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☆ Indonesia's Bali considers banning mountain climbing following spate of bad tourist behavior
▼ + stars: | 2023-06-14 | by ( Heather Chen | ) edition.cnn.com time to read: +5 min

Dubbed the “island of the Gods,” Bali is one of the world’s most popular tourist destinations, regularly ranking high on global travel polls. The new rules will apply to Bali’s 22 mountains, which have now been closed indefinitely for climbers. Mountains and volcanoes are popular among many visitors who flock to Bali to enjoy its beaches, jungles and rice paddy fields. Guides and local agencies told CNN that it was still business as usual but heavily lamented the ban. “Bali is only starting to bounce back from the pandemic, now is not a good time to be choosing which tourists we want.

Persons: CNN —, ” Wayan Koster, ”, Wayan Koster, Batur, Che, Mount Agung, “, Sandiaga Uno, it’s, Tjokorda Bagus Pemayun Organizations: CNN, CNN — Bali’s, Foreigners, Police Locations: Bali, Indonesia, Mount Agung, Bali’s, Russian, Seminyak, Mount, Jakarta

Blinken's long-delayed visit is aimed at stabilizing relations between the world's two largest economies and strategic rivals. Chinese state media said Blinken would visit on June 18 and 19. Kritenbrink said Blinken would hold a series of meetings with senior Chinese officials. The two sides did not say which officials Blinken would meet. "I believe Secretary Blinken will advocate strongly that these lines of communication are necessary.

Persons: Antony Blinken's, Qin Gang, Joe Biden, Blinken, We're, Daniel Kritenbrink, Kritenbrink, Xi Jinping, Matthew Miller, Antony Blinken, Faisal Bin Farhan, Ahmed Yosri, Xi, Kurt Campbell, Blinken's, Janet Yellen, Gina Raimondo, Campbell, Biden, Qin, Humeyra Pamuk, David Brunnstrom, Simon Lewis, Doina Chiacu, Chizu Nomiyama, William Maclean Organizations: Wednesday, U.S, Blinken, State, U.S . State Department, Saudi Foreign, Intercontinental, REUTERS, Washington, Treasury, Thomson Locations: United States, China, Beijing, U.S, East Asia, Taiwan, Ukraine, Blinken's, Riyadh, Saudi Arabia, Bali, North Korea

☆ Financial advisors have met their match in TikTok
▼ + stars: | 2023-06-14 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

The impact of artificial intelligence on Wall Street has plenty of people concerned, but some financial advisors fear a much more sinister opponent. Financial advisors are right to be concerned. A 2022 survey found Gen Z was more likely to seek out financial advice from TikTok (34%) and YouTube (33%) than a financial advisor (24%). Couple that with their often obsessive consumption of social media, and you start to see why financial advisors never had a fighting chance. More on why advisors are worried about young people turning to TikTok for help with their finances.

Persons: Dan DeFrancesco, we've, James Gorman's, Morgan Stanley, David Solomon, Goldman Sachs, Samantha Lee, Insider's Lindsay Dodgson, Z, they've, that's, Kelsey Wells, Kyle Davies, Su Zhu, Davies, Zhu, Brian, Lisa Sugar, David Solomon can't, Let's, Jeffrey Cane, Nathan Rennolds Organizations: Insider, YouTube, Arrows, Avid Capital Advisors, Wall, LinkedIn Locations: Dublin, Bali, Miami, South Beach, New York, San Francisco, Chicago, London

U.S. officials said Blinken would push to establish open communication channels to ensure competition with the Chinese does not spiral into conflict. Chinese state media said Blinken would visit on June 18 and 19. Kritenbrink said Blinken would hold a series of meetings with senior Chinese officials. The two sides did not say which officials Blinken would meet. "I believe Secretary Blinken will advocate strongly that these lines of communication are necessary.

Persons: Antony Blinken's, Qin Gang, Joe Biden, Blinken, We're, Daniel Kritenbrink, Kritenbrink, Xi Jinping, Matthew Miller, Xi, Kurt Campbell, Blinken's, Janet Yellen, Gina Raimondo, Campbell, Biden, Qin, Humeyra Pamuk, David Brunnstrom, Simon Lewis, Doina Chiacu, Chizu Nomiyama, William Maclean Organizations: Wednesday, U.S, Blinken, State, U.S . State Department, Washington, Treasury, Thomson Locations: United States, China, Beijing, U.S, East Asia, Taiwan, Ukraine, Blinken's, Bali, North Korea

