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Oil up on Iran sanctions

Crude oil prices rose more than 1.0 per cent on Friday as US sanctions against Iran looked set to tighten supply, but futures contracts posted a weekly decline as investors worried that global trade disputes could slow economic growth and hurt demand for energy. Benchmark Brent crude oil settled 74 …

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China tests hypersonic aircraft that can carry nukes, evade missile defense systems, officials say

As trade tensions between the U.S. and China continue to escalate, Chinese officials announced Friday the country tested its first hypersonic flight vehicle capable of carrying nuclear weapons — and allegedly able to penetrate any missile defense system. The China Academy of Aerospace Aerodynamics, run by state-owned space contractor China …

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More and more Chinese make UAE their home

As the UAE continues to strengthen its relations with China, more and more Chinese expatriates continue to make the emirates their home, opening businesses and creating a vibrant Chinese community in the country. An estimated 200,000 Chinese currently reside in the UAE with more than 4,000 Chinese companies operating in …

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China lands bomber on South China Sea island for first time

The Chinese air force has landed long-range bombers for the first time on an airport in the South China Sea, a state newspaper said Saturday, in a move likely to further fuel concerns about Beijing’s expansive claims over the disputed region. The China Daily newspaper reported that the People’s Liberation …

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