Claudia Sheinbaum, also known as “la Doctora,” has a remarkable background. With impressive academic credentials in physics and a doctorate in energy engineering, she has served as the mayor of a densely populated city and was a member of the United Nations panel of climate scientists that received a Nobel Peace Prize.
US Pentagon chief visits Cambodia to boost ties with China ally
US Defense Secretary Lloyd Austin made a visit to Cambodia on Tuesday to improve relations with China’s close ally.
China Risks Trade War on Two Fronts as Low-Tech Exports Soar, Too
China’s export growth extends beyond high-tech industries, raising concerns of a potential backlash from countries previously avoiding the trade war. The European Union is expected to impose tariffs on Chinese electric vehicles
Australia should force Meta to pay for news, News Corp executive says
According to a senior executive from News Corp Australia, Australia should compel Meta Platforms, the parent company of Facebook, to compensate news organizations for the content that appears on its platform.
China’s robust services activity drives up employment, Caixin PMI shows
According to a private sector survey, China’s services activity in May grew at its fastest pace in 10 months, indicating a sustained recovery in the second quarter. The Caixin/S&P Global services purchasing managers’ index (PMI) increased to 54.0 from 52.5 in April, marking the 17th consecutive month of expansion and the highest growth rate since July 2023.
BlackRock, Citadel Back Upstart Texas Challenge to NYSE, Nasdaq
BlackRock Inc., Citadel Securities, and other investors are supporting a new stock market in Texas that aims to challenge the dominance of the New York Stock Exchange and Nasdaq Inc.
Asian stocks rise on rate-cut wagers; spotlight on India
Asian stocks saw gains on Wednesday, with the dollar remaining stable. This comes as the weakening U.S. labor market increases expectations of a September interest rate cut by the Federal Reserve. However, concerns about a slowdown in the U.S.
Australia Economy Remains Weak on Household Spending Squeeze
Australia’s economy experienced another period of sluggish growth in the first quarter of the year, as households grappled with high interest rates and living costs. According to data from the Australian Bureau of Statistics, gross domestic product (GDP) expanded by a mere 0.1% compared to a revised 0.3% in the previous quarter,