DIRS.INFO The most relevant business & tech news

U.S. President Joe Biden and China’s Xi Jinping, who met in San Francisco on Wednesday, may disagree on the terminology. Barely half the manufactured goods imported into the United States from low-cost Asian countries now come from China. Chinese firms have raised just $529 million from initial and secondary stock offerings in the United States in the year to mid-October. But the conscious decoupling between the U.S. and China looks set to continue. Follow @ugalani and @a_fitri_alias on XCONTEXT NEWSU.S. President Joe Biden and Chinese President Xi Jinping met on Nov. 15 in San Francisco on the sidelines of the Asia-Pacific Economic Cooperation forum.

Persons: Xi, Joe Biden, Kevin Lamarque, friendshoring, China’s Xi Jinping, Breakingviews, Donald Trump, China’s ByteDance, Reuters Graphics Reuters Graphics Goldman Sachs, Xi Jinping, Una, Peter Thal Larsen, Oliver Taslic, Thomas Shum Organizations: U.S, Economic Cooperation, REUTERS, Rights, Reuters, People’s Republic . U.S, People’s, World Trade Organization, Reuters Graphics Reuters, FRAYING FINANCE, U.S . Federal Reserve, Federal, Investment Board, HK, Republican, Reuters Graphics Apple, United, Reuters Graphics Reuters Graphics, Thomson Locations: Filoli, Asia, Woodside , California, U.S, Rights MUMBAI, United States, China, Washington, People’s Republic ., San Francisco, People’s Republic, Southeast Asia, Hong Kong, That’s, New York, Greater China, India, TAIWAN, Taiwan, Una Galani, Mumbai, London

☆ On sidelines of APEC Summit, Xi Jinping vows to be a ‘partner and friend’ of the US
▼ + stars: | 2023-11-16 | by ( Nectar Gan | Juliana Liu | ) edition.cnn.com time to read: +7 min

CNN —China is willing to be “a partner and a friend” of the United States, Chinese leader Xi Jinping told American business leaders in San Francisco on Wednesday, as he sought to court US businesses amid a decline in foreign investment in China. “China is willing to be a partner and friend of the United States,” he added. China is happy to see a confident, open and prosperous US,” Xi said. Xi recalled entering the US on that trip through San Fransisco, which he said formed his “first impression” of America. Under Xi, China has further expanded the scope of its anti-espionage law, raided US consultancy and due-diligence firms and detained executives in the name of national security, sending a chill through the foreign business community.

Persons: Xi Jinping, Xi, ” Xi, Tim Cook, Elon Musk, Joe Biden, ”, Biden, Dexter Roberts, Roberts, “, ’ “ Liu Dongshu, ” Liu, Fred Hu, ” Hu, China “ Organizations: CNN, Economic Cooperation, Apple, Tesla, US, China Business Council, National Committee, China Relations, Flying Tigers, Mansfield Center, University of Montana, City University of Hong, Primavera Capital Group, Bloomberg, Economy, China Locations: China, United States, San Francisco, Asia, Japan, Iowa, America, San Fransisco, City University of Hong Kong, Xi, Singapore

Chhetri is one of Israel’s approximately 110,000 registered migrant workers; tens of thousands of other foreign workers lack a permit, often having entered as tourists or overstayed their visas, according to workers’ rights organization Kav LaOved. Pranita Chhetri, who moved from India seven months ago and is a caretaker in northern Israel, considers Israel a safe country for foreign workers despite the Israel-Hamas war. (Michele Chabin)When Hamas terrorists massacred 1,200 people and took more than 200 others hostage last month, they didn’t spare migrant workers. With so many Israeli farmers killed or kidnapped, the workers didn’t know where to turn for help, she says. While it may sound counterintuitive right now, Chhetri insists that Israel “is a safe country for foreign workers.

Persons: JERUSALEM, Pranita Chhetri, Chhetri, ”, Esther, Yad Sarah, Kav, Michele Chabin, Shira Abbo, Eldose, Yahel Kurlander, ” Kurlander, “, Abbo, Assia Ladizhinskaya, Kav LaOved, “ Israel, ” Abbo, ” Umkudiyil, “ don’t, Israel “ Organizations: Hamas, Hotline, Refugees and Migrants, Hai, ” Locations: Gaza, Israel, India, Kiryat Shmona, Lebanon, Jerusalem, Philippines, Sri Lanka, Ukraine, Tel Aviv, Thailand, Nepal, China, Moldova, Tel, Bangkok, Ashkelon

