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TOKYO, Sept 26 (Reuters) - MUFG Bank is among three Japanese firms leading a $290-million fundraising round for U.S. spaceship company Sierra Space, spearheading a commercial "spaceport" project in the southwestern region of Oita, the Nikkei daily said on Tuesday. A spokesperson of Tokio Marine & Nichido Fire, a unit of Tokio Marine Holdings (8766.T), confirmed that the three companies formed a strategic partnership with Sierra, but declined to elaborate on their investments. Sierra Space, spun off in 20221 from billionaire-owned Sierra Nevada Corp, is among a handful of space industry players attempting to build a private space station that NASA hopes will replace the two decade-old International Space Station by 2030. The Oita project took a hit this year from the bankruptcy of another U.S. space company Virgin Orbit , which had partnered with airline ANA Holdings (9202.T). MUFG Bank, one of Japan's three biggest, has invested in domestic space startups such as orbital debris-removal firm Astroscale.
Persons: Sierra, inc's, Kantaro Komiya, Clarence Fernandez Organizations: MUFG, Space, Nikkei, SpaceX, MUFG Bank, Tokio Marine, Tokio Marine Holdings, Sierra, Mitsubishi UFJ, Kanematsu Corp, CNBC, Sierra Nevada Corp, NASA, Japan Airlines, Orbit, ANA Holdings, Mitsui Sumitomo Insurance, Japan Aerospace Exploration, SLIM, Thomson Locations: TOKYO, Oita, Sierra, Kanematsu, Asia's, Japan
About two weeks ago, the European Commission announced an investigation into government subsidies for EV makers in China. watch nowChina's electric car exports have surged in recent months. Homegrown Chinese electric car companies Nio , Xpeng and BYD are among those that have started to expand to Europe, but in relatively small numbers so far. More than two-thirds of China's electric car exports to Europe were from Tesla and other international brands manufacturing in China, according to HSBC. China's Ministry of Commerce was quick to criticize the EU investigation and called it a "blatantly protectionist act" that would distort the global auto industry.
Persons: Dombrovskis, Cui Dongshu, Wan Gang Organizations: BEIJING —, European, European Commission, EV, EU, World Trade Organization, Moody's, HSBC, Volkswagen, VW, China's Ministry of Commerce, China Passenger Car Association, Audi, Wan, Science, Technology, Ministry of Finance Locations: BEIJING, BEIJING — Europe, China, Beijing, Europe
Armenian PM blames Russia for failing to ensure security
  + stars: | 2023-09-24 | by ( ) www.reuters.com   time to read: +3 min
Armenian Prime Minister Nikol Pashinyan gives a televised address to citizens on the national independence day, in Yerevan, Armenia, in this picture released September 21, 2023. The Office to the Prime Minister of the Republic of Armenia/Handout via REUTERS Acquire Licensing RightsMOSCOW, Sept 24 (Reuters) - Armenia's Prime Minister Nikol Pashinyan said on Sunday the likelihood was rising that ethnic Armenians would flee the breakaway region of Nagorno-Karabakh and blamed Russia for failing to ensure Armenian security. He added that the Armenian-Russian strategic partnership was "not enough to ensure the external security of Armenia". Last week, Azerbaijan scored a victory over ethnic Armenians who have controlled the Karabakh region since the dissolution of the Soviet Union. An adviser to the leader of the Karabakh Armenians told Reuters earlier on Sunday that the population would leave because they feel unsafe under Azerbaijani rule.
Persons: Nikol Pashinyan, Pashinyan, Guy Faulconbridge, Peter Graff Organizations: Armenian, REUTERS Acquire, Rights, Armenia's, Reuters, stoke, Thomson Locations: Yerevan, Armenia, Republic of Armenia, Handout, Nagorno, Karabakh, Russia, Azerbaijan, Russian, Soviet Union, Moscow, Turkey, Iran, Georgia
GIANLUIGI GUERCIA/Pool via REUTERS/File Photo Acquire Licensing RightsBEIJING/SEOUL, Sept 23 (Reuters) - China's President Xi Jinping on Saturday said he will seriously consider visiting South Korea, Yonhap news agency reported, as part of efforts to support peace and security on the Korean Peninsula. Xi, who has not visited South Korea since 2014, held talks with Han in the eastern Chinese city of Hangzhou before the opening ceremony of the Asian Games on Saturday. Xi told Han he would welcome such a summit at an opportune time and would seriously consider visiting South Korea, Yonhap reported. China attaches great importance to the positive willingness of South Korea to commit to cooperation, Xi said, according to CCTV, and asked South Korea to meet it half way to maintain the direction of friendly cooperation. Tensions between the two countries rose after North Korea's Kim Jong Un made a week-long visit to Russia earlier this month, which angered the United States, Japan and South Korea.
