DIRS.INFO The most relevant business & tech news

☆ Honduras ends decades-long diplomatic ties with Taiwan
▼ + stars: | 2023-03-26 | by ( ) www.reuters.com time to read: +1 min

TEGUCIGALPA, March 25 (Reuters) - Honduras said on Saturday it was ending its decades-long diplomatic relations with Taiwan, bringing it closer to China as it expands its footprint in Central America. "The government of Honduras recognises the existence of just one China," the Honduran foreign ministry said in a post on Twitter. The ministry said Honduras had notified Taiwan of its decision to break ties, and that it would not return to having any relationship or official contact with Taiwan. The Honduran foreign minister travelled to China this week to open relations after President Xiomara Castro said her government would start ties with Beijing, Honduras being one of only 14 countries to formally recognise Taiwan. China views Taiwan as one of its provinces with no right to state-to-state ties, a view the democratically elected government in Taipei strongly disputes.

☆ Factbox: And then there were 13: Taiwan's diplomatic allies
▼ + stars: | 2023-03-26 | by ( ) www.reuters.com time to read: 1 min

March 26 (Reuters) - Honduras has ended its decades-long relationship with Taiwan and said it only recognised China, leaving Taiwan with formal diplomatic relations with only 13 countries. China views democratically governed Taiwan as part of its territory with no right to state-to-state ties, a position Taiwan's government strongly disputes. Over the years, China has slowly whittled away at the number of countries that maintain formal diplomatic ties with Taiwan. Following is a list of states that have diplomatic ties with Taiwan:LATIN AMERICA AND CARIBBEANBelizeGuatemalaParaguayHaitiSaint Kitts and NevisSaint LuciaSaint Vincent and the GrenadinesPACIFICMarshall IslandsNauruPalauTuvaluAFRICAEswatiniEUROPEVatican CityReporting by Ben Blanchard; Editing by Robert BirselOur Standards: The Thomson Reuters Trust Principles.

An exchange-rate board in Tehran last month, when the Iranian rial plunged against the dollar. TEHRAN—Iran’s move to reset diplomatic relations with Saudi Arabia was a radical break from years of enmity between the two Middle East rivals, but it hasn’t been enough to prop up its struggling economy. Before China stepped in to broker the deal earlier this month, Iran’s currency, the rial, had lost a fifth of its value over the last two weeks of February to hit a record low, adding to the problems besetting the ruling clerics here.

☆ U.S. warns China's promises often empty as Honduras wavers on Taiwan
▼ + stars: | 2023-03-25 | by ( ) www.reuters.com time to read: +3 min

[1/2] The flags of Taiwan and Honduras flutter in the wind outside the Taiwan Embassy in Tegucigalpa, Honduras March 15, 2023. At stake is China's growing footprint in Central America, once a steadfast base for Taiwan and where the United States is worried about Beijing's expanding influence in its backyard. The American Institute in Taiwan said that while Honduras' possible severing of ties with Taipei in favour of Beijing was a sovereign decision, China does not always follow through on its promises. The Honduras drama is happening ahead of a high-profile visit by Taiwan President Tsai Ing-wen to the United States and Central America next week. The United States also has no official ties with Taiwan but is the island's most important international backer and arms supplier.

☆ Taiwan says China's involvement in Honduras is obvious
▼ + stars: | 2023-03-23 | by ( ) www.reuters.com time to read: +2 min

TAIPEI, March 23 (Reuters) - Taiwan sees China's involvement in Honduras' decision to seek to end relations with the island as very obvious and the situation does not look good with Honduras demanding a "high price", the island's foreign minister said on Thursday. Honduras denied on Wednesday it had demanded $2.5 billion in aid from Taiwan before its announcement to seek to open relations with China, instead saying the country had repeatedly requested Taiwan buy Honduran public debt. read moreSpeaking to reporters at parliament, Taiwan Foreign Minister Joseph Wu said the situation with Honduras was "not very good". Honduras Foreign Minister Eduardo Enrique Reina said last week Honduras' decision was partly because the Central American country was "up to its neck" in financial challenges and debt - including $600 million it owes Taiwan. Wu, answering a lawmaker question, said Honduras did not just owe Taiwan money.

