Yellen urges China to support existing institutions to fight climate change

By Andrea Shalal BEIJING (Reuters) -The United States and China, as the world’s two largest economies, must work together to combat the “existential threat” of climate change, U.S. Treasury Secretary Janet Yellen told Chinese government officials and climate experts on Saturday. During a visit to Beijing, Yellen said previous cooperation on climate change between the…

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Yellen swaps stories of being ‘the only woman in the room’ with Chinese economists

By Andrea Shalal and Yew Lun Tian BEIJING (Reuters) – U.S. Treasury Secretary Janet Yellen, a trailblazer in the field of economics, met with six female economists in Beijing on Saturday, an effort to spotlight gender diversity following meetings with China’s largely male government leaders. Yellen, the first woman to head the U.S. Treasury, has…

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TotalEnergies boss: 2024 U.S. election could cause energy shock

PARIS (Reuters) – The U.S. presidential election could trigger a major energy shock if Republicans were to win and decide to halt hydrocarbon exports, Patrick Pouyanné, the chief executive of French oil major TotalEnergies, said on Saturday. “The only thing that could happen, which is a major systemic risk, is that the Republicans decide to…

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First S.Korea-US Nuclear Consultative Group meeting to be held later this month

SEOUL (Reuters) -The first meeting of the Nuclear Consultative Group (NCG) between South Korea and the United States will take place on July 18 in Seoul, South Korea’s presidential office said on Saturday. The meeting will discuss “information sharing, consultation mechanism and joint planning and execution designed to bolster nuclear deterrence against North Korea.” The…

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China’s auto group retracts pledge to avoid ‘abnormal pricing’

SHANGHAI (Reuters) – The China Association of Auto Manufacturers (CAAM), citing antitrust law, on Saturday retracted a pledge to avoid “abnormal pricing” made two days earlier by 16 automakers, including Tesla.. Thursday’s CAAM-organised pledge by the companies, including Chinese electric vehicle (EV) makers Nio, Li Auto and Xpeng, had been interpreted by some as signalling…

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