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☆ China to help electric vehicle industry respond to foreign trade restrictions
▼ + stars: | 2024-02-07 | by ( ) www.cnbc.com time to read: +1 min

Rows of new energy vehicles are parked at Changan Automobile's vehicle distribution center in Chongqing, China, on Jan. 14, 2024. China's commerce ministry said on Wednesday it would encourage the new energy vehicle industry to "actively" respond to foreign trade restrictions and cooperate with overseas firms, amid a European probe into Chinese subsidies for the sector. The ministry issued guidelines that also encouraged automakers to set up R&D and after-sales service centers abroad, to collaborate with foreign partners in building up supply chains, and to work more closely with shipping companies on transportation logistics. Under the measures, Chinese banks would be encouraged to expand domestic and overseas services for automakers and their supply chains, including the scale of cross-border RMB settlements. The ministry also said it would optimize export procedures for NEVs and batteries.

Locations: Chongqing, China

☆ Pentagon identifies Army soldiers killed in helicopter crash in eastern Mediterranean Sea
▼ + stars: | 2023-11-13 | by ( Haley Britzky | ) edition.cnn.com time to read: +5 min

“Chief Warrant Officer 3 Stephen Dwyer, Chief Warrant Officer 2 Shane Barnes, Staff Sgt. Cade Wolfe were truly SOF professionals and are among the nation’s finest soldiers,” Col. Roger P. Waleski Jr., commander of the 160th SOAR (Abn. In 2020, he “fully dedicated himself to the organization” by resigning his commission and becoming a warrant officer, the Army release says. His awards and decorations include the Air Medal with Combat device, Army Commendation Medal and Army Achievement Medal with combat device. He volunteered for an assignment with the 160th SOAR and completed the regiment’s “extensive training and assessment program” this year.

Persons: Stephen R, Dwyer, Shane M, Barnes, Tanner W, Andrew P, Cade M, Wolfe, Stephen Dwyer, Shane Barnes, Tanner Grone, Andrew Southard, Cade Wolfe, ” Col, Roger P, Waleski Jr, “, ”, Jonathan Braga, ” Braga, Barnes ’, Grone, Southard, Lloyd Austin, ” Austin Organizations: CNN, Pentagon, 160th Special Operations Aviation Regiment, Apache, Abn, US Army Special Operations Command, Operations, US European Command, Army Special Operations Command, United States Military Academy, Army, Star, UH, Gonzaga University, Staff, 160th, Hawk, Combat Aviation Brigade, Overseas Service Ribbon, 25th Combat Aviation Brigade, 1st Battalion, Overseas Service, Defense, America Locations: Clarksville , Tennessee, Sacramento , California, Gorham , New Hampshire, Arizona, Mankato , Minnesota, Israel, Iraq, Afghanistan, Korea, Hawaii, 160th SOAR

☆ Travis King: who is the US soldier who crossed into North Korea?
▼ + stars: | 2023-08-16 | by ( ) www.reuters.com time to read: +4 min

Sarah Leslie/Handout via REUTERS/File Photo Acquire Licensing RightsSEOUL, Aug 16 (Reuters) - North Korea confirmed for the first time on Wednesday that it is holding American soldier Travis King, saying he crossed the border last month to escape racism and mistreatment in the U.S. military and society. WHY DID HE CROSS TO NORTH KOREA AND WHERE IS HE NOW? KCNA said he was held by the North Korean army after he crossed, but did not elaborate. Roughly 24 hours after leaving the airport, he sprinted into North Korea while touring the Joint Security Area, which sits astride the border. King spent time in a South Korean prison, however, in lieu of paying the fine.

Persons: Travis T, Sarah Leslie, Handout, Travis King, King, KCNA, King's, Myron Gates, Carl Gates, Josh Smith, Gerry Doyle Organizations: Security Area, REUTERS, Rights, U.S ., WHO, U.S . Army, Korean, Force, U.S . 1st Armored Division, 4th Infantry Division, National Defense Service, Korean Defense, Overseas Service, North Korean, Pentagon, ABC News, Daily, Airport, American Airlines staff, Reuters, Security, Court, Thomson Locations: Panmunjom, South Korea, Rights SEOUL, North Korea, U.S, Racine , Wisconsin, Korean, New Zealand, Seoul

☆ Private Travis T. King: what do we know about the U.S. soldier who crossed to North Korea?
▼ + stars: | 2023-07-19 | by ( ) www.reuters.com time to read: +4 min

[1/4] A North Korean soldier stands guard at their guard post in this picture taken near the demilitarized zone separating the two Koreas, in Paju, South Korea July 19, 2023. Private Travis T. King, who joined the U.S. Army in January 2021, is a Cavalry Scout with the Korean Rotational Force, which is part of the U.S. security commitment to South Korea. WHY DID HE CROSS TO NORTH KOREA AND WHERE IS HE NOW? His mother, Claudine Gates, told ABC News she was shocked at the news her son had crossed into North Korea. U.S. officials say King is likely to be in North Korean custody.

