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☆ De-dollarized payment systems are cropping up. Here's why they're unlikely to dent greenback dominance.
▼ + stars: | 2024-06-04 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

The emergence of new regional payment systems likely won't spur de-dollarization, OMFIF said. According to commentary published Thursday, obstacles are already afflicting new regional payment systems, even as de-dollarization rhetoric creeps up. AdvertisementMeanwhile, efforts to assemble regional financial systems have delivered the Pan-African Payment and Settlement System, OMFIF cited as one example. For instance, it's even launched its own payments infrastructure, the Cross-border Interbank Payment System. But China's efforts to create an alternative system are a defensive ploy for now, OMFIF wrote in a separate note from May.

Persons: OMFIF, —, Julian Jacobs, it's, That's, Zoe Liu Organizations: Service, Monetary, Financial, Forum, United Arab, China, Foreign Relations Locations: China , Hong Kong, United Arab Emirates, Thailand, Russia, Ukraine, Beijing, Taiwan

A woman walks past Bombay Stock Exchange (BSE) office in Mumbai, India, 18 July, 2022. Nurphoto | Nurphoto | Getty ImagesIndia stocks tumbled Tuesday in volatile trading, leading Asia markets lower as the country continued vote counting for its 2024 general election. The Nifty rose more than 20% last year, while the Sensex was up nearly 19% in 2023. Japan's Nikkei 225 fell 0.22% to close at 38,837.46, while the broader Topix ended 0.38% down at 2,787.48. Hong Kong's Hang Seng index was 0.12% higher, while the CSI 300 index added 0.75% to close at 3,615.67.

Persons: Narendra Modi Organizations: Bombay Stock Exchange, Nurphoto, Getty, BSE, BJP, Japan's Nikkei, CSI Locations: Mumbai, India, Asia, Australia

☆ China’s Chang’e-6 probe lifts off with samples from moon’s far side in historic first
▼ + stars: | 2024-06-04 | by ( Nectar Gan | Simone Mccarthy | ) edition.cnn.com time to read: +5 min

Hong Kong CNN —China’s Chang’e-6 lunar probe departed from the far side of the moon on Tuesday, moving a step closer to completing an ambitious mission that underlines the country’s rise as a space superpower. Its return journey to Earth is estimated to take about three weeks, with a landing expected in China’s Inner Mongolia region around June 25. “The lunar surface is rich in basalt,” Zhou added. It marked the second time a mission has successfully reached the far side of the moon, after China first completed that historic feat in 2019 with its Chang’e-4 probe. Last year, India landed a spacecraft on the moon for the first time, while Russia’s first lunar landing mission in decades ended in failure when its Luna 25 probe crashed into the moon’s surface.

Persons: China’s, Bill Nelson, Nelson, –, “ zhong, CNSA, ”, Zhou Changyi, Zhou, James Head Organizations: Hong Kong CNN, Beijing, China National Space Administration, NASA, CNSA, Brown University, Luna Locations: Hong Kong, China, Mongolia, Aitken, India, Japan, Texas

☆ Indian stocks have worst day in 4 years as Modi’s hopes of a huge majority fade
▼ + stars: | 2024-06-04 | by ( Diksha Madhok | ) edition.cnn.com time to read: +3 min

New Delhi CNN —Indian stocks plunged Tuesday as vote counting in the country’s election suggested Prime Minister Narendra Modi’s dream of a landslide victory is at risk, raising doubts about his ability to push through more aggressive economic reforms. India’s benchmark Sensex index, which tracks 30 large companies, and the broader Nifty 50 index each closed down by nearly 6%. The worst daily drop for Indian stocks since 2020 came just 24 hours after both indexes hit record highs as weekend exit polls prompted experts to predict a resounding victory for Modi. The 73-year-old ran on his economic record over the past 10 years, a period of robust growth for India. But investors have complained about the high price of Indian stocks and some analysts believe a correction could be healthy for markets.

