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☆ China's submarine force is stressed by their more realistic training for combat
▼ + stars: | 2024-04-28 | by ( Michael Peck | ) www.businessinsider.com time to read: +9 min

Chinese submarine crews are training to operate farther into the Western Pacific. AdvertisementChina is forcing its submarine crews to endure more intensive and realistic training exercises. Ironically, while rigorous training is intended to create a more skilled and aggressive submarine force, these changes could backfire. "What the literature does suggest is that the PLAN submarine force is simultaneously incorporating a wide range of new operational guidance, platforms, and technologies that are pushing the crews and equipment of the PLAN submarine force in ways they have not been stressed before." "But it still must improve further to be capable of supporting what is expected of the submarine force."

Persons: —, Christopher Sharman, Terry Hess, evaluators, VCG, Crews, submariners, Sharman, Michael Peck Organizations: Pacific, Service, Training, China Maritime Studies, US Naval War, People's Liberation Army Navy, PLA, PLAN, Defense, Foreign Policy, Rutgers Univ, Twitter, LinkedIn Locations: China, Pacific, Western, Soviet, Russia, Ukraine, Forbes

☆ The red flags that will tell us when China's actually ready to invade Taiwan
▼ + stars: | 2024-04-27 | by ( Chris Panella | ) www.businessinsider.com time to read: +12 min

"I don't think they lack for anything that they need," Lyle Goldstein, director of Asia engagement at Defense Priorities, said of China's forces. Military forces are being deployed nearer to Taiwan than ever, effectively shortening Taiwan's reaction time. Stockpiling of China's rocket force, too, suggests it would have more than enough missiles and rockets to target Taiwan. One common concern is that as China's military exercises around Taiwan have grown in frequency and size, the line between exercise and potential attack is becoming blurred. Xie Huanchi/Xinhua via Getty ImagesExperts, as well as US and Taiwan lawmakers and military officials, have long debated about the readiness of the People's Liberation Army as China's military is known.

Persons: —, Lyle Goldstein, Stringer China, Xi, Thomas Shugart, who's, Shugart, Goldstein, Mike Studeman, Xi Jinping, Dean Cheng, haven't, Cheng, Xie Huanchi, There's, Kyle Amonson, Dane Egli, Annabelle Chih, Getty Images Goldstein, Joe Biden Organizations: Service, Business, Defense, REUTERS, Taiwan's, Taiwan's Ministry of Defense, US Department of Defense, China Economic, Security, PLA, Patriot, US, Center, New, New American Security, Marine Corps, China Coast Guard, Scarborough, ROSA, Military, of Naval Intelligence, Pacific Command, US Institute of Peace, of, People, Getty Images, People's Liberation Army, CCP, Soviet, Center for Strategic, International Studies, Japan, US Coast Guard, Chinese Communist Party, Democratic Progressive Party, Kyodo, Stills Locations: China, Taiwan, Asia, Liaoning, Beijing, New American, AFP, Hong Kong, Xinhua, DoD's China, Cuba, US, Tainan, Japan, Philippines

☆ Blinken says U.S. and China must avoid miscalculations as Beijing warns against 'red lines'
▼ + stars: | 2024-04-26 | by ( Sumathi Bala | ) www.cnbc.com time to read: +1 min

US Secretary of State Antony Blinken (L) shakes hands with China's Director of the Office of the Central Foreign Affairs Commission Wang Yi at the Diaoyutai State Guesthouse in Beijing on June 19, 2023. (Photo by Leah MILLIS / POOL / AFP) (Photo by LEAH MILLIS/POOL/AFP via Getty Images)Secretary of State Antony Blinken on Friday emphasized the need for the U.S. and China to avoid "miscalculations" and "misunderstandings." Speaking in Beijing ahead of a closed-door meeting with Chinese Foreign Minister Wang Yi, Blinken said there is no substitute for "face-to-face diplomacy." Both sides need to make sure "that we're as clear as possible about the areas where we have differences, at the very least to avoid misunderstandings, to avoid miscalculations," he told reporters. In his remarks, Wang told Blinken that U.S.-China relations are "beginning to stabilize" with increased dialogue and cooperation.

