Latest in Billion Beijing
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Chinese Nationalists Praise Trump’s Cuts to Voice of America
Beijing has long criticized the outlet, as well as Radio Free Asia, for highlighting human rights abuses in China.The New York Times - Mar. 18 -
China delays approval of BYD’s Mexico plant
Beijing is concerned US proximity could lead to leakage of key smart car technology used by Tesla’s main rivalFinancial Times - Mar. 19 -
CK Hutchison records bumper profits at ports ahead of BlackRock deal
Conglomerate faces criticism from Beijing for $22.8bn agreement with consortium led by US asset managerFinancial Times - 6d -
Trump Has Hinted at a Xi Visit. China Is Still Wondering What He Wants.
Chinese experts say Beijing is open to talks but is being stonewalled by the State Department and other official channels.The New York Times - 5d -
China’s Tax Revenue Declines as Its Leaders Brace for Trump’s Tariffs
Tax revenues have fallen, leaving the government with less money to help consumers or exporters as Beijing braces for President Trump’s tariffs.The New York Times - 4d -
How Elon Musk’s DOGE Cuts Leave a Vacuum That China Can Fill
The Department of Government Efficiency is shuttering organizations that Beijing worried about most, or actively sought to subvert.The New York Times - 4d -
China explores services subsidy to boost weak domestic demand
Support for travel, tourism and sports comes as Beijing doubles funding for goods trade-in scheme to $41bnFinancial Times - 2d -
China releases detained Mintz employees as Xi courts global CEOs
Visiting executives include Apple’s Tim Cook and Pfizer’s Albert Bourla as Beijing seeks investmentFinancial Times - 2d -
China Releases Mintz Employees After 2-Year Detention
The release of the five employees, detained during a crackdown on foreign due diligence, comes as Beijing is trying to bring back overseas investment.The New York Times - 1d -
US adds dozens of Chinese entities to export blacklist
Move marks Trump administration’s first attempt to stifle Beijing’s development of military-related technologyFinancial Times - 1d -
EU and Canada retaliate after Trump’s metals tariffs take effect
Brussels and Ottawa hit tens of billions of dollars' worth of US imports with leviesFinancial Times - Mar. 12 -
Mallinckrodt and Endo to combine after emerging from bankruptcy linked to opioid crisis
Groups have resolved billions of dollars in claims for selling highly addictive painkillersFinancial Times - Mar. 13 -
Confidence in German economy surges as parliament approves huge spending plan
Investors welcome prospect of hundreds of billions of euros to be spent on infrastructure and defenseMarketWatch - Mar. 18 -
We 'must act': Europe retaliates against Trump's 25% tariffs on steel and aluminum imports
The European Union said it would impose counter-tariffs on 26 billion euros ($28.33 billion) worth of U.S. goods starting in April in response to the duties.CNBC - Mar. 12 -
The UK is cutting welfare spending to urge people to work. Critics say it will hurt the vulnerable
Britain’s Labour Party government has announced an overhaul of the welfare system it says will save the cash-strapped administration 5 billion pounds, or $6.5 billionABC News - Mar. 18 -
Anthropic just gave Claude a superpower: real-time web search. Here’s why it changes everything
Anthropic launches real-time web search for Claude AI, challenging ChatGPT's dominance while securing $3.5 billion in funding at a $61.5 billion valuation.VentureBeat - 6d -
China Hits Canada With Tariffs in Indirect Riposte to Trump
Beijing, which set steep duties on canola, peas and pork, wants Canada and Mexico to resist U.S. pressure to raise tariffs on Chinese goods.The New York Times - Mar. 8 -
China Condemns CK Hutchison-BlackRock Panama Canal Deal
The Hong Kong conglomerate CK Hutchison’s planned sale of ports in Panama to a group led by BlackRock, the American finance giant, is under fire from Beijing.The New York Times - Mar. 14 -
China Backs Iran in Nuclear Talks, Slams ‘Threat of Force’ From the West
Beijing sought to position itself as a key player in negotiations with Iran over its nuclear program, as President Trump called for talks with Tehran.The New York Times - Mar. 14 -
China’s retail sales strengthen at the start of the year, industrial output tops expectations
China's economic data for the first two months of the year showed a modest pickup as Beijing reiterated its plan to bolster domestic consumption.CNBC - Mar. 17 -
Trump and China Clash Over Panama Canal in Test of Hong Kong’s Status
Beijing’s threat to stop a tycoon’s sale of his ports business has dealmakers wondering if they can still operate without political interference.The New York Times - 5d -
China’s bond yields are rising — but economists say deflation worries could soon pull them lower
Chinese commercial banks across the country have rushed to dole out cheaper consumption loans, heeding Beijing's call to bolster spending.CNBC - 5d -
Taiwan President Takes Tougher Stance Toward China
Lai Ching-te, the president of Taiwan, may be betting that China’s appetite for retaliation will be limited by Beijing’s interest in containing tensions with the Trump administration.The New York Times - 2d -
Apple and Nvidia led Monday’s $750 billion tech wreck. How to play the aftermath.
