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Mike Henry: “With a population of over 1.4 billion, China’s economic transformation and modernisation is occurring at an unprecedented scale.”

Upbeat on China, mining chiefs target green energy deals

The CEOs of Australia’s top three iron ore miners have used a trip to Beijing to praise China’s economic turnaround, saying they want to work with it to tackle climate change.

  • Michael Smith
The new Presidential Palace under construction at the country’s new capital Nusantara.

China steps up regional Asian investment to counter US influence

The increased focus on investment in East Asia and Pacific nations comes as Washington rolls out its strategy of ‘integrated deterrence’ across the Indo-Pacific to counter China’s rise.

  • Emma Connors

Putin to deploy nuclear weapons in Belarus

The Russian president likened his plans to the US stationing its weapons in Europe, and said that Russia would not be transferring control to Belarus.

  • David Ljunggren

King Charles postpones trip to France amid unrest

That Charles had chosen France as his first overseas destination as king had highlighted Britain’s desire to mend the relationship with its European neighbour.

  • Aurelien Breeden

Trump predicts ‘death and destruction’ if he’s indicted

In a post after midnight on Friday on his Truth Social platform, Trump asked how a former president could be charged with a crime.

  • Mark Niquette and Patricia Hurtado

IMF chief warns of further risks to financial system

Kristalina Georgieva said the transition from a prolonged period of low interest rates to much higher rates inevitably generated stresses and vulnerabilities.

  • Updated
  • Joe Leahy

Opinion & Analysis

Why the ‘isolated’ bank crisis won’t change Powell’s inflation fight

The US Fed chairman is focused on fighting inflation, but the Fed is unsure to what extent recent bank failures have cooled demand and slowed lending.

Matthew Cranston

United States correspondent

Matthew Cranston

The one group still winning from the banking crisis

Depositors have escaped unscathed from the collapse of Credit Suisse and the US banks – investors not so much.

Matthew Cranston

United States correspondent

Matthew Cranston

Xi’s peacekeeping push with Putin alarms West

Xi Jinping received a red-carpet welcome in Moscow, but the US accused him of providing diplomatic cover to Vladimir Putin to commit atrocities in Ukraine.

Michael Smith

North Asia correspondent

Michael Smith

Xi’s embrace of Putin dents his chances of playing peacemaker

Xi’s trip marks his most ambitious effort yet to weigh into Europe’s bloodiest conflict since World War II.

Bloomberg News

Contributor

From the Financial Times

Deutsche Bank is said to have significant exposure to US commercial real estate, which is under pressure from sharply rising interest rates, and to derivatives.

IMF chief warns of further risks to financial system

Kristalina Georgieva said the transition from a prolonged period of low interest rates to much higher rates inevitably generated stresses and vulnerabilities.

  • Updated
  • Joe Leahy

Commercial property risks rise on bank investors’ worry list

Offices are seen as the area of biggest risk after tenants cut back on space to reflect the popularity of working from home following pandemic lockdowns.

  • Jennifer Hughes, Harriet Clarfelt and Joshua Chaffin

Wall Street CEOs seek new plan for First Republic

The executives were set to discuss if anything more could be done for the California-based lender on the sidelines of a pre-planned gathering in Washington.

  • Stephen Gandel, Joshua Franklin and Brooke Masters
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This Month

German Chancellor Olaf Scholz.

No reason to doubt Deutsche, says German leader as shares fall

Europe’s leaders tried to calm investors as Deutsche Bank shares plunged and European markets were caught in further turmoil over the crisis in banking.

  • Reuters
Russian President Vladimir Putin, left, and Chinese President Xi Jinping.

Xi Jinping recruits Putin in battle against the West

Xi Jinping’s overt display of flattery in Moscow this week underscores the Chinese leader’s need to keep his old ally close at a time when he wants to take on the West

  • Michael Smith
Happier times. Lee Kuan Yew at home playing Chinese chess with his wife, two sons and daughter.

Singapore’s first family rift takes even nastier turn

The estranged brother of Singapore’s Prime Minister Lee Hsien Loong has hit back after being labelled a liar and absconder in parliament.

  • Emma Connors
Australian CEOs heading to China this weekend: Fortescue Metals’ Andrew Forrest, BHP’s Mike Henry, Rio Tinto’s Jakob Stausholm and Treasury Wine Estates’ Tim Ford.

CEOs return to China for Xi’s Davos

After years of closed borders, Australian business leaders will return to China in force this weekend despite diplomatic tensions.

