Latest Greater China News

Biden highlights Hyundai announcement of $10B US investment

May. 22, 2022 02:19 AM EDT

SEOUL, South Korea (AP) — President Joe Biden tended to both business and security interests Sunday as he wrapped up a three-day visit to South Korea, showcasing Hyundai’s pledge to invest at least $10 billion in electric vehicles and related technologies in the United States. In...

US, SKorea open to expanded military drills to deter North

May. 21, 2022 13:29 PM EDT

SEOUL, South Korea (AP) — U.S. President Joe Biden and South Korean President Yoon Suk Yeol said after meeting Saturday that they will consider expanded joint military exercises to deter the nuclear threat from North Korea at a time when there's little hope of real diplomacy on the matter. ...

Biden risks troubled Americas summit in Los Angeles

May. 21, 2022 00:27 AM EDT

WASHINGTON (AP) — While President Joe Biden travels in Asia, his administration is scrambling to salvage next month’s summit focused on Latin America. The Summit of the Americas, which the United States is hosting for the first time since the inaugural event in 1994, has risked...

Final-hour rally yanks Wall Street from maw of bear market

May. 20, 2022 21:57 PM EDT

NEW YORK (AP) — Wall Street rumbled to the edge of a bear market Friday after another drop for stocks briefly sent the S&P 500 more than 20% below its peak set early this year. The S&P 500 index, which sits at the heart of most workers’ 401(k) accounts, was down as much...

The AP Interview: US trade rep. sees opportunity in recovery

May. 20, 2022 20:13 PM EDT

BANGKOK (AP) — With world economies all suffering from more than two years of the coronavirus pandemic and global supply problems exacerbated by Russia’s invasion of Ukraine, the United States has an “incredible opportunity” to engage with other nations on a common playing field and forge...

US stocks got close to a bear market. Here’s what that means

May. 20, 2022 16:46 PM EDT

NEW YORK (AP) — The bear came close to Wall Street but then backed off. The stock market’s slump this year briefly pulled the S&P 500 into what's known as a bear market Friday, before a late rally put the index in the green. The prevailing sentiment among investors remains...

Bach says Russia ban is to protect athletes, not punish them

May. 20, 2022 09:17 AM EDT

GENEVA (AP) — Russian athletes and officials who have been banned from international sporting events because of the war in Ukraine are being protected rather than punished, International Olympic Committee president Thomas Bach said Friday. Most sports bodies have followed the IOC...

India accuses China of illegal construction in border area

May. 20, 2022 12:21 PM EDT

NEW DELHI (AP) — India on Friday objected to China's construction of a second bridge across disputed Pangong Lake, an area it said has been under the "illegal occupation” of China since the 1960s. India’s challenge comes amid a two-year-old standoff involving thousands of...

IOC reveals more talks with Peng Shuai, plans Europe visit

May. 20, 2022 12:08 PM EDT

LAUSANNE, Switzerland (AP) — Chinese tennis player Peng Shuai has continued to speak with Olympic officials since the Beijing Winter Games and wants to visit Europe soon, IOC president Thomas Bach said on Friday. The fallout from Peng's allegations last November of being sexually...

Biden: SKorean chip plant a model for deeper ties to Asia

May. 20, 2022 12:07 PM EDT

PYEONGTAEK, South Korea (AP) — President Joe Biden opened his trip to Asia on Friday by touring a South Korean computer chip factory that will be the model for a plant in Texas, holding it out as an illustration of how deeper ties with the Indo Pacific can fuel technological innovation and foster...