China has formally moved to counter U.S. sanctions targeting five of its oil refineries, intensifying tensions between the world’s two largest economies over energy trade and the enforcement of unilateral sanctions. In a statement issued by the Ministry of Commerce, Beijing announced a legal injunction prohibiting the recognition or enforcement of U.S. measures imposed on […] Read more
BEIJING — China, possessor of the world’s largest oil refining sector, has announced its readiness to assist Southeast Asian nations in mitigating energy security challenges arising from the ongoing war in Iran. In a statement on Thursday, Beijing also issued a call for an immediate cessation of military operations in the Middle East to stabilize […] Read more
In the face of a deepening humanitarian crisis in Gaza, the United Nations Security Council has once again failed to take decisive action on the Israel-Hamas conflict. On Wednesday, Russia and China exercised their veto power to block a United States resolution that called for a humanitarian pause. The proposed pause aimed to allow humanitarian […] Read more
China is in mourning as former Premier Li Keqiang passed away unexpectedly at the age of 68 in Shanghai, as reported by Chinese state media. Li suffered a heart attack and was unable to be revived, according to China’s Xinhua news agency, leaving the nation in shock and sadness. The state broadcaster CCTV confirmed, “Comrade […] Read more
The U.S. lags behind China and Europe when it comes to production and uptake of electric vehicles domestically, according to a new study by the International Council on Clean Transportation — and that gap widened from 2017 to 2020. The world manufactured more than 10 million electric passenger vehicles between 2010 and 2020, according to […] Read more
U.S. Senate Majority Leader Chuck Schumer said on Tuesday he has directed lawmakers to craft a package of measures to counter China’s rise, capitalizing on bipartisan hardline sentiment on Beijing in Congress to strengthen the U.S. tech sector and counter unfair practices. Schumer said at a weekly press conference that he has directed committees to […] Read more
NATO Secretary-General Jens Stoltenberg sees no imminent threats to members of the 30-country alliance, even in the face of a rising China and worsening relations with Russiam “Those two nations [China and Russia] are two very different challenges for NATO. We don’t see any imminent threat against any NATO ally,” Stoltenberg told Hadley Gamble from […] Read more
What is diabetes and why are so many people suffering from diabetes in China? The outbreak of the deadly novel coronavirus, which was first reported in Wuhan, China, has been capturing the world’s attention since the start of the year. Yet while health experts hope that Covid-19 may eventually be contained, the nation continues to […] Read more
Stock markets around the world are tumbling into correction territory as fears of a possible pandemic escalate, with cases of the new coronavirus surging outside China. More than 83,000 people in around 50 countries have now been infected. World Health Organization Director General Tedros Adhanom Ghebreyesus said on Thursday that the virus has “pandemic potential.” […] Read more
OPEC has dramatically lowered its forecast for oil demand growth this year, citing China’s coronavirus outbreak as the “major factor” behind its decision. In a closely-watched monthly report published Wednesday, the Middle East-dominated producer group downwardly revised its outlook for global oil demand growth to 0.99 million barrels per day (bpd) in 2020. That’s down […] Read more
