This latest collaboration builds on existing joint ventures between the two companies.

A top US official on Wednesday called China's military drills in response to US House Speaker Nancy Pelosi's visit to Taiwan irresponsible and warned of the danger of the situation spiraling out of control.

The company logged a net income of $379 million.

The trip by Pelosi, who is second in line to the presidency and the highest-profile elected US official to visit Taiwan in 25 years, has ignited a diplomatic firestorm. She landed in Taiwan late Tuesday in the wake of increasingly stark warnings from China, which considers the island a part...

China said Tuesday that the United States will "pay the price" if House Speaker Nancy Pelosi visits Taiwan during her Asia trip. Pelosi was in Malaysia on Tuesday, the second stop in a tour that has sparked rage in Beijing after reports of a potential Taipei visit.

President Joe Biden's administration tried Friday to defuse heated Chinese warnings against a possible trip to Taiwan by US House Speaker Nancy Pelosi, as Beijing announced live-fire military drills in the Taiwan Strait.

While this was Biden's fifth talk with Xi since becoming president a year and a half ago, it's getting hard to mask deepening mistrust between the two countries amid a trade war and tensions over Taiwan. The latest flashpoint is a possible trip by Biden ally Nancy Pelosi to the...

Higher-than-expected inflation, especially in the United States and major European economies, is triggering a tightening of global financial conditions.

The poor performance result of sagging demand.

In its latest World Economic Outlook, the International Monetary Fund cut the 2022 global GDP estimate to 3.2 percent, four-tenths of a point lower than the April forecast, and about half the rate seen last year.

China launched on Sunday the second of three modules needed to complete its new space station, state media reported, the latest step in Beijing's ambitious space program. The uncrewed craft, named Wentian, was propelled by a Long March 5B rocket at 2:22 pm (0622 GMT) from the Wenchang launch center...

The US president could not dispel the view that the Washington is no longer a reliable ally and he also failed to connect at a personal level with the young GCC leaders, say experts.

Brent oil futures closed Tuesday under $100 a barrel for the first time in three months as recession worries cloud the near-term outlook for crude demand. The contract for the international oil benchmark for September delivery tumbled 7.1 percent to $99.49 a barrel as the market focused on worries about...

The region is better placed to deal with global slowdown as oil and gas prices will stay high due to supply restrictions, Jean Claus, CEO of Allianz Trade Middle East, tells TRENDS.

The world's population is expected to hit eight billion on November 15, the UN forecast Monday in a report that said India will surpass China as the most populous country on earth in 2023. That overall population milestone "is a reminder of our shared responsibility to care for our planet and...

Under the rule of the Rajapaksa clan, Sri Lanka moved closer to China and borrowed billions of dollars for vanity projects like cricket stadiums and airports as well as a deep-sea port since leased to Beijing. Its coffers further depleted by government tax cuts.

Top officials from the United States and China held a "candid" video call on Tuesday to discuss global economic challenges, especially regarding supply chains. The exchange between Chinese Vice Premier Liu He and US Treasury Secretary Janet Yellen came as President Joe Biden considers lifting some tariffs on imports from...

Are China and Russia taking over the US power in the Gulf Cooperation Council region? Khaled Janahi, chairman of Vision 3, tends to disagree. “I would question the question because there are a lot of people thinking that already China and Russia are taking over. There is difference between relationship...

Chinese President Xi Jinping will attend a ceremony in Hong Kong celebrating 25 years of the city's handover to China, state media Xinhua News Agency reported on Saturday. Xi will also attend the inauguration of the next Hong Kong administration, Xinhua said, in a trip that would mark his first...

The market benefited from an exuberant 2021 holiday shopping season across the regions, with a seven percent increase over the same period in 2019.

The global inflation wave -- affecting the US, EU and China and spreading to the Gulf countries -- is forcing common people to look for solutions away from the govt actions.

The world's second-biggest economy imported around 8.42 million tons of oil from Russia last month.

TikTok on Friday said Oracle will store all the data from its US users, in a bid to allay fears about its safety in the hands of a platform owned by ByteDance in China. The announcement came as the popular video snippet sharing service fended off concerns about the ability...

Demand is set to grow to 101.6 million barrels per day in 2023, according to the IEA, which advises developed countries on energy policy.

The painful combination of chronic 1970s-style inflation and a shrinking economy means that you might need to rebalance your investments, warns Nigen Green, the CEO of deVereGroup, an independent financial advisory, asset management and fintech organization. The warning from Green comes as global stock markets are tanking as investors fret...

