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Take Five: How bad is it?
  + stars: | 2023-04-14 | by ( ) www.reuters.com   time to read: +5 min
China and Britain release key economic data and officials from the Group of Seven nations talk climate goals. 1/ EARNINGS RECESSIONU.S. earnings season goes up a gear and the outlook is gloomy due to the regional banking crisis and the most aggressive monetary policy tightening in decades. Analysts expect Q1 S&P 500 earnings to fall 5.2% from the year-ago period, Refinitiv I/B/E/S data as of April 7 showed. In a sign of which way the authorities want lending rates to head, smaller regional banks have already cut deposit rates. China GDP vs 1-year MLF rate4/ NO ALARMS, NO SURPRISESIt's a big week for UK data, with February jobs figures on Tuesday and March inflation numbers Wednesday.
TOKYO, April 14 (Reuters) - Foreign ministers of the Group of Seven nations will focus on the security of both Europe and the Indo-Pacific as they gather in Japan from Sunday against a worrying backdrop of the war in Ukraine and China's growing assertiveness. "The security of Europe and that of the Indo-Pacific cannot be discussed separately - they are intertwined with each other," a Japanese foreign ministry official said of the upcoming meeting, speaking on condition of anonymity. Kishida visited Ukraine in March, at the same time the China's President Xi Jinping was meeting Russian President Vladimir Putin in Moscow. "The G7 has been an important partner in holding Russia accountable for its aggression in Ukraine," U.S. State Department Deputy Spokesperson Vedant Patel said on Monday. "I have no doubt that the G7 will continue to play an important role in that, including at the upcoming foreign ministers' meeting."
"A reconfiguration is under way," said a French diplomatic source who was officially briefing reporters but required anonymity as is standard policy. The ministers of the G7 – France, Britain, Germany, Italy, Canada, the U.S. and Japan, meet in Japan between April 16 to 18. "The region is going through serious upheaval, be it the Iranian nuclear crisis aspect, but also the recomposition of the geopolitical balances with the Iran, Saudi, China deal. "The G7 must be able to preserve its security interests, which incidentally are also in the interest of regional security, but also global security," the diplomat said. "The G7 will only remain credible if it is able to handle the world’s problems," he said.
China to ban vessels from area near Taiwan over rocket debris
  + stars: | 2023-04-13 | by ( ) www.reuters.com   time to read: +3 min
REUTERS/Jameson Wu/File PhotoBEIJING, April 13 (Reuters) - China will ban vessels from an area near Taiwan on Sunday because of the possibility of falling rocket debris, its maritime safety agency said on Thursday, as Japan sought details from Beijing on a reported no-fly zone in the same location. China has not commented on the no-fly zone but South Korea, which was also briefed on the plans, said it was due to a falling object related to a launch vehicle. China regards Taiwan as its own territory and objects to any interactions between the Taiwanese leadership and foreign officials. The coordinates correspond to a rectangular area to Taiwan's northeast, with the closest point 118 km (73 miles) from Taiwan, illustrated on a map that Taiwan's transport ministry released late on Wednesday. China's foreign ministry declined to comment.
The heavy gates of the Iranian embassy's compound were open in Riyadh with a team inspecting its premises, a Reuters reporter said. The diplomatic mission opened hours after the Iranian foreign ministry said a technical delegation arrived in the kingdom. "The Iranian delegation will take the necessary measures in Riyadh and Jeddah to set up the embassy and consulate general," Iranian foreign ministry spokesman, Nasser Kanaani, said in a statement. Riyadh accused Iran of arming the Houthis, who went on to attack Saudi cities with armed drones and ballistic missiles. Saudi officials also arrived in Iran to discuss procedures for reopening Riyadh's embassy in Tehran and consulate in Mashhad, the Saudi foreign ministry said on Saturday.
