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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
The White House will lean into the full pomp and circumstance of a state visit as the president seeks to emphasize the strong alliance between the two countries. The Bidens welcomed the prime minister and his wife to the White House on Tuesday evening, hosting the couple for a casual dinner at BlackSalt, a local seafood restaurant. The White House will serve wines from the Willamette Valley and Columbia Valley in the Pacific Northwest. The Bidens presented their counterparts with a three-legged black walnut table handmade by a Japanese American owned company in Pennsylvania, the White House said. The Biden White House has previously hosted the leaders of Australia, India, France and South Korea for state visits.
Persons: Joe Biden, Jill Biden, Kishida Fumio, Kishida Yuko, Paul Simon, Biden, ” Jill Biden, , Bryan Rafanelli, , Cris Comerford, Susie Morrison, George W, Bush, Lyndon B, Johnson, Carlos Elizondo –, ’ toasts, Elizondo, Billy Joel, CNN’s Arlette Saenz, Kayla Tausche, Sam Fossum Organizations: CNN, Japanese, White, White House social, Wing, State Department, White House, US, National Soccer Team, National Football Team, Biden White Locations: China, Ukraine, Gaza, United States, Japan, BlackSalt, California, Willamette, Columbia, Pacific Northwest, American, Pennsylvania, Australia, India, France, South Korea
“China is now simply too large for the rest of the world to absorb this enormous capacity,” Yellen told reporters Monday. US intelligence has warned that China is providing technology and equipment to Russia that is important to Moscow’s war in Ukraine. During her last visit to Beijing, Yellen dramatically boosted business for a Yunnan restaurant chain and its mushroom dish after her delegation was spotted dining there. “As a US official, Yellen needs to know more about China than just its food. Only by understanding China better, can she correct the US worldview and its views of China and China-US relations.”
Persons: Janet Yellen, Yellen, Joe Biden, Xi Jinping, , China Nicholas Burns, Pedro Pardo, Li Qiang, ” Yellen, Li, Biden, , Mao Ning, Xi, CNN’s Marc Stewart, we’ve, Andy Wong, “ Yellen, Tao Tao Organizations: Hong Kong CNN, Russia, China's, Getty, Vice, Foreign Ministry, Treasury Department ., Ukraine, China’s, Ministry, Locations: China, Hong Kong, Guangzhou, Beijing, United States, AFP, Washington, Xinhua, Russia, Ukraine, Treasury Department . China, San Fransisco, , Yunnan, Weibo
Both the Philippines and Japan are US defense treaty allies, and the US military retains permanent bases in Japan and has base rights in the Philippines. That threat is manifested in three key areas – Taiwan, the South China Sea and the Japanese-controlled Senkaku Islands in the East China Sea, analysts say. Here's why 03:27 - Source: CNNJapan and Philippines both have separate territorial disputes with China, in the former’s case the Senkaku Islands in the East China Sea and in the latter’s areas of the South China Sea. Meanwhile, China claims the shoal, which is in the Philippines’ exclusive economic zone, as its sovereign territory, as it does much of the South China Sea, in defiance of an international arbitration ruling. “Alliance building is the most practical way to deal with China’s moves” in the South China Sea, he said.
