live Trump says peace deal will be signed on Sunday; Iran says it may take days
U.S. President Donald Trump has said a peace agreement with Iran is scheduled to be signed on Sunday in a post on social media, despite Tehran's Fore...
China’s Ambassador to Spain, Yao Jing, stated that China is eager to be seen as a partner rather than a rival to the European Union, emphasizing the need for collaboration amidst shifting global dynamics and U.S. trade policies, which he described as "unilateral economic abuse."
In an interview with Reuters, Yao criticized the EU's 2019 strategy that described China as its "partner for cooperation, economic competitor, and systemic rival," calling it a contradictory stance. He pointed out that both China and the EU advocate for open markets and rules-based trade, and he stressed that China would never pose a threat to the EU. "We should put our focus on partnership," Yao said, contrasting China’s multilateral approach with U.S. President Donald Trump's isolationist policies.
Yao’s comments come as Spain seeks to strengthen its economic and political ties with China. Last week, Spanish Prime Minister Pedro Sanchez met with Chinese President Xi Jinping in Beijing. The meeting was widely seen as an effort to bolster Sino-European relations amid the economic fallout from U.S. tariffs. Before the trip, U.S. Treasury Secretary Scott Bessent warned that closer ties with China would be "cutting your own throat," a remark that was dismissed by the Spanish government.
Responding to Bessent’s comments, Yao expressed surprise and frustration, accusing the U.S. of causing harm with its unilateral tariffs. "The U.S. in fact cuts everyone's throats with its unilateral tariffs," he said. "And this is why China is firmly against this kind of economic abuse by the United States."
Trade Issues and Cooperation
On the subject of trade, Yao urged the EU to lift export controls on key high-tech products like semiconductors and remove tariffs on Chinese electric vehicles (EVs). He also called for an end to restrictions on Chinese companies such as Huawei and ZTE, which have faced limitations in accessing Europe's 5G network.
In return, Yao highlighted China's efforts to open its own markets to foreign investment, including in sectors like telecommunications, banking, and manufacturing. "We've made it very clear that China will open its door with the passage of time, and this door will never be closed," he said, noting that China is ready to expand market access to EU members, as demonstrated by recent agreements with Spain.
One such agreement involved granting China access to Spanish pork stomach, a product previously unauthorized for export. This move was seen by some analysts as a possible signal that Beijing may ease its anti-dumping investigation into EU pork, which was launched last year in retaliation for EU tariffs on Chinese EVs.
Despite the ongoing probe into EU pork imports, Yao conveyed a willingness to resolve trade differences through dialogue and negotiations, reinforcing China’s commitment to long-term economic cooperation with Europe.
As the U.S. continues to impose tariffs on global trade, including with both China and the EU, the economic and political landscape is evolving, with China positioning itself as a key player in reshaping international relations and trade norms.
SpaceX has made history with the largest initial public offering ever in the United States, pricing its shares at $135 each and achieving a market valuation of $1.77 trillion.
SpaceX made a historic entrance into the Nasdaq on Friday, surging over 20% in its first day of trading and lifting its valuation to more than $2 trillion. Investors flocked to the world’s largest IPO, betting on Elon Musk’s sprawling empire spanning rockets, AI and beyond.
Pakistan has warned that any attempt by India to block or significantly reduce river flows under the Indus Waters Treaty could have “far-reaching consequences”, after India's water minister said New Delhi was working to ensure that “not a single drop” of water reaches Pakistan in the coming years.
While France hosts next week’s Group of Seven summit, businesses in neighbouring Switzerland have already begun taking precautions, with many shops in Geneva boarded up ahead of a large anti-G7 demonstration expected on Sunday.
U.S. President Donald Trump has said a peace agreement with Iran is scheduled to be signed on Sunday in a post on social media, despite Tehran's Foreign Ministry spokesperson Esmaeil Baghaei saying no deal would be approved this weekend.
Every June, roughly 13 million young people in China sit down at the same time to take the same test. They have been preparing for it, in many cases, since primary school. Their families have rearranged their lives around it.
European museums are increasingly returning cultural artefacts to countries in Africa and the Middle East, as pressure grows to address the legacy of colonialism and disputed ownership.
Uganda’s health ministry has raised concerns over what it described as unfair travel restrictions imposed during the current Ebola outbreak, warning that such measures risk undermining transparent reporting. .
Georgia is overhauling its migration laws in one of the most significant legal reforms in years, introducing criminal penalties for fake marriages, tighter controls on foreign students and expanded investigative powers for the migration authorities.
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