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☆ Xi Jinping is caught in a bind: How do I undermine US power while also courting its investors?
▼ + stars: | 2024-03-28 | by ( Tom Porter | ) www.businessinsider.com time to read: +5 min

But Xi is also trying to dent US global power on several fronts. AdvertisementChina's President Xi Jinping presented an uncharacteristically affable image Wednesday, smiling broadly for US business leaders at a meeting in Beijing. The Chinese leader sought to assure investors including Cristiano Amon of Qualcomm and Stephen Schwarzman of the Blackstone Group that the downturn in China's economy, its biggest contraction in 15 years, would be over soon. AdvertisementOn the one hand, Xi is seeking to implement China's long-term strategy of displacing the US as the world's pre-eminent power. China's economy, after decades of growth, is experiencing its most serious problems in decades.

Persons: Xi Jinping, He's, Xi, —, Cristiano Amon, Stephen Schwarzman, Jonathan Ward, Ali Wyne, Joe Biden, Robert Daly, Wilson Organizations: Service, Qualcomm, Blackstone Group, United, Communist Party, US Navy, Taiwan, Wilson Center, CBS, International Crisis Group, Institute, NPR, US Locations: Beijing, China, Xinhua, United States, Ukraine, Russia, Taiwan, Iran, North Korea

☆ 'Unprovoked violation': Iran strikes Syria, Iraq and Pakistan as Middle East tensions spike
▼ + stars: | 2024-01-17 | by ( Natasha Turak | ) www.cnbc.com time to read: +4 min

Speaking to CNBC at the World Economic Forum in Davos on Tuesday night, Iranian Foreign Minister Hossein Amirabdollahian defended his country's actions. watch nowTehran also hit what it said were Islamic State targets in northern Syria in tandem with its strikes on Iraq. In response to the Red Sea attacks, the U.S. and U.K. governments last week began launching missile strikes against Houthi positions in Yemen. While the U.S. has hit Iranian proxies in Syria and Iraq since the Gaza war began, the missile strikes marked the first U.S. attack on the Yemeni group. Iran's foreign minister told CNBC on Tuesday that the Houthis "are not receiving any orders or instructions from us."

Persons: Pakistan —, Masrour Barzani, Hossein Amirabdollahian, Ebrahim Raisi, Israel —, Umar Karim, Iran — Organizations: United Arab Emirates, . Security, CNBC, Economic, Iranian, Islamic, Sepah, Anadolu Agency, Getty, King Faisal Center for Research, Islamic Studies, Middle, Iran Yemen's Locations: DUBAI, United Arab, Iran, Iraq, Syria, Pakistan, Israel, Gaza, Baghdad, Kurdistan, Tehran, Israeli, U.S, Erbil, Iraqi Kurdish, Davos, Islamic State, Balochistan, Israel — Tehran, Lebanon, Hamas, Yemen, Red

☆ Ukraine sends its US-supplied Stryker combat vehicles into battle for the first time in the counteroffensive against Russia, say reports
▼ + stars: | 2023-08-19 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +3 min

The Stryker combat vehicle is officially in action near the Zaporizhzhia frontline. The US-supplied vehicles can be outfitted with various weapons and move quickly while carrying soldiers. Its impressive arsenal includes 90 US-supplied Stryker vehicles, 40 German-produced Marders, 24 US M113 infantry carriers, as well as 14 British Challenger tanks, Politico reported. A US Army Stryker armored vehicle fires a Tube-launched, Optically-tracked, Wire-guided missile at Fort Polk in Louisiana in June 2009. There are 18 variants of the combat vehicle, and more than 4,900 have been built in the last 20 years by General Dynamics.

Persons: –, Jimmy Rushton, Michael Clarke, Victor Ayala Organizations: Stryker, Service, Air Assault Brigade, Kyiv Post, 82nd Brigade, NATO, US, British Challenger, Politico, Challenger, US Army Stryker, US Army, Spc, Pentagon, Kyiv, General Dynamics, New York Times, Ministry of Defence, Russian Federation Locations: Russia, Wall, Silicon, Ukraine, Russian, Zaporizhzhia Region, Kyiv, Fort Polk, Louisiana, Zaporizhzhia

☆ A.I. use rising in influence campaigns online, but impact limited - US cyber firm
▼ + stars: | 2023-08-17 | by ( Zeba Siddiqui | ) www.reuters.com time to read: +2 min

An AI (Artificial Intelligence) sign is seen at the World Artificial Intelligence Conference (WAIC) in Shanghai, China July 6, 2023. Researchers at the Virginia-based company found "numerous instances" since 2019 in which AI-generated content, such as fabricated profile pictures, had been used in politically-motivated online influence campaigns. Generative AI would enable groups with limited resources to produce higher quality content at scale, Mandiant researchers said. Yet, the impact of such campaigns was limited. "Thus far, we haven't seen a single incident response where AI played a role," said Joyce.

