There Are Signs of Stronger China Rebound to Boost Oil, IEA Says

A tanker truck travels towards a petrochemical production complex on the outskirts of Shanghai, China, on Tuesday, March 1, 2022. Oil extended its relentless rally before an OPEC+ meeting as the International Energy Agency warned that global energy security is under threat following Russia’s invasion of Ukraine. Photographer: Qilai Shen/Bloomberg

China, US Diplomats Discuss Taiwan During ‘In-Depth’ Talks

The meeting in Bali between President Xi Jinping and President Joe Biden, which took place on the sidelines of the Group of 20 summit, led to a resumption of cooperation on issues including climate change and food security, putting a floor under worsening ties after tensions spiked due to House Speaker Nancy Pelosi’s visit to … Read more

HSBC Sees Loan Availability to Drive Growth for India M&A Deals

A logo at a HSBC Holdings Plc bank branch on King Street that is set for closure in the near future on Thursday, in Hammersmith district of London, UK, on Tuesday, July 26, 2022. HSBC are due to report second-quarter earnings on Aug. 1. Photographer: Hollie Adams/Bloomberg

Oil Rebounds as Key Pipeline Remains Shut and China Eases Curbs

Following the imposition of the price cap and related curbs, a backlog of tankers waiting to haul oil through Turkey’s vital shipping straits built up amid a dispute over insurance cover. That now appears to be clearing, with a port agent tally on Sunday showing 19 tankers waiting to pass through the Bosphorus and Dardanelles … Read more

Zimbabwe Power Firm Secures Funds From India, State Media Says

The works on the 38-year old plant, only designed to run for 30 years, will start next year, it cited Shepherd Mukundi, general manager for Zimbabwe Power Company, as saying. The plant suffers frequent breakdowns due to aging equipment and is currently being expanded to add 600 megawatts of power by next year.

India Enters 5G Era as Debt-Laden Carriers Gird to Spend Billions

To capitalize on 5G, China has been rolling out smartphone apps and industrial projects such as super high-definition live streaming, remote manufacturing, virtual reality and robotic surgery arms. The country’s three state-owned carriers have introduced more than 25,000 such applications, according to a news article posted by the State Council on its website in August. … Read more

This Is What Life’s Like in the World’s Strictest Covid Zero City

Seven times since last March, Ruili—on China’s Myanmar border—has felt the full force of Xi Jinping’s Covid Zero policy.