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☆ Kim Jong Un tested a new rocket that could hit Seoul — and may aid Russia against Ukraine
▼ + stars: | 2024-04-26 | by ( Mikhaila Friel | ) www.businessinsider.com time to read: +4 min

Kim Jong Un oversaw tests for a rocket capable of hitting Seoul in South Korea, Bloomberg reported. Russia and North Korea have previously denied reports of an arms deal between the two nations. North Korean leader Kim Jong Un and Russian President Vladimir Putin in Vladivostok on April 25, 2019. Russia and North Korea have previously denied an arms deal exists between the two countries. Business Insider reported in October that North Korea was on track to become "one of Russia's most significant foreign arms suppliers."

Persons: Kim Jong Un, —, Yang, Vladimir Putin, Alexander Zemlianichenko, Simon Miles, Miles, Kelly Grieco, it's Organizations: Bloomberg, Service, Ukraine, Korean People's Army, Korean Central News Agency, Asan Institute, Policy Studies, NK News, North Korean, Duke University's Sanford School of Public, Kremlin, Soviet Union, AP News, Business, pushback, US, Stimson Center Locations: Seoul, South Korea, Russia, Ukraine, North Korea, Korea, Russian, Vladivostok, Soviet

☆ Goldman Sachs likes these 2 mobile gaming stocks set for 'blockbuster' launches, gives one 40% upside
▼ + stars: | 2024-04-26 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +3 min

Investors seeking exposure to China's growing mobile gaming industry should look at technology giants Tencent and NetEase , according to Goldman Sachs. The investment bank expects "China to see faster growth from mid 2024 supported by game launches and a loosening regulatory environment." Tencent Tencent's game sales were up 14% year on year domestically in March and 36% internationally. NetEase NetEase posted a 16% year-on-year rise in domestic sales growth and 1% rise in international sales growth last month, Goldman's analysts noted. Domestic mobile game sales fell by 12% year-on-year Japan in the first quarter of the year.

Persons: Goldman Sachs, 2Q24, Lincoln Kong, FactSet, NetEase NetEase, Michael Bloom Organizations: Street, Hong, Nasdaq, Hong Kong Stock Exchange, China, Domestic Locations: China, Tencent, Hong Kong, Japan, South Korea

☆ 3 red flags to look out for at a Korean barbecue restaurant, according to a top Korean chef
▼ + stars: | 2024-04-26 | by ( Anneta Konstantinides | ) www.businessinsider.com time to read: +4 min

Kim hopes that by expanding Baekjeong's reach, he can share Korean barbecue with more people who've never tried it. And he shared some tips to help newcomers and Korean barbecue lovers find restaurants that offer the most authentic experience. But if you want a truly authentic, flavor-driven Korean barbecue meal, don't eat all-you-can-eat." The restaurant feels like a nightclub"There are some restaurants where you walk in, and it just doesn't seem like a barbecue restaurant," Kim said. "Korean barbecue, for me, is going to a place where you can see the people you're eating with," he said.

Persons: —, Jean, Georges, Samuel Kim, Kim, Washington —, It's, who've, Sam Kim, We've, we're, that's Organizations: Service, New York, Baekjeong, Business Locations: New, Korean, California, Washington, Los Angeles, Koreatown, Korea

They call it an encirclement of their nation and say the United States is trying to constrain its main economic and military rival. The United States also has a new security agreement with Papua New Guinea. On Wednesday, Mr. Biden signed a $95-billion supplemental military aid and spending bill that Congress had just passed and that includes $8.1 billion to counter China in the region. In addition, the United States continues to send weapons and Green Beret trainers to Taiwan, a de facto independent island and the biggest flashpoint between the United States and China. A swarm of Chinese militia and Coast Guard vessels chased a Philippine Coast Guard ship in the South China Sea last year.

