With the Israel-Hamas conflict raging in the Middle East, Biden also "underscored that the United States and China must work together to address global challenges," it added in a statement. US officials had "expressed our deep concern with the situation (in the Middle East) and pressed China to take a...

"Without policy intervention, direct and indirect emissions from air conditioning and refrigeration are projected to rise 90 percent above 2017 levels by the year 2050," a UN report warned in 2020.

Hamas released a list of around 7,000 names of people in Gaza it said had been killed in Israeli strikes. The list was produced a day after US President Joe Biden said he had "no confidence" in the militant group's death toll figures. Israel says 1,400 people were killed in...

Its operating profit shot up to US$400m for the third quarter.

The ongoing US-China technological decoupling is likely to harm global capabilities, Chinese Professor Wu Xiabo tells TRENDS in an interview.

The Chinese and Russian reprimands ring hollow for US officials, who doubt the rival powers will engage in painstaking diplomacy along the lines of Secretary of State Antony Blinken's recent trip to the region. But the United States has historically stood out as a lonely voice in its close embrace...

Traders tracked a rally on Wall Street that was helped by a strong set of earnings from big-name firms including Coca-Cola, Verizon and 3M that fuelled optimism for the reporting season. Still, geopolitical crises continue to cast a shadow, with a broader war still possible, and many fearing it could...

Beijing, China - China announced on Tuesday a 1 trillion yuan ($137 billion) sovereign bond issuance, state media said, in a move experts say is an attempt to shore up the economy after a sluggish post-Covid recovery. The funds will be distributed to local governments to support national disaster prevention and...

Revenues rose five percent to $44.1 billion, the company said.

BEIJING, CHINA - China's Gross Domestic Product (GDP) grew by 4.9 percent year-on-year in the third quarter, surpassing economists' predictions of 4.4 percent. This demonstrates the continuing momentum of China's economic recovery, spurred by the introduction of various macro-policies since July. According to a Global Times report, Chinese analysts emphasize...

Wang "will conduct in-depth exchanges of views with US leaders on China-US relations and international and regional issues of common interest," foreign ministry spokesperson Mao Ning said at a regular briefing. The top diplomat will "convey China's principles and positions and legitimate concerns about China-US relations," she added.

Paris, France - Stock markets slid on Monday, extending last week's sell-off n fears of a regional conflict in the Middle East and worries that US interest rates will remain elevated for longer than initially thought. The concerns about US interest rates have also been affecting bond markets, with the yield...

Riyadh, Saudi Arabia -- The Saudi Authority for Industrial Cities and Technology Zones (Modon) has attracted new investments by partnering with China and Japan to provide third-party services in industrial cities, as part of Modon's strategic vision to be a preferred destination for the growth of investments and the first...

Guangzhou, China - China is committed to enhancing trade and investment ties with the Gulf Cooperation Council (GCC) as part of their efforts to advance Belt and Road cooperation to a new level of higher quality and development, China's Minister of Commerce, Wang Wentao, said on Sunday, Xinhua reported. The...

Washington has said it hopes China's friendship with Hamas-backer Iran could help calm the conflict, particularly after Beijing brokered a detente between long-time foes Tehran and Riyadh this year. China has refrained from explicitly condemning Hamas for the attacks that sparked the war.

"A Free Trade Agreement between the GCC countries and China will be a pivotal channel to amplify GCC-Chinese relations across all sectors, especially in economics and investment. It will play a crucial role in augmenting the mutual benefits and trade exchanges, benefiting numerous countries and their citizens," he adds.

A rare delivery of fuel enters the Palestinian territory; Netanyahu says Hezbollah will make "mistake of its life" if its starts a war with Israel and US says it will "take appropriate action" in response to any escalation in the Middle East.

The package also includes $7 billion for countering China and strengthening allies in the Asia-Pacific region, and over $9 billion for humanitarian assistance for Gaza, Ukraine and Israel. But most importantly, however, the huge funding ask is an attempt to bolster waning support for Ukraine by linking it with funding...

