Global oil shipping rates soar as US supertanker sanctions rattle crude trade.

SINGAPORE: Key oil freight rates from the Middle East to Asia rocketed as much as 28% on Friday in a global oil shipping market spooked by United States sanctions on units of Chinese giant COSCO for alleged involvement in ferrying crude out of Iran. In what the state department called “one of the largest sanctions […]

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Why China’s failure to bring home the bacon has Beijing worried

Would Britons take to the streets if the price of a bacon sandwich or a beef burger more than doubled? Pork protests may seem like hogwash but Beijing is increasingly worried that an unprecedented surge in the price of China’s favourite meat could be a match that lights the tinder. Already facing huge protests in Hong […]

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