Putin to Visit China to Deepen 'No Limits' Partnership with Xi

FILE PHOTO: Russian President Vladimir Putin shakes hands with Chinese President Xi Jinping during a signing ceremony following their talks at the Kremlin in Moscow, Russia March 21, 2023. Sputnik/Mikhail Tereshchenko/Pool via Reuters
FILE PHOTO: Russian President Vladimir Putin shakes hands with Chinese President Xi Jinping during a signing ceremony following their talks at the Kremlin in Moscow, Russia March 21, 2023. Sputnik/Mikhail Tereshchenko/Pool via Reuters
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Putin to Visit China to Deepen 'No Limits' Partnership with Xi

FILE PHOTO: Russian President Vladimir Putin shakes hands with Chinese President Xi Jinping during a signing ceremony following their talks at the Kremlin in Moscow, Russia March 21, 2023. Sputnik/Mikhail Tereshchenko/Pool via Reuters
FILE PHOTO: Russian President Vladimir Putin shakes hands with Chinese President Xi Jinping during a signing ceremony following their talks at the Kremlin in Moscow, Russia March 21, 2023. Sputnik/Mikhail Tereshchenko/Pool via Reuters

Russian President Vladimir Putin will meet Xi Jinping in China this week in a bid to deepen a partnership forged between the United States' two biggest strategic competitors. Putin will attend the Belt and Road Forum in Beijing on Oct. 17-18, his first trip outside the former Soviet Union since the Hague-based International Criminal Court issued a warrant for him in March over the deportation of children from Ukraine.China and Russia declared a "no limits" partnership in February 2022 when Putin visited Beijing just days before he sent tens of thousands of troops into Ukraine, triggering the deadliest land war in Europe since World War Two. The United States casts China as its biggest competitor and Russia as its biggest nation-state threat while US President Joe Biden argues that this century will be defined by an existential contest between democracies and autocracies, Reuters reported."Over the past decade, Xi has built with Putin's Russia the most consequential undeclared alliance in the world," Graham Allison, professor at Harvard University and a former assistant secretary of defense under Bill Clinton, told Reuters."The US will have to come to grips with the inconvenient fact that a rapidly rising systemic rival and a revanchist one-dimensional superpower with the largest nuclear arsenal in the world are tightly aligned in opposing the USA." Biden has referred to Xi as a "dictator" and has said Putin is a "killer" and a leader who cannot remain in power. Beijing and Moscow have scolded Biden for those remarks. Since the Ukraine war, Putin has mostly stayed within the former Soviet Union, though he visited Iran last year for talks with Supreme Leader Ali Khamenei.'NO LIMITS'?Once the senior partner in the global Communist hierarchy, Russia three decades after the 1991 collapse of the Soviet Union is now considered a junior partner of a resurgent Communist China under Xi, China's most powerful leader since Mao Zedong.Putin and Xi share a broad worldview, which sees the West as decadent and in decline just as China challenges US supremacy in everything from quantum computing and synthetic biology to espionage and hard military power.But Xi, who leads a $18 trillion economy, must balance close personal ties with Putin with the reality of dealing with the $27 trillion economy of the United States - still the world's strongest military power, and the richest.The United States has warned China against supplying Putin with weapons as Russia, a $2 trillion economy, battles Ukrainian forces backed by the United States and the European Union.Alexander Gabuev, director of the Carnegie Russia Eurasia Center, said the optics of the Ukraine war made big public deals unlikely right now."Putin is definitely a guest of honor," Gabuev said, adding that military and nuclear cooperation would be discussed."At the same time I think China is not interested in signing any additional deals at least in public, because anything that can be portrayed as providing additional cash flow to Putin’s war chest and Putin’s war machine is not good at this point." Adding to the complexity of military cooperation is uncertainty over the fate of Defence Minister Li Shangfu, who has not been seen in public for more than six weeks. The heads of Russian energy giants Gazprom and Rosneft , Alexei Miller and Igor Sechin, will join Putin's retinue during his visit, sources familiar with the plans have told Reuters. Russia wants to secure a deal to sell more natural gas to China and plans to build the Power of Siberia-2 pipeline, which would traverse Mongolia and have an annual capacity of 50 billion cubic meters (bcm).It is unclear if the gas deal - particularly the price and the cost of building it - will be agreed.



