Asian supply chain pact takes aim at China

posted in: Far East, News

A move by India, Japan and Australia last month to collectively boost supply chain resilience could eventually squeeze China out of the trios’ supply chains for sectors such as semiconductors, batteries and rare earths, experts say. The Indian, Japanese and … Read More

Biden losing friends and gaining enemies

Biden’s unforced errors are killing America in the grand geopolitical game of the 21st century. US President Joe Biden speaks about foreign policy at the State Department in Washington on February 4, 2021. Photo: AFP / Saul Loeb US President … Read More

Hundreds evacuated as wildfires tear through Western Australia

Jan. 5 (UPI) — Hundreds of residents in Western Australia were forced to flee from their homes Tuesday as a series of out-of-control wildfires ripped through the state amid scorching temperatures. Gusty winds combined with temperatures of almost 100 degrees in … Read More

Bushfire trauma ‘can linger for years’

The emotional and psychological effects of bushfires can last for years, Australian Red Cross says. People whose lives were devastated by last summer’s bushfires could face increased trauma during the upcoming anniversary, the Australian Red Cross says. Australian Red Cross … Read More

Cities in China go dark as electricity is rationed for millions

posted in: Far East, News

In the city of Yiwu in eastern China, authorities turned off streetlights for several days and ordered factories to open only part-time. In coastal Wenzhou, the government ordered some companies not to heat their offices unless temperatures are close to … Read More

China joins massive Asian trade deal, a symbolic step to set standards without the U.S.

posted in: Far East, News

The Regional Comprehensive Economic Partnership (RCEP) Agreement was signed yesterday, promising to set trading standards for 10 Southeast Asian countries plus China, Australia, New Zealand, South Korea, and Japan. The deal is a strategic, but mostly symbolic win for China. … Read More

China is leading a 15-nation pact that would create the world’s biggest trade deal. The US isn’t in it.

posted in: News, World News

Joern Pollex/Getty Images Global trade is marching on with or without the US. Next year, the world’s biggest free trade deal could be signed. The Regional Comprehensive Economic Partnership (RCEP) would be made up of 15 countries. The US and … Read More

Australia considering taking China to World Trade Organisation

posted in: Far East, News

Trade Minister Simon Birmingham says Australia is considering taking China to the World Trade Organisation as trade tensions continue to boil over. Earlier in the year, China introduced an 80 percent tariff on Australian barley. “There is a pattern of … Read More

Brexit: Boris Johnson calls Emmanuel Macron as deadline looms

Fishing remains one of the key sticking points of negotiations – Getty Images Boris Johnson has told the French president the UK wants to “explore every avenue” to secure a post-Brexit trade deal with the EU, days before the PM’s … Read More

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