Negotiators at COP27 in Sharm el-Sheikh braced for battle over how and when to deliver climate funding. The topic of “loss and damage” has emerged as a pivotal issue during UN talks. G77+China group of developing nations call for special funds to help deal with the costs of climate impacts. Tuesday, negotiators at the COP27 … Read more
China’s crude oil throughput increased by 0.8% in October. Refiners increased processing to export more refined fuel. Natural gas output jumped 12.3% from October to 18.5 billion cubic metres in November. China’s crude oil throughput increased by 0.8% in October compared to the same month a year earlier, according to data released on Tuesday, as … Read more
US President Joe Biden and Chinese President Xi Jinping met for the first time on Monday. The two discussed Taiwan, North Korea and Russia’s invasion of Ukraine. It was Mr. Biden’s first face-to-face encounter with Mr. Xi since taking office. Following a cordial meeting with Chinese President Xi Jinping, US President Joe Biden declared there … Read more
ASEAN is “the heart of my administration’s Indo-Pacific strategy,” VP Biden says. Joe Biden will meet with Chinese President Xi Jinping on Monday. Budget request for $850 million in assistance for Southeast Asia highlights U.S. commitment to ASEAN. Prior to a crucial meeting with Chinese President Xi Jinping scheduled for Monday, President Joe Biden stressed … Read more
Paula Leung was sentenced to three months in jail for insulting China’s national anthem. Leung carried a British colonial-era flag after Hong Kong won Olympic fencing gold. At the 1996 Atlanta Olympics, windsurfer Lee Lai-shan won Hong Kong’s lone gold medal. The first person to be imprisoned in the city on a charge of insulting … Read more
China’s zero-Covid policy has taken a heavy toll on the economy and the lives of common people. Public apathy toward lockdowns and travel restrictions is growing. More than 10,500 new Covid cases were reported on Thursday, the highest daily number since April. Despite the fact that the number of Covid cases is at its highest … Read more
US President Joe Biden and Chinese leader Xi Jinping will discuss Taiwan when they meet next week. It will be their first face-to-face meeting since Mr. Biden took office in 2020. Relations between the two nations are currently at an all-time low. When US President Joe Biden and Chinese leader Xi Jinping meet next week … Read more
The most senior Communist Party official detained in connection with the Tiananmen demonstrations that shook Beijing in 1989, Bao Tong, has passed away at the age of 90. During pro-democracy demonstrations in the 1980s, he promoted political reform. His name is still unreachable on Weibo, China’s tightly controlled equivalent of Twitter. The most senior Communist … Read more
BRF recorded a quarterly net loss of 137 million reais ($26 million). Analysts polled by Refinitiv had predicted a 64.8 million real profit. High-interest rates have a negative impact on business profits by increasing the cost of its debt. Wednesday, Brazilian food processor BRF SA (BRFS3.SA) reported a net loss that decreased in the third … Read more
BEIJING: The Pakistan government and army have been providing strict security protection to the Chinese projects, Chinese Foreign Ministry spokesperson Zhao Lijian said on Wednesday. “We have worked in Pakistan for a long time. Based on my understanding, the Pakistani government and military there have been providing strict security protection for the Chinese projects,” he … Read more
Guangzhou recorded 2,637 local infections on Tuesday, making up roughly one-third of all new cases in China. The 19 million-person city has emerged as the focal point of China’s most recent Covid outbreak. Over 40 subway stations have been closed as part of the citywide rollout of mass testing in nine districts. Guangzhou recorded 2,637 … Read more
Canada’s Prime Minister Justin Trudeau has charged China with attempting to sway the nation’s elections. Beijing is allegedly targeting Canadian institutions and engaging in “aggressive games” with democracies. Local media report that Canadian intelligence identified a “clandestine network” of Beijing-backed candidates. Justin Trudeau, the prime minister of Canada, has charged China with attempting to sway … Read more
COP27 developing countries must collaborate with investors, wealthy nations, and development institutions to raise $1 trillion per year in external financing. The report was released before discussions on climate change finance at the COP27 summit in Egypt. It was projected that the yearly investment needs of emerging countries would reach $2.4 trillion by 2030. A … Read more
The Pakistan Stock Exchange KSE-100 shares Index gained 191.05 points, or 0.46 per cent to close at 42,047.36 points. Analysts expect the market to perform well on the back of fresh dollar inflows. They are suggesting investors adopt a “Buy on Dip” strategy in the upcoming sessions. KARACHI: The Pakistan bourse closed on a higher … Read more
Olaf Scholz, the chancellor of Germany, has appealed to Xi Jinping, the president of China, for assistance in putting an end to the war in Ukraine. He said he told Xi that China is “a great country” and urged for it to take responsibility for peace. Olaf Scholz, the chancellor of Germany, has appealed to … Read more
Prime Minister Shehbaz Sharif met with Chinese Premier Li Keqiang The two sides also held delegation-level talks to strengthen mutual cooperation. PM Shehbaz Sharif also met Chinese President Xi Jinping BEIJING: Prime Minister Shehbaz Sharif on Wednesday met with Chinese Premier Li Keqiang and agreed to expand the China-Pakistan Economic Corridor (CPEC) besides ensuring the … Read more
ISLAMABAD: Prime Minister Shehbaz Sharif on Tuesday arrives in Beijing on a two-day visit to China. Senior Chinese officials received the prime minister and his delegation at Beijing Airport. This is his first official visit to China after assuming office. The prime minister will meet Chinese President Xi Jinping and Premier Li Keqiang. He will … Read more
Brent crude for January delivery fell 4 cents to $92.77 per barrel. U.S. West Texas Intermediate (WTI) crude declined 18 cents, or 0.2%, to $86.35. China’s 19 crude oil import restrictions forced the temporary shutdown of Disney’s Shanghai resort. Oil prices declined on Tuesday, extending losses of 1% from the previous session, as expectations of … Read more
