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China has made its most aggressive move yet to counter US financial sanctions, putting global banks that operate in both countries in direct conflict between two sets of rules. Banks that comply with US sanctions risk Chinese penalties, while those that don't risk losing access to the dollar system.
China's UN Ambassador Fu Cong says reopening the Strait of Hormuz and securing a ceasefire are "urgent" priorities that will dominate any Xi-Trump talks. The strait carries about one-fifth of global oil supply, making its status a direct driver of energy prices worldwide.
China plans to restrict US investment in its technology companies, Bloomberg News reports. The move could cut off American venture capital and institutional money from one of the world's largest tech sectors. No timeline or formal policy details have been confirmed yet.
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China has made its most aggressive move yet to counter US financial sanctions, putting global banks that operate in both countries in direct conflict between two sets of rules. Banks that comply with US sanctions risk Chinese penalties, while those that don't risk losing access to the dollar system.
1mo ago · 2 min · Global Affairs
China's UN Ambassador Fu Cong says reopening the Strait of Hormuz and securing a ceasefire are "urgent" priorities that will dominate any Xi-Trump talks. The strait carries about one-fifth of global oil supply, making its status a direct driver of energy prices worldwide.
1mo ago · 2 min · Global Affairs
China plans to restrict US investment in its technology companies, Bloomberg News reports. The move could cut off American venture capital and institutional money from one of the world's largest tech sectors. No timeline or formal policy details have been confirmed yet.
2mo ago · 1 min · Global Affairs
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