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☆ New Orleans Likes to Drink. They Spotted a Huge Recycling Opportunity
▼ + stars: | 2024-04-27 | by ( Cara Buckley | Annie Flanagan | ) www.nytimes.com time to read: +1 min

In early 2020, Franziska Trautmann and Max Steitz, then seniors at Tulane University, were spitballing ways to keep their glass out of the trash. For all of its imbibing, New Orleans didn’t offer curbside glass recycling. For Ms. Trautmann and Mr. Steitz, this wasn’t just galling, but a missed opportunity. “We underestimated how much demand there was,” Mr. Steitz, 27, said. Now, four years later, their company, Glass Half Full, is the only glass recycling facility in New Orleans.

Persons: Franziska Trautmann, Max Steitz, Trautmann, Steitz, ” Mr, ’ Organizations: Tulane University, Zeta Psi Locations: New Orleans, Crescent

☆ A San Francisco neighborhood threw a mini-festival to celebrate a public toilet that cost $200,000 instead of $1.7 million
▼ + stars: | 2024-04-23 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

San Francisco celebrated a new public loo with a mini-carnival complete with games, lemonade, and a live band. The public toilet initially cost $1.7 million with a multi-year deadline but had its price slashed to $200,000. AdvertisementThe scandal over a public toilet in San Francisco that cost $1.7 million has ended in celebration after the new loo opened on Monday with a much-discounted price tag of $200,000. That's according to The New York Times, CBS News, and The San Francisco Chronicle, who sent reporters down to the toilet's launch in the Noe Valley Town Square. AdvertisementCity officials said they were weighed down by high construction costs in San Francisco, as well as the need for environmental reviews and checks from multiple commissions.

Persons: —, Mario, Luigi, Leslie Crawford, Gavin Newsom, Chad Kaufman, Vaughn Buckley, Buckley, San Francisco Mayor London Breed Organizations: Service, The New York Times, CBS News, San Francisco Chronicle, Residents, People, NYT, CBS, SF Chronicle, San, Chronicle, California Gov, Company, San Francisco Mayor London Locations: Francisco, San Francisco, Noe, California, Nevada, Pennsylvania, Kaufman

☆ Their partially sighted cat went missing on a flight. Weeks later they still don’t know what happened to it
▼ + stars: | 2024-04-17 | by ( Julia Buckley | ) edition.cnn.com time to read: +11 min

That’s what happened to Alyssa Kopp and her mother Mary Gomes Kopp when their cat Rodri went missing on a flight in Europe on March 8. ‘She was so grateful’Alyssa Kopp and her mother Mary Gomes Kopp rescue stray animals on Crete. Gomes Kopp and her husband, Alyssa’s stepfather, are German but have a home on the Greek island of Crete. They had been adopted by a German family, and Gomes Kopp had offered to bring them over. Gomes Kopp was allowed into an aircraft loading area one time, but has not been allowed back since.

Persons: CNN —, they’ve, Alyssa Kopp, Mary Gomes Kopp, Rodri, Gomes Kopp, Alyssa’s, ”, Kopp, “, it’d, ” Rodri, Alyssa, Alyssa Kopp Rodri, we’d, ” Kopp, –, ‘, Nicolas Economou, Goldair, ‘ Rodri, ’ Gomes Kopp, “ It’s Organizations: CNN, Aegean Airlines, Rodri, Airlines, Staff, Athens International, Iberia, Naia, Tenerife Locations: Europe, Aegean, Crete, It’s, Germany, Munich, Chania, Athens, –, “, Greece, Iberia, Spain, Madrid

☆ Mussolini’s Rome bunker opens to the public
▼ + stars: | 2024-04-16 | by ( Julia Buckley | ) edition.cnn.com time to read: +3 min

The first, in 1940, was an adaptation of an old wine cellar in the grounds of Villa Torlonia. A multimedia exhibition in the air raid shelter focuses on the effects of bombing raids on civilians. Sovrintendenza Capitolina ai Beni CulturaliAfter its last closure in 2021, it has now reopened for guided tours of the air raid shelter and the bunker. Guided, 50-minute tours take visitors underground and through the exhibition, before they experience a recreated air raid in Mussolini’s unfinished bunker. Tours last 50 minutes and go through the air raid shelter and the bunker.

