Business

BEIJING, June 3 (Xinhua) -- China's Ministry of Education on Monday warned students and scholars of the risks of going to study in the United States citing U.S. visa restrictions, urging them to step up risk assessment and make corresponding preparations.

The alert states that the visa applications of some Chinese hoping to study in the United States have recently been restricted, with an extended review process, shortened validity period, and an increased rejection rate, which have affected their plans to study in the United States or the completion of their studies there.

Washington, June 3; GANASHAKTI: America's business leaders are growing more worried that the US will enter a recession by the end of 2020, mainly due to an increasingly protectionist trade policy, a report revealed on Monday.

The report by the National Association for Business Economics is based on responses by 53 economists, CNN reported. It comes as the US ratchets up its trade war with China and has gone after other major trading partners, including India and Mexico.

The report found what it called a "surge" in recession fears among the economists.

BEIJING, June 3 (APP): Taking note of the latest statements on the dialogue between the United States and Iran, a Chinese foreign ministry’s spokesperson Monday stressed that the confrontation was not the way out and dialogue and consultation was the only the correct way to resolve the Iranian nuclear issue.

WASHINGTON (AP) — Mexico launched a counteroffensive Monday against the threat of U.S. tariffs, warning not only that it would hurt the economies of both countries but also could cause a quarter-million more Central Americans to migrate north.

A high-level delegation from the Mexican government held a news conference at the embassy in Washington, making the case against President Donald Trump’s threat of imposing a 5% tariff on Mexican imports by June 10.

It is unclear what more Mexico can do — and what will be enough — to satisfy the president.

ABOARD THE USS ABRAHAM LINCOLN (AP) — A U.S. aircraft carrier ordered by the White House to rapidly deploy to the Mideast over a perceived threat from Iran remains outside of the Persian Gulf, so far avoiding any confrontation with Iranian Revolutionary Guard forces amid efforts to deescalate tensions between Tehran and Washington.

Officers aboard the USS Abraham Lincoln repeatedly told The Associated Press on Monday they could respond rapidly to any regional threat from their position, at the time some 320 kilometers (200 miles) off the eastern coast of Oman in the Arabian Sea.

LONDON (AP) — The Latest on President Donald Trump’s visit to Europe (all times local):

10:30 p.m.

British Prime Minister Theresa May is giving President Donald Trump a gift that underscores the trans-Atlantic special relationship — and the international order the president often derides.

BANGKOK (AP) — Shares were mostly lower in Asia on Tuesday after a tumultuous session for tech shares on Wall Street.

Japan’s Nikkei 225 index shed 0.1% to 20,384.43, while Hong Kong’s Hang Seng dropped 0.3% to 26,804.81. The Shanghai Composite index slipped 0.8% to 2,865.87 and the Kospi in South Korea declined 0.1% to 2,066.20.

Australia’s S&P ASX 200 was flat as the central bank announced it was cutting its benchmark interest rate to a record low 1.25% from 1.5%. It was the first rate cut in nearly three years.

BEIJING (AP) — The U.S. Trade Representative and Treasury Department have issued a statement defending Washington’s strategy in its trade dispute with Beijing.

The statement seen on the USTR’s website Tuesday said the U.S. was “disappointed” by a report China issued over the weekend that accused the American side of backtracking in negotiations.

The two sides are in a stalemate after 11 rounds of talks over trade and technology issues that have led to both sides raising tariffs, among other retaliatory measures.

NEW YORK (AP) — The majority owner of a former Trump-branded hotel in Panama alleged in a court filing on Monday that the U.S. president’s company misrepresented finances of the building to evade taxes in the country.

SAN FRANCISCO (AP) — The federal government may be warming up its antitrust enforcement machine and pointing it at Big Tech.

On Monday, the House Judiciary Committee announced a sweeping antitrust probe of unspecified technology companies. In a statement, it promised “a top-to-bottom review of the market power held by giant tech platforms,” which would be the first such Congress has ever undertaken.