News Snapshot:
Apple chief executive Tim Cook and financier Ray Dalio should register as foreign agents because of their operations in China, a US advisory body was told on Thursday, along with other drastic recommendations for trade and investment restrictions. Speaking before the US-China Economic and Security Review Commission, witnesses also pushed for an “Economic Nato”, or ENato – a trading bloc that would be made up of democratic countries with free-market systems – and a crackdown on US investment in China. Clyde Prestowitz, founder of the Economic Strategy Institute, a Washington-based think tank, accused Cook and Dalio of “kowtowing” to Beijing,...
