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☆ Alphabet tempers fears that it's falling behind in AI with blowout first-quarter results
▼ + stars: | 2024-04-25 | by ( Jennifer Elias | ) www.cnbc.com time to read: +4 min

Google CEO Sundar Pichai speaks in conversation with Emily Chang during the APEC CEO Summit at Moscone West on November 16, 2023 in San Francisco, California. There were other reasons for skepticism ahead of Alphabet's earnings report. Like Meta, Alphabet is pouring money into AI. Last month, Alphabet announced a suite of products, including Vertex AI, a no-code console for enterprise companies to build their own AI agents. With first-quarter results in the rearview mirror, Alphabet now has to keep up with heightened expectations, which will only increase as competitors roll out more generative AI products.

Persons: Sundar Pichai, Emily Chang, Ruth Porat, missteps, Investors, Mark Zuckerberg, Pichai, he's, Prabhakar Raghavan, Raghavan Organizations: APEC, Summit, Moscone West, YouTube, Nasdaq, Nvidia, Amazon, Meta, Revenue, Google, Amazon Web Services, Microsoft, rollouts Locations: San Francisco , California, San Francisco, U.S

☆ The US and China are engaging more. But that doesn't mean they trust each other more, an analyst said.
▼ + stars: | 2024-04-24 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

US and China's engagements don't mean they trust each other more, said Eurasia Group's Ian Bremmer. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . But just because they're talking more doesn't mean that they actually trust each other more, an analyst said on Wednesday. Earlier this month, Treasury Secretary Janet Yellen visited China, seeking cooperation in areas beneficial to both countries. Advertisement"It's always better to have more engagement, more conversations — especially when you don't trust each other," Bremmer said.

Persons: Ian Bremmer, —, Joe Biden, Xi Jinping, there's, Bremmer, Janet Yellen, Lloyd Austin, State Anthony Blinken, William Lai — Organizations: Service, Eurasia Group, Bloomberg, APEC, Defense, State Locations: Eurasia, Ian Bremmer . Washington, China, Taiwan, San Francisco, US, Washington, Taiwan —, Beijing

☆ Visits from Japanese and Filipino leaders highlight Biden’s efforts to blunt China’s aggression
▼ + stars: | 2024-04-09 | by ( Arlette Saenz | Kayla Tausche | ) edition.cnn.com time to read: +12 min

Biden’s week also includes an official visit for Japanese Prime Minister Kishida Fumio, reinforcing his commitment to cultivating partnerships in the Indo-Pacific in the face of China’s rising economic and military power. The historic leaders summit on Thursday between Biden, Kishida and Filipino President Ferdinand Marcos is expected to produce announcements relating to infrastructure, energy security, digital connectivity and maritime security. Meanwhile, Japan has recently loosened restrictions on the export of military technology – paving the way for deeper collaboration with like-minded allies. The first virtual meeting with the four leaders took place in March 2021 with subsequent in-person summits in the years that followed. Biden and his team also have sought to draw in smaller regional neighbors concerned about China’s military and economic aggression.

Persons: Joe Biden, Kishida, Biden, Jake Sullivan, “, Jill Biden, Kishida Yuko, They’re, Ferdinand Marcos, Marcos, ” Sullivan, ”, John Neuffer, ” Biden, ” Rahm Emanuel, Sullivan, zeroed, Japan’s, Yoshihide Suga, Korea’s, Moon Jae, Yoon Suk Yeol, Rodrigo Duterte, Donald Trump, ” Kishida Organizations: Washington CNN, Japanese, CNN, Biden White House, Australia, US Steel, APEC, Washington, Semiconductor Industry Association, Clark Air Base, Subic Naval Base, American, White, Kishida, White House, Pacific, PBS Locations: Japan, Philippines, North Korea, Ukraine, Gaza, India, South Korea, China, Manila, ’, lockstep, Netherlands, Taiwan, Beijing, Thursday’s, US, Australia, South China, South, Russia, Kishida, United States, Tokyo, Seoul, David, United Kingdom, Washington, Vietnam, U.S

☆ China is torn between wanting control of its citizens' data and growing its economy, says US ambassador
▼ + stars: | 2024-02-26 | by ( Tom Porter | ) www.businessinsider.com time to read: +3 min

The US ambassador to China, Nicholas Burns, said that China is torn between seeking foreign investment and its desire to control data about its businesses and citizens. US Ambassador to China Nicholas Burns attends a climate roundtable at the US embassy on July 8, 2023 in Beijing, China. Advertisement"You know, I think they want to control data about the Chinese people, about Chinese companies. And so, that I think is at the heart of the problem with those American companies operating in that sphere," said Burns. But on the other hand, they've raided six or seven American businesses since last March," said Burns.

