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☆ I quit Amazon after I cracked the code for promotions. It took me 14 years to become a principal engineer — here's how.
▼ + stars: | 2024-09-19 | by ( Tess Martinelli | ) www.businessinsider.com time to read: +8 min

After multiple swift promotions that led me to become a senior software engineer by 2012, I found myself in a career rut. He knew of a job opening at Amazon for a support engineer role and guaranteed me he could snag me an interview. I slowly networked my way into monthly software engineer meetings and steadily expanded my frontier of exposure within the group. Then I asked my new software engineer friends to give me mock interviews. I miss writing code.

Persons: —, Steve Huynh, there's, didn't, I'd, Tess Martinelli Organizations: Service, Business, University of Washington, Amazon, Software, Ticketmaster, YouTube, Big Tech Locations: Seattle , Washington, tmartinelli

Di Bari is one of thousands of residents attempting to rebuild her home and business amid a flurry of instability. Courtesy Qiana and Michele Di BariToday, many Lahaina residents who lost their homes are still displaced as they scramble from one temporary shelter to another. “The true thing about Lahaina people is you cannot take Lahaina people out of Lahaina,” Nahoo’ikaika said. A man walks past wildfire wreckage in Lahaina, Hawaii, on Aug. 9, 2023. A rainbow is seen from Put Kukui mountain over burned cars and buildings in Lahaina, Hawaii, on Aug. 13, 2023.

Persons: restauranteur Qiana Di, Michele, Di, Qiana Di, Pepe, Michele Di Bari, ”, Jamie Nahoo’ikaika, Sale Pepe, Jaret, Levi, King Kamehameha III, Di Bari, Baris, Nahoo’ikaika, James Tokioka, Tiffany Kidder Winn, Lisa Grove, —, Josh Green, Kalama McEwen, he's, McEwen, Mengshin Lin, Cindy Canham, you’ve, Canham, Whaler’s, Jimmy Carter, she'll Organizations: Di Bari, NBC, FEMA, NBC News, Tourism, Maui, Hawaii Department of Business, Economic, Rural Health Association, The Washington, Getty Locations: Lahaina, Hawaii, restauranteur Qiana Di Bari, Maui, Italian, Di Bari, Paradise , California, Qiana Di Bari, New York, “, Lahaina , Hawaii, Hawaiʻi, ”, Texas, Kihei

☆ Spicy dispute over the origins of Flamin’ Hot Cheetos winds up in court
▼ + stars: | 2024-07-26 | by ( Michael Nam | ) edition.cnn.com time to read: +2 min

AP —A court case could soon settle a spicy dispute: Who invented Flamin’ Hot Cheetos? In 1991, Montañez asked for a meeting with PepsiCo CEO Roger Enrico to pitch his spicy Cheetos, confident they would be a hit with the Latino community. Enrico granted the meeting, liked the presentation and directed the company to develop spicy Cheetos, according to the lawsuit. PepsiCo introduced Flamin’ Hot Cheetos in 1992. He published a memoir in 2021 and his life story was made into a movie, “Flamin’ Hot,” in 2023.

Persons: Richard Montañez, Montañez, Roger Enrico, Enrico, Fritos, –, ” Montañez Organizations: PepsiCo, Los Angeles Times Locations: California, Ranch Cucamonga , California, Mexico, Southern California

Some of the most important factors to consider when buying a house are price, size, and location. Location and neighborhoodLocation is something you're stuck with until you move, so be sure you're choosing a city, school district, and neighborhood that suits your needs. If homes are flying off the shelves, you'll need to be prepared to make fast offers that get noticed right off the bat. If the appraisal comes in lower than what you offer, you'll have to make up the difference or renegotiate with the seller. Evaluating a house's resale potential is critical, as you want to be sure you're making a smart investment of your money.

