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☆ China built a mock-up of key area in Taiwan's capital city at a desert training site, satellite images show
▼ + stars: | 2024-03-28 | by ( Chris Panella | ) www.businessinsider.com time to read: +6 min

Satellite images show China's mock-up of Taiwan's presidential office at a desert training site. AdvertisementOut in the desert at a military training site, China has built a mock-up of a key area of Taiwan's capital city where the presidential office and other government buildings are located, satellite images show. Related storiesThe office mock-up was a convincing replica. A general view of the Presidential Office Building in Taipei. People watch a video about China's military advancements at the Military Museum in Beijing on March 3, 2024.

Persons: —, Joseph Wen, Wen, it's, Walid Berrazeg, Chiu Kuo, cheng, John Aquilino, GREG BAKER, Party's Lai Ching, Hou Organizations: Service, Alxa League, Planet Labs, Business, Planet, CCTV, Presidential, Rocket Force, Alxa, US, Pacific Command, US Armed Services House Committee, Military Museum, Getty Images, Democratic, ih Locations: China, Taiwan, Alxa, Mongolia, Taipei, Taiwan's, Zhurihe, Inner Mongolia, Beijing, AFP, Getty Images China, It's

☆ Ford sees opportunity for Mustang as competitors abandon V8 engines
▼ + stars: | 2024-03-27 | by ( Michael Wayland | ) www.cnbc.com time to read: +1 min

DETROIT — Ford Motor sees opportunity to grow Mustang sales as it becomes the last American muscle car with a traditional V8 engine, playing to generations of gearheads who've been drawn to the performance vehicles. The optimism comes after Mustang's closest American competitors ended production of their muscle cars in December. Jeff Marentic, general manager of Ford Blue products, which includes the Mustang, said the pony car remains good business for the automaker both domestically and internationally. "For people who are looking for a true American sports car, it's available to them. … We're looking and talking about the future of Mustang, and how far we can grow it."

Persons: gearheads who've, Stellantis, Jeff Marentic, Marentic Organizations: DETROIT, Ford Motor, General Motors, Chevrolet, Dodge Challenger, Ford, CNBC Locations: American

☆ I visited Mark Cuban's Texas ghost town, and 'Mustang' was more barren and mysterious than I ever imagined
▼ + stars: | 2024-01-13 | by ( Alcynna Lloyd | ) www.businessinsider.com time to read: +2 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewI recently learned that Mark Cuban, the billionaire and former owner of the Dallas Mavericks basketball team, bought an entire "ghost town'" called Mustang for about $2 million in 2021. Mustang is about an hour away from the part of Dallas where I live. But until now, I had never come across it — and it appears that almost nobody in my circles had either. Cuban bought Mustang from principal owner Marty Price, a Dallas attorney and devoted Mavericks season ticket holder, according to NBC News, who spoke with Mike Turner, a real-estate agent who brokered the deal.

Persons: —, Mark Cuban, Forbes, Marty Price, Mike Turner, Price, Turner Organizations: Service, Dallas Mavericks, Business, Mavericks, NBC News, New York Times, Google Locations: Dallas

☆ Taiwan made its choice on who will lead it into an uncertain future as China remains hellbent on controlling it, and tough times may lie ahead
▼ + stars: | 2024-01-13 | by ( Chris Panella | ) www.businessinsider.com time to read: +11 min

Read previewTaiwan has elected its new president, the Democratic Progressive Party's Lai Ching-te, who is also the current Vice President. While experts still assess that an invasion of Taiwan remains unlikely in the near future, that doesn't diminish concerns about other ways China could squeeze the island. AdvertisementTaiwan's Vice President and presidential candidate for the ruling Democratic Progressive Party (DPP) Lai Ching-te (C) casts his ballot to vote on January 13, 2024, in Tainan, Taiwan. Nevertheless, the win marks the first time a political party in Taiwan has won a presidential election three times in a row. The supporters of Democratic Progressive Party (DPP) cheer at an election campaign on January 12, 2024 in Tainan, Taiwan.