Persons: Antony Blinken, Central Foreign Affairs Commission Wang Yi, Leah MILLIS, LEAH MILLIS, Wang Yi, Blinken, Wang, Joe Biden, Xi Jinping, Xi —, — Biden Organizations: Central Foreign Affairs Commission, Getty Images, U.S, Foreign, Economic Cooperation Locations: Diaoyutai, Beijing, China, Washington, San Francisco, Asia, U.S

☆ Bank of Japan needs to hike rates again as they're at an 'absurdly low level,' economist says
▼ + stars: | 2024-04-26 | 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 EmailBank of Japan needs to hike rates again as they're at an 'absurdly low level,' economist saysRob Carnell, Asia-Pacific chief economist and head of research at ING, says the central bank has its "work cut out" for it.

Persons: Rob Carnell Organizations: Email Bank of Japan, ING Locations: Asia, Pacific

☆ European markets set to open higher as positive momentum returns
▼ + stars: | 2024-04-26 | by ( Karen Gilchrist | ) www.cnbc.com time to read: 1 min

European markets were poised to open higher Friday, regaining momentum after a dip in yesterday's session. The pan-European benchmark Stoxx 600 index ended Thursday's session lower as investors digested a slew of first-quarter earnings, as well as a potential mining takeover bid. Looking ahead, corporate releases on Friday come from L'Oreal, TotalEnergies and NatWest. Asia-Pacific markets were higher after the Bank of Japan kept its benchmark policy rate at 0%-0.1%, as expected. Meanwhile, U.S. stock futures rose overnight as Big Tech names Alphabet and Microsoft saw shares rally on strong earnings.

Organizations: L'Oreal, TotalEnergies, NatWest, Bank of Japan, U.S, Big Tech, Microsoft Locations: Asia, Pacific

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

☆ Asia was most impacted by extreme weather and climate in 2023, UN report shows
▼ + stars: | 2024-04-26 | by ( Dylan Butts | ) www.cnbc.com time to read: +3 min

Sarote Pruksachat | Moment | Getty ImagesAsia was the most disaster-hit region in the world last year as extreme weather and climate threats intensified amid global warming, according to the World Meteorological Organization, the UN's weather agency. According to a NASA report, increased temperatures are associated with variations in precipitation and increased frequency of both drought and extreme water events. watch nowWhile WMO found that much of Asia suffered from a substantial lack of precipitation in 2023, there were also many extreme weather events associated with heavy rainfall and flooding. The WMO report noted that a lack of rainfall could also have detrimental effects on drinking water sources, agriculture, industry, and hydropower. Authors of the report argued the data confirms the need for early warning systems for extreme weather and more disaster risk reduction to mitigate losses and damage caused by climate change in the future.

Persons: Sarote, Celeste Saulo, Saulo, heatstroke Organizations: Asia, World Meteorological Organization, NASA, WMO Locations: Asia, Siberia, China, Japan, Kazakhstan, India, —, Beijing

☆ Yen at its weakest in decades as BOJ meets
▼ + stars: | 2024-04-26 | by ( ) www.cnbc.com time to read: +3 min

The yen was parked by a 34-year low on the dollar and decade lows on other crosses ahead of a Bank of Japan meeting where interest rates are expected to stay low, while the dollar dipped elsewhere on softer-than-expected U.S. growth data. The yen , however, fell to its weakest since 1990 at 155.75 per dollar, tracking a sharp rise in U.S. yields as separate figures showed a surge in an inflation measure. The size and persistence of the yield gap has encouraging short yen positions and drives Japanese money into dollar assets such as Treasuries, weighing on the currency. The Bank of Japan already hiked rates at a landmark meeting in March where it ended years of negative interest rates. The New Zealand dollar was a touch firmer in Asia morning trade at $0.5960 and has gained in the previous four sessions.