Persons: we’ll, Stanley Tucci, Benito Mussolini, Villa Torlonia, Mussolini, Villa, Culturali, Sovrintendenza, Beni Organizations: CNN, intel, Casino, Nobile, Villa Torlonia, San Locations: Italy, Rome, Villa Torlonia, Casino Nobile, San Lorenzo

In the shadow of the Rocky Mountains, with an elevation one mile closer to space than sea level, lies an area that's home to a burgeoning cluster of aerospace businesses. Voyager Space CEO Dylan Taylor traveled to space on a Blue Origin flight in 2021. For Voyager, that's been true. For Taylor, who has been to space himself after a trip on Blue Origin's New Shepard, the Denver-Boulder space story extends beyond Voyager too. Denver area startup Orbit Fab is building refueling ports for satellites that will allow them to fuel up in space.

Persons: Dylan Taylor, CNBC's Morgan Brennan, Lockheed Martin, Northrop Grumman, RTX, Jeff Bezos, Morgan Brennan, Sen, John Hickenlooper, Hickenlooper, that's, Taylor, Shepard, He's, Northrop, Daniel Faber, Orbit, Faber Organizations: Buckley Space Force, CNBC, Aerospace, Colorado Space Coalition, Voyager, Denver . Voyager, AFP, Getty, Lockheed, Boeing, Northrop, Launch Alliance, BAE Systems, Space, Space Station, Airbus, Mitsubishi, Northrop Grumman, AAA Locations: Colorado, CNBC's, Rocky, Denver, Boulder, California, Silicon Valley

☆ Why Xi Jinping Is Meeting With Taiwan’s Ex-President
▼ + stars: | 2024-04-10 | by ( Chris Buckley | ) www.nytimes.com time to read: +1 min

But on Wednesday, as the two men met again in Beijing, the prospects for an amicable settlement over Taiwan’s future seemed more distant than ever. Mr. Ma, who pursued closer engagement with China during his eight years in office, is no longer president of Taiwan. Fewer and fewer Taiwanese people now share his belief that Taiwan must see its future as a part of a greater China. Since Mr. Ma left office in 2016, Mr. Xi has frozen high-level contacts with Taiwan, sought to isolate it on the global stage and tried to intimidate it with a tightening military presence around the island. Mr. Xi is profoundly suspicious of Taiwan’s current leadership, which has sought to assert the sovereignty of the island democracy.

Persons: Xi Jinping, Ma Ying, —, Ma, Xi Organizations: Mr Locations: Taiwan, Singapore, Beijing, China

When the largest earthquake in Taiwan in half a century struck off its east coast, the buildings in the closest city, Hualien, swayed and rocked. As more than 300 aftershocks rocked the island over the next 24 hours to Thursday morning, the buildings shook again and again. One of them, the rounded, red brick Uranus Building, which leaned precariously after its first floors collapsed, was mostly drawing curious onlookers. The building is a reminder of how much Taiwan has prepared for disasters like the magnitude-7.4 earthquake that jolted the island on Wednesday. Of Taiwan, he added: “And most of these deaths, it seems, have come from rock slides and boulders, rather than building collapses.”

