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Putin cites chance of peace deal, Ukraine sees 'new dynamic'

Putin cites chance of peace deal, Ukraine sees 'new dynamic'

By Vladimir Soldatkin VLADIVOSTOK, Russia, Sept 3 (Reuters) - Russian President Vladimir Putin said on Thursday there was a chance of reaching an agreement to end the war in Ukraine, while Kyiv said it expected a "new dynamic" in peace efforts.
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China Dissents as G20 Finance Ministers Agree to Address 'Cheap Exports'

China Dissents as G20 Finance Ministers Agree to Address 'Cheap Exports'

Treasury Secretary Scott Bessent announced that 19 of the G20 member countries have agreed to address the issue of 'cheap exports' that contribute to global economic imbalances. This consensus was reached during a two-day meeting of G20 finance ministers in Asheville, N.C., though China dissented from the agreement. Bessent emphasized the significance of 19 nations acknowledging the problem, highlighting its 'enormity.' He noted that China is a primary source of these exports, which the Trump administration and many economists blame for trade imbalances, including China's large trade surplus and the U.S.'s substantial deficit. Bessent also previewed an upcoming meeting between President Trump and China's President Xi Jinping, where AI policy will be a discussion point. He reiterated his past warnings to other nations about the potential for Chinese goods to flood their markets due to U.S. tariffs, a prediction he believes has materialized.
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Why is Taiwan hiding the backers of its $20B US pledge?

Why is Taiwan hiding the backers of its $20B US pledge?

A government estimate reveals fresh investment plans from unnamed Taiwanese firms, stacked on top of TSMC's already massive US commitment.
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Exclusive-Citi eyes China brokerage unit licence as soon as this month, sources say

Exclusive-Citi eyes China brokerage unit licence as soon as this month, sources say

By Selena Li HONG KONG, Sept 4 (Reuters) - Citigroup expects to get regulatory approval for its wholly-owned China brokerage business as soon as this month and plans to add several dozen staff at the unit over the next few months, said two people with knowledge of the matter.
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Yen headed for strongest week in a month, dollar flat ahead of payroll data

Yen headed for strongest week in a month, dollar flat ahead of payroll data

By Jiaxing Li and Ankur Banerjee HONG KONG, Sept 4 (Reuters) - The Japanese yen clung to its gains against the U.S. dollar on Friday and was on track for its strongest week in more than a month, as traders ramped up bets on a Bank of Japan interest rate hike and broader currency markets awaited U.S.
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Yen jumps, oil pumps

Yen jumps, oil pumps

By Jamie McGeever ORLANDO, Florida, Sept 2 (Reuters) - The Japanese yen leaped against the dollar on Wednesday, its biggest rise since joint U.S.-Japanese intervention a month ago, while U.S.
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US, China arm for space warfare: hunter satellites and orbital weapons

US, China arm for space warfare: hunter satellites and orbital weapons

By Cassell Bryan-Low, Joey Roulette and Eduardo Baptista Sept 2 (Reuters) - In June, a secretive unmanned Chinese spaceplane closely monitored by U.S. military analysts released a small satellite hundreds of miles above Earth in an orbital region crowded with commercial and military satellites.
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G20 finance chiefs except China back action on distorted trade

G20 finance chiefs except China back action on distorted trade

By Philip Blenkinsop and David Lawder ASHEVILLE, North Carolina, Sept 1 (Reuters) - The Trump administration won backing from all G20 financial leaders except China's on Tuesday to act against "non-market" policies and distortions that cause over-reliance on exports and hinder growth elsewhere.
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Exclusive-Chinese shipper COSCO collects intel for Beijing with concealed equipment, US officials say

Exclusive-Chinese shipper COSCO collects intel for Beijing with concealed equipment, US officials say

By Michael Martina WASHINGTON, Sept 1 (Reuters) - China's state-owned shipping giant COSCO uses concealed equipment on board its ships to spy on military communications near the coastlines of target nations including the U.S., two senior Trump administration officials said. 
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Blockade succeeds where sanctions failed as Iran oil exports stall

Blockade succeeds where sanctions failed as Iran oil exports stall

By Ahmad Ghaddar, Enes Tunagur and Robert Harvey LONDON, Sept 1 (Reuters) - For the first time on record, Iran has gone about seven weeks without shipping meaningful crude exports through the Strait of Hormuz, as a U.S. naval blockade succeeds where years of sanctions failed by cutting off one of
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China Accelerates Humanoid Robotics Development Through $5.6 Billion in Global Acquisitions

China Accelerates Humanoid Robotics Development Through $5.6 Billion in Global Acquisitions

Since 2016, Chinese firms have invested $5.6 billion in acquiring at least 13 major robotics companies worldwide, significantly advancing their capabilities in humanoid robotics. This aggressive acquisition strategy, highlighted by Midea's 2016 purchase of Germany's Kuka for 4.5 billion euros, has enabled China to bring core technologies in-house and rapidly improve its manufacturing base. The U.S.-China Economic and Security Review Commission noted that the Kuka acquisition specifically accelerated China's Made in China 2025 initiative, underscoring how mergers and acquisitions can quickly close technology gaps. In contrast, South Korea entered the robotics technology race later, with Hyundai Motor's 2021 acquisition of a stake in Boston Dynamics, and its total deals amounted to $1.6 billion.
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China-Taiwan tensions weigh on Pacific leaders meeting

China-Taiwan tensions weigh on Pacific leaders meeting

By Lucy Craymer and Lewis Jackson WELLINGTON/BEIJING, Sept 1 (Reuters) - China on Tuesday objected to Taiwan's presence at the Pacific Islands Forum saying the democratically ruled island was not qualified to attend the summit, but Australia and New Zealand said the Pacific bloc would decide the