Persons: —, Party's Lai Ching, Lai's, Lai, Tsai Ing, Lai Ching, Tsai, Getty Images Lai, Hou, Ko Wen, Amanda Hsiao, Annabelle Chih, Nancy Pelosi, flack, Annice Lyn, He's, Hsiao, Hao, Hou Yu, Beijing's, Chuan Kang, Xi Jinping, It'll, Joe Biden's, Xi, Biden, it's, BRENDAN SMIALOWSKI Organizations: Service, Democratic, Taiwan, Business, Democratic Progressive Party, Getty Images, ih, Taiwan's People Party, Kuomintang, KMT, Getty, Washington, NBC, US, People's Liberation Army Locations: Taiwan, China, Beijing, Taipei, New Taipei City, AFP, Tainan, Taichung, Taipei , Washington, San Francisco

☆ Vote counting begins in closely watched Taiwan election
▼ + stars: | 2024-01-10 | by ( Clement Tan | ) www.cnbc.com time to read: +9 min

With China intensifying its rhetoric on its claim over Taiwan, global observers are billing this Taiwan election as highly pivotal for security in the Asia-Pacific at a time of testy U.S.-China relations. If Lai and Hsiao win the Jan. 13 vote for the Taiwan presidential office, it would mark the first time any political party has stayed in office for more than two consecutive terms since Taiwan introduced direct presidential elections in 1996. Campaign posters for various legislative member candidates in Taipei, Taiwan, on Wednesday, Dec. 27, 2023. China's Taiwan affairs office has characterized the self-ruled island's election as a choice between "peace and war, prosperity and decline." "China has always meddled whenever there is an election in Taiwan, but this time, it's the most serious."

Persons: Hou Yu, Hei Leung, Ko Wen, policymaking, Tsai Ing, Ko, Cynthia Wu, Jing Bo, jiun, Sam Yeh, Jing, Tsai, Lai Ching, Hsiao, United States —, Lai, Timothy S, Rich, Jaw Shaw, kong, Hou, Kevin Luo, Xi Jinping, Joe Biden, Xi, Biden, Nancy Pelosi, Rong Xu, Democratic Progressive Party Lai Ching, Yasuyoshi Chiba, DPP's Lai, Weeks Organizations: ih, Anadolu, Getty, Democratic Progressive Party, Kuomintang, Taiwan People's Party, China, Local, KMT, Taiwan Studies, University of Oxford, AFP, Taiwan, Rich Western Kentucky University, Taiwan's National Police Agency, New, DPP, University of Minnesota, Western Kentucky University, U.S, China -, APEC, CNBC, Former U.S, Bloomberg, Taiwan's DPP, Beijing, Cross Straits Service Locations: Taichung, Taiwan, Taipei, Asia, Pacific, U.S, China, Hsinchu, United States, Overconfidence, New Taipei City, China - U.S, Beijing, Taiwan Strait, Kaohsiung

☆ Taiwan opposition rushes to register candidates after talks implode on live TV
▼ + stars: | 2023-11-24 | by ( ) www.reuters.com time to read: +3 min

The talks were brokered by the billionaire founder of major Apple supplier Foxconn (2317.TW), Terry Gou, who is running as an independent candidate. In one of the most dramatic moments, the KMT's presidential candidate, Hou Yu-ih, read a private text message from TPP candidate Ko Wen-je in which Ko said Gou needed to "find a reason" to drop out of the presidential race. Hou and Ko will on Friday morning go to the election commission to register their separate presidential runs, ahead of a 0930GMT registration deadline. Gou, who has trailed far behind in the polls, has not said whether he will also register. By contrast, a united DPP has been charging ahead in its election campaign, registering its presidential and vice presidential candidates on Tuesday.

