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Treasury Secretary Yellen to visit China this week to deepen communication

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Yellen marks the second top ranking U.S. official to visit China in recent weeks, following Secretary of State Antony Blinken last month

U.S. Treasury Secretary Janet Yellen will travel to Beijing from July 6-9 for meetings with Chinese officials to cover topics including U.S. concerns over a new Chinese counterespionage law, a senior Treasury official said on Sunday.

President Joe Biden has been pushing to deepen communications between the world’s leading economies, and it is hoped this trip can help stabilise the relationship and minimise the risks of any possible disagreements.

It follows a recent trip by Secretary of State Antony Blinken just weeks ago, which also sought to ensure the two countries do not fall into conflict. Biden did cause some concern in Beijing when he subsequently referred to China’s President, Xi Jinping as a “dictator”, however the overall response following those remarks has been muted.

Yellen plans to tell China that Washinton will continue to defend human rights and its own national security interests, but seeks to cooperate on climate change and rising debt distress faced by many smaller countries.

“We seek a healthy economic relationship with China, one that fosters growth and innovation in both countries,” the official said. “We do not seek to decouple our economies. A full cessation of trade and investment would be destabilising for both our countries and the global economy.”

Yellen was expected to meet the Chinese Vice Premier He Lifeng, according to a second Treasury Department official.

 

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Warner Brothers & Discovery considers splitting up to boost stock value

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Warner Bros Discovery is considering a strategic breakup to enhance its stock performance, according to a Financial Times report.

The potential move aims to unlock value by separating its media assets from its reality TV and lifestyle businesses.

This decision follows pressure from investors to improve stock performance, amidst challenges in the media industry #featured #trending

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Investors worldwide grow increasingly optimistic about Trump winning the election

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Investors are increasingly optimistic about Donald Trump’s potential re-election, prompting a resurgence in the so-called ‘Trump trade’.

Market participants are closely monitoring Trump’s political strategies and public sentiment, influencing their investment decisions.

Kyle Rodda from Captial.com joins to discuss all the latest.

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Netflix expands use of ads despite slow subscriber growth

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Netflix is intensifying its efforts to introduce an ad-supported tier amidst a plateau in subscriber growth.

The streaming giant hopes to attract new users and boost revenue by offering a cheaper alternative that includes advertisements.

This move marks a significant shift from its traditional ad-free model, reflecting Netflix’s response to competitive pressures and evolving consumer preferences.

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