Persons: , James D.J, Brown, Joe Biden, Fumio Kishida, Ferdinand Marcos Jr, Xi Jinping, Biden, Micah Jeiel Perez, Marcos, Kishida, ” Marcos, Shinzo Abe, Ricardo Jose, ” Jose, Thomas, CNN Marcos, Shoal, China –, Masaharu Homma, , Perez, Rodrigo Duterte, Marcos Jr’s, Duterte, Thomas Shoal, Veejay Villafranca, Robert Ward, BRP Antonio Luna, you’ve, Donald, Trump, ” Brown, , Ward Organizations: South Korea CNN, White, Temple University, Japanese, Taiwan –, Communist Party, Taiwan Relations, University of, Nikkei Asia, University of the, , CNN, East China, Philippine, China Coast Guard, US, US State Department, Gen, “ Alliance, Clark Air Base, Naval, Bloomberg, Getty, International Institute for Strategic Studies, Cooperative, Philippine Navy, BRP, Royal Australian Navy, Self, Defense Forces, JS Akebono, US Navy, USS, Multilateral Maritime Cooperative, Armed Forces, AP Analysts Locations: Seoul, South Korea, United States, Japan, Philippines, China, Tokyo, Philippine, Taiwan, Washington, South, Senkaku, East China, University of the Philippines, CNN Japan, East, South China, Palawan, China – Washington, Beijing, Spain, Spanish, Imperial Japan, New Orleans, Bataan, Subic, Manila, US, Australia, India, Vietnam, Warramunga, IISS
US Treasury Secretary Janet Yellen (L) shakes hands with China's Vice Premier He Lifeng in the southern Chinese city of Guangzhou, on April 5, 2024. After two days of economic talks in China's southern export hub of Guangzhou, Yellen said she and He also agreed to start a forum to cooperate on anti-money laundering efforts in their respective financial systems. Beijing also expressed serious concerns about U.S. economic and trade restrictions on China and made a full response to the production capacity issue during the talks, the statement said. The U.S. Treasury official, who spoke on condition of anonymity, said the balanced growth forum was first proposed in February during an economic working group meeting. Yellen also said she had warned Chinese firms faced "significant consequences" if they provided material support to Russia's invasion of Ukraine.
Persons: Janet Yellen, Pedro Pardo, Lifeng, Yellen, Biden, Wendy Cutler Organizations: China's, Afp, Getty, Treasury, U.S . Treasury Locations: Guangzhou, overcapacity, China, U.S, United States, Xinhua, Beijing, Ukraine
Ecuadorean police officers entered the Mexican embassy in Quito on Friday night to arrest Ecuador’s former vice president who had taken refuge there, prompting Mexico to suspend bilateral relations. Jorge Glas, the former vice president, had been sentenced to prison and there was a warrant out for his arrest before Mexico granted him asylum, Ecuador’s presidential office said in a statement announcing the arrest. Mr. Glas had lived at the embassy since December and was granted political asylum earlier on Friday. The statement said that “no criminal can be considered politically persecuted.”The statement, from the office of President Daniel Noboa, added that the arrest had gone forward because Mexico had abused the immunities and privileges granted to the diplomatic mission and that Mr. Glas’s asylum was given “contrary to the conventional legal framework.”Shortly after the arrest, Mexico’s president, Andrés Manuel López Obrador, issued a statement saying that the arrest was a “flagrant violation of international law and the sovereignty of Mexico,” and that the Ecuadorean police had entered the embassy forcibly.
Persons: Ecuador’s, Jorge Glas, Glas, Daniel Noboa, Andrés Manuel López Obrador Locations: Quito, Mexico
“She bought some beautiful antique jewelry, museum-quality jewelry.”Orange County, California, prosecutors allege a group of thieves hid in the hillside adjoining the Starr’s home, watched them leave with visiting relatives, and made their move. “They came over our fence, they broke through a window in the upper bedroom and came through that window,” Jeff Starr told CNN. When the suspects arrive – most often from South America, prosecutors say – they join sophisticated burglary rings that prey on luxury homes. They have WiFi jammers to stop the alarm company from being notified.”Some of the burglary suspects have used ghillie suits, like the one seen here, to camouflage their movements. Ventura County, California, alone attributed 175 residential burglaries to “transnational theft groups” between 2019 and mid-2023.