Persons: —, Shunichi Suzuki, Nathan Swami, I'm, Sterling Organizations: Bank of Japan, Japanese Finance, Bank of, Citi's, New Zealand Locations: Asia, Bank of Japan, Citi's Asia, Pacific, Singapore

Asia-Pacific markets were mixed on Friday as investors in Asia look to the Bank of Japan's policy decision and inflation figures out of Tokyo. Thirteen economists polled by Reuters unanimously forecast that the BOJ will leave its monetary policy unchanged. Tokyo's headline inflation rate for April came in at 1.8%, slowing from the 2.6% in March. Core inflation in the capital — which strips out prices of fresh food — sharply fell to 1.6% from March's 2.4%, missing expectations of 2.2% from economists polled by Reuters. Tokyo inflation data is widely considered as a leading indicator of nationwide trends.

Persons: Cherry Organizations: Nippon Budokan, Bank of, Reuters Locations: Tokyo, Japan, Asia, Pacific

☆ Xi Meets Blinken With Tough Issues on the Agenda
▼ + stars: | 2024-04-26 | by ( Ana Swanson | Vivian Wang | ) www.nytimes.com time to read: +1 min

Both China and the United States have said they were hoping for progress on a few smaller, pragmatic fronts, including improving communications between their militaries and easing travel between the countries. But they remain at a standstill on fundamental strategic issues, including trade policies and territorial conflicts in the South China Sea and over Taiwan. And with other disputes looming, both sides acknowledged the danger of the relationship sliding into further conflict. The Biden administration is deeply concerned that cheap Chinese exports are threatening U.S. jobs, and is worried about China’s support of Russia in the Ukrainian war. And China has accused the United States of working to encircle Chinese interests in the Pacific.

Persons: Antony J, Blinken, Xi Jinping, Biden Locations: Beijing, East Asia, East, Ukraine, China, United States, South, Taiwan, Russia, Pacific

☆ Committee Stocks on the Move: Caterpillar, Union Pacific and ServiceNow
▼ + stars: | 2024-04-25 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCommittee Stocks on the Move: Caterpillar, Union Pacific and ServiceNowThe Investment Committee discuss some of their stocks on the move.

Organizations: Caterpillar, Union Pacific, Investment

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

☆ Biden signs foreign aid bill providing crucial military assistance to Ukraine
▼ + stars: | 2024-04-24 | by ( Michael Williams | Arlette Saenz | ) edition.cnn.com time to read: +2 min

Washington CNN —President Joe Biden on Wednesday signed into law an aid package providing crucial military assistance to Ukraine, capping months of negotiations and debate. The aid package, passed by the Senate late Tuesday evening and worth $95 billion in total, includes nearly $61 billion in aid to Ukraine, $26 billion for Israel and $8 billion for the Indo-Pacific. Hardline House conservatives opposed further US funding to Kyiv and threatened to oust Johnson over his handling of the negotiations. Conservatives in Congress have opposed additional assistance for what they view as an unwinnable war. Earlier this year, Biden signaled his intentions to make significant immigration-related concessions if Congress were to move forward with the aid bill.

Persons: Joe Biden, Volodymyr Zelensky, Mike Johnson, Johnson, Biden, Bill Burns, Donald Trump, Trump, Sen, Bernie Sanders, ” Sanders, Benjamin ] Organizations: Washington CNN, Senate, House Republican, Conservatives, Congress, CIA, Ukraine, Republicans Locations: Ukraine, Israel, United States, Kyiv, Europe, Russia, Gaza

☆ Biden’s controversial ‘cannibalism’ remarks meet pushback in Papua New Guinea
▼ + stars: | 2024-04-24 | by ( Heather Chen | ) edition.cnn.com time to read: +4 min

“President Biden’s remarks may have been a slip of the tongue; however, my country does not deserve to be labeled as such,” Marape said. While cannibalism was documented among remote tribes in the region in the mid-20th century, Papua New Guinea has struggled to shed stereotypes in more recent decades, and Biden’s comments were met with criticism inside the country. “These apparent untrue remarks by the sitting President is a low point in our bilateral relations,” Tkatchenko said. “He got shot down in an area where there were a lot of cannibals in New Guinea at the time. When asked about the remarks, the White House did not repeat Biden’s assertions about cannibals or his uncle’s plane being shot down.

