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Donald Trump, Xi Jinping and Vladimir Putin plan unprecedented joint meeting on APEC sidelines, White House and Kremlin say
Trump has warmly embraced Xi after coming to a truce in their short-lived trade war last year and in spite of differences over the U.S. war with Iran and other tensions between the world's foremost economic powers. Similarly, Trump has sought to build his relationship with Putin, even as the Russian leader has persisted in his nearly 5-year-old war with Ukraine and as Moscow has deepened its military, intelligence and diplomatic partnership with Iran.
A new Yalta? Why a Trump-Xi-Putin meeting has the world on edge
Negotiations are ongoing for a potential meeting of world leaders Trump, Xi, and Putin next week. These leaders have different priorities, leading to uncertainty about the meeting's agenda and outcomes. While Trump hopes to discuss nuclear arms control, Xi is more reticent about this topic. Smaller nations, including Ukraine and Taiwan, express concern over a possible private agreement among the major powers.
With shifting Iran rhetoric following US elections, Trump leaves Mideast in limbo about path ahead
President Donald Trump has made ambiguous statements about the Iran war after the midterm elections. He acknowledged the conflict's impact on Republican losses and stated that military action is unlikely. Trump's comments have raised uncertainty among Middle Eastern diplomats regarding ongoing negotiations led by Qatar. Iran remains unwilling to engage in talks without certain conditions being met. The situation continues to evolve with each unpredictable comment from the president.
5 world market themes for the week ahead
Nvidia's recent leadership change and the upcoming IPO of Anthropic could significantly influence the AI market dynamics. US-China relations are set for discussions as Trump and Xi meet amid various geopolitical concerns. Oil prices remain volatile due to Middle East tensions and supply changes, affecting potential inflation relief. A UK and EU summit aims to advance post-Brexit cooperation on trade and regulations.
Trump, Xi and Putin plan an unprecedented joint meeting on the sidelines of APEC, White House says
The three leaders may meet during the Asia-Pacific Economic Cooperation summit. This unprecedented summit is expected to focus on nuclear arms discussions and regional tensions. While no significant agreements are anticipated, the meeting symbolises their ongoing diplomatic engagements.
Nvidia scandal looms over US-China AI talks
AI bots going rogue and humans using the technology for harm will likely be on the agenda when Donald Trump and Xi Jinping meet next week, with the Nvidia scandal hanging over the talks on AI safety. But the scandal is unlikely to "dominate the agenda" or affect Trump and Xi's personal relationship, predicted Dylan Loh of Singapore's Nanyang Technological University.
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Trump is taking Elon Musk on his Asia trip, but he plans to avoid talking about Nvidia scandal
US President Donald Trump will travel to the Philippines and China with Elon Musk for important diplomatic meetings. In Manila, he intends to sign a trade deal with Thailand and meet with Southeast Asian leaders. Trump's agenda includes discussions about trade measures and export controls related to advanced computer chips. A trilateral meeting with Xi Jinping and Vladimir Putin is also scheduled during this trip.
Trump not expected to raise Alice Huang case with China's Xi, US officials say
Donald Trump is set to meet with Xi Jinping next week during the Asia-Pacific Economic Cooperation forum in China. Recently, Jensen Huang resigned as CEO of Nvidia amid allegations involving Alice Huang and potential national security concerns. The US Justice Department has not concluded any investigation regarding Alice Huang's affiliations with the Chinese government. Trump is not expected to raise the allegations during his meeting with Xi.
China's $3 billion-plus pipeline of Nvidia-powered AI data centres
A Reuters review has identified more than $3 billion worth of Chinese computing projects built around Nvidia's restricted AI processors, highlighting the US chipmaker's continued presence in China's AI infrastructure despite export controls. The findings expose Chinese developers' reliance on US technology and the risks of supply disruptions as Washington tightens restrictions.
China's xFusion clears key review for $1.2 billion IPO on ChiNext
Chinese AI server maker xFusion Digital Technologies has cleared a key Shenzhen Stock Exchange review for its proposed $1.2 billion ChiNext IPO. However, regulators raised questions about margins, growth sustainability, customer concentration and technology capabilities.
Chinese AI satellite maker Adaspace Technology slips in Hong Kong debut after $96 million IPO
Chinese AI satellite maker Adaspace Technology made a weak Hong Kong debut, with shares falling below their IPO price despite raising HK$750 million. While retail investors showed stronger demand, muted institutional interest and broader market weakness weighed on the listing.
Five facts about APEC with Trump, Putin and Xi set to attend
A summit featuring leaders from the US, China, and Russia is scheduled for next week in Shenzhen. This event marks the third time China hosts the APEC Economic Leaders' Meeting since 2001. Many key global issues including trade, energy security, and geopolitical tensions will likely be discussed. Attendances include notable leaders from Australia, Canada, and several Asian nations, while Taiwan will send its envoy.
China stages massive, unannounced military drills around Taiwan in 'silent intimidation'
China executed extensive military drills in the western Pacific and around Taiwan, aiming to exert pressure. These unannounced exercises involved over 100 vessels and included simulated attacks on various targets. Taiwanese officials described the drills as a tactic of silent intimidation before key international meetings. While the number of active vessels has decreased, air force activity near Taiwan remains high.
The Huawei connection: Alleged Chinese spy Alice Huang in Jensen Huang affair saga linked to Nvidia rival
An investigation has linked Alice Huang, the woman suspected of spying for China and reportedly involved in an affair with former Nvidia CEO Jensen Huang, to businesses connected to a Shenzhen data centre serving Huawei. The findings raise national security questions over her business interests and ties to Nvidia's biggest Chinese rival.
