Trump rages at Clinton and Russia inquiry

US President Donald Trump has launched a Twitter tirade about the “guilt” of Hillary Clinton and the opposition Democratic Party.

His Sunday morning outburst came amid reports that the first arrest in the Russian collusion inquiry would be made this week, possibly as early as Monday.

Mr Trump insisted allegations of collusion between his campaign and Russia were “phony” and a “witch hunt”

He said Republicans were united behind him, before urging: “DO SOMETHING!”

Media reports say the first charges have been filed in the investigation led by special counsel Robert Mueller into alleged Russian interference in the 2016 election to assist Mr Trump.

It is not clear what the charges are and whom they are targeting, CNN and Reuters report, quoting unnamed sources.

  • “Never seen such Republican ANGER & UNITY as I have concerning the lack of investigation on Clinton made Fake Dossier (now $12,000,000?),….
  • “…the Uranium to Russia deal, the 33,000 plus deleted Emails, the Comey fix and so much more. Instead they look at phony Trump/Russia,….
  • “…’collusion,’ which doesn’t exist. The Dems are using this terrible (and bad for our country) Witch Hunt for evil politics, but the R’s…
  • “…are now fighting back like never before. There is so much GUILT by Democrats/Clinton, and now the facts are pouring out. DO SOMETHING!”

About an hour later he tweeted: “All of this ‘Russia’ talk right when the Republicans are making their big push for historic Tax Cuts & Reform. Is this coincidental? NOT!”

Russian fighter jet intercepts US nuclear-capable bomber over Baltic Sea

Critics on Twitter were quick to accuse him of attempting to divert attention from the Russian investigation by complaining about the lack of focus on an opponent he defeated in the presidential election nearly a year ago.



G20 Summit: China’s President calls for open and inclusive global economy

Chinese President Xi Jinping on Friday urged the G20 nations to continue building an open and more inclusive world economy at the first working session of this year’s summit in Hamburg.

Xi called for “openness” and “inclusiveness” to advance interconnected growth.

He praised the efforts the G20 group have made, saying the world’s economic outlook is looking more positive and expected growth this year is the most positive outlook in recent years.

Chinese President Xi Jinping welcomed by German Chancellor Angela Merkel at the G20 summit in Hamburg, Germany, July 7, 2017. /CFP Photo

Continue to build an open world economy

An open economy is an important experience that the G20 countries have during global financial crisis, according to Xi.

“As the world’s major economies, we should together play a leading role, support multilateral trade and do things according to rules that we made together, and find win-win solutions to common challenges that are based on negotiation,” Xi said.

Find new impetus for world economic growth

“We should together make new technology, new industries, new models and new products,” Xi urged, saying innovation can bring impetus to the economy.

He said the new impetus can further implement the 2030 sustainable development goals and is good for developing countries and can bring opportunities for developed countries.

 World leaders turn around for photographers at the start of the first working session of the G20 summit in Hamburg, northern Germany, on July 7, 2017. /CFP Photo

Making global economic growth more inclusive

However, Xi did say that global economic growth is still unbalanced, and technological development brings challenges to employment.

Xi said a major mission for the G20 is to manage contradictions and to be more inclusive in solving problems.

Continue to consummate global governance

Xi praised the results of coordination of macroeconomic policy, reform of international financial institutions, consummation of international financial regulation and fighting against tax evasion between G20 nations, which contributed greatly to global economic recovery and stabilized financial markets.

Xi urged a continuation of efforts, and called on members of the G20 to further strengthen coordination of macroeconomic policies and forestall risks in financial markets.

He urged members to develop financial inclusion and green finance to make the financial sector drive the development of the real economy.

Source: CGTN Global

Global oil price drops to its lowest in 10 months

The global oil market began a new round of dropdown at the end of May with the crude oil prices dropping by 17% during May 24 to June 21 in Europe and America, the lowest in the past 10 months.

The domestic oil prices in China, at the same time, also dropped twice in a row.

Contrary to some pessimistic prediction about the oil price’s dropping to 30 US dollars per barrel, some oil market participants began “bargain hunting” to boost the oil market. As a result, the global crude oil price was up by 11%, or nearly 5 US dollars per barrel, from June 22 to July 3.

Analysts from consultancy firm Wood Mackenzie foresaw the global oil market to continue growing in the short-term with prices set to rise in the second half of 2017 during a conference in Beijing on Wednesday.

The global oil demand is expected to increase by 12 million barrels per day through 2035, according to the consultancy. The demand in China, however, will fall over the same period, as the country seeks to transition to a more sustainable mode of development.

Wood Mackenzie head of cross-commodity analytics Fu Peng said the recovery is great, but it is still not yet a time to relax.

Although the oil market is turning around, according to the latest PMI indicator, the recovery is not stable enough due to some geopolitics and war issues, and there may also be some downside risks on the demand side.

Source: CGTN Global

Trump Gets New Trademarks in China; Potential for Conflicts of Interest

U.S. President Donald Trump is adding six more trademarks in China in sectors including veterinary services which will likely help to expand his business influence across China.

During his election campaign Trump accused China of stealing American jobs, but since meeting Chinese President Xi Jinping in April, he has taken a friendlier approach to the world’s second-largest economy.

Trump added trademarks in construction and now has 123 registered or approved trademarks across China.

Trending: Congress Shooting Live Updates: Gunman Asked About Republicans Or Democrats During Alexandria Baseball Practice

Trump makes money as a businessman from licensing his name to certain products although he has no physical business operating from China. Four of the trademarks in China are registered under DTTM Operations.

As President, Trump no longer conducts international business and Trump Operations is run by his adult sons.

Items with Trump’s name on it, like leather goods and cosmetics, are being sold around China, a country popular with counterfeiters. Trademarks there are usually awarded on a first-come, first-served basis, and it’s a popular service among celebrities who want to sell products with their names on the item.

