Wanderlust

Tag: wall street journal

  • G20: Trump and Xi to meet amid US-China trade tensions

    Mr Trump (R) and his wife Melania with Argentine leader Mauricio Macri and his wife Juliana Awada Image copyright Reuters Image caption Mr Trump (R) – noticed here with spouse Melania, Argentine President Mauricio Macri and his spouse Juliana Awada – ultimate met Mr Xi remaining 12 months

    Donald Trump is to satisfy China’s President Xi Jinping after the G20 summit of their first talks considering the fact that a trade warfare erupted earlier this yr.

    Mr Trump said he was hoping they’d reach a deal right through their dinner in Buenos Aires to defuse industry disagreements and mentioned he believed Beijing wanted this.

    A Chinese Language authentic meanwhile said “consensus is often expanding” however variations remained.

    Both facets have imposed tariffs on billions of dollars’ value of items.

    On Friday Mr Trump in brief met Russian President Vladimir Putin at the sidelines of the G20, a Russian professional advised Reuters.

    Image copyright EPA Image caption Mr Xi’s government has retaliated to price lists imposed on Chinese Language items by means of the u.s.

    However the united states industry representative, Robert Lighthizer, mentioned he could be stunned if Mr Trump’s running dinner with Mr Xi “wasn’t a success”.

    Meanwhile Wang Xiaolong, director normal of the Foreign Ministry’s department of global economic affairs, stated negotiations between Chinese Language and US officers were making some development.

    Trump talks tricky on China prior to G20 US-China industry row: What has happened up to now? Grappling with China’s rising power

    the u.s. has hit $250bn of Chinese goods with price lists for the reason that July, and China has retaliated by way of enforcing duties on $110bn of us products.

    Earlier this month the Trump management accused China of not converting its “unfair” practices.

    Beijing meanwhile has accused the united states of beginning “the biggest business struggle in economic historical past”.

    US-China industry divisions additionally meant an Asian financial summit earlier this month was unable to agree a proper leaders’ statement for the first time in its historical past.

    Media playback is unsupported on your instrument

    Media captionSo how does a G20 summit work?

    through the Asia-Pacific Economic Cooperation (Apec) summit, Mr Xi took a swipe at the u.s.’s The Us First coverage by way of saying that nations that embraced protectionism had been “doomed to failure”.

    Ahead of the G20 Mr Trump informed US media he expected to move in advance with plans to boost tariffs on $200bn of Chinese Language items – first offered in September – to 25% (up from 10%) starting in January 2019.

    Mr Trump additionally mentioned that if talks were unsuccessful, he would perform a threat to hit the remainder $267bn of annual Chinese exports to the united states with tariffs of 10-25%.

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  • Amazon chief Jeff Bezos gives $2bn to help the homeless

    Jeff Bezos Image copyright Reuters

    Amazon chief Jeff Bezos is putting $2bn (£1.5bn) into a charitable fund he has established to help the homeless and set up a new network of schools.

    The world’s richest man announced the move in a tweet, saying the charity would be called the Day One Fund.

    Mr Bezos – reportedly worth more than $164bn – has faced criticism for not doing more philanthropic work.

    And US Senator Bernie Sanders has criticised working conditions in Amazon warehouses.

    Mr Bezos asked on Twitter last year for suggestions on how he might use his personal fortune, which this year has soared due to Amazon’s surging share price and US tax cuts.

    He said on Thursday that the “Bezos Day One Fund” will contribute to “existing nonprofits that help homeless families” and also fund “a network of new, nonprofit, tier-one preschools in low-income communities”.

    The fund will be split between Day 1 Families Fund and Day 1 Academies Fund.

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    — Jeff Bezos (@JeffBezos) September 13, 2018

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    “The Day 1 Families Fund will issue annual leadership awards to organizations and civic groups doing compassionate, needle-moving work to provide shelter and hunger support to address the immediate needs of young families,” Mr Bezos said in a tweet.

    The Day 1 Academies Fund will launch and operate a network of high-quality, full-scholarship, Montessori-inspired pre-schools in low-income and underserved communities, he said. “We will build an organization to directly operate these schools,” he added.

    Despite the huge amount of money being given, it is far less than the philanthropy of other billionaires such as Microsoft’s Bill Gates, who has donated tens of billions to his foundation, and Facebook’s Mark Zuckerberg, who has pledged to donate 99% of his shares in the social media giant to an organization focused on public good.

    The $2bn also falls short of the “giving pledge” initiative launched by Mr Gates and billionaire investor Warren Buffett, who have encouraged wealthy individuals to pledge half their fortunes for philanthropy.

    Mr Bezos, who operates the Blue Origin space rocket project and who owns the Washington Post newspaper, has given donations to a scheme to help the children of immigrants, cancer research, and Princeton University.