Persons: Xi Jinping, GIANLUIGI, Xi, Han Duck, Han, Yonhap, Korea's Kim Jong Un, Albee Zhang, Ryan Woo, Joyce Lee, Mike Harrison, David Holmes Organizations: Rights, China Central Television, South Korean, Asian Games, South, Thomson Locations: Sandton, Johannesburg, South Africa, Rights BEIJING, SEOUL, South Korea, China, Hangzhou, Seoul, Japan, North Korea, Russia, United States, Beijing
BEIJING (Reuters) - China is willing to work with South Korea to promote a strategic partnership to develop with the times, President Xi Jinping told South Korean Prime Minister Han Duck-soo on Saturday, amid rising tensions surrounding Russia, the United States and North Korea. The commitment to cooperation came ahead of scheduled trilateral talks between China, Japan and South Korea in Seoul on Sept. 26, the first summit led by their senior officials in four years. Xi told Han that he welcomes the summit at an opportune time and he will seriously consider the matter of visiting South Korea, Yonhap reported on Saturday. China attaches great importance to the positive willingness of South Korea to commit to cooperation, Xi said, and asked South Korea to meet it half way to maintain the direction of friendly cooperation. Tensions between the two East Asian countries rose after North Korea's Kim Jong Un's weeklong visit to Russia earlier this month, which angered the United States, Japan and South Korea.
Persons: Xi Jinping, Han Duck, Xi, Han, Yonhap, Korea's Kim Jong, Albee Zhang, Ryan Woo, William Mallard, Mike Harrison Organizations: South Korean, Asian Games, China Central Television, South Locations: BEIJING, China, South Korea, Russia, United States, North Korea, Hangzhou, Japan, Seoul
China, resource-rich East Timor upgrade bilateral ties
  + stars: | 2023-09-23 | by ( ) www.reuters.com   time to read: +3 min
He said he would continue to foster a relationship with the United States, but added that East Timor would not be implicated in any rivalry between Beijing and Washington. East Timor welcomes strong ties with all countries, including its southern neighbour Australia, Ramos-Horta said last year. Upgrading their ties, China and East Timor agreed to cooperation under the Belt and Road Initiative championed by Xi, that could open the way for investment in infrastructure. China sent its military-run hospital ship to the Pacific in July to visit countries including East Timor and the Solomon islands. In a joint declaration, released on state run China Central Television (CCTV) on Saturday, China said it would provide help for East Timor's economic and societal development.
Persons: Xanana Gusmao, Mast, Xi Jinping, Jose Ramos, Ramos, Horta, Xi, Albee Zhang, Ryan Woo, Simon Cameron, Moore Organizations: Timor's, 43rd Association of Southeast Asian Nations, ASEAN, Rights, East Timor's, Asian Games, East, Washington . East Timor, Initiative, Pacific, China Central Television, Greater, Thomson Locations: Jakarta, Indonesia, Rights BEIJING, China, East Timor, Beijing, Hangzhou, Horta, United States, Timor, Washington . East, Australia, Southeast Asia, New Zealand, Solomon, Greater Sunrise
Chinese President Xi Jinping attends the plenary session of the 2023 BRICS Summit at the Sandton Convention Centre in Johannesburg, South Africa on August 23, 2023. GIANLUIGI GUERCIA/Pool via REUTERS/File Photo Acquire Licensing RightsBEIJING, Sept 23 (Reuters) - China is willing to work with South Korea to promote a strategic partnership to develop with the times, President Xi Jinping told South Korean Prime Minister Han Duck-soo on Saturday, amid rising tensions surrounding Russia, the United States and North Korea. The commitment to cooperation came ahead of scheduled trilateral talks between China, Japan and South Korea in Seoul on Sept. 26, the first summit led by their senior officials in four years. Xi told Han that he welcomes the summit at an opportune time and he will seriously consider the matter of visiting South Korea, Yonhap reported on Saturday. China attaches great importance to the positive willingness of South Korea to commit to cooperation, Xi said, and asked South Korea to meet it half way to maintain the direction of friendly cooperation.
