Business
Yellen Says US Aims Make Communication With China Resilient
“We seek not to resolve all our disagreements, nor avoid all shocks, because this is in no way realistic. But we aim to make our communication resilient so that when we disagree, when shocks occur, we prevent misunderstanding from leading to escalation and causing harm. ” Treasury Secretary Janet Yellen speaks about the relations between the world’s two largest economies and her plan to visit China again next year. She made the remarks in a speech Thursday in Washington to the US-China Business Council.
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Gautam Adani has won the dismissal of US fraud charges that threatened his global ambitions. After months of legal maneuvering, a major hurdle is gone, potentially clearing the way for the Indian billionaire to expand in the US.
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Pierre Ferragu, New Street Research global team head of technology infrastructure, says supply chain issues and opposition to data centers in the US do make him nervous about Nvidia’s future. The chipmaker says revenue will grow by about 70% in the next fiscal year. He speaks on “Bloomberg Open Interest.”
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Meghan Robson, head of US credit strategy at BNP Paribas, and Milwood Hobbs, deputy CIO of Oaktree’s Strategic Credit platform, join Scarlet Fu on “Bloomberg Real Yield.”
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Europe’s biggest rivers, including the Rhine and Danube, are drying up after a series of heat waves, disrupting the transport of goods and boosting freight costs. #europe #weather #news #climatechange
Soaring temperatures are curbing power generation at riverside reactors, pushing up energy prices and straining Eastern European economies.
The river disruptions are becoming a test of how quickly the region can adapt infrastructure to a climate where extreme low water is likely to be increasingly common.
Read more: https://www.bloomberg.com/news/articles/2026-08-02/europe-s-key-rivers-are-drying-up-as-extreme-heat-impact-widens?sref=BPgrU5ep
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On the Big Take Asia podcast, K. Oanh Ha and Bloomberg’s Cat Barton unpack North Korea’s surprising rise from pandemic-era hardship to a multibillion-dollar windfall, and discuss how the country’s newfound wealth is reshaping geopolitical alliances in Asia.
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@zhuangdavid5037
December 22, 2023 at 12:42 pm
Stop empty talking with hostile actions on the back, more cooperation and peace.
@ooxx1816
December 22, 2023 at 12:42 pm
China should sell all its US debt and de-dollarize. China should not support a US that is sanctioning it every day.
@srobert1838
December 22, 2023 at 12:42 pm
If there is going to be stability and piece The Biden administration must absolutely go. Trump was making progress with China, Russia and the middle east , but the FeD and MIC don't want that. Americans are getting it now.
@_Tony.Montana
December 22, 2023 at 12:42 pm
The US China relationship is broken beyond repair, the current US administration is the worst in the American history. The president is demented the secretary of treasury is a complete idiot and the constant American war won't end.
@jacksmith-mu3ee
December 22, 2023 at 12:42 pm
Yellen take your meds
@heathreeves6327
December 22, 2023 at 12:42 pm
Why?
@eIectrostatic
December 22, 2023 at 12:42 pm
So, she basically wants China to share its playbook, plans, strategy, with the US government and while we're at it, also share its list of foreign transactions so that the US can better counter China and easier pressure/sanction China's trading partners…
@Capeau
December 22, 2023 at 12:42 pm
Meanwhile China stealing all the IP it can get it hands on.
@sukarno
December 22, 2023 at 12:42 pm
Why does having relations with US feel like a relationship with someone with bipolar?
@user-zd1wz7mn5s
December 22, 2023 at 12:42 pm
Sure, You can be as resilient as you like, but China isn’t the one with gigantic debt problem.
@donarrivas1675
December 22, 2023 at 12:42 pm
The WS cannot be healthy without china… Every top smart economist knows that. Unfortunately, the top smart econonists don't live in the U.S anymore!
@wangyaohan8824
December 22, 2023 at 12:42 pm
nobody buying US debt, she will come to china to beg…
@ArabicReja973
December 22, 2023 at 12:42 pm
Visiting China next year?
Yellen must have been hooked with
either Yunnan psychedelic mushrooms or Chinese tea for sure.
@lastChang
December 22, 2023 at 12:42 pm
What is the point of talking with the Chinese🇨🇳?
– When was the last time China kept its promises or honoured its signatures?
@ntxdirect1835
December 22, 2023 at 12:42 pm
I didn’t know trolls can speak
@owenhoong88
December 22, 2023 at 12:42 pm
Always blaming others, no wonder trump is so popular. Because that's the American way. While you are pointing finger to China, how about your policy of raising interest rate that affects so many countries?
@aihong2971
December 22, 2023 at 12:42 pm
She is representing the USA as a client talking to their Banker in Beijing. With great cordiality 😂