DIRS.INFO The most relevant business & tech news

☆ Trump’s 2024 agenda includes executing drug dealers, purging the ‘deep state,’ and restricting voting
▼ + stars: | 2023-01-18 | by ( Tom Porter | ) www.businessinsider.com time to read: +6 min

Donald Trump has unveiled a range of policies as he seeks election in 2024. They include restricting voting and executing drug dealers. Trump unveiled his "National Greatness Agenda" platform when announcing his candidacy in November 2022. Voting restrictionsSince his defeat in 2020, Trump has fixated on baseless claims that victory was stolen from him through mass fraud. 'Deep state' purgeTrump and his allies have long claimed that government "deep state" officials are plotting against him.

☆ US slaps down Saudi claim it helped secure Brittney Griner's release, undermining Riyadh's efforts to be a global power player
▼ + stars: | 2022-12-09 | by ( Tom Porter | ) www.businessinsider.com time to read: +3 min

The US pushed back after Saudi Arabia and the UAE said they helped free Brittney Griner. The White House insisted that the only two parties to the prisoner swap were it and Russia. Saudi Arabia has repeatedly upset the US with attempts to take a bigger, independent global role. The Saudi Arabia and the UAE in a joint statement Thursday said that UAE President Sheikh Mohammed bin Zayed and Saudi Crown Prince Mohammed bin Salman had helped mediate the exchange. When asked about it at a White House press briefing, press secretary Karine Jean Pierre pushed back.

☆ Saudi Arabia Hosts China's Xi Jinping in Apparent Snub to White House
▼ + stars: | 2022-12-08 | by ( Tom Porter | ) www.businessinsider.com time to read: +5 min

Saudi Arabia is hosting China's President Xi Jinping at a lavish summit this week. This comes in the wake of a series of diplomatic spats between Saudi Arabia and the US. On Sunday, Saudi Arabia announced that it would be keeping the production cuts in place, but the country has also made diplomatic moves seemingly designed to placate the US. Saudi Arabia is China's main oil supplier, and this is an issue likely to feature prominently at the summit. Though Crown Prince Mohammed is seeking to steer a foreign policy less dependent on Washington, DC, it's unlikely either nation will want to significantly loosen ties any time soon, analysts say.

☆ Fact Check-World leaders wear traditional Cambodian clothing for 2022 East Asia Summit gala dinner
▼ + stars: | 2022-11-17 | by ( Reuters Fact Check | ) www.reuters.com time to read: +2 min

Social media users are sharing images of world leaders wearing traditional Cambodian clothing for a Nov. 2022 East Asia Summit gala dinner. What other gathering of world leaders has had weird uniforms for them all to wear? False claims that Biden was wearing "Mao clothing" have been addressed by the Associated Press (here). World leaders were not wearing similar shirts to the 2022 East Asia Summit gala dinner as part of a new uniform, nor to imitate former Chinese leader Mao. They were dressed in traditional clothing of the host nation, Cambodia, as often happens at international gatherings.

☆ China's Xi Jinping was filmed lecturing Justin Trudeau in an awkward exchange. It offers a rare glimpse into Xi's personal style of diplomacy.
▼ + stars: | 2022-11-17 | by ( Matthew Loh | ) www.businessinsider.com time to read: +3 min

"That's not appropriate," Xi told Trudeau on Wednesday at the G20 summit in Indonesia. The 40-second video, captured by a Canadian news cameraman, offers a rare glimpse into Xi's personal style of diplomacy. "Everything we discussed has been leaked to the paper, that's not appropriate," Xi told Trudeau, per a translator who was with Xi during the exchange. "Otherwise, it will be hard to say what will happen," the Chinese leader said. Remarking on his exchange with Xi, Trudeau said that "not every conversation is going to be easy," per The Globe and Mail.

CNN —Chinese leader Xi Jinping was captured by Canadian broadcasters in a rare candid moment on Wednesday, where he was filmed chiding his Canadian counterpart, Prime Minister Justin Trudeau, over what he described as “leaked” discussions. On the sidelines of the G20 summit in Indonesia, Xi chatted with Trudeau in Mandarin with a smile. “Everything we’ve discussed has been leaked to the papers and that is not appropriate,” Xi’s translator said. “If there was sincerity on your part, than we shall conduct our discussion with an attitude of mutual respect, otherwise there might be unpredictable consequences,” Xi tells the Canadian leader in Mandarin. Xi’s translator attempts to translate what was said, only getting to “If there was sincerity on your part,” before being cut off by Trudeau.

☆ Ashton: The point of the Biden-Xi meeting is to set a floor under the U.S.-China relationship
▼ + stars: | 2022-11-14 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAshton: The point of the Biden-Xi meeting is to set a floor under the U.S.-China relationshipAnna Ashton, director of China corporate affairs at Eurasia Group, discusses what may be achieved by President Biden's bilateral meeting with China's Xi Jinping at the G20 meeting in Bali.

