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Straits Times
3 minutes ago
- Straits Times
China opposes Czech president's visit to Dalai Lama
Find out what's new on ST website and app. FILE PHOTO: Tibetan spiritual leader, the 14th Dalai Lama, is served food on his 90th birthday celebration at the Tsuglagkhang, also known as the Dalai Lama Temple complex, in the northern town of Dharamshala, India, July 6, 2025. REUTERS/Anushree Fadnavis/File Photo HONG KONG - China said it "resolutely opposed" Czech President Petr Pavel's meeting in India with Tibetan spiritual leader the Dalai Lama, and urged the Czech side to "abide by its one-China political commitment" and maintain healthy and stable relations. China's embassy in the Czech Republic posted the notice late on Sunday and said China firmly opposes any form of contact between officials of any country and the Dalai "clique". Pavel met with the Dalai Lama on July 27, it said. "China urges the Czech side to abide by its one-China political commitment, take immediate and effective measures to eliminate the bad influence," the statement said. It added that the Czech side should stop sending "any wrong signals to 'Tibetan independence' separatist forces." The Dalai Lama has been living in exile in India since 1959 following a failed uprising against Chinese rule in Tibet, and Indian foreign relations experts say his presence gives New Delhi leverage against China. India is also home to about 70,000 Tibetans and a Tibetan government-in-exile. REUTERS Top stories Swipe. Select. Stay informed. Singapore Not feasible for S'pore to avoid net‑zero; all options to cut energy emissions on table: Tan See Leng Singapore With regional interest in nuclear energy rising, S'pore must build capabilities too: Tan See Leng Singapore New Mandai North Crematorium, ash-scattering garden to open on Aug 15 Singapore Tanjong Katong Road sinkhole did not happen overnight: Experts Singapore Sewage shaft failure linked to sinkhole; PUB calling safety time-out on similar works islandwide Singapore Science Journals: Lessons from weird fish sold in Singapore's wet markets World US and EU clinch deal with broad 15% tariffs on EU goods to avert trade war Asia Displaced villagers at Thai-Cambodian border hope to go home as leaders set to meet for talks
Business Times
an hour ago
- Business Times
Oil rises as US-EU deal lifts trade optimism
[SINGAPORE] Oil prices rose on Monday after the US reached a trade deal with the European Union and may extend a tariff pause with China, reducing concerns that potentially higher levies would limit economic activity and impact fuel demand. Brent crude futures inched up 22 cents, or 0.32 per cent, to US$68.66 a barrel by 0035 GMT while US West Texas Intermediate crude was at US$65.38 a barrel, up 22 cents, or 0.34 per cent. The US-European Union trade deal and a possible extension in US-China tariff pause are supporting global financial markets and oil prices, IG markets analyst Tony Sycamore said. The United States and the European Union struck a framework trade agreement on Sunday that will impose a 15 per cent import tariff on most EU goods, half the threatened rate. The deal averted a bigger trade war between two allies that account for almost one-third of global trade and could crimp fuel demand. Also, senior US and Chinese negotiators will meet in Stockholm on Monday aiming to extend a truce keeping sharply higher tariffs at bay ahead of the Aug 12 deadline. Oil prices settled on Friday at their lowest in three weeks as global trade concerns and expectations of more oil supply from Venezuela weighed. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up Venezuela's state-run oil company PDVSA is getting ready to resume work at its joint ventures under terms similar to Biden-era licenses, once US President Donald Trump reinstates authorisations for its partners to operate and export oil under swaps, company sources said. Though prices were up slightly on Monday, the prospect of Opec+ further easing supply curbs limited the gains. A market monitoring panel of the Organization of the Petroleum Exporting Countries and their allies is set to meet at 1200 GMT on Monday. It is unlikely to recommend altering existing plans by eight members to raise oil output by 548,000 barrels per day in August, four Opec+ delegates said last week. Another source said it was too early to say. The producer group is keen to recover market share while summer demand is helping to absorb the extra barrels. JP Morgan analysts said global oil demand rose by 600,000 bpd in July on year, while global oil stocks rose 1.6 million bpd. In the Middle East, Yemen's Houthis said on Sunday they would target any ships belonging to companies that do business with Israeli ports, regardless of their nationalities, as part of what they called the fourth phase of their military operations against Israel over the Gaza conflict. REUTERS
CNA
an hour ago
- CNA
Bib Gourmand recipients say accolade doesn't guarantee sustained business
Hawkers who were on Michelin's Bib Gourmand list say the accolade does not guarantee sustained business or future survival. Although it may momentarily bring more business, some say they also cannot cope with the sudden crowds. It is also still hard to pass the business on. Over 70 per cent of this year's 89 recipients are food hawkers. Caitlin Ng with more.
