US, China Clash at UN Meeting Over Panama Canal

2 days ago

Chinese and U.S. representatives clashed on Monday at a U.N. Security Council meeting over the Panama Canal amid an ongoing battle over control of the waterway that connects the Atlantic and the Pacific oceans.
Acting U.S. Ambassador Dorothy Shea raised concerns about Beijing's 'outsized influence' in the area, while Chinese Ambassador Fu Cong denied that Chinese influence on the ports has affected the neutrality of the canal.

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Intel shares skyrocket following report Trump admin is mulling taking stake in chipmaker

New York Post

an hour ago

New York Post

Intel shares skyrocket following report Trump admin is mulling taking stake in chipmaker

The Trump administration is in talks with Intel to have the US government potentially take a stake in the chipmaker, Bloomberg News reported on Thursday, citing people familiar with the plan. Shares of the company rose nearly 7%. The plan stems from a meeting this week between President Trump and Intel CEO Lip-Bu Tan, the report added. The plan stems from a meeting this week between President Trump and Intel CEO Lip-Bu Tan, the report added. Getty Images This comes after Trump publicly demanded the resignation of Tan over his past investments in Chinese tech companies, some linked to the Chinese military. The White House and Intel did not immediately respond to requests for comment from Reuters.

China Makes Major Social Security Change

Newsweek

4 hours ago

Newsweek

China Makes Major Social Security Change

Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. China's top court is set to ban an informal working arrangement by which employers can skip mandatory social security payments. Why It Matters Officials have pledged to strengthen China's weak social safety net as part of broader efforts to rebuild confidence amid a years-long property-sector crisis, in a nation where an estimated 70 percent of household wealth is tied up in real estate. If widely enforced, the change will rattle China's vast informal economy, and in the short term likely cost many low-income employees work hours or their jobs, and eat into the already thin margins of farmers. Newsweek reached out to the Chinese Foreign Ministry via email for comment. What To Know In an August 1 judicial interpretation, China's Supreme People's Court announced that employment contracts that exclude social-insurance contributions are invalid. The judges said the decision responds to public concern and hailed it as a step to promote stable employment and support high-quality development. "We've found a few companies not contributing to social insurance in order to reduce labor costs, with some workers requesting employers to provide the social insurance contributions directly to them as subsidies in order to receive higher wages," said Zhang Yan, a judge in the court's First Civil Division. She said courts should support employees seeking to terminate informal work contracts or to seek compensation over an employer's failure to make social-security contributions. Wu Jingli, the division's deputy chief judge, stressed the importance of the social safety net. "Paying social insurance fees in the long term can help employees manage income disruptions during risks like old age, illness, work-related injuries, childbirth and unemployment, securing their basic living needs," Wu said. Some netizens on Chinese social media expressed fears they'll be laid off. Others pointed to structural inequalities between urban and rural areas in terms of earning potential and access to quality public services. An elderly woman walks with the aid of a cane, accompanied by another woman in Chongqing, China, on May 26, 2025. An elderly woman walks with the aid of a cane, accompanied by another woman in Chongqing, China, on May 26, People Are Saying One person wrote in a post on the microblogging platform Weibo: "Now, if contributions are cut off, pensions stop. And if the company goes bankrupt and I can't find a job for a one pit after another I'm forced to jump into." Another Weibo user wrote: "In the short term, paying social-insurance contributions does bring pressure and pain to many businesses, but a short pain is better than a long one." Another Weibo user wrote: "Good social services also tend to be concentrated in city center people in cite enjoy these conveniences, they really should help improve the rural social-security system." What Happens Next The ban takes effect September 1.

[PREMIERING 9PM ET] The Movie Beijing Doesn't Want You to See

Epoch Times

4 hours ago

Epoch Times

[PREMIERING 9PM ET] The Movie Beijing Doesn't Want You to See

Canadian-Chinese filmmaker Yan Ma knew from the outset that he was putting himself at risk for making a political thriller about a lab leak in China. 'The Unrestricted War' is a movie that was inspired by the cover-up and outbreak of COVID-19 and spotlights how the Chinese Communist Party coerces its citizens, and even foreigner...