Joe Biden and Xi Jinping have agreed to hold talks Designed to ease tensions, As the United States has become increasingly anxious about China’s expanding nuclear arsenal and recent tests of hypersonic weapons.

US National Security Adviser Jack Sullivan said that the presidents of the United States and China discussed the need for nuclear “strategic stability” talks at a virtual meeting on Monday. China has previously refused to hold nuclear negotiations, partly because the United States has a larger arsenal.

Sullivan told the audience at the Brookings Institution in Washington, “The two leaders agreed that we will proceed with discussions on strategic stability.”

The two sides have not decided on the format of the talks. The United States wants to see whether China will honor Xi Jinping’s promise. The Chinese Embassy did not immediately respond to a request for comment.

In yesterday’s meeting, Biden and Xi Jinping also held Extensive discussion about Taiwan, But failed to build any “guard fence” to ensure that the tension on the island does not escalate into a dangerous conflict.

How do you think the United States and China can best improve their relationship?Tell me what you think [email protected]. Thank you for reading FirstFT Asia.This is the rest of the news today-Emily

There are five more stories in the news

1. Bill Gross says investors live in “dream land” Investors are Living in “Dreamland” The founder of bond investment group Pimco said in an interview with the Financial Times that although the global economy has rebounded sharply from the pandemic, the global central bank has decided to continue to boost the world economy.

2. Start-up electric car manufacturers surpass incumbents Electric car company Rivian Overtake the masses In terms of today’s market value, the competitor’s startup Lucid surpassed Ford because the share price of most of its unproven businesses continued to soar after the recent stock market listing.

3. JPMorgan Chase sues Tesla for Musk’s “fund safety” tweets Bank of America has Sued Tesla for $162 million, Claiming that the automaker failed to pay the necessary payments, which was triggered after CEO Elon Musk announced in 2018 that he was considering privatizing the company.

4. The United Kingdom initiates a national security investigation into the Nvidia Arm transaction The British government launched a look deep into The acquisition of British technology company Arm by the American chip manufacturer NVIDIA on national security grounds has set another obstacle for this $54 billion transaction.

5. Germany suspends certification of Beixi No. 2 pipeline German regulator said “Temporarily suspended” The certification of the Nord Stream 2 pipeline frustrated natural gas projects supported by the Kremlin and triggered increases in natural gas prices in the UK and continental Europe.

Coronavirus Digest

• Cathay Pacific Is considering requesting pilots Live outside Hong Kong Due to the city’s strict Covid-19 quarantine policy, several months.

• Australia Central bank governor Philip Lowe stated that national price pressures are lower than in the US and the UK-which suggests that prices in some economies are rising Because of Covid-19, Rather than the global shift to high inflation.

• Pfizer Following its competitor Merck (Merck), Agree to the license agreement Expand its low-cost access to Covid-19 antiviral pills throughout developing countries.Too Seek U.S. authorization For pills.

• Mottled Return scheduled flight Number of records being transferred Wealthy traveler To the private jet.

sign up Road to Recovery Newsletter, As an important guide for business and economy in a world changed by the pandemic.

the day before

Australia Transaction update Commonwealth Bank of Australia reports its first quarter transaction update Nowadays.

Anniversary of the Velvet Revolution The Czech Republic and Slovakia will celebrate the 32nd anniversary of what is widely regarded as a turning point that led to the collapse of communist regimes in Eastern Europe.

Vatican Corruption Trial The landmark Vatican trial for alleged corruption resumed today. The case revolved around the purchase of a commercial and residential building in South Kensington, London by the Secretariat of the Holy See.watch This video Boost.

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Don’t believe the narrative of deglobalization When Covid-19 hit, many people wrote obituaries for China-centric globalization. But there is little evidence that the pandemic has caused companies to abandon the country collectively. Why did the de-globalization fail to gain a firm foothold, Ask Megan Green, a senior fellow at Harvard Kennedy School.

Cryptocurrency: how regulators lose control How did regulators lose control of the $2 trillion crypto market, and can they control it now?Industry voices including Binance CEO “CZ” and FTX’s Sam Bankman-Fried addressed this issue in this article FT film.

books

Jair Bolsonaro’s guide to Brazil, Beijing’s pursuit of international dominance, and the extraordinary courage of Alexei Navalny are all Gideon Rahman (Gideon Rachman) Some topics covered in the annual list The best political books. And don’t forget that you can recommend your favorite annual reading at the bottom this story.