The global oil demand is anticipated, according to the report, to average 101.8 mb/d in second half of this year, up from 98.7 mb/d on average seen in the first half.

While countries, cities and companies have massively ramped up net-zero emissions promises in recent months there remain "major flaws" in many plans, according to an analysis published Monday that raises fears of potential large-scale greenwashing by businesses. Faced with mounting urgency and public pressure as deadly and costly climate impacts...

Iran and Venezuela signed a 20-year deal on cooperation between the two countries in various sectors including energy, financial and defense

Saudi Arabia has awarded the building of a five-kilometer-long tunnel in the city of Madinah to a Chinese construction firm, to be built at the cost of $974 million. The project also involves the construction of a pedestrian bridge. Al-Amida road will serve as an alternative to the current ring...

Iran already announced it had disconnected some International Atomic Energy Agency cameras monitoring its nuclear sites in anticipation of the watchdog's adoption of the Western-drafted censure motion Wednesday.

Adding to the upbeat mood were comments from US commerce chief Gina Raimondo that she was considering lifting tariffs on some goods from China to help in the battle against inflation.

In April the company announced it will acquire two LNG vessels.

Emirates Transport (ET) and China's NEV Investment LLC have teamed up to develop New Energy Vehicle Project in the UAE.

The wide-ranging draft agreement and a 5-year plan will be the subject of discussion during Chinese Foreign Minister Wang Yi's tour of Pacific nations.

The new member companies joining Dubai Chamber of Commerce in April 2022 reached 3,056, bringing the Chamber's total membership to 300,000 companies.

"The US and Japan, together with 11 other nations will be launching" the Indo-Pacific Economic Framework for Prosperity, Biden said at a press conference.

Saudi Arabia's supply of oil to China has soared 38 percent in April, hitting the highest monthly volume since May 2020.

China on Friday announced it would cut a key interest rate as the country fights to boost its virus-hit economy and Covid-19 restrictions rip across major cities. Prolonged virus lockdowns have constricted supply chains, quelled demand and stalled manufacturing.

The impact of Beijing's zero-Covid strategy on the world's second-largest economy was revealed Monday when official data showed that retail sales and industrial production in April on-year had slumped to their lowest levels in more than two years.

Investors remain cautious as to whether China will ease its zero-Covid policy, which has added to the disruption of the world's supply chains.

Leaving a fine mist of disinfectant in their wake, China's hazmat-clad health workers are cleaning homes, roads, parcels and even people.

President Joe Biden on Friday promised a long-term commitment to Southeast Asia in the face of China's growing clout as he met regional leaders for the first summit in Washington. Biden laid out $150 million in new initiatives and announced plans for the first full US ambassador to the Association...

Asian equities were mostly up Friday following a tumultuous trading period on Wall Street, but analysts said the outlook remained bleak as inflation, the Ukraine war and Chinese lockdowns weigh on sentiment. World markets have been volatile for much of 2022, with investors fretting about supply chain snarls due to...

Japanese investment giant SoftBank Group on Thursday logged a record annual net loss after a bruising year that saw its assets hit by a US tech share rout and a regulatory crackdown in China. The company reported losses of 1.71 trillion yen ($13.2 billion) in the year to March 2022.

Abu Dhabi’s non-oil foreign trade in the first quarter (Q1) of 2022 amounted to AED61.522 billion ($16.74 billion), a 15 percent increase compared to the same period of 2021. Exports grew by 35 percent in the first three months of the year compared to the same period of last year ...

"Lockdowns in large cities like Shanghai and rising input costs are major reasons" behind the underwhelming trade figures, analyst Zhaopeng Xing of ANZ Research said.

President Joe Biden was clear from the moment he entered office -- China is the main international competitor and should be the top concern for US foreign policy. Then Russia invaded Ukraine. After months devoted to supporting Ukraine and punishing Russian President Vladimir Putin, Biden is shifting focus back to...

The Olympic Council of Asia (OCA) said in a statement that the decision to postpone "was taken by all the stakeholders after carefully considering the pandemic situation and the size of the Games".

German sportswear giant was hurt by China lockdowns.

Mass testing of China's vast population could bring fresh misery to the economy, experts warned Friday, after Beijing vowed to regain control of the narrative around a zero-Covid policy that has strangled growth and fanned anger across the country. Leaders have taken a hardline approach to stamping out virus outbreaks,...