Xi met Egypt's Mostafa Madbouli in Beijing on Thursday, repeating China's support for a "two-state solution... to realise the peaceful coexistence of Palestine and Israel", according to multiple state media outlets. "China is willing to enhance cooperation with Egypt... and inject more certainty and stability into the region and the...

Washington, United States - The United States on Tuesday said it was tightening curbs on exports of state-of-the-art AI chips to China, sending the share price of Nvidia and other semiconductor companies plummeting on Wall Street. The measures are the latest chapter in the policy started under the Trump administration to...

Markets had enjoyed a healthy run Tuesday on optimism that while Israeli Prime Minister Benjamin Netanyahu was preparing for a ground offensive in the blockaded territory, the crisis could be contained.

Riyadh, Saudi Arabia -- Saudi-listed ACWA Power has signed seven cooperation agreements with Chinese firms for solar, green hydrogen and water desalination projects. The agreements, signed during the third Belt and Road Forum held in Beijing on October 17-18, reaffirm ACWA Power’s commitment to collaborative sustainable development by leveraging its...

Beijing has been forced to hand out billions of dollars in bailout loans to BRI countries in recent years to allow the countries to extend their loans and remain solvent, according to a joint report this year by the World Bank and other institutions. And China said this month that...

Last year, the economy grew three percent, far from the official target of 5.5 percent, and one of the slowest rates in four decades. But Stephen Innes, managing partner at SPI Asset Management, warned that China continued to face significant economic risks. "China's high levels of corporate and local government debt,...

Shanghai, China - China will this week weigh into the Israel-Hamas war by sending its special envoy to the Middle East, after the United States asked it to use its influence to stop the conflict from spreading. Washington says it hopes China's friendship with Hamas backer Iran could help calm the...

Cairo, Egypt--Egypt has issued the first sustainable Panda bonds in the Middle East and North Africa worth $500 million with a yield of 3.5% over three years, according to a statement by the Ministry of Finance. The recent bond issuance is guaranteed by international banks including the Asian Infrastructure Investment...

At the top of the invitation list to China's Belt and Road Initiative forum is Russia's President Vladimir Putin, on his first trip to a major global power since the Ukraine invasion threw his regime into international isolation.

Beijing, China - Chinese Foreign Minister Wang Yi is embarking on a visit to the Middle East next week,  state media agency CGTN reported on Sunday. Wang's visit comes amid escalating tensions in the region and reflects China's commitment to playing a more prominent role in the resolution of the...

Wang's remarks, made on a call to his Saudi Arabian counterpart Prince Faisal bin Farhan on Saturday, came as Israel appeared poised for a ground offensive against Hamas fighters in Gaza. Israel should listen earnestly to the calls of the international community and the UN secretary general, and cease its...

The envoy "will visit the Middle East next week to coordinate with various parties for a ceasefire, to protect civilians, ease the situation, and promote peace talks," a CCTV video report said. The report came as Israeli forces appeared poised for a ground offensive into the Gaza Strip already reeling...

The Russian leader's strategic dependence on China has only grown since his invasion of neighbouring Ukraine thrust his country into international isolation. Putin has hardly ventured beyond his country's borders since the war, with next week's trip the first to a major global power

Marrakech, Morocco-- The International Monetary Fund on Tuesday cut its growth forecasts for China and the euro zone and said overall global growth remained low and uneven despite what it called the "remarkable strength" of the U.S. economy. In its latest World Economic Outlook, the IMF left its forecast for...

Benguerir, Morocco - US Treasury Secretary Janet Yellen said on Tuesday she backed efforts to boost the lending firepower of the IMF and World Bank to combat poverty and climate change. Speaking on the sidelines of the IMF-World Bank annual meetings in Morocco, Yellen said the global lending system had already...