Persons: Kim Hong, Ji, Travis T, TRAVIS, King, expletives, Sarah Leslie, Handout, Claudine Gates, Travis, 1,265.8500, Crystal Chesters, Edmund Blair Organizations: REUTERS, WHO, U.S . Army, Korean, Force, U.S . 1st Armored Division, 4th Infantry Division, National Defense Service, Korean Defense, Overseas Service, Court, Security Area, U.S, The Korea Times, ABC News, United Nations, Thomson Locations: Korean, Paju, South Korea, United States, U.S, North Korea, Washington, Pyongyang, Seoul, Panmunjom, New Zealand, North, New York

She was among some 40 other tourists who were walking around and taking photos in the moments before King made a dash to North Korea. "I don't think anyone who was sane would want to go to North Korea, so I assumed it was some kind of stunt," she told Reuters. North Korea is likely to milk the border crossing by a U.S. soldier for propaganda purposes but will probably not be able to gain political leverage, analysts and a former North Korean diplomat said. The notable exception was U.S. college student Otto Warmbier, who died in 2017 shortly after being released from a North Korea prison. Still, analysts suggested that King's stay in North Korea could be lengthy.

Persons: Travis T, King, Carl Gates, Gates, Travis, Sarah Leslie, Leslie, Tae Yong, Andrei Lankov, Otto Warmbier, Lankov, It's, Victor Cha, Josh Smith, Matt Spetalnick, Don Durfee, Sandra Maler Organizations: U.S . Army, The Korea Times, U.S, Cavalry, Korean, Force, National Defense Service, Korean Defense, Overseas Service, Daily, Joint Security Area, Reuters, South, Korea Risk Group, Center for Strategic, International Studies, Thomson Locations: SEOUL, WASHINGTON, South Korea, Washington, North, Seoul, Fort Bliss , Texas, North Korea, Racine , Wisconsin, New Zealander, U.S, North Korean, Korea, Korean, Korea's, Pyongyang

But while he cleared customs, he did not get on the plane as scheduled on Monday, US officials told CNN. Picture of Travis King, the US soldier who ran across the military demarcation line into North Korea on Tuesday July 18th. She said the administration was working with the government of South Korea, along with Sweden, on the matter. Sweden generally represents US interests in North Korea because the US and North Korea have no diplomatic ties. King’s mother, Claudine Gates, told ABC on Tuesday that she was “shocked” by the fact that King had crossed into North Korea.

Persons: Travis King, Fort, King, “, Sarah Leslie, ” Leslie, Travis T, Karine Jean, Pierre said, ”, King “, we’ve, Adm, John Aquilino, we’re, I’ve, Claudine Gates, Travis, ” Gates, Bryce Dubee Organizations: CNN, Airport, US Forces Korea, Joint Security, Facebook, Panmungak, Joint Security Area, North, Fort Bliss, Security Area, Reuters, Pacific Command, Aspen Security, Court, South, ABC, 6th Squadron, 1st Cavalry Regiment, 1st Brigade Combat, Armored Division, National Defense Service, Korean Defense, Overseas Service Locations: North Korea, Seoul, South Korea, Fort Bliss , Texas, North, North Korean, Fort, Panmunjom, Sweden, Mapo, Fort Bliss

☆ In Argentina, controls spawn soybean and 'Netflix' currency rates
▼ + stars: | 2022-10-19 | by ( Lucila Sigal | ) www.reuters.com time to read: +5 min

The blossoming of parallel foreign exchange rates has gained pace in recent weeks, becoming the target of memes online, one calling the array a "tutti-frutti". But it also reflects a serious risk the government faces to protect dwindling dollar reserves needed to pay back debt. The government and central bank argue that the controls are needed to protect foreign reserves and stabilize the economy. "All these different exchange rates shows a political desperation for dollars," said Eduardo Maehler, 37, a self-employed worker in Buenos Aires. "We know the cost of imposing these controls over time: it always ends in a very deep crisis," he said.

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