Persons: Orange County , California CNN — Carol, Jeff Starr, ” Carol Starr, , , Carol Starr, , Todd Spitzer, Spitzer, Jeff Walther, “ I’m, ” Walther, South America Rama, Balakrishna Sundar, ” Rama Sundar, , Jae C, “ They’re Organizations: Orange County , California CNN, CNN, ” Prosecutors, Department of Homeland, ” Scottsdale Police, Department, Homeland, DHS, US State Department Locations: Orange County , California, Southern California, Carol’s, United States, South America, Orange County, Chile, California, Scottsdale , Arizona, Baltimore , Maryland, Raleigh , North Carolina, Nassau County , New York, Ventura County , California, Scottsdale, Arizona, Dana Point , California, Santa Ana , California, Chilean, Washington
Ukraine's President Volodymyr Zelensky looks on during a press conference with French President at the presidential Elysee palace in Paris on February 16, 2024, after signing a bilateral security agreement. Ukraine has managed to "stabilize" its positions on the home battlefield, in "all those areas of the front where the Russian army expected to succeed at the moment," Ukrainian Volodymyr Zelenskyy said in his nightly address. Zelenskyy separately acknowledged four people were killed in Kharkiv in northeastern Ukraine on Thursday, following a Russian strike with an Iranian-make "Shahed" drone on a residential area. The toll included three rescuers from Ukraine's state emergency service. The Kyiv leader added he has spoken with the military to bolster air defense for Kharkiv, Sumy and the country's southern regions.
Persons: Volodymyr Zelensky, Volodymyr Zelenskyy, Zelenskyy Organizations: French Locations: Paris, Ukraine, Kharkiv, Russian, Iranian, Sumy
Hong Kong CNN —Janet Yellen has kicked off her second visit to China as US treasury secretary to continue efforts to further stabilize ties between the world’s two largest economies. “During prior meetings with her Chinese interlocutors, Yellen has largely avoided taking a strong stance on controversial issues,” he said. Trade tensionsBiden administration officials have suggested raising tariffs on Chinese imports to “level” the playing field for trade. Former President Donald Trump has threatened to slap 60% tariffs on imports from China if he is re-elected. The “forces” are often referred to as emerging industries such as EVs, new materials and artificial intelligence.
Persons: Hong Kong CNN — Janet Yellen, Yellen, , ’ Yellen, Joe Biden, Xi Jinping, Li Qiang, Lifeng, Liu He, Pan Gongsheng, Lan Fo’an, Craig Singleton, , Biden, Xi’s, Donald Trump, Rick Waters, , Xi, Waters, don’t, ” Singleton Organizations: Hong Kong CNN, People’s Bank of China, Finance, Foundation for Defense of Democracies, Bali . Trade, Biden, Trump, Treasury Department Locations: China, Hong Kong, Georgia, United States, California, Guangzhou, Beijing, Washington, Bali ., Eurasia
It is about verifying, as the president says,” the official told CNN when asked about Xi’s pledge that Beijing will not interfere in the US’ 2024 election. The Biden administration plans to continue stressing to Beijing the US’ grave concerns about Chinese efforts to hack US critical infrastructure, the official said. “We would hope there would be a chance for another in-person meeting” in the near future, the senior administration official said. A Treasury official told reporters Monday she planned to have frank discussions on what the administration considers “unfair” trade practices from China. In January, Sullivan met with the Chinese foreign minister in Bangkok, and Blinken met with the Chinese official in Munich in February.
Persons: Joe Biden, Xi Jinping, Biden, , Antony Blinken, Xi, Xi –, Jake Sullivan, Vladimir Putin, , Yellen, Janet Yellen, Sullivan, Blinken, Lloyd Austin, CNN’s Sam Fossum, Arlette Saenz Organizations: Washington CNN, White, Biden, CNN, Treasury, Defense Locations: Gaza, Ukraine, Washington, Beijing, Taiwan, South, Taiwan Strait, China, Woodside , California, California, , Russia, Guangzhou, Bangkok, Munich
Domino's Pizza's China operator DPC Dash reported Wednesday its 26th straight quarter of same-store sales growth — including the pandemic period. Pizza push Domino's has a roughly 14% stake in DPC Dash, which listed in Hong Kong about a year ago. Woo has a buy rating on DPC Dash and a price target of 73.05 Hong Kong dollars. "Chinese people do eat pizza," DPC Dash CEO Wang said. Yum China, which owns Pizza Hut in China among other brands, is set to release earnings in late April.