☆ Factbox: Top US-China exchanges since Biden took office
▼ + stars: | 2023-06-12 | by ( ) www.reuters.com time to read: +5 min

Below is a list of some of the other high level U.S.-China exchanges since then. FIRST TRADE TALKS - May 26, 2021U.S. Trade Representative Katherine Tai and China's then Vice Premier Liu He held talks virtually, the first such high level trade talks between the world's two biggest economies since Biden took office. DIPLOMAT VISITS CHINA - July 26, 2021Deputy Secretary of State Wendy Sherman held talks with State Councillor Wang Yi, in Tianjin, China. DEFENCE CHIEFS HOLD FIRST TALKS - April 20, 2022U.S. Defense Secretary Lloyd Austin held a call with China's then defence minister Wei Fenghe, the first talks between the two officials since Biden took office. BIDEN AND XI MEET IN BALI - November 14, 2022Biden and Xi held their long-awaited first face-to-face leadership talks on the sidelines of the G20 summit in Bali, Indonesia.

Persons: Antony Blinken, Joe Biden, BIDEN, Biden, Xi Jinping, Xi, Jake Sullivan, Yang Jiechi, Wang Yi, Katherine Tai, China's, Liu, Wendy Sherman, SULLIVAN, YANG, Sullivan, Yang, Lloyd Austin, Wei Fenghe, WANG, Wang, Nancy Pelosi, HARRIS, Kamala Harris, Gina Raimondo, Wang Wentao, National Defense Li Shangfu, Li, Martin Quin Pollard, Raju Gopalakrishnan Organizations: U.S, FIRST, National Security, . Trade, CHIEFS, . Defense, General Assembly, BIDEN, IN, Economic Cooperation APEC, CHINA COMMERCE, . Commerce, Commerce, Washington D.C, China's, National Defense, Pentagon, Austin, Thomson Locations: China, U.S, Anchorage , Alaska, Blinken, CHINA, Tianjin, Taiwan, North Korea, ROME, Russia, Ukraine, Beijing, New York, IN BALI, Bali , Indonesia, BANGKOK, Asia, Thailand, MUNICH, Munich, WASHINGTON, Washington, Singapore

☆ Since Three Arrows Capital collapsed, the crypto fund's founders have reportedly been meditating in Bali, learning to surf, and taking shrooms
▼ + stars: | 2023-06-10 | by ( Madeline Berg | ) www.businessinsider.com time to read: +3 min

When hedge fund Three Arrows Capital collapsed last year, it left the crypto world reeling. But the firm's founders, Kyle Davies and Su Zhu, have reportedly had it pretty good ever since. Just because your crypto firm collapsed, doesn't mean you are going to end up on house arrest at your parents' pad. As the liquidation process began for their crypto firm, both founders flew to Bali — Indonesia notably doesn't have an extradition treaty with the United States — the Times reported. According to the Times, Zhu started to hang out with surfers and UFC fighters.

Persons: Kyle Davies, Su Zhu, Zhu surfed, Davies, Hemingway, Zhu, liquidators Organizations: Arrows Capital, Morning, New York Times, United, Times, Twitter, UFC Locations: Bali, Bali — Indonesia, United States, Bahrain, Singapore

☆ Their Crypto Company Collapsed. They Went to Bali.
▼ + stars: | 2023-06-09 | by ( David Yaffe-Bellany | ) www.nytimes.com time to read: +1 min

Mr. Zhu said he was tuning out the criticism. “At least these people like me.”This month, Open Exchange unveiled its own cryptocurrency, called OX, like the animal. “Nothing compares to the energy of a startup.”Privately, Mr. Davies has been encouraging Three Arrows’ creditors to trade their bankruptcy claims on Open Exchange. By the end of the meal, Mr. Davies was rattling off business ideas. For a while, he and Mr. Zhu considered making a film about Do Kwon and the collapse of Luna.

Persons: Zhu, John F, Kennedy, “, ”, “ I’m, ” Mr, Davies, Privately, Els Pescadors, Kwon Organizations: Twitter, “, Exchange, Arrows, Open, Sundance Locations: Singapore, Barcelona, Dubai

☆ Rio Waida: He grew up with the world's best waves but pioneering Indonesian found surfing success the hard way
▼ + stars: | 2023-06-07 | by ( George Ramsay | ) edition.cnn.com time to read: +7 min

Aaron Hughes/World Surf LeagueDespite Indonesia’s reputation as an iconic surf destination, Waida is the first person from the southeast Asian country to compete on the Championship Tour. “In Indo, we have the best waves and every day is good waves. I lost a lot before I qualified [for the Championship Tour]. However, disappointing results in Australia at the Rip Curl Pro and the Margaret River Pro saw Waida drop down the rankings. It’s tough, surfing against the best surfers … I have to give everything, there’s no easy road.

