U.S. and China agree on trade framework after two days of talks in London, Chinese negotiator says
U.S. President Donald Trump, left, meets with Chinese President Xi Jinping during a meeting on the sidelines of the G-20 summit in Osaka, Japan, June 29, 2019. (AP Photo/Susan Walsh, File)
The United States and China have agreed on a trade framework after two days of negotiations in London, China's trade negotiator Li Chenggang told reporters on Wednesday, according to Chinese state broadcaster CGTN.
The two sides 'have agreed in principle on the framework for implementing the consensus reached by the two heads of state during their phone talks on June 5 and at Geneva talks last month,' he said.
This is a breaking story. More to come...
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
CBC
22 minutes ago
- CBC
Protests over federal immigration raids pop up across the U.S. with more planned
Social Sharing Protests over federal immigration enforcement raids and U.S. President Donald Trump's move to mobilize the National Guard and Marines in Los Angeles are spreading all over the U.S. and are expected to continue into the weekend. While many demonstrations against the Immigration and Customs Enforcement agency have been peaceful, with marchers chanting slogans and carrying signs, others have led to clashes with police, hundreds of arrests and the use of chemical irritants to disperse crowds. In Texas, Republican Gov. Greg Abbott posted on social media that an unspecified number of National Guard troops "will be deployed to locations across the state to ensure peace & order." Activists say they will hold even larger demonstrations in the coming days, with "No Kings" events across the country on Saturday to coincide with Trump's planned military parade in Washington, D.C. The Trump administration said immigration raids and deportations will continue regardless. A look at some protests across the country: New York City Police detained more than 80 people during protests in lower Manhattan's Foley Square on Tuesday evening and early Wednesday. Protesters shouted and waved signs that included "ICE out of NYC" as they rallied near an ICE facility and federal courthouses. Police estimated some 2,500 people participated. Some protesters jumped over metal barricades and clashed with officers who wrestled them to the ground. Video shows demonstrators throwing items at law enforcement vehicles. Police Commissioner Jessica Tisch said most of the demonstrators were peaceful and that just a few caused the disorder that required police intervention. "We want to maintain everyone's right to protest peacefully in this city and in this country, but we will not tolerate chaos and disorder or violence," Tisch said Wednesday morning during an appearance on Fox 5 New York. Police said they took 86 people into custody, including 52 who were released with criminal court summonses for minor crimes and 34 who were charged with assault, resisting arrest and other crimes. San Antonio More than 400 people gathered outside of city hall Wednesday evening for an anti-ICE demonstration, according to local authorities. The protest was largely peaceful, with many blasting music and some handing out water. Nearby streets were closed off as law enforcement officers watched from hundreds of feet away. Dozens walked there from the historic Alamo mission after police closed off the area before the protest began. San Antonio Police Chief William McManus encouraged peaceful demonstration but said his officers would respond if "it turns violent." Officers with the Texas Public Safety Department said the Texas National Guard was present at the protest. Members were not seen standing with law enforcement officers in front of a small crowd of demonstrators. Republican Gov. Greg Abbott declined to say how many soldiers would be sent or how, only that they would be deployed in "strategic locations where they can provide the most robust response" necessary. He did not say whether he or the president mobilized them. "There are others outside of this room who would like to know that. And I'm not going to tell them," Abbott said. "We want to make sure that what has happened in California does not happen in Texas." Mayor Ron Nirenberg said he did not ask the governor to deploy the National Guard troops and officials said they did not know how many troops were being sent, where they would be stationed or what they would do. "I want to acknowledge the anger and frustration that's out there with the federal government's crude interpretations of immigration law and cruel approach to human rights,' Nirenberg said. "Exercise your right to free speech, but I urge you to keep it lawful and peaceful." Philadelphia About 150 protesters gathered outside the Federal Detention Centre on Tuesday afternoon and marched to ICE headquarters then back to the detention centre. Police ordered a group marching along a major road to disperse and when they ignored the orders officers arrested 15 of them. Several officers used force during the arrests and their conduct will be reviewed, police said, without detailing what kind of force was used. Two officers suffered minor injuries. San Francisco About 200 protesters gathered outside the San Francisco Immigration Court on Tuesday after activists said several people were arrested there. Protests in the city swelled to several thousand demonstrators Sunday and Monday, and more than 150 people were arrested after some vandalized buildings and damaged cars, police vehicles and buses. Police said two officers suffered non-life threatening injuries. Seattle Hundreds of protesters marched through downtown Wednesday evening to a federal building where immigration cases are heard, with some dragging a dumpster nearby and setting it on fire. The building was covered in graffiti, with "Abolish ICE Now" written in large letters across its front window. Some protesters moved electric bikes and cones to block its entrance. Dozens of officers squared off with protesters near the federal building, with some shooting pepper spray. Officers worked to move the crowd away from the federal building, with some protesters throwing fireworks and rocks at officers, according to the Seattle Police Department. Chicago Police said 17 people were arrested at a protest that jammed a downtown plaza and took over surrounding streets Tuesday evening. Some of those arrested were accused of vandalism, and four were charged with felonies including aggravated battery against an officer of the peace. Also Tuesday, a 66-year-old woman was treated for a fractured arm after being struck by a car. Video showed the vehicle speeding along a road filled with protesters. No other injuries were reported. Denver A group of protesters gathered before the Colorado state capitol, creating a sea of cardboard signs, one exhorting: "Show your faces. ICE cowards." The group then split in half, with hundreds chanting and marching down two thoroughfares and crowding out traffic. Police ordered them to disperse. Officers used smoke and pepper balls to control the crowd and 17 people were arrested, Denver police said Wednesday. Spokane Mayor Lisa Brown imposed a downtown curfew after a protest Wednesday afternoon outside an ICE office in Spokane, Washington. The curfew will run from Wednesday at 9:30 p.m. until 5 a.m. Thursday, according to a statement released by the city. The curfew doesn't apply to law enforcement, emergency personnel, media, people leaving the soccer game at a local sports facility, residents who live in the area and people traveling for work. Several protesters were detained outside the ICE building, KXLY-TV reported.
