Yellen says US wants healthy competition with China, not ‘winner-take-all’ approach

BEIJING (Reuters) – The United States is seeking a healthy competition with China based on fair rules that benefit both countries, not a “winner-take-all” approach, U.S. Treasury Secretary Janet Yellen told Chinese Premier Li Qiang in a meeting in Beijing on Friday. Yellen, in prepared remarks, told Li she hoped her visit would spur more…

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Biden says decision to provide cluster munitions to Ukraine was difficult -CNN interview

WASHINGTON (Reuters) – U.S. President Joe Biden said on Friday that his decision to provide Ukraine with cluster munitions was a tough one, but that he believes Kyiv needs the weapons so Russia cannot halt the Ukrainian counteroffensive. “They’re trying to get through those trenches, and stop those tanks from rolling,” Biden said in an…

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Republicans question BlackRock fund governance, revisiting old concerns

By Ross Kerber (Reuters) – A group of 15 Republican state attorneys general have questioned whether directors of BlackRock mutual funds are sufficiently independent of the world’s largest asset manager. In a letter dated July 6 and provided to Reuters on Friday by a representative of Montana Attorney General Austin Knudsen, the group reviewed longstanding…

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NATO allies agree to spend ‘at least 2%’ of their GDP on defence -diplomats

BRUSSELS (Reuters) – NATO allies have reached agreement to raise the alliance’s target for military spending to at least 2% of national GDP, two diplomats told Reuters late on Friday. The 31 allies agreed on “an enduring commitment to invest at least 2%” of their GDP into their militaries in the future, two diplomats said,…

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