Persons: Narendra Modi’s, Modi, India’s, ”, Yashovardhan Khemka, Manish Jain Organizations: New, New Delhi CNN, Bharatiya Janata Party, BJP, Research, Analytics, Abans Holdings, National Stock Exchange of India, Shenzhen Stock Exchange, Hong Kong Exchange, bourse, World Federation of Exchanges, Mirae Locations: New Delhi, India, Mumbai, United States, China

☆ Sensex, Nifty 50: Indian stocks hit record highs as markets hope for a big Modi election win
▼ + stars: | 2024-06-03 | by ( Diksha Madhok | ) edition.cnn.com time to read: +3 min

New Delhi CNN —Indian markets hit record highs on Monday as experts predicted a resounding victory for incumbent Prime Minister Narendra Modi in national elections. India’s benchmark Sensex index, which tracks 30 large companies, and the broader Nifty 50 index each jumped over 3% in early trade. The 73-year-old ran on his economic record over the past 10 years, a period of robust growth for India. “With the exit polls pointing towards 370 seats mark and ahead of street expectations of 320-350 seats, markets have reacted positively,” said Manish Chowdhury, head of research at brokerage StoxBox. The country’s stock markets have performed well during his tenure.

Persons: Narendra Modi, ” Modi, India’s, ”, Manish Chowdhury, Modi, Adani, Gautam Adani, Mukesh Ambani, Ambani, Hindenburg’s Organizations: New, New Delhi CNN, Adani, Adani Enterprises, Reliance Industries, Bloomberg, Modi, Hindenburg, National Stock Exchange of India, Shenzhen Stock Exchange, Hong Kong Exchange, bourse, World Federation of Exchanges Locations: New Delhi, India, United States, China, American

☆ Cathay Pacific CEO: Hong Kong-to-Riyadh route to start in October
▼ + stars: | 2024-06-03 | 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 EmailCathay Pacific CEO: Hong Kong-to-Riyadh route to start in OctoberRoland Lam, Cathay Pacific Group CEO, says "the development in Saudi Arabia has been amazing in the past few years and it's also one of the … Belt and Road destinations."

Persons: Roland Lam, it's Organizations: Cathay Pacific, Cathay Pacific Group Locations: Hong Kong, Riyadh, Saudi Arabia

☆ Tiananmen Square: How journalists smuggled out the iconic ‘Tank Man’ photo
▼ + stars: | 2024-06-03 | by ( Jessie Yeung | Mike Chinoy | ) edition.cnn.com time to read: +9 min

The photo and footage of the so-called “tank man” became the defining image of the Tiananmen Square crackdown whose 35th anniversary passed on Tuesday. People hold candles at a vigil in Hong Kong to mark the Tiananmen Square anniversary on June 4, 2017. Jeff Widener/AP“I’m biking towards the Beijing Hotel and there’s just debris and charred buses on the ground,” he said. It went out.”A student protester before a burning armored personnel carrier that rammed through student lines, injuring many during an attack on pro-democracy demonstrators in Tiananmen Square, Beijing, on June 4, 1989. Several media outlets took a photo of “Tank Man,” but Widener’s shot was the most used.

Persons: Mike Chinoy, ”, Isaac Lawrence, Jeff Widener, Chinoy, Liu Heung, Widener, ‘, Kirk Martsen –, Jonathan Schaer, He’d, “, ” Schaer, “ I’m, ” Jeff Widener's, I’m, ” Liu, Liu, didn’t, ” Widener Organizations: University of Southern, China Institute, CNN, American Journalists, Chinese Communist Party, Getty, Associated Press, AP, of, People, Beijing, Widener, Sony Locations: University of Southern California’s US, Beijing, Asia, China, People’s Republic, Hong Kong, British, AFP, CNN’s Beijing, –, Bangkok, CNN’s, Tiananmen Square, Beijing –

☆ Nvidia, AMD unveil next generation AI technology ahead of Computex in Taiwan
▼ + stars: | 2024-06-03 | by ( Wayne Chang | Laura He | ) edition.cnn.com time to read: +3 min

Taipei/Hong Kong CNN —Nvidia and AMD have separately launched the next generation of their artificial intelligence (AI) chips in Taiwan, as a three-way race with Intel heats up. Jensen Huang, CEO of Nvidia (NVDA), said Sunday that the company would roll out its most advanced AI chip platform, called Rubin, in 2026. The Rubin platform will succeed the Blackwell, which supplies chips for data centers and was announced only in March. But competition is growing, with major competitors AMD (AMD) and Intel (INTC) introducing new products in an effort to challenge Nvidia’s dominance. The new chip will succeed the MI300 and feature more memory, faster memory bandwidth and better computer performance, Su added.