☆ Mass visa cancellations at Saudi airport puts relations with Nigeria in spotlight
▼ + stars: | 2023-11-16 | by ( Nimi Princewill | ) edition.cnn.com time to read: +5 min

Abuja, Nigeria CNN —Diplomatic relations between Saudi Arabia and Nigeria have come under scrutiny after 177 Nigerians were refused entry to the country on Monday. The mass cancellation of visas occurred as Nigera’s President Bola Tinubu was still in Saudi Arabia after holding bilateral talks with the Saudi government. “There was a total lack of sensitivity (by Saudi officials) because the president (of Nigeria) was visiting that country,” Okhai said. Saudi Arabia is a popular pilgrimage destination for thousands of Nigerian Muslims. However, Monday’s deportation of Nigerian nationals is not the first time travelers have been refused entry to Saudi Arabia.

Persons: Bola Tinubu, It’s, ”, ” Victor Okhai, ” Okhai, Reno Omokiri, ” Omokri, Mohamed bin Zayed Al Nahyan Organizations: Nigeria CNN —, Air, country’s Ministry, Hajj, Saudi, Jeddah …, Africa Summit, Guinea Bissau, African Diaspora Foundation, CNN, United Arab Emirates, UAE, reoccurrence Locations: Abuja, Nigeria, Saudi Arabia, Jeddah, Mecca, Saudi, Guinea, Independence, Kingdom of Saudi Arabia

☆ Azerbaijan snubs Armenia meeting in Washington, accusing US of bias
▼ + stars: | 2023-11-16 | by ( ) www.reuters.com time to read: +2 min

Refugees from Nagorno-Karabakh region ride in a truck upon their arrival at the border village of Kornidzor, Armenia, September 27, 2023. REUTERS/Irakli Gedenidze/File Photo Acquire Licensing RightsNov 16 (Reuters) - Azerbaijan's foreign ministry said on Thursday it could not take part in a meeting with Armenia's foreign minister planned for Nov. 20 in Washington because of the "one-sided approach of the United States". Azerbaijan objected in particular to "one-sided and biased" comments on Wednesday by U.S. Assistant Secretary of State James O’Brien to the House Foreign Affairs Committee. It complained that O'Brien did not mention that "for more than two months Armenia has not been responding" to Azerbaijani peace proposals. The Azerbaijani statement also said Washington was continuing to offer support to Armenia even though Armenia was "an aggressor and a destabilizing source in the region".

Persons: Irakli, Nikol Pashinyan, State James O’Brien, O'Brien, Washington, Ali Asadov, Kevin Liffey, Mark Trevelyan Organizations: REUTERS, Russia's TASS, U.S, State, House Foreign Affairs Committee, U.S ., Reuters, Thomson Locations: Nagorno, Karabakh, Kornidzor, Armenia, Washington, United States, Baku, Azerbaijan, U.S, Tbilisi, Yerevan

☆ US, Japan and South Korea leaders hold brief meeting at APEC
▼ + stars: | 2023-11-16 | by ( ) www.reuters.com time to read: +2 min

[1/2] Ethan Rosenzweig, Acting Chief of Protocol shakes hands greeting Japan's Prime Minister Fumio Kishida for a welcome reception for Asia-Pacific Economic Cooperation (APEC) leaders in San Francisco, California, U.S., November 15, 2023. The leaders posed for a photograph together before leaving without making remarks at the Asia-Pacific Economic Cooperation (APEC) summit, news agency Yonhap reported. The brief meeting comes three months after the leaders met at Camp David in August for talks. Yoon and Kishida promised to push for deeper cooperation in a separate meeting earlier Friday, Yoon's office said. The pair met on Thursday, a day before they were due to attend a roundtable on technological cooperation at Stanford University.

Persons: Ethan Rosenzweig, Japan's, Fumio Kishida, Loren Elliott, Yoon Suk Yeol, Joe Biden, Yonhap, Camp David, Yoon, Kishida, Yoon's, Biden, Josh Smith, Sam Holmes, Christopher Cushing, Gerry Doyle Organizations: Economic Cooperation, REUTERS, Rights, U.S, Japanese, Camp, Stanford University, Nikkei, Thomson Locations: Asia, San Francisco , California, U.S, Rights SEOUL, San Francisco, United States, Japan, North Korea, South, Seoul

☆ Analysis: Xi signals shift in tone for China on US – but can it last?
▼ + stars: | 2023-11-16 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +9 min

This reversal comes as China grapples with a troubled economy and is keen to highlight Xi as a powerful and capable world leader. Xi’s opticsOn Chinese state media and across social media platforms, where the hashtag #Planet-Earth-Is-Big-Enough-For-Both-China-And-The-US was trending, the broad perception appeared to be of a job well done. The positive coverage of the event was a break from the typical rhetoric critical of the US that often plays across Chinese state and social media. US President Joe Biden and Chinese leader Xi Jinping walk together during their bilateral meeting. “China will eventually achieve reunification, and will inevitably achieve reunification,” Xi was quoted as saying — another line that was also trending on Chinese social media following the meeting.

