South Korea and the United Kingdom are set to elevate their ties to a “Global Strategic Partnership,” which could deepen collaboration on a variety of issues ranging from security to economic fronts. South Korea’s President Yoon Suk Yeol and British Prime Minister Rishi Sunak will adopt the bilateral “Downing Street Accord” Tuesday, the South’s Presidential Office said in a statement. Yoon has been on a four-day state visit to the U.K. since Monday, serving as the first foreign head of state to be invited for a state visit by King…
Day: November 20, 2023
How China ties space projects in Africa with climate and security priorities
He said more than 14 meetings between Chinese institutions and different layers in the African Union Commission had been held to push along “the massive adoption of the BeiDou Navigation System”. The South African National Space Agency signed a memorandum of understanding with the China Satellite Network Office on BDS applications in 2021. “We are seeing a lot of collaborations across all industry sectors, including communications, Earth observations, navigation and positioning, as well as space satellites,” Oniosun said. Oniosun made the comments on November 14 at an event organised by…
Taiwan’s top computer maker to produce servers in US to tap AI boom
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Taiwan’s Asustek Computer is building a server production line in the US for the first time as the personal computer maker seeks fresh growth catalysts from the boom in demand for artificial intelligence-powered equipment. The world’s fifth-biggest computer maker, known for its Asus brand, is also growing its mini PC and smart manufacturing businesses, as the overall consumer electronics market remains sluggish. Jackie Hsu, senior vice-president of Asustek, told Nikkei…
Nvidia investors weigh risks from US’s China chip rules ahead of earnings
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Nvidia’s claim that its business can sidestep the effects of US controls on the export of semiconductors to China will be set tested when it publishes quarterly earnings on Tuesday. Investors have, for now, brushed off fears that Nvidia will suffer after the US tightened restrictions on sales to China of advanced processors that are suitable for developing large artificial intelligence systems. The chipmaker has said the controls would not…
Over 75% of foreign money invested into Chinese stocks in 2023 has left
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. More than three-quarters of the foreign money that flowed into China’s stock market in the first seven months of the year has left, with global investors dumping more than $25bn worth of shares despite Beijing’s efforts to restore confidence in the world’s second-largest economy. The sharp selling in recent months puts net purchases by offshore investors on course for the smallest annual total since 2015, the first full year of…
Over 75% of foreign money into Chinese stocks in 2023 has left
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. More than three-quarters of the foreign money that flowed into China’s stock market in the first seven months of the year has left, with global investors dumping more than $25bn worth of shares despite Beijing’s efforts to restore confidence in the world’s second-largest economy. The sharp selling in recent months puts net purchases by offshore investors on course for the smallest annual total since 2015, the first full year of…
More than 75% of foreign money that flowed into China stocks in 2023 has left
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. More than three-quarters of the foreign money that flowed into China’s stock market in the first seven months of the year has left, with global investors dumping more than $25bn worth of shares despite Beijing’s efforts to restore confidence in the world’s second-largest economy. The sharp selling in recent months puts net purchases by offshore investors on course for the smallest annual total since 2015, the first full year of…
Why Indonesia has not captured more of the ‘China +1’ diversification
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. In 2019, the World Bank issued a report that sparked deep consternation among Indonesia’s political elite. In the seismic shift in global manufacturing supply chains sparked by US-China trade tensions, Indonesia had apparently failed to grasp the opportunity. The World Bank noted at the time that of more than 30 Chinese companies that had announced plans in June to August of that year to expand overseas, none planned to do…
4 visa-free ways to travel to China by land, sea and air for 72 hours and up to 30 days
Airports in the likes of Beijing, Shanghai, Xian, Chengdu, Chongqing, Guilin, Kunming, Qingdao, Shenyang, Wuhan, Xiamen, Guangdong province and the Shanghai-Jiangsu-Zhejiang cluster can process visa-free arrivals for transit passengers for 72 to 144 hours. Travellers must stay within the designated city or surrounding provinces for the entire transit period. 03:47 First travellers arrive and depart from Beijing as China reopens international borders First travellers arrive and depart from Beijing as China reopens international borders There is no charge and no application to fill out before travel, or on arrival. Passengers…
Argentina is no longer joining Brics, says top aide to Javier Milei, right-wing presidential winner
Diana Mondino, Milei’s principal adviser on foreign affairs, said Argentina would not proceed with plans to join the association of leading emerging markets comprising Brazil, Russia, India, China and South Africa. “We do not understand the interest” in the bloc, Mondino told Russian news agency Sputnik News. “We do not understand … what Argentina gets out of it at this moment. If later it turns out that there is an advantage, of course, we will analyse it.” Argentina’s Brics candidacy was the only one in the Americas supported by the…