Al-Khorayef emphasized that Saudi Arabia will prioritize its interests and explore new opportunities, separating politics from commerce. The broader adoption of the “petroyuan” is seen as a significant step in the yuan’s internationalization, challenging the US dollar’s dominance in global commodity markets. China has been promoting the yuan’s use in international trade, including a currency […]
Washington and Beijing have verbally sparred over China’s increasingly assertive approach in disputed maritime regions, including the South China Sea. In recent months, Chinese vessels have engaged in a series of high-profile confrontations with Philippine ships in the waters, which Beijing claims almost in their entirety despite an international court ruling that its assertion has […]
The European Commission, which oversees the bloc’s trade policy, announced last month that it planned to levy five-year import duties of up to 36 percent on electric vehicles imported from China. The following day, Beijing said it would launch a probe into EU subsidies of some dairy products exported to China. “I have to be […]
According to China’s General Administration of Customs, overseas shipments expanded 8.7 percent on-year last month, picking up speed from 7.0 growth in July. The reading was also much better than the 6.6 percent forecast in a Bloomberg survey of analysts. The figures will provide a little encouragement to leaders, who have this year sought to […]
The Japanese defence ministry “confirmed that these vessels sailed north-eastwards through the Tsushima Strait towards the Sea of Japan from Saturday to Sunday”, it said in a press release on Monday. Japan’s Self-Defence Forces “conducted vigilance monitoring and intelligence gathering” with a vessel and patrol plane, the ministry said, releasing photos of the ships. It […]
China is the leading emitter of the greenhouse gas emissions scientists say are driving global climate change and making extreme weather events more frequent. Beijing has pledged to bring planet-warming carbon dioxide emissions to a peak by 2030 and to net zero by 2060. And on Thursday, the China Meteorological Administration said in a statement […]
Brent crude futures for November fell 37 cents, or 0.5%, to $73.38 by 0330 GMT, after the previous session’s fall of 4.9%. U.S. West Texas Intermediate crude futures for October were down 41 cents, or 0.6%, at $69.93, after dropping 4.4% on Tuesday. Both contracts fell to their lowest since December on signs of a […]
State broadcaster CCTV said the driver “lost control” of the vehicle as it approached the school in Shandong province’s Tai’an city at 7:27 am (2327 GMT Monday). The bus ran into a group of parents and children on the side of the road, according to CCTV. “As of now, (the incident) has caused the deaths […]
The premier expressed these views while chairing a meeting with the Chinese envoy, Jiang Zaidong, in Islamabad. “Pak-China friendship is essential not only for both countries but also for regional and global peace and development,” the prime minister said during the meeting. “Pakistan seeks to enhance collaboration with China in information technology, artificial intelligence, modern […]
Accusing China — one of the world’s largest exporters of electric vehicles (EVs) — of “not playing by the same rules as other countries” in areas such as environmental and labor standards, he also unveiled a 25 percent surtax on imports of steel and aluminum products from China. The United States and the European Union […]
