Musk Says Biden’s Call for More Taxes on Rich Won’t See ‘Action’
Elon Musk, the world’s richest-person and head of electric carmaker Tesla Inc., said President Joe Biden’s call for
2023-06-18 13:16
Philippines Mulls Plan for Military Staff to Pay Into Pensions
A Philippines’ economic team has proposed that military and uniformed personnel contribute 5% of their monthly pay to
2023-06-18 10:54
New York City Air Quality Degrades as Smoke From Canada Returns
The air quality in New York City deteriorated on Saturday evening as smoke from wild fires in Canada
2023-06-18 09:22
Hong Kong’s $1.9 Trillion Stocks Await Boost From Yuan Trading
Hong Kong is betting that a new program allowing investors to trade equities in the yuan on top
2023-06-18 08:21
Blinken Lands in China on Delayed Mission to Stabilize Ties
Secretary of State Antony Blinken arrived in Beijing on Sunday morning for a whirlwind diplomatic trip as the
2023-06-18 07:59
TotalEnergies CEO Says Greenwashing Criticism Is Unfair
TotalEnergies SE is facing “unfair” accusations of greenwashing and “radical positions amplified by social networks,” Chief Executive Officer
2023-06-18 06:29
Gregg Berhalter addresses relationship with Gio Reyna
Gregg Berhalter admitted he has not spoken to US men’s national team player Gio Reyna since the 2022 World Cup, explaining “there’s work to do” to repair the relationship.
2023-06-18 05:20
Bond Bulls Shred 2023 Playbook After Favorite Trade Backfires
Bond investors are having to regroup after this week’s Federal Reserve meeting dealt a crippling blow to a
2023-06-18 04:22
Biden calls spy balloon ‘embarrassing’ for China ahead of Blinken talks in Beijing
President Joe Biden on Saturday called the Chinese spy balloon debacle “embarrassing” for the Asian superpower’s leaders – while highlighting his hopes for productive talks as Antony Blinken embarks upon the first high-profile diplomatic trip to Beijing since the 46th president took office. Speaking before boarding a plane to Pennsylvania on Saturday morning, President Biden told reporters that China “has some legitimate difficulties unrelated to the United States. “And I think one of the things that that balloon caused was not so much that it got shot down, but I don’t think the leadership knew where it was and knew what was in it and knew what was going on,” the President said. “I think it was more embarrassing than it was intentional. And so I’m hoping that, over the next several months, I’ll be meeting with [Chinese President] Xi [Jinping] again, and talking about legitimate differences we have – but also how ... to get along.” The already tense relations between the United States and China became further strained earlier this year when the US shot down what it said was a Chinese spy balloon flying over American soil. China persistently denied that the balloon, which was shot down in February over the Atlantic, had been used for spying. Presidents Biden and Xi agreed to Secretary Blinken’s trip at a meeting last year in Bali, but it was delayed by the balloon drama. Secretary Blinken will be the highest-level American official to visit China since President Biden took office and the first secretary of state to make the trip in five years. He is expected to meet with Foreign Minister Qin Gang on Sunday, top diplomat Wang Yi, and possibly Chinese President Xi Jinping on Monday, according to US officials. “Yet prospects for any significant breakthrough on the most vexing issues facing the planet’s two largest economies are slim, as already ties have grown increasingly fraught in recent years,” the Associated Press news agency reported. “Animosity and recriminations have steadily escalated over a series of disagreements that have implications for global security and stability.” Speaking to the AP before Mr Blinken’s departure, two US officials downplayed hopes for major progress and stressed that the trip was intended to restore a sense of calm and normalcy to high-level contacts. “We’re coming to Beijing with a realistic, confident approach and a sincere desire to manage our competition in the most responsible way possible,” said Daniel Kritenbrink, the top US diplomat for East Asia and the Pacific. Kurt Campbell, the top Asia expert at the National Security Council, said “intense competition requires intense diplomacy if we’re going to manage tensions. That is the only way to clear up misperceptions, to signal, to communicate, and to work together where and when our interests align.” Read More Blinken set for high-stakes China visit with tensions rising and breakthrough prospects low China calls hacking report 'far-fetched' and accuses the US of targeting the cybersecurity industry Chinese premier meets with Palestinian president in effort to increase Middle East presence Blinken heads to China this weekend on mission to salvage sinking ties and keep communications open Beijing criticizes new US sanctions on companies over pilot training, weapons development
