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...Yet Chinese officials later pushed back at many of Yellen’s main talking points, especially US complaints of Chinese excess capacity and dumping....
...Additional reporting by Christine Murray, Ciara Nugent and Joe Daniels...
...Oil prices have risen about 15 per cent this year, to $85 a barrel, pushing up fuel costs just as US President Joe Biden begins his campaign for re-election....
...President Joe Biden will be in Syracuse, New York, on Thursday to announce the US chip sector’s latest support package, this time focused on the production of leading-edge memory chips, known as Dram....
...To counter these arguments, officials assert that China’s green industries, which have benefited from sweeping subsidies and government protection, are the result of “market forces”....
...Some Chinese officials have also recognised that there is too much productive capacity, leaving factories dormant....
...Chinese officials argue that charges of overcapacity are just another ruse from the US to contain its development....
...Xi intended to play hardball, Chinese officials and analysts said....
...“China is now simply too large for the rest of the world to absorb this enormous capacity,” Yellen said on Monday....
...A political adviser to Netanyahu told the Financial Times the Israeli military had sufficient “operational capacity to achieve its war goals”....
...capacity....
...Biden also delivered the remarks with vigour, easing concerns that his physical and mental capacity to lead the country is waning at age 81....
...The officials said the funds for Intel should start to arrive later this year once the agreement is finalised....
...Ukrainian officials have expressed hope that the country’s armed forces may be able to turn the tide next year....
...But he added that “with so many of their existing factories already running under capacity, to build 200 more is irrational”....
...The US and UK on Thursday unveiled fresh sanctions on Iran, including targeting individuals and companies involved in drone production....
...Five more projects that are already approved and under construction will add another 63mn tonnes of capacity a year....
...“The upgrade reflects carry-over from stronger than expected growth in 2023 and increased government spending on capacity building against natural disasters,” the IMF said in its World Economic Outlook....
...“The market recovery has been slow, mainly affected by multiple factors such as international flight capacity and visas,” he said, adding that the volume of international flights in January 2024 had recovered...
...Joe Biden condemned Iran’s “unprecedented” drone and missile attacks on Israel on Saturday night, as he called for a co-ordinated diplomatic response by the G7 to Tehran’s “brazen” assault....
...But he predicted growing trade frictions as China invested in excess capacity....
...Since January last year, when the terms of the last remaining elected officials expired, there have been no democratically legitimate office-holders left in the country....
...US President Joe Biden said he was hopeful a temporary Gaza ceasefire could begin as soon as next Monday, as American officials pressed hard to revive a stalled diplomatic process....
...“Within an alliance the priorities for individual members may change,” he added....
...Todd said Guyana was “not building any capacity to fight Venezuela” and that the country’s defence strategy continued to be based on co-operation with allies, which include the US and UK....
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