Globe and Mail
22 minutes ago
- Globe and Mail
Create a Portfolio of Passive Income: 3 High-Yielding Dividend Stocks That Pay More Than 5%
Dividend income offers a great way to strengthen your overall financial position. It can potentially make you less dependent on the income you earn from a job, maybe even allowing you to work less or retire earlier than planned. Money doesn't buy happiness, but being less dependent on work to fund your lifestyle could be a contributor to a happier, less stressful life. A great way to build up dividend income is to invest in high-yielding dividend stocks that also happen to be lower-risk investments. Pfizer (NYSE: PFE), Realty Income (NYSE: O), and Bank of Nova Scotia (NYSE: BNS) are three attractive investments that you'll want to consider if you want to create a strong portfolio of income-generating stocks. Pfizer If you're looking for a high-yielding stock to hold for the long term, Pfizer is one you'll want to strongly consider. At 7.4%, its yield right now is more than five times what you'd get with the average stock on the S&P 500, which pays about 1.3%. Pfizer's stock is trading down more than 10% this year (as of the end of last week), as it can't seem to catch a break. While its valuation is modest -- it trades at 17 times its trailing earnings -- concerns about healthcare reform and the company's future growth prospects have made investors uneasy about the business and investing in it. But the healthcare company is still doing well and is on track to hit its guidance, which calls for revenue between $61 billion and $64 billion this year (comparable to how it did last year). It is also slashing costs to improve its bottom line. And it has been less than two years since it acquired oncology company Seagen, which may unlock more long-term growth for Pfizer in the future. Last year, the company also obtained approval from regulators for its first gene therapy in the U.S. -- Beqvez, a treatment for a genetic bleeding disorder. There's some uncertainty and risk with Pfizer, but there are opportunities as well. And at such a modest valuation, now can be an excellent time to add it to your portfolio. Pfizer has been a big name in healthcare for decades, and I don't think that's likely to change anytime soon. Realty Income One dividend stock I think all income investors should consider owning is Realty Income. This is a real estate investment trust (REIT) that not only offers a high yield of 5.8%, but it also pays a dividend every month. There's no need to wait around for multiple months, as is the case with other dividend stocks; with Realty Income, you're getting a much more regular stream of cash flow. The REIT has a diverse mix of tenants, which makes it an ideal option for long-term investors. It's diversified across industries and geographies, with more than 1,500 clients across 91 industries. The dividend remains well supported -- the REIT reported funds from operations (FFO) per share of $1.05 during the first three months of the year (versus $0.94 a year ago). That averages out to $0.35 per share per month, which is higher than the rate of its monthly dividend of $0.2685. REITs use FFO to assess how much they can afford to pay in dividends, and with Realty Income's financials looking solid, there aren't any significant risks with its payout. Share prices of Realty Income are up 5% this year, and this can be a great income-generating investment to add to your portfolio for the long haul. Bank of Nova Scotia Rounding out this list of high-yielding dividend stocks is Canada-based Bank of Nova Scotia, also known as Scotiabank. At around 6%, that's a high payout for a top bank stock that is known for long-term stability. It declared its first dividend back in 1833 and has continued making regular payments since then. The bank increased its provision for credit losses in its most recent quarter, in a sign of growing concern about macroeconomic conditions. Scotiabank's net income totaled over $2 billion Canadian dollars for the period ending April 30, which was nearly identical to its bottom line in the prior-year period. There are concerns about how the Canadian economy may perform in the near future due to tariffs, but in the grand scheme of things, that may prove to be a short-term concern for investors who are willing to hang on for years. Scotiabank's impressive track record and resilience over the years should inspire some confidence in the business. The bank stock has increased its dividend by more than 22% in four years and can be an excellent option to hang on to for the long term. Not only can you collect a high yield today, but the dividend income you get from this investment can rise over the years. Should you invest $1,000 in Pfizer right now? Before you buy stock in Pfizer, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Pfizer wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $649,102!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $882,344!* Now, it's worth noting Stock Advisor 's total average return is996% — a market-crushing outperformance compared to174%for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of June 9, 2025
CTV News
29 minutes ago
- CTV News
Protests at G7 summit in Alberta set to be largely peaceful, targeting Trump policies