Persons: ”, Daniel Aldrich Organizations: Global Resilience, Northeastern University Locations: Taiwan, Hualien

The 2024 Sohn Investment Conference took place in New York took place Wednesday, with a slew of hedge fund managers highlighting their top ideas. Here are some of the top picks mentioned: Vijay Shilpiekandula, Dilation Capital Investment Idea: ASML Vijay Shilpiekandula of Dilation Capital, who was named the Sohn Idea Contest Winner, presented ASML as his best stock idea. Jesse Cohn, Elliott Investment Management Investment Idea: Etsy E-commerce platform Etsy is an undervalued company, according to Elliott Investment Management managing partner Jesse Cohn. Seth Fischer, Oasis Management Investment Idea: Kao There's an underappreciated buying opportunity in Japanese global chemicals company Kao, according to Seth Fischer, founder and CIO at Oasis Management. David Einhorn, Greenlight Capital Investment Investment idea: Solvay Greenlight's David Einhorn unveiled Solvay as his top investment idea , saying the European chemicals company is a market leader with an attractive valuation.

Persons: Vijay Shilpiekandula, Vijay, ASML, Shilpiekandula, Jesse Cohn, Etsy, Cohn, Seth Fischer, Kao, Fischer, David Einhorn, Solvay, Einhorn, Michael Buckley, Natera, Buckley, Mohammed Anjarwala, Carpenter, Anjarwala Organizations: Elliott Investment Management Investment, Elliott Investment Management, Body, Oasis Management Investment, Oasis Management, Nikkei, Greenlight Capital Investment Investment, Solvay, Duquesne Family, Duquesne Family Office, Global, Technology Carpenter Technology, Boeing, Airbus Locations: New York, Europe, Bath

It was so strong it set off tsunami warnings in Japan, China and the Philippines. But then, even in a fault-riddled place with long and hard experience with earthquakes, the jolt of aftershock after aftershock was startling, continuing every few minutes throughout the day. The magnitude-7.4 quake killed nine and injured at least 1,011 others, stretching an expert quake response system that has served as a model in other places. In Hualien County, close to the epicenter, 71 people were trapped in two mining areas as of Wednesday night and dozens of others were stranded, according to officials. Around 14,000 households were without water, and 1,000 households were without power.

Persons: aftershock Locations: Taiwan, Japan, China, Philippines, Hualien County

The temblor set off at least nine landslides, collapsing hillsides onto the Suhua Highway in Hualien, according to local media reports. The quake was centered in the waters off Hualien, according to the United States Geological Survey. The epicenter was about 10 miles under the earth’s surface, according to Taiwan. Here is the latest: In Japan, tsunami waves as high as 30 centimeters hit the shore on Yonaguni Island at 9:14 a.m. local time. People in China took to social media saying they felt the tremors as far as away as Hangzhou, Xiamen, and Shanghai.

Persons: Tobin, Motoko Rich Organizations: Rail, United States Geological Survey, Weather Administration, U.S . Pacific, Warning Locations: Taiwan, Japan, Hualien, Taiwan’s, Taipei, People, China, Hangzhou, Xiamen, Shanghai

☆ Beijing Deplores Taiwan’s Next President, but Welcomes an Old One
▼ + stars: | 2024-03-31 | by ( Chris Buckley | Amy Chang Chien | ) www.nytimes.com time to read: +1 min

As tensions fester between China and Taiwan, one elder politician from the island democracy is getting an effusive welcome on the mainland: Ma Ying-jeou, a former president. Mr. Ma’s 11-day trip across China, which was set to begin on Monday, comes at a fraught time. Beijing and Taipei have been in dispute over two Chinese fishermen who died while trying to flee a Taiwanese coast guard vessel in February, and China has sent its own coast guard ships close to a Taiwanese-controlled island near where the men died. Taiwanese officials expect China to intensify its military intimidation once the island’s next president, Lai Ching-te, takes office on May 20. His Democratic Progressive Party rejects Beijing’s claim that Taiwan is part of China, and Chinese officials particularly dislike Mr. Lai, often citing his 2017 description of himself as a “pragmatic worker for Taiwan’s independence.”On the other hand, China’s warm treatment of Mr. Ma, 73, Taiwan’s president from 2008 to 2016, seems a way to emphasize that Beijing will keep an open door for politicians who favor closer ties and accept its conditions for talks.

