US Treasury Secretary Janet Yellen announced on Monday that negotiations on the trade section of the Indo-Pacific Economic Framework (IPEF) will require further work, signaling a setback for the Biden administration. Yellen stated at a news conference that substantial progress had been made on three of the four areas under discussion by the 14 IPEF …
U.S. Treasury Secretary Janet Yellen recently met with Chinese Vice Premier He Lifeng in San Francisco to discuss economic issues and enhance communication. During a press conference after their two-day meeting, Yellen highlighted the need for candid and direct discussions on topics such as U.S. export controls and climate change, emphasizing the importance of maintaining …
In a momentous two-day dialogue, U.S. Treasury Secretary Janet Yellen and her Chinese counterpart have committed to forging a sustainable economic relationship. Their efforts aim at establishing a foundation for a consequential meeting between President Joe Biden and Chinese President Xi Jinping. Although numerous differences divide the two nations, Yellen and Chinese Vice Premier He …
Janet Yellen, the U.S. Treasury Secretary, is meeting with Chinese Vice Premier He Lifeng in San Francisco in an effort to maintain open lines of communication on topics ranging from national security to climate change, and to limit the economic fallout from a tense relationship. The meetings are not expected to yield any significant breakthroughs, …
The much-anticipated meeting between President Joe Biden and the Chinese leader Xi Jinping is set to take place next week on the sidelines of the Asia-Pacific Economic Cooperation summit in San Francisco. However, the White House has indicated that this face-to-face meeting may not result in significant changes to the relationship between the two nations, …
Hello, fellow humans! We hope you’re enjoying the new and limited Saturday edition of the Daily Brief. In this edition, we’re focusing on AI, but don’t worry, it’s written by actual people—not bots. Do you have any burning questions about AI or some interesting AI hallucinations you’d like to share? Feel free to email us …
Good morning, Quartz readers! We wanted to give you a heads up that there won’t be a Daily Brief on Monday because our US-based team will be taking the day off. But don’t worry, we’ll be back in your inbox on Tuesday. Here’s the latest news you need to know: 1. China has announced ambitious …
Bidenomics is a significant departure from the US economic status quo. One of its key features is the administration’s willingness to engage in industrial policy by subsidizing efforts to reduce dependence on fossil fuels and bring back the manufacturing of computer chips to the United States. Should you buy McDonald’s and Caterpillar stock right now? …
US Department of Defense officials often face intense scrutiny from Congress because their agency has never passed an audit. In 2022, the DoD had its fifth self-led audit in the department’s history, and 1,600 auditors couldn’t account for roughly 60% of its $3.5 trillion in assets. What inspired Elon Musk’s design for Tesla’s Cybertruck? The …
The auto workers’ strike against Detroit’s Big Three has entered its fourth day with no signs of a breakthrough, raising concerns of a potential spread. A spokesperson for General Motors stated that negotiations between the company and the United Auto Workers are ongoing. Currently, the strike is limited to approximately 13,000 workers across three factories, …