Chinese tech giants, including Alibaba-backed Ant Group and e-commerce group JD.com , have paused plans to issue stablecoins in Hong Kong after the government raised concerns about the rise of currencies controlled by the private sector, the Financial Times reported on Saturday.
Nvidia uveiled on Friday the first U.S.-made Blackwell wafer, produced at TSMC's semiconductor manufacturing facility in Phoenix, as demand for AI chips accelerates.
International Monetary Fund Managing Director Kristalina Georgieva said on Friday she was hoping for an agreement between the U.S. and China that avoids a cutoff in the flow of rare earths to the global economy, adding that such restrictions would have a "material impact" on growth.
The head of the World Trade Organization said warned that a decoupling by the world's two largest economies could reduce global economic output by 7% over the longer term.
U.S. Treasury Secretary Scott Bessent on Friday gave specific marching orders for the International Monetary Fund and World Bank to take tougher stances on China's state-driven economic practices as part of his push to get the global lenders to refocus on their core missions.
Monaco Tennis Federation president Melanie-Antoinette de Massy hailed Valentin Vacherot's Shanghai Masters victory on Sunday as a historic milestone for the principality, marking the federation's first-ever Masters 1000 singles title.
Senior Canadian and Chinese officials discussed bilateral trade disputes involving canola and electric vehicles on Friday, Ottawa said, but gave no indication of any immediate breakthrough.
China said Treasury Secretary Scott Bessent had made "grossly distorted" remarks about a top Chinese trade negotiator, rejecting a White House call to roll back the curbs.
U.S. and European pressure on Asian buyers of Russian energy could restrict India's oil imports from December, leading to cheaper supplies for China, while Japan is unlikely to halt its Sakhalin liquefied natural gas shipments for now, trade sources and analysts said.
