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Is the U.S. desperately trying to make China happier after trips to Taiwan?

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Another big-name U.S. official is heading to China. First, it was Secretary of State Antony Blinken a few weeks ago, now Treasury Secretary Janet Yellen will be making the trip

 
U.S. Treasury Secretary Janet Yellen will be visiting Beijing from July 6-9 to meet with senior Chinese officials on a range of issues, including U.S. concerns over China’s counterespionage laws.

Her’s is the second trip of a high-ranking U.S. official in a matter of weeks, following Secretary of State Antony Blinken’s trip just weeks ago.

These two trips stand in contrast to the recent diplomatic norm where U.S. officials would be more likely to visit Taiwan, the self-proclaimed independent nation state off the coast of China.

Speaker of the house Kevin McCarthy visited the territory earlier this year, and his predecessor Nancy Pelosi did so in 2022.

Both visits brought strong condemnation from the Chinese government, and Blinken and Yellen’s trips may reflect a change in tactic by Washington to ease tensions between the two countries.

Tensions which have only grown in recent years, in no small part due to China’s stance on Taiwan, which China rejects its claims of independence, regarding it as a rebellious part of the larger country.

Business leaders such as Bill Gates and Elon Musk have also begun making the trip to China as well in recent months.

Bruce Wolpe of the U.S. Studies Centre said Yellen’s trip was part of President Biden’s push to stabilise relations between the two countries as he would not want to inadvertently escalate into a military conflict through poor communication.

He also said it would be a good opportunity for Yellen to gauge the strength of China’s economy, which has slowed ever since battling to contain the Covid-19 pandemic.

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Markets brace as U.S. government reopens ahead of key Fed signals

U.S. government funded through January; traders anxious amid economic data delays and potential December rate cut.

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U.S. government funded through January; traders anxious amid economic data delays and potential December rate cut.


The U.S. government is funded through January, averting another shutdown for now, but economic data delays and shifting Fed expectations are keeping traders on edge.

Markets now price in a 64% chance of a December rate cut as officials deliver crucial speeches this week.

#USMarkets #FederalReserve #GovernmentShutdown #InterestRates #USEconomy #WallStreet #Inflation #Treasury #FinanceNews #GlobalMarkets


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Starmer under strain as leadership rumours grow

Keir Starmer faces internal pressure and speculation of a leadership challenge ahead of the crucial Autumn Budget.

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Keir Starmer faces internal pressure and speculation of a leadership challenge ahead of the crucial Autumn Budget.


UK Prime Minister Keir Starmer faces mounting internal pressure amid talk of a leadership challenge and economic strain ahead of the Autumn Budget.

Chancellor Rachel Reeves’ looming tax decisions and Starmer’s sinking approval ratings are fuelling speculation across Westminster.

#UKPolitics #KeirStarmer #LabourParty #RachelReeves #AutumnBudget #LeadershipChallenge #BritishPolitics #Westminster #Economy #UKNews


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SoftBank sells Nvidia stake to fund massive AI push

SoftBank sells $5.8B Nvidia stake to invest in AI, sparking analysts’ views on Masayoshi Son’s bold gamble.

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SoftBank sells $5.8B Nvidia stake to invest in AI, sparking analysts’ views on Masayoshi Son’s bold gamble.


SoftBank has sold its entire $5.8 billion Nvidia stake to double down on artificial intelligence, investing heavily in OpenAI and the colossal $500 billion Stargate data-centre project.

Analysts say it’s Masayoshi Son’s boldest tech gamble yet.

#SoftBank #Nvidia #OpenAI #AI #MasayoshiSon #Stargate #TechNews #Investing #DataCenters #ArtificialIntelligence


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