Beijing said Tuesday the value of signed construction contracts with partners now totaled two trillion dollars -- roughly the size of the economy of Russia or Canada.

The IMF kept its 2023 global growth forecast unchanged but warned that the economy is "limping along" as inflation remains high and the outlooks for China and Germany were downgraded. The IMF's updated World Economic Outlook still sees growth of 3.0 percent for this year but it cut its forecast...

The shares dropped nearly 9 percent at the close of trading.

BANGKOK, THAILAND - Dry conditions, particularly in China, caused a "historic" global drop in hydropower in the first half of 2023, a new analysis shows, highlighting the effects of climate change. The research by renewable energy think tank Ember argues the drop is a "warning shot that hydro output could negatively...

China while also maintaining ties with the world's second-largest economy. European Commission President Ursula von der Leyen has defined the position as "de-risking rather than decoupling" from China. The approach will likely be at the heart of Borrell's discussions with Chinese officials after the EU has taken a series of...

In a sweeping report on the issue, the United Nations agency detailed the heart-wrenching stories of some of the children affected, and co-author Laura Healy told AFP the data only revealed the "tip of the iceberg," with many more likely affected. According to the prediction of UNICEF report, Floods linked...

Geneva, Switzerland - Global trade growth will be sharply lower than forecast this year as stubborn inflation, high interest rates and the war in Ukraine pressure economies around the globe, the World Trade Organization said on Thursday. Strains in China's vast property market also prompted the WTO to cut its trade...

Hanoi, Vietnam - Vietnam plans to auction the rights to exploit its largest rare earth mine, a project partner said Thursday, as the country looks to compete with China in a sector crucial to high-tech devices. A tender for the mining of the Dong Pao mine, in northern Lai Chau province,...

Tehran, Iran - Iran's top diplomat on Wednesday played down a spat with Saudi Arabia that prompted the cancelation of an Asian Champions League match, insisting relations with its longtime rival were improving. The row, over a statue of assassinated Revolutionary Guards commander Qasem Soleimani in the stadium in Iran's third...

Evergrande estimated it had debts of $328 billion at the end of June.

Brussels is creating a trade armory to protect the bloc from actions by rival countries, including a tool aimed at punishing nations that seek to put pressure on one of its member states. The European Parliament is also set to give its final green light to a mechanism that would allow...

Dubai, UAE - Vice-President and Prime Minister of the UAE Sheikh Mohammed bin Rashid Al Maktoum on Sunday shared a rare video from his visit to China 30 years ago while extending congratulations to China on its 74th National Day.  In a heartfelt message posted in Chinese on Platform X,...

Beijing, China - China on Saturday accused the United States of being an "empire of lies", hitting back after a State Department report claimed Beijing spends billions of dollars to spread disinformation globally. The report, released on Thursday by the US State Department's Global Engagement Center, accused China of financing propaganda,...

Last year, Saudi Arabia led the Middle East in military investments, ranking fifth globally with a defense budget of $75 billion. This surpassed many European nations, emphasizing the strategic defense priorities of Middle Eastern countries amidst global powerhouses. Qatar's military expenditure, meanwhile, reached $15.4 billion last year, ranking close to...

Riyadh, Saudi Arabia--Iran has proposed to Saudi Arabia to set up a working group to look into the idea of cancelling visas between the two countries. In this regard, the Iranian deputy tourism minister traveled to Saudi Arabia to proposed the to Saudi Arabia the idea of visa cancellation. A...

State Department spokesman Matthew Miller said that the State Department has not formally assigned blame but had no reason to doubt Microsoft's finding that the hackers were from China. A State Department report issued Thursday warned in dire terms about China's efforts in the information sphere, saying that Beijing's "digital...

WASHINGTON, US  - China is seeking to surpass the United States as the top power in the world, US Secretary of State Antony Blinken said on Thursday, as he again warned on Taiwan. Successive US presidents have called China the top long-term challenge to the United States, but some US analysts...