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Real-time News
According to the Kuwait News Agency, the Kuwait Petroleum Corporation (KPC) stated that an Iranian attack damaged an oil facility, resulting in injuries and significant property damage.According to the Jordanian National News Agency, Jordan intercepted and shot down four drones that had violated its airspace.July 18th - Question: It is reported that the British government announced on the 16th that it has nationalized British Steel under the Steel Industry (Nationalization) Act, taking over the company previously controlled by Chinas Jingye Group, and will establish a compensation mechanism through secondary legislation to independently assess compensation matters. British Prime Minister Starmer stated that the decision safeguards the future of the British steel industry and protects skilled jobs. What is Chinas comment on this? Foreign Ministry Spokesperson: The Chinese Ministry of Commerce has already responded, which you can refer to. I would like to emphasize that this matter has attracted great attention from the Chinese public. How the UK handles this matter will directly affect Chinese investors perception of the UKs investment environment and the Chinese publics perception of the British governments credibility. China and the UK have signed an investment protection agreement, and the legitimate rights and interests of investors must be fully protected in accordance with the law. China urges the UK to earnestly respect market principles and the spirit of contracts, and find a mutually acceptable solution, including how to compensate. China supports enterprises in using legal means to protect their rights and is closely monitoring the developments of the matter; it will take measures to protect its rights if necessary.On July 18, 2026, Wang Yi, member of the Political Bureau of the CPC Central Committee and Foreign Minister, met with Dominicas Foreign Minister Henderson in Shanghai. Henderson was in China to attend the World Artificial Intelligence Conference. Wang Yi welcomed Hendersons special trip to China for the conference and emphasized that China does not want a new "intelligent divide" to emerge beyond the existing global wealth gap. He stressed that every country, regardless of size, has the right to economic development and technological progress, and that artificial intelligence should be positive, inclusive, and beneficial to humanity. China is willing to strengthen coordination and cooperation with developing countries, including Dominica, within the World Artificial Intelligence Cooperation Organization to promote the organizations effectiveness and strength, contribute to the development of the Global South, and play a role in human progress.Market news: The Iraqi Ministry of Oil has signed two supplementary agreements with Chevron (CVX.N) to develop oil fields and energy infrastructure.
