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Last year, Australia became the first country in the world to legalize clinical prescribing of MDMA, more commonly known as ecstasy, and psilocybin for certain mental health disorders. Elite athletes experience mental health disorder symptoms and psychological distress at similar, if not higher, rates to the general population, researchers pointed out in a study published in the Journal of Applied Sport Psychology. Researchers in the field say that psychedelics are shown to work when treating some mental health conditions. Later, he founded Wesana Health, a biotechnology company which focuses on developing psychedelic medicine for mental health, the most recent being a CBD and psilocybin-based drug. Since her retirement as a professional athlete, Symonds explains that she uses psychedelic drugs for clarity, though not under the direction of a doctor.
Persons: CNN — Daniel Carcillo, Carcillo, , Jeff Gross, , , Aaron Rodgers, ayahuasca, Dustin Satloff, ” Rodgers, Mike Tyson, Dana White, Courtney Walton, ” Walton, Jeff Novitzky, White, Novitzky, Johns Hopkins, we’ve, , ’ ”, Chris Unger, ” Robin Carhart, Harris, Ralph Metzner, University of California San Francisco, psychedelics, ” Carhart, Carhart, psychedelics aren’t, ” James Rucker, ” Rucker, I’ve, Jonathan Daniel, Lucy, Anna Symonds, Symonds, James MacDonald, Rucker, “ They’re Organizations: CNN, Canadian, NHL, Philadelphia Flyers, New York Rangers, Los Angeles Kings, Chicago Blackhawks, CNN Sport, ” Sporting, Harvard Health, Oregon, UFC, Elite, Applied Sport Psychology, Melbourne School of Psychological Sciences, Athlete Health, University of Miami, Neurology, Psychiatry, University of California San, Centre for Psychedelic Research, Imperial College London, King’s College London, Imperial College of London, Getty, Wesana Health, US Food and Drug Administration, NASDAQ, Lucy Scientific, Former US, Addiction Center, US National Institutes of Health, Numinus Bioscience, Bloomberg, Prevention, Befrienders Locations: Denver, Colorado, psychedelics, Australia, , Nanaimo
From prison, Navalny denounced Russia’s invasion of Ukraine via social media and encouraged anti-war protests across the country. Navalny was detained and sent to a Russian prison in 2021 after he had returned to Russia from Germany, where he was recovering from Novichok poisoning he blamed on the Russian government. Navalny took up Nemtsov’s mantle, becoming Russia’s most prominent opposition figure. Alexey Navalny was given a suspended sentence and his brother was sentenced to a prison term. Russia launched a new fraud accusation and jail threat against Navalny at the end of 2020, increasing pressure on him.
Persons: CNN — Alexey Navalny, Vladimir Putin, Navalny, Alexei Navalny, Dmitry Lovetsky, , Putin, , Kira Yarmysh, Dmitry Peskov, Alexander Litvinenko, Novichok, Sergei Skripal, Russia’s, Boris Nemtsov, Alexey Navalny, ‘ Putin, Oleg, Yves Rocher, “ Putin, ” Navalny, Dasha Navalnaya, Margarita Kotova, gaunt, Alexey, , Putin –, Alexander Nemenov, vociferously, I’m, Yulia Navalnaya Organizations: CNN, United, Kremlin, CNN Former, Getty, Corruption, Navalny, , Moscow’s, Peoples University, Transneft, Court, of Human Locations: United Russia, Russia, Ukraine, Siberia, Germany, Moscow, CNN Former Russian, Britain, Russian, English, Salisbury, Siberian, Tomsk, Omsk, France, Sweden, Anadolu, Melekhovo, Vladimir Region, Butyn, AFP, Moscow’s
WASHINGTON (AP) — The Senate early Tuesday passed a $95.3 billion aid package for Ukraine, Israel and Taiwan, pushing ahead after months of difficult negotiations and amid growing political divisions in the Republican Party over the role of the United States abroad. But a bipartisan deal on border security struck by Republican Sen. James Lankford fell apart just days after its unveiling, a head-spinning development that left negotiators deeply frustrated. After the border bill collapsed, the two leaders abandoned the border provisions and pushed forward with passing the foreign aid package alone — as Democrats had originally intended. In an unusually raw back-and-forth, GOP senators who support the aid challenged some of the opponents directly on the floor. Turner posted on X, formerly Twitter, after the trip that “I reiterated America’s commitment to support Ukraine in its fight against Russia.”But Speaker Johnson is in a tough position.
