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China’s Premier Li Keqiang has congratulated Anthony Albansese on his election victory

China’s premier congratulates PM, ending years-long freeze

Beijing has urged Anthony Albanese to reflect on Labor’s past successes as the two countries forge a fresh start in bilateral relations.

  • Updated
  • Michael Smith
The PCK refinery, which handles Russian oil delivered via the Druzhba pipeline, supplies 95 per cent of the gasoline, diesel, heating oil and kerosene to Berlin and Brandenburg.

The refinery standing between Germany and a Russian oil embargo

A Russian-owned refinery, linked to a Soviet-era pipeline, is a reminder of Germany’s past and a stumbling block to efforts to cut off Russian oil.

  • Melissa Eddy

Goldman’s CEO calls NYC subway shooting of employee ‘senseless’

A gunman killed Daniel Enriquez, who joined the company’s global investment research division in 2013, on a Q train headed into Manhattan from Brooklyn.

  • Sridhar Natarajan

One mine auction draws 3448 bids in scramble for lithium

The 54.3 per cent stake in Yajiang Snowway Mining Development in China sold for about $420 million, nearly 600 times higher than the starting price.

  • Annie Lee

Ukraine war set to unleash world food crisis

Worries about the worldwide social and economic impact of the Russia-Ukraine war dominate the first day at Davos.

  • Hans van Leeuwen

Don’t let Taiwan dominate relations with China, Kissinger warns

The architect of America’s 1970s rapprochement with Beijing says changing the script on Taipei could risk “sliding into military conflict”.

  • Hans van Leeuwen

Opinion & Analysis

Globalised Asia is uneasy with trade sanctions

Asian states are generally loath to alienate a major power, especially a major commodity exporter. Those that depend on Russian imports worry about the effects of shortages and price increases at home.

Susan Thornton

Contributor

Is the world’s financial system about to crash? This expert thinks so

It is entering dangerous waters again, warns Columbia professor and author Adam Tooze, a rising star of the Davos circuit and a guru of the Lehman crisis.

Ambrose Evans-Pritchard

Contributor

Albanese’s first foreign policy trip will set the tone with China

Regional security will be top of the agenda for the new Australian prime minister’s first overseas trip, but China says this doesn’t augur well for Beijing-Canberra relations.

Michael Smith

North Asia correspondent

Michael Smith

Pessimism engulfs the Chinese economy as foreign investment fades

Political and regulatory issues are conspiring to eviscerate the dreams of many multinationals, and direct investment into China by foreign companies is falling off a cliff.

James Kynge

Contributor

From the Financial Times

The despair of expat families locked down in their apartments in Shanghai and elsewhere because of pandemic restrictiions is persuading many to bolt for the departure gates as soon as they can.

Pessimism engulfs the Chinese economy as foreign investment fades

Political and regulatory issues are conspiring to eviscerate the dreams of many multinationals, and direct investment into China by foreign companies is falling off a cliff.

  • James Kynge

Quad plans system to track illegal fishing by China

The system will allow the US and its partners to monitor illegal fishing even when fishing boats have turned off the transponders that are typically used to track maritime vessels.

  • Demetri Sevastopulo

Biden’s China strategy cannot work with weapons alone

The US focus on military alliances will drive out other kinds of diplomacy that may help reduce US-China tensions.

  • Updated
  • Edward Luce
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More From Today

Globalised Asia is uneasy with trade sanctions

Asian states are generally loath to alienate a major power, especially a major commodity exporter. Those that depend on Russian imports worry about the effects of shortages and price increases at home.

  • 1 hr ago
  • Susan Thornton

Is the world’s financial system about to crash? This expert thinks so

It is entering dangerous waters again, warns Columbia professor and author Adam Tooze, a rising star of the Davos circuit and a guru of the Lehman crisis.

