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☆ Biden approved Taiwan's biggest security package yet. China says the military aid won't deter it.
▼ + stars: | 2024-09-30 | by ( Hannah Abraham | ) www.businessinsider.com time to read: +4 min

President Joe Biden on Sunday approved $567 million in defense aid for Taiwan. It is the largest aid package that US has ever sent to Taiwan. AdvertisementPresident Joe Biden on Sunday said the US will send Taiwan its largest-ever security package amid rising tensions with China. Spotting Chinese attackThe scale of Chinese military activity around Taiwan is believed to be getting larger, as previously reported by Business Insider. Rather than Biden has repeatedly suggested the US would respond militarily if China declared war on Taiwan.

Persons: Joe Biden, —, Lin Jian, Lin, Xi Jinping, Phil Davidson, Samuel Paparo, Wellington Koo, Rather, Biden, Tom Porter, Jim Hoare, Hoare Organizations: Service, Sunday, Department of Defense, White, Taiwan, Communists, Business, Financial Times, Bloomberg Locations: Taiwan, China, States, British

☆ On Cloudboom Strike: Marathon-winning spray-on running shoes could shake up Olympics
▼ + stars: | 2024-07-17 | by ( Leah Dolan | ) edition.cnn.com time to read: +4 min

CNN —We’ve seen spray-on hair, a spray-on dress and now — marathon-winning spray-on shoes. The Cloudboom Strike LS is lace-free and weighs less than the latest iPhone. (A men’s US size 8.5 weighs just 170g per shoe, over 100g lighter than several popular running shoes of the same size.) Courtesy OnWith no heel-cap, laces or tongue, the translucent, sock-like sneaker looks like a running shoe that has shed its skin. Having initially been made available to the public in April, the Cloudboom Strike LS will again go on sale to consumers later this year.

Persons: CNN —, Hellen Obiri, ”, Heitz, Johannes Voelchert, Voelchert, ” Voelchert, LightSpray, Marc Maurer, On’s, Olli Hoare, Luke McCann —, Coperni, Bella Hadid, Manel Torres Organizations: CNN, Boston, Fair, Games, ”, Paris Fashion Locations: Paris, Zurich, Milan, Swiss, Australian

☆ The Most Impressive World Championship Team Isn’t a Country. It’s a Brand.
▼ + stars: | 2023-08-18 | by ( Scott Cacciola | More About Scott Cacciola | ) www.nytimes.com time to read: +1 min

Dathan Ritzenhein, the coach of On Athletics Club, was juggling a couple of jobs on a brisk morning this spring. As members of his elite distance-running team logged hard miles on some deserted back roads outside Boulder, Colo., Ritzenhein seemed determined to murder his pickup truck’s transmission. Ritzenhein grabbed several water bottles from the truck’s cargo bed. “You guys want something to drink?” he yelled as they reached for the bottles without breaking stride. “Just toss them at the next corner and I’ll pick them up!”

Persons: Dathan Ritzenhein, Ritzenhein, Max Verstappen, Olli Hoare, Joe Klecker, “ Organizations: Athletics Club Locations: Boulder, Colo

☆ Truss and UK market turmoil: What you need to know
▼ + stars: | 2022-10-20 | by ( ) www.reuters.com time to read: +4 min

Following are latest events, comments and context:POLITICS* Truss is meeting with Graham Brady, the head of the 1922 Committee of Conservative lawmakers, a source in Truss's Downing Street office said. The Guardian's political editor Pippa Crerar said on Twitter that Truss had called the meeting. * Conservative lawmaker Simon Hoare, in parliament for seven years, said Thursday and Friday were crunch days for the government. * Truss has promised disciplinary action against Conservative lawmakers who abstained or failed to support her party in a vote about fracking amid a total breakdown of unity and discipline. * Truss has lost her interior minister, Suella Braverman, who quit on Wednesday, less than a week after she fired her finance minister.

A source at the Treasury said Kwarteng had no plans to resign or reverse any policies. DO THINGS DIFFERENTLYBritain's first Black Chancellor, Kwarteng is the son of Ghanaian immigrants. In Kwarteng, Truss picked a key ideological ally with whom she co-wrote a book that spells out a low tax, small state, deregulated vision of Britain. One other aspect that raised investor ire was Kwarteng's decision to release a fiscal plan without the accompanying scrutiny of the independent Office for Budget Responsibility. Kwarteng will set out a medium term fiscal plan alongside OBR forecasts on the scale of government borrowing on Nov. 23.

"Were dysfunction in this market to continue or worsen, there would be a material risk to UK financial stability," the BoE warned. One source at the Treasury said Kwarteng would not resign, and the government would not reverse its policy. A second person familiar with the situation said Truss still backed Kwarteng and they would announce further economic reforms soon. One source at the meeting said Kwarteng had asked the assembled finance bosses what they could do to calm markets. U.S. bond giant PIMCO said it would have less confidence in sterling than it did before last Friday's announcement.

"Were dysfunction in this market to continue or worsen, there would be a material risk to UK financial stability," the British central bank said. By 2:48pm (1348 GMT) it was trading down 0.5% at $1.0679, a fall of 12% in the last three months. The BoE said it would return to its plan to sell bonds and its launch was only postponed until the end of October. RESTORE ORDEROn Monday the BoE said it would not hesitate to raise interest rates and was monitoring markets "very closely". But the slide in bond prices continued unabated on Wednesday, prompting the BoE to make its move.

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