Persons: —, Nicholas Burns, Lesley Stahl, Burns, China Nicholas Burns, Mintz, Xi Jinping, Joe Biden, Xi, they've Organizations: Service, Getty, Bain & Co, APEC Locations: China, Beijing, Chinese, San Francisco

☆ AI can 'disproportionately' help defend against cybersecurity threats, Google CEO Sundar Pichai says
▼ + stars: | 2024-02-23 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +5 min

Justin Sullivan | Getty Images News | Getty ImagesMunich, GERMANY — Rapid developments in artificial intelligence could help strengthen defenses against security threats in cyber space, according to Google CEO Sundar Pichai. Amid growing concerns about the potentially nefarious uses of AI, Pichai said that the intelligence tools could help governments and companies speed up the detection of — and response to — threats from hostile actors. But AI, I think actually, counterintuitively, strengthens our defense on cybersecurity," Pichai told delegates at Munich Security Conference at the end of last week. Sundar Pichai CEO at GoogleHowever, Pichai said that AI was also lowering the time needed for defenders to detect attacks and react against them. Google last week announced a new initiative offering AI tools and infrastructure investments designed to boost online security.

Persons: Sundar Pichai, Emily Chang, Justin Sullivan, Pichai, —, Hillary Clinton, Mark Hughes, DXC, Hughes, That's Organizations: APEC, Summit, Moscone West, Getty, Munich, Cybersecurity Ventures, Britain's, Cyber Security, Google, MSC, Adobe, IBM, Meta, Microsoft, Twitter, U.S, Iran's, Guard, CNBC Locations: San Francisco , California, San Francisco, Munich, GERMANY, cybersecurity, GCHQ, Russia, China, Iran

☆ UK defense secretary says a Russian victory in the Ukraine war would 'signal to China that everything is up for grabs'
▼ + stars: | 2024-01-25 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +2 min

Read previewA Russian victory in Ukraine could embolden China, the UK's defense secretary, Grant Shapps, said on Wednesday. This story is available exclusively to Business Insider subscribers. Shapps was calling for continued support from the West for Ukraine in an op-ed for Politico, which was published Wednesday. During last year's APEC summit, Chinese leader Xi Jinping reportedly told President Joe Biden that China intended to take over Taiwan. Representatives for China's foreign ministry did not immediately respond to a request for comment from Business Insider sent outside regular business hours.

Persons: —, Grant Shapps, Shapps, Putin, Donald Trump, William Burns, Burns, Xi Jinping, Joe Biden, Liu Pengyu, Liu Organizations: Service, Business, West, Politico, CIA, NBC, APEC, China's Embassy, Newsweek, Business Insider Locations: Ukraine, China, Russia's, Russia, Taiwan, Washington

☆ Xi Jinping is in a battle with China's own military, and the outcome could drag the US into WWIII
▼ + stars: | 2024-01-15 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +6 min

Xi Jinping is in a struggle with China's military, purging senior commanders to reshape it. A Chinese invasion somewhere like Taiwan could drag the US into a Third World War, one analyst said. AdvertisementXi Jinping is fighting with China's own military, seeking to purge commanders he sees as unwilling or unable to go to war, military analysts told Business Insider. Since taking power in 2012, Xi has overhauled China's military by cutting deep into its personnel, seeking to improve military-civilian cooperation, and reshaping its structure, among other reforms. A Chinese invasion in East Asia would drag Western countries into something larger, he predicted.