Persons: Jensen Huang, Rubin, Blackwell, Vera, Huang, ”, Richard Windsor, Lisa Su, ” Su, MI300X, Su, MI400, Patrick Gelsinger Organizations: Hong Kong CNN, Nvidia, AMD, Intel, National Taiwan University, Radio Free Mobile Locations: Taipei, Hong Kong, Taiwan, “, we’re, Computex

☆ China says Britain's MI6 turned two Chinese government staff to spies
▼ + stars: | 2024-06-03 | by ( ) www.cnbc.com time to read: 1 min

A Chinese flag in Pudong's Lujiazui Financial District in Shanghai, China, on Sept. 18, 2023. China has alleged that the British Secret Intelligence Service MI6 turned two staff members of unnamed Chinese central state organs into spies for the British government, its State Security Ministry said in a statement on Monday. The ministry said the case against the two spies, a married couple, is under further investigation. In January, China revealed an espionage case in which it said MI6 used a foreigner in China to collect secrets and information. Britain in April charged two people with providing prejudicial information to China and last month charged three people with assisting Hong Kong's foreign intelligence service in Britain.

Persons: Hong Organizations: British Secret Intelligence Service, State Security Ministry Locations: Lujiazui, Shanghai, China, Britain

☆ China claims married couple working for government spied for UK’s MI6
▼ + stars: | 2024-06-02 | by ( Nectar Gan | ) edition.cnn.com time to read: +4 min

Hong Kong CNN —China on Monday accused Britain of recruiting a married couple employed by the Chinese central government to spy for its MI6 intelligence service, as the two countries trade allegations of espionage. Those charges in the United Kingdom came after China’s MSS said in January it had detained the head of a foreign consultancy who had allegedly spied for MI6. Under Xi Jinping, China’s most authoritarian leader in decades, the country’s notoriously secretive spy agency has drastically raised its public profile and broadened its remit. In its latest statement Monday, the MSS detailed its allegations against the married couple. According to the MSS, foreign spies are omnipresent and infiltrating everything – from mapping apps to weather stations.

Persons: Hong, Xi, Wang, “, –, Zhou, ” Organizations: Hong Kong CNN, Ministry of State Security, Conservative Party, China’s, ”, CNN, Britain’s Foreign, Secret Intelligence Service, CIA Locations: Hong Kong, China, British, United Kingdom, Britain

☆ China’s growing e-commerce market is creating a new set of winners
▼ + stars: | 2024-06-02 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +6 min

"Improving domestic ecommerce market share should lead to better monetization eventually," Yao said. The investment firm expects Douyin to match PDD's market share of 21% next year, and surpass it by reaching 22% in 2026. Tencent's WeChat Video Account platform is expected to retain about 2% to 3% of GMV market share through 2026, the Goldman analysis said. The video streaming platform last month reported e-commerce GMV grew by 28.2% year-on-year in the first quarter to 288.1 billion yuan ($40,55 billion). The firm forecasts Kuaishou's e-commerce GMV revenue will grow by 25% this year, although livestreaming revenue — which has accounted for about a third of total revenue — is expected to drop due to a high base.

Persons: James Yang, Bain, Joe Tsai, Emily Tan, Yang, Alibaba, Goldman Sachs, Ronald Keung, David Ma, China's, Morgan Stanley, Eddy Wang, Kenneth Fong, JD, David Beckham, Alex Yao, monetization, Yao, Tmall's GMV, Douyin, Alibaba's, Tencent's, Goldman, Sophie Huang, — CNBC's Michael Bloom Organizations: Bain and Company, PDD Holdings, Goldman, UBS, JPMorgan China, ByteDance, Hong Locations: China, Hong Kong, Asia, U.S, Alibaba, 2Q24, 2Q24E