Persons: Ma Ying, Ma’s, Lai Ching, Lai, ”, Ma Organizations: Democratic Progressive Party Locations: China, Taiwan, Beijing, Taipei, Taiwanese

☆ The world’s best dumplings
▼ + stars: | 2024-03-28 | by ( Julia Buckley | ) edition.cnn.com time to read: +17 min

The best way to sample these dumplings is from a street vendor carting a steamer on his bicycle. KartoffelknoedelCarbtastic kartoffelknoedel ExQuisine/Adobe StockFound across Germany, kartoffelknoedel, or potato dumplings, usually accompany meat dishes. Artit_Wongpradu/iStockphoto/Getty ImagesSome dumpling purists say that the Australian dim sim is merely a bastardized version of Chinese dumplings. Joshua Resnick/500px Plus/Getty ImagesFound on Chinese takeout menus in the United States, crab rangoon are deep-fried dumplings served as a side dish. Shish barakShish barak are lamb dumplings served with yoghurt.

Persons: ., Ravioli, –, chao shou, chao, bryndzové, Lisa Wiltse, dumpling, Edward Wong, there’s, Beata Zawrzel, Mayur, Lord Ganesha, Ganesh Chathurthi, Pelmeni, Dim sims, Peng, Kimchi, Jonathan Wong, manti, speck, you’ll, Deb Lindsey, Uszka, Gyoza, Joshua Resnick, Ihor, it’s, It’s, DiAnna Paulk, Paolo Bernardotti, Shish barak Shish barak, Julia Buckley Organizations: CNN, South China Morning, Adobe, Central Asia, Kazakhstan –, Turks, Adobe Stock, Corbis, China Morning, Getty, Turkish, Fascism, Washington Post Locations: . Cheng, South, Italy, Rome, Sichuan, Central, Turkey, China, Azerbaijan, Kazakhstan, Central Asia, Mongol, Slovakia, Slovakian, Indonesian, Bandung, Hong Kong, Eastern Europe, Maharashtra, Germany, Brazil, Siberia, European, Australia, North America, Europe, Tunisian, Argentina, empanadas, Mendoza, USA, Southern, United States, Central Asian, Korea, Alto Adige, Austrian Tyrol, Kathmandu, Poland, Tokyo, rangoon, Asia, Russia, Georgia, Japan, Pennsylvania, Piedmont, Afghanistan

The United States and China are locked in a new race, in space and on Earth, over a fundamental resource: time itself. And the United States is losing. Global positioning satellites serve as clocks in the sky, and their signals have become fundamental to the global economy — as essential for telecommunications, 911 services and financial exchanges as they are for drivers and lost pedestrians. But those services are increasingly vulnerable as space is rapidly militarized and satellite signals are attacked on Earth. Yet, unlike China, the United States does not have a Plan B for civilians should those signals get knocked out in space or on land.

Organizations: Global Locations: States, China, United States

☆ A Simple New Technique Could Make Your Eggs More Humane
▼ + stars: | 2024-03-28 | by ( Cara Buckley | ) www.nytimes.com time to read: +1 min

Every year in the United States, more than 300 million male chicks are hatched. But because they don’t lay eggs or produce valued meat, they are typically killed within a day, usually shredded alive in industrial grinders. But now an American egg producer said he plans to begin selling eggs from chickens bought from a hatchery equipped with new technology that avoids that grisly outcome, a first in the United States. “The average consumer simply has no awareness that this is even an issue,” said the producer, John Brunnquell, founder and president of Indiana-based Egg Innovations, which sells 300 million free-range and pasture-raised eggs a year. Mr. Brunnquell said the main hatchery he uses was on track to adopt the technology in early 2025 and that he expected to begin selling eggs produced with the new technique late next summer.