Persons: Glen Pizzolorusso, Hope, that's, they're, it's, you've, they'll, you'll Organizations: Glen Christopher Luxury, Facebook, Energy Locations: Connecticut, Chevron

☆ California put up its fast-food wage to $20. Its governor is adamant it's not causing employment to fall.
▼ + stars: | 2024-07-05 | by ( Grace Dean | ) www.businessinsider.com time to read: +5 min

But BLS data shows that employment in California's limited-service restaurant industry dips in the winter. Related storiesThe BLS data includes employment at all limited-service restaurants, including those exempt from the new minimum wage. The year-over-year growth in limited-service restaurant employment is a continuation of a trend seen before the pandemic, too, with total employment in the industry growing every year. AdvertisementThe $20 minimum wage was introduced to support workers in a state with a notoriously high cost of living. Have you been affected by California's new $20 minimum wage?

Persons: —, Gavin Newsom, Newsom, Newsom's, Tom Manzo, It's Organizations: Service, Business, California, Industrial Alliance, Hoover Institution, Stanford University, Wall Street, California Employment Development Department, US Bureau of Labor Statistics, BLS Locations: California, USA

☆ China’s ‘military readiness’ questioned with dramatic downfall of two defense ministers
▼ + stars: | 2024-07-01 | by ( Nectar Gan | ) edition.cnn.com time to read: +9 min

At the height of their careers, former defense ministers Li and Wei often struck a tough tone before the world’s top military officials. Former Defense Ministers Li Shangfu and his predecessor Wei Fenghe have both been expelled from the Communist Party over corruption allegations. Most of the generals dismissed or disappeared without explanation last year were linked to the Rocket Force or military equipment, including Li and Wei. An engineer by training, the 66-year-old spent decades launching rockets and satellites in southwest China before being promoted to the PLA headquarters to deal with military equipment procurement. “The gun barrel must always be held in the hands of those who are loyal and reliable to the party,” Xi told the PLA elites.

Persons: Hong Kong CNN —, Xi, Li Shangfu, Wei Fenghe, Xi Jinping, Li, Wei, “, James Char, ”, Former Defense Ministers Li Shangfu, Wei’s, Joel Wuthnow, ” Wuthnow, ” Char, Weidong, Char, Jason Lee, Xu Caihou, Guo Boxiong, Xu, Guo, Wuthnow, Jiang Zemin, haven’t, ” Wei, Li “, Bill Bishop, ” Xi Organizations: Hong Kong CNN, Communist Party, People’s Liberation Army, PLA, Rajaratnam, of International Studies, Former Defense Ministers, AP, Reuters, Rocket Force, Development Department, Second Artillery Corps, Pentagon, National Defense University, CCP, China’s Naval University of Engineering, Central Military Commission, Military, People's, CMC, Communist Locations: China, Hong Kong, Taiwan, United States, Singapore, People's Republic of China, Beijing, Yan’an

☆ China will restrict exports of some aviation, aerospace equipment to 'safeguard national security'
▼ + stars: | 2024-05-31 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com time to read: +1 min

SHANGHAI, CHINA - DECEMBER 09: Captain Zhao Hongbing waves a Chinese national flag after the first C919 large passenger aircraft of China Eastern Airlines landed at Shanghai Hongqiao International Airport on December 9, 2022 in Shanghai, China. (Photo by Yin Liqin/China News Service/VCG via Getty Images)China on Thursday said it will restrict the exports of certain aviation and aerospace components and technologies starting July 1, citing the need to "safeguard national security." The new regulations seek to better protect national security and fulfill international obligations such as non-proliferation, a spokesperson from the Ministry of Commerce said in a statement. The notice was jointly announced with the General Administration of Customs as well as the Equipment Development Department of the Central Military Commission. Exports of items including equipment, software and technologies related to aerospace structural components, engine manufacturing and manufacturing of gas turbines will require export licenses.