Persons: Xi Jinping, GIANLUIGI, Han Duck, Xi, Han, Yonhap, Korea's Kim Jong, Albee Zhang, Ryan Woo, William Mallard, Mike Harrison Organizations: Rights, South Korean, Asian Games, China Central Television, South, Thomson Locations: Sandton, Johannesburg, South Africa, Rights BEIJING, China, South Korea, Russia, United States, North Korea, Hangzhou, Japan, Seoul
BRUSSELS (Reuters) - The European Commission on Friday said it would disburse 127 million euros ($135 million) in aid to Tunisia as part of its deal with the country aimed at fighting illegal immigration from Africa to Europe. The commission said 60 million euros would be made available in budget support to Tunisia, while a package worth around 67 million euros aimed at strengthening Tunisia's capacities to combat human traffickers and tighten border controls would be disbursed in the coming days. Tunisia and the EU in July signed a "strategic partnership" deal to fight illegal migration in return for financial support during a sharp increase in boats leaving the North African nation for Europe. ($1 = 0.9401 euros)(Reporting by Bart Meijer; Editing by Alex Richardson)
Persons: Bart Meijer, Alex Richardson Organizations: European, EU Locations: BRUSSELS, Tunisia, Africa, Europe
Chinese President Xi Jinping meets with Syria's President Bashar al-Assad in eastern Hangzhou city, in this handout picture released by Sana on September 22, 2023, Syria. China, the world's second-largest economy, will also support Syria's reconstruction, Chinese state media reported Xi as saying. In Chinese diplomacy, a "strategic partnership" implies closer coordination on regional and international affairs, including in the military sphere. But analysts said there was likely to be a limit to how far Beijing would help Damascus beyond recovering its regional status. "That is not part of China's role identity in the Middle East, which is to try and have a role without taking sides."
Persons: Xi Jinping, Bashar al, Sana, Handout, Syria's Assad, Assad, Xi, Caesar, Matteo Legrenzi, Joe Cash, Ella Cao, Gareth Jones Organizations: REUTERS Acquire, Saudi, Initiative, University of Venice, Thomson Locations: Assad, Hangzhou, Syria, Beijing, China, BEIJING, Iran, Saudi Arabia, Russia, Damascus, Ca'Foscari
We started buying semiconductor giant Broadcom (AVGO) last month and added to our position a few times since it reported fiscal third-quarter results Aug. 31. Indeed, the Thursday morning sell-off in Broadcom, which was down 4.3% at its intraday lows, is an overreaction. While Broadcom's AI revenue is growth is growing incredibly fast, the rest of its semiconductor business is stabilizing after working through its post-Covid inventory gluts. In fact, with the additional of VMware, Broadcom's companywide revenues will be about half semiconductor and half software. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
Persons: CNBC's Kristina Partsinevelos, Jim Cramer, EBITDA, There's, buyback, Jim Cramer's, Jim, Justin Sullivan Organizations: Broadcom, Devices, Investment, Google, Club, Apple, Software, VMware, Nvidia, Texas, AMD, Intel, Marvell, CNBC Locations: San Jose , California
Total’s green bet on Gautam Adani is a win-win
  + stars: | 2023-09-21 | by ( Pranav Kiran | ) www.reuters.com   time to read: +4 min
On Tuesday, the company said it would invest $300 million to form a joint venture with $19 billion Adani Green Energy (ADNA.NS) to build solar and wind farms in the country. The latest tie-up ought to help Total to hit its target of having 100 gigawatts of renewable energy capacity by 2030. Adani Green Energy and Adani Total Gas (ADAG.NS), in which Total owned stakes of about 20% and 37% at the end of June, have lost about 50% and 80% of their market value since January, and are among the worst performing of the group’s nine core listed entities. Total’s green capacity targets may be more pressing than the risk of further Adani problems. Adani Green will contribute assets to the joint venture, it said in a statement, adding that the deal will help it achieve its target of having 45 gigawatts of renewable energy capacity by 2030.
