Category: South China Morning Post

US-China trade war: was the phase-one trade deal a ‘historic failure’, and what’s next?

By Andrew Mullen When did the US-China trade war start?During his 2016 presidential campaign, Donald Trump promised to reduce the trade deficit with China.The United States and China are the two largest economies in the world and bilateral trade between them totalled almost US$559 billion in 2019. However, that trade has been lopsided, with the […]

Russian billionaire Roman Abramovich hands over control of Chelsea to football club’s trustees

By Associated Press,Agence France-Presse Chelsea owner Roman Abramovich suddenly handed over the “stewardship and care” of the English Premier League football club to its charitable foundation trustees on Saturday.The move came after a member of the British parliament called for the Russian billionaire to hand over the club in the wake of Russia’s invasion of […]

Ukraine crisis: Russia suspends cooperation with Europe on space launches from French Guiana

By Reuters Russia’s space agency Roskosmos is suspending cooperation with Europe on space launches from the Kourou spaceport in French Guiana in response to Western sanctions over Ukraine, Roskosmos head Dmitry Rogozin said on Saturday.“In response to EU sanctions against our companies, Roskosmos is suspending cooperation with European partners on space launches from Kourou, and […]