Global jostling intensified on Thursday between countries that want Venezuelan President Nicolas Maduro in power and those trying to force him to resign, as opposition leader Juan Guaidó made overtures to his rival’s allies Russia and China.
Brazil and China are expected to hold their first high-level political and economic talks since 2015 later this year, Brazil’s agriculture trade secretary said on Thursday, in a move likely to boost farm trade between the two countries.
U.S. President Donald Trump said on Thursday he will meet with Chinese President Xi Jinping soon to try to seal a comprehensive trade deal as Trump and his top trade negotiator both cited substantial progress in two days of high-level talks.
Investment in the UK car sector almost halved last year and output tumbled as Brexit fears put firms on red alert, the industry's trade body said. Inward investment fell 46.5% to £588.6m last year from £1.1bn in 2017, the Society of Motor Manufacturers and Traders (SMMT) says.
Russia and China strongly criticized U.S. sanctions placed on Venezuela, with the former pledging to support the beleaguered President Nicolas Maduro. Russian Foreign Minister Sergei Lavrov said on Tuesday the sanctions completely undermined confidence in an international financial system that is dominated by the U.S., Russian news agency Interfax reported.
Latin American stocks rose on Tuesday, outperforming world stocks that struggled to hold gains ahead of keenly awaited U.S.-Sino trade talks, earnings of top technology companies and an impending U.S. Federal Reserve decision on interest rates.
The United States Justice Department has filed a host of criminal charges against Chinese telecoms giant Huawei and its chief financial officer, Meng Wanzhou. The charges against the world's second largest smart-phone maker include accusations of bank fraud, obstruction of justice and theft of technology.
The Security Council convened by the United States this Saturday to discuss the institutional and political crisis that Venezuela is experiencing has been lifted this afternoon. With a strongly polarized participation, the bloc that supports the transitional government of Juan Guaidó with the US at the head, faced the block that recognizes as legitimate the regime of Nicolás Maduro, headed by Russia and China. Latin American countries also expressed their positions, describing the case as a crisis that directly affects the region.
Russia on Thursday accused the United States of trying to usurp power in Venezuela and warned against a military intervention by confronting Washington and the European Union, which backed protests against one of Moscow's closest allies, Venezuelan partial recognized President Nicolás Maduro.
The United States and China are “miles and miles” from resolving trade issues but there is a fair chance the two countries will get a deal, U.S. Commerce Secretary Wilbur Ross said on Thursday.