China Calls for More Engagement With US, Warns Against Confrontation

China's foreign minister, Wang Yi, has called for more engagement with the US and warned against confrontations between the two global powers.

He made the comments during a meeting in Beijing with a delegation of US businesses that included executives from Goldman Sachs, Boeing, and Apple. At their summer economic planning meeting, the powerful Politburo of the ruling Communist Party pledged to stabilise foreign trade and investment.

"We must assist foreign trade enterprises that have been severely impacted, strengthen financing support, and promote the integrated development of domestic and foreign trade," the official Xinhua News Agency said in reporting the closed-door meeting.

The inconclusive outcome of two days of trade talks in Stockholm, Sweden, leaves open the question of higher tariffs on Chinese exports to the United States.

Reference Sources

1. washingtontimes - Flurry of huge trade deals bury Trump tariff doubters
2. bussinesstimes - US, China agree to continue talks on tariff truce extension - The Business Times
3. usnews - France's Macron Criticises EU-US Trade Deal, Sees It as First Step, Sources Say
4. usnews - China Calls for More Engagement With US, Warns Against Confrontation
5. washingtontimes - China promises to help companies slammed by tariffs, as talks with the U.S. left in limbo

Mark Zuckerberg announces plans for 'personal superintelligence'

(Source: UPI)

Meta CEO Mark Zuckerberg has shared his vision for "Personal Superintelligence" in an AI memo ahead of the company's second-quarter earnings report.

The idea is that people should be able to use ai to achieve their personal goals. Smuggled into the letter is a signal that Meta is shifting how it plans to release AI models as it pursues "Superintelligence."

Meta has spent billions hiring top AI researchers and engineers to take on this goal.

While the outline for Superintelligence wasn't specific, he said he views it as a tool for "personal empowerment" over automation.

Meta's goal has been to create open AI models that are as good as or better than those closed models.

Reference Sources

1. techcrunch - Zuckerberg signals Meta won’t open source all of its ‘superintelligence’ AI models
2. cnnen - Meta has been on an AI spending spree. Earnings show its paying off
3. upi - Mark Zuckerberg announces plans for 'personal superintelligence'
4. cnbc - Meta slated to reported second-quarter earnings after the bell
5. theguardian - Zuckerberg claims superintelligence is now in sight as Meta lavishes billions on AI

London's Heathrow plans to expand capacity by 2031

(Source: DPA)

Heathrow Airport in England has submitted a £10Bn investment plan to expand capacity, aiming to handle an extra 10 million passengers per year by 2031.

The plan forms the core of the airport’s 2027-2031 business proposal, which was submitted to the Civil Aviation Authority recently.

It would require passenger charges to be set at an average of £33.26 during the period, Heathrow said. That is compared with an average of £28.46 (Rm162) between 2022 and 2026.

Heathrow said the plan would create new space within existing terminals equivalent to 10 football pitches, enabling new lounges, restaurants, and shops to be built.

It would also result in faster security.

Reference Sources

1. standard - Hotel tycoon unveils rival Heathrow expansion plan with shorter third runway
2. telegraph - Heathrow can become the world’s best airport – here’s how
3. standard - Union bosses urge "no further delays" to Heathrow third runway plans
4. express - The incredible £10bn airport that's Europe's busiest and getting even bigger
5. thestarmy - London's Heathrow plans to expand capacity by 2031

The CommonWealth English daily news digest is a service curated by CommonWealth English team with the help of AI tools.  

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Uploaded by Ian Huang