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☆ Exclusive: Ukraine would only allow Russian ammonia exports if it gets expanded grain deal
▼ + stars: | 2023-05-19 | by ( Pavel Polityuk | ) www.reuters.com time to read: +2 min

The comments are the first time Kyiv has publicly laid out its stance on Russian ammonia, which Moscow wants shipped via the Black Sea under the agreement. The Ukrainian government source, who asked not to be named, told Reuters the language of the deal does not cover the transit of Russian ammonia across Ukraine. Despite Russian threats to pull out of the deal, the Black Sea deal was extended for two months on Wednesday a day before it was due to expire. MORE PORTS, MORE GOODSOnly three of Ukraine's major Black Sea ports are included in the agreement. Officials have previously said the country, which used to export steel across the Black Sea, needs to export steel products.

☆ G7 draft communique on China relationship: 'We act in our national interest'
▼ + stars: | 2023-05-19 | by ( ) www.reuters.com time to read: 1 min

TOKYO, May 19 (Reuters) - Members of the Group of Seven advanced nations are prepared to build "constructive and stable relations" with China while acting in their national interests, according to a draft version of their communique seen by Reuters on Friday. The leaders, who kicked off a three-day summit in the Japanese city of Hiroshima that goes until Sunday recognise that "economic resilence requires de-risking and diversifying" from the world's second-largest economy, the draft showed. The final version of the communique is expected to be released on Sunday. Reporting by John Irish; Editing by David Dolan and Toby ChopraOur Standards: The Thomson Reuters Trust Principles.

☆ Italy is planning a sovereign fund amid a new era of national interest
▼ + stars: | 2023-05-19 | by ( Silvia Amaro | ) www.cnbc.com time to read: +2 min

Italy is moving ahead with a sovereign fund to support critical parts of its economy, amid a wider push by several European nations to bring global supply chains closer to home. Italy's Minister of Enterprises Adolfo Urso announced Wednesday a public-private fund that looks at consolidating "national strategic supply chains" in the areas of raw materials and energy. The announcement comes after Ireland, another EU nation, said earlier this month that it intends to start a sovereign wealth fund next year. Italy established a wealth fund back in 2011 which has investments in energy, communications and aerospace sectors. When Covid-19 hit in early 2020, many European nations struggled to get their hands on masks and other protective equipment, which were manufactured in Asia.

Hong Kong CNN —China’s Communist Party had “supreme access” to all data held by TikTok’s parent company Bytedance, including on servers in the United States, a former employer who is bringing a wrongful termination lawsuit has alleged. Yintao “Roger” Yu filed a lawsuit of wrongful termination against Bytedance in Superior Court in San Francisco earlier this month. Yu’s lawsuit alleges that the company made user data accessible to China’s Communist Party via a backdoor channel, no matter where the data was located. Yu worked for ByteDance Inc. for less than a year and his employment ended in July 2018,” which Yu disputed in his complaint. So the risk would be similar to any government going to an American company, asking for data,” Chew said at the hearing.

Long stuck in the shadow of Erdogan and his Islamist-rooted AK Party (AKP), opposition leader Kilicdaroglu has flourished on the campaign trail with polls showing he has a slight lead. Kilicdaroglu said a fundamental problem of Turkey's foreign policy during the tenure of Erdogan's AKP was the exclusion of the foreign ministry in the policy making process. 'PEACE-ORIENTED FOREIGN POLICY'"We would pursue a peace-oriented foreign policy that prioritises Turkey's national interest. Before entering politics, Kilicdaroglu worked in the finance ministry and then chaired Turkey's Social Insurance Institution for most of the 1990s. A year after losing a mayoral run in Istanbul, he was elected unopposed as party leader in 2010.

One presidential candidate from a small party, Muharrem Ince, withdrew on Thursday citing a faked "character assassination" carried out online. "We find it unacceptable for another country to interfere in Turkey's election process in favour of a political party. [1/4] FILE PHOTO-Kemal Kilicdaroglu, presidential candidate of Turkey's main opposition alliance, greets his supporters during a rally ahead of the May 14 presidential and parliamentary elections, in Tekirdag, Turkey April 27, 2023. Kilicdaroglu said a fundamental problem of Turkey's foreign policy in Erdogan's AK Party (AKP) tenure was the exclusion of the foreign ministry from the policy-making process. Turkey, Kilicdaroglu said, will pursue a peace-oriented foreign policy that prioritises its national interest and acts in line with the modern world.

