APEC MEETING
Donald Trump, Xi Jinping and Vladimir Putin plan unprecedented joint meeting on APEC sidelines, White House and Kremlin say
Trump has warmly embraced Xi after coming to a truce in their short-lived trade war last year and in spite of differences over the U.S. war with Iran and other tensions between the world's foremost economic powers. Similarly, Trump has sought to build his relationship with Putin, even as the Russian leader has persisted in his nearly 5-year-old war with Ukraine and as Moscow has deepened its military, intelligence and diplomatic partnership with Iran.
Democrats try out a strange new emotion at post-midterms What's Next conference - hope
In Denver, Democrats came together to celebrate their surprising success in the midterm elections while exploring new pathways to victory. Political leaders expressed enthusiasm about the prospect of statehood for Puerto Rico, although protestors outside raised concerns over the party's centrist shift, revealing rifts within. The event underscored a blend of optimism and ideological debate as they prepared for future electoral battles.
5 world market themes for the week ahead
Nvidia's recent leadership change and the upcoming IPO of Anthropic could significantly influence the AI market dynamics. US-China relations are set for discussions as Trump and Xi meet amid various geopolitical concerns. Oil prices remain volatile due to Middle East tensions and supply changes, affecting potential inflation relief. A UK and EU summit aims to advance post-Brexit cooperation on trade and regulations.
Trump, Xi and Putin plan an unprecedented joint meeting on the sidelines of APEC, White House says
The three leaders may meet during the Asia-Pacific Economic Cooperation summit. This unprecedented summit is expected to focus on nuclear arms discussions and regional tensions. While no significant agreements are anticipated, the meeting symbolises their ongoing diplomatic engagements.
Nvidia scandal looms over US-China AI talks
AI bots going rogue and humans using the technology for harm will likely be on the agenda when Donald Trump and Xi Jinping meet next week, with the Nvidia scandal hanging over the talks on AI safety. But the scandal is unlikely to "dominate the agenda" or affect Trump and Xi's personal relationship, predicted Dylan Loh of Singapore's Nanyang Technological University.
Five facts about APEC with Trump, Putin and Xi set to attend
A summit featuring leaders from the US, China, and Russia is scheduled for next week in Shenzhen. This event marks the third time China hosts the APEC Economic Leaders' Meeting since 2001. Many key global issues including trade, energy security, and geopolitical tensions will likely be discussed. Attendances include notable leaders from Australia, Canada, and several Asian nations, while Taiwan will send its envoy.
China stages massive, unannounced military drills around Taiwan in 'silent intimidation'
China executed extensive military drills in the western Pacific and around Taiwan, aiming to exert pressure. These unannounced exercises involved over 100 vessels and included simulated attacks on various targets. Taiwanese officials described the drills as a tactic of silent intimidation before key international meetings. While the number of active vessels has decreased, air force activity near Taiwan remains high.
South Korea sees little prospect of US-North Korea contact around APEC
South Korea sees little chance of a meeting between US President Donald Trump and North Korean leader Kim Jong Un on the sidelines of the upcoming APEC summit in China, according to a senior presidential official. Seoul also does not expect North Korea to participate in APEC-related events. The assessment comes amid rising tensions along the inter-Korean border and uncertainty over Russian President Vladimir Putin's possible attendance at the summit.
Why China needs to look within
China's trade surplus should start stabilising next year over restrictions and plateauing AI investment. Beijing will have to double down on stimulating domestic consumption to take up the slack from an eventual export slowdown. It has the fiscal firepower to provide consumers income support they need to counteract savings lost in the property market.
US and China should stay clear-eyed on AI cooperation and competition, Scott Bessent says
The United States and China should harbor no illusions about their differences on artificial intelligence as they navigate cooperation to mitigate the technology's risks while competing for AI supremacy, US Treasury Secretary Scott
Between the chip and the slip: Honeytrap suspicions further sours ties between US and China
Nvidia's CEO Jensen Huang is being investigated for having an alleged affair with a potential Chinese intelligence agent. This individual reportedly sought to gather information about Nvidia's advanced technology. Nvidia's board has launched an independent probe to examine the allegations against Huang. US lawmakers are demanding a briefing on the matter amid heightened concerns over national security.
Nvidia scandal: The AI arms race puts human spies back into the game
The Nvidia controversy involving CEO Jensen Huang and a woman suspected by US intelligence of having links to Beijing has renewed concerns over corporate espionage in the AI industry. Recent cases involving OpenAI and Google have also highlighted risks from insiders and traditional spying methods.
Chinese President Xi Jinping likely to skip ASEAN Summit in Manila: Report
The Philippines' Department of Foreign Affairs (DFA) shared this information on Wednesday while responding to reports about Xi's expected absence from the annual summit, which the Philippines is hosting this year.
Donald Trump's political humbling after US midterms signals short-term gain, long-term pain for China
Donald Trump's US midterm election defeat could strengthen China's hand in upcoming US-China trade negotiations, giving Beijing leverage to push for tariff reductions and other concessions. However, Beijing remains wary of a potentially more hawkish US administration after Trump. China's concerns include Taiwan arms sales, a possible Iran war escalation, energy security and the future of its fragile trade truce with Washington.
US midterm elections: China says it will continue working with America
China has reacted carefully to the Democratic Party's gains in the recent US midterm elections. The Chinese Foreign Ministry stated that it remains committed to cooperation with the US despite political changes. Chinese President Xi Jinping and US President Donald Trump have met twice this year to enhance strategic stability. Beijing is also discussing a potential trilateral meeting with the US and Russia at the upcoming APEC summit.
Yuan hovers near four-year high as investors eye US midterm elections
China’s yuan traded near a more than four-year high against the US dollar, supported by expectations of further appreciation. Investors tracked the central bank’s currency guidance, policy measures and potential market implications of the US midterm elections.
US, Canada see growing interest in limited ceasefire in Black Sea
US Secretary of State Marco Rubio highlighted the growing interest in a limited ceasefire in the Black Sea. He emphasized the importance of facilitating grain shipments while pressing for a broader settlement of the ongoing war. Canadian Foreign Minister Anita Anand confronted Russian Foreign Minister Sergei Lavrov about Russia's invasion of Ukraine during the G20 meeting.
First top-level Quad Summit under Trump administration likely in Manila
The proposed summit will focus on critical technology, minerals and associated supply chains, maritime security and disaster management, according to people familiar with Quad dynamics. The meeting is also expected to address the establishment of a Quad energy bank. A key item on the agenda will be securing supply chains for essential products, particularly in the light of ongoing conflicts and the weaponisation of trade routes.
China flags APEC's role as key for a challenged global economy
During the opening of the APEC Finance Ministers' meeting in Hong Kong, China's Finance Minister Lan Foan highlighted the importance of the APEC forum for promoting economic cooperation. He urged the 21 member countries to work together in addressing global economic challenges, stressing collaboration in sectors such as artificial intelligence, the digital economy, and green initiatives. Lan reaffirmed China's commitment to broad economic reforms designed to stimulate growth.
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