☆ China, Xi Jinping's Plan for AI Will Wreak Havoc on the World Economy
▼ + stars: | 2024-06-02 | by ( Linette Lopez | ) www.businessinsider.com time to read: +18 min

According to the CCP's plan, by 2020, China was supposed to have "achieved iconic advances in AI models and methods, core devices, high-end equipment, and foundational software." Censorship requirements may slow China's AI development and limit the commercialization of domestic models, but they will not stop Beijing from benefiting from AI where it sees fit. We're not seeing a huge gap between the models Chinese companies have been able to roll out. The current price war is a race to the bottom, similar to what we've seen in the Chinese technology space before. A race to the bottom may simply beggar China's AI ecosystem.

Persons: Xi Jinping, China doesn't, there's, Beijing's, Reva Goujon, We're, It's, ChatGPT, Xie Huanchi, couldn't, you'll, —, Kenneth DeWoskin, it's, Matt Sheehan, they're, chatbot, Sheehan, Ernie Bot, There's, Alibaba, ByteDance's, Paul Triolo, Albright, we've, haven't, DeWoskin, Sam Altman, Elon Musk Organizations: Chinese Communist Party, CCP, Intelligence, Cyberspace Administration, Getty, Freedom, University of Michigan, Deloitte, CAC, Carnegie Endowment, International Peace, Baidu, Bloomberg, Companies, Brookings Institution, Beijing, The Commerce Department Locations: China, Beijing, China's, Hong Kong, Xinhua, , Washington, Brussels, Berlin, Taiwan, US, Xinjiang

☆ What was it like to cook for Xi Jinping and Emmanuel Macron?
▼ + stars: | 2024-06-01 | by ( Maggie Wong | ) edition.cnn.com time to read: +8 min

The chance to cook for a mystery guestChef Mauro Colagreco, seen here shaking Chinese leader Xi Jinping's hand, was one of three chefs invited to prepare the recent state dinner in France. In addition to the Plaisance restaurant in Hong Kong, his restaurant group now has five establishments in mainland China. Then, on the morning of the state dinner, the Mirazur team arrived to start preparing for the evening alongside the other chefs. Lai Sun DiningAt Colagreco’s Plaisance restaurant in Hong Kong, diners will get to sample all three of the dishes Xi and Macron were served during the recent state dinner. The cost of the three-course option starts from 1,888 Hong Kong dollars ($241), while the six-course menu is 2,888 Hong Kong dollars ($369).

Persons: Xi Jinping, he’s, Xi, Emmanuel Macron, Mauro Colagreco, Xi Jinping's, Laurent Blevennec, Colegreco, Colagreco, “, ”, Fabrice Desvignes, Brigitte Macron, France’s, It’s, Mauro Colagreco's, Peng Liyuan, Pierre Gagnaire, Vin Jaune, verbena pavlova, Nina Métayer, Fromagerie Organizations: Hong Kong CNN, CNN, Michelin, Colagreco's, Colagreco’s, Hong Locations: Hong Kong, bao, Beijing, Europe, Paris, China, France, Plaisance, Menton, Elysee, Argentine, Mirazur, Asia, Shanghai, Cognac, Port, Madeira, Jura, refiner, Colagreco's Plaisance, Colagreco’s Plaisance

☆ China’s Chang’e-6 probe successfully lands on far side of the moon
▼ + stars: | 2024-06-01 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +4 min

Hong Kong CNN —China’s Chang’e-6 lunar lander successfully touched down on the far side of the moon Sunday morning Beijing time, in a significant step for the ambitious mission that could advance the country’s aspirations of putting astronauts on the moon. China’s most complex robotic lunar endeavor to date, the uncrewed mission aims to return samples to Earth from the moon’s far side for the first time. The landing marks the second time a mission has successfully reached the far side of the moon. The probe will spend two days on the far side of the moon, and 14 hours to collect moon soil samples, Xinhua reported. Last year, India landed a spacecraft on the moon for the first time, while Russia’s first lunar landing mission in decades ended in failure when its Luna 25 probe crashed into the moon’s surface.

