Spotify said Tuesday that founder Daniel Ek is stepping down as CEO to become the executive chairman, in an announcement that sent its shares sliding in Tuesday trading. The Stockholm-based streaming giant said Ek will be replaced by two lieutenants who will become co-CEOs: Chief Product and Technology Officer Gustav Söderström and Chief Business Officer…
Chinese Vice-Premier He Lifeng and US Treasury Secretary Scott Bessent are leading a new round of trade talks in Madrid, with the tariff truce reached in Stockholm set to expire in November. The delegations arrived at the Spanish foreign ministry in central Madrid on Sunday afternoon local time, just hours after the Chinese team touched…
Hong Kong exporters have expressed relief after a 90-day extension to a trade tariff truce between China and the US, with worries easing over potentially affected shipments bound for the world’s largest consumer market ahead of the major Thanksgiving and Christmas holiday seasons. But while the move provides a reprieve from the trade dispute escalating,…
US Trade Representative Jamieson Greer sounded a cautiously optimistic note on discussions with China on rare earth flows, following trade talks that further steadied ties between the economies. Greer said the key industrial components were a focus of negotiations in Stockholm last week that Beijing said led to an extension of their tariff truce. Without…
The United States is aiming for a possible extension of the tariff pause with China, US Trade Representative Jamieson Greer said in a television interview released on Sunday. Confronted by a CBS News journalist with claims from the Chinese side that the current deadline of August 12 would be postponed, Greer said: “That’s something we’re…
US Treasury Secretary Scott Bessent said on Friday that meetings with his Chinese counterparts this week “advanced our talks”, but stopped short of confirming that US President Donald Trump approved the consensus that Beijing claimed they had reached. “This week’s negotiations in Stockholm have advanced our talks with China, and I believe that we have…
Claims by the head of the FBI that China is a threat to the Indo-Pacific are groundless, Beijing said as the American security agency opened its first permanent office in New Zealand. “We strongly oppose any attempt to make groundless assertions or vilification against China out of the Cold War mentality,” the Chinese embassy in…
The US government sent mixed messages on Thursday on where the latest trade agreement with China, including a possible extension of the pause on tariff hikes, is headed. Asked by a reporter at the regular press briefing whether an extension of the current pause on import tariffs aimed at each others’ products “was on the…
US President Donald Trump said on Wednesday that talks with China on a tariff deal were “moving along well” and that the countries would reach a “fair” deal on trade, without offering additional details of the agreement. “We’re moving along with China. We’re doing fine with China,” Trump told reporters before leaving a bill-signing ceremony…
A trader works on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., July 11, 2025. Jeenah Moon | Reuters Stock futures were relatively unchanged on Monday on the heels of the S&P 500 and Nasdaq Composite eking out yet another record despite a market rally failing to materialize. S&P…