☆ Honduran official: US 'respects' decision on China relations
▼ + stars: | 2023-03-21 | by ( ) www.reuters.com time to read: +1 min

TEGUCIGALPA, March 20 (Reuters) - The U.S. government said it "respects" Honduras' decision to move towards establishing formal diplomatic ties with China, the Honduran Foreign Minister Enrique Reina said on Monday after a meeting with U.S. officials. Reina said Honduras' President Xiomara Castro made "general comments" on the decision during the meeting attended by different officials such as U.S. Special Presidential Adviser for the Americas Chris Dodd. Castro announced last week the country would seek diplomatic ties with Beijing, a move that risks further reducing Taiwan's pool of allies as China does not allow countries with which it has diplomatic relations to maintain official ties with Taiwan. China claims Taiwan as its own territory with no right to state-to-state ties, a position Taiwan strongly disputes. Since 2016, when Tsai Ing-wen was elected Taiwan's president, Panama, El Salvador and most recently, Nicaragua, have opted to establish relations with China.

☆ Canada PM Trudeau's top aide to testify in parliament on Chinese election meddling
▼ + stars: | 2023-03-21 | by ( Ismail Shakil | ) www.reuters.com time to read: +2 min

OTTAWA, March 21 (Reuters) - Canadian Prime Minister Justin Trudeau bowed to pressure from the opposition and agreed to allow his top aide to testify before a parliamentary committee probing alleged Chinese election interference, his office said on Tuesday. Conservative leader Pierre Poilievre has repeatedly called for Trudeau's chief of staff, Katie Telford, to speak in a parliamentary committee looking into the foreign election tampering. The government had refused until the leader of the New Democrat Party, which supports Trudeau in key parliamentary votes, on Tuesday backed the Conservative call. Demands for Telford's testimony stem from allegations in unconfirmed media reports that Trudeau's aides were made aware of specific Chinese interference attempts. In a bid to further address Chinese meddling, Trudeau last week appointed David Johnston, a former governor general, as an independent special investigator into the allegations.

☆ Putin to welcome Xi to Moscow under shadow of Ukraine war
▼ + stars: | 2023-03-20 | by ( ) www.reuters.com time to read: +5 min

[1/3] Chinese President Xi Jinping and Russian President Vladimir Putin attend a ceremony dedicated to the 70th anniversary of the establishment of diplomatic relations between Russia and China, in Bolshoi Theatre in Moscow, Russia June 5, 2019. Sergei Ilnitsky/Pool via ReutersMarch 20 (Reuters) - Russian President Vladimir Putin will expect Chinese President Xi Jinping to show solidarity against western hegemony when he arrives in Moscow on Monday, while Xi will present China as a global peacemaker intent on brokering an end to the Ukraine war. And Ukrainian President Volodymyr Zelenskiy has previously made clear he will accept nothing short of Russia's full withdrawal from Ukrainian territory. We welcome China's willingness to play a constructive role in resolving the crisis," Putin said. Ukrainian forces have held out in Bakhmut since last summer in the longest and bloodiest battle of the year-long war.

At a joint news conference with his Turkish counterpart, Egyptian Foreign Minister Sameh Shoukry said talks with Turkey on the possibility of restoring ties to ambassadorial level would happen at "the appropriate time". Turkish Foreign Minister Mevlut Cavusoglu said Turkey would upgrade its diplomatic relations with Egypt to ambassador level "as soon as possible". "There is a political will and directives from the presidents of both countries when they met in Doha ... to launch the path towards a full normalisation of relations," Shoukry said. Consultations between senior foreign ministry officials in Ankara and Cairo began in 2021, amid a push by Turkey to ease tensions with Egypt, the UAE, Israel and Saudi Arabia. As part of that tentative reconciliation, Ankara asked Egyptian opposition TV channels operating in Turkey to moderate their criticism of Egypt.

