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Chinese villagers struggle to heat homes as gas subsidies fade

Villagers in northern China’s Hebei province are facing harsh winters as gas subsidies for clean heating disappear, leaving many unable to afford adequate warmth. Nearly a decade after Beijing began phasing out coal stoves to reduce winter smog, households now struggle with high costs for natural gas and electricity. In 2017, the Chinese......

Silver surges past $79 amid China's export curbs

Silver prices climbed above $79 per ounce on Friday, recovering from a sharp midweek pullback as traders grapple with tightening global supply pressures from new Chinese export restrictions that took effect on January 1. The white metal traded around $79.79 per ounce as of January 10, 2026, reflecting a staggering more than 150% gain over......

EU backs Denmark as Trump escalates Greenland takeover threats

European leaders rallied firmly behind Denmark's sovereignty over Greenland this week after US President Donald Trump ramped up threats to seize the Arctic territory, stating the United States would "do something about Greenland, whether they like it or not." European Council President Antonio Costa declared on January 7 that......

Venezuela rejects Trump's claims to control its oil production

Interim Venezuelan President Delcy Rodríguez sharply dismissed President Donald Trump's assertion that Washington would oversee the country's oil output and revenues, accusing the United States of pursuing "energy greed" amid American forces' seizure of a tanker in the Caribbean. Addressing Venezuela's National......

Venezuela's $10 billion debt to China hinders Trump's oil plans

President Donald Trump's pledge to seize control of Venezuela's oil reserves faces a significant roadblock: China's substantial financial and energy stakes in the South American nation. These interests create a diplomatic minefield as Trump navigates delicate trade relations with Beijing ahead of a planned April visit. China holds......

Volkswagen overtakes Tesla in global EV sales outside China

Volkswagen Group has surpassed Tesla to claim the top spot in worldwide electric vehicle sales excluding China through November 2025, signaling a notable shift in the competitive landscape as the U.S. electric car pioneer grapples with its second straight year of declining deliveries. Data released on January 9 by market research firm SNE......

Asian fuel oil prices surge as Venezuelan crude shifts to US

Fuel oil prices in Asia have spiked to their highest levels in eight months, driven by traders' expectations of a major redirection of Venezuelan heavy crude toward American refineries. The premium on high-sulfur fuel oil (HSFO) 380-cst for the nearest month surged above $27 per barrel on January 9, more than doubling since the start of......

“Welcome Chinese”: Morocco strengthens its appeal to Chinese tourists

Morocco is intensifying its efforts to attract Chinese tourists by adopting the “Welcome Chinese” certification, an international label designed to align local services with the expectations of travelers from China. This strategic initiative aims to enhance Morocco’s position as a top destination for Chinese visitors, one......

Russia confirms US release of two crew from seized tanker

U.S. forces seized the Russian-flagged oil tanker Marinera in the North Atlantic on January 7, detaining 28 crew members including three Indian nationals after weeks of pursuit that heightened tensions with Moscow. The operation involved Navy SEALs delivered by the U.S. Army's 160th Special Operations Aviation Regiment boarding the vessel,......

China’s consumer inflation reaches near three-year high

China’s consumer inflation accelerated in December, reaching its highest level in nearly three years, while the decline in factory-gate prices continued to ease, according to official data released on Friday. The consumer price index (CPI), a key measure of inflation, rose by 0.8 percent year-on-year in December, up from 0.7 percent......

China accuses Japan of secretly pursuing nuclear weapons

China has sharply escalated its diplomatic clash with Japan, releasing a detailed report that charges Tokyo with covert nuclear weapons research and ambitions that undermine the post-World War II global order. The 29-page document, issued by the Chinese Association for Arms Control and Disarmament alongside the Chinese Institute of Nuclear......

Zootopia 2 tops Disney animation box office records

Disney's Zootopia 2 has surpassed Frozen II to become the highest-grossing Walt Disney Animation Studios film ever, reaching $1.59 billion worldwide after six weeks in theaters. The animated sequel earned $19 million over its first 2026 weekend, showing impressive longevity with just a 4% to 4.5% drop from the prior frame despite fewer......

Emerging markets slide amid Trump's tariff threats

Investors pulled back from emerging markets on Thursday, driving down stocks and currencies amid rising geopolitical tensions and fears of steep U.S. tariffs. The MSCI emerging markets index dropped between 0.7% and 0.8%, its sharpest decline since mid-December, as currencies in Thailand, South Korea, and South Africa led losses among developing......

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