Persons: Rio, Waida, ”, “, Kelly Slater, Mick Fanning –, Aaron Hughes, I’ve, ” Waida, Slater, Gabriel Medina, John John Florence, Lisi Niesner, Curl, Margaret River, He’s, …, Brent Bielmann, Waida prioritizes Organizations: CNN, Olympics, Surf, Waida, Indonesia –, Tokyo, Paris, Reuters, Billabong Pro Pipeline, Curl Pro, City El Salvador Pro Locations: Indonesian, Bali, Indonesia, California, Europe, Japan, Australia, Brazil, United States, Hawaii, Curl Pro Portugal, Oahu

Secretary of State Antony Blinken is expected to travel to China in the coming weeks for talks, two U.S. officials told NBC News on Tuesday. The news comes after a previously planned trip was postponed following the discovery of a Chinese spy balloon flying over the United States. U.S. officials did not provide additional details on the timing of Blinken's rescheduled trip, which was first reported by Bloomberg. President Joe Biden and Chinese President Xi Jinping previously met in November in Bali, Indonesia, where they agreed that Blinken would visit China to follow up on the discussions. A Chinese government representative defended its actions, saying Monday that "China always respects the right of navigation."

Persons: Antony Blinken, Blinken, Wang Yi, Ned Price, Joe Biden, Xi Jinping, John Kirby, Biden Organizations: American Israel Public Affairs, NBC, U.S, Bloomberg, ., State Department, China's Ministry of Foreign Affairs, National Security, U.S . Locations: Washington , DC, China, United States, . American, South Carolina, Singapore, Bali , Indonesia, Taiwan, Bali, American, Beijing

☆ Biden will ‘at some point’ meet with China’s Xi Jinping, top White House official says
▼ + stars: | 2023-06-04 | by ( Sam Fossum | ) edition.cnn.com time to read: +5 min

CNN —President Joe Biden will “at some point” meet with Chinese President Xi Jinping, according to White House national security adviser Jake Sullivan, as the two countries work to reset normal relations amid what has been an extremely tumultuous and tense year in the relationship. And then, at some point, we will see President Biden and President Xi come back together again,” Sullivan told CNN’s Fareed Zakaria in an interview on “GPS” that aired Sunday. That is the firm conviction of President Biden,” Sullivan added. The incident marked the second time in two weeks that Chinese military personnel have engaged in aggressive maneuvers in the vicinity of US military personnel near China’s border. Tensions between Washington and Beijing soared in February after a suspected Chinese spy balloon flew over the continental US and was subsequently shot down by the American military.

Persons: Joe Biden, Xi Jinping, Jake Sullivan, “, Biden, Xi, ” Sullivan, CNN’s Fareed Zakaria, Sullivan’s, Antony Blinken, ”, Qin Gang, Sullivan, Wang Yi, it’s, Zakaria, Zelensky Organizations: CNN, White House, GPS, Canadian, State Department, East Asian, United, Ukrainian, US, Russian Locations: United States, Taiwan, China’s, South, Washington, Beijing, China, reengage, Vienna, Bali , Indonesia, Ukraine, Kyiv, Russia, Russian, Berdiansk

☆ Air New Zealand has been ranked the best airline in the world, a study found. See which others made the top 10.
▼ + stars: | 2023-06-03 | by ( Beatrice Nolan | Marielle Descalsota | ) www.businessinsider.com time to read: +6 min

Air New Zealand has been ranked the best airline in the world by AirlineRatings.com. Air New Zealand has been ranked the best airline in the world by AirlineRatings.com, a website for airline safety and product reviews. Air New Zealand was ranked first for best economy class; Qatar Airways took the lead for business class; and Singapore Airlines was ranked the best first-class airline. Air New ZealandSafety: 7/7Product: 7/7Air New Zealand, or Air NZ, is headquartered in Auckland, New Zealand. Korean Air has an average score of 7.8/10 based on 60 AirlineRatings.com reviews.

