China

China Praises Afghanistan for Fight Against Chinese Separatist Group

BEIJING, Aug 1 – China’s defence minister met the head of Afghanistan’s army, thanking him for Kabul’s support in fighting what Beijing says is an extremist group that seeks to split off its western region of Xinjiang. China has long been concerned that instability in Afghanistan will spill over into violence-prone Xinjiang, home to the

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Didi To Merge With Uber China Operations in $35 Billion Deal

By Heather Somerville Aug 1 – China’s dominant ride-hailing firm Didi Chuxing will merge with Uber’s business in China in a $35 billion deal that will end bruising competition between the two firms, according to a source familiar with the matter. The deal between the pair – which have been spending heavily to gain market

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With Eye on China, India Doubles Down on Container Hub Ports

By Nidhi Verma and Krishna N. Das NEW DELHI, July 28 – An Indian conglomerate has started building the country’s first transshipment port, conceived 25 years ago, and the government will construct another $4-billion facility nearby to create a shipping hub rivaling Chinese facilities in the region. New Delhi will grant billionaire Gautam Adani 16

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UK’s Hammond: Brexit Path Might Be Clearer Later This Year

CHENGDU, China, July 24 – Britain’s new finance minister Philip Hammond sought to address concerns among global finance chiefs about the uncertain path ahead for the country’s exit from the European Union, saying there could be more clarity later this year. But Hammond also warned that volatility in financial markets was possible throughout the two-year

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After Decades of Mistrust, Pope Pushes for Breakthrough With China

By Lisa Jucca, Benjamin Kang Lim and Greg Torode HONG KONG/BEIJING, July 14 – Pope Francis is leading a determined push to fundamentally alter the relationship between the Vatican and China, which for decades has been infused with mutual suspicion and acrimony. Interviews with some two dozen Catholic officials and clergy in Hong Kong, Italy

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China’s Legal Setback Could Spur More South China Sea Claims

By Anthony Deutsch and Toby Sterling AMSTERDAM, July 14 – China’s resounding defeat in a legal battle with the Philippines over territorial claims in the South China Sea could embolden other states to file lawsuits if Beijing refuses to compromise on access to the resource-rich region. There are several avenues for litigation that countries could

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China Vows to Protect South China Sea Sovereignty After Ruling

By Ben Blanchard and Martin Petty BEIJING/MANILA, July 13 – China vowed to take all necessary measures to protect its sovereignty in the South China Sea and said it had the right to set up an air defence zone, after rejecting an international tribunal’s ruling that denied its claims in the region. State media called

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Business Outlook: What’s on Tap for Investors in July?

BY Christopher Dembik Traditionally, July is a relatively stable month for investors. However, in recent years, they have learned the hard way that there is no longer a quiet summer in financial markets. Investors will have to watch out for three main events next month that can influence financial assets. Fed on Standby The first

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Russia Secures Energy Deals, Talks Security With China as Putin Visits

By Denis Dyomkin BEIJING, June 25 – Russia and China sealed a raft of energy deals during President Vladimir Putin’s visit to Beijing on Saturday, strengthening economic ties while pledging to preserve the strategic balance of power among nations. The deals involve the sale of stakes in a number of Russian projects to Chinese firms,

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Test of Faith

For Muslims in Denmark, China and Cuba, practicing their religion comes with a unique set of challenges. BY Arfa Shahid The Islamic month of Ramadan is a momentous time for Muslims around the world. It is a highly-revered time for the faithful, as the holy Quran was believed to have been revealed to the Prophet

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