Tuesday, July 2, 2024

Economy

ASEAN Express to boost Malaysia’s trade connectivity with China and Southeast Asia

Malaysia’s trade connectivity with Southeast Asia and China received a boost with the launch of the ASEAN Express, an international freight train connecting Malaysia to Thailand, Laos, and China.

China, Japan and South Korea agree to ramp up cooperation in rare summit in Seoul

China has agreed to revive trilateral cooperation with South Korea and Japan to address shared challenges, but also criticized the two countries’ increasing security collaboration with the United States.

Iran and Pakistan agree to boost trade and security cooperation during President Raisi’s visit

The leaders of Iran and Pakistan agreed to strengthen economic and security cooperation as Iranian President Ebrahim Raisi visited Pakistan to mend ties

Key Takeaways: Germany’s leader Scholz meets Chinese President Xi to discuss trade and geopolitical tensions

German Chancellor Olaf Scholz concluded his three-day visit to China with a crucial meeting with Chinese President Xi Jinping on April 16, 2024. The visit was aimed at bolstering business ties with Germany’s largest trading partner while also addressing concerns about China’s increasing exports to Europe

Janet Yellen’s China visit: Tackling US-China trade issues, overcapacity concerns and financial cooperation

U.S. Treasury Secretary Janet Yellen concluded her trip to China, highlighting American concerns over Chinese overproduction, cautioning against support for Russia

Germany overtakes Japan as world’s third-largest economy after Japan slips into recession

Japan, once a titan of the global economy, slipped to number four after Germany overtook as the world's third-largest economy, marking a significant shift in economic power dynamics.

EU-China summit: Chinese and EU leaders agree on need for ‘balanced’ trade ties

At their first in-person summit in four years, China and EU leaders agree to balance their trade relationship, with China seeking to be a 'key partner'.

President Xi and PM Albanese agree to improve China-Australia ties in landmark Beijing meeting

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.

Saudi Arabia unveils masterplan to make KSA global logistics hub

Saudi Crown Prince Mohammed bin Salman has inaugurated a comprehensive master plan aimed at fostering the development of logistical centers within the nation.

Saudi Arabia, Iran and Egypt among 6 new members to join BRICS economic bloc

Saudi Arabia and Iran, along with four other nations, have been invited to become new members of BRICS next year.

Latest News

South Korea’s KAI signs $1.4 billion deal to launch mass production of homegrown KF-21 fighter jets

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