Tag: Tension

South Korea Lotte Group says it will continue to invest in China despite tensions

SEOUL, South Korea (Reuters) — South Korea’s Lotte Group will continue to invest in its China business despite diplomatic tensions over the deployment of a United States missile defense system, a Lotte’s top executive, Hwang Kag-gyu, said on Monday (April 3), denying rumors it wants to scale back its China operations. Chinese authorities last month closed dozens of Lotte retail stores following inspections, ramping up pressure on South Korea’s fifth-largest family-run conglomerate after it agreed to provide […]

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Trump slaps sanctions on Iran as tension mounts

by Dave Clark Agence France Presse WASHINGTON, United States (AFP) — US President Donald Trump slapped fresh sanctions on Iran’s weapons procurement network Friday, provoking an angry response from Tehran in what is an increasingly tense stand-off. Officials said the new measures were in response to Iran’s recent ballistic missile test and its support for the Huthi rebels in Yemen, who recently targeted a Saudi warship. The new sanctions do not yet mean that the […]

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Indonesian leader visits islands after China clashes

JAKARTA, Indonesia (AFP) — Indonesian President Joko Widodo was Thursday set to visit remote islands close to waters where Chinese and Indonesian vessels have repeatedly clashed, as tensions mount between the nations in the South China Sea. Widodo aims to assert Indonesia’s sovereignty over the Natuna Islands in the northwestern fringe of the archipelago during the trip and is accompanied by a high-level delegation including the foreign minister and armed forces chief, the government said. […]

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Trade disputes loom over Merkel’s China visit

BEIJING, China (AFP) — Tensions over trade and Chinese investment in a German robotics firm dominated Chancellor Angela Merkel’s visit to Beijing Monday, with differences about steel and China’s future market status on display. China has been pressing the European Union to grant it “market economy” status this year, making it harder for the bloc to levy anti-dumping tariffs even as Beijing is accused of selling excess steel cheaply on world markets at the cost […]

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