Persons: Terry Gou, Ma Ying, Hou Yu, Eric Chu, Ko Wen, Ko, Hou, Gou, Lai Ching, Lai, Ben Blanchard, Roger Tung, Lincoln, Gerry Doyle Organizations: Taiwan People's Party, ih, Kuomintang, KMT, Democratic Progressive Party, Apple, Thomson Locations: Taiwan, TAIPEI, China

NEW YORK (AP) — The National Book Award longlist for young people's literature features a range of grownup topics, from the deadly famine in Ukraine in the 1930s to the 1963 March on Washington to the underpinnings of the Internet. The list of 10 was announced Wednesday by the National Book Foundation, which also released 10 nominees in literature in translation, with original languages including Korean, Arabic and French. The lists, along with those for fiction, nonfiction and poetry to be announced later this week, will be narrowed next month to five in each category. The winners will be revealed during a Manhattan ceremony Nov. 15. Drew Barrymore had been scheduled to host but was dropped this week by the foundation after she resumed taping her talk show in the midst of the Hollywood writers' strike.

Persons: Drew Barrymore, Katherine Marsh's “, Dan Nott's, Yohuru Williams, Michael G, Long's, Huda, Dan Santat's, ” Kenneth M, Cadow's, ” Alyson Derrick's, Betty C, Tang's, Juan Cárdenas, Lizzie Davis, Bora Chung, ”, Anton Hur, David Diop, Sam Taylor, Jenny Erpenbeck, “, Michael Hofmann, Stênio Gardel, Bruna Dantas Lobato, Khaled Khalifa, Leri Price, Fernanda Melchor, Sophie Hughes, Pilar Quintana's, Lisa Dillman, Astrid Roemer's “, Lucy Scott, Mohamed Mbougar Sarr's, Lara Vergnaud Organizations: National Book Foundation, Hollywood, Jobs, “ Locations: Ukraine, Washington, Manhattan, Ukrainian, Provinces, “, Miami

☆ Biden to host Jennifer Hudson, Wu-Tang's Method Man at Juneteenth concert
▼ + stars: | 2023-06-13 | by ( Andrea Shalal | ) www.reuters.com time to read: +2 min

[1/2] Method Man (C) and Streetlife (R) of rap band Wu-Tang Clan perform at the Montreux Jazz Festival July 18, 2007. REUTERS/Denis Balibouse (SWITZERLAND)/File PhotoWASHINGTON, June 13 (Reuters) - President Joe Biden will host the White House's first big Juneteenth celebration, a concert featuring performances by Oscar-winning singer Jennifer Hudson, hip-hop group Wu-Tang Clan's Method Man and marching bands from historically black universities in Tennessee and Maryland. Other performers include dance group Step Afrika!, singer Ledisi, choirs from more historically black colleges and universities, and a Broadway choir. Biden declared Juneteenth - a portmanteau of June and 19th, also known as Emancipation Day - a federal holiday in 2021. U.S. presidents dating back to George W. Bush have marked Juneteenth from the White House, often with a somber statement.

Persons: Wu, Tang Clan, Denis Balibouse, Joe Biden, Oscar, Jennifer Hudson, Tang, Kamala Harris, Biden, Ledisi, Karine Jean, Pierre, it's, Juneteenth, Abraham Lincoln's, George W, Bush, Andrea Shalal, Heather Timmons, Leslie Adler, Bill Berkrot Organizations: Montreux Jazz, REUTERS, WASHINGTON, White, Morgan State University, Tennessee State University, Thomson Locations: SWITZERLAND, Tennessee, Maryland, Baltimore, Nashville, Texas, Washington

☆ Biden hosts Jennifer Hudson, Wu-Tang's Method Man at Juneteenth concert
▼ + stars: | 2023-06-13 | by ( ) www.reuters.com time to read: +1 min

[1/2] Method Man (C) and Streetlife (R) of rap band Wu-Tang Clan perform at the Montreux Jazz Festival July 18, 2007. REUTERS/Denis Balibouse (SWITZERLAND)/File PhotoWASHINGTON, June 13 (Reuters) - President Joe Biden on Tuesday evening is hosting the White House's first big Juneteenth celebration, a concert featuring performances by Oscar-winning singer Jennifer Hudson, hip-hop group Wu-Tang Clan's Method Man and marching bands from Tennessee and Maryland. Biden will address guests at the South Lawn event at 7:00 pm EDT (2300 GMT), which the White House has described as a "celebration of community, culture and music." Biden will welcome "community leaders, lawmakers, students educators and hundreds of others to the White House for a historic Juneteenth celebration," White House press secretary Karine Jean-Pierre said. U.S. presidents dating back to George W. Bush have marked Juneteenth from the White House, often with a somber statement.

