Despite its gains in global trade, the yuan isn’t going to replace the U.S. dollar in global reserve holdings any time soon, Standard Chartered China CEO Jean Lu argued on Wednesday, even as Beijing tries to encourage greater use of the Chinese currency. “There is no way—at least in my career—for the RMB to challenge
U.S.-Canada relations, already tense, are likely to deteriorate further after the United States went ahead early Tuesday with a decision to ban nearly $1 billion worth of Canadian imports, including alcoholic beverages, dairy products and motorcycles. The ban amounts to barely a ripple in $880 billion worth of annual two-way trade between the two northern
Taiwan’s defense minister said Tuesday that existing U.S. arms sales to Taiwan remain unchanged, and that Taipei remains in talks with the U.S. over individual deals. A record $14 billion arms package to the island, however, remains stalled. The minister’s remarks come as concerns mount that President Donald Trump could halt arms sales to Taiwan.
The U.S.-China rivalry has produced an “over-securitization of almost everything,” a leading Chinese strategist said Tuesday, adding that the current moment echoes the period leading up to the Second World War. “In technological innovation, the U.S. has many opportunities and should be more confident in competing [with China],” Yu Tiejun, president of Peking University’s Institute
Three oil tankers linked to Iran have been gradually making their way toward the U.S. after being seized by naval forces when President Donald Trump first imposed a blockade on the regime. The Tifani and Majestic X are now off the coast of Brazil after they were boarded in the Indian Ocean in April, according
British police arrested five men on Sunday on suspicion of preparing an act of terrorism and explosives offenses outside RAF Fairford, a military base in western England that’s operated by the U.S. Air Force. Three suspicious vehicles are being searched, and counterterror officers are leading the investigation. Here’s what to know about the base. Fairford is a
