As tensions might drag over the next decade, investors have to learn to operate under prolonged uncertainty, said Warburg Pincus' Charles Kaye.World Economyread more
Billionaire investor Howard Marks, the co-chairman of Oaktree Capital, predicts there won't be a recession in the U.S. for another two years.US Economyread more
Network officials also said voters should expect more of a Koch focus on grassroots activism throughout the 2020 election cycle.Politicsread more
One person was killed and five others wounded on Thursday in a shooting on the streets of Washington, D.C., not far from the White House, police said.U.S. Newsread more
Stores are extending hours and cities are spending on light shows as China tries to encourage consumers to spend more money at night.China Economyread more
New research suggests fewer girls pursue careers in STEM — science, technology, engineering and math — because they're better than boys at reading.Closing The Gapread more
Stocks in Asia Pacific edged up on Friday as investors digested a series of developments overnight on the U.S.-China trade front that dampened hopes of a deal being reached...Asia Marketsread more
GM's usage of temporary workers, potential closure of plants and health care contributions remain major sticking points, according to people familiar with the talks.Autosread more
In a room full of avowed capitalists, policies that sound to some like socialism are bound not to go over well.Delivering Alpharead more
Trump has criticized Facebook numerous times since becoming president, most recently posting on Twitter that the company's proposed digital currency, libra, will "have little...Technologyread more
Republicans and Democrats have long since separated themselves by ideology, leaving each more uniformly conservative or liberal than ever. And now a new data analysis by the...Politicsread more
Standing side by side, top U.S. officials urged their Chinese counterparts on Friday to halt militarization of the disputed South China Sea, drawing a rebuke from the Chinese for sending U.S. warships close to islands claimed by Beijing.
During a round of high-level talks in Washington, the two sides aired in sometimes blunt terms many of their main differences, including a bitter trade dispute, freedom of navigation in Asia-Pacific waters, self-ruled Taiwan, and China's crackdown on its Muslim minority in Xinjiang.
Two visiting senior Chinese officials also seized the opportunity to warn publicly that a trade war between the world's two largest economies would end up hurting both sides and to call for keeping channels of communication open to resolve an issue that has unsettled global financial markets.
Despite the airing of grievances, the talks appeared aimed at controlling the damage to relations that has worsened in recent months and at paving the way for an encounter between U.S. President Donald Trump and Chinese President Xi Jinping at the Group of 20 summit in Argentina at the end of November.
"The United States is not pursuing a Cold War or containment policy with respect to China," U.S. Secretary of State Mike Pompeo told a joint news conference.
The meeting paired Pompeo and Defense Secretary Jim Mattis with Chinese Politburo member Yang Jiechi and Defense Minister Wei Fenghe. The annual U.S.-China Diplomatic and Security Dialogue was originally set for Beijing last month but had been called off amid rising tensions.
Pompeo took aim at China over its continued building of military installations on artificial islands and reefs in the South China Sea, where China insists it has sovereignty despite competing claims from some smaller neighbors.
"We have continued concerns about China's activities and militarization in the South China Sea," Pompeo said following the talks. "We pressed China to live up to its past commitments in this area."
Yang said China was committed to "non-confrontation" but that Beijing had the right to build "necessary defense facilities" on what it considers its own territory and urged Washington to stop sending warships and military planes close to the islands that Beijing claims.
Mattis made clear that this demand go unheeded by Washington, which insists it is acting under international law to preserve access for it and others to the South China Sea.
In a statement on Saturday, China's Foreign Ministry described the talks as "frank, constructive and very fruitful."
Responding sharply to Pompeo's mention of Taiwan, which China considers a wayward province but which is armed by Washington, Wei said Beijing would defend its claim on the island "at any cost."
But Wei and Mattis agreed on the need to lower U.S.-China military tensions to avoid unintended clashes, with the Chinese general saying confrontation "will spell disaster to all." Washington has protested to Beijing about recent behavior by its warships that the U.S. Navy considered unsafe.
While Pompeo spoke little about trade in his public comments, Yang said he hoped the two sides would find a mutually acceptable solution on the issue "before long."
China and the United States have slapped tariffs on hundreds of billions of dollars of each other's goods, jolting global financial markets, and Trump has threatened to set tariffs on the remainder of China's $500 billion-plus exports to the United States if the trade dispute cannot be resolved.
Trump's administration has also accused China of meddling in U.S. politics ahead of this week's congressional elections, charges China strongly denies.
Reflecting growing U.S. concerns about the Chinese cyber threat, a senior U.S. intelligence official on Thursday accused China of violating a 2015 agreement aimed at stopping cyber espionage through the hacking of government and corporate data.
Pompeo also reiterated U.S. criticism of China's "repression of religious groups," citing treatment of Buddhists in Tibet and minority Uighur Muslims in the Xinjiang region that has drawn condemnation from human rights groups.
Yang defended China's policies in Xinjiang as measures against "ethnic separatist activities and violent terrorist crimes" but said it was a Chinese internal affair and foreign governments should not interfere.