2023-06-18 03:57
Biden warns union members that Republicans are ‘coming for your jobs’ in 2024 campaign speech in Philadelphia
Joe Biden got his 2024 presidential re-election campaign underway in Philadelphia on Saturday by continuing to pitch voters on his pro-labour bonafides. The Democrat told an audience of union members at the Philadelphia Convention Center he would keep trying to boost the working and middle class with “Bidenomics,” which he framed as opposed to the ideas of Republicans, who recently unveiled a series of tax proposals that would funnel benefits overwhelmingly to the wealthiest Americans. “They are coming for your jobs. They are coming for your future. They are coming for the future we are building for your kids and grandkids,” Mr Biden told the crowd. “And when they come as they did this past week with the trickle down economics plan, cut taxes for the rich, who do you think they are carrying the water for?...Who do you think is going to start carrying the burden? You are. Working people in this country.” According to an analysis from the Institute on Taxation and Economic Policy, under the recent tax proposals from the GOP, the richest fifth of Americans would receive $60.8bn in benefits next year, while the poorest would receive nearly 60 times less. During the event, Mr Biden cited initiatives like the bipartisan $50bn semiconductor manufacturing investment bill signed last summer, as evidence of his attempts to back American workers. This is a breaking news story and will be updated with new information. Read More Trump says ‘Long live the King’ in rant day after Biden said ‘God save the Queen’ Nikki Haley's husband begins Africa deployment as she campaigns for 2024 GOP nomination Biden seeing collapsed stretch of Interstate 95 from the air over Philadelphia
2023-06-18 03:19
Trump says ‘Long live the King’ in rant about Fox a day after Biden said ‘God save the Queen’
Donald Trump and Joe Biden made strange royal references this weekend. In a rant on his Truth Social page on Saturday, Mr Trump referred to himself as “The King” in an extended, somewhat inscrutable metaphor about the relationship between him and Fox News. “Well, it’s happened, just as I predicted,” Mr Trump wrote. “The Golden Goose that was so beautiful is being slaughtered by Fools. MAGA has left Fox for more promising “prairies.” Long live the King. The only solution for Fox News is to bring back Trump Allies and MAGA—Backing No Personality Ron DeSanctimonious has been a disaster….” Mr Trump has been fuming at the conservative news network for years, after Fox was early in (correctly) calling the key battleground state of Arizona for Joe Biden during the 2020 election. Things only escalated during the Dominion Voting Systems defamation lawsuit against the network, in which embarrassing internal communications showed top Fox anchors and leadership questioning or outright mocking Donald Trump and his election-related conspiracies. “Why is Rupert Murdoch throwing his anchors under the table, which also happens to be killing his case and infuriating his viewers, who will again be leaving in droves - they already are,” the former president said on Truth Social. “There is MASSIVE evidence of voter fraud & irregularities in the 2020 Presidential Election. Just look at the documentary ‘2000 MULES’ and you will see large scale ballot stuffing caught on government cameras, or votes cast without Legislatures approval, or just recently, the FBI/Twitter Files Scandal. RIGGED!!!” Mr Trump wasn’t the only one with a monarchy moment in recent days. On Friday, speaking before the National Safer Communities Summit in Connecticut, Mr Biden ended a speech about gun violence with the phrase, “God Save The Queen.” Mr Biden, who often speaks of his pride in having Irish-American heritage, is usually more known for making headlines by being slightly sceptical of the British monarchy. Last month, during a fundraising event in New York, the president said he visited Northern Ireland for the anniversary of the Good Friday Agreement in April to make sure “the Brits didn’t screw around.” Read More Nikki Haley's husband begins Africa deployment as she campaigns for 2024 GOP nomination Trump can’t bully his way out of his latest legal woes – he’s just too stubborn to know when he’s beaten Watch live: Joe Biden kicks of re-election campaign in Pennsylvania with union rally
2023-06-18 02:49
WestJet Plans to Close Sunwing, Merge Into Main Business: Report
WestJet Airlines Inc. plans to wind down low-cost Sunwing Airlines Inc. and integrate it into the main business
2023-06-18 02:47