Persons: Xi Jinping, Joe Biden, Biden, ”, Antony Blinken, Mao Ning, It’s, Xi, “, Xi’s, Alfred Wu, Lee, Wang Yi, Wang, ” Wang, ” Xi, Tim Cook, Elon Musk, Brendan Smialowski, Liu Dongshu, Biden’s Organizations: Hong Kong CNN, Foreign Ministry, Lee Kuan Yew, of Public Policy, China’s, Economic Cooperation, Apple, Tesla, Getty, Communist Party, Beijing, City University of Hong Locations: China, Hong Kong, United States, Beijing, Washington, Bay, San Francisco Bay Area, Taiwan, Singapore, California, America, Asia, AFP, City University of Hong Kong

☆ Israel, Gaza and What We Get Wrong - The New York Times
▼ + stars: | 2023-11-15 | by ( Nicholas Kristof | ) www.nytimes.com time to read: +8 min

We’ve reached a searing milestone: In just five weeks of war, half of 1 percent of Gaza’s population has been killed. The second myth is that Palestinians can be put off indefinitely, strung along by Israel, the United States and other countries. I’m all for surgical strikes against Hamas and I would be delighted if Israel managed to end extremism in Gaza. It also means renouncing what Netanyahu called “mighty vengeance” that transforms entire neighborhoods of Gaza into rubble, with bodies buried underneath. If you weep only for Israeli children, or only for Palestinian children, you have a problem that goes beyond your tear ducts.

Persons: —, We’ve, Benjamin Netanyahu’s, Isaac Herzog, Israel, Roy Grow, Mohammed Alshannat, ”, Netanyahu, don’t Organizations: Hamas, Health Ministry, United Nations, Bank, Carleton College Locations: Gaza, Yemen, Syria, Western Sahara, Xinjiang, Israel, United States, Palestinian, Palestine, Saudi Arabia

☆ US commerce secretary says closed three 'pillars' of Indo-Pacific talks
▼ + stars: | 2023-11-15 | by ( David Lawder | ) www.reuters.com time to read: +2 min

U.S. Commerce Secretary Gina Raimondo addresses the media during the Indo-Pacific Economic Framework meeting in Detroit, Michigan U.S. May 27, 2023. REUTERS/Rebecca Cook/File Photo Acquire Licensing RightsSAN FRANCISCO, Nov 14 (Reuters) - U.S. Commerce Secretary Gina Raimondo said a ministers meeting on Tuesday had completed three of four "pillars" in the Biden administration's Indo-Pacific Economic Framework talks on the sidelines of a Pacific Rim leaders summit. Raimondo, made the remark at a bilateral meeting with Japan, one of the 14 IPEF countries in the U.S.-led talks. We had an excellent ministerial earlier today, closing out the three pillars of the Indo-Pacific Economic Framework." U.S. Treasury Secretary Janet Yellen said on Monday the trade pillar negotiations will "require further work".

Persons: Gina Raimondo, Rebecca Cook, Raimondo, Yasutoshi Nishimura, Yoko Kamikawa, May, Biden, Janet Yellen, Xi Jinping, David Lawder, Christian Schmollinger Organizations: Commerce, Detroit , Michigan U.S, REUTERS, FRANCISCO, . Commerce, Biden, Pacific, Commerce Department, Economic Cooperation, Treasury, Thomson Locations: Detroit , Michigan, Japan, U.S, Asia, China . U.S, Lincoln

☆ Facing asylum seeker surge from Russia, Finland mulls curbing access
▼ + stars: | 2023-11-15 | by ( Essi Lehto | ) www.reuters.com time to read: +3 min

[1/3] A view of the border between Russia and Finland at the Nuijamaa border checkpoint in Lappeenranta, Finland on November 15, 2023. An increasing number of citizens from third countries have arrived via Russia to Finnish border-crossing points without proper documentation this autumn. Finland has no... Acquire Licensing Rights Read moreHELSINKI, Nov 15 (Reuters) - Further groups of asylum seekers arrived on Wednesday at Finland's southeastern border via Russia, officials said, adding to a sudden surge that might spur the Nordic country to restrict access. Finland's government on Tuesday accused Russia of funnelling asylum seekers to crossing points along the frontier and said it might limit access unless Russian authorities reverse course. On Tuesday, 55 asylum seekers were recorded by officials, while Wednesday afternoon's figure stood at 66 and rising, Finnish Border Guard Lieutenant Colonel Jukka Lukkari said.