DUBAI—Iran has agreed to halt covert weapons shipments to its Houthi allies in Yemen as part of a China-brokered deal to re-establish diplomatic relations with Saudi Arabia, U.S. and Saudi officials said, a move that could inject new momentum into efforts to end one of the region’s longest-running civil wars. For years, Saudi Arabia and Iran have backed opposing sides in the Yemen conflict, fueling a war that has had disastrous humanitarian consequences and spilled beyond the country’s borders as Houthi forces have launched missile and drone attacks on the Saudi kingdom.

☆ Senior U.S. envoy to travel to Honduras as it considers China ties
▼ + stars: | 2023-03-16 | by ( ) www.reuters.com time to read: +3 min

TEGUCIGALPA, March 16 (Reuters) - A high-ranking envoy of President Joe Biden will travel to Panama and Honduras this month, the U.S. Department of State said on Thursday, days after Taiwan ally Honduras said it would establish formal diplomatic ties with China. "China has been suppressing Taiwan's diplomacy, so it will invest funds related to specific countries in order to block Taiwan's diplomatic development," he said. "Therefore, we very much hope that Honduras can recognize the true nature of China and hope they maintain diplomatic relations and not be deceived." While the United States has no formal diplomatic ties with Taiwan, it is Taiwan's most important international backer and arms supplier. China says Taiwan is one of its provinces with no right to state-to-state ties, a view the democratically elected government in Taipei strongly rejects.

☆ Honduras ditching Taiwan raises larger geopolitical concerns
▼ + stars: | 2023-03-16 | by ( ) www.cnbc.com time to read: +3 min

The national flags of Honduras and Taiwan are seen at the Republic of China Square in Tegucigalpa on March 15, 2023. Stringer | AFP | Getty ImagesHonduras' decision to cut diplomatic ties with Taiwan in favor of China is yet another sign of growing Chinese influence in Latin America. But some of the few remaining in Latin America, like Paraguay and Guatemala, promised Wednesday to keep their support for Taiwan. "It is a complex decision, we understand, but Honduras' foreign policy should seek to benefit the people. In that sense, Tuesday's announcement also exemplifies the American government is "losing its grasp on" Latin America, said David Castrillon-Kerrigan, research-professor on China-related issues at Colombia's Externado University.

☆ Taiwan warns Honduras against 'poison' of aid from China
▼ + stars: | 2023-03-16 | by ( ) www.reuters.com time to read: +2 min

[1/2] The flags of Taiwan and Honduras flutter in the wind outside the Taiwan Embassy in Tegucigalpa, Honduras March 15, 2023. Honduran President Xiomara Castro said on Tuesday she had asked her foreign minister to open official relations with China. Reina said Honduras had asked Taiwan to double its annual aid to $100 million but never received an answer. Taiwan denied that, saying comments from the Honduran foreign minister did not reflect facts of their communications. China does not allow countries with which it has diplomatic relations to maintain official ties with Taiwan, which it claims as its own territory with no right to state-to-state ties, a position Taiwan strongly disputes.

☆ Taiwan warns Honduras against 'poison' of taking aid from China
▼ + stars: | 2023-03-16 | by ( ) www.reuters.com time to read: +3 min

[1/2] The flags of Taiwan and Honduras flutter in the wind outside the Taiwan Embassy in Tegucigalpa, Honduras March 15, 2023. Honduran President Xiomara Castro said on Tuesday she had asked her foreign minister to open official relations with China. "We remind the Honduran government that it should not quench its thirst with poison, even if fully parched by debt obligations," the Taiwan ministry said. Reina said Honduras had asked Taiwan to double its annual aid to $100 million but never received an answer. Taiwan denied that, saying comments from the Honduran foreign minister did not reflect facts of their communications.

☆ China was a good partner to do this, former U.S. ambassador to Saudi Arabia says
▼ + stars: | 2023-03-15 | by ( Dan Murphy | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChina was a good partner to do this, former U.S. ambassador to Saudi Arabia saysJoseph Westphal, former U.S. ambassador to Saudi Arabia, says China was the "right partner" for Saudi Arabia and Iran to work with on normalizing diplomatic relations.