Persons: Zhao Hongbing, Yin Liqin Organizations: China Eastern Airlines, Shanghai Hongqiao, China News Service, Getty Images, Ministry of Commerce, Administration of Customs, Equipment Development Department of, Central Military Commission Locations: SHANGHAI, CHINA, Shanghai, China

☆ As Tesla layoffs continue, here are 600 jobs the company cut in California
▼ + stars: | 2024-05-17 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +4 min

In an aerial view, brand new Tesla cars sit parked in a lot at the Tesla Fremont Factory on April 24, 2024 in Fremont, California. Faced with weakening demand for Tesla EVs and increased competition, the company has been slashing headcount since at least January. Previous filings revealed that Tesla would cut more than 6,300 jobs across California, Austin, Texas and Buffalo, New York. The WARN filing shows that to be the case, with many cut from the team at Tesla's Hanover Street location in Palo Alto. Read the latest WARN filing in California here:

Persons: —, Elon Musk, Tesla, Musk, Kato, CNBC's David Faber Organizations: Fremont Factory, California Employment Development Department, CNBC, Tesla, Tesla's, American, Twitter Locations: Fremont , California, California, Fremont, Palo Alto, Austin , Texas, Buffalo , New York, Tesla's Hanover, China, robotaxis, U.S

☆ Apple layoffs are a sign Tim Cook is getting a little more serious
▼ + stars: | 2024-04-05 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +1 min

Things are getting a bit more serious this year over at Apple. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThings have been getting a little more serious over in Cupertino this year for Tim Cook. The latest sign of the mood change came Thursday after it emerged that Apple had laid off over 600 employees in California. That's especially so when considering that Apple had about 161,000 full-time employees at the end of its last fiscal year.

Persons: —, Tim Cook Organizations: Apple, Service, California Employment Development Department, Bloomberg, Apple's Big Tech Locations: Cupertino, California

☆ Strong economic growth but high unemployment: A look at Nevada’s economy
▼ + stars: | 2024-02-08 | by ( Alicia Wallace | Tami Luhby | ) edition.cnn.com time to read: +13 min

In Las Vegas, the cacophony of voices, music, ringing slot machines and car horns that typically pulsed through the Las Vegas Strip was replaced by silence, the chirps of birds and the wails of sirens. In tourism-dependent Nevada, the unemployment rate rocketed even higher, topping out at 30.6% that month. “This is an unemployment rate that’s not driven by job losers, this is an unemployment rate driven by job seekers,” he said. Homes under construction in the Summerlin community, on July 31, 2023, in Las Vegas, Nevada. As of December 2023, the Reno metro area’s unemployment rate was just 0.2 percentage points above the nation’s 3.7% rate.

Persons: John Simpson, Steve, Sisolak, ” Simpson, It’s, ”, they’re, I’ve, Stephen M, Miller, Mario Tama, Bob Potts, there’s, There’s, Nevadans, Annie E, Casey Foundation’s, Jamelle Nance, Marty Elquist, ” Elquist, “, Andrew Woods, Nicholas Irwin, Start’s Simpson, Irwin, Ethan Miller, Maurice Page, Page, Tesla, ” Potts, Carolyn Cole, Potts, You’ve, you’ve Organizations: CNN, Las, Republican Party, of Labor Statistics, University of Nevada, Lee Business School’s Center for Business, Economic Research, New York, Nevada Governor’s, Economic, Las Vegas, New, Workforce, Children’s, Alliance of Nevada, Education, Development, Silver State, Center for Business, UNLV, Reno, ”, Homes, Nevada Housing Coalition, Harvard University’s, for Housing Studies, Silver, Means, Reno Industrial Park, Apple, Panasonic, Google, Reno Industrial, Los Angeles Times, NCAA, NFL, NFL Pro Bowl Locations: Nevada, Las Vegas, Reno, ” Nevada, State, New York, New, Las, New Mexico, Vegas, “ Nevada, Silver, UNLV . Nevada, California, Sparks, Las Vegas , Nevada, Florida, Hawaii, Clark County, Sparks , Nevada, New Orleans, Denver, Southern Nevada, Northern Nevada, Los Angeles

