Why More African Economies Are Embracing the Chinese Yuan
Ethiopia and Kenya lead a shift from dollar to yuan debt swaps, cutting interest costs and simplifying trade with direct currency convertibility via systems like CIPS.
World
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China Eastern Restarts India Flights After 5-Year Hiatus
China Eastern Airlines has resumed direct flights to India after a five-year pause, reopening routes between the Chinese mainland and India and boosting travel and business ties.
China and EU Team Up to Shape a Stable Multipolar World
China’s ambassador to the EU marks 50 years of ties, urges a stable multipolar world, stronger trade cooperation, and mutual respect on core interests.
South Korea & US Seal Tariff Cut to 15% and Boost Security
South Korea and the US finalized a $350B investment and tariff deal, capping SK goods tariffs at 15% and boosting defense ties with increased spending and submarine-building approval.
Ishiba Challenges Takaichi’s Taiwan Contingency Claims
Former Japanese PM Shigeru Ishiba slammed PM Takaichi’s remarks on a Taiwan contingency, sparking debate with China’s FM warning of consequences.
Ukraine Rules Out New Peace Talks Until Year-End
Ukraine won’t restart peace talks with Russia until end of 2025, citing no progress. EU eyes €6B from frozen assets, while experts watch US and Brussels moves.
US to Lift Tariffs on Coffee & Bananas from 4 Latin American Countries
US will remove tariffs on coffee, bananas and other foods from Argentina, Ecuador, Guatemala, and El Salvador, aiming to lower prices and boost trade by year-end.
U.S. Urges UN to Back Trump’s Gaza Peace Plan 🤝
The U.S. is calling on the UN Security Council to unite behind Trump’s Gaza plan, aiming to turn a fragile ceasefire into lasting peace. 🕊️
BBC Apologizes to Trump but Refuses $1B Demand Over Panorama Edit
The BBC apologized to U.S. President Donald Trump over its Panorama edit of his Jan 6 speech but refused the $1 billion defamation demand, saying there’s no legal basis.
China summons Japan ambassador over Takaichi’s Taiwan Strait warning
China summons Japan’s ambassador after PM Takaichi warned that the Chinese mainland’s use of force on the Taiwan region could threaten Japan, marking Taiwan as Beijing’s red line.