Persons: Geoffrey Thomas, Taylor Rains, Johannes P, Virgin Atlantic Sir Richard Branson, Steve Parsons, Richard Branson, Emirates Yursi Abu Barak Organizations: Morning, Air New, Qatar Airways, Air, Zealand, Singapore Airlines, Delta, US, Ryanair, New Zealand, Air New Zealand Air, Air New Zealand, Air NZ, . Air NZ, Qatar Airways Qatar Airways, Etihad Airways, Etihad Airways Airbus, Etihad, UAE, Korean Air Korean, Airlines, Korean Air, Christo, Anadolu Agency, Getty Images, SIA, Qantas Qantas, Qantas Media Safety, Qantas, Virgin, Virgin Atlantic Boeing, Heathrow Airport, Virgin Atlantic, Delta Airlines, Cathay Pacific Airways Cathay, Boeing, Cathay, Nikkei, Emirates, Dubai . Emirates, UAE . Emirates Locations: Zealand, Air New Zealand, Europe, Air, Auckland , New Zealand, Doha, Qatar, Al Jazeera, Abu Dhabi, UAE, Seoul, South Korea, Bali , Indonesia, Singapore, Asia, Mascot, Australia, Virgin Australia, Crawley , England, Taoyuan City, Taiwan, East Asia, Cathay Pacific Airways Cathay Pacific, Hong Kong, Nikkei Asia, Dubai ., Emirates, Dubai

☆ Australia's most decorated soldier loses multiple defamation claims against media who alleged war crimes
▼ + stars: | 2023-06-01 | by ( Hilary Whiteman | ) edition.cnn.com time to read: +7 min

In some cases, he found the papers established contextual truth, which is also a defense under Australia’s Defamation Act. “Today is a day of some small justice for the Afghan victims of Ben Roberts-Smith,” said McKenzie. Ali Jan was a husband … He was kicked off a cliff by Ben Roberts-Smith, and he was murdered with Ben Roberts-Smith’s participation. Claims of violent acts committed by elite troops were echoed in the Brereton Report, a four-year investigation into the alleged war crimes in Afghanistan released in November 2020. The responsibility for these atrocities does not end with Ben Roberts-Smith,” he said.

Persons: Australia CNN —, solider, –, Anthony Besanko, Besanko, Ben Roberts, Smith, Roberts, ”, James Chessell, newsrooms, ” Chessell, Peter Bartlett, MinterEllison, “, Nick McKenzie, Chris Masters, McKenzie, “ Ali Jan, Ali Jan, …, ” Besanko, Angus Campbell, Campbell “, unreservedly ”, It’s Organizations: Australia CNN, Federal Court, Sydney Morning Herald, Canberra Times, Australia’s, Cross, SAS, Nine, CNN, Australian, Australian Defence Force Locations: Brisbane, Australia, Afghanistan, Bali , Indonesia, Sydney, “

☆ This couple bootstrapped their way to a multimillion-dollar business. Here are their top tips for success
▼ + stars: | 2023-06-01 | by ( Goh Chiew Tong | ) www.cnbc.com time to read: +5 min

The duo shared three tips with CNBC Make It on how to run a successful business — in good and bad times. Putting customers firstWhen it comes to building a successful business, Hamilton has one guiding principle: you have to make products that people love. She launched the hair masque in 2018 when she saw a "mid-tier space" in hair care products that had yet to be filled — products of salon-grade quality, but at an affordable price. When people love one product, you can convert product love to brand love. "When people love one product, you can convert product love to brand love," Ostrowski shared.

Persons: Emily Hamilton, Alexander Ostrowski, Coco, Tik, Ostrowski, Emily, Hamilton, Emily Hamilton Co, they're, —, it's, Alexander Ostrowski Co, there's, I've Organizations: CNBC, Hamilton, Eve, Coco Locations: Bali, Singapore, Covid

☆ 10 Things in Tech: Amazon’s guide to AI in different industries, Earth’s neighboring star, and workers look for less stressful jobs
▼ + stars: | 2023-05-30 | by ( Diamond Naga Siu | ) www.businessinsider.com time to read: +4 min

In other news:Tech workers are searching for low stress jobs on social media. Tech workers are looking for less stressful jobs. But one Amazon worker said there's "no such thing as [a] high pay low stress job in tech." Love Love Love: Award-winning engagement photos from around the world. Email dsiu@insider.com or tweet @diamondnagasiu) Edited by Alistair Barr (tweet @alistairmbarr) in San Francisco and Hallam Bullock (tweet @hallam_bullock) in London.