Persons: Xi Jinping, —, Gordon Chang, Chang, Xi, Liu Yazhou, Joel Wuthnow, Wuthnow, Biden, Vladimir, Jinping Organizations: Service, Gatestone Institute, Air Force, BI, Center, Chinese Military Affairs, National Defense University, China's, Force, PLA, Navy, NBC News, APEC, WWIII Locations: Taiwan, China, Washington , DC, India, Japan, East China, Philippines, South China, San Francisco, Ukraine, Russia, insurgencies, Africa, Gaza, Red, Persian Gulf, East Asia, Israel, United States

☆ Taiwan made its choice on who will lead it into an uncertain future as China remains hellbent on controlling it, and tough times may lie ahead
▼ + stars: | 2024-01-13 | by ( Chris Panella | ) www.businessinsider.com time to read: +11 min

Read previewTaiwan has elected its new president, the Democratic Progressive Party's Lai Ching-te, who is also the current Vice President. While experts still assess that an invasion of Taiwan remains unlikely in the near future, that doesn't diminish concerns about other ways China could squeeze the island. AdvertisementTaiwan's Vice President and presidential candidate for the ruling Democratic Progressive Party (DPP) Lai Ching-te (C) casts his ballot to vote on January 13, 2024, in Tainan, Taiwan. Nevertheless, the win marks the first time a political party in Taiwan has won a presidential election three times in a row. The supporters of Democratic Progressive Party (DPP) cheer at an election campaign on January 12, 2024 in Tainan, Taiwan.

Persons: —, Party's Lai Ching, Lai's, Lai, Tsai Ing, Lai Ching, Tsai, Getty Images Lai, Hou, Ko Wen, Amanda Hsiao, Annabelle Chih, Nancy Pelosi, flack, Annice Lyn, He's, Hsiao, Hao, Hou Yu, Beijing's, Chuan Kang, Xi Jinping, It'll, Joe Biden's, Xi, Biden, it's, BRENDAN SMIALOWSKI Organizations: Service, Democratic, Taiwan, Business, Democratic Progressive Party, Getty Images, ih, Taiwan's People Party, Kuomintang, KMT, Getty, Washington, NBC, US, People's Liberation Army Locations: Taiwan, China, Beijing, Taipei, New Taipei City, AFP, Tainan, Taichung, Taipei , Washington, San Francisco

☆ China will make foreign investment easier, vice premier tells foreign executives
▼ + stars: | 2024-01-11 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +1 min

Secretary Yellen and Vice Premier Lifeng will hold meetings ahead of the APEC summit being held in San Francisco. (Photo by Justin Sullivan/Getty Images)BEIJING — Chinese Vice Premier He Lifeng met with global financial executives Wednesday and pledged to make it easier for foreign institutions to invest in the country, state media said. Vice Premier He is also director of the office of the Central Commission for Financial and Economic Affairs. "China will continue to deepen the reform and two-way opening-up of its capital market, facilitate cross-border investment and financing, and attract more foreign financial institutions and long-term capital to China," He reportedly said at the meeting, according to state news agency Xinhua. China has gradually allowed foreign financial institutions to take majority control of their local operations.

Persons: Janet Yellen, Yellen, Lifeng, Justin Sullivan, Goldman Sachs Organizations: FRANCISCO, People’s, Ritz Carlton Hotel, APEC, Central Commission, Financial, Economic Affairs, U.S, Xinhua Locations: CALIFORNIA, People’s Republic of China, San Francisco , California, San Francisco, BEIJING, China

☆ Tesla's China-made EV sales fall 17.8% in Nov, biggest drop since Dec 2022
▼ + stars: | 2023-12-04 | by ( ) www.reuters.com time to read: +2 min

BEIJING/SHANGHAI, Dec 4 (Reuters) - Sales of U.S. automaker Tesla's (TSLA.O) China-made electric vehicles (EVs) skidded 17.8% in November from the same month a year earlier, to 82,432 cars, China Passenger Car Association (CPCA) data showed on Monday. That marked the biggest fall since December 2022 when Tesla's sales of China-made EVs fell 21% on the year as the U.S. automaker reduced output and cut prices to deal with rising inventories and weakening demand. Xi expressed his support for Tesla's development in China, the automaker said in a Weibo post. Li Auto (2015.HK) last month said mass production and delivery of its first full EV are scheduled for February. Smartphone maker Xiaomi (1810.HK) has also moved closer to EV production, with a unit of automaker BAIC Group (1958.HK) applying for regulatory approval to build two Xiaomi-branded cars.