☆ Saudi investment in Iran could happen 'very quickly' after agreement - minister
▼ + stars: | 2023-03-15 | by ( Rachna Uppal | ) www.reuters.com time to read: +1 min

RIYADH, March 15 (Reuters) - Saudi Arabia's finance minister, Mohammed al-Jadaan, said on Wednesday that Saudi investments into Iran could happen "very quickly" following an agreement. "There are a lot of opportunities for Saudi investments in Iran. Tehran and Riyadh agreed to resume diplomatic relations and re-open embassies within two months, according to a statement issued by Iran, Saudi Arabia and China, which brokered the deal. "To focus on your economic development and focus on providing for the people in your country, you need stability, and they (Iran) need both," al-Jadaan said in Riyadh. He said there are a lot of opportunities in Iran and that Saudi Arabia also provides a lot of opportunities for them.

☆ Saudi Arabia could start investing in Iran 'very quickly,' finance minister Mohammed Al-Jadaan says
▼ + stars: | 2023-03-15 | by ( Natasha Turak | ) www.cnbc.com time to read: +3 min

watch nowSaudi Arabia may soon be investing in its longtime regional foe Iran following a breakthrough agreement reached between the two countries to re-establish diplomatic relations, the kingdom's Finance Minister Mohammed Al-Jadaan said Wednesday. Asked by CNBC's Hadley Gamble in Riyadh how soon the world might see the wealthy Saudi kingdom making significant investments into Iran and vice versa, Al-Jadaan replied: "I would say very quickly." "When people really stick to the principles of what was agreed, I think that that could happen very quickly. Some regional analysts and Western policymakers are skeptical as to whether the countries — Iran in particular — will stick to the pledges, which has yet to be seen. Still, the Saudi finance minister appeared optimistic.

☆ The China-brokered Saudi-Iran deal has big repercussions for the Middle East — and the U.S.
▼ + stars: | 2023-03-15 | by ( Natasha Turak | ) www.cnbc.com time to read: +8 min

Taking up a specific role that the U.S. could not have fulfilled, this was Beijing's first foray into Middle East mediation, an area that for the past few decades was largely occupied by Washington. "I think China was a good partner to do this. I think they're the right people," he said, noting that China invests heavily in Saudi Arabia and is its top trading partner. Chinese President, Xi Jinping (L) is welcomed by Crown Prince of Saudi Arabia Mohammed bin Salman Al Saud (R) at the Palace of Yamamah in Riyadh, Saudi Arabia on December 8, 2022. And not just economically, as it already exports an immense amount of goods to the Middle East and is the largest importer of Saudi oil – but politically.

☆ Saudi Crown Prince Test Drives Nonaligned Foreign Policy
▼ + stars: | 2023-03-14 | by ( Stephen Kalin | Summer Said | ) www.wsj.com time to read: 1 min

Saudi Arabia’s Crown Prince Mohammed bin Salman whose decision making has been criticized in the past as erratic. RIYADH, Saudi Arabia—Flush with cash from an oil boom, Saudi Crown Prince Mohammed bin Salman is making foreign-policy and business moves that test whether it is possible not to take sides in the rivalries between the U.S. and Russia and China. Last week’s China-brokered agreement to renew diplomatic relations with Saudi Arabia’s rival Iran demonstrated a shrewd pragmatism from the 37-year-old de facto ruler, whose decision making has been criticized in the past as erratic. The deal would cool tensions across the Persian Gulf and bring Saudi Arabia closer to its biggest trading partner, China, without alienating its top security partner in Washington, where officials said they saw the detente as positive.

☆ Honduras president says govt to seek official relations with China
▼ + stars: | 2023-03-14 | by ( ) www.reuters.com time to read: +1 min

TEGUCIGALPA, March 14 (Reuters) - Honduras President Xiomara Castro said on Tuesday she had instructed the country's foreign minister to bring about the opening of official relations with China. Honduras' foreign ministry did not immediately reply to a request for comment on the announcement. China does not allow countries with which it has diplomatic relations to maintain official ties with Taiwan. If Honduras breaks off its relations with Taiwan, it would leave it with formal diplomatic ties with only 13 countries. Taiwan's foreign ministry said it was "in the process of understanding" the situation, without giving further details.

