
China, India should work towards ‘win-win' cooperation: Chinese FM
China and India should 'adhere to the direction of good-neighborliness and friendship' and 'find a way for mutual respect and trust, peaceful coexistence, common development and win-win cooperation', Wang said, according to Xinhua. The two foreign ministers met in Beijing on Monday as the two rivals seek to repair ties following a 2020 clash on their border.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Daily Tribune
a day ago
- Daily Tribune
EU unveils blueprint for boosted 2-trillioneuro budget
The EU executive proposed yesterday a long-term budget boosted to two trillion euros ($2.3 trillion) as Europe confronts complex challenges, from overseas competition to Russian aggression at its borders. Presenting the 2028-2034 budget blueprint to reporters in Brussels, EU chief Ursula von der Leyen said it 'will be the most ambitious ever proposed. It is more strategic, more flexible, more transparent'. In drawing up the plans, von der Leyen had to balance bolstering the bloc's security, ramping up Europe's competitiveness to keep up with US and Chinese rivals, countering climate change and paying debts due from 2028. And all of this was against a backdrop of soaring trade tensions with the European Union's biggest commercial partner, the United States. The European Commission announced a 451-billion-euro competitiveness fund to support the EU's investment efforts in clean tech, digital, defence and food security and innovation. As Europe pushes to rearm, the amounts dedicated to defence and space will increase five-fold -- to 131 billion euros. And the spending plan proposed earmarking up to 100 billion euros to support war-torn Ukraine over its seven-year period. 'This is a long-term commitment to Ukraine's recovery and reconstruction,' budget chief Piotr Serafin said. Hungary, Russia's closest ally in Europe, slammed the money for Kyiv. 'Ukraine would get a massive funding boost, while European farmers lose out,' Hungarian Prime Minister Viktor Orban said before the official announcement by the commission. The large farming subsidies that make up the biggest share of the budget, known as the common agricultural policy (CAP), are a subject of fierce debate. Serafin, however, said that under the commission's plans, 300 billion euros would be ring-fenced to support farmers, who have been worried about potential cuts to their slice of the pie. In the current seven-year budget, the CAP accounted for almost a third of funding -- around 387 billion euros, of which 270 billion euros are directly paid to farmers.


Daily Tribune
3 days ago
- Daily Tribune
China, India should work towards ‘win-win' cooperation: Chinese FM
Chinese Foreign Minister Wang Yi said Monday that Beijing and New Delhi should work towards mutual trust and 'win-win' cooperation, after talks with his Indian counterpart Subrahmanyam Jaishankar, state news agency Xinhua reported. China and India should 'adhere to the direction of good-neighborliness and friendship' and 'find a way for mutual respect and trust, peaceful coexistence, common development and win-win cooperation', Wang said, according to Xinhua. The two foreign ministers met in Beijing on Monday as the two rivals seek to repair ties following a 2020 clash on their border.


Daily Tribune
4 days ago
- Daily Tribune
Markets Wobble as Trump Threatens New Tariffs on EU and Mexico
Stock markets in Europe mostly dropped on Monday, while Asia saw mixed results, as investors reacted to fresh trade threats from former US President Donald Trump. Trump announced plans to slap 30% tariffs on goods from the European Union and Mexico, following a series of other recent tariff threats—like 50% on copper and Brazilian goods, 35% on Canadian goods, and up to 200% on pharmaceuticals. While these moves raise concerns about a negative impact on the global economy, investors remain hopeful that trade deals will be reached before the White House's August 1 deadline. Trump said the new tariffs were in response to Mexico's role in illegal drug trade and a trade imbalance with the EU. The announcement disrupted months of ongoing trade talks between the US and EU. Despite the tension, European Commission President Ursula von der Leyen said the EU is still committed to reaching an agreement. In a goodwill gesture, the EU also postponed retaliation over separate US steel and aluminum duties. However, the EU has warned that it could hit back with €100 billion ($117 billion) worth of tariffs on US goods, including cars and planes, if talks break down. French President Emmanuel Macron supported a deal but said the EU should also prepare strong countermeasures just in case. Analysts noted that it's surprising to see Trump targeting Mexico and Canada, especially after he signed a trade deal with them during his first term. Meanwhile, Bitcoin hit a new record of $122,582, and Chinese exports rose more than expected in June, especially to the US, after a recent trade truce between Beijing and Washington. Investors are also watching the Federal Reserve, as Trump criticized its chairman, Jerome Powell, saying, 'I hope he quits.' Reports suggest Trump allies are even looking into Powell's handling of a costly Fed building renovation, possibly building a case to remove him. Experts warn that removing Powell could shake the Fed's independence, push interest rates higher, and cause the US dollar to fall.