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China Demands Australia Stop 'Exaggerating Tensions' Over South China Sea Amid Confrontation
En desarrollo
Política·hace 5 díasResumen IA

China Demands Australia Stop 'Exaggerating Tensions' Over South China Sea Amid Confrontation

China's Foreign Ministry urged Australia to cease "exaggerating tensions" in the South China Sea after Australian Foreign Minister Penny Wong condemned Beijing's "destabilising" conduct. This follows a physical confrontation between Chinese and Philippine vessels near Second Thomas Shoal, injuring a Filipino sailor, amidst the ASEAN meeting in Manila.

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ABC Top Stories
4 min de lectura
Oil prices stay below $100 as Hormuz blockade persists, aided by record US exports and China demand slump
En desarrollo
Business·7/6/2026Resumen IA

Oil prices stay below $100 as Hormuz blockade persists, aided by record US exports and China demand slump

Global oil prices remain under $100 a barrel three months after the Strait of Hormuz was effectively blocked, as record US exports, a sharp drop in Chinese demand, and strategic reserves help absorb the shock. The market remains vulnerable as buffers deplete and the question of when flows might resume through Hormuz remains the biggest wild card.

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Economic Times
5 min de lectura
Indian Cotton Yarn Factories Ramp Up Production as China Demand Surges
En desarrollo
Business·23/4/2026Resumen IA

Indian Cotton Yarn Factories Ramp Up Production as China Demand Surges

Indian cotton yarn factories, particularly in Gujarat, are increasing production to meet unprecedented demand from China. The Middle East war has disrupted global trade routes, making India a preferred sourcing point. Combined with a 7% rupee depreciation against the yuan and tight global cotton supplies, Indian exports have jumped five-fold to 1,500 containers monthly since November. Orders are booked through June.

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Economic Times