In 2012, shortly before becoming China’s top leader, Xi Jinping visited the Port of Los Angeles to discuss boosting trade. What then looked like a locus of cooperation has now become another site for suspicion as Sino-American relations remain tense. Last month, the Biden administration announced $20bn of funding for port infrastructure, much of it to replace cargo cranes that have almost all been made by a state-owned Chinese firm. The US is concerned because the sophisticated pieces of equipment manage information about containers and their contents, their origins and…
Tag: Houthis
U.S. Strikes Houthis Again, and China’s Population Decline
The New York Times Audio app is home to journalism and storytelling, and provides news, depth and serendipity. If you haven’t already, download it here — available to Times news subscribers on iOS — and sign up for our weekly newsletter. The Headlines brings you the biggest stories of the day from the Times journalists who are covering them, all in about five minutes. NYT
U.S. Strikes in Yemen, and Taiwan’s High-Stakes Election
The New York Times Audio app is home to journalism and storytelling, and provides news, depth and serendipity. If you haven’t already, download it here — available to Times news subscribers on iOS — and sign up for our weekly newsletter. The Headlines brings you the biggest stories of the day from the Times journalists who are covering them, all in about five minutes. NYT
From Lebanon to the Red Sea, a Broader Conflict With Iran Looms
President Biden and his top national security aides believed last summer that the chances of conflict with Iran and its proxies were well contained. After secret talks, they had just concluded a deal that led to the release of five imprisoned Americans in return for $6 billion in frozen Iranian funds and some Iranian prisoners. The militants that Tehran finances and arms — Hamas in the Palestinian territories, Hezbollah in Lebanon and the Houthis in Yemen — seemed relatively quiet. Iran even slowed enrichment of uranium at its underground nuclear…
Red Sea Attacks Leave Shipping Companies With Difficult Choices
The shipping companies that move goods on one of the world’s busiest trade routes for factories, stores, car dealerships and other businesses face an excruciating decision. They can send their vessels through the Red Sea if they are willing to risk attacks by the Houthi militia in Yemen and to bear the cost of sharply higher insurance premiums. Or they can sail an extra 4,000 miles around Africa, adding 10 days in each direction and burning considerably more fuel. Neither option is appealing and both raise costs — expenses that…
OPEC and Russia to Meet as War in Ukraine Roils Oil Market
In the last month, oil markets have been shaken by a war that has sparked a jump in prices and threatened a critical shortfall in crude and other petroleum products. But when most of the world’s largest oil producers meet by teleconference on Thursday to discuss supplies, analysts don’t expect much action. Officials from the Organization of the Petroleum Exporting Countries and Russia are likely to do little more than announce their usual modest monthly production increases, leading to questions about how much oil the group really does have in…