Persons: Xi Jinping, Biden, Antony J, Blinken, Yuri Gripas, ” Ely Ratner, Xi, ” Kurt Campbell, Joseph Wu, ”, “, Samuel J, Paparo Jr, Mr, Paparo, Carl Vinson, Richard A, Brooks, Trump, Lloyd J, Austin III, Chen Jining, Jes Aznar, David H, Berger, Obama, Tony Mcdonough, United States —, Admiral Paparo, China’s “ revanchist, we’re Organizations: Australian, U.S, Marines, United, Pentagon, Corps, Mr, White House, White, The New York Times, American, Marine, Green, China’s, Liberation Army, Seoul SOUTH, Pacific Command, People’s Liberation Army, Agence France, Nuclear Forces Treaty, Defense, Communist Party, Tokyo Okinawa, U.S . Navy, Coast Guard, Philippine Coast Guard, Marine Corps, Army, Philippines Luzon Partner, Australia Darwin Potential, NATO, Tomahawk Locations: Beijing, United States, Papua New Guinea, Philippines, Japan, Okinawa, Taiwan, Asia, Pacific, U.S, China, Shanghai, South China, South Korea, Guam, Washington, Manila, Taipei, People’s Republic of China, Palau, West Papua, Seoul, Tokyo JAPAN CHINA Taipei TAIWAN Hong Kong, GUAM philippines MALAYSIA INDONESIA JAPAN CHINA TAIWAN, philippines GUAM, INDONESIA Seoul, GUAM philippines, MALAYSIA INDONESIA, Philippine, Moscow, Tokyo, Ryukyu Islands, South, Philippines Luzon, Luzon, Spratly, Australia, Canberra, Singapore, Darwin, Australia’s, . North Carolina, Virginia, Perth, United Kingdom, Navy’s, America

Commercial and residential buildings seen from the rooftop of the Lotte Corp. World Tower at sunset in Seoul, South Korea, on Tuesday, Nov. 28, 2023. Asia-Pacific markets took a breather after two straight days of rallies, mirroring moves on Wall Street ahead of first-quarter gross domestic product figures from the U.S. due Thursday. In Asia, investors will assess South Korea's advance first-quarter GDP growth of 3.4% year on year, the highest quarterly growth since the fourth quarter of 2021. Separately, the Bank of Japan kicks off its monetary policy meeting Thursday as investors monitor for action against yen weakness. The yen slid past the 155 mark against the U.S. dollar on Wednesday, hitting a fresh 34-year low.

Organizations: Lotte Corp, Bank of Japan, U.S Locations: Seoul, South Korea, Asia, Pacific, U.S

☆ South Korea's largest K-pop agency Hybe accuses sublabel executives of breach of trust
▼ + stars: | 2024-04-25 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

South Korea's largest entertainment agency Hybe is set to file an official police complaint against executives of its sublabel ADOR on charges of breach of trust and other offenses. The move comes after Hybe, which manages K-pop sensation BTS, opened an audit into ADOR on April 22 over allegations that CEO Min Hee-jin was aiming to take the sublabel independent. Min denied the allegations and accused Hybe of copying the concept of ADOR's girl group, NewJeans, for another girl group under a different Hybe subsidiary. Reports from South Korean media show a screenshot provided by Hybe of a message between Min and ADOR's vice CEO. In the message, the vice CEO outlined various methods to take the label independent, including approaching other investors and convincing Hybe to sell its stake in the sublabel.

Persons: Min Hee, Min, Hybe, auditee Organizations: CNBC, South Locations: ADOR

☆ Biden promise to rival China on shipbuilding faces a big economic problem
▼ + stars: | 2024-04-25 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +11 min

The Biden administration is correct that China has not played fair. But he said the nations that could rival China in shipbuilding are Asian competitors. Shipbuilding subsequently dropped to around five ships per year, which is approximately the current rate of U.S. shipbuilding. President Joe Biden speaks to members of the United Steel Workers Union at the United Steel Workers Headquarters on April 17, 2024 in Pittsburgh, Pennsylvania. Biden announced new actions to protect American steel and shipbuilding industries including hiking tariffs on Chinese steel.