[1/2] White House National Security Advisor Jake Sullivan speaks during a daily press briefing at the White House in Washington, D.C., U.S., November 10, 2022. REUTERS/Tom BrennerWASHINGTON, April 11 (Reuters) - U.S. national security adviser Jake Sullivan spoke with Saudi Arabia's Crown Prince Mohammed bin Salman on Tuesday and discussed Iran and steps aimed at ending the war in Yemen, the White House said. The foreign ministers of Iran and Saudi Arabia met in Beijing last week after agreeing to end their diplomatic rift following years of hostility that fuelled conflicts across the Middle East. Mr. Sullivan reaffirmed President (Joe) Biden’s unwavering commitment to ensure Iran can never acquire a nuclear weapon," the White House said in a statement late on Tuesday. Yemen's war is seen as one of several proxy battles between Iran and Saudi Arabia.
[1/3] Deputy Minister of Saudi Foreign Ministry, Waleed El Khereiji meets with Syrian Minister of Foreign Affairs and Expatriates, Faisal Mekdad in Jeddah, Saudi Arabia, April 12, 2023. Saudi Press Agency/Handout via REUTERSRIYADH, April 12 (Reuters) - Saudi Arabia and Syria's foreign ministers on Wednesday welcomed a thaw in bilateral ties, including steps to resume consular services and flights, and agreed to cooperate to fight drug trafficking and facilitate Syria's return to the Arab fold. Assad, with the help of his main allies Iran and Russia, regained control over much of Syria, and Saudi Arabia has said isolating him was not working. Much of it is thought to be sold to buyers in Gulf Arab countries, including Saudi Arabia. Mekdad's trip to Jeddah came two days before Saudi Arabia hosts another meeting of regional foreign ministers that will discuss Syria's return to the Arab League.
[1/2] Flags are seen ahead of the Arab League Summit in Algiers, Algeria November 1, 2022. REUTERS/Ramzi BoudinaDOHA, April 11 (Reuters) - Saudi Arabia will host a meeting of regional foreign ministers on Friday to discuss Syria's return to the Arab League, a Qatari official said on Tuesday, adding that an "Arab consensus" plus a "change on the ground" would shift Qatar's position. The GCC includes Saudi Arabia, UAE, Bahrain, Oman, Qatar and Kuwait. Saudi Arabia plans to invite Syrian President Bashar al-Assad to the Arab League summit Riyadh is scheduled to host on May 19, sources have told Reuters. Assad's attendance would mark the most significant development in his rehabilitation within the Arab world since 2011, when Syria was suspended from the Arab League.
[1/5] General view during the opening ceremony of the annual Philippines-U.S. joint military exercises or Balikatan, at the Armed Forces of the Philippines headquarters, in Quezon City, Metro Manila, Philippines, April 11, 2023. The expanded annual exercises underscore improved defence ties under President Ferdinand Marcos Jr after his predecessor scaled back drills to pursue closer ties with Beijing. For the first time, the Philippines and the United States will hold live-fire drills at sea during the three-week event known as the 'Balikatan' or 'shoulder-to-shoulder' exercises. China's foreign ministry on Monday criticised the joint exercises, saying they "must not interfere in South China Sea disputes, still less harm China's territorial sovereignty, maritime rights and interests and security interests." President Marcos is expected to witness the live-fire sea drills which will involve the sinking of an old Philippines navy ship, according to a Philippine military official.
Ministers may meet in Moscow to advance Turkey-Syria ties
  + stars: | 2023-04-10 | by ( ) www.reuters.com   time to read: +1 min
ANKARA, April 10 (Reuters) - The foreign ministers of Turkey, Russia, Iran and Syria may hold consultations in early May as part of Russia's attempt to help broker a rapprochement between the Turkish and Syrian governments, Turkey' foreign minister said on Monday. "The meeting will most probably take place in early May, in Moscow," Minister Mevlut Cavusoğlu told broadcaster A Haber, saying it could lead to a leaders' meeting. Syrian and Turkish defence ministers held talks in Moscow in December in the highest-level encounter since the war began. Moscow is Assad's main ally and Russia has encouraged a reconciliation with Ankara. But Damascus demands full withdrawal of Turkish troops for relations to be restored.