Persons: ”, John Brunnquell, Brunnquell Locations: United States, American, Indiana

☆ In Saga of NBC and Ronna McDaniel, Perks and Perils of Partisan Talk on TV
▼ + stars: | 2024-03-27 | by ( Michael M. Grynbaum | John Koblin | ) www.nytimes.com time to read: +1 min

Trying to juice ratings in an election year, a major TV network hired a pair of provocative commentators from the political establishment to inject some spiky opinion into its otherwise-staid campaign coverage. These days, the role of the “paid contributor” — a commentator on contract, to bloviate on demand — is fully baked into the TV news ecosystem. Or, in the case of Ronna McDaniel, as the former chairwoman of the Republican Party. Ms. McDaniel’s tenure as a paid contributor at NBC News was less successful than those of many of her peers. (Her two immediate predecessors as Republican leader, Michael Steele and Reince Priebus, work for MSNBC and ABC News.)

Persons: Gore Vidal, William F, Buckley Jr, —, ”, Ronna McDaniel, McDaniel’s, Michael Steele, Reince, McDaniel, Donald J Organizations: ABC News, West Wing, Republican Party, NBC, MSNBC, ABC

☆ They Save Baby Seals From Fishing Line and Plastics. Millions Watch.
▼ + stars: | 2024-03-26 | by ( Cara Buckley | ) www.nytimes.com time to read: 1 min

A group of men sprints across a windswept beach, holding what look like outsize butterfly nets, and close in on a colony of seals trying to escape into the sea. The pursuers wrestle with their quarry: Seals entangled by fishing gear and other maritime garbage, whose fortunes are about to be reversed. As one man pins down a panicked animal, another cuts away the plastic deeply embedded in its neck. The chase ends with a freed seal triumphantly returning to the ocean. Ocean Conservation Namibia, a nonprofit group based on the central coast of Namibia, estimates it has rescued around 3,000 seals entangled in marine garbage since 2020.

Organizations: Conservation Locations: Conservation Namibia, Namibia

☆ Olivia Colman says if she were a man, she’d be earning ‘a f**k of a lot more’
▼ + stars: | 2024-03-25 | by ( Lianne Kolirin | ) edition.cnn.com time to read: +3 min

London CNN —British actress Olivia Colman has hit out at the gender pay gap, declaring that she would be paid “a f**k of a lot more” if she were a man. There to discuss her current film, “Wicked Little Letters,” together with the movie’s director, Thea Sharrock, Colman, 50, suggested there could be no justification for paying women less than men. Olivia Colman hit out at the gender pay gap in an interview with CNN's Christiane Amanpour about her new movie, "Wicked Little Letters." But they still like to use that as a reason to not pay women as much as their male counterparts. When asked if there was a lot of swearing on set, Sharrock said: “Olivia is incredibly potty-mouthed,” before adding “We all are.”“I think it’s a nice seasoning of language,” said Colman, who added that she tended to swear more when nervous.

Persons: Olivia Colman, Queen Anne, ”, CNN’s Christiane Amanpour, Thea Sharrock, Colman, CNN's Christiane Amanpour, Don Arnold, WireImage, ” Sharrock, “, … ” Colman, Queen Elizabeth II, ” Amanpour, Olivia, Oliver Colman, Amanpour, ” Colman, Sharrock, Emilia Clarke, Jessie Buckley, “ Olivia, Chaucer Organizations: London CNN Locations: British, Yorgos, Irish

☆ China’s Dispute With Taiwan Is Playing Out Near This Frontline Island
▼ + stars: | 2024-03-24 | by ( Chris Buckley | Amy Chang Chien | ) www.nytimes.com time to read: 1 min

A small island controlled by Taiwan a few miles off China’s coast lived for decades in constant readiness for war. At one point in 1958, troops there hunkered in bunkers as Communist forces rained hundreds of thousands of shells on them. These days, the island, Kinmen, has become a hub of Taiwan’s commerce with China and its abandoned, weatherworn fortifications are tourist sites. Eight ferries a day take Taiwanese businesspeople and visitors from Kinmen to mainland China. But the sea around Kinmen has again turned tense after two Chinese men onboard a speedboat died in the area last month while trying to flee a Taiwanese Coast Guard vessel.

