Tag: United States

Ukraine Invites Talks in Saudi Arabia as an Effort to Weaken Russia

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Ukraine will make a renewed push this weekend at a gathering in Saudi Arabia to win the support of dozens of countries that have remained on the sidelines of the war — the start of a broader campaign in the months ahead to build the diplomatic muscle to isolate and weaken Russia. Ukraine and Saudi Arabia invited diplomats from some 40 governments to talks in the Red Sea port of Jeddah. Notable among them were China, India, Brazil, South Africa and some of the oil-rich Gulf nations that have tried…

Saudi Arabia to Extend Oil Production Cut by a Month

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In a move to support oil prices, Saudi Arabia said Thursday it would extend its decision to cut oil production by one million barrels a day for another month, to September. Oil prices have recovered strongly in recent weeks partly because of smaller stockpiles of fuel in the United States, but China’s tepid economic recovery has kept oil prices under pressure for most of the year. Saudi leaders need oil prices to stay high because the money from energy sales pays for government spending and ambitious plans to diversify the…

The Global Economy Is Fracturing. What Comes Next?

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Produced by ‘The Ezra Klein Show’ The world economy has experienced many shocks over the past few years: A pandemic. Russia’s invasion of Ukraine. Skyrocketing inflation. These are the stories that have dominated headlines — and for good reason. But they’ve also overshadowed a set of deeper, more fundamental shifts — the rise of China as an economic superpower, the fracturing of trade relations, the realities of the climate crisis — that are transforming the global economic order and prompting ambitious policy responses from leaders across the world. [You can…

Qin Gang, China’s Foreign Minister, Is Replaced

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Mr. Qin, 57, was appointed China’s ambassador to Washington in July 2021, and 17 months later was promoted to foreign minister, singling him out as a trusted protégé of Mr. Xi. Earlier, Mr. Qin had served as a foreign ministry spokesman, a diplomat in London and as a protocol officer, a job that brought him close to Mr. Xi during foreign visits. Mr. Qin graduated from the University of International Relations, a school in Beijing linked to China’s security service, and worked as an assistant in the Beijing bureau of…

Tesla’s Profit Rose in the Second Quarter as Price Cuts Spurred Demand

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Tesla reported a rise in profit for the second quarter after the company led by Elon Musk cut prices in response to increased competition and higher borrowing costs for car buyers. The company said on Wednesday that it earned $2.7 billion from April through June, compared with $2.5 billion in the first quarter of this year and $2.3 billion in the second quarter of 2022. Sales rose 7 percent, to $25 billion, from last quarter. Lower average sales prices, as well as the cost to produce a new pickup truck,…

Xi Rejects Pressure on China to Do More to Address Climate Change

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During his visit to China this week, John Kerry, President Biden’s climate envoy, pressed the hope that the two powers could work together on the urgent problem of global warming despite their intensifying rivalry on other fronts. But Chinese officials made clear that even as they were willing to restart long-stalled climate talks with the United States, the two countries’ tense overall relationship could constrain cooperation. And China’s leader, Xi Jinping, asserted that his government would pursue its goals to phase out carbon dioxide pollution at its own pace and…

How the World’s Two Largest Polluters, U.S. and China, Stack Up

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John Kerry, President Biden’s climate change envoy, wraps up high-level talks with Chinese officials on Wednesday aimed at finding ways to work together on climate change despite simmering tensions between the two world powers. The United States and China are the world’s largest greenhouse gas emitters as well as the world’s green tech powerhouses. If they can agree to speed plans to cut greenhouse gas emissions, it could be consequential for the world’s ability to stay within safe limits of global warming. But there are significant hurdles, including longstanding tensions…

Kissinger Makes Surprise Visit to China, Meets Defense Minister

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Henry A. Kissinger, the 100-year-old former secretary of state who has pushed the United States to take a more conciliatory approach to China, has made a surprise visit to Beijing, meeting with China’s defense minister. The previously unannounced trip by Mr. Kissinger, who more than 50 years ago helped pave the way for diplomatic ties between the United States and China during President Richard M. Nixon’s administration, coincided with a string of visits by currently serving American officials to China. On Tuesday, the day that Mr. Kissinger met with Li…

Extreme Heat Grips 3 Continents as Climate Change Warms Earth

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Punishing heat waves gripped three continents on Tuesday, breaking records in cities around the Northern Hemisphere less than two weeks after the Earth recorded what scientists said were likely its hottest days in modern history. Firefighters in Greece scrambled to put out wildfires, as parched conditions raised the risk of more blazes throughout Europe. Beijing logged another day of 95-degree heat, and people Hangzhou, another Chinese city, compared the choking conditions to a sauna. From the Middle East to the American Southwest, delivery drivers, airport workers and construction crews labored…

One Reason China Is Willing to Engage Again: Its Troubled Economy

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Three months ago it appeared that China’s economy was on track to recover relatively quickly after being closed off to the world during the pandemic. Consumers were spending again. Exports picked up. Even China’s beleaguered housing market gave hints it was stabilizing. That is no longer the case. Official data released Monday revealed that the annual pace of growth in China’s economy tumbled to just a little over 3 percent in the spring, well below the government’s target. Now the faltering economy appears to have helped prompt a shift in…