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[ad_1] China on Friday opposed the G20 tourism summit being held in the Indian Illegally Occupied Jammu and Kashmir (IIOJK), saying that it will not be a part of it, Reuters reported. India is set to chair this year's G20 meeting and organised a number of meetings across the country in the run-up to the summit in New Delhi in September. "China is firmly opposed to holding any kind of G20 meetings in disputed territory, and will not attend such meetings," Chinese Foreign Ministry spokesperson Wang Wenbin said. India revoked the special status of the occupied territory on August 5, 2019. Ties between both countries were strained in 2020 when a military clash in Ladakh took place, killing 24 soldiers. The G20 summit will take place in IIOJK's capital Srinagar, hosting the tourism working group for G20 members. It is scheduled to take place on May 22-24. Pakistan has also opposed New Delhi's decision to hold the meeting in the illegally held Kashmir. Res

[ad_1] TikTok logo is displayed on the screen of a smartphone. Sheldon Cooper | Sopa Images | Lightrocket | Getty Images U.S. lawmakers are considering changes to address concerns about a bill that would give the Biden administration new powers to ban Chinese-owned TikTok, the chair of the Senate Intelligence Committee who has cosponsored the legislation said on Monday. Democratic Senator Mark Warner told Reuters that aggressive lobbying by the ByteDance-owned short video app TikTok against the Restrict Act "slowed a bit of our momentum" after it was introduced in March. Warner said lawmakers have "a proposal on a series of amendments to make it explicitly clear" and address criticisms, including that individual Americans could be impacted or that the bill represents a broad expansion of government power. "We can take care of those concerns in a fair way," Warner said. The legislation endorsed by the White House would grant the Commerce Department new

[ad_1] Last Updated: July 11, 2023, 01:20 IST United States of America (USA) The U.S. Labor Department reported last Friday the smallest monthly job gain in 2-1/2 years along with strong wage growth. (Photo: Reuters) Oil prices ease on US interest rate hike concerns, but supply cuts from Saudi Arabia and Russia limit losses. CPI data and China reports to impact market Oil prices eased 1% on Monday on the increasing likelihood of more U.S. interest rate hikes, but crude supply cuts from top oil exporters Saudi Arabia and Russia limited the losses. Brent crude futures settled down 78 cents, or 1%, at $77.69 a barrel after touching their highest level in more than two months earlier in the session. US West Texas Intermediate crude fell 87 cents, or 1.2%, at $72.99. “Traders are very nervous about higher interest rates, which could kill demand very quickly," said Dennis Kissler, senior vice president of trading at BOK Financial, adding that some investors were also engaging in

[ad_1] Beijing — U.S. Treasury Secretary Janet Yellen, in Beijing for meetings with top Chinese officials and American companies that do business in the country, said the U.S. welcomes healthy economic competition with  China , but only if it's fair. Yellen also said she was concerned about new export controls announced by China on two critical minerals used in technologies like semiconductors. "We are still evaluating the impact of these actions," she said, "but they remind us of the importance of diversified supply chains." Her message to company representatives, including from corporate giants such as Boeing and Bank of America that have significant operations in China, was that the U.S. government understands it's not been an easy time. "I've been particularly troubled by punitive actions that have been taken against U.S. firms," the Treasury chief said, referring to  raids carried out in

[ad_1] Treasury Secretary Janet Yellen arrived in Beijing on Thursday for high-stakes meetings with senior Chinese officials. It's her first visit to China as treasury secretary and comes as the U.S. and China have seen escalating tensions over national security and technology.  "I am glad to be in Beijing to meet with Chinese officials and business leaders," Yellen tweeted after arriving in Beijing. "We seek a healthy economic competition that benefits American workers and firms and to collaborate on global challenges. We will take action to protect our national security when needed, and this trip presents an opportunity to communicate and avoid miscommunication or misunderstanding." Yellen is the second top-ranking Biden administration official to head to China in recent weeks. Secretary of State Antony Blinken traveled to Beijing last month, where he met with President Xi Jinping. Blinken said both sides agreed on the need to stabilize the U.S.