Persons: Joe Biden’s, Biden, Ambrose Finnegan’s, James Marape, Biden’s, ” Marape, ”, Justin Tkatchenko, Washington, ” Tkatchenko, Marape, “, Ambrose Finnegan, ” “, Finnegan “ Organizations: CNN, Papua New Guinea, Allied, Australian, Embassy, Moresby, Defense POW, Agency Locations: Papua New Guinea, Pacific, New Guinea, Papua New, Port Moresby, Beijing, United States, ”, U.S, Pennsylvania

☆ Don't bet against Zuckerberg: Meta's earnings-driven stock slide is an opportunity
▼ + stars: | 2024-04-24 | by ( Zev Fima | ) www.cnbc.com time to read: +11 min

META YTD mountain Meta Platforms YTD We obviously don't like what we are seeing after hours in the stock. While expecting a similar dynamic to play out now with AI investments, Zuckerberg fully expects the end result to be similar as the team scales its offerings and then begins to monetize the investments. Regarding shareholder returns, the company repurchased $14.6 billion worth of stock during the quarter while returning another $1.3 billion via dividends. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. The logo of the U.S. company created by Mark Zuckerberg, Meta is displayed during the Viva Technology conference at Parc des Expositions Porte de Versailles on June 15, 2023 in Paris, France.

Persons: That's, Mark Zuckerberg, we'll, Zuckerberg, China's ByteDance, we've, we're, it's, ChatGPT, Jim Cramer, Joe Biden, Jim, Jim Cramer's, Porte de Versailles Organizations: Revenue, LSEG, Zuckerberg, China's, Meta, Microsoft, Electric, Realty Labs, Daily, People, CNBC, U.S ., Viva Technology, Parc, Chesnot, Getty Locations: U.S, Asia, Pacific, Paris, France

This month, President Biden threw one of the most lavish state dinners in Washington’s recent memory. Celebrities and billionaires flocked to the White House to dine in honor of Prime Minister Fumio Kishida of Japan, posing for photos in front of an elaborate display of Japanese fans. The spectacle was part of a carefully orchestrated series of events to showcase the renewed U.S.-Japan relationship — and the notable transformation of the United States’ security alliances in Asia. Over the past several years, Washington has built a series of multilateral security arrangements like these in the Asia-Pacific region. Although U.S. officials claim that the recent mobilization of allies and partners is not aimed at China, don’t believe it.

Persons: Biden, Fumio Kishida, Jeff Bezos, Paul Simon, —, Ferdinand Marcos Jr, Kishida Organizations: United Locations: Japan, U.S, United States, Asia, Philippines, China, Washington, Pacific, South China, Taiwan Strait

☆ Inside the White House’s monthslong push for Ukraine aid
▼ + stars: | 2024-04-24 | by ( Arlette Saenz | ) edition.cnn.com time to read: +11 min

Sullivan followed up four days later with a call to Johnson to highlight the measures in place to track aid in Ukraine. They spoke often with Johnson’s staff, including meetings at the White House and on Capitol Hill. Meanwhile, White House chief of staff Jeff Zients, Ricchetti and Goff spoke with Schumer and Jeffries and their staff almost daily to strategize on how to push Ukraine aid forward. Biden and Johnson spoke by phone the next day as the speaker briefed him on his plan to move the aid package forward. “We discussed the contents of the next US military aid package,” Zelensky said.