Persons: Tesla's, EVs, BYD, Tesla, Elon Musk's, Musk, Xi Jinping, Xi, Li Auto, Qiaoyi Li, Zhang Yan, Brenda Goh, Bernadette Baum, Kirsten Donovan Organizations: U.S, China Passenger Car Association, APEC, Reuters, Li, HK, BAIC Group, Thomson Locations: BEIJING, SHANGHAI, China, San Francisco, Weibo

☆ Biden and Xi are glaringly absent from the UN's climate summit. That doesn't bode well for the world.
▼ + stars: | 2023-12-01 | by ( Tom Porter | ) www.businessinsider.com time to read: +5 min

World leaders are gathering in the UAE for the COP28 climate change summit. But President Joe Biden and Xi Jinping of China will be absent. But the leaders of the world's biggest polluting nations — President Joe Biden and China's leader Xi Jinping — will be conspicuous by their absence. AdvertisementA man walks past a COP28 sign during the United Nations climate summit in Dubai on December 1, 2023. Xi and Biden are doing little to signal their commitment to sharing the burden of reducing the climate crisis equally by not attending the summit, say critics.

Persons: Joe Biden, Xi, King Charles, Pope Francis, Xi Jinping, LUDOVIC MARIN, Biden, Kamala Harris, John Kerry, Xie Zhenhua, Tom Evans, Evans, Sultan Al Jaber, Kerry Organizations: Service, United Arab Emirates, White, Sunday, US, Democratic, APEC, BBC, Climate, Business, Sierra Club Locations: UAE, China, United Nations, Dubai, Biden's, Xi, San Francisco

☆ Op-ed: Europe is leaving a void in a multipolar world
▼ + stars: | 2023-11-30 | by ( Kevin Klowden | Chief Global Strategist At The Milken Institute | ) www.cnbc.com time to read: +5 min

The Russian invasion of Ukraine only three months later served to provide an immediate driver for greater political unity within Europe. China, Russia and even the United States under Donald Trump have expressed dissatisfaction with institutions such as the World Trade Organization, the G7 and the United Nations. watch nowThe void is particularly apparent at the WTO, where the lack of European leadership on trade as the U.S. turned inward is particularly felt. Perhaps nothing shows the consequences of the lack of European strength in preserving these institutions than the Russian invasion of Ukraine. However, the combination of a split over Ukraine, and internal divisions within Europe, have prevented any way for Europe to play a key role with China.

Persons: Emmanuel Macron, Ursula von der Leyenââ, Pedro Sanchez Perez, Klaus Iohannis, Chancellor, Germany, Olaf Scholz, Charles Michel, Dursun, Angela Merkel, Donald Trump, Vladimir Putin, Merkel, Ursula von der Leyen, Xi Jinping Organizations: European Commission, European, European Union, Anadolu Agency, Getty, World Trade Organization, United Nations, WTO, EU, NATO, APEC Locations: Spain, Romania, Brussels, Belgium, United States, China, Europe, Russia, Ukraine, Israel, U.S, Germany, Moscow, India, Southeast Asia, EU, East, Africa

[1/6] Chinese Premier Li Qiang speaks at the opening ceremony of the first China International Supply Chain Expo (CISCE) in Beijing, China November 28, 2023. "We are willing to build closer production and industrial supply chain partnerships with all countries," Li told the first China International Supply Chain Expo (CISCE), adding that the international community needs to be "more wary of the challenges and risks brought about by protectionism and uncontrolled globalisation." The expo, organised by the state-run China Council for the Promotion of International Trade (CCPIT), is Beijing's latest bid to increase foreign investment in China, which has dropped to historic lows. Despite this decrease, China remains an attractive option: a survey conducted by HSBC bank at the China International Import Expo (CIIE) earlier this month showed 45% of firms expect to expand their supply chain in China over the next year. Zhang Shaogang, a CCPIT official who was part of the Chinese delegation at the APEC summit, said last week that 20% of the foreign firms exhibiting at the supply chain expo were U.S.-based, and included Amazon (AMZN.O), Apple (AAPL.O), Tesla (TSLA.O), and Intel (INTC.O).

