The U.S. flag flies at a welcoming ceremony between Chinese President Xi Jinping and U.S. President Donald Trump in 2017. Getty Images News | Getty Images Beijing has stepped up its warnings against the U.S. by cautioning Chinese people about working, studying and traveling in America. On Tuesday, China‘s Ministry […]
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Trump’s use of tariffs could get ‘out of control,’ former US diplomat says
U.S. President Donald Trump’s latest threats to slap tariffs on Mexico may cause relations between the two neighbors to spiral “out of control,” a former U.S. diplomat said on Tuesday. Bruce Heyman — who served as U.S. ambassador to Canada from 2014 to 2017 — said that if Trump makes […]
It’s not China or the US: Here are the trade war’s winners — so far
China’s President Xi Jinping (L) and US President Donald Trump attend a welcome ceremony at the Great Hall of the People in Beijing on November 9, 2017. AFP Contributor | AFP | Getty Images More than one year since the start of a trade war between Washington and Beijing, economists […]
It would be ‘very hard’ for anything like Tiananmen protests to happen again: Former US diplomat
A Chinese soldier stands guard in front of Tiananmen Gate outside the Forbidden City in Beijing. Getty Images It would be “very hard” for anything like the pro-democracy demonstrations at Beijing’s Tiananmen Square in 1989 to happen again, a former diplomat to China said on the 30th anniversary of the event’s […]
Australia’s central bank cuts rates to record lows as growth sags
The Reserve Bank of Australia headquarters in the central business district of Sydney, Australia. Lisa Maree Williams | Bloomberg | Getty Images Australia’s central bank cut its cash rate to a record low 1.25% on Tuesday in what could be the first in a series of stimulus measures amid growing calls […]
Tencent’s biggest shareholder says Chinese tech has been a ‘bloodbath’ — but the future looks bright
Tencent’s biggest shareholder is bullish on Chinese tech stocks despite the trade war between the U.S. and China. Naspers, a South African internet and media company, owns a 31% stake in Chinese tech giant Tencent. In an interview at the Money20/20 Europe conference on Monday, Naspers CEO Bob van Dijk said […]
World’s biggest firms foresee $1 trillion climate cost hit, report finds
Steam and exhaust rise from the steel mill HKM Huettenwerke Krupp Mannesmann GmbH on January 6, 2017 in Duisburg, Germany. Lukas Schulze | Getty Images More than 200 of the world’s largest listed companies forecast that climate change could cost them a combined total of almost $1 trillion, with much […]
China is ramping up its own chip industry amid a brewing tech war. That could hurt US firms
A Huawei Technologies Mate20 Pro smartphone displays an image of the company’s Kirin 980 chip. Krisztian Bocsi | Bloomberg | Getty Images China is pushing ahead with the development of its own chip industry as major firms like Huawei face the threat of losing access to American technology. Experts say […]
Walmart is going after high-school students in war for talent
A Walmart worker organizes products for Christmas season at a Walmart store in Teterboro, New Jersey. Eduardo Munoz | Reuters Walmart has a new target for talent in a tight labor market: High school students. The nation’s largest private employer, with a work force of 1.5 million people in the […]
Japan, US to hold working-level trade talks June 10-11
U.S. President Donald Trump shaking hands with Japan’s Prime Minister Shinzo Abe during delivering a speech to Japanese and U.S. troops as they aboard Japan Maritime Self-Defense Force’s (JMSDF) helicopter carrier DDH-184 Kaga at JMSDF Yokosuka base on May 28, 2019 in Yokosuka, Kanagawa, Japan. Athit Perawongmetha | Getty Images […]