Persons: Wu, Tang Clan, Denis Balibouse, Joe Biden, Oscar, Jennifer Hudson, Tang, Biden, Ledisi, Karine Jean, Pierre said, Abraham Lincoln's, George W, Bush, Andrea Shalal, Heather Timmons, Leslie Adler, Bill Berkrot Organizations: Montreux Jazz, REUTERS, WASHINGTON, White, Thomson Locations: SWITZERLAND, Tennessee, Maryland, Texas, Washington

☆ BlackRock's China head Tang leaving the company
▼ + stars: | 2023-06-06 | by ( Selena Li | ) www.reuters.com time to read: +1 min

HONG KONG, June 6 (Reuters) - BlackRock Inc's (BLK.N) head of China business, Tony Tang, is leaving the asset manager, the company said on Tuesday, after having played a key role in expanding operations in the world's second-largest economy. Susan Chan, BlackRock's deputy head of Asia Pacific and head of Greater China, is now directly overseeing its China onshore business, the company said. "China represents a significant opportunity for BlackRock to contribute to the financial futures of a new generation of investors," the company said. Tang, a former Chinese securities regulatory official, started as BlackRock's China business head in 2019, and has been one of the top aides to CEO Larry Fink. During Tang's tenure as China head, BlackRock established a wholly-owned China fund management unit and a joint venture with China Construction Bank and Temasek offering wealth management services to Chinese investors.

Persons: Tony Tang, Tang, Susan Chan, BlackRock's, Chan, Larry Fink, Selena Li, Kim Coghill, Edmund Klamann Organizations: BlackRock, Asia Pacific, China Construction Bank, Temasek, Thomson Locations: HONG KONG, China, Greater China, New York

☆ Riding with the woman in charge of America’s last muscle car
▼ + stars: | 2023-04-22 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +6 min

I could take a ride in what will soon be America’s last gasoline-powered muscle car with the woman who’s in charge of getting it into production and onto the street. Courtesy FordTransou and others at Ford will tell you there is an electric Mustang, the Mustang Mach-E SUV. As we took off, there was a burst of speed and throaty V8 engine noise as we blasted down Manhattan’s 10th Avenue. First, it’s the only actual car Ford currently sells in the United States. About 40% of V8 Mustang buyers get a manual transmission, she said, going for that truly classic driving experience.

☆ A startup is reviving the classic 1967 Mustang as a brand-new, $450,000 electric sports car
▼ + stars: | 2022-11-10 | by ( Tim Levin | ) www.businessinsider.com time to read: 1 min

Range is estimated at 200 miles, less than most new EVs on the market. Osy de Zegwaart said the car's battery capacity was limited by the Mustang's size. Plus, customers probably won't travel all that far in the '67 anyway, he said. The '67 by Charge Cars. Charge Cars

☆ Why Ford is keeping its Mustang gas-powered as part of its electric vehicle push
▼ + stars: | 2022-09-16 | by ( Michael Wayland | ) www.cnbc.com time to read: +5 min

That's because despite the EV transition, Mustang is sticking with gas-powered engines for the seventh-generation vehicle in 2024. "People are leaving the segment, like Dodge, so we have a chance to really present something new about Mustang," Farley said following the 2024 Mustang debut. Farley and Ford Chair Bill Ford declined to say whether the seventh-generation Mustang is expected to be the last gas-powered version of the car. The Mach-E, which shares little to nothing with the gas-powered Mustang other than a name, has led Ford to become the second bestselling brand of EVs in the country. U.S. President Joe Biden stands next to a Ford Mustang Mach-E (electric) SUV during a visit to the Detroit Auto Show, to highlight electric vehicle manufacturing in America, in Detroit, Michigan, September 14, 2022.

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