Persons: Vladimir Putin, It’s, , Chuck Schumer, Mitch McConnell, Jeff Merkley, Peter Welch of, Sen, Bernie Sanders, Donald Trump, Mike Johnson, Joe Biden's, Schumer, McConnell, , ” McConnell, Republican Sen, James Lankford, J.D, Vance, Russia's Putin, Putin, Kentucky Sen, Rand Paul, Carolina Sen, Thom Tillis, ” Tillis, ” Sen, Jerry Moran, Moran, Trump, Russia “, Mike Turner, Volodymyr Zelenskyy, Turner, Johnson, Kevin McCarthy, ” Johnson, Abigail Spanberger, Zelenskyy, ” Spanberger, Lisa Mascaro, Kevin Freking Organizations: WASHINGTON, , Republican Party, Ukraine, Republican, Republicans, Sens, Ukraine —, GOP, U.S . Senate, Trump, Ohio Republican, Kentucky, NATO, House Republicans, House Intelligence, Russia, , Senate, Virginia Democrat, Associated Press Locations: Ukraine, Israel, Taiwan, United States, U.S, Oregon, Peter Welch of Vermont, Russia, Kyiv, China, Gaza, Ohio, Carolina, Europe, America, Virginia
Chinese zodiac fortune predictions for 2024
  + stars: | 2024-02-09 | by ( Maggie Hiufu Wong | ) edition.cnn.com   time to read: +19 min
Natalie Leung/CNN, Adobe StockMonkeys are going to have a relatively stable year. Natalie Leung/CNN, Adobe Stock“This year, you may have to work a bit harder and work longer hours than usual. Natalie Leung/CNN, Adobe Stock“It isn’t the worst year but there are going to be some challenges. Natalie Leung/CNN, Adobe Stock“According to ancient Chinese philosophy, Tigers and Dragons have a complicated relationship. Natalie Leung/CNN, Adobe StockAll you Rabbits can give yourself a pat on the back.
Persons: Hong Kong CNN —, There’s, , Chen, , Thierry Chow, CNN Chow, floristry, “ It’s, Chow, Xuan, Duke, Jupiter, Stringer, VCG, Zhang Yu, Ulet Ifansasti, Johanes, NurPhoto, Zhang Cheng, Wu Wenjun, Axel Miranda, Tai Sui –, Tai Sui, Natalie Leung, Ben Ming Nian, “ Let’s, Ben Ming, “ You’ll, Ma Xing, , it’s, It’s, there’s, ” Chow, Xing Tai Sui Organizations: Hong Kong CNN, CNN, Shui, China News Service, Spring, Reuters Workers, Adobe, Adobe Stock, Adobe Stock People, , Roosters, Tiger Tigers, Dragons, Tigers Locations: Hong Kong, Asia, Xuan Kong, Xi'an, Shaanxi Province, China, Beijing, Solo City, Indonesia, Dharmayana, Bali , Indonesia, Guangzhou, China's, Guangdong Province, Barcelona, Spain, Nanchang, Jiangxi Province
By Jonathan Allen(Reuters) - Alabama plans to carry out the first known judicial execution of a prisoner using asphyxiation with nitrogen gas on Thursday evening, a closely watched new method the state hopes to advance as a viable, simpler alternative to lethal injections. Kenneth Smith, convicted of a 1988 murder-for-hire, is a rare prisoner who has already survived one execution attempt. In November 2022, Alabama officials aborted his execution by lethal injection after struggling for hours to insert an intravenous line's needle in his body. A canister of pure nitrogen will be attached to the mask, intended to deprive him of inhaling any oxygen. Jeff Hood, spiritual adviser to Smith, who will be at Smith's side, had to sign a form acknowledging the risk that the execution method poses to others.
Persons: Jonathan Allen, Kenneth Smith, Smith, gurney, Jeff Hood, Maya Foa, Foa, Elizabeth Sennett, Charles Sennett, Mama, Diane Craft Organizations: Reuters, United Nations, 11th Circuit U.S, Appeals, U.S, Supreme, Besides Alabama, Holman Correctional Facility Locations: Alabama, U.S, Besides, Oklahoma, Mississippi, New York
(Reuters) - Alabama Governor Kay Ivey said prison officials had killed Kenneth Smith, a convicted murderer, on Thursday evening, completing the first execution using asphyxiation by nitrogen gas, which the state is advancing as a simpler alternative to lethal injections. The state has called its new protocol "the most painless and humane method of execution known to man." United Nations human rights experts and lawyers for Smith, who survived Alabama's previous botched attempt to execute him by lethal injection, had sought to prevent it, saying the method was risky and could lead to a torturous death or non-fatal injury. Alabama prison officials and journalists who observed Smith's execution were due to brief reporters shortly. (Reporting by Jonathan Allen; Editing by Lincoln Feast.)
Persons: Kay Ivey, Kenneth Smith, Smith, Jonathan Allen, Lincoln Organizations: Reuters, Alabama, United Nations Locations: Alabama
CNN —Alabama is poised to carry out the first known execution using nitrogen gas Thursday to put Kenneth Smith to death for his role in a 1988 murder for hire. The state, in court records, indicated the redactions were made to maintain security. Smith’s team again Thursday morning appealed to the US Supreme Court and requested a stay of execution. “But the way that they’re constructing this, the way that they’re doing it, the way that they’re being silent, the way that they’re holding back information, yes, it’s incredibly concerning. Smith was convicted and sentenced to die, but an appeals court overturned the initial outcome and ordered a new trial.
