Yellen plans first trip to China as Treasury secretary

scmp.com/news/world/united-states-canada/article/3259534/us-uk-announce-new-sanctions-iran-after-missile-and-drone-strike-israel

Apr 18

US, UK announce new sanctions on Iran after missile and drone strike on Israel: The United States and the United Kingdom announced widespread sanctions against ...

Quick Glance: Israeli Push for Sanctions Against Iran Amid ‘Diplomatic Offensive’

Israel has launched a “diplomatic offensive” against Iran, urging sanctions against the Islamic republic.

Israeli Foreign Minister Israel Katz has called on 32 countries to impose sanctions on Tehran as Israel considers a military response to Iran’s attack.

Israeli military sources reported intercepting 99 percent of aerial threats with assistance from the United States and allies, causing only minor damage.

Tensions are high as Israel ponders its reaction to Saturday's attack while Germany calls for new sanctions related to Iran's drone supply to Russia for use in Ukraine.

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19h

Bridgewater Adds China Stocks, Bonds After 6.4% Gain This Year: Bridgewater Associates’ onshore China hedge fund is adding exposure to local stocks and bonds ...

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Paid articlePaid

channelnewsasia.com/world/us-uk-unveil-sweeping-sanctions-iran-after-attack-israel-4275611

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CNA Apr 18

US, UK unveil sweeping sanctions on Iran in response to its attack on Israel: WASHINGTON: The United States and the United Kingdom announced widespread sanctions ...

Quick Glance: US imposes new sanctions on Iran's drone program

The United States imposed new sanctions Thursday on sixteen people and two entities associated with Iran’s drone program to punish Tehran for the weekend's attack on Israel.

The sanctions target executives of an engine manufacturer supplying Iran’s Shahad-131 drones, companies servicing the engines, and individuals providing the drones to Iranian proxy forces in the Middle East.

Coordinated with European allies, the new sanctions aim to disrupt Iran's missile and drone program and isolate the country globally.

President Joe Biden emphasized the US commitment to holding Iran accountable, utilizing economic tools to counter Iran's activities, as stated by Treasury Secretary Janet Yellen.

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Reuters

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U.S. sanctions target Iran’s drone production after attack on Israel: Treasury announces new sanctions on Tehran but seeks to contain broader conflict.

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China mother and son, 27, jailed for kidnap of stranger girl, 11, they wanted as ‘perfect’ wife after child’s family rejected advances

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Apr 18

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Princess Diana's dresses currently on display in Hong Kong ahead of auction: Shoulder-padded, daffodil yellow and accented with gleaming gold buttons – a very ...

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Germany’s doomed China strategy: The corporatist spell must soon break

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Apr 18

IMF Says US, China Debt Pose Risks for Global Public Finances: The world’s two great economic rivals, China and the US, will drive much of the increase in global ...

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Conservative lawmakers lead objections to Vista's deal to sell Federal ammunition to Czech firm

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time.com/6968950/apple-whatsapp-threads-china-app-store-government-order/

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Apple Pulls Meta’s WhatsApp and Threads From App Store in China After Government Order

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This $362 billion ‘beyond well-positioned’ Dutch company is quietly winning the global AI chips race

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VW in China: When will things pick up again in the most important market?: Whether Volkswagen can remain a world-class car manufacturer will be decided primarily ...

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Apr 18

China slams U.S. probe into its shipbuilding industry, says move is a 'mistake on top of a mistake'

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Apple pulls WhatsApp, Threads and Signal from app store in China: Apple has removed several widely used communications platforms from its app store in China at ...

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US, UK unveil sweeping sanctions on Iran's drone program - World News: The United States and Britain announced widespread sanctions against Iran's ...

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Financial Times

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Apr 18

Iran oil exports hit 6-year high as west prepares sanctions: Surge in crude sales to China exposes limits of US and EU attempts to rein in Islamic republic

Quick Glance: Iran's Oil Exports Thrive Amid Rising Tensions

Iran is exporting more oil than in the past six years, providing the economy with a $35 billion annual boost, as western countries consider tightening sanctions in response to the attack on Israel.

The US and the EU are preparing new sanctions on the Islamic republic to deter conflict escalation with Israel, facing challenges due to Iran's successful circumvention of sanctions, especially with China being its primary customer.

Iran has found ways to bypass sanctions, shielded from western pressure as its main oil exports go to China. Tensions have escalated since the Hamas attack on Israel, driving oil prices up by over 15%, while US efforts to sanction individual tankers carrying Iranian oil have had minimal impact so far.

Mounting Republican pressure urges the Biden administration to take tougher action on Iran's oil sales, with criticism over perceived leniency on existing measures. Despite US strategic oil reserves being released to stabilize prices, concerns remain over the administration's stance on enforcing sanctions similar to the previous Trump administration.

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Apr 17

US deficit poses ‘significant risks’ to global economy, warns IMF: Fund also cites concerns over fiscal ‘imbalances’ in UK, China and Italy

ft.com/content/0d098011-0ff5-4125-8cbb-5a5b281c9bd0

Quick Glance: IMF Warns of Fiscal Deficits in US and China

The IMF has warned the US that its massive fiscal deficits have stoked inflation and pose “significant risks” for the global economy.

Concerns were also raised about Chinese government debt, with the country projected to have a deficit of 7.6 per cent in 2025, more than double the average for other emerging markets.

In addition to the US and China, the fund named two more countries that “critically need to take policy action to address fundamental imbalances between spending and revenues”.

The IMF noted that “large and sudden increases” in US borrowing costs typically lead to surges in government bond yields globally and exchange rate turbulence in emerging markets and developing economies.

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Quick Glance: Joe Biden Calls for Significant Increase in Tariffs on Chinese Steel

US President Joe Biden is pushing for an increase in tariffs on Chinese steel and aluminium to strengthen union support in the swing state of Pennsylvania.

During a meeting with United Steelworkers union members in Pittsburgh, Biden calls on trade representative Katherine Tai to raise the tariffs from the current average of 7.5 percent.

The main focus of the measures is to combat China's new export surge and the ongoing price pressure that makes it difficult for American steel companies to compete.

The Biden administration's decision to increase tariffs is expected to impact recent efforts by Washington and Beijing to stabilize relations.

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Apr 18

The West says China makes too much. Its workers disagree: Migrants are caught in China's manufacturing battles with the West, as Beijing tries to save its ...

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