business news

China’s Communist Party removes ex-foreign, defence ministers from top body

China’s Communist Party removed its former foreign and defence ministers, Qin Gang and Li Shangfu, from its Central Committee on…

‘Britain will be a friend and a partner’: UK’s Starmer aims to overhaul EU relations at key summit

OXFORD, England — The U.K.’s new Labour Prime Minister Keir Starmer is seeking to reset fractured relations with Europe on…

U.S.-China tensions are not a ‘new Cold War,’ veteran Singapore diplomat Bilahari Kausikan says

While some may characterize tensions between the U.S. and China as a “new Cold War,” Bilahari Kausikan, Singapore’s former permanent…

JD Vance blames U.S. wage losses on China’s efforts to build its middle class

BEIJING — U.S. presidential hopeful Donald Trump’s new running mate JD Vance stuck to a hard line on China in…

The West must be ready to face the ‘deadly quartet’ of global adversaries, analysts warn

LONDON — Hot on the heels of last week’s NATO summit that highlighted the threat and “systemic challenges” posed by…

Biden tests positive for Covid, cancels speech in Las Vegas

President Joe Biden tested positive for Covid-19 on Wednesday, the White House said. The president, who was delivering speeches in…

RNC Day 3 Recap: JD Vance accepts nomination; Kai Trump, Peter Navarro deliver memorable moments

This was CNBC’s live reporting from the third day of the Republican National Convention in Milwaukee, Wisconsin. The third day…

Biden says he might quit presidential race if ‘medical condition’ emerged

President Joe Biden said in an interview airing Wednesday that he might reconsider his decision to stay in the race…