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Business & Economy

US and China spar with warnings about misunderstandings and miscalculations

BEIJING (AP) — U.S. Secretary of State Antony Blinken met Friday with Chinese President Xi Jinping and senior Chinese officials, stressing the importance of “responsibly managing” the differences between the United States and China as the two sides butted heads over a number of contentious bilateral, regional and global issues.

Xi meets Blinken, stresses major country responsibilities for China, U.S.

BEIJING, April 26 (Xinhua) -- Chinese President Xi Jinping on Friday urged China and the United States to shoulder responsibilities for world peace and create opportunities for the development of all countries.

Xi made the remarks when meeting with U.S. Secretary of State Antony Blinken in Beijing.

As major countries, China and the United States should set a good example of how major countries are supposed to act, provide global public goods, and contribute to world solidarity, Xi added.

Turkish President Met Hamas Leader In Istanbul

ISTANBUL, Apr 21 (NNN-TRT) – Turkish President, Recep Tayyip Erdogan, met yesterday, with Head of the Hamas Political Bureau, Ismail Haniyeh, in Türkiye’s largest city, Istanbul.

The meeting, which commenced at 2:30 p.m. local time (1130 GMT), was held behind closed doors at the Dolmabahce presidential working office, as reported by NTV broadcaster.

Both leaders were anticipated to discuss the ongoing Israeli attacks and the humanitarian situation in the Gaza Strip, as well as, ceasefire efforts, NTV added.

Venezuela rejects U.S. attempt to "control" its oil industry

CARACAS, April 18 (Xinhua) -- Venezuela on Thursday again rejected "the United States government's intention to monitor, protect, control and manipulate the Venezuelan oil industry."

At a press conference, Foreign Affairs Minister Yvan Gil read a statement confirming that "Venezuela will never recognize and accept" the "illegal policy of imposing coercive measures and licenses" against the South American nation by the United States.

USA: House’s Ukraine, Israel aid package gains Biden’s support as Speaker Johnson fights to keep his job

WASHINGTON (AP) — President Joe Biden said Wednesday he strongly supports a proposal from Republican House Speaker Mike Johnson to provide aid to Ukraine, Israel and Taiwan, sending crucial bipartisan support to the precarious effort to approve $95 billion in funding for the U.S. allies this week.

Xi meets German chancellor, calls for achieving mutual success

BEIJING, April 16 (Xinhua) -- Chinese President Xi Jinping met with German Chancellor Olaf Scholz on Tuesday at the Diaoyutai State Guesthouse in Beijing, calling on the two sides to carry forward the distinctive characteristics of mutual benefit and win-win outcomes and achieve mutual success.

Singapore: Lee To Be Made Senior Minister In New Cabinet

SINGAPORE, April 16 (Bernama) — Singapore Prime Minister Lee Hsien Loong will remain in the new Cabinet as a senior minister, local media reported, quoting Deputy Prime Minister Lawrence Wong on Tuesday.

The Straits Times reported that Wong, who is set to assume the role of Singapore’s Prime Minister from Lee on May 15, will announce details of his new Cabinet in a press conference a few days before the swearing-in ceremony.

IMF Revises Malaysia’s 2024 GDP Higher To 4.4 pct

KUALA LUMPUR, April 17 (Bernama) — The International Monetary Fund (IMF) has revised the outlook for Malaysia’s real gross domestic product (GDP) by a notch to 4.4 per cent this year from its earlier prediction of 4.3 per cent.

Malaysia’s economy expanded by 3.7 per cent in 2023.

In its latest World Economic Outlook (WEO) entitled “Steady but slow, resilience amid divergence”, IMF predicted the GDP growth to remain at 4.4 per cent in 2025.

It projected Malaysia’s current account balance at 2.4 per cent in 2024 and 2.7 per cent in 2025.

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