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...New Delhi has also benefited from the continued import of cheap Russian crude without sanctions thanks to its courtship of western governments....
...“Both sides have consistently conducted co-operation in the field of natural gas based on the principles of mutual respect and mutual benefit,” the ministry said in a statement to the FT....
...Some analysts have called for the creation of an Asian equivalent of Nato — a mutual defence pact that would pull together all the Indo-Pacific countries that feel potentially threatened by China or Russia...
...The ministers’ stalwart expressions of mutual support and veiled condemnation of the US came as Yellen was flying back to Washington after a six-day trip to China....
...He said the head of the IAEA would “soon” visit Iran to “update” mutual agreements....
...“The investment serves our mutual interests in pushing back on the Chinese Communist party’s aggressive regional designs.”...
...“A lot of people have chosen to become uninsured,” said Xu Yucai, a former health official in the north-western Shaanxi province....
...They are all at bottom closely connected “stakeholders”, committed to mutual support, and adept at jettisoning jargon in favour of a serious commitment to work together for mutual benefit....
...Local officials also said they would introduce services to support car exporters, including improving export insurance, speeding up tax refunds and encouraging Chinese banks to provide consumer financing...
...This is in addition to mutual visa-waiver deals with Singapore and Thailand, a reinstated visa-free agreement with Brunei that was suspended during the pandemic and visa exemptions for those on short transit...
...However, 99 per cent of this money was pumped into ETFs listed in the Asia-Pacific region, in contrast to a more normal month such as December when 30 per cent of EM equity buying was through US-listed ETFs...
...“Mutual rejection was expressed of the US course aimed at interfering in the internal affairs of other states,” Ushakov said, according to Russian state newswire RIA Novosti....
...insurance....
...A resurgence of western investment in China is unlikely if Beijing continues to engage in what are seen as unfriendly actions, such as raids on US consultancy firms....
...JAL estimated on Wednesday that the crash would result in an operating loss of about ¥15bn ($105mn), which would be covered by insurance....
...It said it was still looking for ways to recover losses including through insurance claims and litigation....
...But if business finds COPs hard going, the feeling can be mutual....
...China’s gloomy business outlook threatens to have global repercussions as the world’s second-largest economy recovers weakly from strict Covid-era lockdowns, western companies have warned....
...“Working with China has become much more difficult for western countries,” said Maude....
...The alternative route involves rounding the Cape of Good Hope, near Cape Town, and sailing along western Africa, a far lengthier and costlier route....
...Russian oil tankers circumventing western sanctions are relying on insurance that appears impossible to claim against, according to leaked documents exposing the risks taken by Moscow’s “dark fleet”....
...“The age of the western set menu is over. And the new menu, while heavily influenced by two lead chefs, is still being written,” he writes....
...Danish authorities would target tankers transiting the Danish straits without western insurance, people with knowledge of talks told the Financial Times....
...In the end, western powers blinked first....
...This flurry of western visitors to Beijing underlines a crucial point....
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