Trump Says Iran Killings Stopped

President Donald Trump speaks in the Oval Office of the White House, Wednesday, Jan. 14, 2026, in Washington. (AP Photo/Alex Brandon)
President Donald Trump speaks in the Oval Office of the White House, Wednesday, Jan. 14, 2026, in Washington. (AP Photo/Alex Brandon)
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Trump Says Iran Killings Stopped

President Donald Trump speaks in the Oval Office of the White House, Wednesday, Jan. 14, 2026, in Washington. (AP Photo/Alex Brandon)
President Donald Trump speaks in the Oval Office of the White House, Wednesday, Jan. 14, 2026, in Washington. (AP Photo/Alex Brandon)

US President Donald Trump said Wednesday he had been told the killings of protesters in Iran had been halted, but added that he would "watch it and see" about threatened military action.

Trump had repeatedly talked in recent days about coming to the aid of the Iranian people over the crackdown on protests that rights groups say has left at least 3,428 people dead, AFP said.

But in a surprise announcement at the White House, Trump said he had now received assurances from "very important sources on the other side" that Tehran had now stopped, and that executions would not go ahead.

"They've said the killing has stopped and the executions won't take place -- there were supposed to be a lot of executions today and that the executions won't take place -- and we're going to find out," Trump said.

He offered no details and noted that the United States had yet to verify the claims.

Asked by an AFP reporter in the Oval Office if US military action was now off the table, Trump replied: "We're going to watch it and see what the process is."

Iranian Foreign Minister Abbas Araghchi later said there would be "no hanging today or tomorrow," in an interview with US network Fox News, while accusing Israel of orchestrating violence, without providing evidence.

Araghchi contends the peaceful protests about economic hardship that began December 28 devolved into widespread violence between January 7 and 10 because the protests were infiltrated by external "elements who had a plan to create a big number of killings in order to provoke President Trump to enter into this conflict and start a new war against Iran."

Iran's Minister of Justice Amin Hossein Rahimi echoed that allegation, telling state news agencies that after January 7, "those weren't protests any longer" and anyone who was arrested on the streets then "was definitely a criminal."

A rights group said separately that the execution of an Iranian man arrested during the wave of protests, 26-year-old Erfan Soltani, would not take place as scheduled on Wednesday, citing relatives.

Late Wednesday, UN leadership announced a meeting of the Security Council Thursday for "a briefing on the situation in Iran," as requested by the United States.

Trump's comments sent oil prices plunging on Thursday morning, as concerns eased of a looming supply shock in energy markets. Iran makes up around three percent of global oil production.

- 'Full control' -

Araghchi said the Iranian government was "in full control" and reported an atmosphere of "calm" after what he called three days of "terrorist operation."

Iran also struck a defiant tone about responding to any US attack, as Washington appeared to draw down staff at a base in Qatar that Tehran targeted in a strike last year.

Iran targeted the Al Udeid base in June in retaliation for US strikes on its nuclear facilities. Ali Shamkhani, a senior advisor to Supreme Leader Ali Khamenei, warned Trump the strike showed "Iran's will and capability to respond to any attack."

Fears of possible US military action continued to rile the region.

The British government said its embassy in Tehran had been "temporarily closed," India's government urged its citizens to leave the country.

Germany's Lufthansa on Wednesday said its flights would avoid Iranian and Iraqi airspace "until further notice" after the US threats against Iran.

Trump has threatened to intervene militarily in Iran several times since the protest movement that has shaken the country began in late December. The protests are the largest since the Iranian Republic was proclaimed in 1979.

Rights monitors say that under cover of a five-day internet blackout, Iranian authorities are carrying out their harshest repression in years against demonstrations openly challenging the theocratic system.

Iran's judiciary chief vowed fast-track trials for those arrested, stoking fears authorities will use capital punishment as a tool of repression.

In Tehran, authorities held a funeral for more than 100 security personnel and other "martyrs" killed in the unrest, which officials have branded "acts of terror."