South Korea sees little prospect of US-North Korea contact around APEC
South Korea sees little chance of a meeting between US President Donald Trump and North Korean leader Kim Jong Un on the sidelines of the upcoming APEC summit in China, according to a senior presidential official. Seoul also does not expect North Korea to participate in APEC-related events. The assessment comes amid rising tensions along the inter-Korean border and uncertainty over Russian President Vladimir Putin's possible attendance at the summit.
China’s army-linked university was served Nvidia chips despite US sanctions
A Chinese university with close links to the country's military has purchased two of Nvidia's powerful H200 AI chips despite being on the US export blacklist, according to procurement records reviewed by Reuters. The findings raise fresh concerns over gaps in Washington's export restrictions and China's access to advanced American technology through domestic suppliers. Other Chinese universities and research institutions have also reportedly obtained restricted Nvidia chips or rented computing capacity powered by them.
Why China needs to look within
China's trade surplus should start stabilising next year over restrictions and plateauing AI investment. Beijing will have to double down on stimulating domestic consumption to take up the slack from an eventual export slowdown. It has the fiscal firepower to provide consumers income support they need to counteract savings lost in the property market.
US and China should stay clear-eyed on AI cooperation and competition, Scott Bessent says
The United States and China should harbor no illusions about their differences on artificial intelligence as they navigate cooperation to mitigate the technology's risks while competing for AI supremacy, US Treasury Secretary Scott
China's trade surplus surpasses $1 trillion for a 2nd straight year, as exports surge 35%
Exports in October surged 35.2% from a year earlier, the customs agency said. Exports have grown rapidly this year, supported by high-tech goods like semiconductors and autos.
How China gets the Nvidia chips it needs to develop AI
Nvidia's dominance in the global AI chip market has come under scrutiny as US export restrictions fail to fully prevent China from accessing advanced processors. Chinese firms are reportedly obtaining Nvidia chips through smuggling and overseas data centres, while domestic players such as Huawei race to develop competitive alternatives.
Rs 654,000,000,000 blow: How NVIDIA chief Jensen Huang lost billions of dollars in a day?
Jensen Huang net worth: The NVIDIA chief's fortune decreased by over $7 billion after Nvidia's shares dropped significantly on Monday. This fall followed an investigation into Huang's alleged relationship with a Chinese spy. The decline in share price erased around $190 billion from Nvidia's market value, affecting Huang's ranking on billionaires' lists. Huang also issued an apology for his unfaithfulness to his wife, which added to the controversy surrounding him.
China’s high-tech ports push raises global trade ambitions, sparks security concerns
China is expanding its global maritime influence through AI-powered automated ports, smart shipping technologies and digital infrastructure. While these innovations promise greater efficiency, Western governments fear growing dependence on Chinese systems could create security vulnerabilities, geopolitical leverage and risks to critical global supply chains and international trade networks
China’s trade surplus tops $1 trillion for second straight year as exports surge
China's trade surplus reached $1.04 trillion in January-October, crossing $1 trillion for a second consecutive year. October exports rose 35.2% year-on-year, while imports grew 41.6%, narrowing the monthly surplus to $105.3 billion. Strong overseas demand is supporting exports, but weak domestic consumption and rising trade tensions pose risks to the outlook.
China's trade surplus surpasses USD 1 trillion for 2nd straight year, as exports surge 35 per cent
China's trade surplus has surpassed USD 1 trillion for the second consecutive year as exports continue to rise significantly. Imports increased sharply in October, contributing to a narrowing of the monthly surplus. The trade situation presents challenges as domestic demand remains sluggish while foreign competition intensifies. Trade discussions are anticipated between the leaders of the US and China amid ongoing global trade tensions.
China, Hong Kong stocks edge higher as Beijing vows measures to stabilise markets
Chinese and Hong Kong stocks edged higher as Beijing renewed its commitment to stabilising capital markets amid economic concerns. Major mainland indices posted modest gains, while the Hang Seng also advanced. However, weak domestic demand, cooling consumer inflation and global technology-sector volatility continued to challenge investor confidence and market recovery prospects.
Trump says likely to meet Putin, Xi in China
US President Donald Trump is expected to meet with Chinese leader Xi Jinping and Russian President Vladimir Putin. The meetings will occur during the Asia-Pacific summit in Shenzhen, China, on November 18-19. Discussion topics will include denuclearisation and efforts to end the ongoing war in Iran.
China confirms discussions are underway on a historic Xi-Trump-Putin meeting
Beijing has officially indicated it is coordinating a meeting between the leaders of China, the U.S., and Russia. This historic gathering may take place in Shenzhen later this month during a regional summit. Experts suggest the discussions will likely be superficial and primarily focused on optics rather than substantive issues. Both the U.S. and China are dealing with ongoing trade tensions and disagreements over multiple topics.
Chinese President Xi Jinping likely to skip ASEAN Summit in Manila: Report
The Philippines' Department of Foreign Affairs (DFA) shared this information on Wednesday while responding to reports about Xi's expected absence from the annual summit, which the Philippines is hosting this year.
US midterm elections: China says it will continue working with America
China has reacted carefully to the Democratic Party's gains in the recent US midterm elections. The Chinese Foreign Ministry stated that it remains committed to cooperation with the US despite political changes. Chinese President Xi Jinping and US President Donald Trump have met twice this year to enhance strategic stability. Beijing is also discussing a potential trilateral meeting with the US and Russia at the upcoming APEC summit.
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