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TOKYO -- Cutthroat competition in China's electric vehicle sector has cast a shadow over the earnings of suppliers like Japanese motor maker Nidec, which is grappling with narrowing margins in the key market.
WASHINGTON (Reuters) -- President Joe Biden signed a hard-fought bill into law on Wednesday that provides billions of dollars of new U.S. aid to Ukraine for its war with Russia, notching a rare bipartisan victory for the president as he seeks reelection and ending months of wrangling with Republicans in Congress.
The lion’s share of this US aid package is for Ukraine, with US$60.84 billion earmarked, including for military aid. There is pressing urgency for more US support, because of the relentless pressure Russian forces are applying on Ukraine. After 26 months, both sides are locked in an arm wrestle, unable to force the other to the table.
SHANGHAI (AP) — U.S. Secretary of State Antony Blinken has begun a critical trip to China armed with a strengthened diplomatic hand following Senate approval of a foreign aid package that will provide billions of dollars in assistance to Ukraine, Israel and Taiwan as well as force TikTok’s China-based parent company to sell the social media platform -– all areas of contention between Washington and Beijing.
MELBOURNE, Australia (AP) — Australia and Papua New Guinea’s prime ministers on Tuesday began trekking into the South Pacific island nation’s mountainous interior to commemorate a pivotal World War II campaign and to underscore their current security alliance, which faces challenges from China’s growing regional influence.
WASHINGTON -- U.S. Secretary of State Antony Blinken is due in China this week, with a principal objective of warning Beijing not to assist Russia's military production. But the trip comes at a time when China is increasingly concerned about the trajectory of the bilateral relationship, as Washington ramps up sanctions and tariffs to shield its domestic industry from Chinese rivals.
KATHMANDU, Nepal (AP) — The emir of Qatar landed in Nepal Tuesday on his first-ever visit to the South Asian country, after visiting Bangladesh and the Philippines, where improving migrant workers’ conditions in the Gulf state and a Nepali student still held hostage by Hamas are expected to be on the agenda.
This is CNBC's live blog tracking developments on the war in Ukraine. See below for the latest updates.