US not seeking ‘winner-take-all’ competition with China

Treasury Secretary Janet Yellen assured Chinese Premier Li Qiang that the United States seeks healthy economic competition, not a winner-take-all approach, during her visit to Beijing aimed at stabilizing ties. Yellen emphasized the importance of maintaining a fair set of rules and avoiding misunderstandings that could worsen the bilateral economic relationship. Despite tensions, both countries expressed optimism about the visit, with hopes of warming up to each other and reshaping China-US relations.

Facebook alters fact-checking controls for US users

Facebook, owned by Meta, has given US users control over fact-checked content, allowing them to determine the visibility of debunked posts in their feed. While some see it as empowering users, others worry it may benefit spreaders of misinformation and hinder fact-checking efforts. The move comes amid concerns about content moderation and potential political falsehoods ahead of the 2024 presidential election. Analysts call for more research on the impact of these changes before wider implementation.

US slams Hong Kong bounties as ‘dangerous’ precedent

The US condemns Hong Kong’s bounties on democracy activists abroad, warning of dangerous precedent and human rights threats.

US Treasury Secretary to visit China, raising need to ‘responsibly manage’ ties

US Treasury Secretary Janet Yellen’s visit to Beijing aims to manage the US-China relationship, address global challenges, and build communication channels.

US Coast Guard launches probe into Titanic sub tragedy

The US Coast Guard investigates the implosion of submersible Titan, leading to the loss of all five lives during a dive to the Titanic wreck.

3M to pay up to US$12.5 bn to settle ‘forever chemicals’ litigation: filing

3M will pay up to US$12.5 billion to settle claims from US water systems over tainted supplies with “forever chemicals.”

Biden joins Modi warning to Pakistan on militants

Biden, Modi warn Pakistan on extremist crackdown; express concern over Myanmar situation.

All five on Titanic sub dead after ‘catastrophic’ implosion

Five people aboard a submersible near the Titanic wreck died in a catastrophic implosion, ending a search-and-rescue operation.

Markets track US losses with rates seen rising further

Global markets fell as central banks consider interest rate hikes to combat high inflation, with uncertainty surrounding the Fed’s tightening cycle.

US lawmakers approve Taiwan trade deal despite Chinese ire

US lawmakers pass an agreement to deepen economic relations with Taiwan, sparking a displeased response from Beijing.