Persons: DPC Dash, they've, Xi Jinping, Papa John's, Papa, DPC, Aileen Wang, Wang, Walter Woo, Woo, McDonald's, That's, Christopher J, Kempczinski Organizations: Starbucks, Apple, HSBC, U.S, DPC, Advertising, Hong, Hong Kong Stock Exchange Locations: China, Shanghai, U.S, DPC, Hong Kong, North America, Beijing, Xi'an, Changsha, FY24E, Thurs
China's President Xi Jinping speaks at an event held by the National Committee on US-China Relations and the US-China Business Council on the sidelines of the Asia-Pacific Economic Cooperation (APEC) Leaders' Week in San Francisco, California, on November 15, 2023. Carlos Barria | Afp | Getty ImagesBEIJING — Chinese President Xi Jinping told U.S. executives on Wednesday that bilateral relations can improve, and pledged that Beijing would keep working to improve the business environment. In the Chinese side's readout, Xi described China's economy as "sound and sustainable," and pushed back on some forecasts that the country would soon "peak." The National Committee on U.S.-China Relations did not provide a statement. "I commend [Xi's] personal engagement in the U.S.-China relationship, including a meeting like this.
Persons: Xi Jinping, Carlos Barria, Stephen Schwarzman, Cristiano Amon, Evan G, Greenberg, Harvard's John F, Dean Graham Allison, Craig Allen, Xi, Wang Yi, Zheng Shanjie, Commerce Wang Wentao, Rajesh Subramaniam, Chubb Organizations: National Committee, China Relations, China Business Council, Economic Cooperation, APEC, Afp, Getty, U.S, China -, Blackstone, Qualcomm, Kennedy School of Government, U.S ., China Business, Authorities, National Development, Commerce, FedEx, CNBC, Committee Locations: Asia, San Francisco , California, BEIJING, Beijing, China, United States, U.S
CNBC Daily Open: Focus turns to key inflation data
  + stars: | 2024-03-28 | by ( Sumathi Bala | ) www.cnbc.com   time to read: +2 min
Photographer: Christopher Dilts/Bloomberg via Getty ImagesThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Xi on China tech progressChinese President Xi Jinping told Dutch Prime Minister Mark Rutte that no force can stop China's tech advance. Separately, Xi also told U.S. executives that bilateral ties can have a "brighter future" and vowed to improve the business environment. The next few days could prove crucial in diverting trade away from the port, logistics executives told CNBC, after a container ship collided into the Francis Scott Key Bridge early Tuesday.
Persons: Christopher Dilts, Topix, Xi, Xi Jinping, Mark Rutte, Janet Yellen, Yellen, Francis Scott Key, David Neuhauser Organizations: Bloomberg, Getty, CNBC, Nikkei, U.S ., CSI, Dow, Nasdaq, Dutch, Xinhua News Agency, U.S, Treasury, Francis Scott Key Bridge, Livermore Partners Locations: Chicago , Illinois, Japan, Seng, China, Beijing, U.S, Baltimore, Port of Baltimore
The decision scraps duties as high as 218% on Australian wine exports to China, its largest overseas market once worth more than 1 billion Australian dollars ($653 million). The Australian government said it welcomed Beijing’s decision “which comes at a critical time for the Australian wine industry.”“Since 2020, China’s duties on Australian wine effectively made it unviable for Australian producers to export bottled wine to that market,” the statement read. “There are a lot of people in the Australian wine industry who will be reaching out for a good glass of wine tonight and feeling a whole lot happier about their future,” Bruce Tyrrell, managing director of Tyrrell’s Wines in New South Wales, told CNN. Annual wine production hit its lowest point in more than 15 years during 2022-2023, Wine Australia said. Lee McLean, head of national association of grape and wine producers Australian Grape & Wine, said industry groups were working with the Australian government to “ensure a coordinated re-entry” into the market.