Persons: Sauli Niinisto, Finland's, Dmitry Peskov, Jukka Lukkari, Jukka Laine, Laine, Essi Lehto, Anne Kauranen, Mark Heinrich Our Organizations: Union, NATO, EU, Finnish Border Guard, University of Eastern, Finnish Refugee Council, Thomson Locations: Russia, Finland, Lappeenranta, Finnish, HELSINKI, Finland's, Moscow, Iraq, Yemen, Somalia, Syria, University of Eastern Finland

☆ Russia relishes divisions between China and the U.S., pouring cold water on Xi-Biden talks
▼ + stars: | 2023-11-15 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +8 min

Russian President Vladimir Putin speaks during his press conference at the Konstantin Palace on July 29, 2023 in Saint Petersburg, Russia. Russian media have already reveled in pouring cold water on the Asia-Pacific Economic Cooperation (APEC) summit where Xi and Biden are due to meet Wednesday. Russian President Vladimir Putin was not invited due to U.S. sanctions so Deputy Prime Minister Alexei Overchuk is representing Russia at the summit. A range of Russian newspapers including Kommersant, Izvestia, Argumenty i Fakty, Nezavisimaya Gazeta and Komsomolskaya Pravda did not feature any news on the APEC summit or Xi-Biden talks. China's President Xi Jinping and U.S. President Joe Biden at the G20 Summit in Nusa Dua on the Indonesian island of Bali on Nov. 14, 2022.

Persons: Vladimir Putin, Konstantin, Xi Jinping, Joe Biden, Xi, Biden, Katherine Tai, Tai, David Paul Morris, Xi's, Alexei Overchuk, Dmitry Peskov, Kamala Harris, Kent Nishimura, Komsomolskaya, Putin, — Xi, Sergei Guneyev, Ian Bremmer, Saul Loeb Organizations: Getty, U.S, Economic Cooperation, Novosti, APEC, U.S . Trade, Russian Federation, San Francisco International Airport, American, Bloomberg, Getty Images Bloomberg, Israel, Kremlin, SAN FRANCISCO, Merchant Exchange Club, Tass, Kommersant, Izvestia, Gazeta, Komsomolskaya Pravda, Sputnik, AFP, West, Analysts, Eurasia Group, China's, Afp Locations: Saint Petersburg, Russia, Russian, San Francisco, China, Beijing, Washington, Moscow, Asia, United States, San Francisco , California, Ukraine, Pacific, U.S, CALIFORNIA, Taiwan, Nusa Dua, Indonesian, Bali

☆ COP28’s big challenge: green cash for poor states
▼ + stars: | 2023-11-15 | by ( George Hay | ) www.reuters.com time to read: +7 min

Rather than drawing attention to this paucity of ambition, al-Jaber wants states to commit to trebling global capacity of renewable energy by 2030. Progress in China and the West is largely a function of cash: these regions accounted for 84% of the $1.3 trillion committed to global climate finance in 2022. They calculate that by 2030, developing countries need to invest around $2.4 trillion a year in order to decarbonise their economies. The problem is that the developed world has consistently missed targets to channel climate cash to less developed counterparts. In September al-Jaber announced a $4.5 billion scheme to deploy UAE state cash and private sector resources to help Africa decarbonise.

Persons: al, Jaber, hasn’t, Nicholas Stern, Stern, Ajay Banga, Mark Carney, Shriti Vadera, Larry Fink, Joko Widodo, UAE Crown Prince Mohammed bin Zayed, Nahyan, Breakingviews, Peter Thal Larsen, Oliver Taslic, Thomas Shum Organizations: Reuters, United, Conference of, Abu Dhabi National Oil Company, United Nations, International Energy Agency, The, IEA, World Bank, concessional, Bank, Bank of England, Prudential, BlackRock, U.S, Indonesian, Africa decarbonise, UAE Crown, Thomson Locations: United Arab Emirates, Abu Dhabi, Paris, China, The U.S, British, Egypt, Indonesia, Japan, South Africa, Vietnam, U.S, Al, UAE, Africa, COP28, Dubai

