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Showing posts with the label action

US commerce secretary warns China will be 'uninvestable' without action on raids, fines

Commerce Secretary Gina Raimondo says she warned Chinese leaders that U.S. businesses might stop investing in their country without prompt action to address complaints about worsening conditions due to raids on firms, unexplained fines and unpredictabl... SHANGHAI -- Commerce Secretary Gina Raimondo on Wednesday said she warned Chinese leaders that U.S. businesses might stop investing in their country without prompt action to address complaints about worsening conditions due to raids on firms, unexplained fines and unpredictable official behavior. Raimondo’s comments add to pressure on Chinese leader Xi Jinping's government, which is trying to revive investor interest and reverse an economic slump. Business groups say confidence among foreign companies is at an all-time low. Official figures show foreign investment plunged in the latest quarter. Raimondo visited Beijing as part of U.S. efforts to restore relations that plummeted to their lowest level in decades due to disputes abou...

Top Russian military officer put in charge of Ukraine action

Russia’s top military officer has been put in charge of troops fighting in Ukraine on Wednesday MOSCOW -- Russia’s top military officer was put in charge of troops fighting in Ukraine on Wednesday, a move that appears to reflect the Kremlin’s dissatisfaction with the current leadership and flaws in the military's performance. Russia’s Defense Ministry said that Gen. Valery Gerasimov, the chief of the General Staff of the Russian armed forces, was named the new commander of the unified group of forces in Ukraine. The previous commander, Gen. Sergei Surovikin, was demoted to become Gerasimov’s deputy along with two other generals. The reshuffle, which was formally ordered by Defense Minister Sergei Shoigu, clearly came on Russian President Vladimir Putin's approval, signaling that he still has trust in his top military leaders who have faced broad criticism for the troops' performance in the conflict. It also suggests a recognition of flaws in carrying out what Putin called...