Persons: Biden, Ben Nolan, Nolan, Reagan, Joe Biden, Jeff Swensen, —, Darron, Wadey, Lloyd, Matson, George Washington, Ronald O'Rourke, O'Rourke Organizations: Mitsui Shipbuilding Co, Taicang Port Economic, Technological, Future Publishing, Getty, CNBC, Shipbuilding, Global, United States, Trade, U.S . Trade, U.S, China's Ministry of Commerce, United Steel Workers, Japan's Nippon Steel, United Steel Workers Union, United Steel Workers Headquarters, Analysts, Matson Shipping, Jones Act, Philly Shipyard, CMA CGM, Matson, United, Maritime Administration, U.S ., Huntington Ingalls Industries, News Shipbuilding, U.S . Navy, U.S Navy, Newport News Shipbuilding, Virginian Pilot, Tribune, Service, Force, warfighting, Navy, Biden, Congressional Research Service Locations: Taicang Port, Suzhou, Jiangsu province, China, U.S, Japan, South Korea, United States, Pennsylvania, Pittsburgh , Pennsylvania, American, Bangladesh, U.S . Virgin Islands, Great, Mississippi, Ohio

☆ Japanese yen hits fresh 34-year low despite verbal intervention from authorities
▼ + stars: | 2024-04-25 | by ( Shreyashi Sanyal | ) www.cnbc.com time to read: +2 min

In this article JPY= Follow your favorite stocks CREATE FREE ACCOUNTThe Japan flag is juxtaposed against a Japanese yen bank note. Javier Ghersi | Moment | Getty ImagesThe yen slipped past 155 against the U.S. dollar on Thursday, touching a new 34-year low against continued strength in the greenback. The weakness comes as the Bank of Japan is due to release its monetary policy decision Friday and in spite of verbal warnings from Japanese authorities. Some market watchers had speculated that the 155 level would prompt intervention after the currency languished at multi-decade lows for a month. The yen has weakened 4.2% since the BOJ's March meeting, worrying Japanese authorities and investors.

Persons: Javier Ghersi, Shusuke Yamada, Jerome Powell, Appio Organizations: U.S, Bank of Japan, BofA Securities, Federal, First Eagle Investments, CNBC, Korean Locations: Japan, South Korea

☆ Nvidia supplier SK Hynix reverses losses in first quarter on explosive AI demand
▼ + stars: | 2024-04-25 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com time to read: +2 min

SK Hynix Inc. signage at the company's office in Seongnam, South Korea, on Monday, April 22, 2024. SK Hynix is the world's second-largest memory chipmaker after Samsung Electronics and supplies high-bandwidth memory chips catering to AI chipsets for companies like Nvidia . The explosive demand for AI chipsets boosted the high-end memory chip market, hugely benefiting players like SK Hynix and Samsung Electronics. To meet AI memory demand, the firm said it plans to increase supply of HBM3E – the latest generation of high-bandwidth memory for AI. SK Hynix said it will also introduce 32GB Double Data Rate 5 products this year to strengthen its leadership in the high-capacity server DRAM market.

Persons: SeongJoon Cho Organizations: SK Hynix Inc, SK Hynix, Bloomberg, Getty Images, South Korean, Revenue, Samsung Electronics, Nvidia Locations: Seongnam, South Korea, HBM3E

☆ The US secretly slipped ATACMS to Ukraine with more to come, putting high-value Russian targets in danger
▼ + stars: | 2024-04-24 | by ( Jake Epstein | ) www.businessinsider.com time to read: +9 min

Kyiv used these long-range missiles to batter Russian helicopters in multiple strikes last year. T South Korean Defense Ministry via Getty ImagesThroughout the war, Ukraine has routinely pressed Washington to provide ATACMS so it could hit high-value Russian targets deep behind enemy lines. Kyiv used the M39 ATACMS variant in those attacks. Regardless of the variant, the arrival of additional ATACMS will likely compel Moscow to change its strategy and tactics. While the statement did not specifically mention ATACMS, it said the package contains "additional ammunition" for the HIMARS, which could include ATACMS.