☆ Paraguay to reestablish ties with Venezuela after extended pause
▼ + stars: | 2023-11-15 | by ( ) www.reuters.com time to read: +1 min

Paraguay's President-elect Santiago Pena speaks during an interview with Reuters ahead of his inauguration, in Asuncion, Paraguay August 7, 2023. REUTERS/Cesar Olmedo/File Photo Acquire Licensing RightsASUNCION, Nov 15 (Reuters) - Paraguay and Venezuela have decided to reestablish diplomatic ties, the Paraguayan foreign ministry said in a statement on Wednesday, after the South American countries broke off relations nearly five years ago. Formal diplomatic ties were severed in January 2019, when Paraguay recognized opposition leader Juan Guaido as Venezuela's interim president. Following talks between Paraguay's recently-elected President Santiago Pena and his Venezuelan counterpart Nicolas Maduro, the ministry said ambassadors should be formally accredited in the coming days. Reporting by Daniela Desantis; Writing by Sarah Morland; Editing by David Alire GaricaOur Standards: The Thomson Reuters Trust Principles.

Persons: Santiago Pena, Cesar Olmedo, Juan Guaido, Paraguay's, Nicolas Maduro, Daniela Desantis, Sarah Morland, David Alire Garica Organizations: Reuters, REUTERS, Rights, South, Venezuelan, Thomson Locations: Asuncion, Paraguay, Rights ASUNCION, Venezuela, Paraguayan

☆ North Korea vows more offensive response to US 'threats' -KCNA
▼ + stars: | 2023-11-15 | by ( Soo-Hyang Choi | ) www.reuters.com time to read: +3 min

Song Kyung-Seok/Pool via REUTERS Acquire Licensing RightsSEOUL, Nov 16 (Reuters) - North Korea on Thursday criticised a recent visit to South Korea by top U.S. defence officials and vowed more "offensive" responses to what it called military threats from the United States and its allies, state media reported. During Austin's visit, South Korea and the United States revised a bilateral security agreement aimed at deterring North Korea's advancing nuclear and missile threats. South Korea's defence ministry said the revision was necessary because the existing strategy did not adequately address rapid advancements in North Korea's missile and nuclear programs. Austin's visit followed U.S. Secretary of State Antony Blinken's trip to South Korea last week. North Korea and Russia have denied any arms deals, though their leaders pledged closer military cooperation at their September summit.

Persons: Defense Lloyd Austin, South Korean Defense Minister Shin Won, sik, Kyung, Defense Lloyd Austin's, Austin's, Antony Blinken's, Jin, Yoko Kamikawa, Soo, hyang Choi, Chris Reese, Cynthia Osterman, Gerry Doyle Organizations: Defense, South Korean Defense Minister, United Nations Command, UNC, Defense Ministry, REUTERS Acquire, Rights, DPRK, Democratic People's, United, Pentagon, U.S . State Department, U.S . Defense Security Cooperation Agency, South Korean Foreign, Thomson Locations: South Korea, Seoul, Rights SEOUL, North Korea, United States, Defense Lloyd Austin's Seoul, DPRK, Democratic People's Republic of Korea, Korea, Republic of, Russia, San Francisco

President Joe Biden on Wednesday announced his administration secured agreements with China to resume military communications and combat fentanyl after his first in-person meeting with Chinese President Xi Jinping in a year. “Vital miscalculations on either side can cause real, real trouble with a country like China – or any other major country,” Biden said. During the press conference, Biden added that he believes the ultimate answer to the war in Gaza is a two-state solution. Biden mentioned he raised concerns about China’s human rights and tension between China and the Philippines in the South China Sea. Overall, though, Biden presented an optimistic view about future relations with China.

Persons: Joe Biden, Xi Jinping, Biden, ”, “ I’m, ” Xi, “, ” Biden, “ It's, Xi's, that’s Organizations: Wednesday, Economic Cooperation, U.S, Western, State Department Locations: China, United States, Asia, San Francisco, U.S, Beijing, Ukraine, Israel, Gaza, Taiwan, Philippines, South China

☆ Biden, Xi meet as US-China military, economic tensions grind on
▼ + stars: | 2023-11-15 | by ( Trevor Hunnicutt | ) www.reuters.com time to read: +5 min

Biden and Xi arrived in San Francisco on Tuesday, where they were set to hold their meeting on the sidelines the Asia-Pacific Economic Cooperation (APEC) summit. Xi and Biden are expected to meet far from the conference location at a vast estate miles outside of San Francisco carefully chosen for its security, serenity and remoteness. [1/2]U.S. President Joe Biden disembarks from Air Force One at San Francisco International Airport, as he arrives to attend the APEC (Asia-Pacific Economic Cooperation) Summit in San Francisco, California, U.S., November 14, 2023. Xi, a decade Biden's junior, has tightened control over policy, state leaders, the media and military and changing the constitution. Biden is expected to tell Xi that U.S. commitments in the Indo-Pacific are unchanged.