Persons: , , that’s, ” Bruce Tyrrell, Lee McLean, ” McLean, Anthony Albanese’s, Albanese, Wang Yi, Penny Wong, Yang Hengjun, Wong Organizations: Sydney CNN, China’s Ministry of Commerce, Canberra, World Trade Organization, Tyrrell’s, CNN, Wine Australia, Global, Wine, China’s Foreign, Anthony Albanese’s Labor, China’s, Ministry, Australian Locations: Hong Kong, Sydney, China, Australia, Beijing, New South Wales, Wine Australia, United Kingdom, Europe, China’s
This ritual, epitomized by high-profile engagements — such as Apple CEO Tim Cook's effusive overtures and statements of commitments to China — signals that American corporate titans think the strategy can still work. Tim Cook's narrative of China as "critical" to Apple , coupled with his admiration for the country's advanced manufacturing capabilities, embodies the ethos of this engagement playbook. Apple's Chief Executive Officer Tim Cook attends the China Development Forum in Beijing on March 24, 2024. It's not that the Apple CEO is doing anything wrong. Chinese Apple superfans jostled to enter the smartphone maker's newest store as it opened on March 21 night.
Persons: Tim Cook's, Tim Cook, Pedro Pardo, Jim McNerney, Xi Jinping's, Mark Zuckerberg, Deirdre O'Brien, Strstr, Xi, Xi Jinping, Li Qiang Organizations: Apple, American, titans, U.S, Apple's, China Development Forum, AFP, Getty, Boeing, Airbus, Volkswagen, Qualcomm, Google, Facebook, Huawei, Afp Locations: China, Beijing, Weibo, Shanghai
The forum this year coincided with other efforts to attract foreign business. However, a combination of geopolitical tensions, regulatory uncertainty and slower economic growth have made it more challenging for foreign businesses in China. ... foreign companies share the same lack of confidence and worries about an uncertain future that is felt amongst much of China's domestic industry. Looking for economic clarityFor businesses considering China investment plans, the country's near-term growth outlook is another factor. He emphasized China's large market, industrial supply chain, and pointed out how China has worked on issues such as data exports and equal market treatment for foreign businesses.
Persons: Tim Cook, Management Dean Bai Chong, Xi Jinping, Stephen Schwarzman, Cristiano Amon, Mark Carney, Rajesh Subramaniam, Joe Biden, Carlos Gutierrez, Sean Stein, Gutierrez, Biden, Scott Kennedy, Peter Bachmann, Bachmann, Kennedy, Stephen S, Roach, Yale Law School's Paul Tsai, he's, China's, Han Zheng, Amin H, Nasser Organizations: Apple, China Development Forum, Tsinghua University School of Economics, Management, China News Service, Getty, U.S . Blackstone, Qualcomm, Bloomberg, FedEx, China, Cyberspace Administration, U.S, American Chamber of Commerce, of Commerce, Scott, Scott Kennedy Center for Strategic, Studies, China Centre, University of Applied Sciences, Arts Northwestern Switzerland, Center for Strategic, International Studies, Yale Law, Yale Law School's Paul Tsai China, Communist Party, Invest, CNBC, Aramco Locations: China, BEIJING, U.S, San Francisco, Beijing, Shanghai, Washington ,, Saudi
China’s economy has struggled to recover from severe self-imposed restrictions during the COVID-19 pandemic that it lifted only at the end of 2022. But Xi said that China was again contributing to world economic growth in the double digits percentage-wise. China's economy has been bogged down by a crisis in its property market in which builders are struggling under mountains of debt, and buyers are paying off loans on apartments that may never be completed. Other issues, such as an aging population and high youth unemployment, are prompting China's leaders to lean more heavily on boosting export manufacturing to make up for weak demand at home. “The respective successes of China and the United States create opportunities for each other," Xi was quoted as saying by Xinhua.