Persons: —, Joe Biden, Dan Rice, Volodymyr Zelenskyy, ATACMS, Biden, Sen, Mark Werner, Zelenskyy, Serhii, Rice, AP Rice, Pat Ryder, ANATOLII STEPANOV, Vladimir Putin, Putin Organizations: Service, MGM, Tactical Missile Systems, US, South Korean Defense Ministry, Army Tactical Missile, Korean Defense Ministry, Getty, Kyiv, The New York Times, Reuters, General Staff, Ukrainian Armed Forces, Senate Intelligence, CBS, High Mobility Artillery Rocket Systems, American University Kyiv, South Korea Defense Ministry, AP, Pentagon Press, Air Force, Gunners, Separate Mechanized Brigade, Armed Forces, Pentagon Locations: Ukraine, Kyiv, Moscow, United States, South Korea, Washington, Ukrainian, Russian, Crimean, ATACMS, Crimea, Donetsk Oblast, —, Russia, Kharkiv, AFP, NATO, Europe

☆ A South Korean woman says she fell in love with a fake Elon Musk who talked up a storm about building Gigafactories and luxe helicopter rides. Then she gave him $50,000.
▼ + stars: | 2024-04-24 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +1 min

A South Korean woman lost $50,000 after falling in love with a fake Elon Musk. The Musk impersonator befriended her on Instagram, where he told her he "contacts fans randomly." Fake Musk then claimed he could make the woman rich by helping her invest her money. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementA South Korean woman says she lost $50,000 to a con artist who was posing as Elon Musk.

Persons: Elon, —, Elon Musk, Musk Organizations: Service, South, KBS, Korea, Business Locations: Korean, South Korean

☆ Trump meets with foreign leaders looking to boost their relationships with GOP leader ahead of election
▼ + stars: | 2024-04-24 | by ( Alayna Treene | Steve Contorno | ) edition.cnn.com time to read: +10 min

In recent weeks, Trump, seizing the role of both an erstwhile diplomat and ascending opposition party leader, has extended welcomes to a series of foreign leaders at his homes in Florida and New York. It’s not unusual for foreign leaders to meet with the leader of the party that doesn’t control the White House – especially one with a serious chance of becoming commander in chief. Biden and his top envoys have also met and spoken with opposition leaders, something that has been a longstanding practice for US officials. Last week, Trump met with Poland’s Duda at Trump Tower, where the two discussed NATO spending over dinner. Trump, both while president and during his 2024 campaign, has called on NATO countries to spend more on defense.

Persons: Donald Trump, hasn’t, Trump, Andrzej Duda, David Cameron, Saudi Crown Prince Mohammed bin Salman, Taro Aso, It’s, Sen, Barack Obama, Mitt Romney, Biden, Sviatlana Tsikhanouskaya, Antony Blinken, Keir Starmer, Joe Biden, “ They’re, he’s, “, Vladimir Putin, Xi Jinping, ” Biden, ”, Kim Jong Un, ” Trump, Brian Hughes, Viktor Orban, Putin, Javier Milei, Orban, Viktor Orbán, Orbán, Aso, Fumio Kishida, Kishida, Lindsey Graham, Salman, King Hamad bin Isa Al Khalifa, Poland’s Duda, Duda, meanwhile, Cameron, Karen Pierce, Cameron’s, Pierce didn’t, Queen Elizabeth II Organizations: CNN, Air Force, British, Saudi Crown, Middle East, Republican, UK Labour Party, US State Department, Biden, Trump, NATO, Conservative Political, Japanese, White, Liberal Democratic Party, Saudi, New York Times, South Carolina Republican, Hamas, The New York Times, Trump Tower, Republicans, Democrats, UK Locations: House, huddling, Florida, New York, Lago, Manhattan, Japan, China, North Korea, Berlin, United Kingdom, Israel, Poland, Belarus, Munich, Europe, America, Ukraine, Korean, United States, Palm, Saudi Arabia, Bahrain, American, Russia, British, Washington