Persons: China’s Organizations: Hong Kong CNN, China National Space Administration, Xinhua, Luna, NASA Locations: Hong Kong, Beijing, Aitken, China, United States, Mongolia, India, Japan, Texas

☆ Wall Street Lands on India, Looking for Profits It Can’t Find in China
▼ + stars: | 2024-05-31 | by ( Alex Travelli | ) www.nytimes.com time to read: 1 min

Mumbai, India’s financial capital, has seen a lot of new faces over the past year. The heads of global banks have been trooping through, visiting its stock exchanges, buying property and hiring new staff. A postpandemic boom has pushed the value of India’s stock market to about $5 trillion, putting it neck and neck with Hong Kong’s. Wall Street can’t ignore India anymore. Mumbai has been India’s commercial hub for eight decades, but it was relatively unfamiliar to global finance until the past two years.

Persons: Hong Kong’s Locations: Mumbai

☆ China fines Evergrande's Hengda $577 million for fraudulent bond issuance
▼ + stars: | 2024-05-31 | by ( ) www.cnbc.com time to read: +1 min

An aerial view of construction sites and new residential developments in the Nanchuan area of Xining, Qinghai province, China. China has fined China Evergrande's onshore flagship unit 4.18 billion yuan ($577 million) for fraudulent bond issuance and illegal information disclosure, the China Securities Regulatory Commission (CSRC) said on Friday. The regulator also fined Evergrande founder Hui Ka Yan 47 million yuan and barred him from the securities market for life, according to a statement. "The maximum fine (against Hengda) is the most severe since the unified law enforcement of the bond market," said CSRC, adding it had considered Hengda's bond issuance size and mandate to complete home constructions for buyers when making the decision. China is weighing imposing a record fine of at least 1 billion yuan on PricewaterhouseCoopers LLP and suspending some of the auditor's local operations over its role in auditing Evergrande, Bloomberg News reported on Thursday.

Persons: Hui Ka, Evergrande Organizations: China, China Securities Regulatory Commission, Evergrande, Hui Ka Yan, PricewaterhouseCoopers LLP, Bloomberg Locations: Nanchuan, Xining, Qinghai province, China, Hong Kong

☆ Asia's top 4 up-and-coming rental markets that may be challenging traditional property hubs
▼ + stars: | 2024-05-31 | by ( Ernestine Siu | In Ernestinesiu | ) www.cnbc.com time to read: +3 min

Bangkok, Thailand has seen an 18.1% growth in residential rental prices on a year-on-year basis, according to JLL. Alexander Spatari | Moment | Getty ImagesSingapore and Hong Kong are generally considered Asia's more vibrant real estate markets. But some up-and-coming cities are giving these traditional hubs a run for their money, with some even beating them on rental yields. The following four cities have led the recovery in rental growth in Asia so far this year:Bangkok, ThailandResidential rental growth in Q1 2024 (y/y): +18.1% Average price to rent: THB 8,292 (about $226) per square meter annually "Rental demand has been surging in Bangkok," Allan said. This rental growth has been influenced by the stronger rent prices recorded in new high-quality offerings in the city, according to the report.

Persons: JLL, Alexander Spatari, Hong Kong, Roddy Allan, Allan, Ho Organizations: Getty Images, realty, Pacific Chief, CNBC Locations: Bangkok, Thailand, Getty Images Singapore, Hong Kong, Hong, Ho Chi Minh City, Jakarta, Manila, Asia, Pacific, expats, Vietnam, Indonesia, Philippines

☆ CNBC Daily Open: Dow drops, Nvidia couldn't save Nasdaq
▼ + stars: | 2024-05-30 | by ( Abid Ali | ) www.cnbc.com time to read: +3 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Treasury yields weigh on Wall StreetThe S&P 500 snapped its three-day winning streak as Treasury yields climbed. Despite Nvidia's continued rise since its earnings report last week, the tech giant couldn't prevent the Nasdaq Composite from falling. Peltz dumps Disney stakeActivist investor Nelson Peltz has sold his entire stake in Disney, according to a person familiar with the matter.

