already said that any kind of relations with taiwan must end. but this is very much not only about the economics, but it also has to do with the geopolitics. a sign that the us is taking the threat of a potential. potentially china coming into taiwan, as a real threat. and so a lot of people are taking lessons from what they are seen happening in ukraine and starting to make some strengthening within their own borders. absolutely. and while you are with us, let s talk about that the debt ceiling deal. passing a very big hurdle last night, but still a lot of work to do if they are to meet that deadline injune the 6th? absolutely. they re going to have. now that it s passed one chamber of congress, it now has to pass the senate. andy thinking has been that they would be able to get it into they would be able to get it into the senate, but now we re hearing from a lot of senators are saying they are going to try. it s not going to be an easy ride, it s going to be a lot of pushb
semiconductors and it falls to us companies. it is important for the us to get to trade with taiwan so nvidia which is at the forefront of this frenzy, basically 40% of this is produced so. we this frenzy, basically 4096 of this is produced so. . . this frenzy, basically 4096 of this is produced so. we also know that the us is trying is produced so. we also know that the us is trying to is produced so. we also know that the us is trying to reduce is produced so. we also know that the us is trying to reduce its - the us is trying to reduce its dependence on china and so taiwan a worthy alternative. although, not able to pick up some of the slack because china is, of course, the powerhouse economy. the workshop of the world. ~ ,,., , powerhouse economy. the workshop of the world. ~ , ,., , . powerhouse economy. the workshop of the world. ~ ,,., , ., , powerhouse economy. the workshop of the world. ~ , ., , ., the world. absolutely. china is an extremely important the w
President xi told Secretary Blinken that china and the us should be partners rather than rivals. Mr blinken for his part raised concerns over chinas support for russia in its invasion of ukraine. He also raised what he described as chinas unfair Trade Practices in a number of Key Industries that will drive the 21st century economy. Solar panels, Electric Vehicles and the batteries that power them. China alone is producing more than 100 of Global Demand for these products, flooding markets, undermining competition, putting at Risk Livelihoods and businesses around the world. Now, this is a movie that weve seen before, and we know how it ends, with american businesses shuttered and american jobs lost. President biden will not let this happen on his watch. Lets speak now to our north America Business correspondent, erin delmore. In the background to this meeting was a warning we heard from President Biden recently that more tariffs on chinese imports could be on the way. What does this me
in a statement, bhp ceo mike henry said their proposal was the most effective structure to deliver value for anglo american shareholders. anglo had rejected bhp s previous offers, saying they undervalued the company and its prospects. speaking of deals, it s been a big week for consolidation in the energy sector. the latest development? conocophillips s acquisition of marathon 0il in a $22.5 billion deal. erin delmore has all the details and more on this rising trend. think about the early days of the pandemic. think about the early days of the pandemic people were stuck at home, not going out and not driving their cars. oil prices crashed, but since then, prices have come back up. take conocophillips. the share price has nearly tripled and now it s acquiring marathon 0il worth $25 billion, including debt. that ll help conoco expand its drilling operations in mexico, north dakota and texas and offshore of equatorial guinea. large and midsize oil companies have been competin
was the most effective structure to deliver value for anglo american shareholders. anglo had rejected bhp s previous offers, saying they undervalued the company and its prospects. speaking of deals, it s been a big week for consolidation in the energy sector. the latest development? conocophillips s acquisition of marathon 0il in a $22.5 billion deal. erin delmore has all the details and more on this rising trend. speaking of deals, it s been a big week for consolidation in the energy sector. the latest development? conocophillips s acquisition of marathon 0il in a $22.5 billion deal. erin delmore has all the details and more on this rising trend. think about the early days of the pandemic people were stuck at home, not going out and not driving their cars. oil prices crashed, but since then, oil prices have come back up. 0il oil producers are back to making bank and using cash on hand to strike some deals. take conocophillips. its share price has nearly tripled and now it