The London-listed Schroders is set for a £10bn acquisition by US-headquartered Nuveen, in what could be the largest fund management deal of 2026.
Details from multiple sources indicate that during his two-day state visit to Beijing, President Donald Trump met with Chinese counterpart Xi Jinping at Zhongnanhai. The heavily guarded compound served as a backdrop for diplomatic discussions and photo opportunities between the leaders on Friday. While both sides appeared cordial in public exchanges, behind closed doors Xi warned of "clashes and even conflicts" over Taiwan, highlighting ongoing tensions despite efforts to maintain calm.
Trump stated: “There's only one person that knows and it’s me,” when asked directly by a reporter about US military commitments to the island. His refusal to provide an explicit answer underscored the sensitive nature of this issue for both leaders during their talks on Friday evening at a lavish state banquet in Beijing, where Xi described Sino-US relations as "the most important" bilateral relationship globally.
The visit also saw Boeing secure a deal with China for 200 commercial jets. However, reports suggest that markets had anticipated much higher numbers, potentially around or even above 500 aircraft. This discrepancy led to a significant drop in Boeing’s stock price following Trump's announcement during the trip.
At another venue, MAD architecture studio unveiled its latest project: the Hainan Science Museum in Haikou, China. The museum features an innovative design with shiny polymer panels enveloping a spiralling structure that houses 46,528 square meters of public space spread across four exhibition floors connected by single walkways.
Meanwhile, Secretary of State Marco Rubio discussed the Taiwan issue during his tour to Beijing alongside Trump. He emphasized America's clear stance on the matter while noting that China always raises it as a topic in such high-level meetings before moving onto other issues.
For now, both leaders appear committed to maintaining their dialogue and cooperation despite these underlying tensions. However, observers expect closer scrutiny of US policies towards Taiwan following Xi’s warnings about potential dangers if mishandled by future administrations or policymakers.
This article was produced by AVALW News on Friday, May 15, 2026 based on reporting from 6 verified news sources. Our editorial process cross-references facts from multiple independent outlets to deliver accurate, comprehensive coverage. All original sources are linked below.