Persons: Li Qiang, Florence Lo, Premier Li Qiang, Li, Dan Marks, Xi Jinping, Joe Biden, Zhang Shaogang, Zhang, Eduardo Baptista, Joe Cash, Jamie Freed, Miral Organizations: China International, Chain, REUTERS, Premier, European Union, China Council, Promotion of International Trade, HSBC, China, Royal United Services, Economic Cooperation, APEC, Apple, Intel, Thomson Locations: Beijing, China, EU, BEIJING, United States, Ukraine, Taiwan, India, Mexico, Vietnam, U.S, Asia

☆ With crises brewing around the world, the US's diplomatic 'special agents' are sharpening old skills and learning some new ones
▼ + stars: | 2023-11-23 | by ( Stavros Atlamazoglou | ) www.businessinsider.com time to read: +7 min

The State Department relies on its Diplomatic Security Service to protect diplomats around the world. To protect those diplomats, the State Department relies on a little-known but highly capable agency — the Diplomatic Security Service. US State DepartmentAs the State Department's law-enforcement and security arm, the Diplomatic Security Service has been protecting US diplomats at home and abroad since 1916. "Through the council, the State Department can exchange information in real-time with hundreds of private businesses, faith-based organizations, and other US entities," a State Department spokesperson told Insider. Diplomatic Security ServiceFollowing a string of high-profile cyberattacks against government agencies and private businesses, US national-security officials are increasingly focused on cybersecurity.

Persons: —, Anatolii Organizations: Diplomatic Security Service, DSS, Service, UN, Assembly, US State Department As, State, State Department, Mobile Security, Mobile, Foreign Affairs Security Training Center, US Department of State Regional, US, Overseas Security Advisory Council, Publishing, Getty, Operations Command, Foreign Affairs Counter, APEC, Diplomatic Security, State Department's, Department of Homeland Security, Management, Budget Locations: Ukraine, China, Taiwan, State, Virginia, Kyiv, Russia, San Francisco

☆ South Korea's Yoon seeks stronger economic, security ties on UK state visit
▼ + stars: | 2023-11-20 | by ( ) www.reuters.com time to read: +2 min

[1/2] South Korea's President Yoon Suk Yeol speaks during a summit discussion, on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit, at the Stanford, California, U.S., November 17, 2023. REUTERS/Brittany Hosea-Small/File photo Acquire Licensing RightsSEOUL, Nov 20 (Reuters) - South Korean President Yoon Suk Yeol heads to Britain on Monday for a state visit, hoping to boost economic ties and enhance security partnerships to counter North Korea's evolving threats and other regional challenges. Yoon will receive a guard of honour and ride in a carriage procession to Buckingham Palace, according to the palace. Yoon has expressed hope for deeper cooperation with Britain on an "array of geopolitical risks" including supply chains and energy security, the Telegraph said. From Britain, Yoon will head to France for a visit aimed at bolstering support for South Korea's hosting the 2030 World Expo, his office said.

Persons: Yoon Suk Yeol, Brittany Hosea, Yoon Suk, King Charles, Yoon, Rishi Sunak, Yoon's, Lee, woon, Soo, Choi, Ed Davies, Gerry Doyle Organizations: South, Economic Cooperation, Stanford, REUTERS, Rights, Britain, The Telegraph, West, Telegraph, APEC, International, Thomson Locations: Asia, California, U.S, Rights SEOUL, Britain, North Korea, Ukraine, Gaza, Russia, South China, Buckingham, San Francisco, France, Paris

☆ Australian leader Albanese accuses Chinese navy of ‘dangerous’ conduct
▼ + stars: | 2023-11-20 | by ( Nectar Gan | Brad Lendon | ) edition.cnn.com time to read: +5 min

CNN —Australian Prime Minister Anthony Albanese has accused the Chinese navy of “dangerous, unsafe and unprofessional” conduct after an incident in international waters near Japan, marking a potential friction point with Beijing weeks after he visited the Chinese capital to stabilize relations. Australian divers aboard the long-range frigate HMAS Toowoomba were trying to clear fishing nets from its propellers on November 14 when a Chinese destroyer approached, Defense Minister Richard Marles said in a statement Saturday. Despite being warned that a diving operation was underway, the Chinese destroyer operated its sonar in a manner that “posed a risk to the safety of the Australian divers,” the statement said. In the Sky News interview, Albanese sidestepped a question on whether the incident will make bilateral relations “look shaky” now. And this is one of those times where we disagree with the action of China,” Albanese said.

