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An 18-month trade war between the two economic giants constrained neither power in geopolitical terms, but managed to constrain global economic growth.
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But now all eyes are on the US response as the future of the semi-autonomous territory is once again caught in the geopolitical wrangling between the world’s dominant powers.
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However, the net loss (excluding the adjustment) suffered due to a $55 million goodwill impairment charge, which was triggered by the decline in oil prices and unfavorable geopolitical events.
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Meanwhile, perhaps the most significant difference comes from the sensitivity to geopolitical events.
· China shares info on proposed Hong Kong security law with S. Korea: embassy official →
In the face of such brewing geopolitical challenges, Seoul's Foreign Minister Kang Kyung-wha plans to hold an interagency meeting Thursday to discuss diplomatic solutions to tackle the increasingly convoluted geopolitics.
· Equities rally as reopenings trump geopolitical tensions →
But Chris Iggo, at AXA Investment Managers, added: “That does not mean we should ignore the risk of second waves, prolonged weak growth and geopolitical issues.”
· ‘Neighbours is irrelevant to islanders’: Pacific experts criticise Australian TV initiative →
“Even if the strategy meets Australia’s geopolitical needs, does it meet the needs of Pacific Islanders?
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But mixed with its generosity is a new-found readiness to tussle with geopolitical adversaries including the United States, Australia and France.
· Gold prices rise as US-China tension, coronavirus cases spike; still down Rs 1,000 from record high →
“Lingering geopolitical tensions like the US-China cold war and Iran-Venezuela oil trade amid US sanctions are likely to boost the yellow metal prices,” said Hareesh V- Head Commodity Research at Geojit Financial Services.
· Dollar dips as pandemic recovery hopes buoy risk assets →
“A ruinous cold war that hurts global trade, supply chains, efficiency of common standards and geopolitical stability is increasingly on the cards, in our view.”