Persons: Mike Johnson, Joe Biden, Johnson –, speakership, Biden, Johnson, Vladimir Putin, Jake Sullivan, Shalanda Young, Sullivan, Taiwan –, Hamas, Putin, ” Biden, Hakeem Jeffries, Chuck Schumer, Mitch McConnell, “, ”, Steve Ricchetti, Richetti, Shuwanza Goff, Ricchetti, Goff, Jeff Zients, Schumer, Jeffries, Young, McConnell, Michael McCaul, Intelligence Michael Turner, Bill Burns, Ukraine Bridget Brink, Chip Roy, Texas, Ralph Norman of, Biden’s, Anita Dunn, Jon, Lloyd Austin, Volodymyr Zelensky, Zelensky, National Intelligence Avril Haines, Donald Trump’s, Burns, ” Zelensky Organizations: Washington CNN, Ukraine, White House, GOP, Management, Senate, Biden, Russia, House Democratic, White, Capitol, House Foreign, Intelligence, CIA, Republican, The Defense Department, House Republicans, National Intelligence, Democratic, CNN Locations: Ukraine, Europe, Russia, Israel, Taiwan, Ricchetti, Ralph Norman of South Carolina, Washington ,, Johnson’s

☆ Blinken Goes to China With Potential Trouble on Horizon
▼ + stars: | 2024-04-24 | by ( Vivian Wang | ) www.nytimes.com time to read: +1 min

Secretary of State Antony J. Blinken will arrive in China on Wednesday to try to preserve the recent and delicate stabilization of ties between the United States and China, as tensions over trade, territorial disputes and national security threaten to derail relations again. Even as Mr. Blinken’s plane approached Shanghai, the challenges ahead were apparent. The political season in the United States also looms as a complication. With the presidential election nearing, Democrats and Republicans are vying to appear tougher on China. And if former President Donald Trump is re-elected, he could reverse Beijing’s and Washington’s efforts to steady the relationship.

Persons: Antony J, Blinken, Blinken’s, Biden, Donald Trump Organizations: U.S . Senate, Republicans, State Department Locations: China, United States, Shanghai, Taiwan, Beijing, Russia, South China

☆ The least affordable metro areas for America's middle class—5 of them are in California
▼ + stars: | 2024-04-24 | by ( Celia Fernandez | ) www.cnbc.com time to read: +1 min

California remains one of the most expensive states to live in, according to a recent Creditnews Research study that found America's middle class is being priced out. In the report that asked, "Can America's Middle Class Still Afford Homeownership in 2024? ", the independent research house studied the relationship between income distribution and housing costs across America's 100 most populous metropolitan areas to find the most and least affordable places for the middle class. The least affordable metro areas were almost entirely on the Pacific coast. Five of the 10 least affordable metro areas are in California.

Organizations: Pew Locations: California, United States, San Francisco, San Diego

☆ 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

The top US diplomat landed in Shanghai where he is expected to meet local officials and business leaders, and he will then travel to Beijing for meetings with senior Chinese officials. “We are in a different place than we were a year ago when the bilateral relationship was at an historic low point,” a senior State Department official said. “Russia is no longer kind of on its back foot,” a second senior State Department official said. Blinken will make the case that China should weigh in “more directly” with Iran to be less provocative in the region, the second senior State Department official said. “In both cases the Chinese have taken some early steps,” said the second senior State Department official, adding that there is still “much more” that needs to be done on both fronts.

Persons: Antony Blinken, Joe Biden, Xi Jinping, Janet Yellen, Biden, Xi, ”, “, ” Blinken, Matthew Miller, Leah Millis, China’s, ” Xi, Blinken, ” Miller, it’s, Mark Swidan, Kai Li, David Lin Organizations: CNN, State Department, Ukraine, US, Foreign Ministry, of, People, Biden, Chinese Foreign Ministry, ASEAN, Association of Southeast Asian Nations, Beijing, Party, Taiwan, Communist, Taiwan Relations, White Locations: China, Ukraine, Shanghai, Beijing, California, Russia, Moscow, Italy, “ Russia, ”, Europe, United States, South China, Philippine, Washington, Philippines, South, Taiwan, Taiwan Strait, East, Iran