☆ Defying Pope's calls for climate action, US Catholic bishops cling to fossil fuels
▼ + stars: | 2023-11-29 | by ( Richard Valdmanis | ) www.reuters.com time to read: +9 min

The ongoing investments in the U.S. reflect a long-running rift between U.S. Catholic bishops and the pope on how to address global warming. The pope's Laudato Si encyclical urged immediate action against climate change, declaring that "highly polluting fossil fuels need to be progressively replaced without delay." The Vatican bank, which is separate from APSA, also does not invest in fossil fuels, a bank official said. Notably absent are any dioceses in the U.S.Reuters reviewed the financial reports published by two dozen of the nation's more than 170 Catholic dioceses, including several of its largest, and found that few provide details on specific investments. He called the enormous financial gains by oil companies "immoral profits."

Persons: Pope Francis, Remo Casilli, Dan DiLeo, Peter Marlow, Anne, Marie Welsh, William Lori, Joshtrom Kureethadam, Chieko Noguchi, Noguchi, USCCB, Sabrina Danielsen, Danielson, Richard Valdmanis, Philip Pullella, John Mair, Suzanne Goldenberg Organizations: Catholic, drillers, U.S . Conference of Catholic Bishops, Catholic Church, Reuters, Justice, Peace, Creighton University in, Vatican, Opportunity Fund, Collective Investment, Archdiocese, Development, American Petroleum Institute, Christian Brothers Investment Service, Investment, BP, Shell, Creighton University, U.S, Thomson Locations: United States, Dubai, Creighton University in Nebraska, U.S, APSA, Vatican, Ireland, Germany, Archdiocese, Boston, Chicago, San Francisco, Erie , Pennsylvania, Texas, San Antonio, Austin, Fort Worth . Erie, Erie, Baltimore, Paris, Saudi Aramco, PetroChina, India, Vatican City, Berlin, Sydney

☆ Insight: Defying Pope's calls for climate action, US Catholic bishops cling to fossil fuels
▼ + stars: | 2023-11-29 | by ( Richard Valdmanis | ) www.reuters.com time to read: +10 min

The ongoing investments in the U.S. reflect a long-running rift between U.S. Catholic bishops and the pope on how to address global warming. The pope's Laudato Si encyclical urged immediate action against climate change, declaring that "highly polluting fossil fuels need to be progressively replaced without delay." The Vatican bank, which is separate from APSA, also does not invest in fossil fuels, a bank official said. A CCF official said energy and fossil fuels stocks make up between 3.5% and 6% of archdiocese investment funds, and that CCF uses its shareholder status to press for corporate environmental improvements. He called the enormous financial gains by oil companies "immoral profits."

Persons: Pope Francis, Dan DiLeo, Peter Marlow, Remo Casilli, Anne, Marie Welsh, William Lori, Bernard Hebda, Saint, Joshtrom Kureethadam, Chieko Noguchi, Noguchi, USCCB, Sabrina Danielsen, Danielson, Richard Valdmanis, Philip Pullella, John Mair, Suzanne Goldenberg Organizations: Catholic, drillers, U.S . Conference of Catholic Bishops, Catholic Church, Reuters, Justice, Peace, Creighton University in, Vatican, Opportunity Fund, Collective Investment, Archdiocese, Minneapolis, Catholic Community Foundation of Minnesota, CCF, Development, American Petroleum Institute, Christian Brothers Investment Service, Investment, BP, Shell, Creighton University, U.S, Thomson Locations: United States, Dubai, Creighton University in Nebraska, U.S, APSA, Vatican, Ireland, Germany, Archdiocese, Boston, Chicago, San Francisco, Erie , Pennsylvania, Texas, San Antonio, Austin, Fort Worth . Erie, Erie, Baltimore, Saint Paul, Paris, Saudi Aramco, PetroChina, India, Vatican City, Berlin, Sydney

Beijing CNN —China’s Defense Minister Li Shangfu was fired on Tuesday two months after he disappeared from public view, becoming the second high-profile minister to lose his job recently without any official explanation. Li, who was appointed defense minister in March, has not been seen in public since late August, fueling intense speculation about his fate. Li’s ousting, ironically, has removed a major roadblock for the resumption of high-level military talks between China and the United States. The Financial Times also reported that the US government believes the defense minister has been placed under investigation, citing American officials. Li is believed to be a protege of General Zhang Youxia, Xi’s childhood friend and closest ally in the military.