☆ At Guantánamo’s Court Like No Other, Progress Is Frustrated by State Secrets
▼ + stars: | 2023-05-30 | by ( Carol Rosenberg | ) www.nytimes.com time to read: +1 min

More than 20 years have elapsed since the attacks in Bali and Jakarta killed more than 200 people, seven of them Americans. The three men have been in U.S. custody for nearly two decades, starting in C.I.A. But the lawyers and judge are still trying to figure out what portions of the proceedings are supposed to be secret. Secrecy permeates the proceedings like no other American court. It is enough time for prosecutors to signal to a court security officer, who is schooled in C.I.A.

☆ You hate your job but you love working from home: You're in remote-work handcuffs
▼ + stars: | 2023-05-28 | by ( Rebecca Knight | ) www.businessinsider.com time to read: +5 min

There are many unhappy remote workers who wish they could quit and get another remote job. The golden handcuffs phenomenon is an obvious parallel, Denise Rousseau, a professor of organizational behavior at Carnegie Mellon's Tepper School of Business, told Insider. "If you're remaining in a job for purely extrinsic reasons — your working conditions are hard to replace — you're going to have more stress." In March 2022, roughly 20% of job listings on LinkedIn offered remote work; last month, such listings dwindled to 10%. David Bakke works from home in Georgia and said that while he doesn't "completely hate" his position, he'd quit if he could find another remote job.

☆ Yellen’s Debt Limit Warnings Went Unheeded, Leaving Her to Face Fallout
▼ + stars: | 2023-05-27 | by ( Alan Rappeport | ) www.nytimes.com time to read: +1 min

In the days after November’s midterm elections, Treasury Secretary Janet L. Yellen was feeling upbeat about the fact that Democrats had performed better than expected and maintained control of the Senate. But as she traveled to the Group of 20 leaders summit in Indonesia that month, she said Republicans taking control of the House posed a new threat to the U.S. economy. “I always worry about the debt ceiling,” Ms. Yellen told The New York Times in an interview on her flight from New Delhi to Bali, Indonesia, in which she urged Democrats to use their remaining time in control of Washington to lift the debt limit beyond the 2024 elections. “Any way that Congress can find to get it done, I’m all for.”Democrats did not heed Ms. Yellen’s advice. Instead, the United States has spent most of this year inching toward the brink of default as Republicans refused to raise or suspend the nation’s $31.4 trillion borrowing limit without capping spending and rolling back parts of President Biden’s agenda.

☆ This LA talent manager started her own business only using handshake deals. Here's how she landed top clients and helped them achieve what they care about most.
▼ + stars: | 2023-05-27 | by ( Pete Syme | ) www.businessinsider.com time to read: +4 min

But she doesn't sign contracts with her clients, instead focusing on genuine relationships. Talent managers might have a bad rep with overbearing contracts and hefty fees, but for Perice and Made By All, clients are only held to a handshake. "I don't believe in contracts, so everything is a handshake for me, and my word is my contract," she said. Deals between clients and brands are done with signed contracts, but Perice still communicates with the NFL via DMs and texts. "Adam loves giving back, so we're able to really tie in the things that he cares about his brand."

Persons: Leanne Perice, She's, —, I'm, Teyana Taylor, Perice, –, Kanye, Taylor, Ugo Mozie, There's, influencer Helen Owen, Adam Waheed, it's, Waheed, Adam Organizations: Service, Interscope Records, NFL, DMs, CMO, UPS, Spice, Forbes Locations: Bali, West Coast, Los Angeles, Europe, Florence, Italy, Fairfax

We're looking to de-risk and diversify our relationship with China," Biden told a press conference, adding that G7 nations were more unified than ever in terms of "resisting economic coercion together and countering harmful practices that hurt our workers." Biden suggested a shift in U.S.-China relations could occur soon, echoing his comment to reporters before his departure. "In terms of talking with them, I think you're going to see that thaw very shortly," Biden said. On the issue of tensions between China and Taiwan, Biden said there was a clear understanding among most of the allies that if China were to act unilaterally against Taiwan, there be a response. Biden reiterated that the United States and G7 allies would not trade in materials that would allow China to build weapons of mass destruction, but that was "not a hostile act."

☆ S.Korea's Yoon, India's Modi agree to step up cooperation on defence, bio-health sectors
▼ + stars: | 2023-05-20 | by ( ) www.reuters.com time to read: 1 min

[1/2] FILE PHOTO-Indian Prime Minister Narendra Modi speaks during the G20 leaders summit in Nusa Dua, Bali, Indonesia, Tuesday, Nov. 15, 2022. Dita Alangkara/Pool via REUTERSSEOUL, May 20 (Reuters) - South Korean President Yoon Suk Yeol held talks with Indian Prime Minister Narendra Modi on Saturday and agreed to enhance cooperation on defence and bio-health sectors, Yoon's office said. The meeting was held on the sidelines of the G7 summit in Hiroshima, Japan as South Korea and India were invited to the summit as guest countries. Reporting by Soo-hyang Choi; Editing by Jacqueline WongOur Standards: The Thomson Reuters Trust Principles.

