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China to work with UAE to produce ‘affordable’ vaccines, says Wang Yi

Abu Dhabi / WAM China wants to work with the UAE to expedite joint production of Covid-19 vaccines to make it available and affordable to all, Beijing’s top diplomat told Emirates News Agency (WAM). The joint efforts can also explore developing multilateral cooperation to fight the pandemic, especially with Middle Eastern and African countries, and establish an international mechanism to ...

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Oil’s most volatile week in months ends with a whimper

Bloomberg Oil in New York barely nudged this week despite whipsawing over several days, as renewed lockdowns in some regions blunted near-term demand outlooks and muted the impact of a standstill at the Suez. West Texas Intermediate futures fall less than 1% to close the week at $60.97, while Brent crude just barely eked out a gain, snapping a streak ...

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China hits back at US, Canada with sanctions

Bloomberg A quarrel over allegations of human-rights abuses in China worsened as Beijing announced retaliatory sanctions on individuals in US and Canada and corporate fallout spread. Tensions have flared over reports of forced labour being used to harvest cotton in China’s western province of Xinjiang, accusations that Beijing routinely dismisses as politically motivated lies. On Saturday, China’s Foreign Ministry announced ...

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