Read also: China grants Trump a trademark he’s been seeking for a decade

Don’t miss: Meet the Terminator: Congo Warlord on Trial at ICC Is ‘as Dangerous as Joseph Kony’

China has granted Ivanka Trump, Trump’s daughter, four more trademarks since April, despite recent controversy over her shoe-producing factories in China. It’s been claimed workers producing Ivanka Trump items are working in poor conditions and paid very low wages.

According to the Trademark Office Database, Ivanka Trump Marks LLC has at least 24 trademarks granted provisional or full approval in China, plus 43 pending marks and three invalid marks, ABC news reported.

News of Trump’s trademark success will add further fuel to the fire for critics who say his business represents a serious conflict of interest. Democratic attorney generals in Maryland and the District of Columbia have filed a lawsuit against Trump, related to conflicts of interest.

Trump has been trying to increase trademarks in China for years. On February 15, Trump won sole rights to use his name on products throughout the country, from condoms to explosives. It prevents other entrepreneurs using his name on products to make money.

Source: Newsweek

China becomes the second largest investing country – UN report

Last year, China became the second largest investing country, the United Nations Conference on Trade and Development (UNCTAD) said on its annual report on investment issued on Wednesday.

According to the World Investment Report 2017, foreign direct investment (FDI) outflows from China surged by 44 percent to 183 billion US dollars amid weak economic growth and significant policy risks perceived by multinational enterprises.

Global FDI flows retreated marginally in 2016 by 2 percent to 1,75 trillion US dollars. /VCG Photo

Flows to developing countries were especially hard hit, with a decline of 14 percent, while FDI outflows from developed countries decreased by 11 percent, mainly owing to a slump in investments from European multinational enterprises.

The United States remained the largest recipient of FDI, attracting 391 billion US dollars in inflows, followed by Britain with 254 billion dollars, and China with inflows of 134 billion dollars.

Read also: China dismisses speculation over mega stimulus package to spur economy

What’s next?

The report predicted that the United States, China, and India are considered to be the most prospective destinations for FDI.

In 2017, the global FDI is expected to rise by five percent to almost 1.8 trillion US dollars, attributed to higher economic growth expectations across major regions, a resumption of growth in trade, and a recovery in corporate profits.

The modest increase in FDI flows is expected to continue into 2018, taking flows to 1.85 trillion US dollars, but still below the all-time peak of 1.9 trillion dollars in 2007, said the report.

Source: CGTN Global

Study: rice first domesticated in China around 10,000 years ago

Rice, one of the world’s major staple foods sustaining more than half of the global population, was first domesticated in China about 10,000 years ago, a new study suggested on Monday.

 “Such an age for the beginnings of rice cultivation and domestication would coincide with the parallel beginnings of agriculture in other regions of the world during a period of profound environmental change, when the Pleistocene was transitioning into the Holocene,” said Lu Houyuan, leader of the study and professor at the Institute of Geology and Geophysics under the Chinese Academy of Sciences (CAS).

Rice sustains more than half of the global population, and is one of the world’s most important staple foods. /VCG Photo

The research, published in US publication Proceedings of the National Academy of Sciences, was done in collaboration with Zhejiang Provincial Institute of Relics and Archaeology and the Institute of Geographic Sciences and Natural Resources Research under the CAS.

The age of the rice fossils could be derived through radiocarbon dating of organic matter in pottery shards, which can be contaminated with older carbon sources. To constrain the age of the phytoliths, researchers have developed new ways of isolating rice phytoliths from carbon sources, such as clays and carbonate, and have successfully dated the samples directly using radiocarbon dating.

 A rice fossil found in Hunan Province. /VCG Photo

 At present, rice remains previously recovered from the Shangshan site in the Lower Yangtze of China are recognized as the earliest example of rice cultivation. According to Lu, the phytoliths retrieved from the early stage of the Shangshan site are about 9,400 years old.

This means that rice domestication may have begun at Shangshan around 10,000 years ago during the beginning of the Holocene period, when taking into account the distance between phytolith samples and the lowest bottom of cultural strata of the site as well as a slow rate of rice domestication, Lu said.

Source: Xinhua

Trump’s visit: US, Saudi Arabia ink deals worth billions of Dollars

The US and Saudi Arabia signed defense and business deals worth billions of US dollars on Saturday as part of US President Donald Trump’s visit.

According to Al Arabiya local news, US defense contractor Raytheon has announced a partnership with Saudi military industries to create an Arab operation. Raytheon’s Arab branch will develop smart weapons and air defense systems in Saudi Arabia.

The announcement was made on Saturday during a CEO business forum in Riyadh that corresponded with Trump’s visit to the country, and focused on enhancing defense ties.

(From L) US Secretary of State Rex Tillerson, US President Donald Trump, Commerce Secretary Wilbur Ross and adviser Jared Kuchner take part in a bilateral meeting with Saudi officials on Saturday. /VCG Photo

Meanwhile, the American technology and engineering giant General Electric (GE) announced on Saturday it had signed 15 billion US dollar deals with Saudi Arabia which will help boost the kingdom’s drive to diversify its non-oil economy. The deals were also announced during the forum.

Read also: Trump in Saudi Arabia: First foreign trip starts as home troubles mount

Dozens of senior US business executives are meeting their Saudi counterparts at the conference.

Some of the prominent projects will help make Saudi power generation more efficient, and provide digital technology to petrochemical giant Saudi Aramco’s oil operations, aiming to add four billion US dollars to Aramco’s annual productivity.

Trump arrived in Riyadh on Saturday as part of a two-day trip to discuss cooperation, especially in counterterrorism.

Source: Xinhua