Persons: Gautam Adani, Carmichael, Hindenburg, Patrick Pouyanné, Adani, Una Galani, Katrina Hamlin Organizations: Reuters, Adani Enterprises, Adani, Green Energy, Australia, GQG, Barclays, Deutsche Bank, Energy, Thomson Locations: Indian, Ahmedabad, Queensland, BENGALURU, , India
This would in turn secure regional supply chains, boost trade connectivity and economic activity — all similar to objectives underpinning China's Belt and Road Initiative, a global infrastructure investment strategy that Beijing launched in 2013. - | Afp | Getty ImagesThis Biden-led initiative will comprise of two separate corridors, the east corridor connecting India to the Middle East and the northern corridor connecting the Middle East to Europe. Middle East influenceChina's BRI offers a glimpse into Biden's ambition and perhaps what his infrastructure pact will come up against. Debt risksEven then, China's 10-year head start offers some cautionary lessons for Biden's global infrastructure pact. "25% of debt of emerging markets is treading in distressed territory," IMF's Managing Director Kristalina Georgieva told CNBC on the sidelines of the Delhi G20 leaders' summit.
Persons: Crown Prince, Mohammed bin Salman, Narendra Modi, Joe Biden, Ludovic Marin, Recep Tayyip Erdoğan, Evan Feigenbaum, Emmanuel Macron, Joko Widodo, Luiz Inacio Lula da Silva, Gandhi, Biden, China's BRI, Beijing's BRI, Chong Ja Ian, Kristalina Georgieva, Janet Yellen, Chong, Modi Organizations: Saudi, Crown, India's, Bharat, Afp, Getty, Biden, Initiative, Carnegie Endowment, International, Brazil's, European Union, Democratic, Fudan University, for Economics, Business Research, Arab, United Arab, Bloomberg, IMF, National University of Singapore, Monetary Fund, World Bank, CNBC, Treasury, NUS, India, Shanghai Cooperation Organization Locations: New Delhi, Turkey, Delhi —, Beijing, U.S, Raj, India, East, Europe, UAE, Saudi Arabia, Jordan, Israel, Delhi, Democratic Republic of, Congo, Zambia, Lobito, Angola, Middle, Shanghai, London, China, United Arab Emirates, Washington, Saudi, Iran, People's Republic of China, New York, United States
REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsSept 16 (Reuters) - SoftBank (9984.T) is looking for deals in artificial intelligence (AI), including a potential investment in OpenAI, after the blockbuster listing of its Arm unit, the Financial Times reported on Saturday. Son said in June that his tech investing conglomerate planned to shift its stance to "offence mode" amid excitement over advances in AI. The Japanese tech investment company could also look to strike a broad strategic partnership with ChatGPT maker OpenAI, FT said. Son has expressed excitement about AI technology, adding he is a "heavy user" of ChatGPT, the AI-powered chatbot from Microsoft-backed (MSFT.O) startup OpenAI. SoftBank is looking at a range of alternatives to OpenAI as well, including a preliminary approach to buy Graphcore, a UK-based AI chipmaker, the report added.
Persons: Dado Ruvic, Masayoshi, Son, Sam Altman, SoftBank, Graphcore, OpenAI, Arm, Lavanya, Kanjyik Ghosh, William Mallard, Mark Potter Organizations: REUTERS, Financial Times, Microsoft, Reuters, Vision Fund, Thomson Locations: OpenAI, Bengaluru, Bangalore
China, Venezuela sign agreements on economy, trade, tourism
  + stars: | 2023-09-14 | by ( ) www.reuters.com   time to read: +3 min
China on Wednesday upgraded relations with Venezuela to an "all-weather strategic partnership", typically reserved for a select few nations. Maduro said Venezuela supports China's Belt and Road Initiative to boost trade infrastructure, Chinese media said, referring to a related conference in China next month. China has said it has Belt and Road cooperation agreements with more than 150 countries and over 30 international organisations. China said it is willing to support construction of special economic zones in Venezuela and both countries agreed to further develop bilateral trade and "enrich the variety of trade goods". In the statement they also said agreements on aviation and aerospace include future flights between the countries and cooperation in spaceflight.