Persons: Anthony Albanese, Richard Marles, Albanese, ” Albanese, Xi Jinping, “, ”, “ We’ve, Marles, Ray Powell, SeaLight, Powell, ” Powell Organizations: CNN, Australian, Defense, Sky News, APEC, China’s Defense Ministry, Liberation Army Navy, PLA Navy, Military, United, “ Defense, National Security, Stanford University, US Air Force Locations: Japan, Beijing, Toowoomba, Chinese, China, San Fransisco, London, United Nations, Australia, East, South China, South, Canada, Australian

☆ In ousting CEO Sam Altman, ChatGPT loses its best fundraiser
▼ + stars: | 2023-11-18 | by ( Greg Bensinger | Thomson Reuters | Greg Bensinger Joined Reuters As A Technology Correspondent In Focusing On The World'S Largest Technology Companies. He Was Previously A Member Of The New York Times Editorial Board | ) www.reuters.com time to read: +4 min

OpenAI CEO Sam Altman testifies before a Senate Judiciary Privacy, Technology & the Law Subcommittee hearing titled 'Oversight of A.I. But on Friday it was the earnest Altman who was upended after OpenAI’s board, in a surprise move, stripped him of his CEO title and directorship. Directors of the company, now worth about $80 billion, cited a failure to be "consistently candid in his communications." Further details of what finally led to the ouster of Altman were not immediately clear Friday. “You and a small group of rebels get the space to solve an important problem that might otherwise not get solved."

Persons: Sam Altman, Elizabeth Frantz, Sam Altman’s, Altman, Elon Musk’s, “, what’s, ” Altman, Satya Nadella, OpenAI, ”, Greg Bensinger, Diane Craft Organizations: Privacy, Technology, Intelligence, REUTERS, Microsoft, Wednesday, Google, Stanford, Thomson Locations: Washington , U.S, OpenAI, San Francisco, St, Louis , Missouri

☆ Philippines' Marcos meets China's Xi to find ways to reduce South China Sea tensions
▼ + stars: | 2023-11-18 | by ( Neil Jerome Morales | ) www.reuters.com time to read: +2 min

The Philippines and China need to continue to communicate, with the meeting a key part of the process to maintain peace, and keep open sea lanes and airways over the South China Sea, Marcos told reporters on the sidelines of the APEC Summit in San Francisco. "We tried to come up with mechanisms to lower the tensions in the South China Sea," Marcos said, without elaborating. Marcos said he and Xi were in agreement that geopolitical problems should not be the defining element of the two countries' relationship. Marcos granted the United States greater access to its military bases, including in provinces facing the South China Sea and democratically-ruled Taiwan, drawing the ire of Beijing. China claims almost the entire South China Sea, ignoring a 2016 ruling by the Permanent Court of Arbitration that invalidated Beijing's expansive claim.

Persons: Xi Jinping, Ferdinand Marcos Jr, Marcos, Xi, Neil Jerome Morales, Kim Coghill Organizations: of, People, cnsphoto, REUTERS, APEC, coastguard, Sea, Thomson Locations: Philippine, Beijing, China, South China, Marcos China, MANILA, South, Philippines, San Francisco, United States, Taiwan, China's, Manila

☆ Exclusive: IMF chief says Biden-Xi engagement an important signal for world to cooperate
▼ + stars: | 2023-11-18 | by ( David Lawder | ) www.reuters.com time to read: +4 min

The Biden-Xi meeting is "important at a time when geo-economic fragmentation has indeed deepened with negative consequences for the prospects for accelerating growth," Georgieva said. U.S.-China engagement also will be an important factor on negotiations over World Trade Organization reform, including restoration of its dispute settlement system. "We are already seeing the impact of antisemitism and Islamophobia, raising their ugly heads all over the world. IMF SHAREHOLDING REFORMSU.S. Treasury Secretary Janet Yellen said during meetings last week with her Chinese counterpart that a key outcome of U.S.-China economic engagement was Beijing's support for a 50% increase in IMF quota-based resources, without an immediate rise in shareholding for China. Georgieva said it was important for the IMF to start quickly on revamping its shareholding formula to boost the representation of fast-growing developing economies: "The world needs an IMF that is financially strong, and that is also legitimate."

