China urges EU to be ‘objective and fair’ on South China Sea issue

China urges EU to be ‘objective and fair’ on South China Sea issue


China urged the European Union to be “objective and fair” and careful with words and actions on issues in the South China Sea, after the bloc remarked on an incident that occurred over the weekend.

Ted Aljibe | Afp | Getty Images

China urged the European Union to be “objective and fair” and careful with words and actions on issues in the South China Sea, after the bloc remarked on an incident that occurred over the weekend.

China said it was “strongly dissatisfied” with the European Union’s “accusations” against it on the issue, a statement by the Chinese mission to the EU showed.

“The European Union is not a party to the South China Sea issue and has no right to point fingers on the issue,” it said.

It also said the EU’s repeated “hyping up” on the freedom of navigation issue “has no benefits to the EU’s own interests and international credibility”.

China and the Philippines exchanged accusations of intentionally ramming coast guard vessels in disputed waters of the South China Sea on Saturday, the latest in an escalating series of clashes.

The collision near the Sabina Shoal was their fifth maritime confrontation in a month in a longstanding rivalry over the vital waterway.

The EU said in a Sunday statement that it condemned the “dangerous actions by China Coast Guard vessels against lawful Philippine maritime operations” in the sea.

In the statement, the European Union External Action Service said the recent incidents between Chinese and Philippines authorities “endanger the safety of life at sea, and violate the right to freedom of navigation and overflight to which all nations are entitled under international law.”



Source

Treasury Secretary Bessent says a stock market decline won’t deter the U.S. from taking strong action against China
World

Treasury Secretary Bessent says a stock market decline won’t deter the U.S. from taking strong action against China

Treasury Secretary Scott Bessent insisted Wednesday that the U.S. won’t change its trade negotiating stance on China due to stock market volatility. “We won’t negotiate because the stock market is going down” or shy away from taking strong measures against Beijing for that reason, Bessent said in an exclusive interview at CNBC’s Invest in America […]

Read More
Nscale eyes IPO amid fresh  billion deal with Microsoft
World

Nscale eyes IPO amid fresh $14 billion deal with Microsoft

Nscale, the UK-headquartered AI infrastructure provider. Courtesy: Nscale AI cloud company Nscale is eyeing an IPO, the company confirmed to CNBC Wednesday as it announced a $14-billion deal with U.S. tech giant Microsoft. The London-based company, which provides technology infrastructure to help AI scale, has “public market ambitions” which could be realized in the “back […]

Read More
Bank of America tops estimates on 43% surge in investment banking revenue
World

Bank of America tops estimates on 43% surge in investment banking revenue

Brian Moynihan, CEO of Bank of America, leaves the U.S. Capitol after a meeting with Republican members of the Senate Banking, Housing and Urban Affairs Committee on the issue of debanking on Thursday, February 13, 2025.  Tom Williams | Cq-roll Call, Inc. | Getty Images Bank of America on Wednesday posted third-quarter results that exceeded […]

Read More