Biden doesn’t want China to play part in setting out 21st-century rules for trade and technology

Biden doesn’t want China to play part in setting out 21st-century rules for trade and technology

“We will focus on ensuring that market democracies, not China or anyone else, write the 21st-century rules around trade and technology,” Biden said in his editorial in the Washington Post, which he devoted to his upcoming visit to Europe, the first foreign travel of his presidency.

Biden is planning to meet with the European Commission and the president of the European Council to discuss global challenges and outline ways of coordinating work to overcome them.

“The world’s major democracies will be offering a high-standard alternative to China for upgrading physical, digital and health infrastructure that is more resilient and supports global development,” he wrote.

Earlier this week, the US president signed an executive order, barring US investors from holding financial interests in 59 Chinese companies that allegedly undermine the security or democratic values of the country and its allies. The prohibitions come into force on August 2.

On his first international trip since taking office, Biden is expected to meet with British Prime Minister Boris Johnson and Queen Elizabeth II, Turkish President Recep Tayyip Erdogan, and Russian President Vladimir Putin.

For more stories on economy & finance visit RT's business section

Source: www.rt.com

The last notes - Экономика

most read news

#Экономика

Chronic underinvestment in new oil supply since the 2015 crisis and the pressure on oil and gas companies to curb emissions and even “keep it in the ground” will likely lead to peak global oil
подробнее...

Squid, initially launched last week at just 1 cent, jumped 7,500% from $37 on October 31 to $2,850 per coin on Monday. However, within just a few minutes, the token’s value collapsed to $0.0008,
подробнее...

Boom Bust asks David Tawil of ProChain Capital to lend his insights on the energy shortage and how the world is compensating.For more stories on economy & finance visit RT's business
подробнее...

For more stories on economy & finance visit RT's business
подробнее...

The consumers are mostly European countries, including Germany, Lithuania, Estonia, Czech Republic, Finland, and Poland. China is also among the top 5 buyers of Russia’s wild organic crops.“Russia can
подробнее...

The EU’s head of trade, Valdis Dombrovskis, confirmed the deal in a Twitter post on Saturday, writing, “we have agreed with US to pause our steel & aluminium (232) trade dispute and launch cooperation
подробнее...

Last week, Hertz Global announced in a press release that it had placed “an initial order of 100,000 Teslas by the end of 2022.” Despite the indications in the announcement that the deal has not been
подробнее...

According to Kemp, OPEC+, like US shale oil drillers, tend to put more weight on the downside risks for prices than on upside risks. Indeed, Saudi Arabia’s oil minister Abdulaziz bin Salman earlier
подробнее...

In contrast, other cities around the world saw average growth in their Global Cities Index (GCI) score of less than 1% as a result of the coronavirus crisis, while some even experienced negative
подробнее...

In the last four weeks, grocery price inflation in the country reached 2.1%, its highest rate since August 2020, when retailers were forced to cut promotions to keep merchandise on the shelves.Kantar
подробнее...

“In New York we always go big, so I’m going to take my first THREE paychecks in bitcoin when I become mayor,” Adams posted on his Twitter account. “NYC is going to be the center of the cryptocurrency
подробнее...

Apple's shares fell 1.8% on Friday, ending the trading session at $149.80 apiece. The company’s market capitalization dropped to $2.48 trillion. Microsoft shares, however, showed 2.2% gains, reaching
подробнее...

Former US Congressman Alan Grayson (D-FL) and Jeffrey Tucker of the Brownstone Institute debate the issue on Boom Bust.For more stories on economy & finance visit RT's business
подробнее...

According to the Bloomberg Billionaires Index, energy billionaires globally have seen their combined net worth jump more than 20% in the first half of the year alone, the highest growth in wealth of
подробнее...

OPEC states produced 27.5 million barrels per day (bpd) in October, marking a monthly increase of 190,000 bpd, according to a Reuters survey. However, the increase fell short of the planned 254,000
подробнее...

Participants of the two-day offline event are expected to discuss a wide range of issues concerning economy and finance, healthcare, environment, energy and technological innovations. The forum’s
подробнее...

The price of December futures on the TTF hub in the Netherlands rose to $908 per thousand cubic meters, which constitutes a 12% daily increase.On Monday, the price of gas in Europe jumped by 11% after
подробнее...

The gas ended up in Poland, which often buys reverse gas supplies from Germany in order to avoid the appearance of buying gas directly from Russia.Direct pumping via the Yamal-Europe pipeline that
подробнее...