Oil prices drop as aid arrives in Gaza; major Apple supplier faces China tax inquiry – business live

<gu-island name="KeyEventsCarousel" priority="feature" deferuntil="visible" props="{"keyEvents":[{"id":"653611bc8f088809c450b097","elements":[{"_type":"model.dotcomrendering.pageElements.TextBlockElement","html":" Good morning, and welcome to our live coverage of business, economics and financial markets around the world. ","elementId":"6b5b4570-c413-4804-8882-bbf504c1a440"},{"_type":"model.dotcomrendering.pageElements.TextBlockElement","html":" Oil prices dropped back on Monday after diplomatic efforts over the weekend to try to prevent the conflict between Israel and Hamas from spreading, including aid convoys being allowed into Gaza. ","elementId":"4aa18c91-1793-4c4f-86b9-21db9fbbbb1b"},{"_type":"model.dotcomrendering.pageElements.TextBlockElement","html":" The price of a barrel of Brent crude oil, the North Sea benchmark, for December delivery fell as low as $91.08 on Monday morning, down by more than a dollar, or about 1%, following the…

China and Russia harden positions on Gaza as war stirs geopolitical tensions

China and Russia have hardened their positions towards the conflict in Gaza in recent days, as the war between Israel and Hamas aggravates existing geopolitical tensions and underscores the growing gulf between the cold war allies and western powers such as the US, UK and France. The Chinese foreign minister said over the weekend that Israel’s bombing campaign had gone “beyond the scope of self-defence” and that it “should stop collective punishment of the people of Gaza”. On Friday, the Russian president, Vladimir Putin, raised the possibility that an intensified…

Heatwaves, flood and fire: what it’s like to survive 2023’s extreme weather – video

In 2023, the effects of the climate crisis have come into sharp focus. Much of the northern hemisphere endured a blistering heatwave, while other countries were inundated with torrential rain and catastrophic flooding. A number of climate records – some unofficial – tumbled in recent weeks. The Guardian spoke to four people from Hawaii, India, China and the Middle East directly affected by extreme weather events The Guardian

Brutal heat and heavy rain: a week of extreme weather

52.2C in China A remote township in the north-western region of Xinjiang set a Chinese record of 52.2C (125.9F) on Sunday – in a country that was battling -50C weather six months ago. Sanbao is in the Turpan Depression, an arid basin of sand dunes and dried-up lakes where 50.3C was recorded in 2015. Beijing topped its record for high-temperature days in a year on Tuesday, with 27 days above 35C. The temperature in its southern suburbs soared even higher on Wednesday to 36.3C. 53.3C in the US Temperatures at…

China’s Palestinian moment is about global standing rather than peace

The Palestinian Authority president imminent state visit to China is aimed at bolstering Beijing’s credentials on the world stage rather than a serious attempt to revive the Israeli-Palestinian peace process, experts have said. Mahmoud Abbas’s four-day visit, which is scheduled to begin on Tuesday, has been described by Chinese state media as aimed at facilitating new peace talks predicated on a two-state solution to the decades-old conflict. It also comes on the heels of Beijing’s recent success in brokering a detente between the Middle East’s two major religious and geopolitical…

China ready to broker Israel-Palestine peace talks, says foreign minister

China’s foreign minister told his Israeli and Palestinian counterparts his country is ready to help facilitate peace talks, state media reported. The separate phone calls between Chinese foreign minister, Qin Gang, and the Israeli and Palestinian top diplomats comes amid recent moves by Beijing to position itself as a regional mediator. Qin encouraged “steps to resume peace talks,” and said that “China is ready to provide convenience for this,” in a Monday phone call with Israeli foreign minister Eli Cohen, state media agency Xinhua reported. In his conversation with Palestinian…

The world in 2023: what our writers say you should watch out for

A near-inevitable global recession sparked by a lengthening war in Europe’s frozen east; an energy crisis coupled with soaring inflation; Covid-19 finally running rampant in China – predictions for 2023 are grim. Still, there are reasons to be hopeful. That same energy crisis has spurred an unprecedented demand for renewables, which are expected to boom, while in Brazil, a new president has sworn to protect the Amazon. Repressive regimes, meanwhile, will be nervously looking at Iran, where hardline clerics are locked in a struggle with a formidable pro-democracy uprising that…

Dark week for journalism as four reporters killed around the world

Ten days before she was assassinated outside a Mexican convenience store, Yesenia Mollinedo noticed two mysterious stalkers following her on a motorbike. “We know where you live, bitch,” one of them warned the journalist, the director of an online news outlet called El Veraz (The Truthful One) whose motto is “Journalism with Humanity”. For more than a year, Mollinedo, 45, had been trying to shrug off what she hoped were empty threats designed to silence the stories she published about crime in the coastal town of Cosoleacaque. She repeatedly changed…