Global News
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ECONOMIST: Meet China’s new tycoons
Who is winning in Xi Jinping’s economy? Xi jinping has a master plan for China. Its ultimate goal is for the country to be the 21st century’s dominant superpower, both feared and admired. China’s increasing sabre-rattling encapsulates the desire to be fearsome. As for admiration, that is to come from growing economic and technological heft. Here, Mr Xi’s plan involves…
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A million barrels of oil per day could come to market if a nuclear deal is reached with Iran
A million barrels of oil a day could be added to the global energy market if the US and Iran resuscitate the dead nuclear deal from 2015 – but even if they do, it won’t be the “light switch” fix to a global energy crunch, RBC commodities chief Helima Croft said. The US withdrew from the deal in 2018, which…
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U.S. accuses Chinese company of helping ZTE hide business with Iran
The U.S. Commerce Department on Tuesday accused Far East Cable, China’s largest wire and cable manufacturer, of violating U.S. export controls related to shipments of telecommunications equipment to Iran. Far East Cable entered into an agreement in 2013 to buy equipment from Chinese telecommunications equipment maker ZTE Corp. and then contracted with Iranian companies to supply telecommunications equipment and parts,…
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Trump attends long-awaited deposition in NY attorney general’s 3-year probe of his business
Donald Trump arrived Wednesday morning for his long-delayed, court-ordered deposition in New York Attorney General, Letitia James’ three-year probe of the Trump Organization. Trump arrived just before 9 a.m. at the attorney general’s New York City headquarters in a skyscraper on Liberty Street in lower Manhattan. He entered the building’s underground parking garage inside one of three black SUVs in…
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U.S. launches new Africa strategy to counteract Russian, Chinese power
In a newly unveiled Africa strategy, the United States says it will support an arsenal of democratic weapons, ranging from investigative journalism to independent courts, in an attempt to counteract the “harmful activities” of Russia and China on the African continent. The strategy launched by the White House on Monday is the latest chess move in a great-power rivalry that…
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Secretary Blinken to arrive in Congo, Rwanda amid international tensions
U.S. Secretary of State Antony J. Blinken is scheduled to meet with officials in the Democratic Republic of the Congo and Rwanda this week, arriving in the middle of an ongoing conflict between militias and officials in the region. His trip coincides with a recent surge in deadly violence along the borders between Congo, Rwanda and Uganda. Blinken will be…
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Horniman Museum to return 72 artefacts to Nigeria
A London museum says it has agreed to return to Nigeria artefacts looted in the 19th Century from the Kingdom of Benin. The Horniman Museum said ownership of 72 objects would be transferred to the Nigerian government. Items include 12 brass plaques, known as Benin Bronzes, a brass cockerel and a key to the king’s palace. It follows a request…
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Kenya’s Raila Odinga, William Ruto in final election push
The two main candidates are neck and neck ahead of Tuesday’s presidential poll Veteran Kenyan opposition leader Raila Odinga clambered on to the stage to address the ebullient crowd of 20,000 supporters backing his latest run for the presidency. “Kenyans have four big enemies . . . diseases, stupidity, poverty and corruption,” he told those gathered in the central city of Kiambu to cheer…
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US to take part in military exercise near India’s disputed border with China
The United States is to take part in a joint military exercise with India less than 100 kilometers (62 miles) from the South Asian country’s disputed border with China. The military drills will be held in mid-October at an altitude of 10,000 feet in Auli in the Indian state of Uttarakhand and will focus on high-altitude warfare training, according to…
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New centrist party emerges in the US to challenge Republicans, Democrats
Dozens of former Republicans and Democrats have announced the formation of a new centrist political party aimed at attracting the support of voters who have become dissatisfied with America’s two major political parties. The party, called Forward, is led by former Democratic presidential candidate Andrew Yang alongside former Republican New Jersey Gov. Christine Todd Whitman and ex-GOP lawmaker David Jolly.…
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