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BASF exits Xinjiang ventures after Uyghur abuse reports
BASF exits Xinjiang ventures after Uyghur abuse reports
by  AFP

German chemicals giant BASF said Tuesday it had exited two joint ventures in China's Xinjiang region after its local partner was alleged to have participated in rights abuses against the local Uyghur minority. BASF said at the time it had no indication that employees of the joint ventures were involved in rights violations, only staff of its local partner.

Nordics, Lithuania plan joint purchase of combat vehicles
Nordics, Lithuania plan joint purchase of combat vehicles
by  AFP

Sweden, Finland, Norway and Lithuania plan to beef up military capabilities around the Baltic Sea with a joint order for several hundred CV90 combat vehicles, Swedish Prime Minister Ulf Kristersson said Tuesday. "Our focus right now is on a potential coordinated acquisition of the CV90 infantry fighting vehicles with Sweden, Lithuania, Finland and Norway together," Kristersson said.

IMF slashes China growth forecasts as trade war deepens
IMF slashes China growth forecasts as trade war deepens
by  AFP

The IMF said Tuesday it now believed China's economy will only grow by four percent this year, well below Beijing's official target as it fights a mounting trade war with the United States that threatens to hammer the global economy.

US official asserts Trump's agenda in tariff-hit Southeast Asia
US official asserts Trump's agenda in tariff-hit Southeast Asia
by  AFP

The first US official to visit Southeast Asia since Washington announced punitive tariffs on the region's countries on Tuesday issued a robust defence of President Donald Trump's foreign policy approach. The two-day meeting between Washington and the 10-country Association of Southeast Asian Nations bloc is being held in the city of Siem Reap.