The stimulus talks stalled on the size of the package. The gap between Trump’s “very generous offer” of a $1.6 trillion package and the Democrats’ $2.4 trillion proposal was too large for the president to stomach. The Democrats’ version contained a new stimulus cheque, an extension of higher benefits for unemployed workers, […]
talks
Walmart enters talks to buy TikTok with Microsoft
Walmart, America’s biggest retailer by revenues, has struggled to match Amazon’s growth in internet shopping but is making a renewed push into online retail, hastened by the pandemic. While not a natural steward of TikTok, whose key audience is smartphone-wielding teenagers and young adults, the company is believed to see the […]
US resumes talks with China, amid Bolton book revelations
NEW YORK — American and Chinese foreign policy chiefs met Wednesday in the U.S. state of Hawaii for the first face-to-face, high-level contact between the two countries since coronavirus lockdowns began and tensions near a boiling point. U.S. Secretary of State Mike Pompeo and his counterpart Yang Jiechi, director of […]
Indonesia holds talks with US to lure companies from China
JAKARTA — Indonesia is in talks with the U.S. government over the possible relocation of American companies operating in China to the archipelago, as businesses and governments worldwide look at ways to diversify production in response to supply chain disruptions caused by the coronavirus. Luhut Panjaitan, Indonesia’s coordinating minister for […]
Inside the talks to end the UK’s reliance on Huawei
At the start of the year, before coronavirus swept across the country, politicians had a very different crisis on their hands. Boris Johnson announced he was allowing Chinese firm Huawei to build part of the UK’s 5G network – and Donald Trump was furious. The US view was that it […]
Tsai seeks talks with Xi despite China contempt for Taiwan
TAIPEI — President Tsai Ing-wen played up Taiwan’s growing global standing and said she sought talks with Chinese President Xi Jinping in an inauguration address after being sworn in for a second term on Wednesday. Tsai said in her socially distanced speech at the Taipei Guest House that she was […]
Tsai seeks talks with Xi Jinping over Taiwan-China ties
TAIPEI — Taiwan’s President Tsai Ing-wen was sworn in for her second term on Wednesday morning, and used her inauguration speech to emphasize Taiwan’s growing standing in the world and seek talks with Chinese President Xi Jinping. “We are willing to engage in dialogue with China and make more concrete […]
Tesla and Panasonic reopen talks on Gigafactory investment
OSAKA — Panasonic and Tesla have revived talks on investment to boost output of electric-vehicle batteries at the Gigafactory in the U.S. state of Nevada, the Japanese company said Monday. The American electric-vehicle maker aims to sell 1 million autos globally next year, which will require an ample supply of […]
Nissan in talks to move Renault production to the UK
A flagship Nissan plant in Sunderland could be used to make Renault vehicles as part of a deal between the two car-making behemoths – boosting to the fortunes of thousands of British workers. The two companies – which operate under global strategic alliance – have opened talks to transfer production of the […]
US and China offer different takes on resumed trade talks
BEIJING/WASHINGTON — U.S. and Chinese officials emerged from trade talks Friday citing different expectations of the outcome as the two countries work to carry out their phase one deal. The telephone conference, the first official bilateral trade talks since the coronavirus pandemic was declared, comes as Washington blames China directly for the spread of […]