Persons: Li Shangfu, Li, Xi Jinping, –, outranks, Qin Gang, Qin, Xi, Li’s, won’t, “, General Zhang Youxia, Zhang Organizations: Beijing CNN — China’s, Central Military, National People’s Congress, Foreign, Qin, Communist, of, People, Xinhua News Agency, Getty, PLA Rocket Force, Street Journal, The Financial Times, Defense Ministry, Central Military Commission, Development Department, Rocket Force, Equipment Development Department, Security Forum Locations: Beijing, China, United States, Sichuan, Africa, Russia, Belarus

Six major candidates — four Republicans, one Democrat and one independent — are vying for the seat that is being vacated by Gov. With Edwards unable to run due to consecutive term limits, the election opens a huge opportunity for Republicans to win Louisiana’s top position. Louisiana is one of three states with a gubernatorial election this fall, along with Mississippi and Kentucky. State Rep. Richard Nelson withdrew from the race in September and endorsed Landry but will remain on the ballot per state election laws. With four significant GOP candidates vying for the position, Democrats are hopeful that Wilson, their sole major candidate, will succeed.

Persons: Donald Trump, John Bel Edwards, Edwards, Jeff Landry, Trump, Steve Scalise, Landry, Sen, Sharon Hewitt, Hunter Lundy, John Schroder, Stephen Waguespack, Bobby Jindal, Shawn Wilson, Richard Nelson, Wilson, Tim Temple, Republican Kyle Ardoin, Ardoin, Clay Schexnayder, Nancy Landry, Mike Francis, Gwen Collins, Brandon Trosclair Organizations: Republicans, Gov, Democratic, Republican, U.S, GOP, Democrat, Transportation, Development Department, State, Democratic Party Locations: BATON ROUGE, La, Louisiana, Mississippi, Kentucky, Lake Charles

☆ Qualcomm to cut roughly 1,258 jobs in California
▼ + stars: | 2023-10-12 | by ( Jake Piazza | In | ) www.cnbc.com time to read: +1 min

Cristiano Amon, president and CEO of Qualcomm, speaks during the Milken Institute Global Conference in Beverly Hills, California, May 2, 2022. Qualcomm is cutting about 1,258 jobs in offices in two of its California locations, according to recent filings with the California Employment Development Department. The semiconductor manufacturer notified the state Wednesday that it would be eliminating roughly 1,064 of its San Diego employees and 194 of its Santa Clara employees. "Given the continued uncertainty in the macroeconomic and demand environment, we expect to take additional restructuring actions to enable continued investments in key growth and diversification opportunities. We currently anticipate these additional actions to be substantially completed in the first half of fiscal 2024."

Persons: Cristiano Amon Organizations: Qualcomm, Milken Institute Global Conference, California Employment Development Department, San Diego, Santa Clara, CNBC Locations: Beverly Hills , California, California

Li’s disappearance follows a series of unexplained personnel shakeups that have roiled the upper ranks of China’s ruling Communist Party this summer, including the ousting in July of former Foreign Minister Qin Gang. The Financial Times reported that the US government believes the defense minister has been placed under investigation, citing American officials. Li, who was sanctioned by the US in 2018 over China’s purchase of Russian weapons, is still listed as China’s defense minister, one of its five state councilors, and a member of the party’s powerful Central Military Commission (CMC). Beijing has never issued an explanation for Qin’s removal nor said that the former minister was under investigation. China’s State Council Information Office has not replied to queries from CNN on the matter.

