Australian Prime Minister Anthony Albanese reported "significant progress" in relations with China following talks with President Xi Jinping in Beijing during his four-day state visit.
Top US and Chinese officials met in Malta over the weekend to smooth strained relations and clear a path for a potential meeting of their respective presidents in November.
Apple faced a significant setback as its shares plummeted by 2.9% following the reports of China contemplating an expansion of its ban on the use of iPhones.
Amidst the escalating real estate crisis in China, Evergrande, a prominent player in the property sector, has sought bankruptcy protection in the United States aimed to safeguard its assets within the US while engaging in negotiations for an agreement with its creditors.
Qin Gang, 57, has been replaced by 69-year-old Wang Yi, who had previously served as the foreign minister and is now President Xi Jinping's top foreign policy adviser.
Nine years after the development of South Korea’s KF-21 Boramae began, the Korean government finalized a significant deal with Korea Aerospace Industries for the production of 20 fighter jets