DUBAI, April 9 (Reuters) - An Iranian technical delegation will visit Saudi Arabia this week to prepare for the reopening of Iran's embassy in Riyadh, the semi-official ISNA news agency reported on Sunday. The announcement comes days after the foreign ministers of Iran and Saudi Arabia met in Beijing on Thursday for the first formal gathering of their top diplomats in more than seven years, after China brokered a deal to restore relations between the top regional powers. "The Iranian technical delegation will visit Tehran's embassy in Riyadh and make arrangements for the reopening of Iran's embassy in Saudi Arabia," ISNA reported. The Saudi foreign ministry had said on Saturday that officials had visited Iran to discuss procedures for reopening Riyadh's diplomatic missions in the Islamic Republic. "The Saudi delegation visited the Saudi embassy in Tehran this morning," ISNA added.
Blinken to visit Vietnam next week, US senator says
  + stars: | 2023-04-08 | by ( ) www.reuters.com   time to read: +1 min
HANOI, April 8 (Reuters) - U.S. Secretary of State Antony Blinken will visit Vietnam next week, Senator Jeff Merkley told a news conference in Hanoi on Saturday, as part of Washington's efforts to move diplomatic relations with Hanoi on to a higher level this year. The United States is hoping to upgrade relations with Hanoi this year, ideally to coincide with the 10th anniversary in July of its comprehensive partnership with Vietnam. "Next week the Secretary of State will be here," Senator Merkley told reporters during a visit to Vietnam by a delegation of U.S. lawmakers aimed at boosting relations with Hanoi. Blinken is expected to visit Vietnam, likely on Saturday, before he heads to a meeting of foreign ministers of the Group of Seven (G7) countries in Japan on April 16-18. Before the call, multiple analysts had said Vietnam was cautious about an upgrade this year fearing that could cause tensions with China.
Iran, Azerbaijan foreign ministers in talks amid tensions
  + stars: | 2023-04-08 | by ( ) www.reuters.com   time to read: +1 min
DUBAI, April 8 (Reuters) - The foreign ministers of Iran and Azerbaijan discussed "problems and misunderstandings" between the two countries in two phone calls, Iranian state media reported on Saturday, days after Baku expelled four Iranian diplomats over "provocative actions". The expulsions came amid a deterioration of ties, partly due to Baku's improving relations with Tehran's arch-enemy Israel. "The two sides emphasised good neighbourliness and mutual respect for each other's sovereignty and territorial integrity," the report said. During the row, Azerbaijan suggested that Iran may have been connected to an attempted assassination of an anti-Tehran Azerbaijani lawmaker. Iran, which has a large population of ethnic Azeris in its northwest, has strongly criticised Azerbaijan for moving closer to Israel, with its foreign ministry saying it sees the relationship between Azerbaijan and Israel as "anti-Iranian".
RIYADH, Saudi Arabia—Saudi Arabia and Iran agreed to restore flights between their countries and resume government and private-sector visits, after their top diplomats met in Beijing on Thursday as a thaw begins in one of the Middle East’s thorniest rivalries. The summit comes weeks after the two governments agreed to re-establish diplomatic relations in a deal brokered by China, which ended seven years of estrangement and jolted the geopolitics of this oil-rich region.
Factbox: In Middle East, once improbable ententes set new tone
  + stars: | 2023-04-06 | by ( ) www.reuters.com   time to read: +6 min
Some U.S. allies had concluded their interests are not best served by a highly polarised Middle East, he added. The agreement between leading Sunni Arab power Saudi Arabia and the Shi'ite Islamist government in Tehran could defuse tensions and conflicts such as the Yemen war. Saudi Arabia has turned to China at a time of strain in its historic alliance with the United States. Saudi Arabia took the lead in rebuilding ties in 2021, declaring an end to the boycott of Qatar. Sources say Syria and Saudi Arabia have agreed to reopen embassies.
