting with the Afghan acting minister of interior affairs, Sirajuddin Haqqani. The Wakhan Corridor is a narrow strip of mountainous Afghan territory that...

Events

2 w. ago Beijing denies Trump’s claim that Xi vowed not to invade Taiwan during his presidency

Beijing denies Trump’s claim that Xi vowed not to invade Taiwan during his presidency  Yahoo News Canada

Politics

2 w. ago China turns up oil tap from Russia as purchases of US crude remain suspended

China’s crude oil imports remained robust in July, fuelled by higher Russian shipments, while China’s purchases from the US remained suspended for a second straight month. The latest customs data shows that the volume of inbound crude oil reached 47.2 million tonnes in July, up 11.5 per cent from a year earlier. China purchased 8.71 million tonnes of crude oil from Russia, making it the top source of China’s crude imports last month, according to the official data. This marked a year-on-year...

Politics

2 w. ago Russia offers India ‘special mechanism’ to keep buying its oil

Russia expects to continue supplying oil to India thanks to a “special mechanism” despite warnings from the United States, Russian embassy officials in New Delhi said on Wednesday, adding that Moscow hopes trilateral talks will soon take place with India and China. US President Donald Trump has announced an additional tariff of 25 per cent on Indian goods exported to the US from August 27, as a punishment for buying Russian oil, which constitutes 35 per cent of India’s total imports compared...

Politics

2 w. ago China’s exports to Global South surge, Putin taps Brazil: SCMP daily highlights

Catch up on some of SCMP’s biggest China stories of the day. If you would like to see more of our reporting, please consider subscribing. 1. Trump says he will arrange Putin, Zelensky meeting after speaking with both US President Donald Trump said on Monday that he was brokering a meeting between Ukraine’s President Volodymyr Zelensky and their Russian counterpart, Vladimir Putin, to be followed by a trilateral meeting that would include the US leader. 2. China’s exports, investments to Global...

Politics

2 w. ago China hosts exhibition emphasising ‘Russianness’ of realist painter Ilya Repin

An exhibition of works by Ilya Repin – the realist painter at the centre of a culture war between Moscow and Kyiv – has opened in Beijing as part of an exchange series between China and Russia. A collection of 48 oil paintings and 44 sketches by Repin (1844-1930), one of the most renowned 19th-century artists in the Russian Empire, is on show at the National Museum of China. The exhibition – titled “Ilya Repin: Encyclopedia of Russian Life” – will run until mid-January as part of the 2024-25...

Politics