Organizations: Coast Guard Locations: Taiwan, Kinmen, China

☆ Sam Altman's mission to increase human lifespan with a $180 million shipping container experiment at Retro Biosciences
▼ + stars: | 2024-03-23 | by ( Hilary Brueck | ) www.businessinsider.com time to read: +11 min

Called Retro Biosciences, the startup's goal is simple yet supremely ambitious: Add 10 healthy, enjoyable years onto the back end of our lifetimes. But Retro Biosciences actually fits quite neatly into Altman's futuristic worldview. Retro BiosciencesRetro Biosciences sits about 30 miles south of OpenAI's San Francisco headquarters, where ChatGPT was hatched. Joe Betts-LaCroix is the CEO of Retro Biosciences. There are things we already know work super well to improve human longevity, like exercise, diet, faith, and social support.

Persons: Sam Altman, he's, Elon Musk, Mark Zuckerberg, Altman, Instacart —, Joe Betts, LaCroix, isn't, Betts, Retro's, spry, Yamanaka, Shinya Yamanaka, it's, they've, Sora, Thiel, Jeff Bezos, Bezos, Yuri Milner, Billionaire Peter Thiel, He's, Aubrey de Grey, Christian Angermayer, biogerontologist Daniel Promislow, Altman's, Matt Buckley Organizations: Business, OpenAI, Biosciences, Harvard, MIT, Caltech, Extension, Apple, Stanford University, Retro, Bezos, Labs, Billionaire, Cambrian, Retro Biosciences, Bloomberg Locations: geroscience, Silicon Valley, OpenAI's San Francisco, Meta, Golden City, Retro.bio, Redwood City , California, San Diego

☆ India’s Adani Green Energy Limited is building world’s biggest clean energy plant five times the size of Paris
▼ + stars: | 2024-03-19 | by ( Diksha Madhok | ) edition.cnn.com time to read: +8 min

Its clean energy unit AGEL is building the sprawling solar and wind power plant in the western Indian state of Gujarat at a cost of about $20 billion. But the tycoon has since bounced back and the group is now pouring billions into the clean energy sector. It plans to invest $100 billion into energy transition over the next decade, with 70% of the investments ear-marked for clean energy. A worker walking past rows of solar panels at the Khavda Renewable Energy Park. “[Gautam] Adani continues to walk both sides of the street,” said Tim Buckley, director of Sydney-based think tank Climate Energy Finance.

Persons: can’t, ” Sagar Adani, Adani, He’s, Gautam Adani, Punit Paranjpe, AGEL, ”, haven’t, Hindenburg’s, Gautam, Narendra Modi, Modi, Tim Buckley, ” Buckley, Paranjpe, “, that’s, ” Adani Organizations: New, New Delhi CNN —, CNN, Adani Green Energy, Adani, Khavda, Energy, Hindenburg, AGEL, Getty, International Energy Agency, Sydney, Climate Energy Finance Locations: New Delhi, Paris, Switzerland, India, Gujarat, Indian, Mundra, AFP, Pakistan, American, China, Europe, London, Africa, Australia

☆ How an airplane toilet works at 40,000 feet: The extraordinary science behind everyday flying
▼ + stars: | 2024-03-09 | by ( Julia Buckley | ) edition.cnn.com time to read: +18 min

And most important of all, how does a toilet work at 40,000 feet? Matthias Balk/dpa/picture alliance/Getty ImagesUsing water to flush airplane toilets is a no go because of aircraft weight restrictions. When you press the flush button, a valve opens at the bottom of the toilet bowl, connecting it to a pipe below. Airplanes have never deliberately shot their toilet waste into the atmosphere, not even in the old days, says Jones. The onboard air circulation of today isn’t just about keeping healthy – it also controls how passengers feel, especially on longhaul flights.

