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Hungary investigates deal with China's BYD carmaker after ex-foreign minister takes job there

Hungary investigates deal with China's BYD carmaker after ex-foreign minister takes job there

Hungary's government is investigating a major foreign investment by Chinese automaker BYD

ASEAN's top diplomats meet in shadow of US-Iran conflict

ASEAN's top diplomats meet in shadow of US-Iran conflict

By Karen Lema MANILA, July 21 (Reuters) - Tensions between the U.S. and Iran are likely to cast a shadow over a diplomatic gathering in Southeast Asia this week, injecting additional uncertainty into a region grappling with maritime tensions with China and a faltering regional effort to end

Southeast Asia's top diplomats hold security talks in Manila as Iran war rages

Southeast Asia's top diplomats hold security talks in Manila as Iran war rages

Southeast Asia’s top diplomats have opened three days of talks in the Philippine capital with an agenda topped by their most daunting security problems

Analysis-Investors see pollution plan silver lining in EU carbon overhaul

Analysis-Investors see pollution plan silver lining in EU carbon overhaul

By Simon Jessop and Kate Abnett LONDON, July 21 (Reuters) - A European Union plan to tie free pollution permits to investments in decarbonisation could enhance corporate accountability, investors said, despite concerns that a broader overhaul of the Emissions Trading System (ETS) may weaken

Rosatom's Financial Struggles Impact Central Asia's Nuclear Energy Plans

Rosatom's Financial Struggles Impact Central Asia's Nuclear Energy Plans

Rosatom, Russia's nuclear entity, is facing financial difficulties, leading to cuts in its investment program and operating costs. This situation affects its agreements to build nuclear plants in Kazakhstan and Uzbekistan, raising doubts about project timelines and completion. Rosatom's challenges are linked to Russia's financial strain due to the ongoing campaign in Ukraine and international sanctions. Kazakhstan and Uzbekistan are exploring alternatives, including partnerships with Chinese companies and the United States for developing small modular nuclear plants.

Russian President Putin meets with North Korean foreign minister in latest high-level diplomacy

Russian President Putin meets with North Korean foreign minister in latest high-level diplomacy

Russian President Vladimir Putin met with North Korea’s foreign minister and thanked Pyongyang for supporting his war against Ukraine, in the latest high-level diplomacy meeting between the countries, Russian state media reports

U.S. Secures Critical Mineral Supplies Amid Global Competition

U.S. Secures Critical Mineral Supplies Amid Global Competition

U.S. Secures Critical Mineral Supplies Amid Global Competition

U.S. Senate Proposes 100% Tariffs on Nations Buying Russian Oil to Curb War Funding

U.S. Senate Proposes 100% Tariffs on Nations Buying Russian Oil to Curb War Funding

A new bill introduced in the U.S. Senate seeks to impose 100% tariffs on five countries, including India and China, for purchasing Russian oil. The legislation, supported by over 60 lawmakers, aims to cut off revenue streams to Russian President Vladimir Putin, which are used to finance the war against Ukraine. The bill, named the Lindsey O. Graham Sanctioning Russia Act of 2026, was introduced by Democrat Senator Richard Blumenthal and the late Republican Senator Lindsey Graham. It targets the top five purchasers of Russian crude oil or natural gas and those facilitating sanctions evasion. European nations are exempt if their imports account for less than 15% of Russia's total natural gas exports and if they are actively reducing these imports. The bill also calls for a reassessment of the top purchasers every 180 days to adjust tariff rates.

Philippines condemns Chinese coast guard for injuring Filipino sailor in disputed shoal

Philippines condemns Chinese coast guard for injuring Filipino sailor in disputed shoal

The Philippine military says Chinese coast guard personnel aboard a motorboat repeatedly struck a Filipino sailor on the head with a wooden baton in a disputed shoal in the South China Sea, injuring him and damaging his smaller vessel

Philippines accuses Chinese coast guard of injuring Filipino sailor in disputed shoal

Philippines accuses Chinese coast guard of injuring Filipino sailor in disputed shoal

Chinese and Philippines authorities are blaming each other for a row on Monday between Chinese coast guard personnel and Philippine sailors in a disputed shoal in the South China Sea

Iran war, Myanmar crisis and South China Sea rifts under the spotlight in ASEAN ministerial talks

Iran war, Myanmar crisis and South China Sea rifts under the spotlight in ASEAN ministerial talks

Southeast Asia’s top diplomats will express alarm over renewed hostilities in the Middle East when they gather in the Philippine capital for annual talks

Germany and France Strengthen Defense Ties Amid Economic Pressure from China

Germany and France Strengthen Defense Ties Amid Economic Pressure from China

Germany and France have announced plans to deepen their defense cooperation in response to economic pressures from China. German Chancellor Friedrich Merz and French President Emmanuel Macron met in Bruehl, Germany, to discuss strategies to counteract China's economic influence, which they claim is exerting pressure on Europe through overcapacity and an undervalued currency. The leaders aim to safeguard European security and defense by enhancing missile defense and long-range strike systems. They also addressed the need for fair trade practices, criticizing China's level of state support to its industries. The meeting follows the collapse of a joint fighter jet project earlier this year, but both countries are committed to continuing cooperation on other defense projects, including nuclear deterrence and the Future Combat Air System (FCAS).