The most immediate part of the plan earmarked 1 billion euros ($1.09 billion) to refund EU countries for sending urgently needed artillery shells from stockpiles to Ukraine. In announcing the package, EU foreign policy chief Josep Borrell said the munitions would come from "European industry and from Norway". Draft legislation agreed by ambassadors from EU countries, seen by Reuters, used the same formulation. Diplomats and officials expressed confidence that EU countries would finalise a deal after the Easter break. European financing must serve to buy European," the official said.
Saudi Arabia and Iran's foreign ministers held a historic meeting in Beijing on Thursday. While China has maintained close ties with both countries, the US and Iran have not had diplomatic relations in decades. The meeting between Prince Faisal bin Farhan of Saudi Arabia and Hossein Amirabdollahian of Iran was the first of its kind since 2016. They also discussed visas, as well as a visit to Saudi Arabia by Iran's President Ebrahim Raisi, per The Guardian. CIA director William Burns was in Saudi Arabia this week to discuss mutual intelligence cooperation and counterterrorism, Al-Arabiya reported.
Top Iranian, Saudi envoys meet in China, discuss diplomatic ties
  + stars: | 2023-04-06 | by ( ) www.cnbc.com   time to read: +1 min
A man in Tehran holds a local newspaper reporting the China-brokered deal between Iran and Saudi Arabia to restore ties on March, 11 2023. The foreign ministers of Iran and Saudi Arabia met in Beijing on Thursday for the first formal meeting of their top diplomats in more than seven years, after China brokered a deal to restore ties between the regional rivals. After years of hostility that fueled conflicts across the Middle East, Iran and Saudi Arabia agreed to end their diplomatic rift and re-open embassies in a major deal facilitated by China last month. In brief footage broadcast on Iranian state TV, Prince Faisal bin Farhan Al Saud and his Iranian counterpart, Hossein Amirabdollahian, greeted each other before sitting down side by side. In March, China's President Xi Jinping helped broker the surprise deal between the rivals to end a seven-year rift and restore diplomatic ties - a display of China's growing influence in the region.
Foreign ministers of Iran, Saudi meet in China
  + stars: | 2023-04-06 | by ( ) www.reuters.com   time to read: +2 min
CAIRO, April 6 (Reuters) - The foreign ministers of Iran and Saudi Arabia met in China for the first formal meeting of their most senior diplomats in more than seven years, Saudi state-run Al Ekhbariya television said, under a deal to revive ties between the regional powers. Saudi Arabia cut ties with Iran in 2016 after its embassy in Tehran was stormed during a dispute between the two countries over Riyadh's execution of a Shi'ite Muslim cleric. The relationship began worsening a year earlier, after Saudi Arabia and the United Arab Emirates intervened in the Yemen war, where the Iran-aligned Houthi movement ousted a Saudi-backed government and took over the capital, Sanaa. For Saudi Arabia, the deal could mean improved security. The kingdom has blamed Iran for arming the Houthis, who carried out missile and drone attacks on its cities and oil facilities.
NATO Secretary-General Jens Stoltenberg is expected to welcome Finland to the alliance. BRUSSELS—North Atlantic Treaty Organization foreign ministers meeting here Tuesday are looking beyond the battlefield in Ukraine to the country’s future relations with the alliance. The issue is taking priority because when President Biden and NATO’s other national leaders gather for their annual meeting in July, they will face intense pressure from Ukrainian President Volodymyr Zelensky for progress on Kyiv’s membership bid.
