business news

China clears backlog of Australian coal, but Beijing may not buy soon

China clears backlog of Australian coal, but Beijing may not buy soon

A bulldozer pushes coal onto a conveyor belt at the Jiangyou Power Station on January 28, 2022 in Jiangyou, Mianyang City, Sichuan Province of China. Liu Zhongjun | China News Service | Getty Images China has finished clearing a backlog of stranded Australian coal amounting to over $1 billion, China customs data shows. But analysts …

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China's Xi says Hong Kong is moving 'from chaos to governance'

China’s Xi says Hong Kong is moving ‘from chaos to governance’

BEIJING — Chinese President Xi Jinping on Friday laid out a future for Hong Kong, embedded firmly within the goals of the central government on the mainland. “Now Hong Kong is at a new stage of moving from chaos to governance, and then from governance to greater prosperity,” Xi said at the wearing-in ceremony of …

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GOP megadonors turn on Trump, seek other options after Jan.  6 hearings

GOP megadonors turn on Trump, seek other options after Jan. 6 hearings

A video of former US President Donald Trump from his January 6th Rose Garden statement is played as Cassidy Hutchinson, who was an aide to former White House Chief of Staff Mark Meadows during the Trump administration, testifies during House Select Committee a public hearing to investigate the January 6 Attack on the US Capitol, …

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Palantir CEO Alex Karp on fighting with Peter Thiel and progressives

Palantir CEO Alex Karp on fighting with Peter Thiel and progressives

As US companies and executives balance publicly addressing hot-button political topics, Palantir CEO Alex Karp said many still struggle with figuring out when they must speak out and when they shouldn’t. “Companies have a problem that it’s very hard for them to tether what they’re producing to a higher mission, and therefore they cannot exactly …

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