Washington, United States | AFP | President Donald Trump on Friday hailed a breakthrough in his drawn-out trade war with China, saying the two sides reached an initial deal that included a surge in purchase of American farm products. With the agreement — which also covers intellectual property, financial services and …
Read More »Trump openly calls on Ukraine, China to investigate Biden
Washington, United States | AFP | US President Donald Trump openly called on China as well as Ukraine to investigate his potential 2020 election rival Joe Biden, taunting Democrats seeking his impeachment for inviting foreign election interference. Speaking in Florida, Trump blasted his accusers as “maniacs” pursuing “impeachment crap” as he …
Read More »Uganda supports China on Hong Kong protests
Kampala, Uganda | THE INDEPENDENT | The government has said it was concerned with what is happening in Hong Kong. In a statement issued on Friday evening by the Ministry of Foreign Affairs, Uganda says it “firmly supports the One country, two systems policy of the people’s The …
Read More »Missiles, drones and tanks: China shows off military prowess
Beijing, China | AFP | China put its growing military might on full display Tuesday with a parade of new ballistic missiles, supersonic drones and next-generation battlefield tanks that highlighted Beijing’s accelerating race to match the firepower of its US rival. The tightly choreographed procession across Tiananmen Square underscored a level …
Read More »Travel giant Thomas Cook fails to find funds to avert collapse, seeks bailout
London, United Kingdom | AFP | Iconic British travel firm Thomas Cook has failed to find further private investment to stave off collapse and is now relying on an unlikely government bailout, a source close the matter told AFP on Saturday. The operator said Friday that it needed £200 million …
Read More »Trump hardens tone on China as trade war rattles economy
Washington, United States | AFP | Amid fresh signs his trade wars are rattling the US economy, President Donald Trump on Tuesday sent stern warnings to China, urging the Pacific power not to drag its feet in trade negotiations. After a month of escalations in the year-long battle with Beijing, Trump …
Read More »China runs to the WTO, lodges trade complaint against US
Beijing, China | AFP | China said Monday it had lodged a complaint against the United States with the World Trade Organization (WTO), one day after new tariffs imposed by Washington on billions of dollars worth of Chinese goods came into force. The world’s two biggest economies have been embroiled …
Read More »Why is China’s currency falling?
Shanghai, China | AFP | China’s yuan has sunk by around four percent in August to its lowest point in more than 11 years on Monday, a decline likely to further exacerbate trade tensions with Washington. Here are five things to know about the yuan’s slide: – Why has the …
Read More »Equities, yuan take hit as Trump dials up trade war with China
Hong Kong, China | AFP | Asian equity markets tanked and the yuan hit an 11-year low Monday after US President Donald Trump ramped up his trade war with China by hiking tariffs on more than half-a-trillion dollars worth of imports. However, dealers pared earlier steep losses after the president said …
Read More »China plans new tariffs on $75 bn of US imports
Beijing, China | AFP | China announced Friday it will hit US soybeans, lobsters, peanut butter and other imports worth $75 billion with new tariffs in retaliation for Washington’s planned duty hikes, further intensifying the bruising trade war between the world’s top two economies. The punitive tariffs of 5 to …
Read More »