☆ Ukraine uses long-range ATACMS against Russia for the first time
▼ + stars: | 2024-04-24 | by ( Courtney Kube | ) www.cnbc.com time to read: +2 min

The first strike was about 100 miles inside Crimea's border on the morning of April 17, targeting a Russian military airfield, according to the officials. The Biden administration has not previously acknowledged sending ATACMS to Ukraine, but a National Security Council spokesperson confirmed that the U.S. has provided them. The NSC spokesperson said the administration did not reveal at the time that it was sending Ukraine the long-range missiles for operational security reasons. President Joe Biden directed his national security team to send the ATACMS to Ukraine secretly, the spokesperson said. The powerful missiles have a range up to 300 kilometers (about 187 miles) and allow Ukraine to strike the Russian military throughout Crimea and in occupied parts of eastern Ukraine that had been difficult to reach.

Persons: Biden, ATACMS, Joe Biden, Kostiantyn Liberov Organizations: South Korean Defense Ministry, U.S, MGM, Tactical Missile, South, Getty, Russian, Army Tactical Missile, National Security, NSC, Armed Forces Locations: U.S, South Korea, East Coast , South Korea, Ukraine, Crimea's, Russian, Ukrainian, Berdyansk, Zaporizhzhia Oblast, Crimea

☆ 'Chaotic era' for Asian currencies: Bank of America is not bullish on any of them
▼ + stars: | 2024-04-24 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +2 min

The onshore CNY is currently trading at 7.24 per U.S. dollar. The South Korean won recently slipped to an 18-month low of 1,389.5 against the dollar. The Bank of Korea chief called the won volatility "excessive" and said the central bank would intervene if needed. Taiwan dollarBofA also remains negative on the Taiwan dollar given strong equity outflows and life insurance companies' additional unwinding of non-deliverable forward hedges. The Taiwan dollar is currently trading at 32.6 per U.S. dollar.

Persons: SeongJoon Cho Organizations: Korean, Woori, Bloomberg, Getty, U.S, South Korean, Fed, Bank of Korea, U.S ., Taiwan Locations: Seoul, South Korea

☆ Elon Musk is keeping investors' dreams of a Tesla robotaxi alive
▼ + stars: | 2024-04-24 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +7 min

This is the Tesla Musk is selling to Wall Street, and he's telling anyone with doubts to stay away. "If somebody doesn't believe Tesla's going to solve autonomy, I think they should not be an investor in the company," Musk said on the earnings call. In a shareholder deck that Tesla published before the call, the company featured a "preview of ride-hailing in the Tesla app." At an AI Day in August 2021, Musk said Tesla would build a humanoid robot, now known as Optimus. "No matter what, even if I got kidnapped by aliens tomorrow, Tesla will solve autonomy, maybe a little slower but it would solve autonomy for vehicles at least," Musk said.

Persons: Tesla's, Elon Musk, Musk, Tesla, FSD, haven't, bodysuit, Optimus, SeongJoon Cho, you've, He's, Alex Potter, Piper Sandler, there's Organizations: Revenue, Auto, NBC News, California Department of Motor Vehicles, Optimus, Tesla Inc, Seoul Mobility, Bloomberg, Getty Images Bloomberg, Getty, Tesla, Microsoft, SpaceX Locations: California, Nevada, China, Goyang, South Korea, Tesla