Persons: Nvidia's, Salesforce, Nelson Peltz, Peltz, Jay Rasulo, Bob Iger, Robert Isom, Vasu Raja, Raja, Korea's Kospi, Hang Seng, CNBC's Brian Evans Organizations: New York Stock Exchange, CNBC, Nasdaq, Dow Jones, Disney, American Airlines, Treasury, Nikkei, China's CSI, Dow Locations: New York City, Disney, Asia, Pacific, Japan, South Korea, China

☆ 'Hong Kong 47' trial: 14 pro-democracy activists found guilty, 2 acquitted
▼ + stars: | 2024-05-30 | 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 Email'Hong Kong 47' trial: 14 pro-democracy activists found guilty, 2 acquittedEmily Tan of CNBC reports on the city's largest national security case.

Persons: Emily Tan Organizations: CNBC Locations: Hong Kong

On Today’s Episode:Trump Jurors to Review Evidence as They Consider a Verdict in His Trial, by Jesse McKinleyAlito Refuses Calls for Recusal Over Display of Provocative Flags, by Adam LiptakBiden Asks What Trump Would Have Done if Capitol Rioters Were Black, by Nicholas Nehamas and Maya KingHong Kong Convicts Democracy Activists in Largest National Security Trial, by Tiffany MayThe 47 Pro-Democracy Figures in Hong Kong’s Largest National Security Trial, by K.K. Rebecca Lai, David Pierson and Tiffany MayNew Delhi Sweats Through Its Hottest Recorded Day, by Hari Kumar and Mujib Mashal

Persons: Trump, Jesse McKinley Alito, Adam Liptak Biden, Nicholas Nehamas, King, Tiffany May, K.K, Rebecca Lai, David Pierson, Tiffany, Hari Kumar, Mujib Mashal Organizations: Capitol, King Hong Kong Convicts Democracy, Hong Locations: Delhi

☆ 14 pro-democracy activists found guilty of subversion in Hong Kong’s biggest national security case
▼ + stars: | 2024-05-30 | by ( Jennifer Jett | ) www.cnbc.com time to read: +2 min

HONG KONG — A Hong Kong court on Thursday found 14 of 16 pro-democracy activists guilty of conspiring to subvert the state in the Chinese territory's single largest case under a sweeping national security law imposed by Beijing. Of those, 31 pleaded guilty in the hopes of a reduced sentence, while the remaining 16 pleaded not guilty. Hong Kong had had a 100% conviction rate in national security cases, which are prosecuted under rules that diverge from the city's legal norms, including presumption against bail. Almost 300 people have been arrested under the national security law, which came into force in the summer of 2020. The charges stem from an informal primary election held in July 2020 in which more than 600,000 voters selected pro-democracy candidates for a legislative election that was scheduled for that September.

Persons: Lau, Lee Yue, Critics, Eric Yan, Lai, Benny Tai, Claudia Mo, Joshua Wong, Leung Kwok, Raymond Chan, Gwyneth Ho, Hong Kong, Carrie Lam Organizations: Hong, Georgetown Center, Asian Locations: HONG KONG, Hong Kong, Beijing, Hong

☆ China to invest $845 million on ramping up its advanced EV battery ambitions
▼ + stars: | 2024-05-30 | by ( Laura He | ) edition.cnn.com time to read: +2 min

Earlier this month, the Biden administration imposed major new tariffs on Chinese EVs, advanced batteries and other goods. The European Commission is set to announce early next month its own decision on Chinese EV tariffs, which could spell trouble for Chinese EV makers that export hundreds of thousands of cars to Europe every year. In January, Toyota (TM) said it would launch vehicles with solid-state batteries in a few years, according to Reuters. Samsung SDI said in March that it would begin mass producing solid-state batteries in 2027. GAC Group, a state-owned automaker based in Guangzhou, said in November that it had achieved a breakthrough in solid-state batteries and would roll out vehicles with them in 2026.