☆ France says Iran breaching international treaty with prisoner detentions
▼ + stars: | 2023-03-14 | by ( ) www.reuters.com time to read: +2 min

PARIS, March 14 (Reuters) - France accused Iran on Tuesday of breaking an international treaty defining consular relations between states and said Tehran had demonstrated publicly that it was holding foreign nationals arbitrarily. Relations between France and Iran have deteriorated in recent months with Tehran detaining seven French nationals in what Paris has said is state hostage taking. Speaking to reporters on Monday, Iran's foreign ministry spokesman said the French government had interfered and taken "destructive" positions regarding events in Iran. "Obviously, these positions and the measures taken by France will not help in the negotiations for the prisoners," Nasser Kanani told reporters. French foreign ministry spokesperson Anne-Claire Legendre said Kanani's remarks were extremely worrying and openly highlighted the "arbitrary character" of the detention of French citizens.

☆ Middle East pivot to Asia is strategic this time
▼ + stars: | 2023-03-14 | by ( Una Galani | ) www.reuters.com time to read: +6 min

Xi Jinping has brokered a deal the United States would have found hard to secure, despite its traditional military influence in the Middle East. The Middle East has trained its financial sights on Asia before. At current rates of growth, emerging Asia will become the top trade partner for the Gulf countries by 2028, per Asia House, surpassing advanced economies. As U.S.-China relations continue to sour, the Asian financial centre is looking to the Middle East to find new foreign companies to trade in the territory. Delegations from the two Middle East countries held talks in Beijing between March 6 and 10, the statement added.

☆ Crude prices rise slightly on China recovery, weaker dollar
▼ + stars: | 2023-03-13 | by ( Andrew Hayley | ) www.reuters.com time to read: +3 min

BEIJING, March 13 (Reuters) - Oil prices ticked up in Monday's Asian trade, reversing a weak start as a recovery in Chinese demand and a weaker dollar provided support to a market rattled by the prospect possible further U.S. interest rate increases. After initially slipping in early trading, Brent crude futures were up 25 cents, or 0.30%, to $83.03 per barrel by 0700 GMT. West Texas Intermediate crude futures (WTI) ticked up by 23 cents, or 0.30%, to $76.91 a barrel. A weaker dollar makes oil cheaper for holders of other currencies, lending support to oil prices. Comments on Sunday from Saudi Aramco CEO Amin Nasser on crude demand from China also provided some support.

☆ Oil prices tick up on China demand and weaker dollar
▼ + stars: | 2023-03-13 | by ( ) www.reuters.com time to read: +3 min

BEIJING, March 13 (Reuters) - Oil prices ticked up in Monday Asian late morning trade, reversing a weak start as a recovery in Chinese demand and a weaker dollar provided support to a market rattled by the prospect possible further U.S. interest rate increases. West Texas Intermediate crude futures (WTI) ticked up by 20 cents, or 0.26%, to $76.88 a barrel. "From an oil trader's perspective, the U.S. dollar should pull back as traders give up on a re-acceleration of Fed hikes; this, in turn, clears a path for more robust Chinese fundamentals to dominate commodity trading," Innes added. A weaker greenback makes oil cheaper for holders of other currencies, lending support to oil prices. Comments on Sunday from Saudi Aramco CEO Amin Nasser on crude demand from China also provided some support.

☆ Oil prices slip as concerns over rate hikes rattle investors
▼ + stars: | 2023-03-13 | by ( ) www.reuters.com time to read: +2 min

BEIJING, March 13 (Reuters) - Oil prices slipped in Monday Asian morning trade as concerns about possible further U.S. interest rate hikes continue to rattle investors, though a recovery in Chinese demand and a weaker dollar provided some support. Market sentiment was fragile as worries about further monetary tightening by the Fed have been exacerbated by high crude oil inventories in the U.S., analysts from ANZ Bank observed in a note on Monday morning. A weaker greenback , which makes oil cheaper for holders of other currencies, helped lend support to oil prices. The dollar index was down 0.2% in Asian morning trade on Monday. Comments on Sunday from Saudi Aramco CEO Amin Nasser on crude demand from China also provided some support.

Search resuls for: "Diplomatic Relations"

25 mentions found