- 'Unprecedented level of brutality' -

G7 nations said Wednesday they were "deeply alarmed at the high level of reported deaths and injuries" and warned of further sanctions if the crackdown continued.

Monitor NetBlocks said Iran's internet blackout had lasted 144 hours. Despite the shutdown, new videos, with locations verified by AFP, showed bodies lined up in the Kahrizak morgue south of Tehran, wrapped in black bags as distraught relatives searched for loved ones.

The US-based Institute for the Study of War said authorities were using "an unprecedented level of brutality to suppress protests," noting reports of protest activity had sharply declined.

A senior Iranian official told journalists there had been no new "riots" since Monday, distinguishing them from earlier cost-of-living protests. "Every society can expect protests, but we will not tolerate violence," he said.

Prosecutors have said some detainees will face capital charges of "waging war against God." State media reported hundreds of arrests and the detention of a foreign national for espionage, without giving details.

Iran Human Rights, based in Norway, said security forces had killed at least 3,428 protesters and arrested more than 10,000.


Oil Drops as Trump Calms Iran Fears; Tech Stocks Slide in Asia

The Iranian flag and 3D printed oil barrels miniature are seen in this illustration taken June 23, 2025. (Reuters)
The Iranian flag and 3D printed oil barrels miniature are seen in this illustration taken June 23, 2025. (Reuters)
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Oil Drops as Trump Calms Iran Fears; Tech Stocks Slide in Asia

The Iranian flag and 3D printed oil barrels miniature are seen in this illustration taken June 23, 2025. (Reuters)
The Iranian flag and 3D printed oil barrels miniature are seen in this illustration taken June 23, 2025. (Reuters)

Oil prices retreated from multi-month highs on Thursday and gold eased from a record peak after US President Donald Trump calmed market anxiety over potential US military action against Iran.

A selloff in tech stocks extended into Asian trading, following declines on Wall Street, as investors rotated out of high-flying chip and artificial intelligence-related names while searching for bargains in other parts of the market.

Currencies paused for breath after the yen dropped to its weakest point since July 2024 against the US dollar overnight and then bounced back sharply amid warnings of possible intervention by Japanese authorities, Reuters said.

Japanese bond yields eased back from record peaks following a spike driven by speculation - which was later confirmed - ‌that the government will ‌call snap elections, a scenario that is expected to lead to ‌bigger ⁠fiscal stimulus.

Brent crude ‌futures dropped 3.4% to $64.25 and Nymex futures sank 3.4% to $59.89, after vaulting as high as $66.82 and $62.36, respectively, in the previous session.

Trump said on Wednesday afternoon that he had been told that killings in Iran's crackdown on nationwide protests were subsiding and he believed there was currently no plan for large-scale executions.

Gold fell 0.5% to around $4,598 per ounce. On Wednesday, it reached an unprecedented $4,642.72.

Stocks in Asia were mixed, but tech shares were met with more selling.

In Japan, the tech-heavy Nikkei eased 0.9% after hitting an all-time peak in ⁠the previous session, though the broader Topix extended its own record high on Thursday with a 0.8% advance.

Taiwan's TAIEX sank 0.4% and Hong ‌Kong's Hang Seng slipped 0.5%, with tech shares weighing.

Chinese blue ‍chips edged 0.1% lower, while South Korea's KOSPI ‍added as much as 1.3% to a fresh record high. The Bank of Korea left interest ‍rates unchanged on Thursday, as expected by economists, and signaled an end to its current easing cycle to prioritize financial stability.

FTSE futures pointed 0.6% higher, suggesting the cash index would open with an extension of its record high from Wednesday. Pan-European STOXX 50 futures tacked on 0.3%.

S&P 500 E-mini futures were flat after the cash index sank 0.5% overnight. The tech-focused Nasdaq Composite dropped 1%.

"There’s a rotation playing out on Wall Street that’s ultimately weighing on indices but indicates that the internals of the market ⁠are holding up reasonably well," said Kyle Rodda, an analyst at Capital.com.

"The strength in cyclicals, in no small part due to the positive outlook for the US economy, is propping up stocks and providing constructive signals to market participants of broadening market strength."

The US dollar was steady against its major peers on Thursday, with the dollar index up very slightly at 99.137.

