Trump admin won't give AI leaders a 'liability shield,' Bessent tells CNBC
Bessent spoke with CNBC's "Squawk Box" about AI safety concerns and this week's summit between Chinese President Xi Jinping and President Donald Trump.
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Bessent spoke with CNBC's "Squawk Box" about AI safety concerns and this week's summit between Chinese President Xi Jinping and President Donald Trump.
US attempts to slow down Chinese progress on AI through economic restrictions could backfire.
US and Chinese delegations held "succesful" and "constructive" talks in New York on Sunday on Artificial Intelligence and trade, ahead of Chinese President Xi Jinping's visit to Washington later this week. The two countries discussed setting up a dialogue mechanism as fears over AI security keep rising, and prepared to ease trade tensions as a truce deal is set to expire in November. Also in this edition, France and Canada seek to deepen ties on critical minerals and energy.
Top US and Chinese officials held talks in New York on Sunday ahead of a Trump-Xi summit this week.
Chinese biopharma stocks rose on Monday after a report that the U.S. may continue to allow most drug licensing deals with Chinese firms.
US and Chinese officials discussed creating a communication channel over potentially serious AI incidents during talks in New York on Sunday as the two sides sought progress on technology and trade ahead of this week’s summit between US President Donald Trump and his Chinese counterpart Xi Jinping.
In the first quarter of 2026, China became the leading destination for Rwandan exports, accounting for 26% of the total, compared with less than 5% just one year earlier. A spectacular shift, driven by the removal of Chinese tariffs on almost all Rwandan products. But on the ground, access to this market of 1.4 billion consumers depends less on tariffs than on meeting sanitary standards. Report by Aurore Bayoud.
Leaders of six major auto trade groups joined to sign a letter to the president.
Grand Ji Hotel, the new premium hotel brand from H World Group, brings a distinctly Chinese design philosophy and aesthetic to the guest experience, shaped by ideas around privacy, calm, and hospitality. Behind it are the technology, supply chain, and operating capabilities needed to carry that vision across a growing brand.
A Chinese court ordered the former billionaire's assets to be confiscated and fined Evergrande-related companies billions of dollars.
Europe's biggest automaker, Volkswagen, faces Chinese competition, high costs and US tariffs. What could its restructuring mean for the German car industry?
Philippine Coast Guard accuses China of dangerous military manoeuvres near Palawan province.
The struggling German carmaker plans to cut up to 100,000 jobs from its 630,000-strong workforce. How did VW's headcount get so bloated, and will the cuts be enough to survive the Chinese EV onslaught?
Rhodium Group's latest analysis of Chinese and U.S. AI companies also found that low revenue did not necessarily correspond with lower valuation.
Golden State Warrior superstar Stephen Curry announced in June he was signing a long-term partnership with Chinese brand Li-Ning.
The startup Moonshot said it signed on financial industry giants from investment bank CICC to venture capital firms
Europe has some promising battery tech, but can it make up ground lost to Chinese battery giants?