America’s military action in Venezuela and President Donald Trump’s talk of owning Greenland are stoking concerns that the United States is dismantling the rules-based global order. But this could also be a diplomatic opening for China as it tries to portray itself, in contrast, as a more responsible and stabilising power. Analysts said while this aligned with Beijing’s push to strengthen ties with its neighbours – a strategic move as its rivalry with Washington has intensified – concrete... Politics
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US President Donald Trump’s pressure campaign to unify his party behind his takeover of Venezuela succeeded Wednesday when all but three Senate Republicans voted to block a resolution opposing further military action in the country. US Vice-President J.D. Vance broke a tie vote in order to stop the resolution. The 51-50 vote followed fiery phone calls from Trump to Republican defectors who last week voted to advance the resolution. Trump’s success in flipping votes effectively ends one of the... Politics
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China is stepping up its efforts to use its vast coal reserves instead of oil to produce plastics and synthetic rubber. Coal can be refined to make olefins – an essential raw material for tens of thousands of chemical products that include plastics, synthetic fibres and rubber. While the mainstream practice is to produce olefins from oil, using coal can bring significant cost savings and might help to reduce the country’s reliance on imported fuel at a time when Donald Trump is seeking to expand... Politics
Two China-flagged supertankers that were sailing to Venezuela to pick up debt-paying crude cargoes amid the US oil embargo on the Opec country have made U-turns and are now heading back to Asia, LSEG shipping data showed on Monday. Following the US announcement last week of a US$2 billion deal to export up to 50 million barrels of Venezuelan oil stuck in storage, US President Donald Trump said China would not be deprived of Venezuela’s crude. But the Asian country, the first market of the... Events
