
China, Turkey Renew Currency Swap Deal Worth Almost $5 Billion
The deal, which could be extended further, aims to facilitate trade settlements in local currencies and strengthen financial cooperation, Turkey's central bank said in a statement on Friday.
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Microsoft Locks Out Chinese Partners From Cybersecurity Program
This article first appeared on GuruFocus. Microsoft (MSFT, Financials) just hit pause on a partnership that may have gone sideways; several Chinese security firms have been cut off from the company's internal threat-sharing program. Warning! GuruFocus has detected 7 Warning Sign with MSFT. Is MSFT fairly valued? Test your thesis with our free DCF calculator. The change comes after a recent wave of cyberattacks hit Microsoft's widely used SharePoint servers; many believe the attackers got a head start from inside Microsoft's own cybersecurity network. At the heart of this is MAPPthe Microsoft Active Protections Programa platform meant to help trusted partners stay ahead of threats. Microsoft gives members early access to information about vulnerabilities so they can build defenses before bad actors strike. But this time, the bad actors may have gotten there first. Microsoft alerted MAPP members about the SharePoint flaw on June 24, July 3 and July 7; July 7 was also the day Microsoft said it noticed exploitation in the wild. That timing wasn't lost on cybersecurity pros; some now suspect that a partnerpossibly in Chinaused the intel for offense, not defense. In response, Microsoft said several Chinese participants will no longer receive proof of concept code; this type of code is helpful for defenders but can be quickly weaponized by attackers. Microsoft isn't naming names; it's not saying how many companies are affected or how far along its investigation is. But it did say it regularly reviews MAPP members and kicks out anyone who breaks the rulesespecially those who help hackers, directly or indirectly. Beijing has denied any involvement in the SharePoint breaches; Microsoft isn't making any direct accusations eitherbut the message is clear: when trust gets tested, access gets cut.
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Saskatchewan premier to go to China to discuss canola tariffs
OTTAWA (Reuters) -Scott Moe, premier of the western Canadian province of Saskatchewan, said on Thursday that he would travel to China soon for talks on persuading Beijing to drop its new tariffs on canola. China hit Canadian canola seed imports with preliminary 75.8% duties last week following an anti-dumping investigation, escalating a year-long trade dispute. China is by far Canada's biggest canola seed market. Canada exported almost C$5 billion ($3.63 billion) of canola products to China in 2024, about 80% of which was seed, and the steep duties would likely all but end those Chinese imports if they are maintained. "Myself will be in China in the next couple of weeks with potentially another opportunity for engagement before the end of the calendar year," Moe told a televised news conference after a meeting with industry officials and federal Agriculture Minister Heath MacDonald. "(We will) work alongside our federal government to ensure that we are advocating and advancing to ultimately ... find the resolution to this trade challenge." Moe reiterated a call for federal aid for the industry. Prime Minister Mark Carney last week said Ottawa was focusing on a series of supports but did not give specific details.


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New Zealand Hotel Occupancy Faces Mixed Results
STR reported China hotel data for the week ended 8/16. China hotel RevPAR was up 1.3%, the first positive week in a very long time. The week's RevPAR was up against an easy comp of a decline of 9.9% in the year-ago week. ADR for the 2025 week was up 0.5% while occupancy rose 0.7%. CBRE reported hotel occupancy trends varied across the markets in New Zealand, but supply growth continues to drag down Auckland occupancy, while demand growth in Rotorua, Christchurch, and Queenstown saw occupancy rates rise. Wellington has seen demand significantly impacted by government policy. The recovery in annual international visitor arrivals remains slow, constrained by limited flight capacity. Australian visitors showed the strongest growth in the 12 months to June 2025, with CBRE saying it increased 11% year-on-year. In those 12 months, international arrivals increased by 14% compared to the previous year but remain