It was unchanged at 158.44 yen after surging as high as 159.45 yen on Wednesday before pulling back sharply.

Japanese Finance Minister Satsuki Katayama issued another verbal warning on Wednesday, saying officials would take "appropriate action against excessive FX moves without excluding any options."

Prime Minister Sanae Takaichi plans to dissolve parliament's lower house next week and call a snap parliamentary election as early as February 8.

Expectations of bigger fiscal stimulus on an improved mandate have spurred investors to sell the yen ‌and government bonds, sending longer-dated yields to record highs in recent days.

Japan's 20-year yield shed 2.5 basis points on Thursday to 3.135% after vaulting to an unprecedented 3.165% in the prior session.


Iran Closes Its Airspace to Commercial Aircraft for Hours as Tensions with US Remain High

People walk past a large patriotic banner depicting the Iranian flag on Enghelab Square in Tehran on January 14, 2026.  (Photo by ATTA KENARE / AFP)
People walk past a large patriotic banner depicting the Iranian flag on Enghelab Square in Tehran on January 14, 2026. (Photo by ATTA KENARE / AFP)
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Iran Closes Its Airspace to Commercial Aircraft for Hours as Tensions with US Remain High

People walk past a large patriotic banner depicting the Iranian flag on Enghelab Square in Tehran on January 14, 2026.  (Photo by ATTA KENARE / AFP)
People walk past a large patriotic banner depicting the Iranian flag on Enghelab Square in Tehran on January 14, 2026. (Photo by ATTA KENARE / AFP)

Iran closed its airspace to commercial flights for hours without explanation early Thursday as tensions remained high with the United States over Tehran’s bloody crackdown on nationwide protests.

The closure ran for over four hours, according to pilot guidance issued by Iran, which lies on a key East-West flight route. International carriers diverted north and south around Iran, but after one extension, the closure appeared to have expired and several domestic flights were in the air just after 7 a.m. The Associated Press said.

Iran previously shut its airspace during the 12-day war against Israel in June and when it exchanged fire with Israel during the Israel-Hamas war. However, there were no signs of current hostilities though the closure immediately rippled through global aviation because Iran is located on a key East-West route for airlines.

“Several airlines have already reduced or suspended services, and most carriers are avoiding Iranian airspace,” said the website SafeAirspace, which provides information on conflict areas and air travel. “The situation may signal further security or military activity, including the risk of missile launches or heightened air defense, increasing the risk of misidentification of civil traffic.”

Iran in the past has misidentified a commercial aircraft as a hostile target. In 2020, Iranian air defense shot down Ukraine International Airlines Flight PS752 with two surface-to-air missiles, killing all 176 people on board. Iran for days adamantly dismissed allegations of downing the plane as Western propaganda before finally acknowledging it.

The airspace closure came as some personnel at a key US military base in Qatar were advised to evacuate. The US Embassy in Kuwait also ordered its personnel to “temporary halt” going to the multiple military bases in the small Gulf Arab country.

The UN Security Council scheduled an emergency meeting on Iran at the request of the United States on Thursday afternoon.

US President Donald Trump made a series of vague statements Wednesday that left unclear what American action, if any, would take place against Iran.

In comments to reporters, Trump said he had been told that plans for executions in Iran have stopped, without providing many details. The shift comes a day after Trump told protesters in Iran that “help is on the way” and that his administration would “act accordingly” to respond to Iran's deadly crackdown.

Iranian Foreign Minister Abbas Araghchi also sought to tone down the rhetoric, urging the US to find a solution through negotiation.

Asked by Fox News what he would say to Trump, Araghchi said: “My message is: Between war and diplomacy, diplomacy is a better way, although we don’t have any positive experience from the United States. But still diplomacy is much better than war.”

The change in tone by the US and Iran came hours after the chief of the Iranian judiciary said the government must act quickly to punish the thousands who have been detained.

Activists warned that hangings of detainees could come soon. The security forces’ crackdown on the demonstrations has killed at least 2,615, the US-based Human Rights Activists News Agency reported. The death toll exceeds that of any other round of protest or unrest in Iran in decades and recalls the chaos surrounding the country’s 1979 Iranian Revolution.