A surface-to-air missile shot down a U.S. military drone over the Strait of Hormuz, a U.S. official said Thursday.World Politicsread more
President Donald Trump has publicly blamed the Federal Reserve's interest rates hikes for holding back U.S. economic growth.The Fedread more
China's President Xi Jinping arrived in Pyongyang on Thursday morning for a state visit to North Korea — the first by a Chinese state leader in 14 years. Experts say the move...Asia Politicsread more
Gold prices spiked in the afternoon of Asian trading hours on Thursday after a dovish U.S Federal Reserve opened the door to further rate cuts, and the 10-year Treasury yield...Metalsread more
The Fed came very close to promising a rate cut Wednesday, and now markets are focused on a possible July rate cut.Market Insiderread more
Waymo has signed a deal with Renault and Nissan to develop self-driving cars and trucks for use in France, Japan and possibly other countries in Asia, including China, the...Autosread more
It's crucial to note that the culprit behind attacks on two commercial tankers last week has not been conclusively proven.World Politicsread more
"No U.S. drone was operating in Iranian airspace today," a U.S. Central Command spokesman said, according to NBC News.World Politicsread more
The Fed left interest rates unchanged at its monetary policy meeting. The U.S. central bank did, however, drop the word "patient " from its statement and said it would "act as...Asia Marketsread more
As the presidents of U.S. and China near a highly anticipated meeting on trade, the gap in both sides' expectations regarding a deal remains wide.World Politicsread more
Markets had expected the central bank to keep its benchmark interest rate steady while setting up a cut at the July meeting.The Fedread more
The vote was witnessed by journalists inside central Beijing's Great Hall of the People.
The legislature is packed with delegates loyal to the ruling Communist Party meaning Xi's re-election was never in doubt. On Sunday parliament voted to amend the constitution to remove
presidential term limits, meaning Xi can stay indefinitely.
Former top graft-buster Wang Qishan, a key ally of President Xi Jinping, was also chosen as vice president on Saturday, a widely-expected move that nonetheless breaks with convention and
underlines Xi's dominant authority.
Wang bowed twice and then walked over to Xi to shake his hand after the vote was announced inside Beijing's Great Hall of the People. Only one person voted against Wang out of the 2,970 votes cast.
Known as "the firefighter" for his central role in tackling issues like corruption and domestic financial problems over the years, Wang also has experience dealing with the United States in his former role as a vice premier who led annual economic talks with Washington.
He was a major player in Xi's battle against corruption, with dozens of senior officials jailed during his tenure as the top graft-fighter, including the fearsome domestic security chief Zhou Yongkang, now serving life in jail.
Wang's appointment has the potential to reshape what has traditionally been a ceremonial role.
China's relationship with the United States is likely to be a key part of his remit, according to diplomats and sources with ties to the leadership.