Trade talks in Washington involving Commerce Secretary Wilbur Ross (from right), U.S. Trade Representative Robert Lighthizer, Treasury Secretary Steven Mnuchin, Director of the National Economic Council Larry Kudlow and other Trump administration officials sit down with Chinese Vice Premier Liu He (from left), Central Bank Governor Yi Gang (2nd left) […]
CNBC News
The US-China trade rivalry is underway in Africa, and Washington is playing catch-up
The battle for political and economic influence between the U.S. and China is playing out across Africa, and Beijing’s growing presence is troubling Western policymakers, experts say. Africa has become the fastest urbanizing region on the planet, and China has placed itself at the infrastructural vanguard of the new frontier. […]
‘Huge fears’ about demand are weighing on oil markets, Helima Croft says
Avatar_023 | Getty Images Global trade tensions and their potential impact on crude demand are more significant for oil markets than recent attacks on energy infrastructure in the Middle East, according to Helima Croft, the managing director and global head of commodity strategy at RBC Capital Markets. “We still have […]
Chinese tourism growth slows as overseas travel loses its luster
XIAOSHAN AIRPORT, HANGZHOU, ZHEJIANG PROVINCE, CHINA: An outbound tourist group is waiting for check-in in front of the counter of China Customs. Chinese nationals have become the largest number of foreign tourists visiting other countries in 2015 as the number of outbound visitors crossed 120 million, registering an 11 million […]
‘You don’t do these things prior to negotiations,’ ex-diplomat says of US actions against China
A Chinese and U.S. flag at a booth during the first China International Import Expo in Shanghai, taken on taken on November 6, 2018. Johannes Eisele | AFP | Getty Images The latest U.S. actions against Chinese officials and companies don’t “set a good tone” for an upcoming high-level trade […]
Chinese state media slams NBA, accuses Silver of supporting violence in Hong Kong protests
NBA Commissioner Adam Silver speaks to the media after the Board of Governors meetings on July 12, 2016 at the Encore Hotel in Las Vegas, Nevada. David Dow | NBAE | Getty Images Chinese state media has slammed NBA head Adam Silver’s latest remarks, accusing him of supporting “indiscriminate violence” […]
Blizzard strips pro gamer of tournament earnings after his support of Hong Kong protests
A group of friends playing Hearthstone at Blizzcon. Noah Smith | The Washington Post | Getty Images Activision Blizzard suspended a professional player from an esports tournament and stripped him of his earnings after he made a statement over the weekend in support of protests in Hong Kong. In a post-match […]
Blizzard strips pro gamer of tournament earnings after his support for Hong Kong protests
A group of friends playing Hearthstone at Blizzcon. Noah Smith | The Washington Post | Getty Images Activision Blizzard suspended a professional player from an esports tournament and stripped him of his earnings after he made a statement over the weekend in support of protests in Hong Kong. In a […]
Goldman evaluating role in China’s Megvii IPO after US blacklist
An attendee uses his smartphone to record a facial-recognition demonstration on himself at the Beijing Megvii booth at the MWC Shanghai exhibition in Shanghai, China, on June 27, 2019. Qilai Shen | Bloomberg | Getty Images Goldman Sachs said on Tuesday it was reviewing its involvement in Megvii Technology’s planned […]
Elon Musk pressured officials in Thailand to say nice things about him during cave rescue
Elon Musk Mike Blake | Reuters Of all the controversies stirred up by Tesla CEO Elon Musk last year, none was more embarrassing than when he called expert spelunker and diver Vernon Unsworth a “pedo guy” and “child rapist,” after Unsworth criticized him for getting involved in a massive effort […]