☆ President Biden meets with China's Xi Jinping during G-20 summit in Bali
▼ + stars: | 2022-11-14 | by ( Kayla Tausche | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPresident Biden meets with China's Xi Jinping during G-20 summit in BaliCNBC's Kayla Tausche joins 'Squawk Box' to report the details from the meeting between U.S. President Joe Biden and Chinese President Xi Jinping at the G-20 summit in Bali, Indonesia.

☆ China's Xi Jinping congratulates Lula on Brazil election win
▼ + stars: | 2022-10-31 | by ( ) www.reuters.com time to read: +1 min

BEIJING, Oct 31 (Reuters) - Chinese President Xi Jinping on Monday congratulated Luis Inacio Lula da Silva for his win in Brazil's presidential election, according to state broadcaster CCTV. "I attach great importance to the development of China-Brazil relations," said Xi. Relations between China and Brazil, two of the world's largest developing countries, worsened under right-wing President Jair Bolsonaro, who has not conceded the election yet. Leftist Lula, previously a two-term president, led Brazil into the first BRICS grouping in 2009, initially made up of Brazil, Russia, India, and China, before South Africa joined in 2010. Reporting by Martin Pollard; Writing by Eduardo Baptista Editing by Shri Navaratnam, William Maclean and Philippa FletcherOur Standards: The Thomson Reuters Trust Principles.

China's strategy aims to win over "swing" countries to score United Nations votes, the diplomat said on Tuesday. Washington said it had taken note of the congress and stressed the importance of keeping open lines of communication. Like many up-and-comers, he is a former subordinate from Xi's days as party chief of the eastern province of Zhejiang. Other pro-reform policymakers excluded from the party's new central committee were outgoing economic czar Liu He, 70, and central bank party chief Guo Shuqing, 66. Also among the newcomers is Ding Xuexiang, who was Xi's chief of staff and named to the new Standing Committee.

☆ Oil prices drop more than 1% as China demand data disappoints
▼ + stars: | 2022-10-24 | by ( Florence Tan | ) www.reuters.com time to read: +2 min

SINGAPORE, Oct 24 (Reuters) - Oil prices slid more than 1% on Monday after Chinese data showed that demand from the world's largest crude importer remained lacklustre in September as strict COVID-19 policies and fuel export curbs depressed consumption. Brent crude futures for December settlement slid $1, or 1.1%, to $92.50 a barrel by 0609 GMT after rising 2% last week. Although higher than in August, China's September crude imports of 9.79 million barrels per day were 2% below a year earlier, customs data showed on Monday, as independent refiners curbed throughput amid thin margins and lacklustre demand. "Biden's comments that the U.S. will only buy crude once prices hit USD70/bbl provides a strong support level," ANZ said. Last week, U.S. energy firms added oil and natural gas rigs for the second week in a row as relatively high oil prices encourage firms to drill more, energy services firm Baker Hughes Co said in a report on Friday.

☆ Oil prices slide as China demand data disappoints
▼ + stars: | 2022-10-24 | by ( Florence Tan | ) www.reuters.com time to read: +2 min

SINGAPORE, Oct 24 (Reuters) - Oil prices fell on Monday after China released much-delayed trade data which showed that demand in the world's largest crude importer remained lacklustre in September as strict COVID-19 policy and fuel export curbs depress consumption. Brent crude futures for December settlement slid 40 cents, or 0.4%, to $93.10 a barrel by 0340 GMT after rising 2% last week. Despite rising from August, China's crude imports in September of 9.79 million barrels per day were 2% below the amount brought in a year earlier, customs data showed on Monday, as independent refiners curbed throughput amid thin margins and lacklustre demand. read more"Biden's comments that the U.S. will only buy crude once prices hit USD70/bbl provides a strong support level," ANZ said. Last week, U.S. energy firms added oil and natural gas rigs for the second week in a row as relatively high oil prices encourage firms to drill more, energy services firm Baker Hughes Co said in a report on Friday.

☆ Oil climbs on expectations of tight supply as Russia sanctions loom
▼ + stars: | 2022-10-24 | by ( Florence Tan | ) www.reuters.com time to read: +2 min

SINGAPORE, Oct 24 (Reuters) - Oil rose in early Asian trade on Monday as expectations of tighter supplies globally ahead of European Union sanctions on Russian oil underpinned prices. Register now for FREE unlimited access to Reuters.com RegisterDisruptions to global oil supplies are expected when the EU's ban on Russian imports goes into effect on Dec. 5. The group also plans to block imports of Russian oil products in February. "Biden's comments that the U.S. will only buy crude once prices hit USD70/bbl provides a strong support level." Last week, U.S. energy firms added oil and natural gas rigs for the second week in a row as relatively high oil prices encourage firms to drill more, energy services firm Baker Hughes Co said in a report on Friday.

