US President, Donald Trump has cautioned Taiwan against formally declaring independence from China.   “I’m not looking to have somebody go independent,” the US president told Fox News on Friday, at the end of his two-day summit with his Chinese counterpart Xi Jinping in Beijing.   Taiwanese President Lai Ching-te has previously stated that Taiwan […]

US prices rose in April at their fastest rate since May 2023 as the impact of the war in Iran was increasingly felt by consumers.   A jump in the cost of gasoline and groceries pushed the consumer price index (CPI), showing the rate prices rose by in the past 12 months, to 3.8%.   […]

Global oil prices are predicted to remain in the “low $100s” for much of this year even if the Strait of Hormuz reopens as early as next month, investment bank JP Morgan has suggested.   The bank said on Monday supplies of oil in the region would not return to normal service quickly.   The […]