The decision to suspend new port fees on Chinese-built, owned, or operated vessels starting on Monday has drawn sharp criticism from Democrats, who say it undercuts US President Donald Trump’s claims of being tough on China. They are not alone in pushing back. While shippers see the move easing costs and boosting trade, labour unions…
Nov 10 (Reuters) – Tesla (TSLA.O), opens new tab board chair Robyn Denholm thanked the electric-vehicle maker’s shareholders on Monday for approving CEO Elon Musk’s $878 billion pay package. The approval marks one of the largest compensation votes in corporate history and underscores investor willingness to bet on Musk’s leadership as Tesla pursues its next…
Germany needs to think long term and come up with a strategic vision to revive mutual trust with China following a series of diplomatic “bumps” this year, according to international relations observers. The relationship faced a setback last month when German Foreign Minister Johann Wadephul postponed his first trip to China. A German foreign ministry…
International brands led by Tesla are intensifying their efforts to compete with Chinese electric-vehicle (EV) manufacturers like BYD, as they showcase advanced intelligence and autonomous-driving technology to attract visitors at the world’s largest import-export trade fair in Shanghai. The 12 major carmakers, including General Motors and Volvo, are leveraging the China International Import Expo (CIIE),…
WASHINGTON More than 1,000 flights were canceled across the United States on Friday after the Trump administration ordered reductions to ease strain on air traffic controllers working without pay amid a federal government shutdown. Forty airports were slated for the cuts, including major hubs in Atlanta, Newark, Denver, Chicago, Houston and Los Angeles. With Republicans and…
China now has the largest naval fleet in the world, and its growing numbers of nuclear-powered submarines are an integral part of its efforts to project power beyond its coastal waters. But the view from Beijing is growing more complex as a handful of US allies in the Pacific also ramp up deployment of nuclear-powered…
US President Donald Trump granted a pardon on Friday to a former New York police sergeant who was convicted of helping China try to scare an ex-official into going back to his homeland, a prominent case in US authorities’ efforts to combat what they claim are Beijing’s far-flung efforts to repress critics. Michael McMahon was…
This year marks half a century of formal diplomatic relations between China and the European Union as well as the 25th anniversary of the founding of the European Union Chamber of Commerce in China. Here, Shi Jiangtao looks at how the relationship has been affected by Trump 2.0 and accompanying ups and downs of US-China…
Tech sector amounts to 36% weight in S&P 500, more than in dot-com era Tech remains best performing sector YTD AI-related declines could prompt broader weakness NEW YORK, Nov 6 (Reuters) – This week’s wobble in shares connected to artificial intelligence is a stark reminder that the U.S. stock market is ever more reliant on…
BEIJING/SHANGHAI, Oct 30 (Reuters) – China’s BYD Co Ltd (002594.SZ), opens new tab, on Monday posted record third-quarter earnings, its highest ever for any quarter, as the electric vehicle giant preserved its domestic market leadership despite softer demand and increased competition. Net profit for the third quarter reached 10.41 billion yuan ($1.42 billion), a 82.2%…