Asian markets sank Wednesday on worries that hardline Republicans could vote down a crucial bill to hike the US borrowing limit and risk a catastrophic default that could...

A private jet used by Elon Musk arrived in Beijing on Tuesday afternoon, shortly after it was confirmed that the Tesla boss would be visiting China this week for the first time in three years. In response to reports of Mr Musk’s visit, China’s foreign ministry said that the country has always welcomed business people from other parts of the world, including Mr Musk, “to visit and promote mutually beneficial cooperation”. China’s foreign minister Qin Gang said during a meeting with Mr Musk on Tuesday that the country would create a better market-oriented business environment for enterprises from all countries, including Tesla. Mr Qin told the Tesla chief that China would continue to promote high-level opening-up and strive to create a better business environment, according to a statement from the Chinese foreign ministry. The statement noted that Tesla opposed “decoupling” and was willing to continue to expand its business in China. Following Mr Musk’s meet with the Chinese foreign minister, shares of the EV company rose on Tuesday. Tesla’s Shanghai plant accounted for over half of the company’s global production in 2022. Commenting on his China visit, some Twitter users wondered if the self-proclaimed “free speech absolutist” would face questions during his visit about the communist country’s harsh rules around censorship. Mr Musk’s visit also comes when Tesla is dealing with growing competition from Chinese car makers, including the country’s electric vehicle exports. Earlier this month, Bloomberg reported that Tesla is closing in on a trial production of its revamped Model 3 sedan in Shanghai, which the carmaker hopes to compete more closely with rivals in the Chinese market. Ahead of his trip, the SpaceX boss also complimented China’s space programme, calling it “more advanced than most people realise”. Read More Trust and ethics considerations ‘have come too late’ on AI technology Elon Musk tweets quote by neo-Nazi wrongly attributed to Voltaire Elon Musk fires back at Twitter censorship critic: ‘You’re such a numbskull’ Elon Musk’s Neuralink brain chip company gets FDA approval for human testing AOC jokes more people watched her gaming online than listened to DeSantis launch What is Twitter Spaces and why did it go so wrong during DeSantis’s 2024 launch?

The smell of ageing whisky, known as the angel's share, wafts across from 9,000 oak barrels stored from floor to ceiling in two vast...

House Speaker Kevin McCarthy helped secure a debt limit deal -- now he has to secure its passage in the House, with little room for error and a looming threat to his speakership.

Major League Baseball will take over broadcasts of San Diego Padres games beginning Wednesday after Diamond Sports missed a rights fees payment and let the grace period expire

Fans questioned 'Selling Sunset' star Heather Rae El Moussa's credentials after she launched a new company called HEM Capital and invited fans to invest in it

As Elizabeth Holmes reported to prison on Tuesday, Amanda Seyfried shared her thoughts on the disgraced Theranos founder's sentence.

WASHINGTON A bill to suspend the $31.4 trillion U.S. debt ceiling and avert a disastrous default advanced on

Diamond Sports Group missed its rights payment to the Padres and lost its broadcast rights fees.

By David Kirton SHENZHEN, China For the ambitious Chinese tech entrepreneur, expanding into the U.S. just keeps getting

A consortium that includes Leeds chairman Andrea Radrizzani has completed its takeover of Italian club Sampdoria. Leeds’ majority shareholder Radrizzani’s company Aser Group and finance company Gestio Capital announced they had concluded a deal to save financially-stricken Sampdoria late on Tuesday night. In a statement released on Sky Sports Italian reporter Gianluca Di Marzio’s social media sites, Radrizzani said: “We are nothing short of thrilled to be able to announce that we have completed the acquisition of this extraordinary club. “The history and coat of arms of Sampdoria are safe and I think my happiness is (for) of all the people who were suffering for these colours. “My thanks at this time go above all to all those people who worked relentlessly to ensure that this agreement found a just conclusion. “And in particular I have to extend a huge thank you to Matteo (Manfredi, Gestio Capital principal) and to the lawyer De Gennaro. “Without them none of this would have been possible. From today we move on…. and I personally can’t wait to get to work.” Radrizzani, who bought Leeds for £45million in 2017, is expected to sell his 56 per cent stake in the Premier League club to American co-owners 49ers Enterprises. The financial arm of NFL franchise the San Francisco 49ers increased its stake in Leeds to 44 per cent at the end of 2021 with a deal in place to buy Radrizzani’s stake and take full control before January 2024. 49ers Enterprises has been reported to be keen to complete a takeover this summer, but the deal was contingent on Leeds remaining in the Premier League and it remains to be seen how relegation will affect a possible change of ownership at Elland Road. Leeds’ three-year stay in the top flight was ended on Sunday when they lost 4-1 to Tottenham at Elland Road in their last game of the season. Read More Charity boss speaks out over ‘traumatic’ encounter with royal aide Ukraine war’s heaviest fight rages in east - follow live

Stock markets were mixed on Tuesday, with heavy falls in Europe and muted trading in New York following an agreement to suspend the US debt...