Major News
Risky partner: Top U.S. universities took funds from Chinese firm tied to Xinjiang security
SHANGHAI (Reuters) – The Massachusetts Institute of Technology and at least one other university have research partnerships with a Chinese artificial intelligence company that has business ties with police in China’s Xinjiang region, where a sweeping crackdown on Uighurs has drawn international condemnation. FILE PHOTO: The sign at Building 76 at the Massachusetts Institute of …
IMF’s Lagarde highlights potential disruptive nature of fintech
Christine Lagarde, managing director of the International Monetary Fund (IMF), speaks at the Group of 20 (G-20) high-level seminar on financial innovation “Our Future in the Digital Age”, on the sidelines of the G-20 finance ministers and central bank governors meeting in Fukuoka, Japan, on Saturday, June 8, 2019. Kiyoshi Ota/Pool via REUTERS FUKUOKA (Reuters) …
G20 agrees to push ahead with digital tax: communique
FUKUOKA, Japan (Reuters) – Group of 20 finance ministers agreed on Saturday to compile common rules to close loopholes used by global tech giants such as Facebook to reduce their corporate taxes, a copy of the bloc’s draft communique obtained by Reuters showed. US Secretary of Treasury Steven Mnuchin (R, on podium) delivers a speech …
U.S. Treasury’s Mnuchin says Trump-Xi meeting has parallels to Buenos Aires summit
FUKUOKA, Japan (Reuters) – A highly anticipated late June meeting between U.S. President Donald Trump and Chinese President Xi Jinping has some parallels with their Buenos Aires summit last December that postponed a tariff hike, U.S. Treasury Secretary Steven Mnuchin said on Saturday. U.S. Treasury Secretary Steven Mnuchin talks with China’s Central Bank Governor Yi …