China Us Trade War

At least 11 people were killed after Iran and Pakistan traded airstrikes this week, signalling a worrying escalation of armed conflict in a Middle East already wracked by bloodshed, after Israel's war on Gaza and attacks by the Houthi militants.

China announced on Friday new curbs on exports of certain types of graphite, key to making batteries for electric vehicles, days after the United States slapped fresh restrictions on outflows of high-tech microchips.

The US Department of Defense is considering the development of a vast network of Artificial Intelligence-powered technology, drones and autonomous systems within the next two years to counter threats from China, the Wall Street Journal reported.

China and the United States on Monday agreed to set up a working group to "seek solutions on trade and investment issues and to advance US commercial interests in China," Washington's Department of Commerce said.

China is looking forward to in-depth discussions with the United States on resolving economic and trade issues when its commerce secretary, Gina Raimondo, visits next week, China's commerce ministry spokesperson said on Thursday.

US Commerce Secretary Gina Raimondo will visit China from August 27 to 30 for "constructive discussions" on a host of issues. Gina Raimondo has been invited by her Chinese counterpart Wang Wentao.

The relations between US and China have been tense for years over a number of issues including Taiwan, trade and war in Ukraine.

After retaining control of the US Senate, a politically stronger Joe Biden is headed for his first in-person meeting with his Chinese counterpart Xi Jinping on the Indonesian island of Bali on Monday.

Global crude markets have been whiplashed since Russia invaded Ukraine on February 24, with Brent and US futures trading above $100 for most of that duration, but benchmark crude prices fell in the latest trading week.

Crude oil prices recovered some of their losses during a volatile trading session on Wednesday after crashing over 5 per cent previously.

The ebb and flow in investors' sentiment on global crude's demand-supply dynamics pushed futures down over 1 per cent on Tuesday; with the Russia-Ukraine war intensifying, supply concerns limited losses.

The wild gyrations in crude markets continued on Tuesday, with Brent oil prices trading nearly 3 per cent higher and back up above $100 after briefly languishing below that level in the previous session.

Oil prices rose early on Wednesday, reversing losses in the previous two sessions when trading tracked the news from Russia-Ukraine peace talks, but a fall in American crude stockpiles put the focus back on supply shocks.

President Joe Biden said his administration is working on removing tariffs on Chinese goods imposed by his predecessor, but Beijing will have to do more to meet its trade commitments.

The US Senate voted 68-32 to approve a sweeping package of legislation intended to boost the country's ability to compete with Chinese technology.

At least 11 people were killed after Iran and Pakistan traded airstrikes this week, signalling a worrying escalation of armed conflict in a Middle East already wracked by bloodshed, after Israel's war on Gaza and attacks by the Houthi militants.

China announced on Friday new curbs on exports of certain types of graphite, key to making batteries for electric vehicles, days after the United States slapped fresh restrictions on outflows of high-tech microchips.

The US Department of Defense is considering the development of a vast network of Artificial Intelligence-powered technology, drones and autonomous systems within the next two years to counter threats from China, the Wall Street Journal reported.

China and the United States on Monday agreed to set up a working group to "seek solutions on trade and investment issues and to advance US commercial interests in China," Washington's Department of Commerce said.

China is looking forward to in-depth discussions with the United States on resolving economic and trade issues when its commerce secretary, Gina Raimondo, visits next week, China's commerce ministry spokesperson said on Thursday.

US Commerce Secretary Gina Raimondo will visit China from August 27 to 30 for "constructive discussions" on a host of issues. Gina Raimondo has been invited by her Chinese counterpart Wang Wentao.

The relations between US and China have been tense for years over a number of issues including Taiwan, trade and war in Ukraine.

After retaining control of the US Senate, a politically stronger Joe Biden is headed for his first in-person meeting with his Chinese counterpart Xi Jinping on the Indonesian island of Bali on Monday.

Global crude markets have been whiplashed since Russia invaded Ukraine on February 24, with Brent and US futures trading above $100 for most of that duration, but benchmark crude prices fell in the latest trading week.

Crude oil prices recovered some of their losses during a volatile trading session on Wednesday after crashing over 5 per cent previously.

The ebb and flow in investors' sentiment on global crude's demand-supply dynamics pushed futures down over 1 per cent on Tuesday; with the Russia-Ukraine war intensifying, supply concerns limited losses.

The wild gyrations in crude markets continued on Tuesday, with Brent oil prices trading nearly 3 per cent higher and back up above $100 after briefly languishing below that level in the previous session.

Oil prices rose early on Wednesday, reversing losses in the previous two sessions when trading tracked the news from Russia-Ukraine peace talks, but a fall in American crude stockpiles put the focus back on supply shocks.

President Joe Biden said his administration is working on removing tariffs on Chinese goods imposed by his predecessor, but Beijing will have to do more to meet its trade commitments.

The US Senate voted 68-32 to approve a sweeping package of legislation intended to boost the country's ability to compete with Chinese technology.