WASHINGTON, May 10 (Reuters) - China is facing a growing backlash from the United States and other Western governments over its controversial efforts to pressure dissidents and their advocates abroad, but Beijing has appeared undeterred. Authorities in the U.S., Canada, Britain and elsewhere recently have taken a hard line, including with expulsions, indictments, arrests and probes, against Chinese operations they say are aimed at intimidating critics and pursuing officials accused of corruption living abroad. Among Beijing's alleged tactics are threats of harm, online harassment and clandestine operations on foreign soil to hunt pro-democracy activists. Beijing responded within hours by ordering a Canadian diplomat in Shanghai to leave over what it called Ottawa's "unreasonable actions". Despite the latest diplomatic spat between China and Canada, “I don't think that you can say that these particular actions are harming the business relationship," said Sarah Kutulakos, the executive director of the Canada China Business Council.

ROME, May 5 (Reuters) - Italy's Treasury is open to reducing its 64% stake in Monte dei Paschi di Siena (MPS) (BMPS.MI) through one or more share sales on the market, three people briefed on the matters told Reuters. After rescuing MPS at a cost of 5.4 billion euros ($6 billion) for taxpayers, Rome pumped another 1.6 billion into the Tuscan bank last November when it covered 64% of a 2.5 billion euro capital raise. MPS had to raise fresh capital to fund staff exits and replenish its capital reserves after the Treasury failed to clinch a sale of the bank to UniCredit (CRDI.MI) in 2021. Prime Minister Giorgia Meloni said several times that MPS's privatisation should foster the creation of several large banking groups in the country. ($1 = 0.9081 euros)Reporting by Giuseppe Fonte in Rome and Valentina Za in Milan; Editing by Susan FentonOur Standards: The Thomson Reuters Trust Principles.

☆ Beijing expects foreigners to trust, not verify
▼ + stars: | 2023-05-05 | by ( Pete Sweeney | Thomson Reuters | Asia Economics Editor Pete Sweeney Joined Reuters Breakingviews In Hong Kong In September Previously He Served As Reuters' Chief Correspondent For China Economy | ) www.reuters.com time to read: +4 min

In recent months, Chinese investigators have detained employees of U.S. due-diligence firm Mintz Group, visited consultancy Bain & Company and suspended auditor Deloitte’s Beijing operations for three months. Security watchdogs have restricted overseas access to financial data providers like Wind Information, as well as academic database China National Knowledge Infrastructure. Local banks loaned 3.9 trillion yuan ($560 billion) in March alone while corporations issued 328 billion yuan of bonds. Besides Wind, other Chinese data providers including company databases Qichacha and TianYanCha have stopped opening to offshore users, according to three of the sources. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

☆ Italy's TIM seeks final offer for grid by June 9
▼ + stars: | 2023-05-04 | by ( Elvira Pollina Jubabu | Elvira Pollina | ) www.reuters.com time to read: +2 min

TIM directors gathered on Thursday to draw a response to rival non binding approaches for its landline grid by KKR (KKR.N) and a consortium comprising state lender CDP and fund Macquarie (MQG.AX), worth 21 billion euros ($23 billion) and 19.3 billion euros, respectively. In a statement after the board meeting, TIM said it deemed the bids "not yet adequate", adding at least one of the bidders had expressed its readiness to improve its non-binding offer. Three sources with knowledge of the matter said KKR was willing to work further on its bid's terms. Italian last month said her right-wing administration would not intervene at this stage in the network sale process, although it is on alert to avoid any risk to the national interest. ($1 = 0.9081 euros)Reporting by Elvira Pollina and Juby Babu, Editing by Franklin PaulOur Standards: The Thomson Reuters Trust Principles.