Persons: Xi Jinping, Nicolas Maduro, Maduro's, Xi, Maduro, Bernard Orr, Liz Lee, Ella Cao, Elaine Hardcastle, Christopher Cushing Organizations: of, REUTERS Acquire, China Central Television, China, Initiative, United Nations, New Development Bank, Thomson Locations: Beijing, China, Miraflores, Handout, Venezuela, BEIJING, Venezuelan, China's, Brazil, Russia, India, South Africa
Shoppers will soon see jewelry designed by Kendra Scott at about 150 Target stores. Target said Tuesday that it has struck a deal with jeweler Kendra Scott to carry exclusive collections of earrings, bracelets and more, as it looks to get its sparkle back ahead of the key holiday season. With the new deal, colorful jewelry designed by Kendra Scott for Target will be available online and at about 150 stores. Most items cost less than $40, Target said. The big-box retailer declined to share the deal's financial terms, but described it as "a long-term strategic partnership."
Persons: Kendra Scott, Target, Levi Strauss, Organizations: Disney, Apple, Target
But for rights advocates, Biden's travels were a disappointment, given his administration's vow to prioritize human rights when taking office in 2021. The White House also unveiled a Vietnam Airlines purchase of 50 Boeing 737 Max jets worth $7.8 billion. Rights advocates fear a lack of focus on human rights, while not unexpected, will not only fail to improve conditions in Vietnam and India, but risk worsening them elsewhere. Reporters asked Biden in Vietnam if he was putting U.S. strategic interests above rights and replied: "I’ve raised it (human rights) with every person I met with." "As such, the Biden administration has tended to downplay or avoid human rights discussions," he said.
Persons: Joe Biden's, Biden's, Biden, Carolyn Nash, Narendra Modi's, HRW, Nash, John Sifton, Sifton, Modi, Vietnam's, Kurt Campbell, Campbell, Murray Hiebert, Vietnamese Communist Party Chief Nguyen Phu Trong, Lam, Derek Grossman, David Brunnstrom, Humeyra Pamuk, Don Durfee, Josie Kao Organizations: Vietnam Airlines, Boeing, Max, Amnesty International, Rights, Indian, Bharatiya Janata Party, Rights Watch, Vietnam, Communist Party, U.S, Biden, U.S ., Washington's Center, Strategic, International Studies, Vietnamese Communist Party Chief, RAND Corp, Thomson Locations: Vietnam, India, Washington, Hanoi, U.S, Asia, Pacific, China, Saudi Arabia
DUBAI, Sept 11 (Reuters) - Abu Dhabi state fund Mubadala Investment Company has committed $1 billion to U.S.-based Blue Owl Capital's credit platform under a strategic partnership announced by the two companies on Monday. The investment will initially focus on providing financing for technology companies, Mubadala and Blue Owl said in a statement. Blue Owl is an alternative investment manager with $150 billion in assets under management. Private credit funds are increasingly competing with banks, including for financing large company buyouts. I would advise that for the next maybe one year, the credit space would be an interesting space to deploy some investment," al-Mahmoud said at the time.
Persons: Fabrizio Bocciardi, QIA, Mansoor Ebrahim Al, Mahmoud, al, Hadeel Al Sayegh, Susan Fenton Organizations: Mubadala Investment Company, Asia Pacific, Qatar Investment Authority, Thomson Locations: DUBAI, Abu Dhabi, North America, Europe, Asia
NEW DELHI (AP) — India and Saudi Arabia agreed Monday to expand trade and security ties, two days after their leaders and others attending a Group of 20 summit announced a new railways and port corridor deal that will link India, Middle East and Europe. The two leaders discussed issues ranging from energy security, trade and investment to defense, health care and food security, India’s foreign ministry spokesperson Arindam Bagchi said. The India-Saudi Arabia Strategic Partnership Council, established in 2019, serves as a platform between the two countries to increase ties. During last week's G20 summit, India, Saudi Arabia, the United States, the European Union and other countries announced an ambitious rail and shipping corridor that will link India with the Middle East and Europe in a bid to strengthen economic growth and political cooperation. India views Saudi Arabia as one of its most important strategic partners in the Middle East.
Persons: Narendra Modi, Saudi Arabia’s Crown Prince Mohammed bin Salman, Arindam Bagchi, Modi, , Prince Mohammed Organizations: DELHI, , Indian, Saudi Arabia’s Crown, Partnership Council, Partnership, European Union, East . Trade Locations: — India, Saudi Arabia, India, Middle East, Europe, New Delhi, United States, East, Asia, West Asia
The United States imported nearly $127.5 billion in goods from Vietnam in 2022, compared with $101.9 billion in 2021 and $79.6 billion in 2020, according to US government data. The United States needs a trusted partner for its supply of chips, and Vietnam can do just that, Osius said. But that compares favorably with a global growth forecast of 3%, and is noticeably faster many of the world’s major economies, such as the United States, China and the eurozone. Politically, Vietnam shares many similarities to China in that it is an authoritarian one-party state that tolerates little dissent. Vietnam is an obvious choice, because it’s a cheap alternative to manufacturing in China, said García-Herrero.
