Miner Chemaf emerges as first test of US-DR Congo minerals deal

Unlock the White House Watch newsletter for free Your guide to what Trump’s second term means for Washington, business and the world The Democratic Republic of Congo is nearing a decision on the sale of Chemaf, the miner that has become a litmus test for the country’s new minerals partnership with the US. Chemaf, which owns the Mutoshi copper and cobalt project, has become a political lightning rod as at least six bidders have emerged for the struggling company that was put up for sale in 2023.  The troubled asset…

US defence strategy omission raises alarm in Taiwan over Trump’s intentions

Taiwan’s absence from the United States’ newly released 2026 National Defence Strategy has fuelled fresh debate on the island over whether Washington is deliberately sidestepping the island as it prioritises bigger interests with Beijing. The omission is in sharp contrast with earlier editions of the Pentagon’s quadrennial flagship strategy, which had explicitly referred to Beijing’s pressure on Taiwan and pledged support for the island’s asymmetric defence. The 2022 iteration mentioned the island eight times and described mainland China as launching “increasingly provocative rhetoric and coercive actions” that “threatened stability” and…

Singapore’s public housing model meets the limits of its success

Even if they don’t know his name, most of Singapore’s 6mn inhabitants have reason to be grateful to Liu Thai Ker. In the eyes of many Liu, who died this month aged 87, was the “architect of modern Singapore”, the man who designed the state-subsidised housing that has underpinned the growth of the former British colony in its six decades of independence. Prime Minister Lawrence Wong praised Liu as the “father of urban planning” in the city-state, while President Tharman Shanmugaratnam said he “helped make Singapore a liveable city in…

As Canada and UK hit refresh on China ties, is this the end of Five Eyes?

In the first few weeks of this year alone, the leaders of two of the five “eyes” in the world’s oldest intelligence-sharing alliance signalled they were ready to rethink their relationship with China. As Western economies grapple with the unpredictability and at times hostility of the White House’s policies, Canada and Britain have both sought to find a new way to work with China – a country that the Five Eyes has accused of espionage. Advertisement The shift is a “tough balancing act” for the alliance’s non-US members – which…

US likely averts major government shutdown by splitting bill, but partial closure looms

The US is poised to avoid a major shutdown after senators agreed on Friday to separate a controversial bill funding the Department of Homeland Security (DHS) from a package that also includes funding for the State Department and the Pentagon. The House, which is out of session this week, will still need to approve the package before it can be signed into law, meaning that there will be at least a brief funding lapse after current funding expires on Friday. But the chamber is expected to move on the legislation…

Starmer’s China trip thaws relations with Beijing but spurs criticism at home

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Sir Keir Starmer wraps up a four-day visit to China on Saturday, attacked by Donald Trump for his “dangerous” liaison with Beijing, dubbed “Sir Kowtow” in the right-wing press and accused by opponents of coming away with little to show for his schmoozing. Amid tight security and surrounded by aides carrying burner phones, Starmer even ended the trip being asked whether he had been advised to get dressed under the…

How will China respond as US expands foreign ship seizures?

China is expected to look for ways to protect its maritime interests in the face of increasingly assertive efforts by the United States to seize foreign ships it accuses of breaching sanctions on countries such as Iran and Venezuela. In November, a cargo ship travelling to Iran from China was reportedly raided by a US special operations team in the Indian Ocean near Sri Lanka and its cargo of dual military-civilian use goods confiscated. It was the first known US interception of outbound cargo from China in years. Advertisement Then…

US hails Panama high court ruling against CK Hutchison’s ports concession

Washington on Friday welcomed a Panamanian court ruling cancelling a contract held by a subsidiary of Hong Kong-based CK Hutchison Holdings to operate two ports along the Panama Canal, a decision seen as a boost to the United States’ efforts to counter Chinese influence in the western hemisphere. The reaction came as Panama’s government sought to reassure workers and investors on the ground that trade and jobs would not be affected. “The United States is encouraged by the recent Panamanian Supreme Court’s decision to rule port concessions to China unconstitutional,”…