☆ Global arms fairs from Russia to the UAE: Photographer’s take on bizarre world
▼ + stars: | 2024-04-24 | by ( Christy Choi | ) edition.cnn.com time to read: +10 min

CNN —An arms fair may contain all the trappings of war, but it is nothing like a battlefield. Nikita TeryoshinA shot of the reception at the 2016 MSPO expo, the biggest arms fair in Eastern Europe. “It was the only (arms fair I’d been to) where they were shooting real rockets over 20 kilometers (12 miles) maybe,” said Teroyshin. Fairgoers wait for a shuttle to a live demonstration site during the 2019 Army military expo held in Alabino, Russia. Forever.”) is paired with an image of three women in Islamic veils at an arms fair, one pretending to hold a rifle depicted in the poster in front of her.

Persons: ”, Nikita Teryoshin, “, ” Teryoshin, Nikita Teryoshin “, Teryoshin, Majid, Teroyshin, Lockheed Martin, Nikita Teryoshin Teroyshin, ‘, KAI, Nikita Teryoshin Saudi, Linda Åkerström, eyeshadow, Nikita Teryoshin Åkerström, ” Teroyshin, he’s, Åkerström, you’ll Organizations: CNN, Swedish Bofors, expos, Tiger, Kalashnikov, Lockheed, Manufacturing, ITT, Otis Defence, CTA, Elbit Systems, BAE Systems Locations: Russian, Swedish, Kielce, Poland, Lima , Peru, Belarus, France, Germany, South Korea, China, UAE, Peru, Russia, Vietnam, USA, South Africa, Lucknow, Uttar Pradesh, India, “, DEFEXPO, Eastern Europe, Mali, Alabino, Abu Dhabi, Paris, Dortmund, Seoul, IDEX, Central, Western Europe, Saudi Arabia, Qatar, Australia, Ukraine

☆ North Korea claims it tested new command-and-control system in simulated nuclear counterstrike
▼ + stars: | 2024-04-23 | by ( Brad Lendon | ) edition.cnn.com time to read: +4 min

Seoul, South Korea CNN —North Korea claims it tested a new nuclear weapons command-and-control system Monday, with the firing of projectiles carrying simulated nuclear warheads from multiple rocket launcher units. North Korea has tested both the rocket launcher system and a simulated nuclear counterstrike before, according to analysts, but KCNA said Monday’s exercise was the first time the “Haekbangashoe” – or nuclear trigger – command-and-control system was used, demonstrating what it claimed was an ability to switch rocket launchers from conventional to nuclear weapons. Though the regime’s true capabilities have not been independently verified, a 2017 report from the US Defense Intelligence Agency concluded North Korea had likely achieved its key goal of miniaturization. Images supplied by North Korea Monday showed four rockets being launched, with KCNA saying they hit targets on an island 352 kilometers (218 miles) away. The US-South Korea exercise has “incited extreme war fever” and cannot be classified as defense or deterrence, the KCNA report said.

Persons: Kim Jong Un, KCNA, Kim, ”, Jeffrey Lewis, James Martin, Joseph Dempsey, ” Dempsey, Kim ramped Organizations: South Korea CNN, Korean Central News Agency, James, James Martin Center, Nonproliferation Studies, International Institute for Strategic Studies, US Defense Intelligence Agency, miniaturization, North Korea, Korea’s, Chiefs, Staff, Korea, US Air Force Locations: Seoul, South Korea, Korea, United States, North Korea, denuclearization, Washington, U.S

☆ Gold prices slip to 2-1/2-week low as Middle East tensions ease
▼ + stars: | 2024-04-23 | by ( ) www.cnbc.com time to read: +2 min

Pure 1,000-gram gold bars produced by South Korea's LS-Nikko are stacked in a dealers room in Seoul on Jan. 9, 2009. Spot gold was down nearly 1% at $2,304.99 per ounce, as of 0336 GMT. U.S. gold futures fell 1.2% to $2,318.80. "Investors are seeing this as an opportunity to lock in some profits after gold's recent run of good form," Waterer said. Among other precious metals, spot silver fell about 1% to $26.92 per ounce, spot platinum dropped 0.7% to $911.10, and palladium slumped 1.1% to $997.75.