Persons: , Xi Jinping, Xi, ” Xi, Stephen A, Biden, Donald Trump, , Craig Allen, China's, Antony Blinken, Janet Yellen Organizations: BEIJING, U.S, Communist Party, China's, Xinhua News Agency, Blackstone . Trade, U.S ., China Business Council, Apple, Xinhua Locations: Beijing, China, U.S, United, Washington, San Francisco, Taiwan, Hong Kong, Tibet, Xinjiang, People's Republic, United States
When I got breast cancer, after processing my diagnosis for myself, I had to tell my four kids. AdvertisementMy four children were eight, six, four, and 10 months old when I learned I had breast cancer. I went to many appointments, learned more about my breast cancer type and stage, and prepared to make the decision between getting a lumpectomy or a mastectomy. It was during this decision time that I revealed to my children that I had breast cancer. When I got cancer for a second time, I was honest with them againUnfortunately, three and a half years later, I had a breast cancer recurrence in my chest wall.
Persons: , I'd, they'd, Rachel Garlinghouse Organizations: Service
MOSCOW (Reuters) - Russia's newly appointed ambassador to Japan has warned Tokyo of serious consequences and retaliatory steps if Patriot missile systems manufactured under U.S. licence in Japan end up in Ukraine, the RIA news agency reported on Friday. RIA cited the new envoy, Nikolai Nozdrev, as saying that Moscow would be watching closely to see where Japanese arms exports ended up after Tokyo softened its export rules at the end of last year. In particular, he said, Russia would be watching to see if and when any Patriot missile complexes and missiles made in Japan under U.S. licence are exported to the United States and then to Ukraine. "Accordingly, we will be watching carefully to make sure that the Patriots delivered do not end up in Ukraine, because if that happens, there will be the most severe consequences for bilateral (Russia-Japan) relations, including our retaliatory steps," RIA cited him as saying. The Latest Photos From Ukraine View All 96 Images(Reporting by Reuters; Writing by Andrew Osborn; Editing by Mark Trevelyan)Photos You Should See View All 60 Images
Persons: RIA, Nikolai Nozdrev, Andrew Osborn, Mark Trevelyan Organizations: Patriot, U.S, Patriots, Reuters Locations: MOSCOW, Japan, Tokyo, Ukraine, Moscow, Russia, United States
The flags of China and Hong Kong displayed in rows. China's embassy hit back against U.S. criticism of Hong Kong's new national security law on Thursday, saying the U.S. should "respect China's sovereignty." Hong Kong lawmakers passed a new national security law on Tuesday which critics say grants the government more power to quash dissent. "Hong Kong is China's Hong Kong. Hong Kong affairs are purely China's internal affairs, which no country is in the position to point fingers at or interfere in," a spokesperson said on Wednesday.
Persons: Hong, Hong Kong's, Vedant Patel, John Lee, Wang Yi, — CNBC's Evelyn Cheng, Clement Tan Organizations: U.S . State Department, Kong's Legislative, China's, Beijing, China - Locations: China, Hong Kong, U.S, China's, Hong Kong . Hong Kong, Kong's, China - U.S
China and New Zealand are working toward implementing an upgraded version of the free trade agreement between the two countries. Wang met New Zealand Trade Minister Todd McClay during an official visit to New Zealand. New Zealand was the first developed country to sign a bilateral free trade deal with China in 2008. China's door to the world will open even wider, Wang said, pledging to forge closer cooperation with New Zealand in the next decade and emphasizing on the need to safeguard free trade. He will be holding the seventh China-Australia Foreign and Strategic Dialogue with Australian Foreign Minister Penny Wong in his visit to Australia.
