EU countries agree to keep compensating passengers for flight delays
European Union countries have agreed to maintain the current three-hour threshold for flight delay compensation in the bloc’s upcoming update to air...
Chinese Ambassador Xie Feng emphasized China’s economic resilience and called for collaboration between China and the U.S. to ensure mutual security and prosperity.
Chinese Ambassador to the United States, Xie Feng, recently stressed that underestimating China is unwise, dismissing pessimistic views about the nation’s future as baseless. At the U.S.-China Business Council’s 2024 Gala Dinner in Washington, D.C., Xie highlighted China’s economic resilience and its commitment to deepening reforms and expanding high-standard opening-up.
Xie noted that China’s economy is on a “generally steady, sound and upward trajectory,” expressing confidence in achieving this year’s growth targets. He mentioned plans for proactive and impactful macroeconomic policies to maintain stability and address potential risks in the coming year.
Addressing trade relations, Xie criticized protectionist measures, stating that attempts to weaponize tariffs or erect barriers would only isolate those who implement them. He warned that such actions could disrupt global industrial and supply chains, advocating instead for collaboration to ensure mutual security and prosperity.
The ambassador’s remarks come amid ongoing discussions about the future of China-U.S. economic and trade relations. Xie reiterated China’s openness to international businesses, including American firms, inviting them to participate in China’s development opportunities.
Xie emphasized that cooperation between China and the United States is essential for global safety and prosperity, suggesting that working together would benefit both nations and the world.
Mexico and South Africa meet in Thursday’s World Cup opener in Mexico City, with both teams approaching the match from very different positions but facing their own pressures.
SpaceX has made history with the largest initial public offering ever in the United States, pricing its shares at $135 each and achieving a market valuation of $1.77 trillion.
SpaceX made a historic entrance into the Nasdaq on Friday, surging over 20% in its first day of trading and lifting its valuation to more than $2 trillion. Investors flocked to the world’s largest IPO, betting on Elon Musk’s sprawling empire spanning rockets, AI and beyond.
While France hosts next week’s Group of Seven summit, businesses in neighbouring Switzerland have already begun taking precautions, with many shops in Geneva boarded up ahead of a large anti-G7 demonstration expected on Sunday.
Formula 1 driver Pierre Gasly’s Monaco Grand Prix podium has been reinstated after Alpine successfully challenged his post-race penalties through a Right of Review request with the FIA.
Every June, roughly 13 million young people in China sit down at the same time to take the same test. They have been preparing for it, in many cases, since primary school. Their families have rearranged their lives around it.
Ambassadors from the European Union’s 27 member states have agreed to advance accession negotiations with Ukraine and Moldova, paving the way for the first formal phase of talks to begin on Monday.
European Union countries have agreed to maintain the current three-hour threshold for flight delay compensation in the bloc’s upcoming update to air passenger rights, preserving one of the most recognisable protections for travellers.
Georgia is overhauling its migration laws in one of the most significant legal reforms in years, introducing criminal penalties for fake marriages, tighter controls on foreign students and expanded investigative powers for the migration authorities.
China has expressed strong dissatisfaction over a United States decision to place several major Chinese companies on a Pentagon list of firms alleged to support the country’s military.
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