Persons: Joe Biden, Xi Jinping, Xi, Biden, China's, Mao, San Francisco, John Kirby, Joe Biden disembarks, Brittany Hosea, Trevor Hunnicutt, Steve Holland, Michael Martina, Jeff Mason, Heather Timmons, Stephen Coates Organizations: FRANCISCO, Biden, Economic Cooperation, Communist Party, Air Force, San Francisco International Airport, APEC, REUTERS, Rights, Washington, Thomson Locations: Taiwan, South China, Israel, Ukraine, North Korea, San Francisco, Asia, United States, Northern California, San, San Francisco , California, U.S, Rights IRAN, Iran, Washington, China . U.S, China, Europe, Russia, Beijing, Taiwan Strait, East China, Philippines

☆ German economy, auto sector face risks from exposure to China, fund manager says
▼ + stars: | 2023-11-15 | by ( Christoph Steitz | ) www.reuters.com time to read: +2 min

[1/2] A view shows the flags of China and Germany at a booth of a German automaker at the Auto Shanghai show, in Shanghai, China, April 19, 2023. That poses a dilemma for the German government, which is actively trying to get companies to derisk from China, the world's second-largest economy. The fund manager said it was striking that German companies are also increasingly relocating research and development activities to China, while others did the opposite for security reasons. Union Investment holds stakes in virtually all German blue-chip companies, including German carmakers Volkswagen (VOWG_p.DE), BMW (BMWG.DE) and Mercedes-Benz (MBGn.DE) as well as BASF (BASFn.DE), which all have major ties and exposure to the Chinese economy. The exposure means that German carmakers are facing risks such as being squeezed out of the Chinese market as well as seeing increased Asian competition in Europe, the fund manager said.

Persons: Aly, Christoph Steitz, Paul Simao Organizations: Auto, REUTERS, Rights, Union Investment, Reuters, Investment, Volkswagen, BMW, Mercedes, Benz, BASF, Thomson Locations: China, Germany, Auto Shanghai, Shanghai, Japan, South Korea, United States, derisk, German, Europe, Berlin, Beijing

☆ US and China pledge to resume climate working group, ramp up renewables ahead of Biden-Xi summit
▼ + stars: | 2023-11-15 | by ( Nectar Gan | Ella Nilsen | ) edition.cnn.com time to read: +6 min

The two sides decided to “operationalize” a suspended bilateral working group to “engage in dialogue and cooperation to accept concrete climate actions” in this decade, according to the statement. That working group was first proposed by Kerry and Xie in 2021 at the United Nations climate summit in Glasgow, but has been on hold since August last year. Both countries agreed to economy-wide reductions of all greenhouse gases in their international climate commitments for 2035, including carbon dioxide, methane, and hydrofluorocarbons. Li Shuo, the director of China Climate Hub at the Asia Society Policy Institute, said China’s pledge to set release targets for all greenhouse gas emissions was arguably the most notable point in the statement. Non-carbon dioxide gases such as methane still account for a considerable share of China’s greenhouse gas emissions,” he said.

Persons: Joe Biden, Xi Jinping, John Kerry, Xie Zhenhua, Kerry, Xie, ”, Li Shuo, China’s, you’re, Li Organizations: CNN, Economic Cooperation, US State Department, China’s Ministry of Ecology, United, “, Asia Society Policy Institute, UN, Asia Society Locations: United States, China, San Francisco, Asia, Beijing, Washington, Taiwan, California, United Nations, Glasgow, Dubai, COP28, UAE

U.S. Special Presidential Envoy for Climate John Kerry shakes hands with his Chinese counterpart Xie Zhenhua before a meeting in Beijing, China July 17, 2023. The countries' top climate envoys, John Kerry and Xie Zhenhua, met in Sunnylands, California on Nov. 4-7 to find common ground ahead of crucial COP28 talks in Dubai starting at the end of the month. It will focus on key areas of cooperation, including abating methane and boosting efficiency and the "circular economy", and exchange information on policies and technologies to reduce emissions. They also committed to advancing "at least five" large-scale cooperation projects in carbon capture, utilisation and storage by the end of the decade. The United States and China agreed that the stocktake should show that "significantly more ambition and implementation" was required to meet the Paris goals and include calls for developed countries to meet their climate financing commitments.

