There are suggestions that the US and China may now sign a trade agreement in May. However, it seems unlikely that this will be the great victory over China that Trump promised, as recent events indicate. [...]
Beijing has inked cooperation deals on its multi-trillion-dollar Belt and Road Initiative (BRI) with 17 Arab countries, state-run Xinhua News Agency reported, citing the results of a joint Sino-Arab forum. [...]
Escalation of US-China bilateral tariffs to shave off $1 trillion from America’s GDP. A study by the US Chamber of Commerce shows how the deterioration in the trade dispute between the world’s two largest economies, China and the United States, will drastically affect the American economy. [...]
Italy’s endorsement of China’s global integration model – the Belt and Road Initiative – has caused ructions in the transatlantic alliance and also between members of the European Union delineating the bloc’s North-South divide. [...]
China will buy a total of 300 passenger jets from European aircraft maker Airbus as its US rival Boeing struggles in the aftermath of two deadly crashes involving its 737 MAX. [...]
Italy’s desire to build trade ties with China isn’t a move against the US, but an effort to “maximise” its own interests, Italy’s former Foreign Minister Franco Frattini told RT, ahead of Chinese President Xi Jinping’s Rome visit. [...]
Washington’s threat to downgrade its intelligence-sharing with Berlin if Germany buys Chinese 5G equipment is an example of why Berlin should seek more independence in its policies, former German Chancellor Gerhard Schroeder said. [...]
Italy is planning to formally back China’s multi-trillion-dollar Belt and Road Initiative (BRI). It would become the first G7 nation to join the ambitious project which promises to significantly boost global trade. Rome is preparing to sign a memorandum of understanding to officially support the project, championed by Chinese President Xi Jinping, by the end of March, according to Michele Geraci [...]
US agricultural exports to China are forecast to fall significantly in crop year 2019, an official in President Donald Trump’s administration said this week, noting that the damage was a result of the administration’s own trade policies with China. [...]
US State Secretary Mike Pompeo's quest to scare Hungary away from dealing with Russia and China appears to have turned sour, as Budapest said it's fed up with lectures about its foreign policy. [...]
Global central banks bought more bullion last year than at any time since 1971, when the US ended the gold standard.
Governments added 651.5 tons of gold to their coffers in 2018, according to the World Gold Council. It said that Russia, China and Turkey are leading the gold-buying spree. [...]
Retail sales in China are poised to surge this year and exceed US retail by more than $100 billion, bringing it the crown as the top global retail market, according to a forecast by research firm eMarketer. [...]
The Central Bank of Russia reported purchasing 8.5 million troy ounces of gold in January-November 2018. With its 67.6 million ounces of gold Russia is now the world's fifth largest holder behind the US, Germany, France and Italy. [...]
Donald Trump has shown an apparent willingness to put the brakes on US military aggression abroad, notably in the Middle East and Central Asia. Yet the announcement coincided with more military moves against Russia and China. [...]
Trade turnover between Russia and China soared by nearly 30 percent in 2018, reaching a record number of $107.06 billion, according to the latest report released by China’s General Administration of Customs (GAC). The agency noted that last year Russian imports of Chinese goods increased by 12 percent to $47.98 billion. [...]
The United States Department of Defense’s supply chains have deteriorated, and they now require significant modernization – and taxpayer funding – if Washington wishes to make war with Russia or China, according to an internal Pentagon report. [...]
Rick Sanchez takes a look at China’s response to the Trump Administration tariffs imposed on Beijing, as US telecom giant Apple losses 64 billion dollars of its value. Apple CEO Tim Cook blames the tit-for-tat and the Trump administration’s trade war with China.
Is Apple blameless, or is this a show of force as Apple falls third in the market behind Samsung and Huawei? Host of Boom Bust Bar [...]
Aside from the trade wars, Apple has been hurt by a boycott in China and its own apparent arrogance towards Chinese laws. Apple had to cut its revenue outlook for the latest quarter, citing what it called an "economic deceleration" in China and emerging markets, according to a report by Agence France-Presse. [...]
The Chinese robotic probe Chang'e 4 has landed on the dark side of the moon, becoming the first manmade craft to alight on the unexplored surface, according to reports from Chinese state media. [...]
Tensions between Washington and Beijing have escalated in recent months amid a growing number of US Navy "freedom of navigation" missions in the South China Sea and Chinese efforts to beef up its military presence in territories over which several Asian powers have overlapping claims. [...]
BEIJING (Sputnik) – Liberalization of the Chinese banking legislation provides Russian banks with an opportunity to receive full-fledged licenses for their work in China, Russia's Trade Representative in the Asian country, Sergey Iniushin, told Sputnik. [...]
The wars of words between Donald Trump and Justin Trudeau may have grabbed headlines, but Canada has always remained a faithful US ally, apparently believing it's a safe bet. The strategy, however, has backfired. [...]