Persons: Joe Biden, Kristalina, Dina Boluarte, Loren Elliott, Kristalina Georgieva, Xi Jinping, Georgieva, Biden, Xi, Janet Yellen, David Lawder, Chris Reese, Tom Hogue Organizations: International Monetary Fund, Economic Cooperation, REUTERS, FRANCISCO, Monetary Fund, Reuters, Biden, U.S ., APEC, U.S, World Trade Organization, United, Hamas, IMF, Treasury, Thomson Locations: Asia, San Francisco , California, U.S, China, United Arab Emirates, GAZA, Gaza, Egypt, Lebanon, Jordan, Israel

☆ Philippines' Marcos, China's Xi to discuss tensions, way forward in South China Sea
▼ + stars: | 2023-11-17 | by ( ) www.reuters.com time to read: +2 min

Ferdinand Marcos Jr. President of the Philippines attends the Asia-Pacific Economic Cooperation (APEC) CEO Summit in San Francisco, California, U.S., November 15, 2023. Manila refers to the part of the South China Sea that it claims as the West Philippine Sea. Marcos said he also discussed South China Sea issues with U.S. Vice President Kamala Harris. China claims sovereignty over nearly the entire South China Sea, pointing to a line on its maps that cuts into the exclusive economic zones of Vietnam, the Philippines, Malaysia, Brunei and Indonesia. The Philippines' foreign ministry on Thursday committed to continue resupply missions and an "upkeep" of a grounded navy ship in a disputed South China Sea atoll, saying it does not have to give prior notice to China.

Persons: Ferdinand Marcos Jr, Carlos Barria, Xi Jinping, Marcos, Xi, Kamala Harris, Neil Jerome Morales, Shri Navaratnam, Michael Perry Organizations: Economic Cooperation, REUTERS, Rights, APEC, South China, West, U.S, The, of Foreign Affairs, Thomson Locations: Philippines, Asia, San Francisco , California, U.S, Rights MANILA, San Francisco, South China, West Philippine, Manila, South, China, China's, Vietnam, Malaysia, Brunei, Indonesia, Taiwan, Beijing

☆ US, Indo-Pacific partners need to 'recalibrate' trade talks -USTR's Bianchi
▼ + stars: | 2023-11-17 | by ( David Lawder | ) www.reuters.com time to read: +3 min

"We’ve got to recalibrate in the new year with our partners," Bianchi said in an interview on the sidelines of the Asia Pacific Economic Cooperation summit in San Francisco. USTR said later in a statement that it was seeing progress in the trade negotiations on trade facilitation, agriculture, technical assistance and economic cooperation. Senator Sherrod Brown, a Democrat facing a tough re-election fight in the industrial state of Ohio, last week demanded that Biden drop the trade pillar from the Indo-Pacific initiative. Brown on Wednesday claimed responsibility for the stalling IPEF trade pillar by insisting on enforceable labor provisions. Bianchi said some of the other 12 IPEF countries in the trade talks "prefer a different approach" on labor and environment chapters, but they support continued negotiations on trade.

Persons: Carlos Barria, Sarah Bianchi, We’ve, Bianchi, USTR, Joe Biden, Sherrod Brown, Biden, Brown, David Lawder, David Gregorio, Raju Gopalakrishnan Organizations: APEC, Economic Cooperation, REUTERS, FRANCISCO, Economic, U.S . Trade, Reuters, Asia Pacific Economic Cooperation, Pacific Partnership, Democrat, U.S ., Partners, Thomson Locations: Asia, Pacific, San Francisco , California, U.S, San Francisco, Ohio, Vietnam, Indonesia, Canada, Mexico

U.S. President Joe Biden delivers remarks at the Leaders Retreat during the Asia-Pacific Economic Cooperation (APEC) Summit in San Francisco, California, U.S., November 17, 2023. REUTERS/Loren Elliott Acquire Licensing RightsSAN FRANCISCO, Nov 17 (Reuters) - U.S. President Joe Biden on Friday urged Asia-Pacific economies to work together to ensure that artificial intelligence (AI) brings change for the better, not to abuse workers or limit potential. Addressing the final session of a two-day summit of the 21-member Asia Pacific Economic Cooperation (APEC) forum in San Francisco, Biden said he had briefly discussed AI with Chinese President Xi Jinping in talks on the sidelines of APEC on Wednesday. The steps, he said, included committing to ensuring the security of AI systems before releasing them to the public, watermarking AI-generated content to show it has been generated by artificial intelligence and minimizing the risk AI systems posed to society, such as by promoting bias or discrimination. Meanwhile, Washington was expanding grants for AI research in key areas like healthcare and climate change, he said.

