The US is considering imposing sanctions on Chinese financial institutions, which are believed to be supporting Russia amid its invasion of Ukraine, in a bid to suppress lifelines for Russian military production, reported Nikkei Asia.
Meanwhile, US President Biden has promised new measures to shield steel mills, automakers and other American companies against what he calls trade "cheating" by Beijing, according to the New York Times. The measures are expected to be announced early next week and will include tarrifs on Chi
The 7th "Choose France Summit" beginning 13th May will be inaugurated by French President Emmanuel Macron. French officials expect this year's summit to attract major investment in new-age sectors like AI, Green Hydrogen, and innovations.
At a press conference, the two leaders called for "a truce" in Ukraine and other global conflicts during the Paris Olympic Games. Xi and Macron also discussed China's ongoing support for Russia's leader Vladimir Putin.
Following Russia's invasion of Ukraine in 2022, Putin has hinted at the potential use of tactical nuclear weapons against Western nations. However, Monday marked the first public announcement of such drills by Russia.
Chinese President Xi Jinping is on his first journey to Europe in half a decade, with the visit expected to revolve around Russia's conflict in Ukraine and economic tensions between Beijing and Brussels.
Chinese President Xi Jinping has kicked off his six-day trip to Europe amid rising tensions over trade with the European Union and concerns over Beijing's support for Russia, as reported by Voice of America (VOA).
The call also reviewed the outcomes of the International Humanitarian Conference for Sudan, which was hosted in Paris this week with the aim of intensifying international and regional efforts to achieve a peaceful solution to the conflict in Sudan.
The inauguration ceremony, which was held on Wednesday, was attended by the CEO of T-Hub Hyderabad, Consul General of France in Bangalore, Thierry Berthelot, and Telengana Minister for Information and Technology, D Sridhar Babu, an official release said.
German Chancellor Olaf Scholz said that the European Union countries have intended to use proceeds from Russian assets frozen in Europe to fund arms purchases for Kyiv, reported TASS.