  • Ambrose Evans-Pritchard

Yesterday

Biden says US committed to military action to defend Taiwan

Joe Biden was talking tough on China on his first visit to Asia as president, warning the United States was committed to taking military action to defend Taiwan.

  • Updated
  • Michael Smith

Air Force flies emergency infant formula into the US

US President Joe Biden authorised the use of Air Force planes for the effort, dubbed ‘Operation Fly Formula’, because no commercial flights were available.

  • Michael Conroy

Ukraine rules out territorial concessions, as Russia steps up attacks

Russia has stepped up its pounding of the Donbas and Mykolaiv regions with air strikes and artillery fire to win control of the eastern front.

  • Conor Humphries and Max Hunder
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ASEAN hopes for regional tilt under Malaysian-born Wong

Labor’s thinking is that it can work with ASEAN nations on many fronts - including a consistent approach to dealing with an increasingly aggressive China. 

  • Updated
  • Emma Connors and Natalia Santi

Albanese’s first foreign policy trip will set the tone with China

Regional security will be top of the agenda for the new Australian prime minister’s first overseas trip, but China says this doesn’t augur well for Beijing-Canberra relations.

  • Michael Smith

Pessimism engulfs the Chinese economy as foreign investment fades

Political and regulatory issues are conspiring to eviscerate the dreams of many multinationals, and direct investment into China by foreign companies is falling off a cliff.

  • James Kynge

Biden seeks to shore up support for Asia-Pacific economic plan

Although far less sweeping than the TPP, the Indo-Pacific Economic Framework will set standards for the digital economy, clean energy and supply-chain resilience.

  • Updated
  • Zolan Kanno-Youngs

Quad plans system to track illegal fishing by China

The system will allow the US and its partners to monitor illegal fishing even when fishing boats have turned off the transponders that are typically used to track maritime vessels.

  • Demetri Sevastopulo

Accountant retires on cruise ships to avoid the cost of land living

Angelyn Burk calculated that it would be cheaper for her and her husband to spend their retirement perpetually on the ocean rather than in a house.

  • Sydney Page

Manchester City win Premier League in incredible comeback

No wonder thousands of Manchester City fans flooded onto the football field at the final whistle, defying new orders against pitch invasions.

  • Rob Harris

Elon Musk denies claims of sexual misconduct after $US250,000 payout

A report alleges that the billionaire’s aerospace firm, SpaceX, paid a flight attendant the large sum to settle a claim that he exposed himself to her in 2018.

  • Aaron Gregg

This Month

Quad leaders congratulate Albanese ahead of key meeting

The United States, Japan and India congratulated Labor on its election win as the leaders of Australia’s key allies prepare to meet on Tuesday.

  • Michael Smith

China’s media welcomes Morrison defeat, cautious on Labor

China’s state-controlled media is cautiously optimistic that a Labor government will mend ties with Beijing.

  • Michael Smith
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Lifeline for Netanyahu as Israel’s government loses majority

Should Benjamin Netanyahu return as prime minister, analysts say Israel would get a government alliance that would be among its most right-wing in history.

  • Patrick Kingsley

French foreign minister rejoices in Morrison’s loss

Scott Morrison’s decision to cancel the French submarine project showed “brutality and cynicism”, according to Jean-Yves Le Drian.

  • Albertina Torsoli

In biggest victory yet, Russia claims to capture Mariupol

Ukraine forces surrender to an unknown fate after holding out in beseiged steel plant for three months.

  • Elena Becatoros, Oleksandr Stashevskyi and Ciaran McQuillan

The $20,000 EV is here and it’s cute. But only in Japan

The tiny electric vehicles could get even cheaper, but their main drawback is small batteries.

  • River Davis and Tsuyoshi Inajima

Baseball’s last link to Babe Ruth and Joe DiMaggio dies

Roger Angell, whose writing about baseball in The New Yorker was original, spellbinding and impossible to imitate, has died, aged 101.

  • Matt Schudel and Bill Trott