☆ U.S. issues guidelines on defending Philippines from South China Sea attack
▼ + stars: | 2023-05-04 | by ( Karen Lema | ) www.reuters.com time to read: +3 min

The guidelines said the bilateral treaty commitments would be invoked if either is attacked specifically in the South China Sea and also if coast guard vessels were the target. 'WARNING' TO CHINAThe South China Sea, a waterway vital to global trade, has become a major flashpoint in the increasingly testy relationship between China and the United States. China's foreign ministry on Thursday said it opposed the use of bilateral defence treaties to interfere in the South China Sea, which "should not be a hunting ground for external forces". The guidelines were released during visit to Washington this week by Marcos, which included talks with counterpart Joe Biden. Marcos also met Defense Secretary Lloyd Austin, who told him "we will always have your back, in the South China Sea or elsewhere in the region."

☆ India's ties with Russia remain steady. But Moscow's tighter embrace of China makes it wary
▼ + stars: | 2023-05-03 | by ( Sumathi Bala | ) www.cnbc.com time to read: +7 min

(PRAKASH SINGH/AFP via Getty Images) Prakash Singh | Afp | Getty ImagesIndia's relationship with Russia remains steadfast as both sides seek to deepen their economic ties. Russia also wants to "intensify" free trade discussions with India, Deputy Prime Minister Denis Manturov said during a visit to Delhi. watch nowIt's becoming "more difficult with every passing day because of the closeness that we are witnessing between Beijing and Moscow," Pant noted. This defense cooperation is vital given India's tensions along the Himalayan border with an increasingly assertive China, said ORF's Pant. Now, the country cannot expect Russia to play "the same strategic role for India as it used to prior to the Ukraine war.

☆ Mexico president asks Biden to stop USAID funding opposition groups
▼ + stars: | 2023-05-03 | by ( Sarah Morland | ) www.reuters.com time to read: +2 min

MEXICO CITY, May 3 (Reuters) - Mexico's president asked his U.S. counterpart Joe Biden to stop the United States Agency for International Development (USAID) from funding groups hostile to his government, according to a letter presented to journalists on Wednesday, echoing previous Mexican criticism of U.S. interventionism. The letter calls for Biden's intervention, saying the U.S. State Department in recent days announced that USAID would increase its funding toward such organizations. Mexico had in 2021 sent a similar letter asking USAID to withdraw funding allocated to non-governmental organizations critical of the government. The State Department, USAID, MCCI and Article 19 did not immediately respond to a request for comment. The State Department has said there are credible reports on restrictions on free expression and media in Mexico - the deadliest country for journalists last year.

☆ Wrexham paint town red with open-top bus parade after promotion to EFL
▼ + stars: | 2023-05-02 | by ( ) www.reuters.com time to read: +1 min

[1/4] Soccer Football - National League - Wrexham Victory Parade - Wrexham, Wales, Britain - May 2, 2023 Fans light flares as Wrexham players celebrate with the trophy on the bus during the victory parade REUTERS/Carl RecineMay 2 (Reuters) - Wrexham's Hollywood owners Ryan Reynolds and Rob McElhenney ditched the star-studded Met Gala to join the Welsh soccer club's open-top bus victory parade on Tuesday as they celebrated their promotion to the English Football League. Wrexham secured a fairytale return to the EFL following a 15-year absence last month after beating Boreham Wood 3-1 to win the National League with a game to spare. The dollop of Hollywood glitz has made Wrexham's promotion one of the most unlikely and heart-warming stories for many a season. Wrexham said the parade was also to celebrate the achievements of their women's team, who achieved promotion to Adran Premier, the highest level of league competition for the women's game in Wales. Reporting by Manasi Pathak in Bengaluru Editing by Christian RadnedgeOur Standards: The Thomson Reuters Trust Principles.

"Since Xi Jinping took power in 2012, China has expanded the legal landscape for exit bans and increasingly used them, sometimes outside legal justification," the Safeguard Defenders report reads. Attention on the exit bans comes as China-U.S. tensions have risen over trade and security disputes. The Reuters analysis of records on exit bans, from China's Supreme Court database, shows an eight-fold increase in cases mentioning bans between 2016 and 2022. Most of the cases in the database referring to exit bans are civil, not criminal. Some activists say the wider use of exit bans reflects tighter security measures under President Xi.

