Russia and China Seal Economic Pacts Despite Western Disapproval
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Oil Slips Despite Middle East Fears, China's Economic Growth
Oil prices are edging lower despite fears of escalating hostilities in the Middle East and China’s stronger-than-expected economic growth in the first quarter.The Wall Street Journal - World - China -
China’s economic growth hits 5.3%
Annual figure for first quarter beats expectations as Beijing seeks manufacturing-led revivalFinancial Times - Business - China -
Western Governments Press Beijing to Use Its Influence With Russia, Iran
German Chancellor Olaf Scholz and two of President Biden’s top diplomats for East Asia used trips to China this week to encourage Beijing to scale back its economic support for Russia and get Moscow to take part in peace talks.The Wall Street Journal - World - Iran -
Meloni Seeks China Reset After Italy Ditches Belt and Road Pact
Yahoo News - World - China -
How Russia and China are ridiculing America
China has now followed Russia’s lead on propaganda — especially when it comes to portraying America as the land of evil.The Hill - Politics - China -
EU asylum and migration pact has passed despite far right and left’s objections
Long-awaited package of measures marks victory for Europe’s centre albeit with ‘doubts and concerns’ over implementation. Almost a decade in the making, the EU’s new migration and asylum pact suffered so many setbacks, stalemates and rewrites that ...The Guardian - World - European Union -
The untold human stories of China’s economic boom
There’s a personal dimension to the nation’s rapid transformation that is crucial to our understanding of it — yet mostly hidden from viewFinancial Times - Business - China -
China's Factories Drive Uneven Economic Recovery
The world’s second-largest economy grew 5.3% to start the year, but there were familiar signs of weakness in consumption and real estate.The Wall Street Journal - World - China -
Russia and China Double Down on Defying U.S.
Meetings between senior officials from Beijing and Moscow came against a backdrop of a growing tussle for influence in the global south.The Wall Street Journal - World - China -
Yellen Warns China on Exports and Russia Support
Beijing’s economic policies threaten American workers, Treasury Secretary Janet L. Yellen told Vice Premier He Lifeng in the southern city of Guangzhou.The New York Times - Business - China -
The German chancellor presses China on Russia's invasion of Ukraine
German Chancellor Olaf Scholz says he asked Chinese leader Xi Jinping to pressure Russia to end its “insane campaign” in Ukraine, the latest in a parade of European leaders and senior officials to make such an appealABC News - World - China -
Philips shares climb after finalizing pact with U.S. over device sales
Philips reiterated its financial outlook on Wednesday after finalizing a consent degree with the U.S. Department of Justice and Food and Drug Administration that will prevent it from selling new respiratory care devices in the U.S. but will allow ...MarketWatch - Business -
Treasury yields jump by most since 2022-2023 after hotter-than-expected CPI inflation report
Two- and 10-year Treasury yields leapt by the most in at least a year on Wednesday, after March’s hotter-than-expected consumer-price index report threw doubts on the Federal Reserve’s ability to cut interest rates by June.MarketWatch - Business -
Ratings agency downgrades China debt outlook over economic uncertainty
Fitch cut to negative comes as country moves away from reliance on growth from property sectorYahoo Sports - Sports - China -
Chipmaker TSMC posts sharpest increase in sales since 2022 following AI boom
Taiwan Semiconductor Manufacturing Co, which supplies chips to Apple and Nvidia, saw its sales increase 16.5% in the first quarter of 2024MarketWatch - Business -
FCC’s new ‘nutrition labels’ for broadband internet aim to show you exactly what you’re paying for
Americans often aren’t clear on what they’re getting from their internet service providers, and that has spurred a new requirement from the Federal Communications Commission that takes effect Wednesday.MarketWatch - Business -
Tesla reportedly in talks to set up India venture
Tesla is in talks with Reliance Industries to set up manufacturing in India, according to a published report.MarketWatch - Business - Tesla -
FAA reportedly investigating whistleblower claims alleging flaws in Boeing’s 787 Dreamliner
A whistleblower has reportedly complained to federal regulators that Boeing Co. overlooked safety concerns in the production of its 787 Dreamliner jets.MarketWatch - Business -
Where home-insurance costs are rising the fastest in the U.S. — it’s not California or Florida
Homeowners across the nation are grappling with the rising cost of home insurance. But the sharpest hikes aren’t being felt in the most disaster-prone markets, according to a new report.MarketWatch - Business - California -
Chip makers are in an arms race and ASML is the arms dealer, hedge fund manager says
ASML is best placed to capitalize on the “gold rush” surrounding AI as it sells the tools required to make cutting edge AI chips, Vijay Shilpiekandula said in his winning pitch at the Sohn ConferenceMarketWatch - Business -
