China’s foreign minister, Qin Gang, accused the U.S. ambassador to China of what he said was the U.S. government’s support for Taiwan and suggested that China wanted U.S. concessions in return for the improved channels of communication sought by the White House. According to the press release issued by the Chinese Ministry of Foreign Affairs … Read more
Inflation in the euro zone rebounded slightly in April after falling for five straight months as food prices remained high. That makes the ECB’s task of bringing down stubborn inflation ahead of its meeting this week more difficult. Updated May 2, 2023 18:05 CST Inflation in the euro zone rebounded slightly in April after falling … Read more
U.S. President Joe Biden and others called for the release of Wall Street Journal reporter Evan Gershkovich imprisoned in Russia at the annual White House Correspondents’ Association dinner in Washington. Updated May 2, 2023 08:15 CST President Joe Biden and others called for the release of Wall Street Journal reporter Evan Gersh imprisoned in Russia … Read more
A group of shareholders has filed a lawsuit against Adidas, alleging the sporting goods company failed to warn investors about Kanye West’s anti-Semitic comments and “extreme behavior” that it knew of. Updated May 2, 2023 07:50 CST A group of shareholders has filed a lawsuit against Adidas AG, alleging the sporting goods company failed to … Read more
The U.S. recession that many investors were expecting did not materialize in the first quarter and probably won’t occur in the second. Updated April 28, 2023 16:15 CST The U.S. recession that many investors were expecting did not materialize in the first quarter, and probably won’t happen in the second. Real gross domestic product (GDP), … Read more
The phone call between Chinese leader Xi Jinping and Ukrainian President Volodymyr Zelensky could address two issues in increasingly tense Sino-European relations. One is the recent confusion caused by China’s ambassador to France, Lu Shaye, who appears to question the sovereignty of Ukraine and other former Soviet states. Another is the long-term question of the … Read more
Seagate continues to sell hard drives to Huawei despite stricter export controls imposed on Huawei in 2020, the Commerce Department said. Updated April 20, 2023 10:20 CST Two subsidiaries of Seagate Technology Holdings PLC (STX) agreed to pay $300 million for violating export restrictions on Huawei Technologies Co. The export restrictions stem from U.S. government … Read more
Shares of Tencent fell on Wednesday after Prosus, the largest shareholder in the Chinese internet giant, said it planned another significant reduction in its stake in the company. Updated April 13, 2023 10:25 CST Shares in Tencent Holdings Ltd. , 0700.HK , fell on Wednesday after the Chinese internet giant’s largest shareholder said it planned … Read more
The U.S. State Department on Monday identified Evan Evan, who was arrested by Russian security services last month. The “wrongful detention” of Evan Gershkovich kicked off a broad campaign by the U.S. government to pressure Russia to release the Wall Street Journal reporter. Gershkovic is being held on charges of espionage. The Wall Street Journal … Read more
Schumer and McConnell called on Russia to release arrested Wall Street Journal reporter Evan Gershkovich, the first case since the Cold War in which an American journalist was arrested by Moscow on charges of espionage. Updated April 8, 2023 09:15 CST Democratic and Republican leaders in the Senate have called on Russia to release Evan … Read more