Persons: Li Shangfu’s, Wu Qian, “, China’s, Qin, Li, Wu, Xi Jinping, they’ve, Li Shangfu, Antony Blinken Organizations: Beijing CNN, Defense Ministry, Communist Party, Foreign, Qin Gang, People’s Liberation Army Rocket Force, CNN, Reuters, Communist, Street Journal, The Financial Times, Central Military Commission, Development Department, State, Wall Street Journal, Financial Times Locations: China, Beijing, Washington, United States

☆ Turbulence in China’s top ranks raises questions about Xi Jinping’s rule
▼ + stars: | 2023-09-19 | by ( Nectar Gan | ) edition.cnn.com time to read: +10 min

Defense Minister Li Shangfu has not been seen in public for three weeks, sparking speculation he is under investigation. Both Li and Qin serve among China’s five state councillors, a senior position in the cabinet that outranks a regular minister. Li also sits on the Central Military Commission, a powerful body headed by Xi that commands the armed forces. China's Defence Minister Li Shangfu gives a speech during the Moscow Conference on International Security on August 15. Last week, as speculation mounted over the whereabouts of the defense minister, Xi called for unity and stability within the military during an inspection in China’s northeast.

Persons: China’s, Li Shangfu, Weeks, Qin Gang, Xi, Li, Qin, outranks, “ What’s, ”, Drew Thompson, Xi Jinping, James Char, Lloyd Austin, Alexander Nemenov, Xi’s, Deng Yuwen, ” Rahm Emanuel, Agatha Christie’s, “, –, Craig Singleton, General Zhang Youxia, Zhang, He’s, Thompson, they’re, ” Thompson, Mao Zedong, Char, …, ” Char, Jinping Organizations: Hong Kong CNN —, Defense, Foreign, Central Military Commission, People’s Liberation Army Rocket Force, Wall Street Journal, Communist Party, National University of Singapore, Rajaratnam, of International Studies, Belarus ’, US, Singapore’s Navy, China's, Conference, International Security, Getty, Twitter, Foundation for Defense of Democracies, Washington DC, Development Department, Rocket Force, Equipment Development Department Locations: China, Hong Kong, United States, Washington, Beijing, Singapore, Moscow, Belarus, Minsk, AFP, Japan, Soviet, Sichuan, “

The debate, which was hosted by Nexstar Media Group, Inc., aired on multiple Louisiana news stations including KLFY. While Wilson supports exceptions and a ballot initiative to allow citizens to vote on the abortion laws, he has previously stated he is pro-life. All candidates addressed the death of Greene, who was killed after being arrested by Louisiana State Police. Schroder and Landry have backgrounds in law enforcement and said they are willing to meet with the Greene family. While most of the night was spent on issues, some candidates took the opportunity to verbally spar with Landry, who skipped the first debate.

Persons: Jeff Landry, Black, Ronald Greene, Sen, Sharon Hewitt, Landry, Donald Trump, Hunter Lundy, Richard Nelson, John Schroder, Stephen Waguespack, Bobby Jindal, Shawn Wilson, Wilson, Nelson, “ It’s, ” Wilson, Greene, John Bel Edwards, Schroder, Alton Sterling, Lundy, Schroeder, ” Landry, Edwards Organizations: GOP, Republican, Transportation, Development Department, Democratic, Nexstar Media Group, Inc, Republicans, Democrat, Louisiana State Police, Authorities, Associated Press, ” Locations: BATON ROUGE, La, Louisiana, Lake Charles, Landry

But part of Xi's drive to improve his fighting force has been to stamp out corruption that has long plagued China's military and other state institutions. A leader China's space and cyber warfare development and then head of military procurement, Li, 65, was elevated to defence minister in March. He also has a more public role than others on the Central Military Commission, China's top defence body, commanded by Xi. Li's term at the Central Military Commission highlighted his ties to Xi, who has strengthened his grip across the military. A bigger question is what priority Beijing will continue to place on China's military diplomacy amid ongoing regional tensions.

