Month: April 2024
Antony Blinken and Xi Jinping hold ‘candid’ talks in Beijing
The US secretary of state, Antony Blinken, has wrapped up a rare trip to Beijing where he met China’s president, Xi Jinping, concluding a high-stakes visit aimed at stabilising spiralling relations. A Path Forward…
Tesla shares slide to 15-month low ahead of earnings, as Wall Street frets over price cuts, layoffs
Tesla shares fell for a seventh straight day, reaching their lowest since January 2023, as further price cuts over the weekend added to mounting concerns heading into the company’s first-quarter earnings report Tuesday. The…
China Vanke says it has plans in place amid short-term liquidity pressure
State-backed property developer China Vanke said it is facing short-term liquidity pressure and operational difficulties, but added that it has prepared “a basket of plans” to stabilise its business and cut debt. A Basket of…
Yellen says U.S.-China relationship on ‘more stable footing’ but more can be done
U.S. Treasury Secretary Janet Yellen met Sunday in Beijing with Chinese Premier Li Qiang and sent a message of mutual cooperation despite the nations’ differences. Yellen came to China top of mind with trade…
Bankman-Fried sentenced to 25 years for multi-billion dollar FTX fraud
Sam Bankman-Fried was sentenced to 25 years in prison by a judge on Thursday for stealing $8 billion from customers of the now-bankrupt FTX cryptocurrency exchange he founded, the last step in the former…