China Denounces U.S. Probe Into Shipbuilding Sector
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China unveils package to boost property sector
Central bank eases lending requirements and lowers downpayments to ease years-long slowdownFinancial Times - World - China -
China moves to revive stricken property sector
Also in this newsletter: main UK political parties ramp up campaigning, US-built pier in Gaza opens for aid, science round-upFinancial Times - World - China -
China Hints at Possible Retaliation Against EU Probes
China has hinted at potential retaliation in response to the European Union’s investigations into Chinese companies, and launched a probe into chemical imports.The Wall Street Journal - World - China -
China eases mortgage rules in latest push to aid property sector
China’s financial regulators said Friday that they would remove the mortgage rate floors for first and second homes, and lower minimum downpayment ratios for first-time homebuyers.MarketWatch - Business - China -
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China pledges $42 billion in a slew of measures to support the struggling property sector
Chinese authorities on Friday pledged new support for state-owned enterprises to enable them to buy unsold apartments.CNBC - Business - China -
China pledges $42 billion in a slew of measures to support the struggling property sector
Chinese authorities pledged new support for state-owned enterprises to enable them to buy unsold apartments, in an effort that could help developers get more funding to finish construction on pre-sold properties.NBC News - Top stories - China -
China retaliates against the US and EU with anti-dumping probe
Tit-for-tat investigation into thermoplastics follows a pattern established during the Trump presidencyFinancial Times - World - China -
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China's sweeping measures to prop up the property sector will need time to show results
China's sweeping moves on Friday to increase support for real estate will take time to show results, analysts said.CNBC - Business - China -
Last pandas in the U.S. are going back to China
The last pandas in the U.S. --four at Zoo Atlanta -- will soon be heading back to China this fall as a loan agreement expiresCBS News - Top stories - China -
The U.S. Finally Has a Strategy to Compete With China. Will It Work?
The strategy, which took seven years to come together, is a three-legged stool consisting of tariffs, security restrictions and tech subsidies.The Wall Street Journal - World -
U.S.-China tensions are blocking the road for EV manufacturers
Biden administration is confident that U.S. car companies will adapt to new tariffs on Chinese-made products.MarketWatch - Business - China -
China hinted at potential retaliation in response to the EU's investigations into Chinese companies and launched an antidumping probe into chemical imports.
China hinted at potential retaliation in response to the EU’s investigations into Chinese companies and launched an antidumping probe into chemical imports.The Wall Street Journal - World - China -
Putin meets Xi as Russia-China ties flourish amid tension with U.S.
Xi Jinping welcomes Vladimir Putin to Beijing - talking peace in Ukraine amid a backdrop of war and growing tension with the U.S. and NATO.CBS News - Politics - China -
Last pandas in the U.S. have a timetable to fly back to China
Atlanta received Lun Lun and Yang Yang from China in 1999 as part of a 25-year loan agreement that will soon expire.CBS News - Top stories - China -
Yellen says U.S. wants to diversify, not decouple, from China
Treasury Secretary Janet Yellen said the U.S. is trying to diversify but not decouple from China, a week after a series of new tariffs were introduced.MarketWatch - Business - China -
Yellen Urges Joint U.S.-European Anti-Dumping Response to China
The Treasury Secretary calls for a coordinated policy that keeps cheap goods from flooding both markets and sustains domestic manufacturing.Inc. - Business - China -
The U.S. Raised Tariffs on China. Now It Wants Europe's Support.
Washington is trying to wrangle its European allies into a united front against a surge in Chinese exports.The Wall Street Journal - World -
Microsoft Asks Hundreds of China-Based AI Staff to Consider Relocating Amid U.S.-China Tensions
The request comes as the Biden administration toughens controls on China’s access to cutting-edge American technology.The Wall Street Journal - Tech - China -
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China sanctions Boeing, two other U.S. defense companies on day of Taiwan's presidential inauguration
China sanctions Boeing, two other U.S. defense companies on day of Taiwan's presidential inaugurationABC News - World - China -
Smaller European brands are embracing the U.S. as alternative growth markets such as China and Russia become increasingly fraught.
Smaller European brands are embracing the U.S. as alternative growth markets such as China and Russia become increasingly fraught.The Wall Street Journal - World - China -
Productivity Surging in AI-Intensive Sectors
A report from PwC says information technology, professional and financial services and in information technology are more than four times more productive than other sectors because of their AI use.Inc. - Business -
Microsoft is asking hundreds of employees in its China-based cloud-computing and AI operations to consider transferring outside the country, as it finds itself caught in the crosshairs of escalating U.S.-China tensions.
Microsoft is asking hundreds of employees in its China-based cloud-computing and AI operations to consider transferring outside the country, as it finds itself caught in the crosshairs of escalating U.S.-China tensions.The Wall Street Journal - World -
Stefanik to Denounce Biden, and Praise Trump, in Speech to Israel’s Parliament
The New York congresswoman will become the highest-ranking House Republican to speak before Israel’s Parliament since the Oct. 7 attacks, in a move meant to capitalize on Democratic divisions.The New York Times - Top stories - Joe Biden -
Netanyahu denounces bid to arrest him over Gaza war
Israel's prime minister lambasts the ICC, saying it has compared Israel to "mass murderers".BBC News - Top stories - Israel -
Four Lawmakers Denounce Plan to Ease Sanctions on Mining Executive
A White House proposal to allow the billionaire Dan Gertler to sell off his assets in the Democratic Republic of Congo sparks a bipartisan rebuke.The New York Times - Top stories -
Radical change looms for Japanese legal sector
Advisers are braced for more domestic businesses to become targets for unsolicited takeoversFinancial Times - World - Japan -
Israel-Gaza live updates: GOP Rep. Stefanik to visit Knesset, denounce Biden
More than six months after Hamas terrorists invaded Israel on Oct. 7, the Israeli military continues its bombardment of the neighboring Gaza Strip.ABC News - Top stories - Joe Biden -
UK grocery inflation falls to ‘more normal levels’, sector data shows
Kantar figures indicate prices rose 2.4% in the four weeks to mid-May, down from 3.2% the previous monthFinancial Times - Business - United Kingdom -
Productivity soars in sectors of global economy most exposed to AI, says report
Employers in UK, one of 15 countries studied, willing to pay 14% wage premium for jobs requiring AI skills. The sectors of the global economy most heavily exposed to artificial intelligence (AI) are witnessing a marked productivity increase and ...The Guardian - World -
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Boeing Woes: Criminal Probe, Spacecraft Delays
In a tightly controlled meeting, shareholders approved outgoing CEO Dave Calhoun's $32 million compensation as the Justice Department investigates apparent safety lapses and its space capsule sits on the launch pad.Inc. - Business -
FDIC chair to quit following workplace harassment probe
Chief of US banking regulator says he will leave post as soon as successor is confirmedFinancial Times - Business -
Senators call for probe on failed Andretti F1 bid
A bipartisan group of U.S. senators has called on President Joe Biden's administration to investigate F1's decision to reject Andretti's attempt to join the grid.ESPN - Sports -
Police to probe protocols during Scheffler arrest
The Louisville Metro Police Department will investigate whether its officers followed proper protocols when world No. 1 golfer Scottie Scheffler was arrested Friday outside Valhalla Golf Club.ESPN - Sports -
Card payments remain a ‘challenge’ for legal cannabis as major banks avoid the sector. Changing classification won’t help.
Standard credit card transactions remain elusive but more financial services firms are moving into the space.MarketWatch - Business