Persons: Joe Biden, , Donald Trump’s, Nguyen Phu Trong, Biden, Antony Blinken, Evan Vucci, ” Ted Osius, Janet Yellen, Michael Every, Alicia García, Osius, chipmaker, Ho, “ We’re, Natixis, ” Osius, , — CNN’s Kyle Feldscher, Jeremy Diamond, Kevin Liptak Organizations: Hong Kong CNN, America, Apple, Intel, House, Communist Party of, ASEAN Business Council, CNN, United, Atlantic Council, Rabobank, White House, United State, Monetary Fund, , Netflix, Boeing Locations: Hong Kong, Vietnam, Washington, Hanoi, China, Asia, India, Communist Party of Vietnam, United States, Hanoi Nguyen Huy Kham, United, Beijing, The California, Ho Chi Minh City, Asia underwhelms
New Delhi CNN —President Joe Biden is nearing the end of a whirlwind trip to India and Vietnam for a series of high-profile meetings aimed at countering China’s influence in the developing world. That’s what this trip is all about, having India cooperate much more with United States, be closer to the United States, Vietnam being closer with the United States. “I think we have an enormous opportunity,” he said, adding: “Vietnam and the United States are critical partners at what I would argue is a very critical time. Here are five takeaways from the president’s trip to New Delhi and Hanoi. Biden tries to pull Vietnam closer to USBiden’s trip to Hanoi was his latest attempt to pull another one of China’s neighbors closer to the United States.
Persons: Joe Biden, Biden, ” Biden, , It’s, Nguyễn Phú, , I’m, ” “ I’m, Biden’s, Narendra Modi, Jake Sullivan, ” Sullivan, Oleg Nikolenko, Xi, Vladimir Putin, Xi Jinping, they’re, Kurt Campbell, Modi, – Biden, Campbell, it’s, ratchets, aggressions, Vietnam’s, Karine Jean, Pierre, Jean, Li Qiang, presser Organizations: New, New Delhi CNN, Communist Party of Vietnam, Sunday, Diplomats, Indian, Foreign, Facebook, , United, United Arab Emirates, World Bank, White, White House, Korean, Communist, Communist Party, Biden, CNN Locations: New Delhi, India, Vietnam, Hanoi, Asia, Beijing, China, United States, Ukraine, ” Russia, Russia, Ukrainian, East, Europe, United Kingdom, Japan, United Arab, Bali, Philippines, South China
Italian media reported earlier in the day that Italy would quit the BRI and instead seek to revitalise a strategic partnership agreement with China, aimed at fostering economic cooperation, that it first signed in 2004. Meloni met Chinese Premier Li Qiang on Saturday on the G20 sidelines and described the talks as polite and constructive. The Italian government has also been invited to a BRI Forum that China will host in October, she added. Italian politicians have questioned the value of the BRI agreement signed by a previous administration in 2019. In its statement on Saturday, Meloni's office mentioned the 20th anniversary next year of a separate Global Strategic Partnership signed by China and a government led by Silvio Berlusconi in 2004.
Persons: Giorgia Meloni, haven't, Meloni, Li Qiang, Silvio Berlusconi, Keith Weir, Giuseppe Fonte, Mark Heinrich Organizations: Initiative, Strategic Partnership Locations: ROME, China, Italy, West, Beijing, New Delhi
Italian media reported earlier in the day that Italy would quit the BRI and instead seek to revitalise a strategic partnership agreement with China, aimed at fostering economic cooperation, that it first signed in 2004. Meloni met Chinese Premier Li Qiang on Saturday on the G20 sidelines and described the talks as polite and constructive. The Italian government has also been invited to a BRI Forum that China will host in October, she added. Italian politicians have questioned the value of the BRI agreement signed by a previous administration in 2019. In its statement on Saturday, Meloni's office mentioned the 20th anniversary next year of a separate Global Strategic Partnership signed by China and a government led by Silvio Berlusconi in 2004.