Persons: John Kerry, Xie Zhenhua, Valerie Volcovici, Nancy Pelosi, COP28, David Stanway, Muralikumar Organizations: REUTERS, Rights, Dubai, Paris, Thomson Locations: Beijing, China, Rights SINGAPORE, United States, Sunnylands , California, Taiwan, Paris

[1/5] Protesters taunt people in suit, during a rally in opposition to the Asia-Pacific Economic Cooperation (APEC) CEO Summit in San Francisco, California, U.S. November 15, 2023. REUTERS/Loren Elliott Acquire Licensing RightsSAN FRANCISCO, Nov 15 (Reuters) - Protesters took to the streets of San Francisco early on Wednesday morning ahead of a meeting between U.S. President Joe Biden and Chinese President Xi Jinping, obstructing some entrances to the APEC conference. Global leaders and CEOs of major U.S. corporations will all be at the Asia Pacific Economic Cooperation (APEC) forum in San Francisco, offering tempting targets to protest. Protesters supporting spiritual group Falun Gong, which is banned in China, lined motorcade entry points into the convention center area. Supporters of China also turned out near where Biden and Xi will meet, waving Chinese and U.S. flags as well as posters with both flags together.

Persons: Loren Elliott, Joe Biden, Xi Jinping, Biden, Pema Doma, Xi, ”, Gong, Xi's, Ann Saphir, Peter Henderson, Josie Kao Organizations: Economic Cooperation, REUTERS, FRANCISCO, APEC, Global, Asia Pacific Economic Cooperation, Police, Chinese Communist Party, U.S . Department of Homeland Security, U.S, Secret Service, Thomson Locations: Asia, San Francisco , California, U.S, San Francisco, Israel, Tibet, United States, China, Francisco

China detained the executive, named in several media reports as Hiroshi Nishiyama, on suspicion of espionage in March, and he was formally arrested last month. Japan's then foreign minister protested the executive's detention with his Chinese counterpart on a visit to Beijing in April. China's foreign ministry did not immediately respond to a request for comment. Half the respondents in a recent survey of Japanese companies doing business in China said they would cut investments this year. It's a very difficult point in time to be navigating that as a decision maker, in business or politics," he said.

Persons: Fumio Kishida, Xi Jinping, Rahm Emanuel, Hiroshi Nishiyama, Japan's, Xi, Masashi Mizobuchi, Nishiyama, Takeshi Niinami, Niinami, Stefan Angrick, Yukiko Toyoda, Kiyoshi Takenaka, John Geddie, Sakura Murakami, Francis Tang, Laurie Chen, Antoni Slodkowski, Andrew Silver, Lincoln Organizations: Economic Cooperation, Kyodo, drugmaker Astellas Pharma, APEC, Reuters, Japanese Chamber of Commerce, Japan Association of Corporate, Suntory, Moody's Analytics, Thomson Locations: Asia, Bangkok, Thailand, TOKYO, BEIJING, China, San Francisco, Tokyo, U.S, Japan, Beijing, officialdom, Shanghai

☆ Yellen says APEC finance ministers agree to expand output sustainably
▼ + stars: | 2023-11-14 | by ( ) www.reuters.com time to read: +1 min

U.S. Treasury Secretary Janet Yellen and Australian Treasurer Jim Chalmers (not pictured) hold a bilateral meeting during the APEC (Asia-Pacific Economic Cooperation) Summit in San Francisco, California, U.S. November 12, 2023. REUTERS/Carlos Barria/File Photo Acquire Licensing RightsSAN FRANCISCO, Nov 13 (Reuters) - U.S. Treasury Secretary Janet Yellen said that finance ministers from Asia-Pacific Economic Cooperation countries on Monday affirmed their desire to expand their economies' potential output in a sustainable manner. "APEC members have affirmed a shared interest in pursuing policies that expand the productive capacity of our economies while also achieving outcomes like reducing inequality and protecting the environment," Yellen said in prepared remarks following a meeting of the ministers ahead of the APEC leaders' summit in San Francisco. She said that APEC countries are pursuing similar policies to the Biden administration's recent legislation to promote investment in infrastructure, semiconductors and clean energy technologies and scientific research. Yellen also said that the Treasury is actively engaged in "ongoing work" to reach substantial conclusion of the Indo-Pacific Economic Framework talks with 13 other countries, most of them APEC member.