Fitch cuts China credit outlook to negative on ‘uncertain economic prospects’
Rating agency voices concern as Beijing transitions from property-led growth modelFinancial Times - World - China -
China's middle class rode an economic 'miracle' — now they're struggling to hang on
China's middle class is facing new uncertainty as a sluggish economic recovery after Covid-19 challenges President Xi Jinping's focus on national security.NBC News - Top stories - China -
Biden and Kishida Agree to Tighten Military and Economic Ties to Counter China
President Biden is hosting Japan’s prime minister, Fumio Kishida, for a state visit as part of a broad diplomatic outreach.The New York Times - Top stories - Joe Biden -
Why China’s economic woes should raise concern for the West
Given its declining economic strength and related concerns over losing global influence, Beijing may suspect the West of trying to take advantage of China, possibly prompting it to pre-empt any real or imagined attempt to do so. For this reason, ...The Hill - Politics - China -
Asia to Keep Growing Despite China Slowdown, ADB Says
Asia’s economic expansion is expected to remain healthy this year despite a slowdown in China and uncertainty abroad, the Asian Development Bank said as it revised up forecasts for the region.The Wall Street Journal - World - China -
‘Blowout’ US retail sales shake bond and currency markets
Government debt sells off and dollar gains as latest sign of hot economy cools hopes of interest rate cutsFinancial Times - Business -
Xi of China Meets With Russia’s Foreign Minister, Reaffirming Ties
The visit came days after the U.S. threatened new sanctions against Chinese companies if they aided Russia’s war in Ukraine.The New York Times - World - China -
China and Russia pledge to work together to maintain ‘supply chain stability’
Agreement to seek ‘more active’ convergence comes days after US warned Beijing not to help Moscow’s war effortFinancial Times - World - China -
China Has Helped Russia Boost Arms Production, U.S. Says
Beijing’s support is helping Moscow at a critical stage in its war in Ukraine war, officials say.The Wall Street Journal - World - China -
China supporting Russia in massive military expansion, US says
Beijing helping with drone production, space-based capabilities and ballistic missile production. China is helping Russia undertake its biggest military expansion since Soviet times, ramping up sales of machine tools, microelectronics and other ...The Guardian - World - China -
US says China is supplying missile and drone engines to Russia
Washington calls on EU to use influence in Beijing to halt weapons transfers to MoscowFinancial Times - World - China -
Scholz warns China not to support Russia ahead of meeting with Xi
Yahoo News - World - China -
Russia launched a major missile-and-drone assault on Ukrainian power stations, part of a new campaign to exploit delays in Western aid for Kyiv to press Moscow's advantage in the war.
Russia launched a major missile-and-drone assault on Ukrainian power stations, part of a new campaign to exploit delays in Western aid for Kyiv to press Moscow’s advantage in the war.The Wall Street Journal - World - Ukraine -
A tepid economic recovery, fear of Russian aggression, and the prospect of a Trump electoral victory in the U.S. are nudging Europe closer to China.
A tepid economic recovery, fear of Russian aggression, and the prospect of a Trump electoral victory in the U.S. are nudging Europe closer to China.The Wall Street Journal - World - Donald Trump -
Middle East oil shock would lead to higher interest rates, warns IMF; FTSE 100 tumbling – business live
IMF scenario shows how a 15% jump in oil prices would push up global inflation by 0.7 percentage points. Try the Be the Chancellor toolUK unemployment rate leaps to 4.2% amid fears of job cutsThe Resolution Foundation have dug into today’s UK jobs ...The Guardian - World -
Russia and China pledged to deepen their growing alliance and shared opposition to what they describe as the U.S.'s attempts to dominate the world order.
Russia and China pledged to deepen their growing alliance and shared opposition to what they describe as the U.S.’s attempts to dominate the world order.The Wall Street Journal - World - China -
German chancellor urges Xi Jinping to press Russia to end Ukraine war, saying ‘China’s word carries weight’
Olaf Scholz says Chinese president agreed to back June peace talks that Russia is not attending while Xi says efforts for a resolution must involve both sides. Germany’s chancellor, Olaf Scholz, says he has urged Xi Jinping to press Russia to end ...The Guardian - World - China -
U.S. envoy to U.N. urges Russia and China not to ‘reward’ North Korea’s bad behavior
Linda Thomas-Greenfield, the U.S. ambassador to the United Nations, urged Russia and China on Tuesday to stop rewarding North Korea’s bad behavior.NBC News - Top stories - China -
EU migration pact reaches denouement
Also in this newsletter: can social media influencers help protect EU elections?Financial Times - World - European Union -
Western business, the Kremlin and the war
This collection of articles explores the fallout of the war in Ukraine on Western companies operating in RussiaFinancial Times - World - Russia