Persons: Tim Waterer, Waterer, Gold Organizations: South Korea's, Nikko, KCM Locations: Seoul, Iran

☆ Asia markets extend gains ahead of business activity figures from around the region
▼ + stars: | 2024-04-23 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Nurphoto | Nurphoto | Getty ImagesAsia-Pacific markets extended gains from Monday as tech shares rebounded on Wall Street and investors look toward flash business activity figures from Australia, Japan and India. Figures from S&P Global show that Australia's composite purchasing managers index hit a two-year high, coming in at 53.6 against March's 53.3. Japan and India's PMI numbers will be released later Tuesday. Japan's Nikkei 225 popped 0.8% at the open, while the broad based Topix was up 0.66%. Futures for Hong Kong's Hang Seng index stood at 16,681, pointing to a weaker open compared to the HSI's close of 16,511.69.

Persons: Kospi Organizations: Nurphoto, Getty, March's, PMI, Nikkei Locations: Jama, New Delhi, India, Asia, Pacific, Australia, Japan

☆ Chinese swimmers head to Paris Olympics under a cloud amid row over handling of drugs tests
▼ + stars: | 2024-04-23 | by ( George Ramsay | ) edition.cnn.com time to read: +5 min

CNN —A dispute over the handling of a 2021 case in which 23 Chinese swimmers tested positive for a banned performance-enhancing substance ahead of the Tokyo Olympics now threatens to overshadow swimming events at the Paris Games this summer. Sun is now free to return to competitions next month, but revelations about the 2021 case have cast Chinese swimmers and WADA in a harsh spotlight. Trimetazidine has the potential to boost endurance and has been banned by WADA since 2014. China’s national swimming championships, which serve as selection trials for the upcoming Olympics, are currently underway in Shenzhen, concluding on April 27. At the Tokyo Olympics, China won six medals in swimming, including three golds.

Persons: –, “, ” Mack Horton, Horton, Sun Yang, Sun, WADA, Adam Peaty, ”, Sarah Hirshland, Witold Banka, …, Trimetazidine, CHINADA, Ross Wenzel, trimetazidine, ” Wenzel, Denis Cotterell, Cotterell wasn’t Organizations: CNN, Tokyo, Paris Games, New York Times, ARD, Doping Agency, Olympic, “, Sydney Morning Herald, WADA, Canadian Olympic Committee, Paralympic, ”, CHINADA, Xinhua, Paris Olympics, Chinese Swimming Association, China Locations: Tokyo, China, Australian, South Korea, ”, trimetazidine, Shenzhen

☆ Airbnb's new chief business officer shares his top priorities for hosts and travelers
▼ + stars: | 2024-04-23 | by ( Ian Thomas | ) www.cnbc.com time to read: +4 min

As Airbnb's recently appointed chief business officer, Dave Stephenson is playing a crucial role in the company's future growth plans. He's also filling another role that is critical to that growth: an Airbnb host. An avid skier and hiker, Stephenson is quick to share details of the best trails with his guests. Airbnb is also looking to expand its services, making it easier to be a host as well as a guest. That could include helping hosts facilitate check-ins or helping them get the items they need for guests, like linens.

Persons: Airbnb's, Dave Stephenson, He's, Stephenson, Brian Chesky, Chesky, Airbnb Organizations: Airbnb, CBO, Netflix Locations: Ankara, Turkiye, Amazon, Seattle , Washington, that's, Germany, South Korea, Brazil, Bavaria, Washington

☆ Young Chinese are trading Shanghai for small cities. Brands like KFC are following them with thousands of stores.
▼ + stars: | 2024-04-23 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +4 min

download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . They're struggling to make it in big cities as the world's second-largest economy suffers from a flailing property market and slow post-pandemic consumption recovery. Going big on smaller citiesChina's smaller cities aren't exactly an untapped market. KFC and Pizza Hut operator Yum China, which plans to add 6,000 stores in China by 2026, is also betting big on small cities. AdvertisementThe cost of living crisis driving young people out of China's big cities is a trend that echoes across continents.

