Jun 28, 2018

China tells U.S. it won't give up "any inch of territory"

Mattis and Xi at the Great Hall of the People in Beijing. Photo: Sheng Jiapeng/China News Service/VCG)

Chinese President Xi Jinping told Defense Secretary James Mattis in Beijing that China will not give up "any inch of territory passed down from ancestors," reports Xinhua, China's state-run news agency.

Why it matters: The core issue on the table during Mattis' visit is China's expansion into disputed territory in the South China Sea, where it has accelerated efforts to militarize despite the West's objections. As the trade fight between Washington and Beijing escalates, China's military expansion raises the stakes of conflict with the U.S.

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#MeToo gets Weinstein

A man carries out Weinstein's walker. Photo: Johannes Eisele/AFP/Getty Images

Hollywood titan Harvey Weinstein is now a convicted rapist, two years and four months after accusations against him helped ignite the #MeToo movement.

Why it matters: To date, #MeToo has resulted in hundreds of powerful men losing their jobs. Seven have been criminally convicted, with four others still facing charges.

JPMorgan Chase to pull support for some fossil fuels

Illustration: Sarah Grillo/Axios

JPMorgan Chase said Monday that it won’t directly finance new oil and gas development in the Arctic and will significantly curtail its financing of the extraction and burning of coal.

Why it matters: JPMorgan is the world’s largest funder of fossil-fuel companies, according to a report by the Rainforest Action Network (RAN). The announcement follows similar moves by other big banks and investment firms, including Goldman Sachs and BlackRock.