Persons: Aly, Mandiant, Sandra Joyce, Joyce, Zeba Siddiqui, Alexandra Hudson Organizations: Artificial Intelligence, REUTERS, FRANCISCO, Google, Security, targetting, Mandiant Intelligence, Alexandra Hudson Our, Thomson Locations: Shanghai, China, Virginia, Russia, Iran, Ethiopia, Indonesia, Cuba, Argentina, Mexico, Ecuador, El Salvador, Hong Kong, North Korea, San Francisco

☆ Here are 7 beaten-up global stocks that analysts expect to double
▼ + stars: | 2023-08-11 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

While stock markets worldwide have rallied this year on fading fears of a global recession, a number of stocks have been left behind. However, the London-listed company's stock is expected to rise by 143% over the next 12 months, according to the consensus price target of six analysts. Brooke expects the outperform-rated shares to rise by more than 150% to 50p (£0.50, or $0.64) over the next 12 months. Vanquis' stock went another leg lower after it announced the departure of its CFO earlier this month. However, the median average of analyst price targets points to an upside potential of 148% over the next 12 months.

Persons: —, Andrew Brooke, Brooke, Helios Towers, Helios, Jefferies, Giles Thorne, Thorne Organizations: CNBC Pro, FTSE, Capita, Capital Markets, Banking, Provident Financial, Helios Locations: London, Africa

☆ Hyundai Motor to invest $85.41 bln by 2032 to accelerate EV plans
▼ + stars: | 2023-06-20 | by ( ) www.reuters.com time to read: 1 min

SEOUL, June 20 (Reuters) - South Korea's Hyundai Motor Co (005380.KS) plans to invest about 109.4 trillion won ($85.41 billion) in the period through to 2032, the company said on Tuesday, including around 35.8 trillion won allocated for electric vehicles (EVs). Hyundai Motor, which together with affiliate Kia Corp (000270.KS) is among the world's 10 biggest automakers by sales, also said in a statement for the company's investor day that it plans to lift localisation of EV production in the United States, its biggest market, by increasing the share of output from 0.7% to 75% by 2030. The carmaker is targetting the sale of 2 million EV units annually by 2030 and aims to achieve a more than 10% profitability rate for EVs in the same year. ($1 = 1,280.8200 won)Reporting by Hyunsu Yim Editing by Ed DaviesOur Standards: The Thomson Reuters Trust Principles.

Persons: 1,280.8200, Hyunsu Yim, Ed Davies Organizations: Hyundai, Kia Corp, Thomson Locations: SEOUL, KS, United States

ANNECY, France, June 9 (Reuters) - Two toddlers gravely wounded by a knifeman in the French mountain town of Annecy were in a stable condition on Friday and doctors are optimistic for their recovery, President Emmanuel Macron said. Macron, who has called the attack an "act of absolute cowardice", visited the hospital in Grenoble where three of the four children are being treated before heading to nearby Annecy. "The doctors are very confident," Macron told the police and paramedics who responded to the aftermath of the attack. Among the children wounded in the attack were a British national and a Dutch national. One of the two pensioners caught up in the attack told Reuters he had been sitting on a park bench when the attacker approached on the run.

Persons: Emmanuel Macron, Macron, lunge, Henri, Denis Balibouse, Mag Capone, Mathis, Elisabeth Borne, Gerald Darmanin, Youssouf, Antony Paone, Geert de Clercq, Richard Lough, Andrew Heavens, Nick Macfie, Angus MacSwan Organizations: Reuters, REUTERS, Annecy Cathedral, Annecy Prosecutor, Police, Thomson Locations: ANNECY, France, Annecy, Grenoble, British, French, Sweden, Swedish, Schengen, Italy, Paris

☆ Tesla and more: Morgan Stanley names EV stocks set to benefit as supply chain move West
▼ + stars: | 2023-05-17 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

Morgan Stanley has identified several stocks to invest in as electric vehicle battery manufacturing shifts to the West. EV giant Tesla , auto parts maker Aptiv , and battery maker Freyr rank highly, according to Morgan Stanley, while Ford and Chinese batter maker CATL rank lower. Tesla Tesla is well placed to overcome the three challenges, Morgan Stanley said. Ford / CATL Morgan Stanley noted that companies like Ford and Chinese battery maker Contemporary Amperex Technology, or CATL, might face challenges when it comes to "onshoring" due to geopolitical concerns and potential technological barriers. Ford will own the new facility but will license battery manufacturing technology from CATL, including technical expertise.

☆ Analysis: North Africa backslides toward swirling debt troubles
▼ + stars: | 2023-05-11 | by ( Marc Jones | ) www.reuters.com time to read: +6 min

Making debt payments could become almost impossible. EGYPTEgypt's finances also look stretched despite it securing a $3 billion IMF rescue plan in December. The rating agency, which downgraded Egypt's credit rating again on Friday, highlights that only default-stricken Sri Lanka would need to pay more. "It would not be immaterial if it were to default" Ross said about the impact on global money managers. "These very wealthy Gulf countries have generally enhanced financial stability in the region," via their support he added.

