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China replaces top trade negotiating official as talks with Washington stall newsthirst.

Trade tensions between the world’s two largest economies have escalated in the last two weeks. Dilara Irem Sancar | Anadolu | Getty Images China on Wednesday appointed Li Chenggang as vice minister of commerce and a top representative for International trade negotiation, according to an official statement, replacing Wang Shouwen. As part of a wider…

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Stock market plunge not as ‘meaningful’ as business moves newsthirst.

The White House on Monday downplayed the weeks long stock market sell-off, insisting that recent moves by business leaders suggest a brighter outlook for the U.S. economy. “We’re seeing a strong divergence between animal spirits of the stock market and what we’re actually seeing unfold from businesses and business leaders,” a White House official told…

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Elon Musk announces exit from US government role after breaking with Trump on tax bill | Elon Musk newsthirst.

Elon Musk has announced on social media that he is leaving his role in the Trump administration, a departure the White House confirmed was in process on Wednesday evening. “As my scheduled time as a Special Government Employee comes to an end, I would like to thank President @realDonaldTrump for the opportunity to reduce wasteful…

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