☆ To Counter China, G7 Countries Borrow Its Economic Playbook
▼ + stars: | 2023-05-19 | by ( Jim Tankersley | Ana Swanson | ) www.nytimes.com time to read: +1 min

Midway through his face-to-face meeting with President Biden in Indonesia last fall, the Chinese leader, Xi Jinping, offered an unsolicited warning. For months, he and his aides had worked to recruit allied countries to impose their own restrictions on sending technology to China. The effort echoed the sort of industrial policy that China had employed to become the world’s manufacturing leader. In Bali, Mr. Xi urged Mr. Biden to abandon it. As Mr. Biden and fellow leaders of the Group of 7 nations meet this weekend in Hiroshima, Japan, a centerpiece of their discussions will be how to rapidly accelerate what has become an internationally coordinated round of vast public investment.

☆ I'm a beauty influencer who's gone on several brand trips. It may look glamorous, but they can be loads of work and I've experienced inequality on the job.
▼ + stars: | 2023-05-13 | by ( Jordan Hart | ) www.businessinsider.com time to read: +7 min

I grew up watching YouTube beauty gurus go on brand trips, and now it's my job to do the same thing. I started creating beauty content for the free makeup, but I found a full-time career instead. So far, I've been to Florida, Turks and Caicos, and more on brand trips with beauty companies. While most believe the whole point of brand trips is to produce content, some companies invite us on trips with no strings attached. In your daily life it's easy to pace yourself, but there's pressure to optimize your time on brand trips.

Jake Sullivan, White House national security adviser, speaks during an interview at an Economic Club of Washington event in Washington, D.C., U.S., on Thursday, April 14, 2022. The White House described the meeting between Biden's national security advisor Jake Sullivan and China's top diplomat Wang Yi as "candid, substantive and constructive." The White House said it aims to keep up open communication with China, as Washington increasingly sharpens its rhetoric around Beijing's policies around the globe. The White House has said that it has not observed Beijing providing military assistance to the Kremlin for its fight in Ukraine. Such brinksmanship weakens our national security," the former Pentagon chiefs wrote in a letter.

☆ IMF still concerned by banking sector wobbles - chief economist
▼ + stars: | 2023-05-09 | by ( Reuters Staff | ) www.reuters.com time to read: 1 min

FILE PHOTO: A participant stands near a logo of IMF at the International Monetary Fund - World Bank Annual Meeting 2018 in Nusa Dua, Bali, Indonesia, October 12, 2018. REUTERS/Johannes P. Christo/File PhotoPARIS (Reuters) - The International Monetary Fund remains concerned about recent turbulence in the banking sector despite actions by the U.S. and Swiss authorities to deal with troubled banks on their watch, its chief economist Pierre-Olivier Gourinchas said on Monday. Speaking to journalists in Paris, he added that “the story is not over” and that EU banks were not immune to problems as long as the bloc did not go further to complete long-discussed mechanisms to deal with failed banks.

☆ China’s Foreign Minister Meets U.S. Envoy, Urges Washington to Reflect
▼ + stars: | 2023-05-08 | by ( David Pierson | ) www.nytimes.com time to read: +1 min

In the three months since, China has ramped up a campaign of anti-American rhetoric and tried to drive a wedge between the United States and Europe, which is divided over how closely to align with Washington’s more hawkish policies toward Beijing. Mr. Qin blamed “a series of erroneous words and deeds” by the United States for undermining “the hard-won positive momentum of Sino-U.S. relations,” according to the Chinese readout. Mr. Qin said he hoped the Biden administration could “reflect deeply” and push the relationship “back on track.” To do that, Washington needed to respect “China’s bottom line” on issues such as Taiwan, the self-governing island claimed by Beijing. Mr. Qin said the United States was “supporting and condoning ‘Taiwan independence’ separatist forces.”China reacted angrily to a visit last month by President Tsai Ing-wen of Taiwan to the United States. In a post on Twitter, Mr. Burns said he and Mr. Qin “discussed challenges in the U.S.-China relationship and the necessity of stabilizing ties and expanding high-level communication.”

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