Persons: Giorgia Meloni, haven't, Meloni, Li Qiang, Silvio Berlusconi, Keith Weir, Giuseppe Fonte, Mark Heinrich Our Organizations: Initiative, Strategic Partnership, Thomson Locations: China, Italy, West, Beijing, New Delhi
Hanoi, Vietnam CNN —President Joe Biden will arrive at Chinese leader Xi Jinping’s doorstep on Sunday with a deal in hand to draw yet another one of China’s neighbors closer to the United States. “It’s not going to be easy for Vietnam, because they’re under enormous pressure from China,” the official went on. In Vietnam, it’s not only China whose influence Biden is competing with. On Monday, Biden plans to announce steps to help Vietnam diversify away from an over-reliance on Russian arms, a senior administration official said. “I think that’s a deliberate design by the Biden administration,” said Yun Sun, the China program director at the Stimson Center.
Persons: Joe Biden, Xi Jinping’s, Biden, , It’s, playbook, Xi Jinping, Evelyn Hockstein, ” Biden, Modi, Xi, States ’, it’s, ratchets, aggressions, Didier Marti, “ We’re, , Biden’s, Mao Ning, Vietnam’s, Antony J, Blinken, Trung, Patricia Kim, Le Hoai, Jake Sullivan, Sullivan, ” –, General Secreatary Nguyen, Trong, Yun Sun, Organizations: Vietnam CNN, White House, Korean, Getty, Saturday, Communist Party, Xinhua, China’s, Monday, Communist Party of Vietnam's, Department of State . US Department of State, Biden, Brookings Institution, Communist, NATO, Wing, Stimson Locations: Hanoi, Vietnam, United States, Philippines, China, Beijing, New Delhi, AFP, Asia, States, Russia, Moscow, India, Brazil, South Africa, , That’s, South China, Washington, South Korea, Helsinki, Japan, Korea, Australia, United Kingdom
Mr. Biden’s trip to Hanoi, which includes a news conference scheduled for Sunday, is centered on signing a “comprehensive strategic partnership” with the Vietnamese, a symbolic but significant status long coveted by the United States. Since taking office, Mr. Biden has sought to enhance relations with several Southeast Asian nations because of their tactical value as a bulwark against rising Chinese aggression in the Indo-Pacific region. Secretary of State Antony J. Blinken accompanied Mr. Biden to the presidential palace, where honor guards marched to martial music before the meeting with Mr. Trong began. Earlier on Sunday, Mr. Biden concluded an eventful trip to New Delhi by joining the Group of 20 leaders at the memorial of Mohandas Karamchand Gandhi, the champion of nonviolent struggle. The G20 summit managed to produce a surprise consensus declaration before the end of its first day.
Persons: Biden, Jon, , Nguyen Phu Trong, Antony J, Blinken, Mr, Trong, Narendra Modi, Mohandas Karamchand Gandhi, Lee Wee Organizations: Air Force, U.S ., Communist Party of Vietnam, Group Locations: Vietnam, Russia, Hanoi, United States, New Delhi, U.S, China, India, Ukraine
Flags of participating countries are pictured inside the International media center at the venue of the G20 leaders' summit, days ahead of its commencement in New Delhi on September 7, 2023. Money Sharma | Afp | Getty ImagesNEW DELHI — The African Union became the second regional grouping to be admitted to the Group of 20 leading industrialized and developing nations as a full permanent member, Indian Prime Minister Narendra Modi announced Saturday at the start of the two-day G20 leaders' summit in Delhi. The widely-anticipated move underscores India's wide-ranging agenda to elevate the global multilateral forum's focus on the Global South in its presidency of the G20 this year. The 55-member bloc of African nations joins the European Union as only the second regional organization to become a permanent member of the G20. "It is in the spirit of together with all that India proposed permanent membership for the African Union in the G20."
Persons: Money Sharma, Narendra Modi, Modi, Azali Assoumani, Lula da Silva, Justin Trudeau, Emmanuel Macron, Germany's, Olaf Scholz, Fumio Kishida, Saudi Arabia's Crown Prince Mohammed bin Salman, Recep Tayyip Erdoğan, Joe Biden, Vladimir Putin, Xi Jinping, Sergey Lavrov, China Premier Li Qiang Organizations: International, Afp, Getty, African Union, Indian, European Union, International Monetary Fund, Global, U.S, Canadian, Saudi Arabia's Crown, Russian, China Premier Locations: New Delhi, Delhi, India, China, , Japan, Ukraine
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