Latest Greater China News

Biden to lay out in Japan who's joining new Asia trade pact

May. 22, 2022 21:53 PM EDT

TOKYO (AP) — President Joe Biden on Monday is set to launch a new Indo-Pacific trade pact designed to signal U.S. dedication to the region and address the need for stability in commerce after the chaos caused by the pandemic and Russia's invasion of Ukraine. The White House says...

Taiwan not included in launch of new Biden Indo-Pacific pact

May. 22, 2022 12:05 PM EDT

TOKYO (AP) — President Joe Biden on Monday is expected to come out with a list of nations that will join a long-anticipated Indo-Pacific trade pact, but Taiwan won't be among them. White House national security adviser Jake Sullivan confirmed that Taiwan isn't among the governments...

Pope voices hope church in China can operate in freedom

May. 22, 2022 08:22 AM EDT

VATICAN CITY (AP) — Pope Francis on Sunday expressed his spiritual closeness to Catholics in China, voicing hope that the church there operates in “freedom and tranquility,’’ but making no mention of a 90-year-old cardinal who was recently arrested in Hong Kong. Addressing...

Biden pushes economic, security aims as he ends SKorea visit

May. 22, 2022 06:27 AM EDT

SEOUL, South Korea (AP) — President Joe Biden tended to both business and security interests Sunday as he wrapped up a three-day trip to South Korea, first showcasing Hyundai's pledge to invest at least $10 billion in the United States and later mingling with troops at a nearby military base. ...

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...