Japan goes hunting for rare earths, while China tightens supplies

Japan goes hunting for rare earths, while China tightens supplies

By Yuka Obayashi SHIZUOKA, Japan, Jan 12 (Reuters) – A Japanese mining ship set sail for a remote coral atoll on Monday to probe mud rich in rare earths, part of Tokyo’s efforts to reduce its reliance on China for essential minerals as Beijing tightens supply. The month-long mission of the Chikyu test vessel near … Read more

With Venezuela raid, US tells China to stay away from the Americas

With Venezuela raid, US tells China to stay away from the Americas

By Michael Martina, Trevor Hunnicutt and David Brunnstrom WASHINGTON, Jan 11 (Reuters) – Among the many goals of the U.S. military operation last week that captured Venezuelan President Nicolas Maduro was to send a message to China: stay away from America. For at least two decades, Beijing has sought to expand its influence in Latin … Read more

More diplomatic and economic tensions are emerging between China and Japan as a tumultuous week comes to a close

More diplomatic and economic tensions are emerging between China and Japan as a tumultuous week comes to a close

BEIJING (AP) — A week in which long-standing tensions between neighbors China and Japan escalated economically and politically ended Friday with no signs of improvement, as the Chinese ambassador to Tokyo rebuffed his host country and the Japanese reported delays in deliveries to Chinese suppliers because of the conflict. The two events capped a week … Read more

GM’s EV withdrawal cost the company $6 billion

GM’s EV withdrawal cost the company  billion

GM Factory Zero Assembly Line – General Motors Good morning! It’s Friday, January 9, 2025, and this is The Morning Shift, the daily roundup of top headlines from around the world in one place. Here you’ll find the top stories shaping the way Americans drive and get around. In this morning’s edition, GM just lost … Read more

Analysis: Venezuela-style strike on Taiwan’s leader could prove difficult for China

Analysis: Venezuela-style strike on Taiwan’s leader could prove difficult for China

By Greg Torode and Yimou Lee HONG KONG/TAIPEI, Jan 9 (Reuters) – Some Chinese online users are calling for a Venezuela-style ouster of Taiwan’s leaders in a prelude to taking over the island, but analysts, researchers and security officials say China’s modernizing military is still far from ready. In Taiwan, they say, China’s military has … Read more

‘China listens to everything I say:’ Elon Musk finally admits China is winning the EV race he helped start and thought BYD was a joke

‘China listens to everything I say:’ Elon Musk finally admits China is winning the EV race he helped start and thought BYD was a joke

Image credit: Daniel Oberhaus, CC BY-SA 4.0, via Wikimedia Commons When the richest person in the world talks about a global superpower in energy terms, we listen. On a recent episode of the Moonshots podcast, Tesla and SpaceX boss Elon Musk dropped a line that instantly lit up business and tech circles. He joked that … Read more

What to do with Beijing’s debt and oil stakes

What to do with Beijing’s debt and oil stakes

WASHINGTON (AP) — When it comes to claiming that Venezuelan oil is now under his control, President Donald Trump doesn’t mince words. But no small part of that oil belongs to China under contracts it struck with Caracas years ago, setting the stage for a delicate diplomatic dance over the next few weeks. Some experts … Read more

Japan condemns China’s dual-use export ban as rare earth curbs loom

Japan condemns China’s dual-use export ban as rare earth curbs loom

By Satoshi Sugiyama and Kantaro Komiya TOKYO, Jan 7 (Reuters) – Japan on Wednesday called China’s ban on dual-use exports for its military “absolutely unacceptable”, amid a looming threat of wider restrictions on vital rare earths in a growing dispute between Asia’s top two economies. Dual-use items are goods, software, or technology that have both … Read more

US-Venezuela oil deal angers China, pushes prices down

US-Venezuela oil deal angers China, pushes prices down

My Marina Wide HOUSTON/BEIJING, Jan 7 (Reuters) – Global oil prices fell on Wednesday as China denounced the U.S. as an aggressor after President Donald Trump’s administration said it had persuaded Venezuela to divert supplies from Beijing and import up to $2 billion worth of crude. The deal was in line with Trump’s stated goal … Read more

US attack on Venezuela to encourage China’s territorial claims, Taiwan attack unlikely, analysts say

US attack on Venezuela to encourage China’s territorial claims, Taiwan attack unlikely, analysts say

By Brenda Goh and Laurie Chen SHANGHAI/BEIJING, Jan 4 (Reuters) – A U.S. attack on Venezuela will encourage China to strengthen its territorial claims over areas such as Taiwan and parts of the South China Sea, but will not hasten any potential invasion of Taiwan, analysts said. Chinese President Xi Jinping’s views on Taiwan and … Read more