Demonstrators hold a banner reading: "No war, No G7 " during a protest against the G7 summit in Fasano, southern Italy, Saturday, June 15, 2024. (AP Photo/Gregorio Borgia) EDMONTON — Protests during the upcoming G7 leaders summit in Kananaskis, Alta., may be starkly different than demonstrations happening this week against immigration crackdowns in the United States. A University of Toronto research group that has been monitoring the meetings of world leaders since 1998 says its analysis shows Canadian protests are more peaceful and smaller. But similar to the recent demonstrations in Los Angeles, they're likely to be against the policies of U.S. President Donald Trump. 'The Los Angeles protests will add another (issue) the protesters going there already care about, but it won't do anything much more than that,' said John Kirton, director of the G7 Research Group. 'I don't think it'll bring more protesters, too. Nor will the L.A. protests delay Trump from coming here.' Prime Minister Mark Carney is hosting Trump and world leaders from France, Germany, Japan, the United Kingdom, Italy and the European Union for the three-day summit starting Sunday in the Rocky Mountains southwest of Calgary. Leaders of several non-member countries, including India, Ukraine and Mexico, are also set to attend. The summit comes as protests in the United States continue against Trump's immigration raids, particularly his government's detainment of migrants. Hundreds of marines have joined about 4,000 National Guard troops in Los Angeles. The protests have seen clashes with police, burned cars, rubber bullets shot at journalists and arrests. In Alberta, Kirton said protests during the G7 are not expected to be the same. '(The G7's) distinctive mission from the very beginning was to promote within its own members the values of open democracy,' he said. 'In democracies, people are supposed to protest. It's an integral part.' It's unlikely Canada's government would respond to any clashes like Trump, by calling in the military, Kirton added. The remote Kananaskis location will be closed off to the public. Visuals and audio of protesters at three demonstration zones designated by the RCMP — two in downtown Calgary and one in Banff — are to be shown to the leaders and other delegates at the summit on TV screens. Another zone at the Calgary airport won't be broadcast. Kirton said the distance between officials and protesters ensures the summit unfolds peacefully. 'Trump has been subjected to two assassination attempts, and one almost killed him. So you can see why (RCMP) have to be hypervigilant,' Kirton said. The Calgary Raging Grannies group plans to be at the protest zone at Calgary City Hall on Sunday afternoon. Mary Oxendale-Spensley, 74, said the grandmothers will be far from raging and clashing with police when they call out Trump's tariffs and his pitch to annex Canada. 'We do intend to sing,' said the retired teacher. One of their songs in the lineup: 'U.S.A., you have got a problem.' The song calls the U.S. president an 'orange blob' because of his tan, says he's 'way out of line,' and declares 'our sovereign nation will never be yours,' said Oxendale-Spensley. Ensuring Trump hears their message is vital, she said, even if it's on a screen. 'I'm a Canadian. I was Canadian when I was born. I intend to be a Canadian when I die.' It's hard to say how many grannies will be at the protest, she added. 'My big complaint about the grannies always is that we're grannies. People get sick, people break their ankle, that kind of thing.' Protests at the last G7 summit in Kananaskis in 2002 were peaceful, Kirton said, as demonstrators were also given designated zones. 'I do remember most vividly it was very hot,' Kirton said, and there were not many protesters. 'There were so few of them and it was so peaceful that we didn't even bother to estimate a number.' Aside from protests against Trump, some are expected to address other issues — like calling for an end to the Israel-Hamas war and Russia's war in Ukraine, Kirton said. Kirton said he also anticipates a presence from Canadians who want Alberta to separate from Canada, as well as those opposed to Indian Prime Minister Narendra Modi. Tensions have been high between Canada and India since 2023, when former prime minister Justin Trudeau told the House of Commons that agents of the Indian government were linked to the killing of a Canadian activist for Sikh separatism outside a gurdwara in Surrey, B.C. The World Sikh Organization of Canada said inviting Modi to the G7 is unacceptable. The International League of Peoples' Struggles, an international alliance of grassroots organizations, is expecting about 200 people for a protest also at Calgary City Hall. Yasmeen Khan, vice-chair of the group's North America chapter, said protesters want to raise awareness about various issues, including Indigenous struggles, housing and climate change. 'We'll have banners. We'll be chanting,' she said. 'We will also have some cultural performances from some Indigenous artists and migrant youth.' Mounties said first responders are prepared for protests. 'While the number of participants may vary, we have strong situational awareness of anticipated demonstrations and are well positioned to respond accordingly,' said RCMP spokesman Fraser Logan. This report by The Canadian Press was first published June 12, 2025. Fakiha Baig, The Canadian Press