Trump’s policy moves are causing angst. But one analyst says the broader AI thesis is still intact, and he names Tesla and Microsoft among big potential winners.MarketWatch - Mar. 10 -
China's $41 billion plan to boost consumption is just a start as deflationary pressures deepen
Chinese policymakers have increasingly acknowledged the need to counter deflationary pressure at home.CNBC - Mar. 11 -
Trump vows to take ‘hundreds of billions’ in tariffs as Australia’s hopes of getting exemption fades
Australia unlikely to escape US president’s global steel and aluminium tariffs despite intense lobbying to be carved out. Follow our Australia news live blog for latest updates Get our ...The Guardian - Mar. 11 -
From Maid to Mortgage Mogul: How Patty Arvielo Built a Billion-Dollar Lending Empire
Patty Arvielo built her company, New American Funding, to weather uncertainty and she still finds time to pay it forward.Inc. - Mar. 11 -
Canada hits U.S. with $21 billion of retaliatory tariffs as global trade war heats up
The first shots of President Donald Trump’s global trade war have been fired.NBC News - Mar. 12 -
Spotify says it paid $10 billion in royalties in 2024 — but only 4% of its artists make a living
The music-streaming giant has long been the target of criticism from artists about paltry payments, but said it doled out record royalties last year.MarketWatch - Mar. 12 -
LSU's legendary 2019 team tops half a billion in NFL earnings as Ja'Marr Chase, Derek Stingley Jr. cash in
LSU's former stars are raking it in thanks to Chase's blockbuster new dealCBS Sports - Mar. 17 -
Pepsi will pay $1.7 billion for a soft-drink company that got its start on ‘Shark Tank’
Pepsi looks to boost its healthy offerings with Poppi, a maker of prebiotic drinks.MarketWatch - Mar. 17 -
Google plans to buy cybersecurity company Wiz for $32 billion. Here’s why the startup is so valuable.
Wiz was founded only five years ago but offers an increasingly important cloud-security service as cyber risks grow.MarketWatch - Mar. 18 -
Ex-Roma CEO Guido Fienga recalls failed stadium project: “One billion euros up in smoke.”
Former Roma CEO Guido Fienga recalled the failed stadium project during James Pallotta’s ownership of the club.The current director of the Saudi fund PIF, spoke at the Festival of Law and Economics ...Yahoo Sports - Mar. 19 -
$100 billion Arizona chips project will break dependence on China, Taiwan's president says
Taiwan’s President hailed TSMC's massive investment in Arizona as the “best model” for efforts to build supply lines for chips that don’t rely on China.NBC News - 6d -
FirstFT: Nvidia to spend billions in US as it shifts chip supply chain from Asia
Also in today’s newsletter, the Fed cuts its 2025 growth forecast and how Jeff Bezos made peace with MagaFinancial Times - 6d -
Celtics to reportedly be sold to private equity firm co-founder Bill Chisholm for record $6.1 billion
The Celtics reportedly found their next owner.Yahoo Sports - 6d -
Boston Celtics being sold to Bill Chisholm for North American record $6.1 billion
Chisholm is a tech investor who is the managing partner of Symphony Technology Group in San Francisco.Yahoo Sports - 6d -
Boston Celtics sold to Mass. native, technology group co-founder for record-breaking $6.1 billion
The Boston Celtics have been sold to a Massachusetts native and New England graduate, according to a report by the Boston Globe.Yahoo Sports - 6d -
The blogger who was right about Nvidia is now panning a $25 billion AI company
Jeffrey Emanuel, known for turning Wall Street’s attention to the risk DeepSeek might pose to Nvidia, warns that CoreWeave’s IPO is way overvalued.MarketWatch - 6d -
European leaders push for even more defense spending — despite plans for $867 billion 'ReArm' package
"I think this is only the start," Lithuanian President Gitanas Nausėda told CNBC's Silvia Amaro on the EU's plans to boost defense spending.CNBC - 6d