Persons: Wang Yi, Wang, Todd McClay, McClay, Winston Peters, China's, Peters, Penny Wong Organizations: Xinhua, New Zealand Trade, New Zealand, Foreign Affairs, Australian Foreign Locations: China, New Zealand, New, Xinjiang, Hong Kong, Tibet, Zealand, South, Sea, Taiwan Strait, Taiwan, Beijing, Philippines, Wang, Australia, Mar
The debate over whether Chinese-owned TikTok can operate in the U.S. is back with fervor, revealing more about the risk for Chinese stocks in a U.S. presidential election year. Such considerations motivated Goldman Sachs analysts to update their model for measuring the level of risk from U.S.-China tensions in Chinese stocks. Their barometer, created in 2020, "has correlated well with the U.S.-China events timeline, and China equity performance," the analysts said. Goldman's revised U.S.-China tensions barometer stands at a modest 53 out of 100, indicating a "somewhat benign" outlook for the bilateral relationship. But as the TikTok bill now makes its way to the Senate, many analysts expect its momentum to slow.
Persons: Goldman Sachs, Goldman's, It's, Raymond James, That's, Steven Mnuchin, CNBC's, Mnuchin, Donald Trump, Joe Biden, Trump, Biden, Goldman, — CNBC's Michael Bloom Organizations: U.S ., Goldman, U.S, Chinese Communist Party, IMEIK Technology, Postal Savings Bank Locations: U.S, China, Beijing
SEOUL, South Korea (AP) — Shohei Ohtani may be South Korea's most-beloved Japanese athlete, a testament to his charm in softening any lingering animosity between the two neighbors. “I think Ohtani would perhaps be the first Japanese athlete who we can say we like. After his arrival in South Korea, he told reporters that he’s always respected South Korea’s national teams and called South Korea “one of my favorite countries." In 2019, a forced-labor issue triggered widespread public campaigns in South Korea to boycott Japanese goods and services. But despite their often-rocky political relations, South Korea and Japan are closely linked to each other culturally and economically.
Persons: covets, , Lee Jong, , Hwang Seon, he’s, Yoon Suk, Heung, ” Lee, ___ Organizations: Major League Baseball, San Diego Padres, Los Angeles Dodgers, Korean, Dodgers, Seoul’s Hanyang University, Ohtani’s South, South, Twitter, Tottenham Hotspur Locations: SEOUL, South Korea, Korean, Japan, Korea, South Koreans
US President Joe Biden during a bilateral meeting with UK Prime Minister Rishi Sunak in the Oval Office at the White House on June 8, 2023 in Washington, DC. President Joe Biden's campaign has amassed $155 million in cash on hand for the 2024 election, far exceeding the in-hand total for his Republican opponent, Donald Trump. The president raised $53 million alone last month, which was the strongest grassroots fundraising month since the campaign launched, according to campaign officials. Biden's cash on hand total is the highest amassed by any Democratic candidate in history during this point in the campaign, the campaign said. Emails to Biden supporters that focused on concerns over Trump helped drive up support last month.
Persons: Joe Biden, Rishi Sunak, Joe Biden's, Donald Trump, Biden, Barack Obama, Bill Clinton, We've, Trump's, Jaime Harrison Organizations: UK, White House, Republican, Biden, Trump, Democratic, RNC, Democratic National Committee Locations: Washington , DC, New York, Wisconsin
North Korean leader Kim Jong Un waves as he attends the opening ceremony of the Gangdong Greenhouse in this picture released on March 16, 2024. North Korean leader Kim Jong Un used a Russian luxury limousine gifted by President Vladimir Putin, Kim's sister said Saturday, praising the car's "special function" and the two countries' deepening bilateral ties. In February, Putin sent Kim a high-end Aurus Senat limousine, which he had shown to the North Korean leader when they met for a summit in Russia in September. "The special function of the private car is perfect and can be thoroughly trusted," Kim Yo Jong said, without specifying. According to Russian state media, Aurus was the first Russian luxury car brand, and it's been used in motorcades of top officials since Putin first used an Aurus limousine during his inauguration ceremony in 2018.
Persons: Kim Jong, Vladimir Putin, Kim's, Putin, Kim, Kim Yo Jong, Aurus, it's Organizations: North Korean, Observers, United, Russian Federation Locations: Russia, United Nations, North Korea, Russian
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