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Amid the diplomacy and a series of summits hosted by Chinese President Xi Jinping last week, Beijing and Moscow appeared to make a major breakthrough by unveiling an agreement to build the long-anticipated “Power of Siberia-2” gas pipeline.   On September 2, Alexei Miller, CEO of Russian energy giant Gazprom, announced the signing of a legally binding memorandum of understanding, grabbing headlines and signaling that ties between Beijing and Moscow are deepening despite Western pressure.   But energy experts speaking to RFE/RL expressed doubts about the project’s future, pointing out that key details—such as the price of gas, export volumes,…

In a notable display of reconnaissance capabilities, a Chinese satellite has observed an American satellite that was itself monitoring China’s space station and high-value satellite, a move analysts described as a strategic tit-for-tat in an increasingly contested space domain.China’s Jilin-1 satellite constellation, operated by Chang Guang Satellite Technology, seized a favourable orbital window on September 8 to capture four images of the WorldView Legion satellite from distances ranging between 40 and 50km (31 miles).Published last Saturday on the company’s official social media account, the pictures marked the first time Chang Guang had made public such dynamic space-based imagery.The incident follows…

A senior Chinese diplomat implicated the United States on Monday for holding back developing countries and called on Washington to stop tearing down global institutions.The comments in New York by Fu Cong, Beijing’s ambassador to the United Nations, did not mention the US by name. But his remarks appeared clearly directed at the administration of US President Donald Trump, with its focus on eroding institutions worldwide and breaking norms.“Unilateralism, driven by some countries, is wearing its ugly hat and yielding severe blows to the authority and effectiveness of multilateralism,” Fu said at a forum sponsored by Beijing at the UN.…

Amid the diplomacy and a series of summits hosted by Chinese President Xi Jinping last week, Beijing and Moscow appeared to make a major breakthrough by unveiling an agreement to build the long-anticipated “Power of Siberia-2” gas pipeline.   On September 2, Alexei Miller, CEO of Russian energy giant Gazprom, announced the signing of a legally binding memorandum of understanding, grabbing headlines and signaling that ties between Beijing and Moscow are deepening despite Western pressure.   But energy experts speaking to RFE/RL expressed doubts about the project’s future, pointing out that key details—such as the price of gas, export volumes,…

JPMorgan Chase will cut the weight of the largest bond issuers in its flagship emerging-market index, diverting investor flows from the likes of China and India towards smaller nations.The Wall Street bank will gradually lower the issuer cap on its GBI-EM Global Diversified index in the first half of 2026, according to a client notice seen by Bloomberg.The limit will fall to 9 per cent from 10 per cent currently, with the implementation to be phased over a period of several months, the documents dated Friday said.The weighting reduction will affect some of the largest bond sellers in emerging markets,…

The AI data center theme is alive and well, putting the wind at the back of Club names Eaton and GE Vernova . The strength of the data center was one of Jim Cramer’s takeaways from a recent trip to Kentucky to visit a Corning factory alongside the glassmaker CEO’s and Apple boss Tim Cook. Our conviction is further supported by Oracle’s blockbuster earnings report last week, on top of positive commentary from Eaton and GE Vernova executives at the Morgan Stanley Laguna conference. Put simply, the gargantuan wave of capital that’s been fueling the construction of data centers to…

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Markets : Stocks are up to start the week, with both the S & P 500 and Nasdaq hitting new all-time highs. A positive update on a potential trade deal between the U.S. and China is improving market sentiment, with the two sides reportedly agreeing on a framework that would keep the social media platform TikTok operating in the United States. However, talks could be complicated by China’s crackdown on the…

Apple investors just got another reason to be bullish on the stock. Early indications point to promising demand for the new iPhone 17 and 17 Pro models, as well as the newly introduced Air, which sits right in the middle on price and specs. The news Analysts at JPMorgan and Bank of America said that lead times for the latest iPhones are tracking better than around the same time last year when the iPhone 16 models were unveiled and pre-orders opened. Jefferies’ early checks were a bit of an outlier. Lead times track how long it takes from when a…

KYIV: Ukraine will restrict imports of diesel fuel originating in India, which purchases a significant portion of its crude oil from Russia, starting October 1, Ukrainian energy consultancy Enkorr said on Monday. Another consultancy, A-95, said earlier this month that the loss of a key Ukrainian oil refinery this summer had forced traders to compensate with imports, purchasing diesel fuel from India. Even the Ukrainian defence ministry has bought some Indian fuel as it met post-Soviet standards. Russia has been attacking Ukrainian oil refineries and fuel storage facilities with drones and missiles. India’s Russian oil imports set to rise in…

KARACHI: The State Bank of Pakistan (SBP) has revised down its projection for economic activities by almost one percentage point in the wake of ongoing floods, reassessing the country’s gross domestic product (GDP) growth to be around 3.25% in current fiscal year 2025-26 (FY26). Earlier in July, the central bank had estimated the growth to be in the range of 3.25%-4.25% for FY26. “[The] real GDP growth for FY26 is assessed to remain close to the lower end of the earlier projected range of 3.25% to 4.25%,” the central bank said in its latest monetary policy statement (MPS) released on…