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Trump‑Xi Beijing Summit Amid Trade Talks

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The visit, starting Thursday, offers a rare chance for Donald Trump and Xi Jinping to negotiate trade, technology and security issues. Market watchers expect modest concessions, not a breakthrough before summer trade talks, a tariff shift.

Meanwhile, Treasury Secretary Scott Bessent will head to Japan for a three‑day tour, meeting counterpart Satsuki Katayama and PM Sanae Takaichi. Discussions focus on a weak yen and potential U.S. backing for foreign‑exchange intervention, and bolster investor confidence in regional bonds the year.

In the UK, Prime Minister Sir Keir Starmer faces a political reset after a disastrous local election. He plans a Monday speech outlining a pro‑EU vision, while Labour MP Catherine West threatens a leadership challenge. Parliament will unveil a new legislative agenda covering health, water, EU relations, digital ID, and a low‑carbon energy bill today.

Elsewhere, Nissan announced a 10 percent job cut in Europe as it doubles down on electric‑vehicle production, reshaping its global supply chain. London’s fintech Wise will launch in New York while keeping a London listing, and Vodafone’s merger with Three will report full‑year figures next Tuesday. These shifts signal a move toward tech and sustainability.