☆ MSNBC's Joe Scarborough breaks down new era for China's Xi Jinping
▼ + stars: | 2022-10-24 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMSNBC's Joe Scarborough breaks down new era for China's Xi JinpingJoe Scarborough, co-host of MSNBC's "Morning Joe," joins 'Squawk Box' to discuss autocracy in China, America's involvement in the Russia-Ukraine War, and cancel culture.

☆ BOJ, BoJo, Beijing and bond bounce
▼ + stars: | 2022-10-24 | by ( ) www.reuters.com time to read: +5 min

A surge in Japan's ailing yen from 32-year lows later on Friday, amid reports of out-of-hours Bank of Japan intervention in New York, saw a peak-to-trough drop in dollar/yen of almost 4%. There were wild swings again on Monday amid suspicion of further BoJ sales, even though officials refused to confirm the action. A weekend of political twists from Beijing to London only added to edgy market on Monday. China leadership China's Xi Jinping secured a precedent-breaking third leadership term on Sunday and introduced a top governing body stacked with loyalists. Hong Kong's Hang Seng index (.HSI) has now underperformed MSCI's broadest global stock index by almost 50% over two years.

Oct 24 (Reuters) - A look at the day ahead in Asian markets from Jamie McGeeverChinese politics, Japanese policy. This was offered up for public consumption on Saturday when former President Hu Jintao was unexpectedly escorted out of the Party Congress's closing ceremony. Xi's cabinet reshuffle may also see central bank chief Yi Gang stepping down and being replaced by former deputy governor Yin Yong, according to sources. Meanwhile, Japan intervened in the FX market on Friday after the yen slumped to a new 32-year low close to 152.00 per dollar. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

☆ China's Xi clinches third term, packs leadership team with loyalists
▼ + stars: | 2022-10-23 | by ( Yew Lun Tian | ) www.reuters.com time to read: +3 min

REUTERS/Tingshu WangBEIJING, Oct 23 (Reuters) - China's Xi Jinping secured a precedent-breaking third leadership term on Sunday and introduced a new Politburo Standing Committee stacked with loyalists, cementing his place as the country's most powerful ruler since Mao Zedong. Shanghai Communist Party chief Li Qiang followed Xi onto the stage at the Great Hall of the People as the new leadership team was introduced, meaning he is likely to succeed Li Keqiang as premier when he retires in March. The other members of the seven-man Standing Committee, China's top governing body, are Zhao Leji and Wang Huning, who return from the previous committee, and newcomers Cai Qi, Ding Xuexiang and Li Xi. Li Qiang is also new to the Standing Committee. Xi Jinping also has total control over the larger Politburo and Central Committee," he said.

☆ Factbox: China's new elite Communist Party leadership
▼ + stars: | 2022-10-23 | by ( ) www.reuters.com time to read: +1 min

BEIJING, Oct 23 (Reuters) - China's Xi Jinping on Sunday secured a third term as leader of the Communist Party and unveiled a new seven-member Politburo Standing Committee, which he heads, that will determine the path of the country's development in the next five years. Below are the personnel elected on Sunday by the Central Committee, the biggest of the party's top decision-making bodies, to the pinnacle of China's political power. General Secretary of the Central Committee:Register now for FREE unlimited access to Reuters.com RegisterXi JinpingStanding Committee of the Political Bureau, or Politburo, of the Central Committee (seven members):Xi Jinping, 69; Li Qiang, 63; Zhao Leji, 65; Wang Huning, 67; Cai Qi, 66; Ding Xuexiang, 60; Li Xi, 66Politburo of the Central Committee (24 members):Ding Xuexiang, Xi Jinping, Ma Xingrui, Wang Yi, Wang Huning, Yin Li, Shi Taifeng, Liu Guozhong, Li Xi, Li Qiang, Li Ganjie, Li Shulei, Li Hongzhong, He Weidong, He Lifeng, Zhang Youxia, Zhang Guoqing, Chen Wenqing, Chen Jining, Chen Miner, Zhao Leji, Yuan Jiajun, Huang Kunming, Cai QiCentral Military Commission Chairman:Xi JinpingCentral Commission for Discipline Inspection Secretary:Li XiRegister now for FREE unlimited access to Reuters.com RegisterReporting by Albee Zhang and Ryan Woo; Editing by William MallardOur Standards: The Thomson Reuters Trust Principles.

