Venezuela set new conditions for elections this year, flouting a US-brokered agreement and potentially triggering tougher sanctions by Washington. The changes could bring forward the date of vote and weaken guarantees of international monitoring, according to the definitive document with the proposals. President Nicolás Maduro’s government signed the new deal during a meeting with allies … Read more
President Joe Biden sought to show his determination to stand up to Russia in announcing fresh sanctions on Friday, but his resolve only went so far over concerns that the toughest measures left in the US arsenal risk roiling the global economy. A 200-page list of targets based in Russia, the United Arab Emirates, China … Read more
China announced fresh sanctions on five US defense industry companies, in response to the latest arms sales deals to Taiwan. The companies affected include BAE Systems Land and Armament, Alliant Techsystems Operation, AeroVironment, ViaSat and Data Link Solutions, the Chinese foreign ministry said in a statement Sunday. The measures consist of freezing the properties of … Read more
This is Washington Edition, the newsletter about money, power and politics in the nation’s capital. Every Friday, White House correspondent Akayla Gardner delivers a roundup of the key news and events in politics, policy and economics that you need to know. Sign up here and follow us at @bpolitics. Email our editors here. Note: Washington … Read more
US, China Competition Is Back Two Weeks After Xi Met Biden Bloomberg Source link
For most of us, weight loss is a positive. For an economy, not so much. New analysis showing that China’s global heft has declined for the first time since 1994 illustrates why its chances of overtaking the US economy are increasingly in doubt. While the International Monetary Fund and others regularly cite China as the … Read more
Over the summer, Beijing limited Pentagon chief Lloyd Austin to a single handshake with sanctioned Chinese Defense Minister Li Shangfu at a top military forum. Now, Li’s drop from public view could help reboot senior-level military talks between the superpowers. The Chinese defense chief is reportedly under probe after not being seen in public since … Read more
I’m Malcolm Scott, international economics enterprise editor in Sydney. Today, Vlad Savov and Debby Wu from our tech team look at what Huawei’s new phone tell us about China’s economic ascent. Send us feedback and tips to ecodaily@bloomberg.net or get in touch on X (formerly known as Twitter) via @economics. And if you aren’t yet … Read more
Huawei Technologies Co. and China’s top chipmaker have built an advanced 7-nanometer processor to power its latest smartphone, a sign Beijing is making early progress in a nationwide push to circumvent US efforts to contain its ascent. Huawei’s Mate 60 Pro is powered by a new Kirin 9000s chip that was fabricated in China by … Read more
President Xi Jinping began his third term with a diplomatic blitz that bolstered his image as a global statesman. Now, he’s skipping the world’s premier international forum of world leaders — and it’s not exactly clear why. It could be due to diplomatic sparring with India that Xi is snubbing the Group of 20 meeting … Read more