Pakistan, IMF reach $3 billion staff-level agreement
ISLAMABAD (Reuters) -The International Monetary Fund (IMF) has reached a staff-level pact with Pakistan on a $3 billion stand-by arrangement,
2023-06-30 11:36
UBS to impose restrictions on Credit Suisse bankers after takeover complete, FT says
UBS AG is set to impose tight restrictions on Credit Suisse bankers, including a ban on new clients
2023-06-12 04:33
NBA Rumors: Heat, Damian Lillard may be in trouble with mutual trade pursuit
The Portland Trail Blazers will honor Damian Lillard's trade request, but they might not send him to his preferred destination.Damian Lillard has made it very clear where he wants to play basketball next season. The Miami Heat, fresh off winning the Eastern Conference, are Lillard's pr...
2023-07-03 01:44
Climate Costs Mount for Poorer Nations Already Burdened by Debt
Pakistani Prime Minister Shehbaz Sharif warned world leaders at the COP27 climate talks last November that developing nations
2023-05-30 12:00
Country Garden faces second debt challenge in days as offshore payment comes due
HONG KONG China's largest private property developer, Country Garden, faces a deadline for making interest payments on two
2023-09-05 09:12
Is There a Resident Evil 4 Remake Demo?
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1970-01-01 08:00
US and China ‘intertwined like conjoined twins’, says Musk
Elon Musk said the interests of the US and China are “intertwined like conjoined twins” during his surprise visit to China on Tuesday amid strained diplomatic ties between the countries. The Tesla billionaire reached Beijing in his first visit to the country in over three years, visited China’s top ministries and discussed electric vehicles. Mr Musk also met China’s foreign, commerce, and industry ministers and dined with Zeng Yuqun, the chairman of top battery supplier CATL. The visit garnered a lot of attention in China and revealed adulation for Mr Musk from Chinese social media users, even as the relationship between Washington and Beijing plummeted. “The interests of the United States and China are intertwined like conjoined twins,” Mr Musk was quoted as saying by the foreign ministry of China. He was later also quoted by the country’s commerce ministry as saying that relations between the two countries were not a zero-sum game in which one side must lose if the other were to win. While little is known of the discussions the Twitter chief is having – as he remains unusually quiet on social media – Mr Musk and industry minister Jin Zhuanglong “exchanged views on the development of new energy vehicles and intelligent networked vehicles”, said the ministry. China, responsible for half of all global electric vehicle sales, serves as the location for Tesla’s first factory outside the US. The company reportedly submitted applications to expand its production facilities in Shanghai. Mr Musk’s plans were still awaiting approval as he earlier said it faces some “constraints”. The talks are expected to be aimed at easing this expansion, believe observers. The billionaire’s visit has also generated a lot of interest among China’s netizens. Some called him “a pioneer” and “Brother Ma”, in an oblique reference to Jack Ma, while others said he should become the next US president. “He’s a global idol,” wrote one Chinese social media user. “Elon Musk is just great, if only China could have someone like Elon Musk,” said another. In recent months, foreign companies have been facing increasing pressure in China, with a recent crackdown on international consulting firms. Both the US and China have also imposed restrictions on each other’s chipmakers. American companies are also facing pressure from outside as increasing threats of military escalation with Taiwan forces businesses to diversify their supply chains away from China. Mr Musk, however, touted the Asian country’s development as its ministers assured they were looking at increased cooperation. The Chinese government statement cited Mr Musk as saying Tesla was willing to expand its business in China and “opposes decoupling” – a reference to fears the world may split into multiple markets with incompatible products. On Tuesday, foreign minister Qin Gang told Mr Musk that China will “unswervingly promote high-level opening up” and create a “market-oriented, law-based and internationalised business environment”, said the government statement. “China’s development is an opportunity for the world,” it said. Mr Qin also told Mr Musk that China’s electric vehicle market “has broad prospects for development”. Mr Musk is expected to meet other senior Chinese officials and visit the Shanghai plant later in the week, reported Reuters citing sources. With China's economy also experiencing a slowdown and facing internal and external challenges, like anti-monopoly measures and the US-Chinese political tensions respectively, the ruling Communist Party has been engaging with more prominent CEOs off late. Chinese premier Li Qiang earlier held discussions with Apple’s Tim Cook, Pfizer’s Albert Bourla, Rio Tinto’s Jakob Stausholm and Toshiaki Higashihara of Hitachi, reiterating China's commitment to creating a favourable business environment. Read More Elon Musk meets Chinese foreign minister on first visit for three years What is superintelligence? How AI could wipe out humanity – and why the boss of ChatGPT is doomsday prepping Tesla's Musk meets Chinese foreign minister, who calls for 'mutual respect' in US-China relations Shanghai breaks 100-year-old heat record amid intense heatwave Keeping 1.5C alive ‘bottom of desired outcomes for global businesses at Cop28’ Typhoon Mawar inches closer to Japan threatening to bring heavy rains and winds
2023-05-31 20:34
Bluey: The Videogame Story Explained
Here's everything we know about Bluey: The Video Game's story.
2023-09-27 04:06
Gavin Williams and the Guardians cool off the Twins and avoid a three-game sweep with 2-1 win
The Cleveland Guardians avoided the sweep and finally slowed down Minnesota's offense
2023-09-07 06:26
GM delays EV truck production by a year at Michigan plant
DETROIT General Motors Co said on Tuesday it will delay production of the electric pickup trucks at its
2023-10-18 00:22
Top 5 Settings to Make Your Aim Better in Apex Legends
Here's a breakdown of the top five settings to make your aim better in Apex Legends.
1970-01-01 08:00
India’s Current Account Deficit Widens Out-Pacing Estimates
India’s current account deficit widened more than expected in the June quarter as imports outpaced exports amid a
2023-09-28 14:57
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