  • Michael Smith
A protester holds a placard that reads, “destitution of the cursed poet ” during a rally in Paris.

France in flames over Macron’s pension reforms

Protests escalated across France after President Emmanuel Macron compared them to the US Capitol riots in 2021.

  • Horaci Garcia, John Irish and Ingrid Melander
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Thomas Jordan, president of the Swiss National Bank.

Swiss regulators defiant on $26b Credit Suisse bond wipeout

Amid growing signs of a lawsuit against the UBS-Credit Suisse deal, the Swiss regulator said its AT1 bond write-off was necessary and contractually permitted.

  • Updated
  • Hans van Leeuwen
San Francisco is the worst-hit city, with almost 19 per cent of office space unoccupied at the end of 2022, up from 5 per cent three years earlier.

Commercial property risks rise on bank investors’ worry list

Offices are seen as the area of biggest risk after tenants cut back on space to reflect the popularity of working from home following pandemic lockdowns.

  • Jennifer Hughes, Harriet Clarfelt and Joshua Chaffin
A charging station in Paris.

EU hopes to avoid showdown on combustion engine phase-out

Last-minute opposition from Germany has stalled the EU’s flagship law to end sales of new CO2-emitting cars in 2035, putting on hold part of the bloc’s strategy to reach net-zero emissions by 2050.

  • Kate Abnett and Philip Blenkinsop
A Virginia Class submarine.

AUKUS tech sharing clears first hurdle in US Congress

A bill designed to speed up sharing of secret military technology under the AUKUS pact has passed the Congress’ lower house.

  • Matthew Cranston
Winter strawberries are given as gifts.

The secret behind Japan’s absolutely perfect strawberries

Most farmers have stopped growing the fruit during the far less lucrative warmer months.

  • Hiroko Tabuchi
Rishi Sunak vowed in November to publish his tax returns within a year.

Rishi Sunak made millions in non-political income, tax return shows

The UK prime minister received almost £600,000 in investment income and £3.8 million in capital gains between 2019 and 2022.

  • Joe Mayes
Jerome Powell speaks to reporters after the Fed Reserve’s interest rate decision.

Why the ‘isolated’ bank crisis won’t change Powell’s inflation fight

The US Fed chairman is focused on fighting inflation, but the Fed is unsure to what extent recent bank failures have cooled demand and slowed lending.

  • Matthew Cranston
Boris Johnson en route to his committee hearing on Wednesday.

Lockdown-busting parties ‘essential’, Boris Johnson says

The former UK leader told MPs he did nothing wrong in the partygate saga, while his successor, Prime Minister Rishi Sunak, scored a Brexit win.

  • Hans van Leeuwen
Christine Lagarde sees higher rates yet.

ECB officials viewing inflation threat feel vindicated on increase

Policymakers at the European Central Bank are more concerned about unvanquished inflation than any damage to economic growth from recent bank turbulence.

  • Jana Randow and Alexander Weber

Canada leads G7 nations as population jumps by 1m for first time

Canada added a record number of people last year, bringing its population to 39.6 million, boosted by immigrants and the intake of Ukrainian refugees.

  • Randy Thanthong-Knight
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Beijing has ended an unofficial ban on Australian coal that has been in force for more than two years.

Australian coal trickles into China in February

Chinese customs data has confirmed that Australian coal was imported last month, although the volumes were low.

  • Michael Smith
Russian President Vladimir Putin and Chinese President Xi Jinping exchange documents during a signing ceremony on Tuesday.

Xi, Putin attack AUKUS deal as geopolitical divisions widen

Xi Jinping and Vladimir Putin say they have “serious concerns” about Australia’s AUKUS pact.

  • Updated
  • Michael Smith
Trump supporters outside New York country criminal court on Monday.

What banking crisis? Trump arrest talk steals America’s attention

The United States, wracked by a banking crisis, is riveted by the former president’s possible indictment over alleged hush money to a porn star.

  • Matthew Cranston
Mad Max: how the US baking sector would have been if deposits weren’t insured according to film director Clark Coffey.

‘Like a horror movie’: US banks go off script

US filmmaker Clark Coffey watched on in horror as his bank wobbled and others collapsed.

  • Updated
  • Matthew Cranston
Hong Kong is trying to entice the wealthy to return.

Hong Kong is opening its doors to billionaires in a family office push

The Wealth for Good summit, seen as a showcase of soft power, is aimed at sending the world’s super rich a message: the city is back in business.

  • David Ramli