10 things you need to know today: June 2, 2013

The U.S. and China announce regular talks on cybersecurity, the Philippines and Taiwan are rattled by earthquakes, and more

President Barack Obama and Chinese President Xi Jinping pose for photographs before meeting in the Oval Office at the White House February 14, 2012 in Washington, DC.
(Image credit: Getty Images)

1. U.S. AND CHINA TO HOLD TALKS ON HACKING

The U.S. and China have agreed to hold regular, high-level talks on how to set standards of behavior for cybersecurity and commercial espionage, the first diplomatic effort to defuse the tensions over what the U.S. says is a daily barrage of computer break-ins and theft of corporate and government secrets. The talks will begin in July. American officials say they do not expect the process to immediately yield a significant reduction in the daily intrusions from China. [New York Times]

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Terri is a freelance writer at TheWeek.com. She's a graduate of Northwestern's Medill School of Journalism and has worked at TIME and Brides. You can follow her on Twitter.