Vahia is one among India’s young and aspirational 1.4 billion population, whose propensity for online spending has attracted global companies and digital platforms. And as private consumption underpins economic growth in India, financial investors are targetting new ways to tap into it. India's per capita consumption of food was at $314 in 2020 compared to $884 for China, while that of clothing stood at $53.9 versus $212.9 for China, data from CLSA showed. FOREIGN INVESTORS JUMP INWith private consumption accounting for 60% of India's $3.5 trillion GDP, foreign portfolio investors have been quick to latch on. To be sure, it has not been all smooth sailing for investors as they chased India's consumption boom.

☆ U.S. seizes website selling malware that stole computer data
▼ + stars: | 2023-03-09 | by ( Zeba Siddiqui | ) www.reuters.com time to read: +2 min

SAN FRANCISCO, March 9 (Reuters) - U.S. authorities said on Thursday they seized an internet domain that was selling malicious software criminals used to steal data from and take control of victims' computers. The site sold NetWire, a type of malware called a 'remote access trojan' (RAT), which is "a sophisticated program capable of targeting and infecting every major computer operating system," the statement said. It allows covert surveillance, creating a "'backdoor' for administrative control and unfettered and unauthorized remote access to a victim’s computer, without the victim’s knowledge or permission," according to court records filed in Los Angeles the statement cited. It was unclear how many times the malware had been bought off the seized website. The seizure comes as U.S. authorities work on improving collaborations with other countries on investigating cybercrimes, which are often cross-border.

☆ Russia accuses Ukraine of killing 14 in 'deliberate' strike on hospital
▼ + stars: | 2023-01-28 | by ( ) www.reuters.com time to read: +1 min

Jan 28 (Reuters) - Russia accused the Ukrainian military of deliberately striking a hospital in a Russian-held area of eastern Ukraine on Saturday in what it said was a war crime that killed 14 people and wounded 24 patients and medical staff. There was no immediate response to the allegations from Ukraine. The alleged strike hit a hospital in the Russian-held settlement of Novoaidar and was carried out using a U.S.-supplied HIMARS rocket launch system, the Russian defence ministry said in a statement. "A deliberate missile strike against a known functioning civilian medical facility is without doubt a serious war crime by the Kyiv regime," the defence ministry said. Civilian and military medics had been working in the hospital for many months treating local people and soldiers, it said.

☆ India's Russian oil binge drags down OPEC's share to lowest in 2022
▼ + stars: | 2023-01-17 | by ( Nidhi Verma | ) www.reuters.com time to read: +3 min

[1/2] A model of oil barrels is seen in front of Russian and Indian flags in this illustration taken, December 9, 2022. Refiners in India, the world's third-biggest oil consumer and importer, have been gorging on Russian oil sold at a discount after some Western companies shunned buying from Moscow following its invasion of Ukraine last February. Russia remained the top oil supplier to India in December followed by Iraq and Saudi Arabia. Higher intake of Russian oil reduced India's appetite for African grades, whose share in 2022 imports declined to a 17-year low while that of Latin America plunged to the lowest in 15 years, the data show. Imports from Russia, about a fifth of India's oil imports in April-December, led to OPEC's share falling to about 61.5%, according to Reuters calculations.

☆ China calls entry restrictions targetting its travellers unreasonable
▼ + stars: | 2023-01-03 | by ( ) www.reuters.com time to read: 1 min

BEIJING, Jan 3 (Reuters) - Some countries' COVID-19 entry restrictions targetting China lack scientific basis and are unreasonable, a spokesperson for the Chinese foreign minsitry said at a regular briefing on Tuesday. Mao Ning said that we are "firmly opposed to such practices" and will take corresponding measures accordingly. Reporting by Beijing newsroom; Editing by Muralikumar AnantharamanOur Standards: The Thomson Reuters Trust Principles.

☆ China considers reducing COVID quarantine for visitors - Bloomberg News
▼ + stars: | 2022-10-20 | by ( ) www.reuters.com time to read: +1 min

Oct 20 (Reuters) - China is considering a cut in the duration of quarantine for inbound visitors from 10 to seven days, Bloomberg News reported on Thursday, citing people familiar with the matter. Officials are targetting a cut in the quarantine period to two days in a hotel and then five days at home, the report said. There is, however, no clarity on how the new restrictions around home quarantine would apply to foreigners and other visitors without a residence in China, the report added. Currently, China requires travelers to isolate for 10 days on entry into the country, with seven days in a hotel room, followed by three days of home monitoring. The reported cut comes as Beijing boosts measures to stop COVID-19, strengthening public checks and locking down some residential compounds after a quadrupling of its case load in recent weeks.

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