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Chinese language president Xi Jinping introduced a “new period” in Beijing’s relationship with the Gulf area as he met Saudi Arabia’s crown prince Mohammed bin Salman in Riyadh yesterday and the 2 sides signed partnership offers.

In an opinion piece revealed in Saudi Arabia’s media, Xi wrote: “The go to will carry ahead our conventional friendship, and usher in a brand new period in China’s relations with the Arab world, with Arab states of the Gulf and with Saudi Arabia.” Forward of his welcome in Riyadh by the dominion’s day-to-day ruler, Xi wrote that Saudi Arabia and China “respect one another’s sovereignty and improvement path [and] respect one another’s historical past and cultural traditions”.

The three-day go to, which is able to see the Chinese language chief attend Arab and Gulf summits, comes at a low level in US-Saudi Arabia relations after the dominion led Opec+ in oil manufacturing cuts, prompting warnings by Washington that it might reassess its ties with Riyadh.

Saudi Arabian and Chinese language media reported that the 2 sides signed a strategic partnership settlement that may see the 2 nations’ leaders meet each two years. In addition they penned 34 funding offers in sectors together with know-how and vitality.

1. Fever remedy scarcity in Covid-hit Beijing The Chinese language capital is operating out of medical provides because it combats a quickly spreading coronavirus outbreak, well being employees mentioned, placing stress on restricted sources simply as authorities carry pandemic restrictions. Covid-19 clinics are shortly filling up and a few hospitals have begun rationing ibuprofen and paracetamol.

2. Iran executes 23-year-old protester Iran has executed 23-year-old Mohsen Shekari, who was convicted of stabbing a safety official and horrifying individuals by blocking a avenue in the course of the latest nationwide protests. The Islamic republic has arrested 1000’s of individuals because the demonstrations started in September however Shekari, who was hanged yesterday, is the primary individual to be executed.

3. Jack Ma quits as head of main China enterprise group Alibaba co-founder Jack Ma has stepped down as president of the vital enterprise group Basic Affiliation of Zhejiang Entrepreneurs because the Chinese language billionaire continues to shun the limelight whereas spending time overseas. The affiliation is China’s most outstanding networking group for founders.

4. FTC sues to dam Microsoft’s acquisition of Activision Blizzard The US Federal Commerce Fee will sue to dam Microsoft’s $75bn acquisition of online game maker Activision Blizzard over issues the deal would hurt opponents to its Xbox consoles and cloud-gaming enterprise.

5. Russia frees US basketball star in prisoner swap US basketball star Brittney Griner was freed in a prisoner swap with Russia, a diplomatic breakthrough in Moscow’s greater than nine-month battle with Ukraine. Griner was launched in trade for Viktor Bout, an imprisoned Russian arms supplier who was serving a 25-year sentence within the US.

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The day forward

China inflation figures November’s client value index and month-to-month producer value index are due out at this time. In October, China’s manufacturing facility gate costs fell into deflationary territory for the primary time since 2020. Nonetheless, economists have predicted China’s loosening of its zero-Covid insurance policies might set off increased inflation within the months to come back.

Pakistan vs England cricket match The second of three Pakistan vs England take a look at collection matches is about to start out in Multan at this time.

World Cup quarter-finals The eight groups who stay within the World Cup kick off the following spherical at this time. Up first are Brazil and Croatia at this time at 6pm native time. In our evaluation of how soccer is altering, the most recent Fifa statistics present gamers are operating additional and taking pictures much less however scoring simply as a lot.

Nobel Prize Day Awards can be offered to recipients on Saturday, the anniversary of Alfred Nobel’s loss of life.

What else we’re studying

‘What’s the purpose of shopping for?’ Rising numbers of younger Chinese language, the principle patrons of city houses, are selecting to hire somewhat than purchase — with doubtlessly far-reaching implications for the nation’s troubled property market.

“With no wealth-creation impact, what’s the purpose of shopping for properties like loopy? Why not simply hire?” mentioned Victoria Zhan, a younger banker who has postponed plans to purchase an residence in suburban Shanghai this 12 months.

Fosun-owned Lanvin’s future hangs by a thread Chinese language billionaire Guo Guangchang’s Fosun acquired a controlling stake in Lanvin in 2018, promising to revive the 133-year-old French style home’s fortunes. Now, with Lanvin trailing behind rivals Chanel, Dior and Hermès on the earth’s largest client market, Guo plans to take the corporate public whereas grappling with a $36bn debt pile.

The key lives of MI6’s high feminine spies Regardless of having proved themselves in the course of the second world battle, girls weren’t usually recruited as British intelligence officers till the late Seventies. Right this moment, three of the Secret Intelligence Service’s 4 director-generals are feminine. For the primary time, they reveal why girls typically make one of the best spies for our instances.

Is there no disgrace anymore? Sam Bankman-Fried’s mere “embarrassment” on the collapse of FTX is a symptom of our incapability to search out shared ethical values. Not solely does Bankman-Fried look like missing in disgrace; he appears nearly contemptuous in direction of those that really feel advanced ethical feelings, writes Jemima Kelly.

Huge cities drive half of world financial development A small number of huge cities has been the driving power behind greater than half of world financial development this century, in line with a McKinsey evaluation, although they make up lower than 1 per cent of the world’s landmass.

A map of the world showing that half of the world's economic growth this century came from just 1 per cent of its landmass


The quivering media protection of Harry & Meghan, the brand new documentary collection specializing in the Duke and Duchess of Sussex, is the sort that makes the world assume that Britons nonetheless have the mindsets of medieval peasants. It was additionally presumably what Netflix dreamt of when it agreed a take care of Harry and Meghan doubtless value tens of hundreds of thousands of {dollars}. However what of the particular content material? Henry Mance shares his overview.

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