Persons: Janet Yellen, Jim Chalmers, Carlos Barria, Yellen, Biden, David Lawder, Sandra Maler Organizations: Treasury, APEC, Economic Cooperation, REUTERS, FRANCISCO, . Treasury, Thomson Locations: Asia, San Francisco , California, U.S, San Francisco

Democratic Senator Ben Cardin wrote to Biden to push for immediate freedom for Mark Swidan, Kai Li and David Lin, whom the U.S. government has classified as wrongfully detained in China. Families of Americans the U.S. government has classified as wrongfully detained in China have also repeatedly urged the government to prioritize the release of their loved ones in talks with Chinese officials. Ambassador to China Nicholas Burns about her son Mark over the weekend, but called the conversation "disappointing" because Burns would not say whether Biden would raise Mark’s name with Xi. A State Department spokesperson commented that the department has no greater priority than the safety and security of U.S. citizens and noted that it continually raises wrongfully detained U.S. nationals during engagements with senior Chinese officials. Reporting by Patricia Zengerle and Michael Martina; Editing by Stephen CoatesOur Standards: The Thomson Reuters Trust Principles.

Persons: Ben Cardin, Craig Hudson, Joe Biden, Xi Jinping, Biden, Mark Swidan, Kai Li, David Lin, Xi, Cardin, Katherine Swidan, China Nicholas Burns, Mark, Burns, Patricia Zengerle, Michael Martina, Stephen Coates Organizations: Senate Foreign, U.S, Capitol, REUTERS, Rights, U.S . Senate Foreign, Reuters, Democratic, Economic Cooperation, State, Thomson Locations: Washington , U.S, China, Asia, San Francisco, United, United States, U.S

☆ Taliban minister raises issue of refugee assets during Pakistan visit
▼ + stars: | 2023-11-14 | by ( Charlotte Greenfield | ) www.reuters.com time to read: +3 min

REUTERS/Naseer Ahmed/File Photo Acquire Licensing RightsISLAMABAD, Nov 14 (Reuters) - The Taliban's acting commerce minister met Pakistan's foreign minister in Islamabad this week, an Afghan embassy statement said on Tuesday, discussing trade and how the thousands of Afghan citizens Pakistan is expelling could take cash and other assets back to their homeland. Taliban officials say militancy is an internal matter for Pakistan and have called on Islamabad to halt its deportation of Afghan citizens. Afghan citizens returning to Afghanistan have said there are restrictions on the transfer of cash and property to Afghanistan from Pakistan, where many had built businesses and homes for decades. Last month, Pakistan set a Nov. 1 start date for the expulsion of all undocumented immigrants, including hundreds of thousands of Afghans. Pakistan's foreign office said the Taliban acting commerce minister would also undertake a trilateral meeting with representatives from Pakistan and Uzbekistan on Tuesday.

Persons: Naseer Ahmed, Haji Nooruddin Azizi's, Jalil Abbas Jilani, Jilani, Charlotte Greenfield, Raju Gopalakrishnan Organizations: REUTERS, Rights, United Nations, Thomson Locations: Afghanistan, Pakistan, Balochistan Province, Chaman, Rights ISLAMABAD, Islamabad, Afghan, Karachi, Western, Uzbekistan, South, Central Asia

☆ Inside the remarkably intricate planning for Biden’s meeting with Xi
▼ + stars: | 2023-11-14 | by ( Mj Lee | Kevin Liptak | ) edition.cnn.com time to read: +7 min

That included the timing and location of the summit, which is occurring amid a larger gathering of Pacific leaders in San Francisco. “China – normally, if they come to United States, they want everything. San Francisco and the Bay Area are home to one of the largest populations of Chinese or Chinese-Americans in the United States. One-fifth of the population of San Francisco has Chinese roots, according to US census data. “Chinese officials will want to project to their domestic audience that Xi is received by Biden with dignity and respect.

Persons: Xi Jinping, Joe Biden, Xi, Biden, ”, Victor Cha, San, Xi ”, Barack Obama, Donald Trump, Obama, Trump, –, Xi’s, Ryan Hass, John L, ” Hass, Wednesday’s, “ Organizations: San Francisco CNN, Beijing, CNN, White House, Center for Strategic, International Studies, APEC, Area, Biden, Communist Party, Trump, Mar, Thornton China Center, Brookings Institution, House Locations: San, United States, San Francisco, China, Asia, China American, California, Palm Springs, Beijing

Search resuls for: "Bilateral"

25 mentions found