Persons: Li Shangfu, Li, Xi, Nancy Pelosi, Lloyd Austin, James Char, Russian Su, Zhang Youxia, Zhang, Laurie Chen, Greg Torode, John Geddie, William Mallard Organizations: Reuters, Central Military Commission, West, People's Liberation Army, PLA, Rajaratnam, of International Studies, Strategic Support Force, Equipment Development Department of, Communist Party Congress, Thomson Locations: BEIJING, United States, Taiwan, Beijing, Russia, Washington, U.S, Singapore, China, Belarus, Ukraine, Russian, Hong Kong

☆ The Public Face of China's Military Under Corruption Probe
▼ + stars: | 2023-09-15 | by ( Sept. | At P.M. | ) www.usnews.com time to read: +5 min

Persons: Greg Torode, Laurie Chen BEIJING, Li Shangfu, Li, Xi, Nancy Pelosi, Lloyd Austin, James Char, Russian Su, Zhang Youxia, Zhang, Laurie Chen, John Geddie, William Mallard Organizations: Reuters, Central Military Commission, West, People's Liberation Army, PLA, Rajaratnam, of International Studies, Strategic Support Force, Equipment Development Department of, Communist Party Congress Locations: United States, Taiwan, Beijing, Russia, Washington, U.S, Singapore, China, Belarus, Ukraine, Russian, Hong Kong

☆ Li Shangfu: Speculation grows over whereabouts of China's defense minister
▼ + stars: | 2023-09-15 | by ( Nectar Gan | ) edition.cnn.com time to read: +5 min

Hong Kong CNN —China’s Foreign Ministry on Friday skirted questions on the whereabouts of the country’s defense minister, amid mounting speculation the recently promoted general has been placed under investigation. Qin, who was only foreign minister for seven months, has retained the position of state councillor – a senior role in China’s cabinet which Li also holds. On Chinese government and military websites, Li is still listed as the defense minister, state councillor and a member of the party’s powerful Central Military Commission (CMC). “The foreign minister and the defense minister are both externally facing interlocutors with the international community. Two weeks away from the public view is not unprecedented for China’s defense minister, who typically has less frequent public engagements than the foreign minister.

Persons: Hong Kong CNN —, Li Shangfu, China’s, Li, Mao Ning, “ I’m, Qin Gang, Qin, –, Rahm Emanuel, Li hadn’t, Emanuel, Xi’s, Agatha Christie’s, Li Shangfu hasn’t, ”, Xi Jinping, ” Drew Thompson, Lee, Sergey Shoigu, Alexander Lukashenko Organizations: Hong Kong CNN, Hong Kong CNN — China’s, Communist Party, Financial Times, Street, Foreign Ministry, Central Military Commission, People’s Liberation Army, Force, CNN, Foreign, Rocket Force, Defense, Lee Kuan Yew, of Public, National University of Singapore, Development Department, Equipment Development Department, Security Forum, ”, Reuters, ” Reuters, Border Defense Friendship Exchange Locations: Hong Kong, Beijing, China, United States, Africa, Russia, Belarus, Moscow, Minsk, Hanoi

☆ Cash in or lose out: Banks are turning to AI, cloud computing, and Web3 to gain competitive advantage and customer loyalty
▼ + stars: | 2023-09-05 | by ( Nicholas Fearn | ) www.businessinsider.com time to read: +11 min

AI and cloud tech are giving some banks an edge over competitors and enticing brand loyalty. Traditional banks that ignore this reality risk losing loyal customers to digital banks that have emerged over the past few years, research suggests. Digital transformation is a must for banksWith online banking now the norm, digital transformation is no longer optional for banks. Legacy banking systems were not designed to provide the banking experience that people expect today," she said. As a result, banking customers and employees can view transactions in real time and deliver "a more seamless and personalized experience" for all stakeholders, she added.

