US trade chief backs vaccine patent waivers, may meet China’s Liu He

US trade chief backs vaccine patent waivers, may meet Liu He

(ATF) US Trade Representative Katherine Tai announced backing for a Covid vaccine patent waiver on Wednesday May 5 and said, separately, that she expects to meet Chinese officials such as Vice Premier Liu He “in the near term” to assess implementation of the 'Phase one' trade deal agreed under the …

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EU-China deal skids to a halt over sanctions

EU-China deal skids to a halt over sanctions

(ATF) The European Union's much-touted investment deal with China is on ice due to plunging diplomatic relations that culminated in tit-for-tat sanctions, officials said on Tuesday. Chinese and EU officials approved a major investment pact in December 2020, wrapping up seven years of painstaking negotiations thanks to a final push …

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EU turns anti-competition guns on China SOEs

EU turns anti-competition guns on China SOEs

(ATF) After cracking down on unfair practices by US tech giants, the European Union is turning its gaze to Chinese state-owned enterprises (SOEs). The bloc’s policymaking body, the European Commission, is formulating new rules that would give its regulators power to pursue SOEs if it was suspected that state subsidies …

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Corn futures hit 8-year high on China demand and low supplies

Corn futures hit 8-year high on China demand and low supplies

(ATF) Corn (maize) futures hit their highest price in more than eight years on Monday due to limited US supplies, strong China demand and concerns over drought in Brazil. The most-active July corn contract posted the biggest gains. Traders continue to focus on tight global corn supplies as many American …

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China’s Suning looks for partner to finance Inter Milan

China’s Suning looks for partner to finance Inter Milan

(ATF) Inter Milan won the Italian Serie A league on Sunday May 2 for the first time in 11 years, but the team’s Chinese owner - retail group Suning - is scrambling to raise funds after the collapse of a planned European Super League that would have supplied a cash …

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Bill and Melinda Gates to divorce, but charity to continue

Bill and Melinda Gates to divorce, but charitable foundation to go on

(ATF) Former Microsoft boss Bill and and his wife Melinda filed for divorce on Monday May 3 after 27 years of marriage. But the couple, who co-founded of one of the world's largest private charitable foundations, have said their philanthropic work will continue. The Bill & Melinda Gates Foundation has …

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World's biggest coal port takes ‘behaviour-based’ $398m loan 

World's biggest coal port takes ‘behaviour-based’ $398m loan 

Port chiefs in Newcastle, Australia, have agreed a A$515 million loan with National Australia Bank (NAB) that links interest payments to emissions targets. The world's largest coal port will pay less if certain ‘non-mandatory social and environmental’ targets are met, including reducing its direct and indirect greenhouse gas emissions and …

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