U.S. and China diverge on how to avert military clashes

TOKYO — U.S. President Joe Biden and Chinese President Xi Jinping reaffirmed the importance of communication at their summit in San Francisco on Nov. 15. At the talks, the two countries agreed to resume military dialogue and start discussions on climate change and regulation of artificial intelligence. That is good news, but the prospects for […]

Japanese bankers face new challenge: learning how to raise rates

TOKYO — For 15 years, the lending business in Japan has been a simple affair: Just offer borrowers lower and lower interest rates on their loans. Now many bankers in the world’s third-largest economy are having to learn a new skill — asking their customers to pay more for credit. Source link