Singapore CDL's Longtime Director to Depart After Boardroom Feud
Yeo, a former top civil servant who has been on CDL's board for 16 years, has given notice of his retirement and his last day will be July 31, according to a stock-exchange filing on Tuesday.
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Newsweek
7 minutes ago
- Newsweek
China's Xi Makes Trump Wait for Leader Talks
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. The White House has been optimistic about the prospects for an in-person summit with Chinese President Xi Jinping—the first of President Donald Trump's second term. Yet analysts say the Chinese leader is likely holding out for concrete deliverables before agreeing to the high-profile meeting. All Eyes on Sweden Trump dramatically escalated the trade war with the world's second-largest economy in April, rolling out sweeping new tariffs that prompted China to respond with its own export duties and other measures. While Trump has said that "the confines of a deal" are in place ahead of a third round of talks between U.S. and Chinese negotiators, set for Sweden next week, several contentious issues remain unresolved. These include ongoing U.S. curbs on advanced chip exports to China and persistent geopolitical friction over influence in Asia and Beijing's threats toward Taiwan. Newsweek reached out to the White House and Chinese embassy in the U.S. via email for comment. Europe's Role Patrick Cronin, Asia-Pacific security chair at the Hudson Institute, told Newsweek: "A Xi-Trump summit is highly probable, but withholding final approval until Beijing can button down more information and as many concessions as possible is no doubt part of Xi's calculus." "What China and the United States can each negotiate with the EU will also help inform the China-US trade bargain that will be at the heart of any Xi-Trump summit," Cronin said. After months of efforts with dozens of countries, the White House recently secured a handful of deals with Japan, Vietnam, the Philippines and Indonesia, Cronin added. In a picture combination created on May 14, 2020, Chinese President Xi Jinping, left, and U.S. President Donald Trump are shown. In a picture combination created on May 14, 2020, Chinese President Xi Jinping, left, and U.S. President Donald Trump are shown. Dan Kitwood, Nicholas Kamm/AFP via Getty Images Among the deals Trump hopes to achieve is with the EU—a traditionally U.S.-aligned bloc that has become increasingly alienated by Trump's unpredictable trade moves and controversial domestic policies. Analysts say China has been seeking to exploit this rift and achieve a thaw in ties with Brussels that has deteriorated over issues like alleged Chinese market flooding with state-subsidized electric vehicles, human rights concerns and Beijing's support for Russia amid the war in Ukraine. Sean King, an Asia scholar and senior vice president at Park Strategies, told Newsweek: "PRC [People's Republic of China] leaders have long seen Europe as a comparatively easier mark, as the continent doesn't have America's Asian security concerns and obligations." He added, "It's probably better for Trump to first line up what he says are trade deals with friends and allies before going for the big one with Beijing." While European Commission President Ursula von der Leyen's visit to Beijing this week yielded a memorandum of understanding on climate change and an agreement to facilitate rare-earth exports, analysts note that a fundamental shift in EU-China ties remains elusive. Timetable Uncertain U.S. Secretary of State Marco Rubio, visiting Malaysia earlier this month for meetings with his Chinese counterpart Wang Yi, said that "the odds are high" a Trump-Xi summit will take place by the end of the year. Rosemary Foot, professor and senior research fellow at the University of Oxford's Department of Politics and International Relations, told Newsweek it's unlikely Xi is counting on Europe as leverage in his dealings with the White House. "I think that it is to do with China's more general approach to the Trump administration which is to wait for some intention to offer a serious deliverable from the meeting and perhaps also to paint President Trump as supplicant," she said. Trump and Xi last met in 2019 at the G20 summit in Osaka, Japan.
Washington Post
22 minutes ago
- Washington Post
US-China trade talks: Can China reduce its export dependence?
BEIJING — China's high dependence on exports will likely be a key focus of a new round of U.S.-China trade talks this coming week in Stockholm, but a trade deal would not necessarily help Beijing to rebalance its economy. U.S. Treasury Secretary Scott Bessent has said he hopes the negotiations can take up this issue, along with China's purchases of oil from Russia and Iran, which undercut American sanctions on those two countries.
Yahoo
an hour ago
- Yahoo
China calls for global 'consensus' on AI regulation
Chinese Premier Li Qiang on Saturday urged the international community to build a global consensus on artificial intelligence (AI) governance, highlighting security risks amid the raging tech race between Beijing and Washington. Speaking at the opening of the World Artificial Intelligence Conference (WAIC) in Shanghai, Li said it is prudent to look at "how to find a balance between development and security [which] urgently requires further consensus from the entire society." Li also announced the creation of a Chinese-led body to promote global AI cooperation and open-source development to keep AI from becoming "the preserve of a few countries and a few enterprises." What is the tech rivalry between the US and China? The three-day WAIC event comes amid intensifying US-China competition in advanced AI technology. Just days before, US President Donald Trump announced the slashing of AI regulations to maintain the US' dominance in the field even as Washington continues to restrict exports of high-end chips to China, citing national security concerns. These restrictions are forcing Chinese companies to look for alternatives, with startup DeepSeek introducing an AI model in January that matched the performance of leading US systems, despite working on less advanced chips. Li, without naming the US, criticized monopolistic control and called for open access to AI technologies, warning of insufficient supply of AI chips and restrictions on talent exchange otherwise. "Only by adhering to openness, sharing and fairness in access to intelligence can more countries and groups benefit from (AI)," he said. 'AI a test of international cooperation' At the WAIC opening ceremony, UN Secretary-General Antonio Guterres said in a video message that AI regulation would be "a defining test of international cooperation." More than 800 companies are participating in this year's WAIC, showcasing over 3,000 tech innovations. While Chinese firms like Huawei and Alibaba are the main entrants, international firms including US-based companies Tesla, Alphabet, and Amazon are also present. Edited by: Saim Dušan Inayatullah
