Daily Briefing: US & China trade envoys meet; HSBC exits US retail banking; Australian state locks down

Commerce envoys from the US and China speak on the cellphone for the primary time since US President Joe Biden took workplace.

From AP

Commerce envoys from the US and China talked by the cellphone for the primary time since US President Joe Biden took workplace.

Biden has but to announce his method on the US-China commerce conflict launched by former US President Donald Trump.

US envoy Katherine Tai mentioned the commerce relationship was "ongoing review", while the Chinese language Commerce Ministry mentioned "issues of common concern" had been raised.

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From CNA:

HSBC is ready to exit from the US mass market retail banking enterprise, because it struggles towards competitors from bigger home gamers.

"We lacked the scale to compete," Noel Quinn, HSBC group CEO, mentioned in a press release.

HSBC will nonetheless retain a small bodily presence within the US to serve its worldwide prosperous and really rich shoppers.

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From Forbes:

The Australian state of Victoria will go on a seven-day lockdown to forestall the unfold of COVID-19 in its capital of Melbourne.

Because the starting of the week, 26 new instances had been reported, with 12 detected in a single day.

Victoria has recorded a complete of  20,563 coronavirus instances, making up greater than two-thirds of the overall instances in all of Australia.

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