Xi Jinping speaking after the Belt and Road forum on April 27, 2019. Photo: Wang Zhao - Pool/Getty Images

Chinese President Xi Jinping said Saturday that the country's second Belt and Road forum resulted in $64 billion worth of deals among business leaders, the AFP reports.

What's new: Italy, Yemen, Equatorial Guinea, Liberia, Luxembourg, Jamaica, Peru, Barbados and Cyprus are the latest countries to join China's sprawling infrastructure initiative, which, critics say, benefits China at the expense of its partners and leads to unsustainable debt. Xi reportedly did not disclose more details about his claims of creating $64 billion in deals at the forum.

Buzz: Xi issued a joint press release at the forum's close with Italian Prime Minister Giuseppe Conte, Pakistan Prime Minister Imran Khan, and Russia's Vladimir Putin, who took the opportunity to criticize President Trump's ongoing trade war with China. Russia has benefitted the most in the aftermath of these tariffs, along with Brazil, as China turns to other countries for imports of "animal, vegetable, paper, and mineral products" it used to get from the U.S.

What we're watching: Xi and other world leaders pledged to keep the Belt and Road initiative green amid concerns of negative environmental impact, largely due to the plan's focus on coal-fired power plants.

Go deeper: World leaders gather in Beijing for second Belt and Road forum

Go deeper

Virginia Gov. Ralph Northam tests positive for coronavirus

Photo: Zach Gibson/Getty Images

Virginia Gov. Ralph Northam (D) and his wife, Pamela, both tested positive for coronavirus, his office announced on Friday.

The state of play: The Northams were tested after one of their staff "who works closely within the couple's living quarters" tested positive. The governor is asymptomatic, while his wife is "experiencing mild symptoms." They plan to isolate at home for 10 days.

Ina Fried, author of Login
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Amazon wants to flood America with Alexa cameras and microphones

Photo: Amazon

In a Thursday event unveiling a slew of new home devices ahead of the holidays, Amazon made clearer than ever its determination to flood America with cameras, microphones and the voice of Alexa, its AI assistant.

The big picture: Updating popular products and expanding its range to car alarms and in-home drones, Amazon extended its lead in smart home devices and moved into new areas including cloud gaming and car security. The new offerings will also fuel criticism that the tech giant is helping equip a society built around surveillance.

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Oil's turbulent long-term future

Illustration: Aïda Amer/Axios

The oil sector is facing risks from all sides.

Why it matters: Risk in the industry is nothing new. But these are especially turbulent and uncertain times. The industry's market clout has waned, the future of demand is kind of a mystery, and future U.S. policy is too, just to name three.

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