Persons: Biden Organizations: Hong Kong CNN, China Daily, West, European, EV, Global, Toyota, Reuters, Samsung SDI, Volkswagen, GAC Locations: China, Hong Kong, Europe, Beijing, Guangzhou

☆ Opinion: May is the month when we honor Asian Americans. Here’s what a lot of people get wrong
▼ + stars: | 2024-05-30 | by ( Opinion Regina Kim | ) edition.cnn.com time to read: +7 min

CNN —As we near the end of Asian American, Native Hawaiian and Pacific Islander (AANHPI) Heritage Month, I can’t help but feel a bit disappointed. Regina Kim Courtesy Regina KimBut too often, efforts to honor the contributions of Asian Americans, however well-intentioned, fall short because people fail to differentiate between Asian Americans and Asian communities outside the US. A recent study by the Asian American Foundation found that over half of Americans can’t name a single famous Asian American. This may be one reason why so many Americans can’t name any Asian Americans of note. The media needs to make a conscientious effort to seek out, identify and spotlight Asian Americans — and not just during AANHPI Heritage Month.

Persons: Regina Kim, Peggy Gou —, AAPI, “, Mark Tuan, Audrey Nuna Michael Hickey, Laufey, who’ve, Daniel Anderson, Peggy Gou, Ali Wong Elyse Jankowski, Kat Turner, Sun, ” Turner, Steven Yeun Gregg DeGuire, wasn’t, Jackie Chan, Michelle Yeoh, Lulu Wang Michael Kovac, Mindy Kaling, Kevin Mazur, Lee Jung, jae, ” Oscar, Bong Joon Ho, Lulu Wang, ”, —, Steven Yeun, Bruno Mars, Olivia Rodrigo, Sarah Kinsley, Lyn Lapid, Audrey Nuna Organizations: Forbes, CNN, Billboard, AAPI, American, AANHPI, America, South, Korean, Asian American Foundation, Globe, Twitter, Facebook Locations: Hawaiian, American, “, Korean, Europe, America, Asia, Icelandic, South Korean, Hong Kong, Malaysian, keshi

☆ Why some full-time influencers are going back to their 9-to-5 jobs
▼ + stars: | 2024-05-30 | by ( Shriya Bhattacharya | ) www.businessinsider.com time to read: +6 min

Her success in monetizing her platform persuaded her to try full-time content creation in 2023. Hong Kong-based creator Anushka Purohit decided to dive into a corporate 9-to-5 job after graduating from college instead of becoming a full-time creator because of the perceived financial instability. "The idea of full-time content creation is often more glamorous than reality," she said. Nguyen also said she'll never go back to full-time content creation because of the financial instability. Being a full-time creator can also hurt your social-media brand if you compromise for the money.

Persons: —, influencer Maryam Salam, Adesh, hasn't, they've, Anushka Purohit, Purohit, Mitchie Nguyen, Instagram, Nguyen, she's, Salam, she'll, Maryam Salam, Maryam, Mariam Organizations: Service, Business, Salam, Google, Staples, RBC Locations: Canada, monetizing, Hong Kong, York, TikTok

☆ China’s Xi Jinping calls for peace conference and ‘justice’ over war in Gaza as Arab leaders visit Beijing
▼ + stars: | 2024-05-30 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +6 min

Hong Kong CNN —Chinese leader Xi Jinping decried “tremendous sufferings” in the Middle East and called for an international peace conference as leaders from Arab nations visit Beijing this week amid mounting global concern over Israel’s war in Gaza. Justice should not be absent forever,” Xi said Thursday at the opening of a meeting between top diplomats from China and Arab states, also attended by several leaders from the region. Delegations from 22 Arab states joined that event at Beijing’s Diaoyutai State Guesthouse, according to Chinese state media. China has recognized a Palestinian state since 1988. Thursday’s ministerial meeting is the first such gathering since China held its first joint summit with Arab leaders in late 2022 in Saudi Arabia.

Persons: Xi Jinping, ” Xi, Israel, Xi, ”, Abdel, Fattah, Mohamed bin Zayed Al Nahyan, Bahrain’s King Hamad bin Isa Al Khalifa, Kais Saied, China “, Yun Sun, Fatah, Joe Biden, Jamal Khashoggi, Egypt’s Sisi Organizations: Hong Kong CNN, United Arab Emirates, States Cooperation Forum, Diplomats, Stimson, UN Relief and Works Agency for Palestine Refugees, of Locations: China, Hong Kong, Beijing, Gaza, “, Palestinian, Rafah, United States, Israel, Washington, United, Palestine, Iran, Saudi Arabia, Istanbul

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