☆ Reaction to China's 20th Communist Party Congress
▼ + stars: | 2022-10-23 | by ( ) www.reuters.com time to read: +2 min

Oct 23 (Reuters) - China's Xi Jinping secured a precedent-breaking third leadership term on Sunday and introduced a new Politburo Standing Committee stacked with loyalists, cementing his place as the country's most powerful ruler since Mao Zedong. I can imagine that zero-COVID policy is likely more entrenched and there’s going to be further push on this issue of common prosperity and the like.”CHRIS MILLER, PROFESSOR AT TUFTS UNIVERSITY, MASSACHUSETTS“The party congress has reaffirmed Xi's decisive role in ruling the Communist Party, marking a continued shift away from collective leadership of party elites toward a personalized dictatorship. It also appears to have confirmed the downgrading of economic growth as a key party goal, relative to other agenda items such as zero-COVID and the party's political and ideological control. On tech, the key theme was self-sufficiency in science and technology, which is to be expected given the increasing decoupling of the U.S. and Chinese tech sectors.”GARY NG, SENIOR ECONOMIST, ASIA PACIFIC, NATIXIS, HONG KONG“The new inner circle will extend and heighten the current policy stance, and generally it seems that most of the newly appointed officials seem to be Xi’s key allies. So I guess this is also a move of the further consolidation of power, or maybe in the future, of course, performance is important, but also loyalty is increasingly a key concern when picking officials.”Register now for FREE unlimited access to Reuters.com RegisterReporting by Rae Wee in Singapore and Xie Yu in Hong Kong; Editing by William MallardOur Standards: The Thomson Reuters Trust Principles.

☆ Kim Jong Un congratulates Xi for reelection, hopes for 'more beautiful' ties
▼ + stars: | 2022-10-23 | by ( ) www.reuters.com time to read: +1 min

SEOUL, Oct 23 (Reuters) - North Korea's leader Kim Jong Un sent a congratulatory letter to Xi Jinping on his reelection as China's leader, saying he hoped to further develop their ties, state news agency KCNA reported on Sunday. "I, together with you, will shape more a beautiful future of the DPRK-China relations meeting the demand of the times and lead the endeavours for its realisation so as to continue to powerfully propel the socialist cause in the two countries." DPRK stands for the Democratic People's Republic of Korea, North Korea's official name. China's Xi Jinping secured a precedent-breaking third leadership term on Sunday and introduced a new top governing body stacked with loyalists, cementing his place as the country's most powerful ruler since Mao Zedong. Register now for FREE unlimited access to Reuters.com RegisterReporting by Jihoon Lee; Editing by William Mallard and Alex RichardsonOur Standards: The Thomson Reuters Trust Principles.

But the theme of the event is continuity — of President Xi Jinping as leader, and with that the likelihood of friction with the U.S.-led West. Xi, China’s most powerful leader in decades, is poised to secure an unprecedented third term at this week’s twice-a-decade National Congress of the Chinese Communist Party in Beijing. “Those achievements have certainly strengthened the president’s leadership.”Under Xi, China’s gross domestic product has more than doubled to $17.7 trillion. Born in Beijing in 1953, Xi enjoyed a privileged youth as the second son of Xi Zhongxun, a Chinese communist revolutionary. “The long-term goals of President Xi, as well as general attitudes in the West, will make it very difficult for us to have more cooperation during his third term,” she said.

☆ Factbox: China's 20th Communist Party Congress: who could be in Xi's new team?
▼ + stars: | 2022-10-13 | by ( ) www.reuters.com time to read: +4 min

BEIJING, Oct 13 (Reuters) - China's Xi Jinping is widely expected to clinch a third five-year leadership at the upcoming congress of the ruling Communist Party, a mandate that would secure his stature as the country's most powerful ruler since founding leader Mao Zedong. Hu Chunhua, 59, vice premierHu is considered a candidate for elevation to the PSC and possibly to become China's next premier. Chen Miner, 62, Chongqing party secretaryChen is also a trusted aide and considered a candidate for the PSC. The only current female member, Vice Premier Sun Chunlan, is 72 and therefore ineligible to serve another term under China's unofficial age norms. Li Xi, 65, party chief of Guangdong provinceLi, considered a trusted ally of Xi, may get a bigger job after the Congress.

☆ U.S. VP Harris condemns 'disturbing' Chinese actions
▼ + stars: | 2022-09-27 | by ( Trevor Hunnicutt | ) www.reuters.com time to read: +4 min

"China is undermining key elements of the international rules-based order," said Harris, who is on a four-day trip to Asia. And we have witnessed disturbing behaviour in the East China Sea and in the South China Sea, and most recently, provocations across the Taiwan Strait." Harris said U.S. forces would operate in the region "undaunted and unafraid" even as the United States expects "continued aggressive" actions by China. U.S. Vice President Kamala Harris listens during a roundtable discussion at the NAACP National Convention in Atlantic City, New Jersey, U.S., July 18, 2022. Aides said Harris would work on a unified approach in a region where leaders have warily watched rising tension between the United States and China.

Search resuls for: "China's Xi Jinping"

23 mentions found