INSEAD Day 4 - 728x90

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

Blinken reschedules postponed Beijing visit for June 18

US Secretary of State Antony Blinken. (AFP)
  • Blinken is expected to arrive in Beijing on June 18, the first trip by a top US diplomat to China since his predecessor Mike Pompeo in October 2018
  • Blinken abruptly canceled a trip scheduled in early February after the United States said it detected a Chinese surveillance balloon flying over the US mainland

Washington, United States – US Secretary of State Antony Blinken will travel to China next week, rescheduling a visit that was canceled in February after a saga over a suspected surveillance balloon, US officials said Friday.

Blinken is expected to arrive in Beijing on June 18, the first trip by a top US diplomat to China since his predecessor Mike Pompeo in October 2018, US officials said on condition of anonymity.

The State Department has not officially announced his travel. National Security Council spokesman John Kirby recently said the United States would announce travel by senior officials “in the near future” without giving details.

Presidents Joe Biden and Xi Jinping met in Bali in November and agreed to try to stop high tensions from soaring out of control, including by sending Blinken to Beijing.

Blinken abruptly canceled a trip scheduled in early February after the United States said it detected — and later shot down — a Chinese surveillance balloon flying over the US mainland, drawing fury from US lawmakers and denials by Beijing.

But the two sides have more recently looked again to keep tensions in check including with an extensive, closed-door meeting between Biden’s national security advisor Jake Sullivan and top Chinese diplomat Wang Yi in Vienna last month.

Tensions have risen sharply between the world’s two largest economies in recent years, especially over Taiwan, the self-governing democracy that Beijing claims and has not ruled out seizing by force.

The two countries are also at odds over China’s increasingly assertive posture in the region and over trade and human rights.

Biden, however, has looked to limited areas for cooperation with China, such as climate change, in contrast with the more fully adversarial position adopted at the end of the administration of his predecessor Donald Trump.