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China Tech Giant Tencent Blacklisted by US; Canada PM Trudeau Exit | The Pulse 01/07/2025
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January 7, 2025
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41:25Now PlayingThe US has blacklisted Tencent Holdings and Contemporary Amperex Technology. for alleged links to the Chinese military. CATL, a major supplier to Tesla, joined Tencent on a Federal Register of entities deemed to have ties with the People’s Liberation Army. Both companies protested their inclusion as a mistake, saying they have no ties with the military. Tencent’s stock slid more than 7% in Hong Kong, notching its biggest drop since October. CATL’s shares fell about 3%. The blacklisting threatens to escalate tensions between the world’s two largest economies. In politics, the search is on for Justin Trudeau as the Canadian Prime Minister is resigning after more than nine years in power, bowing to dreadful polls and a rebellion within his governing Liberal party.
Today's guests: Stephen Dainton, Barclays Bank President; Michele Della Vigna, Goldman Sachs
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"The Pulse With Francine Lacqua" is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops.
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