Persons: Al St, Germain, who’s, James Kemper, Matthias Balk, biggie, ”, Nigel Jones, Jones, it’s, that’s, “, Martin Leissl, Nik Sennhauser, Jones –, bev, ” Kris Major, he’s, Don Buchman, – Buchman, Buchman, “ It’s, St Organizations: CNN, Delta, “, Kingston University, UK’s Royal Aeronautical Society, Airlines, JAL, Al Nippon Airways, Oman Air, Boeing, Airplanes, British Airways, Bloomberg, Getty, European Transport Workers ’ Federation Joint, Viasat, Netflix, Pilots, JetBlue, Germain . British Airways, US, American Airlines, Environmental Protection Agency, Airbus Locations: St, London, It’s, Japanese, Oman, Antarctica, London’s Heathrow, Europe, what’s, North America, New York City, Madrid, Rio de Janeiro, New York, Atlanta, Dallas, Chicago, Iberia, Southwest

☆ Xi Sticks to His Vision for China’s Rise Even as Growth Slows
▼ + stars: | 2024-03-09 | by ( Chris Buckley | ) www.nytimes.com time to read: +1 min

Even with growth faltering in China, Xi Jinping appears imperiously assured that he possesses the right road map to surpass Western rivals. China’s economy has lurched into a slower gear. But Mr. Xi seems unbowed in insisting that his policies, featuring extensive party control and state-led industrial investment in new sectors like electric vehicles and semiconductors, can secure China’s rise. In a mark of that confidence, his government announced last week that China’s economy was likely to grow about 5 percent this year, much the same pace as last year, according to official statistics. And Mr. Xi emphasized his ambitions for a new phase of industrial growth driven by innovation, acting as if the past year or two of setbacks were an aberration.

Persons: Xi Jinping, —, Xi Locations: China, United States, West

☆ The room to maneuver is quite limited, economist says ahead of the U.K. budget
▼ + stars: | 2024-03-06 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe room to maneuver is quite limited, economist says ahead of the U.K. budgetThe room to maneuver is quite limited, says George Buckley, chief European economist at Nomura, ahead of the U.K. budget.

Persons: George Buckley Organizations: Nomura

☆ China’s New Economic Agenda, a Lot Like the Old One: Takeaways
▼ + stars: | 2024-03-05 | by ( Alexandra Stevenson | Chris Buckley | ) www.nytimes.com time to read: +1 min

China’s annual legislative meeting — the National People’s Congress, when Communist Party leaders promote their solutions for national ills — opened for business. The event is a chance for the leaders to signal the direction of the economy and outline how and where the government will spend money in the coming year. Despite their reluctance to spend, China’s top leaders said the economy would grow around 5 percent this year. The growth target and other policies came in a report given to the annual session of the legislature. 2 official, Li Qiang, and is the marquee event in a weeklong gathering dominated by officials and party loyalists.

Persons: —, China’s, Li Qiang Organizations: People’s Congress, Communist Party Locations: Beijing

☆ China Scraps Premier’s Annual News Conference in Surprise Move
▼ + stars: | 2024-03-04 | by ( Vivian Wang | Chris Buckley | ) www.nytimes.com time to read: +1 min

China’s premier will no longer hold a news conference after the country’s annual legislative meeting, Beijing announced on Monday, ending a three-decades-long practice that had been an exceedingly rare opportunity for journalists to interact with top Chinese leaders. It also reinforced how China’s top leader, Xi Jinping, has consolidated power, relegating all other officials, including the premier — the country’s No. 2, who oversees government ministries — to much less visible roles. China’s current premier, Li Qiang, was widely considered to have been elevated to the role last year because of his loyalty to Mr. Xi. “Barring any special circumstances, there will not be a premier’s news conference in the next few years after this year’s legislative session either,” Lou Qinjian, a spokesman for the legislature, said at a news briefing about this year’s session.

Persons: Xi Jinping, Li Qiang, Mr, Xi, ” Lou Qinjian Locations: Beijing

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