☆ Is Brazil Under Luiz Inácio Lula da Silva ‘Anti-American’? - The New York Times
▼ + stars: | 2023-05-02 | by ( Vanessa Barbara | ) www.nytimes.com time to read: +2 min

When Luiz Inácio Lula da Silva took office in January, after defeating Mr. Bolsonaro, it was widely hoped that he would guide Brazil back to the international mainstream. The early signs were good: In November, even before assuming the presidency, Mr. Lula traveled to COP27 in Egypt, and there was an amiable visit to the United States in February. Then Mr. Lula started going off script. In line with the country’s history of multilateralism, and sensitive to its needs, Mr. Lula is charting his own course. Mr. Lula’s visit to Beijing in April, where he met President Xi Jinping amid much fanfare, put several noses out of joint.

☆ Philippines' Marcos to forge stronger relationship with U.S. during visit
▼ + stars: | 2023-04-30 | by ( ) www.cnbc.com time to read: +1 min

U.S. President Joe Biden meets with Philippine President Ferdinand Marcos, Jr., on the sidelines of the U.N. General Assembly in New York City on Sept. 22, 2022. Philippine President Ferdinand Marcos Jr. said his meeting with U.S. President Joe Biden on Monday was essential in advancing his country's national interest and strengthening the "very important alliance" between Manila and Washington. Before leaving for his four-day official visit to Washington, Marcos said on Sunday he would convey to Biden his determination to forge "an even stronger relationship" with the United States to "address the concerns of our times," including issues related to the economy. Biden and Marcos are expected to reach agreements on greater business engagement, as well as "military enhancements" amid shared concerns about China, a senior Biden administration official told Reuters. The senior U.S. administration official said it was impossible to underestimate the strategic importance of the Philippines, although the relationship was more than just about security.

☆ Turkey's Baykar plans production of new air combat drone next year
▼ + stars: | 2023-04-29 | by ( ) www.reuters.com time to read: +2 min

ISTANBUL, April 29 (Reuters) - Turkish defence firm Baykar aims to begin production of its new unmanned combat aerial vehicle (UCAV) next year which is already attracting international interest, its chairman Selcuk Bayraktar said. Named Kizilelma, the drone expands the company's product range from slow, ground attack drones to fast and agile autonomous ones that work alongside fighter jets. "It is designed to be a highly autonomous, under human purview of course, air-to-air combat vehicle" said Bayraktar, who led the design of the 15-meter-long jet-powered UCAV. Baykar plans to begin production in small quantities next year. Kizilelma made its first flight in December and began formation flight tests with Baykar's other drones this month.

☆ A 'tinderbox' with no easy off-ramps: What the Sudan conflict means for the world
▼ + stars: | 2023-04-25 | by ( Elliot Smith | ) www.cnbc.com time to read: +10 min

Smoke rises during clashes between the Sudanese Armed Forces and the paramilitary Rapid Support Forces (RSF) in Khartoum, Sudan on April 19, 2023. "We urge the Sudanese army to respect the ceasefire and its conditions to alleviate the suffering of innocent civilians. - | Afp | Getty ImagesNotorious Russian mercenary force Wagner Group has been linked to various commercial and military operations in Sudan. Italian citizens are boarded on an Italian Air Force C130 aircraft during their evacuation from Khartoum, Sudan, in this undated photo obtained by Reuters on April 24, 2023. "The RSF is likely to target oil infrastructure linking South Sudan with Khartoum and the export terminal at Port Sudan," Verisk Maplecroft's Hunter suggested.

CNN —The World Health Organization warned Tuesday of a “huge biological risk” after Sudanese fighters seized the National Public Health Laboratory in the capital Khartoum, as foreign nations raced to mount rapid evacuation efforts from the country and violence punctured a fragile US-brokered ceasefire. Seized laboratory a potential ‘germ bomb’A high-ranking medical source told CNN that the lab, which contains samples of diseases and other biological material, had been taken over by RSF forces. Navy PhotoAs many as 500 people fleeing the fighting have begun boarding the French frigate “Lorraine” in Port-Sudan on Tuesday afternoon, a spokesman for the French Chief of Defense Staff told CNN. “Shops are running out of food completely” and several food factories in the state had been looted, the witness, who asked to remain anonymous for security reasons, told CNN. On Monday, the Sudanese military claimed that the RSF killed an Egyptian diplomat, while the RSF claimed the army targeted civilians in an airstrike on a Khartoum neighborhood.

