US, China face off on economy amid deepening tensions
By France24
13 March 2023 |
10:37 am
US President Joe Biden unveils a $6.8 trillion budget proposal with key provisions aimed at boosting American competitiveness against China, while Beijing rails against economic containment and suppression. Plus, a sell-off in US bank shares sparked by a run on a small California lender spreads to Asia and Europe as markets tumble.
Related
Related
26 Sep
Starting on Saturday September 23, China is hosting the Asian Games, a major multi-sport event held every four years between the Olympics. The 19th edition, postponed from last year, brings together some 12,000 athletes from across the continent, competing in 40 sports over two weeks in the eastern city of Hangzhou. For the first time, e-sports are featured as an official medal sport event, with seven golds on offer. But a lot of attention is also focused on what's happening outside the tracks and arenas. FRANCE 24's Oliver Farry tell us more about the geopolitical aspect of the event.
25 Sep
After beginning a strike one week ago, the United Auto Workers union has increased the number of plants affected by industrial action. Until now, workers have been striking at three sites, one each for Ford, General Motors and Stellantis. UAW leader Shawn Fain says that will be increased to 38 factories, all of them GM and Stellantis parts distribution centres. Ford has been spared of further disruption, with the union saying the company has made "important concessions".
26 Sep
Citing declining inflation and a strong rebound in economic activity, Ghana's central bank on Monday (September 25) held its interest rate at 30%.
28 Sep
The Cook Islands and Niue have been recognized by the United States as "sovereign and independent states." The move appeared to be aimed at curbing further Chinese inroads into the Pacific region.
27 Sep
The German and US defense ministers have said they see no immediate need to leave Niger, following France's decision to withdraw troops. Niamey's junta has been more focused on the former colonial power's presence.
27 Sep
House Republicans will try to advance four party-line funding bills this week, though they would not avert a looming government shutdown.
28 Sep
Diplomats from Beijing, Seoul, and Tokyo have met to explore restarting regular three-way summits to foster regional cooperation. The initiative has been on hold for the past few years.
27 Sep
Malaysia intends to double the quantity of palm oil it exports to China, in an effort to counterbalance the EU's push to cut down on its own imports.
4 days ago
Joe Biden makes history by becoming the first sitting US president to join a picket line, making the UAW autoworkers' strike a major battleground for the 2024 presidential race. Also, French papers take a look at what to expect as the government prepares to unveil a plan to tackle school bullying. We then take a look at reactions to the burgeoning refugee crisis in Armenia, and finish with an Economist special on the new science behind reversing ageing.
27 Sep
Britain's Home Secretary Suella Braverman called for governments to rewrite global refugee rules to make them "fit for the modern age." She said "simply being gay, or a woman" should not in itself entitle refuge.
4 days ago
A visit of Nepalese PM Pushpa Kamal Dahal to China saw the two nations pledge to boost trade amid plans of new transport links through the Himalayas. But Dahal said Nepal would not join any security alliances.
4 days ago
To mark International Safe Abortion Day, we're taking stock of women's abortion rights in the United States. Terminations are now illegal in 14 states following the Supreme Court's decision to overturn Roe v. Wade last year. Some women in those states are now forced to travel elsewhere in the US for the procedure, costing them hundreds, if not thousands of dollars.
Latest
6 hours ago
Former Los Angeles Dodgers pitcher Trevor Bauer and Lindsey Hill, who accused him of sexual assault, have settled their lawsuit outside of court. Hill accused Bauer of two instances of sexual assault, with the district attorney's office refusing to press criminal charges. Despite Bauer not being found guilty of the crime, MLB suspended him for 324 games and was later released by the Dodgers.
6 hours ago
Armenia's parliament votes to join the International Criminal Court in a move that Russia had already said would be an unfriendly step. Meanwhile, there are "surreal" scenes in the abandoned enclave of Nagorno-Karabakh.
6 hours ago
Nigeria's major labor unions agreed to suspend a planned nationwide strike after talks with the government. DW looks at what led up to the planned action and how the situation could play out for workers and their unions.
7 hours ago
Sam Bankman-Fried, also known by the initials SBF, has tumbled from crypto king to courtroom defendant. The trial of the founder of the FTX cryptocurrency exchange is due to start on Tuesday 3 October. The fraud charges against him - which he denies - stem from the November 2022 collapse of his now-bankrupt business.
7 hours ago
Nigerian reform drive falters, threatening Africa's biggest economy