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siec
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European companies are cutting costs and scaling back investment plans in China as its economy slows and fierce competition drives down prices, according to an annual survey released Wednesday.

Their challenges reflect broader ones faced by a Chinese economy hobbled by a prolonged real estate crisis that has hurt consumer spending. Beijing also faces growing pushback from Europe and the United States over surging exports.

“The picture has deteriorated across many key metrics,” the European Union Chamber of Commerce in China said in the introduction to its Business Confidence Survey 2025.

The same forces that are driving up Chinese exports are depressing the business outlook in the Chinese market. Chinese companies, often enticed by government subsidies, have invested so much in targeted industries such as electric vehicles that factory capacity far outpaces demand.
DriftTheory
2 days ago
United Nation, Please tell Hamas to surrender and release all kidnapped to save lives.
Palestinians living in Gaza "deserve more than survival," the United Nations envoy for the Middle East told the Security Council on Wednesday, as Israel's war there enters its 600th day.

Israel stepped up its military offensive in Gaza, ignited by an attack by Palestinian militant group Hamas on October 7, 2023, earlier this month, while mediators push for a ceasefire that remains elusive.

The issue of aid has come sharply into focus amid a hunger crisis after Israel imposed a full blockade on Gaza for over two months, before allowing supplies in at a trickle last week.

"Since the resumption of hostilities in Gaza, the already horrific existence of civilians has only sunk further into the abyss. This is manmade," Sigrid Kaag, the United Nations Special Coordinator for the Middle East Peace Process, told the Council.
DriftTheory
2 days ago
Hamas has ordered Palestinians to stay away from vital aid delivered by a US-backed organisation, claiming it is part of an Israeli plot to gather intelligence.

The controversial Gaza Humanitarian Foundation (GHF), which has ties to both the Israeli and US governments, has been approved by Israel to take over aid deliveries inside the Strip, despite strong opposition from the UN and most aid groups.

Witnesses reported that very few Palestinians were turning up at distribution centres, despite Gaza’s population being pushed towards famine following Israel’s three-month aid blockade.

Hamas’s warnings about biometric screening procedures, an apparent requirement before food packages are handed out, have frightened Gazans, according to reports.
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2 days ago
NATO will ask Germany to provide seven more brigades, or some 40,000 troops, for the alliance's defence, three sources told Reuters, under new targets for weapons and troop numbers that its members' defence ministers are set to agree on next week.

The alliance is dramatically increasing its military capability targets as it views Russia as a much greater threat since its 2022 full-scale invasion of Ukraine.

Exact figures for NATO's targets - either overall or country by country - are hard to verify as the information is highly classified.

One senior military official who, like the other sources spoke on condition of anonymity, said the target for the total number of brigades that NATO allies would have to provide in future will be raised to between 120 and 130.
This would mean a hike of some 50% from the current target of around 80 brigades, the source said. A government source put the target at 130 brigades for all of NATO.

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