☆ Ron DeSantis, facing challenges at home, will test presidential ambitions overseas
▼ + stars: | 2023-04-23 | by ( Steve Contorno | ) edition.cnn.com time to read: +8 min

While in Israel, DeSantis will also keynote an event hosted by The Jerusalem Post and the Museum of Tolerance Jerusalem. The trip will spotlight DeSantis’ foreign policy credentials as he inches toward a White House bid. DeSantis’ predecessor, now-US Sen. Rick Scott, embarked on more than a dozen trade missions during his tenure as governor. Eleven Florida Republicans have endorsed Trump over DeSantis so far – including seven last week. State lawmakers have also balked at a provision in DeSantis’ immigration package that would eliminate in-state tuition for undocumented residents.

☆ Sale of Italy's MPS should help create several big banks, says Meloni
▼ + stars: | 2023-04-22 | by ( ) www.reuters.com time to read: +2 min

Monte dei Paschi (MPS), of which the government owns 64% following a 2017 bailout, is seen playing a pivotal role in the consolidation expected among Italy's mid-sized lenders. After failing to clinch a sale of MPS to UniCredit (CRDI.MI) in 2021, the government is expected to seek another bank interested in buying its stake in the Tuscan lender. The government has just decided to renew Luigi Lovaglio's mandate as MPS chief executive for another term. We confirmed Lovaglio at the helm of Monte dei Paschi, the CEO successfully led the last capital increase, and now we must work to bring Monte back to the private market," Meloni said. "The government will not intervene, it is alert to check that there are no situations that jeopardise the national interest," Meloni told the newspaper.

☆ Analysis: Australia prepares more assertive military stance to deter conflict
▼ + stars: | 2023-04-21 | by ( Kirsty Needham | ) www.reuters.com time to read: +5 min

The review examined how Australia could better integrate with its AUKUS partners the United States and Britain, as well as other allies, the government has said. Changing that equation is crucial to the future of Australia's military, they said. Campbell said Australia's defence forces would enhance how they could operate alongside partners, but has ruled out foreign bases on its soil and will always retain control of its forces. Even as it beefs up its military, Australia says China will remain an important trade partner. One of the world's top LNG exporters, Australia's top gas customers last year were Japan, China and South Korea.

☆ 'This is madness': Libya's bitter divisions split Eid holiday
▼ + stars: | 2023-04-21 | by ( ) www.reuters.com time to read: +2 min

[1/2] People attend an Eid al-Fitr prayer, marking the end of the Muslim holy fasting month of Ramadan at a public square, in Benghazi, Libya April 21, 2023. Religious authorities in east Libya, aligned with the parliament which is based there, said they had sighted the crescent moon on Thursday, making it the last day of fasting and setting Friday as Eid. "This is madness and I pray it ends here," said Ahmed Mesbah, 50, in Tripoli, who has chosen to celebrate Eid on Friday. The country split in 2014 between warring factions in east and west, a rift that remains despite comparative peace since 2020. "The split between east and west on such a happy occasion is hurtful and makes me sad.

☆ Janet Yellen says U.S. economic competition with China must be 'fair to both sides'
▼ + stars: | 2023-04-20 | by ( Chelsey Cox | ) www.cnbc.com time to read: +5 min

China has pivoted away from market reforms "toward a more state-driven approach that has undercut its neighbors and countries across the world," Yellen said. Her comments come as Washington, and the Republican-held House in particular, increase pressure on Beijing as part of a sustained U.S. backlash against China's economic tactics. WASHINGTON — The U.S. seeks healthy economic competition with China even as the country pursues intellectual property to gain an economic edge, Treasury Secretary Janet Yellen said Thursday. Hundreds of Chinese firms are listed on our stock exchanges, which are part of the deepest and most liquid capital markets in the world," Yellen said. Yellen vowed to partner with U.S. allies in countering China's "unfair economic practices" while advancing "our vision for an open, fair, and rules-based global economic order."

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