Watch live as Joe Biden and Japanese PM Fumio Kishida hold White House press conference
Watch live as Joe Biden and Japanese prime minister Fumio Kishida hold a joint press conference at the White House on Wednesday 10 April.
Political news from city Beijing
U.S. considers easing warnings for Americans traveling to China
The U.S. is considering easing advisories against its citizens traveling to China, Deputy Secretary of State Kurt Campbell said on Tuesday, acknowledging concerns that the warnings may have curtailed exchanges between Americans and Chinese people.
Top military leaders face Congress over Pentagon budget and questions on Israel and Ukraine support
WASHINGTON (AP) — Defense Secretary Lloyd Austin and Joint Chiefs Chairman Gen. CQ Brown Jr. testified on Capitol Hill on Tuesday about the Pentagon’s $850 billion budget for 2025 as questions remained as to whether lawmakers will support current spending needs for Israel or Ukraine.
Mitch McConnell Calls TikTok One Of 'Beijing’s Favorite Tools Of Espionage'
Senate Minority Leader Mitch McConnell (R-Ky.) on Monday appeared to endorse a bill threatening to ban TikTok nationwide, describing the popular social media platform as one of “Beijing’s favorite tools of coercion and espionage.”
EU's von der Leyen echoes Yellen's calls for tough stance on Chinese overcapacity
European Commission chief Ursula von der Leyen on Tuesday said that Europe must talk tough with China on its perceived unfair trade practices, echoing calls a day earlier from U.S. Treasury Secretary Janet Yellen. Speaking ahead of German Chancellor Olaf Scholz's trip to Beijing later this week, von der Leyen said European companies should have the same market access in China as Chinese firms have in Europe, according to comments cited by Reuters. She also urged the German leader to take a hard stance with Chinese authorities about overcapacity and unfair competitive practices. It comes after Yellen on Monday told CNBC she would not rule out any U.S. measures, including potential tariffs, against, China amid concerns that Beijing is intentionally flooding international markets with cheap green energy products.
Ukraine war live updates: Moscow says ties with China are at post-Cold War peak; Russia scrambles to deal with massive floods
This is CNBC's live blog tracking developments on the war in Ukraine. See below for the latest updates.
McConnell says TikTok bill deserves 'urgent attention' amid China security threat concerns
Senate Minority Leader Mitch McConnell, R-Ky., noted the need for the Senate to take action on TikTok in a floor speech on Monday, emphasizing to his colleagues that "America’s greatest strategic rival is threatening our security right here on U.S. soil in tens of millions of American homes."
U.S. ready to sanction Chinese banks if they aid Russia's war machine, Yellen says
The United States is prepared to sanction Chinese banks and companies, as well as Beijing's leadership, if they assist Russia's armed forces with the invasion of Ukraine, U.S. Treasury Secretary Janet Yellen said Monday. "We stand ready to act if we see significant violations, especially by financial institutions," Yellen said in an interview with CNBC's Sara Eisen in Beijing. "Anything that involves aiding Russia's military in their brutal war against Ukraine is unacceptable to us and we have the ability to sanction it." President Joe Biden issued a new executive order in December that vested the Treasury secretary with the authority to sanction financial institutions that aided Russia's military-industrial complex. Yell