China’s Pacific tour spurs hopes and fears in tiny island nations | Business and Economy News

At a carefully choreographed press conference in the Solomon Islands capital of Honiara, Chinese Foreign Minister Wang Yi made a promise that will be bookmarked by diplomats and analysts in capitals around the world. Beijing, he said, had “no intention” of building a military base in the Pacific nation. A month after China and the … Read more

China’s Pacific tour sparks hopes, fears in tiny island nations | Business and Economy News

At a carefully choreographed press conference in the Solomon Islands capital of Honiara, Chinese Foreign Minister Wang Yi made a promise that will be bookmarked by diplomats and analysts in capitals around the world. Beijing, he said, had “no intention” of building a military base in the Pacific nation. A month after China and the … Read more

Despite the pain at the pump, Americans are hitting the road Business and Economy News

As petrol prices continue to break records in the United States, putting a significant strain on Americans’ wallets and threatening economic growth, analysts predict that pain at the pump will cause some demand destruction in the coming months of the US summer driving season. Oil climbed to a two-month high on Thursday on signs of … Read more

Despite the pain at the pump, Americans are hitting the road Business and Economy News

As petrol prices continue to break records in the United States, putting a significant strain on Americans’ wallets and threatening economic growth, analysts predict that pain at the pump will cause some demand destruction in the coming months of the US summer driving season. Oil climbed to a two-month high on Thursday on signs of … Read more