Moscow warns of 'titanic efforts' to disrupt Putin-Trump meeting
Russia’s investment envoy Kirill Dmitriev said on Saturday that certain countries would make “titanic efforts” to derail the meeting between U.S...
China on Friday defended its recent export control measures on rare earth elements, insisting the restrictions are in line with international norms and not directed at any specific country.
The remarks came amid rising trade tensions following reports that the United States has suspended certain technology exports to China in response.
At a press briefing in Beijing, Foreign Ministry spokesperson Lin Jian stated that China's export policies “comply with international common practices, are non-discriminatory, and are not targeted at any specific country.” He emphasized Beijing’s readiness to maintain the stability of global supply chains and expressed openness to dialogue and cooperation regarding its export controls.
The response follows a New York Times report earlier this week that Washington had halted some critical technology exports to China, citing national security concerns and retaliating against Beijing’s decision to restrict exports of strategic minerals to the U.S., including rare earths essential for electronics and defense technologies.
Lin accused Washington of misusing national security rhetoric to justify economic restrictions, saying:
“The relevant practices of the United States are generalising the concept of national security, politicising and instrumentalizing economic, trade and technological issues, and maliciously blocking and suppressing China.”
He added that China “firmly opposes this” and will “resolutely safeguard its legitimate rights and interests.”
Background and Implications
Rare earth elements, crucial for manufacturing semiconductors, renewable energy components, and military hardware, have become a strategic flashpoint in the ongoing U.S.–China trade and tech rivalry. China is the dominant global supplier of these materials, and any disruption to their supply reverberates across multiple industries worldwide.
The latest developments reflect an escalating tit-for-tat dynamic between the world’s two largest economies. Analysts warn that continued restrictions from either side could further destabilize already fragile global supply chains, impacting industries from clean energy to telecommunications.
While both countries have signaled a willingness to engage in talks, neither has announced formal plans for high-level negotiations on the issue. As export restrictions and countermeasures mount, the global economic community is watching closely for signs of de-escalation—or deeper decoupling.
The world’s biggest dance music festival faces an unexpected setback as a fire destroys its main stage, prompting a last-minute response from organisers determined to keep the party alive in Boom, Belgium.
According to the German Research Centre for Geosciences (GFZ), a magnitude 5.7 earthquake struck the Oaxaca region of Mexico on Saturday.
China and the Association of Southeast Asian Nations will send an upgraded ‘version 3.0’ free-trade agreement to their heads of government for approval in October, Chinese Foreign Minister Wang Yi said on Saturday after regional talks in Kuala Lumpur.
A resumption of Iraq’s Kurdish oil exports is not expected in the near term, sources familiar with the matter said on Friday, despite an announcement by Iraq’s federal government a day earlier stating that shipments would resume immediately.
Chinese automaker Chery has denied an industry-ministry audit that disqualified more than $53 million in state incentives for thousands of its electric and hybrid vehicles, insisting it followed official guidance and committed no fraud.
Russia’s investment envoy Kirill Dmitriev said on Saturday that certain countries would make “titanic efforts” to derail the meeting between U.S. President Donald Trump and Russian President Vladimir Putin, scheduled for 15 August.
U.S. President Donald Trump has invited newly inaugurated Polish President Karol Nawrocki to the White House for an official working meeting on 3 September, Nawrocki’s chief of cabinet announced on Saturday.
Thousands gathered in Nagasaki on Saturday to commemorate the 80th anniversary of the city’s atomic bombing, with Mayor Shiro Suzuki warning that ongoing global conflicts risk bringing the world to the brink of nuclear war.
Start your day informed with AnewZ Morning Brief: here are the top news stories for the 9th of August, covering the latest developments you need to know.
Ukrainian President Volodymyr Zelenskyy on Saturday reaffirmed that Ukraine would not cede any of its territory, stressing that “Ukrainians will not give their land to occupiers”.
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