Persons: Banks, Victoria Newton, Newton, Laura Merling, Merling, Jay Venkateswaran, WNS, Eno, Goldman Sachs, Nigel Vaz, Publicis, Publicis Sapient Nigel Vaz, Venkateswaran, Vaz, James Whybrow Organizations: Service, Starling Bank, Arvest Bank, Banking, Capital One, Microsoft, Bank of America, Amazon Web Services, Google, Economist Intelligence Unit, Arvest, Software AG, Software Locations: Wall, Silicon, It's, Starling, WNS, Morgan

☆ Secretary of State Antony Blinken says US is 'working to put some stability' into relationship with China
▼ + stars: | 2023-07-23 | by ( Kaanita Iyer | ) edition.cnn.com time to read: +5 min

CNN —US Secretary of State Antony Blinken told CNN that the US is attempting to strengthen “lines of communication” with China to avoid conflict between the two superpowers. “We are working to put some stability into the relationship, to put a floor under the relationship, to make sure that the competition that we’re in doesn’t veer into conflict,” Blinken told CNN’s Fareed Zakaria in an interview that aired Sunday. His visit was followed by similar trips by other high-level Biden administration officials, including Treasury Secretary Janet Yellen and US climate envoy John Kerry. “I was very clear with my Chinese counterparts,” Blinken told Zakaria, referring to his trip last month. CNN previously reported that one of the key issues that did not get resolved during Blinken’s trip was the restoration of military-to-military communications between US and China.

Persons: Antony Blinken, ” Blinken, CNN’s Fareed Zakaria, “, Joe Biden, Biden, Janet Yellen, John Kerry, ”, Blinken, Zakaria, Li Shangfu, Li, Lloyd Austin, “ We’ve, Vladimir, Putin Organizations: CNN, Aspen Security, US, Chinese Defense, China’s Equipment Development Department Locations: China, doesn’t, Colorado, Beijing, Moscow, American, Singapore, Ukraine, Russia

HONG KONG, July 18 (Reuters) - China plans to appoint the CEO of state-owned telecoms giant China Unicom (0762.HK), (600050.SS), Liu Liehong, as the head of its new national data bureau, four sources said, putting him in charge of efforts to make the country a digital superpower. China announced plans for the data bureau in March as part of a sweeping government reshuffle. Its formation is part of efforts to achieve President Xi Jinping's vision of a "digital China", where data is managed alongside labour and capital as a key economic driver. China's internet regulator, the Cyberspace Administration of China (CAC), will also transfer some staff to the data bureau, said one source. "Whether Mr. Liu Liehong will take up any role in the National Data Bureau shall be subject to the decision of the PRC government," it added.

Persons: Liu Liehong, Liu, Xi, China Unicom, Julie Zhu, Kevin Huang, Jane Xu, Brenda Goh, Sam Holmes Organizations: HK, National Data Bureau, Reuters, China, Tech Development Department, Cyberspace Administration of China, CAC, Information Office, National, Bureau, China Electronics Technology Group Corporation, Ministry of Industry, Information Technology, Communist Party, Committee, Thomson Locations: HONG KONG, China, Hong Kong, Chengdu, Sichuan province

New Delhi CNN —India’s defense minister told his Chinese counterpart on Thursday that violations of their shared border erode the “entire basis” of relations between the two Asian neighbors. Indian Defense Minister Rajnath Singh made the comments during a meeting with newly appointed Chinese Defense Minister Li Shangfu in New Delhi ahead of a regional security summit on Friday. “He reiterated that violation of existing agreements has eroded the entire basis of bilateral relations and disengagement at the border will logically be followed with de-escalation,” the statement added. His visit comes four days after India and China concluded the 18th round of talks to attempt to resolve the border issue. Pakistan’s Foreign Minister Bilawal Bhutto Zardari’s visit to the country will be the most senior-level one in seven years.

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