☆ Biden signs Israel, Ukraine, TikTok bill into law
▼ + stars: | 2024-04-24 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +1 min

US President Joe Biden speaks after signing the foreign aid bill at the White House in Washington, DC, on April 24, 2024. President Joe Biden on Wednesday signed into law measures to provide aid to Israel, Ukraine and Taiwan, as well as force Chinese TikTok parent company ByteDance to sell the social media platform. It should have been easier and it should've gotten there sooner," Biden said Wednesday after signing the bill. Biden had signaled his intention to sign the bill into law after the House passed the proposal on Saturday. The law earmarks roughly $60 billion in aid for Ukraine, $26 billion for Israel and $8 billion for security in Taiwan and the Indo-Pacific.

Persons: Joe Biden, should've, Biden, TikTok Organizations: White, Capitol, Senate Locations: Washington ,, Israel, Ukraine, Taiwan, America, U.S

☆ AUKUS won't spur a nuclear arms race in the region, says U.S. Under Secretary of State
▼ + stars: | 2024-04-23 | by ( Sumathi Bala | ) www.cnbc.com time to read: +2 min

Tayfun Coskun | Anadolu Agency | Getty ImagesThe trilateral defense and security pact between the Australia, U.K., and U.S. — commonly referred to as AUKUS — is not going to trigger a nuclear arms race in the Indo-Pacific region, said the U.S. China responded at that time, warning of the danger of an arms race as well as nuclear proliferation. watch now"It's very important that countries understand that this is not to create a race — to create any kind of arms' races. Nuclear-powered submarines are allowed under the nuclear non-proliferation treaty and Australia is not going to become a nuclear weapons state," she added. China's responseChina reiterated its warning that Western powers in the AUKUS security pact are provoking division and risking nuclear proliferation in the South Pacific in its latest remarks.

Persons: Joe Biden, Rishi Sunak, Anthony Albanese, Tayfun, Bonnie Denise Jenkins, Jenkins, Wang Wenbin, presser Organizations: Naval Base Point, Anadolu Agency, Getty, U.S, for Arms Control, International Security, International Atomic Energy Agency, South Pacific, Pacific Nuclear, Foreign Locations: Australia, United Kingdom, United States, Naval Base Point Loma, San Diego , California, China, South

☆ PepsiCo earnings beat estimates as international demand boosts sales
▼ + stars: | 2024-04-23 | by ( Amelia Lucas | ) www.cnbc.com time to read: +3 min

PepsiCo on Tuesday reported quarterly earnings and revenue that beat analysts' expectations, despite a recall of some Quaker Foods cereal and bars that dented U.S. volume. The company's organic revenue, which excludes acquisitions, divestitures and foreign exchange, increased 2.7% in the quarter. The company's food division saw its volume decrease 0.5%, while its beverage segment reported flat volume. The Quaker Foods recall dented Pepsi's organic volume by roughly 1%. For the full year, the company is expecting organic revenue will rise at least 4% and core constant currency earnings per share will climb at least 8%.

Organizations: Pepsi, Brooklyn borough New, PepsiCo, Quaker, LSEG, Gatorade, North, Quaker Food, Quaker Oats, Frito, Lay Locations: Flatbush, Brooklyn borough, Brooklyn borough New York City, Quaker, America, U.S, Asia Pacific, Australia, New Zealand, China, Europe

☆ India's renewable capacity growth will likely double by the end of the decade, says Goldman Sachs
▼ + stars: | 2024-04-23 | 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 EmailIndia's renewable capacity growth will likely double by the end of the decade, says Goldman SachsNikhil Bhandari, co-head of Asia-Pacific natural resources and clean energy at Goldman Sachs, says grid will be a "critical factor."

Persons: Goldman Sachs Nikhil Bhandari, Goldman Sachs Locations: Asia, Pacific

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