Yellen Says U.S., China Must Communicate On Economic Issues, Work To Avoid Conflict

Yellen Says U.S., China Must Communicate On Economic Issues, Work To Avoid Conflict

ZURICH (Reuters) – U.S. Treasury Secretary Janet Yellen told Chinese Vice Premier Liu He in Zurich on Wednesday that the world’s two largest economies share a responsibility to manage their differences and prevent their competition from turning into a conflict. Yellen, in her first in-person meeting with Liu, said there was a “pressing need” for…

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Apple Indefinitely Postpones Launch Of AR Glasses - Bloomberg News

Apple Indefinitely Postpones Launch Of AR Glasses – Bloomberg News

(Reuters) – Apple Inc has postponed the launch of its lightweight augmented-reality glasses indefinitely due to technical challenges, but is still planning to unveil its first mixed-reality headset this year, Bloomberg News reported on Tuesday. The iPhone maker’s mixed-reality headset – which combines both augmented and virtual reality – is set to launch in this…

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Japan Nov Core Machinery Orders Tank More Than Expected

Japan Nov Core Machinery Orders Tank More Than Expected

By Yoshifumi Takemoto and Kantaro Komiya TOKYO (Reuters) – Japan’s core machinery orders fell further than expected in November, prompting the government to slash its view on the barometer of the corporate investment in the world’s third-largest economy to “stalling”. Separate Reuters survey data showed confidence at big Japanese manufacturers had logged the first negative…

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Davos 2023: U.S. consumers in ‘good shape’ as wages grow -BofA CEO

By Lananh Nguyen and Noor Zainab Hussain DAVOS, Switzerland (Reuters) -U.S. consumers are still in “pretty good shape,” even as the Federal Reserve raises interest rates to tame inflation, Bank of America Chief Executive Brian Moynihan told Reuters during the World Economic Forum’s (WEF) annual meeting. “The consumers are spending, their wages are growing and…

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