The us purchased china to shut its consulate in houston over spying issues, ratcheting up tensions amongst the globes two most powerful nations and drawing a danger of reprisals from beijing.

The chinese federal government instantly condemned the move and warned so it would retaliate unless washington rethought your decision. the us had bought the consulate be shut by friday, beijing said.

Video revealed flames coming from the website within the uss fourth-largest town and fire vehicles parked outside, with regional news reporting that consulate staff seemed to be burning papers when you look at the courtyard. the scene is playing completely like a drama through the dark times of the cool war, writes international asia editor james kynge.

At the same time, the leading senator overseeing us international plan is pushing to offer washington brand-new resources to control controversial chinese trade methods, including sanctions for intellectual property violations.

Us stocks staged a late rally on wednesday as people took heart from better than expected domestic business profits, trembling off increasing diplomatic tensions between the united states and asia. (ft)

How you get the delays in covid-19 test results? united states coronavirus correspondent david crow explores the matter.

Previous wirecard ceo rearrested markus braun is accused by munich prosecutors of committing a multiyear fraud and arrested for another time after the summer failure regarding the german repayments team. mr braun features previously denied wrongdoing. (ft)

Us people you will need to purchase tiktok from chinese owner a team of technology investors led because of the venture capital businesses general atlantic and sequoia capital features established a bold plan to buy tiktok from its chinese owner, whilst the well-known brief movie application tries to escape being banned by the white house.(ft)

Flooding displaces hundreds of thousands in south asia practically 10m folks have already been impacted by the flooding across asia, bangladesh and nepal, in line with the overseas federation of red cross and red crescent societies, with more than 500 dead. the crisis risks compounding the runaway coronavirus outbreak in the region. (ft)

Trump to expand anti-crime rise president donald trump and attorney-general william barr are required to announce on wednesday your management will be sending federal agents a number of urban centers including chicago to fight increasing crime, bearing down on trumps law-and-order re-election weep. see where trump and biden remain with your poll tracker. (ap, ft)

Ackman raises $4bn in blank-cheque ipo bill ackman put down his stall as a potential acquirer for the huge personal technology businesses on wednesday, pitching a sale to his new blank-cheque vehicle as an alternative to an initial public providing process he stated was dangerous and difficult. (ft)

Tesla shares increase after 4th quarterly revenue consecutively the jump marked a milestone for the electric vehicle pioneer whose marketplace valuation now far surpasses some other carmaker. the fremont-based organization led by elon musk reported a net revenue of $104m when you look at the one-fourth to june, against a loss in $408m a year ago. (ft)

Slack files eu antitrust issue against microsoft the workplace messaging app slack has actually submitted a formal antitrust issue against microsoft aided by the eu, accusing it of unfairly bundling its rival application groups with its office 365 tools. (ft)

Uk abandons hope of us trade offer by-end of yearhopes for a us-uk trade deal before novembers presidential electionhave been abandoned, with officials blaming the covid-19 pandemic for sluggish progress. speaks recently betweenthe eu and london once regarded as important have failed in order to make development. (ft)

Bank of the united kingdomt on thursday,policy setter jonathan haskel is a result of provide an on-line message regarding the financial results of covid-19. (ft)

Profits round-up store closures and marketing dips are likely to consider onat&twhen it states on thursday, and ad-spending woes are anticipated to take their particular toll ontwitter. intel, meanwhile, is set to benefit from the global shift to homeworking and remote understanding on thursday. (ft)

Ft globetrotter is seeking reader tips on the greatest places for an al fresco beverage come july 1st. reveal your favourite place right here (a selection of the most effective answers will undoubtedly be posted)

Crisis pushes japan inc to bury old rivalriesa little-noticed merger in japans shrinking sugar industry is providing a template forthe creation of nationwide championsin areas because diverse as motorbikes, technology and pharmaceuticals, writes kana inagaki. (ft)

The reason why people hopped for jio west investors have discovered that jio appears to cover all of the basics with regards to indias digital future and its own capacity to tap an enormous potential marketplace, writes chris nuttall in #techft. join the publication here for most recent with this fastest going of areas. (ft)

The misleading radicalism of joe biden the former vice-presidents pragmatic picture would offer democrats with cover for unexpectedly bold guidelines, writes janan ganesh. mr biden is running a way left of their old supervisor, mr obama, or of bill clinton before him.(ft)

The last oil frontieroil exploration is a dangerous, time-consuming and pricey endeavour. as prices mount and environmentalists push organizations to pivot to low-carbon technologies, that which was when themost glamorous facet of the oil businessis today one of its many questionable. (ft)

Queer eye is a class in simple tips to handle prejudice very efficient how to combat bias is through creating a common human bond, writes gillian tett. just what queer eye does is bring seemingly alien countries into close quarters on a joint task. in the commercial world, ben & jerrys made battling injustice central to its goal and clients love it. (ft, bloomberg)

Brexit britain is much more welcoming than feared the united kingdom happens to be so much more pro-immigration in current decades, and since the brexit vote in particular, writes jemima kelly. the good a reaction to assisting hongkongers reveals the immigration debate features moved. (ft)

Venture capitalists should do even more for ebony lives matterventure money structurally discriminates against minorities. investing in black colored creators and involuntary prejudice training can shake up a market thathas did not work, writes richard robinson, leader of robin ai. (ft)

Trumps request of an ambassadorwoody johnson, us ambassador to britain, ended up being informed to not pursue a presidential demand to guide the profitable brit open tennis tournament to thetrump turnberry resort in scotland. he tried anyway and were unsuccessful. (nyt)

Exactly how a michelin celebrity restaurant copes with coronavirus after months in lockdown, restaurants tend to be right back. but theyre appearing out of hibernation into a strange "" new world "" shaped by the coronavirus pandemic. in the 1st in a new group of films, food journalist tim hayward while the ft's daniel garrahan see lyles in eastern london to see how a michelin celebrity restaurant has actually pivoted from good eating to pizza.