FedEx reported better-than-expected quarterly earnings and revenue Tuesday as the company announced it had achieved its $4 billion cost-cutting goal and will aim to trim another $1 billion in its upcoming fiscal year. The company achieved its “structural cost reduction target, in the face of ongoing headwinds,” CEO Raj Subramaniam said in a media release….
U.S. President Donald Trump said on Wednesday that China can continue to purchase Iranian oil after Israel and Iran agreed to a ceasefire, a move that the White House clarified did not indicate a relaxation of U.S. sanctions. “China can now continue to purchase Oil from Iran. Hopefully, they will be purchasing plenty from the…
Chinese Premier Li Qiang spoke at the World Economic Forum’s annual “Summer Davos” event in 2024, which was held in Dalian, China. Bloomberg | Bloomberg | Getty Images TIANJIN, China — Chinese Premier Li Qiang on Wednesday called on other countries to collaborate on trade, despite rising tariffs and other barriers. “Globalization will not be…
A bank employee count China’s renminbi (RMB) or yuan notes next to U.S. dollar notes at a Kasikornbank in Bangkok, Thailand, January 26, 2023. Athit Perawongmetha | Reuters China is devising more ways for foreign institutions to use the yuan, as international confidence in the U.S. dollar falters. The moves aim at challenging the greenback,…
Oil prices fell sharply Tuesday after President Donald Trump said China can keep buying oil from Iran, a sign that the U.S. is easing its maximum pressure campaign on the Islamic Republic in the wake of a ceasefire with Israel. Global benchmark Brent fell $3.33, or 4.66%, to $68.15 per barrel by 10:18 a.m. ET….
Pakistan’s rice exports to China witnessed a remarkable 121% year-on-year increase in the first five months of 2025, signalling deeper trade ties and stronger agricultural cooperation under China-Pakistan Economic Corridor (CPEC), said Ghulam Qadir, Trade and Investment Counsellor at the Pakistani Embassy in China. Ghulam Qadir told China Economic Net that, as per data from…
A cargo ship cruises toward the Strait of Hormuz off the shores of Khasab in Oman on Jan. 15, 2011. Marwan Naamani | Afp | Getty Images BEIJING — The recent flare-up in Middle East tensions isn’t denting Chinese business optimism about opportunities in the region. Chinese shipments to Dubai’s logistics hub have risen by…
They say, “不积跬步，无以至千里” a journey of a thousand miles begins with a single step. That morning, as our bus made its way through the quiet roads of Tianjin, rain began to fall softly not heavy, but enough to cast a dreamlike haze over everything. We were about to take a step not just into a…
A missile is intercepted over Tel Aviv on June 20, 2025, after a Iran fired a fresh salvo of missiles. John Wessels | Afp | Getty Images Iran and Israel exchanged fresh attacks early on Saturday, a day after Tehran said it would not negotiate over its nuclear programme while under threat and Europe tried…
Bulldozer scoop soil containing various rare earth to be loaded on to a ship at a port in Lianyungang, east China’s Jiangsu province on September 5, 2010, for export to Japan. Str | Afp | Getty Images Japan has been quietly blazing a trail for supply chain resilience. Long before China in early April imposed…