Persons: Joe Biden, Loren Elliott, Biden, Xi Jinping, we've, Xi, David Brunnstrom, Don Durfee, Cynthia Osterman Organizations: Economic Cooperation, REUTERS, FRANCISCO, Asia, APEC, Wednesday, Thomson Locations: Asia, San Francisco , California, U.S, Pacific, San Francisco, United States, Washington

☆ Canada PM says he hopes to meet China's Xi one day once tensions defused
▼ + stars: | 2023-11-17 | by ( ) www.reuters.com time to read: +2 min

Chinese President Xi Jinping and Canada's Prime Minister Justin Trudeau pose for a family photo during Asia-Pacific Economic Cooperation (APEC) CEO Summit in San Francisco, California, U.S. November 16, 2023. REUTERS/Carlos Barria Acquire Licensing RightsOTTAWA, Nov 17 (Reuters) - Canadian Prime Minister Justin Trudeau on Friday said he hoped to meet Chinese President Xi Jinping once the two sides had put in the work needed to repair badly strained bilateral ties. China and Canada have had poor relations for years amid disagreements over human rights and complaints by Ottawa about alleged Chinese interference in the last two elections. Xi had a four-hour meeting with President Joe Biden on the sidelines of the APEC summit. Biden subsequently said he had not changed his view that Xi was effectively a dictator.

Persons: Xi Jinping, Justin Trudeau, Carlos Barria, Trudeau, Xi, Joe Biden, Biden, David Ljunggren, Diane Craft Organizations: Canada's, Economic Cooperation, REUTERS, Rights OTTAWA, Canadian, APEC, Thomson Locations: Asia, San Francisco , California, U.S, China, Canada, Ottawa, San Francisco

☆ Xi revealed the extent of China's economic woes by the speed at which he caved to some of Biden's demands
▼ + stars: | 2023-11-17 | by ( Tom Porter | ) www.businessinsider.com time to read: +5 min

China's Xi Jinping and President Joe Biden had their first meeting in a year this week. Xi entered the talks in an unfamiliar position of weakness amid China's economic woes. It was a stark contrast to recent public remarks by the Chinese president, where he sought to blame crises and conflicts across the globe on US meddling. The New York Times noted just how quickly Xi agreed to the demands, with previous US-China deals brokered after days of painstaking diplomatic negotiations. Though Xi is hoping for a short-term decrease in tensions, Chinese economic woes are unlikely to have altered his long-term calculations.

Persons: China's Xi Jinping, Joe Biden, Xi, —, Xi Jinping, Biden, Patricia Kim, Nancy Pelosi's, he'd, Robert Daly, Wilson, Vladimir Putin Organizations: Service, APEC, Center for East Asia Policy Studies, Biden, UAE ., New York Times, Associated Press, Institute, Russian, The New York Times Locations: San Francisco, China, United States, UAE, Taiwan, Beijing, Russia, Ukraine, East, Iran, Gaza, Washington

☆ Philippines' Marcos Meets China's Xi to Find Ways to Reduce South China Sea Tensions
▼ + stars: | 2023-11-17 | by ( Nov. | At P.M. | ) www.usnews.com time to read: +2 min

By Neil Jerome MoralesMANILA (Reuters) -Philippine President Ferdinand Marcos Jr met with Chinese President Xi Jinping on Saturday, seeking ways to come up with ways to reduce tensions in the South China Sea and restore Filipino fishermen's access to fishing grounds. The Philippines and China need to continue to communicate, with the meeting a key part of the process to maintain peace, and keep open sea lanes and airways over the South China Sea, Marcos told reporters on the sidelines of the APEC Summit in San Francisco. "We tried to come up with mechanisms to lower the tensions in the South China Sea," Marcos said, without elaborating. Marcos granted the United States greater access to its military bases, including in provinces facing the South China Sea and democratically-ruled Taiwan, drawing the ire of Beijing. China claims almost the entire South China Sea, ignoring a 2016 ruling by the Permanent Court of Arbitration that invalidated Beijing's expansive claim.

Persons: Neil Jerome Morales MANILA, Ferdinand Marcos Jr, Xi Jinping, Marcos, Xi, Neil Jerome Morales, Kim Coghill Organizations: APEC, coastguard, Sea Locations: Philippine, South, Philippines, China, South China, San Francisco, United States, Beijing, Taiwan, China's, Manila

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