Iraq balks at greater Chinese control of its oilfields

Iraq persuaded Lukoil to halt sale to Sinopec – sources Baghdad concerned China becoming too dominant – sources Western firms not happy with terms of Iraqi deals LONDON / BASRA, May 17 (Reuters) – Iraq’s oil ministry thwarted three prospective deals last year that would have given Chinese firms more control over its oilfields and … Read more

US hails ‘new era’ with ASEAN as summit commits to raise level of ties

WASHINGTON, May 13 (Reuters) – US President Joe Biden said on Friday a first summit in Washington with leaders from the Association of Southeast Asian Nations (ASEAN) marked the launch of a “new era” in the relationship between the United States and the 10-nation bloc. In a joint 28-point “vision statement” after a two-day meeting, … Read more

N.Korea reports first COVID-19 outbreak, orders lockdown in “gravest emergency”

North Korea declares ‘gravest national emergency’ Potential for ‘unprecedented crisis’ for Kim Jong Un – expert Isolated state has declined int’l offer of vaccine No North Korean civilians are believed to have been vaccinated SEOUL, May 12 (Reuters) – North Korea confirmed its first COVID-19 outbreak on Thursday, calling it the “gravest national emergency” and … Read more

South Korea hunts tungsten treasure in race for rare minerals

S.Korean tungsten mine gets $ 100 million makeover Dozens of new mineral projects launched globally Green, digital booms fuel demand for rare minerals China is pre-eminent in critical minerals supply GRAPHIC-S.Korea’s reliance on China: SANGDONG, South Korea, May 9 (Reuters) – Blue tungsten winking from the walls of abandoned mine shafts, in a town that’s … Read more

As Beijing battles outbreak, China warns ‘zero COVID’ doubters

Beijing residents nervous as daily COVID cases not dropping Chinese authorities vow to fight critics of ‘zero COVID’ Non-essential services close to Beijing’s biggest district Official in locked down Shanghai says city cannot slack off BEIJING / SHANGHAI, May 6 (Reuters) – Beijing residents fretted on Friday over tightening COVID curbs in its biggest district … Read more

Beijing nervously returns to work as China doubles down on ‘zero-COVID’ policy

Residents in Beijing return to work after muted holiday More evidence emerging of painful economic damage China will fight criticism of COVID response – state TV Confusion over curbs in locked-down Shanghai BEIJING / SHANGHAI, May 5 (Reuters) – Beijing residents tentatively returned to work on Thursday after a muted five-day Labor Day holiday devoid … Read more

Tata, India’s electric vehicle king, takes a frugal road less traveled

PUNE, India, May 2 (Reuters) – To make its first electric vehicle for the consumer market, India’s Tata Motors Ltd (TAMO.NS) repurposed an unused shop floor at its flagship plant. Here, there’s no fancy assembly line – Nexon SUV bodies designed for gasoline models are wired and fitted with battery packs by hand. The area, … Read more

Shanghai marks key COVID milestone, Beijing sits on edge

Shanghai records no COVID cases outside quarantine areas Beijing on tenterhooks, bracing for more restrictions Breakthrough would mark victory for Xi in crucial year Infections ease as China starts Labor Day holiday SHANGHAI / BEIJING, April 30 (Reuters) – Shanghai said on Saturday it had detected no new daily COVID-19 cases outside quarantine areas, marking … Read more

China signals easing of tech squeeze in bid to lift economy

People wearing face masks walk past a street amid snowfall, following the coronavirus disease (COVID-19) outbreak, at a shopping area in Beijing, China March 17, 2022. REUTERS / Tingshu Wang Register now for FREE unlimited access to Reuters.com Register BEIJING / HONG KONG, April 29 (Reuters) – China signaled an easing of its crackdown on … Read more

‘Entry only. No exit: ‘Beijing sees more COVID closures as anger grows in Shanghai

Beijing closes more gyms, malls, cinemas to contain outbreak Delivery companies work overtime to supply residents “The virus is what’s hurting the economy” – health official BEIJING / SHANGHAI, April 29 (Reuters) – China’s capital Beijing closed more businesses and residential compounds on Friday, with authorities ramping up contact tracing to contain a COVID-19 outbreak, … Read more