China stocks choppy, yuan weakens as investors await clarity on Trump-Xi talks
China stocks wavered in morning tr...
Russia actively shifted its trade focus away from Europe and the United States, redirecting it toward markets in friendly countries—primarily China, India, Central Asia, Africa, and the Middle East. The share of these countries in Russia's foreign trade has increased from 46% to 82%.
"For the last three years, our trade with friendly countries has increased from 46% to 82%, reaching approximately $550 billion. Currently, more than 85% of our exports are directed to friendly nations, while imports from these countries now account for around 75%,” - stated Russian Deputy Prime Minister Alexander Novak as
According to the latest data published by the Federal Customs Service (FCS) on Russia's global trade, total trade turnover for January–April 2025 amounted to $214 billion, a decrease of 2.9% compared to the same period in 2024. Particulatly, exports from Russia fell by 5.9% year-on-year to $128.2 billion, while imports rose by 1.8% to $85.8 billion.
From January to April 2025, Russia's exports to Europe totaled $19.2 billion, marking a decline of 11.0% year-on-year. Exports to Asia stood at $97.6 billion (down 4.1%), to Africa at $6.9 billion (down 11.3%), and to the Americas at $4.3 billion (down 10.4%).
During the same period, imports to Russia from Europe amounted to $21.9 billion, down 1.6%. Imports from Asia rose to $57.5 billion (up 2.4%), from Africa to $1.5 billion (up 35.6%), and from the Americas to $4.8 billion (up 6.7%).
The U.S.-Israeli war with Iran loomed over U.S. President Donald Trump's visit to China, as signs emerged that the conflict is causing a shift in alliances across the Middle East.
The Iranian President Masoud Pezeshkian has instructed his first deputy to fulfill the public’s expectations regarding the access to the Internet services and platforms amid a wartime shut-down of international connection since late February.
Just one week after a similar move by Australia, Greece announced that it will ban access to social media for children under the age of 15 from January 1, 2027, as governments around the world weigh tougher rules amid growing concerns over mental health, safety and screen addiction.
U.S. President Donald Trump said he does not think he will need China's help to end the war with Iran as he left for a high-stakes summit in Beijing on Tuesday, as hopes for a lasting peace deal dwindled and Tehran tightened its grip over the Strait of Hormuz.
U.S. President Donald Trump and Chinese President Xi Jinping will meet in Beijing on 14–15 May 2026 for a high-stakes summit aimed at managing rising tensions over trade, technology, Taiwan and the Iran conflict.
Negotiations between Samsung Electronics and its workforce on Wednesday have broken down, officials said, raising fresh concerns over potential disruption to South Korea’s export-heavy economy.
By the time American shoppers began noticing higher prices on everything from trainers to televisions, the world's two largest economies were already deep in a trade war that left the world wondering how it would end.
The Strait of Hormuz remains a vital maritime chokepoint and serves as the primary artery linking the Persian Gulf to international energy markets. With approximately 20% of global oil and gas shipments transiting this waterway, it is the backbone of energy security for Asia, Europe, and beyond.
China’s exports grew faster than expected in April, as overseas buyers moved quickly to secure supplies amid fears that the conflict involving Iran could drive up global energy and transport costs.
Asian stocks surged to record highs on 7 May as investors priced in growing hopes of a potential Middle East peace deal, while oil prices eased and the U.S. dollar weakened amid shifting global risk sentiment.
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