WASHINGTON (AP) — China's burgeoning production of electric cars and other green technologies has become a flashpoint in a new U.S.-China trade fight, highlighted by Treasury Secretary Janet Yellen during her five-day visit to China and seized on by former President Donald Trump in incendiary remarks on the campaign trail. China has sharply ramped up its production of cheap electric vehicles, solar panels, and batteries just as the Biden administration has pushed through legislation supporting...
By W.G. Dunlop US Defense Secretary Lloyd Austin spoke with his Chinese counterpart Dong Jun via video teleconference Tuesday, in the first substantive talks between the superpowers’ defense chiefs in nearly 18 months. The United States has been working to strengthen defense cooperation with its allies in the Asia-Pacific region to counter China’s growing influence […]
Major Asia-Pacific markets traded mixed on Friday, with investors assessing economic data from Singapore and South Korea and ahead of China's awaited trade figures. Earlier, it was known that the
Asian stocks were muted as investors kept watch for possible intervention by Japanese authorities to stop the yen’s decline and awaited US inflation data later on Wednesday for clues to future interest rate moves. MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.2 per cent, after US stocks ended the previous session with […]
Manila says China's coast guard harassed local fishermen during a government food security mission last week in a disputed part of the South China Sea.Beijing, which claims most of the sea as its territory, said the Philippine vessels were "illegally" intruding at Iroquois Reef.The reef is situated at the southern end of Reed Bank in the northeastern part of the Kalayaan Island Group, which the Philippines claims as part of its province of Palawan. The feature is well within the the U.S. treaty...
Next week’s earnings reports from some of the market’s biggest technology and growth companies could prove an important test for the U.S. stock rally, which has flagged as expectations for interest cuts fade. Tesla, Meta Platforms, Alphabet and Microsoft - all set to report next week - are part of the group of companies that had been dubbed the Magnificent Seven as they led the S&P 500 to a 24% gain last year. The companies are seen as important bellwethers due to dominant positions atop their...
‘Bidenomics’ and Xi’s common prosperity share strikingly similar beliefs but because both economies are trade-linked and seek tech advancement, conflict becomes inevitable.
The FTSE 100 and major indices across Europe rose, as investors digested fresh data including Friday's US jobs report.
The FTSE 100 and major indices across Europe rose, as investors digested fresh data including Friday's US jobs report.
The FTSE 100 and major indices across Europe rose, as investors digested fresh data including Friday's US jobs report.
The FTSE 100 and major indices across Europe rose, as investors digested fresh data including Friday's US jobs report.
The FTSE 100 and major indices across Europe rose, as investors digested fresh data including Friday's US jobs report.