Alibaba goes big on Russia with joint venture focused on gaming, shopping and more

Alibaba is doubling down on Russia after the Chinese e-commerce giant launched a joint venture valued at around $2 billion with one of the country’s leading internet companies. Russia is said to have over 70 million internet users, around half of its population, with countless more attracted from Russian-speaking neighboring…

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Study of Portuguese and Spanish explodes as China expands role in Latin America

Thousands more Chinese students are taking up Latin American languages with an eye to improved employability When Zhang Fangming started learning Portuguese, it was with an eye to becoming a top Chinese diplomat in Brazil. For Sun Jianglin, a Portuguese degree was about landing a job, but also a deeper…

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Trump, Juncker Tout Deal Pulling Back From U.S.-EU Trade War

President Donald Trump and European Commission President Jean-Claude Juncker agreed to suspend new tariffs while negotiating over trade, pulling the U.S. and Europe back from the edge of a transatlantic trade war. The leaders pledged to expand European imports of U.S. liquefied natural gas and soybeans and both vowed to…

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The $1.4 Trillion U.S. Surplus That Trumps Not Talking About

The U.S. has a surplus of $20 billion with China and $1.4 trillion with the rest of the world. That’s not a normal trade balance, of course, where the U.S. registered an annual deficit of more than $330 billion with China and about $550 billion 2016, 2017 data not available…

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China Begins to Question Whether Its Ready for a Trade War

Xi Jinping vowed to match fell below forecasts last month and economists warnings about a repeat of the market’s collapse in 2015, the last time China saw such open criticism of economic policymakers. “People are going to look back at this year as the pivot point when Xi Jinping overreached…

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Einstein’s Travel Diaries Have Just Been Published – And The Contents Are Upsetting

Albert Einstein famously called racism a “disease of white people”, but it appears it is a disease he himself wasn’t immune to, at least in his early life. Yes, the depressing truth is that the revered scientist responsible for E=mc2 and the theory of general relativity also expressed xenophobic views. The…

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This Stock’s 9,500% Rally Created a Town of Millionaires

At most big companies, it’s pretty clear who the millionaires are: top executives, rainmakers, science whizzes with PhDs. But at China’s Bloomberg. The previously unreported value of their holdings has ballooned as Sunny Optical’s shares surged more than 9,500 percent since June 2008, trouncing even Netflix Inc.’s 7,500 percent gain.…

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China Tensions Push India Into World’s Top Five Defense Spenders

India has joined the U.S. and China as one of the world’s five biggest military spenders, reflecting geopolitical tensions as well as the country’s reliance on imported weapons and sprawling personnel costs. New Delhi’s defense spending rose by 5.5 percent to $63.9 billion in 2017 and has now passed France,…

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Duterte to Permanently Ban Sending Workers to Kuwait

Philippine leader tells citizens in Kuwait to come home China, Japan welcome Philippine citizens, Duterte says smuggling domestic workers, state-run Kuwait News Agency reported, citing its foreign ministry. Patriotic Appeal Filipino household service workers should come home, and the government plans to immediately bring back about 700 people who are…

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Kim Promises to Shut Main Nuclear Test Site in May and Let Foreign Media Watch

Trump expects to meet N.Korea leader in next 3 to 4 weeks Kim tells S.Korea that North’s test site is still operational Donald Trump expected within the next three to four weeks, Kim told South Korea’s president that two tunnels at the nuclear test site are still in good condition,…

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Two Koreas Agree to End War This Year, Pursue Denuclearization

Kim Jong Un, Moon Jae-in announce deal after historic summit Statement provides no clear path to dismantling Kim’s arsenal historic meeting on their militarized border, the first time a North Korean leader set foot on the southern side. They announced plans to replace the 1953 armistice that ended hostilities with…

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Chinas $1 Billion White Elephant

Sri Lanka’s Hambantota port spurs worries in India, Japan Operator China Merchants is ‘hell bent’ on turning it aound helped ease "the Chinese part of the debt burden." Still the decision remains unpopular with many Sri Lankans. Ironically that’s boosted the political fortunes of Rajapaksa, who lost a 2015 election…

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