Persons: —, MetroDataTech, They're, Joey Wat, DPC, Canyandata Organizations: Migrants, Service, KFC, Bloomberg, Starbucks, Yum Locations: megacities, Shanghai, Shenzhen, MetroDataTech, China, Beijing, —, Yum China, Local, Fuzhou, Korea, New York City, London

☆ Japan and South Korea could coordinate currency intervention, but they may need U.S. support
▼ + stars: | 2024-04-22 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +3 min

SeongJoon Cho | Bloomberg via Getty ImagesInvestors have been monitoring for potential intervention in the Japanese yen, but recent comments have triggered discussion about "coordinated intervention" with South Korea. The currency has struggled, slipping past 150, since the Bank of Japan raised rates in March. Following that volatility, the U.S. last week acknowledged Japan and South Korea's "serious concerns" over the recent sharp depreciation in their currencies. The comments spurred chatter about possible coordinated currency intervention. Brady said South Korea and Japan could amplify their individual messages to the market by coordinating policy, which might also enhance the short-term impact compared to unilateral action.

Persons: SeongJoon Cho, James Brady, Brady Organizations: Korean, Woori, Bloomberg, Getty, U.S ., Bank of, South Korean, greenback, Authorities, Treasury, Bank of Japan Locations: Seoul, South Korea, Bank of Japan, U.S, Japan, South, Tokyo, Bank of Korea

☆ European stocks set to start the week in positive territory as markets look to regain momentum
▼ + stars: | 2024-04-22 | by ( Holly Ellyatt | ) www.cnbc.com time to read: 1 min

European markets are heading for a positive start to the new trading week Monday, following more uncertain sentiment last week amid continuing Middle East tensions and a repricing of interest rate expectations. U.S. stock futures pushed higher on Sunday evening as Wall Street looked to find its footing after a steep selloff for tech companies. Meanwhile, Asia-Pacific markets rebounded from Friday's selloff as investors look to fresh data out of China, Japan and South Korea this week. Markets in the region tumbled last Friday after Israel launched a strike on Iran, causing stocks to fall and safe-haven assets to climb.

Persons: Friday's, Israel Locations: East, Asia, Pacific, China, Japan, South Korea, Iran

☆ Currencies calm but cautious after a weary week
▼ + stars: | 2024-04-22 | by ( ) www.cnbc.com time to read: +3 min

U.S. one hundred dollar bills are being shown in this picture illustration taken in Buenos Aires, Argentina, on Dec. 15, 2023. Eyes are on the yen this week, with the Bank of Japan's, or BOJ, Friday policy review the notable item on the economic calendar. The yen has been one of the biggest losers against the dollar this year, with losses mounting to 9%. The ECB's Robert Holzmann, however, said the ECB probably will not cut rates this year as much as planned if the Fed does not move. BoE Governor Andrew Bailey and Deputy Governor Dave Ramsden alluded last week to Britain's inflation slowing as expected.

Persons: Chris Weston, Weston, Kazuo Ueda, BoE, ECB policymaker Madis Muller, Christine Lagarde, Robert Holzmann, BoE Governor Andrew Bailey, Dave Ramsden, Sterling, Bitcoin Organizations: U.S ., Bank of Japan's, Federal Reserve, Monetary Fund, Bank, Washington , Bank of Japan, European Central Bank, Bank of England, ECB policymaker, ECB, Treasury Locations: Buenos Aires, Argentina, East, Tehran, Iran, Washington, United States, Japan, South Korea, Washington ,, U.S

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