HELSINKI/BRUSSELS, April 4 (Reuters) - Finland will become a member of NATO on Tuesday, completing a historic security policy shift triggered by Russia's invasion of Ukraine, while neighbour Sweden is kept in the waiting room. "It will be a good day for Finland's security, for Nordic security and for NATO as a whole," NATO Secretary-General Jens Stoltenberg told reporters on Monday. Sweden underwent a similar transformation in defence thinking and Stockholm and Helsinki applied together last year to join NATO. Moscow said on Monday it would strengthen its military capacity in its western and northwestern regions in response to Finland joining NATO. Stoltenberg said he was "absolutely confident" that Sweden will become a NATO member.
Finland will join NATO on Tuesday - Stoltenberg
  + stars: | 2023-04-03 | by ( ) www.reuters.com   time to read: 1 min
[1/2] NATO Secretary-General Jens Stoltenberg attends a news conference before a meeting of NATO foreign ministers in Brussels, Belgium April 3, 2023. REUTERS/Johanna GeronBRUSSELS, April 3 (Reuters) - Finland will join NATO on Tuesday, a step that will make Finland safer and the alliance stronger, NATO chief Jens Stoltenberg said on Monday. "We will raise the Finnish flag for the first time here at NATO headquarters. It will be a good day for Finland's security, for Nordic security and for NATO as a whole," he told reporters in Brussels. Reporting by Sudip Kar Gupta, Sabine Siebold and Andrew Gray; Editing by Alison WilliamsOur Standards: The Thomson Reuters Trust Principles.
"Tomorrow we will welcome Finland as the 31st member of NATO making Finland safer and our alliance stronger," NATO Secretary-General Jens Stoltenberg told reporters in Brussels, hailing the move as "historic". Russia's invasion of Ukraine in February last year pushed Finland and its neighbour Sweden to apply for NATO membership, abandoning decades of military non-alignment. [1/2] NATO Secretary-General Jens Stoltenberg attends a news conference before a meeting of NATO foreign ministers in Brussels, Belgium April 3, 2023. REUTERS/Johanna Geron 1 2"President Putin went to war against Ukraine with the clear aim to get less NATO," Stoltenberg said. Stoltenberg pledged to work hard to get Sweden into NATO as soon as possible.
April 1 (Reuters) - The International Monetary Fund said its executive board had approved a four-year $15.6 billion loan programme for Ukraine, part of a global $115 billion package to support the country's economy as it battles Russia's 13-month-old invasion. * A senior Ukrainian official ruled out any ceasefire in Russia's war on his country that would involve Russian forces remaining on territory they now occupy in Ukraine. * Foreign Minister Sergei Lavrov said Russia faced "existential threats" to its security and development from "unfriendly states" as he presented President Vladimir Putin with an updated foreign policy doctrine. * U.S. Secretary of State Blinken will push back on Russia's attempts to "weaponise energy" and rally support for a Ukrainian counteroffensive when he meets NATO foreign ministers in Brussels next week, an official said. * Belarusian President Alexander Lukashenko said Russia, which has decided to station tactical nuclear weapons in Belarus, could if necessary put intercontinental nuclear missiles there too.
April 1 (Reuters) - The International Monetary Fund said its executive board had approved a four-year $15.6 billion loan programme for Ukraine, part of a global $115 billion package to support the country's economy as it battles Russia's 13-month-old invasion. * A senior Ukrainian official ruled out any ceasefire in Russia's war on his country that would involve Russian forces remaining on territory they now occupy in Ukraine. * Foreign Minister Sergei Lavrov said Russia faced "existential threats" to its security and development from "unfriendly states" as he presented President Vladimir Putin with an updated foreign policy doctrine. * U.S. Secretary of State Blinken will push back on Russia's attempts to "weaponise energy" and rally support for a Ukrainian counteroffensive when he meets NATO foreign ministers in Brussels next week, an official said. * Belarusian President Alexander Lukashenko said Russia, which has decided to station tactical nuclear weapons in Belarus, could if necessary put intercontinental nuclear missiles there too.
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