Persons: Kenneth Smith, Smith, Smith’s, Steve Marshall, , , Smith –, Jeff Hood, ” Hood, ” Smith’s, Elizabeth Sennett, Charles, Charles Sennett, Sennett, CNN’s Isabel Rosales, Devan Cole, Chris Youd, Olivia LaBorde Organizations: CNN, US, Supreme, Wednesday, Locations: Alabama
CNN —Russian artist Alexandra Skochilenko, who had replaced price tags with anti-war messages in a St. Petersburg grocery store as an act of protest, was sentenced to seven years in jail by a court in the Russian city on Thursday. “Today, scientists and doctors around the world are fighting to increase human life expectancy and find cures for deadly diseases. Therefore, I don’t understand: what is (this) war for? War is death,” she added, according to a courtroom correspondent for the independent news outlet Mediazona. “Her persecution has become synonymous with the absurdly cruel oppression faced by Russians openly opposing their country’s criminal war.”
Persons: Alexandra Skochilenko, Skochilenko, Skochilenko “, , , Marie Struthers, Struthers, ” Skochilenko “, ” Struthers Organizations: CNN, Armed Forces, Russian Federation, Novaya Gazeta, , Amnesty, Central Asia Locations: Russian, St, Petersburg, St . Petersburg, Ukraine, Eastern Europe
CNN —Britney Spears’ recently released memoir, “The Woman In Me,” opens with a succinct but devastating bit of family history. “Tragedy runs in my family,” Spears observes. Holly Thomas Holly ThomasSpears’ own story is a howl of rage that appears more justified with every chapter. The ridicule that met Spears’ 2007 “meltdown” has since been reevaluated. The fact that Jamie was able to reenter and quickly dominate Spears’ life with apparently minimal difficulty shouldn’t surprise us.
Persons: Holly Thomas, Katie Couric, Britney Spears, , Jean, ” Spears, Holly Thomas Holly Thomas Spears, Jamie, Spears, Britney, that’s, , Jamie —, who’d, , Meghan Markle’s, Diane Sawyer, Justin Timberlake, Sawyer, Ryan Seacrest, “ Benjamin Button ”, ” “, she’s Organizations: Katie Couric Media, CNN, Jive Records, Locations: London, Kentwood , Louisiana, California, , Las Vegas
BIRMINGHAM, Ala. (AP) — Beth Holloway was after one thing for 18 years: answers about what happened to her missing daughter. Van der Sloot said the teen was already unconscious, or even dead, when he picked up a nearby cinderblock and brought it down on her face. “I smash her head in with it completely," van der Sloot said, according to an Oct. 3 transcript of the meeting. She stood her ground.”Dave Holloway, Natalee’s father, called van der Sloot “evil personified" in a statement issued after the sentencing hearing. Peru agreed to temporarily extradite van der Sloot to the U.S. to face proceedings on the extortion charge.
Persons: — Beth Holloway, Joran van der Sloot, Natalee Holloway, Van der Sloot, Beth Holloway, van der Sloot, , van der, Natalee, “ It’s, van, ‘ That’s, , Dave Holloway, Natalee’s, Sloot, Natalee Ann Holloway, ” Beth Holloway, , Holloway, ” Mark White, Ann Angela, Van der Sloot’s Organizations: Associated Press, Prosecutors, Aruba — Locations: BIRMINGHAM, Ala, Aruba, Dutch, Peru
"Beyond Utopia" attracted interest at Sundance from streamers like Amazon's Prime Video and Netflix. Interest peaked four years ago at the Sundance Film Festival, fueled by Amazon and Netflix, which paid a record $10 million for the Alexandria Ocasio-Cortez doc "Knock Down the House." In the crime realm, WME advised, Netflix was seeking films based on big, well-known cases and scams like "Dahmer" and "Tinder Swindler." Filmmakers point to streamers' self-censorship and 'cold feet' over sensitive topicsSome filmmakers said there are still champions at the streamers for documentaries that push the envelope. "Beyond Utopia" is among a number of recent films that have been snubbed by the big streamers, despite winning awards and buzz.
Persons: Madeleine Gavin, It'll, It's, Gavin, Hulu, Peter Broderick, Hulu didn't, Sundance fests, Broderick, WME, Dahmer, Ted Hope, Hope, Vanessa Hope, Taiwan's, he'd've, Oscar, Bryan Fogel, Jamal Khashoggi, Thom Powers, it's, Keith Ochwat, Ochwat Organizations: Sundance, Netflix, PBS, Sundance Film, Amazon, Alexandria, Paradigm Consulting, Amazon Prime, Apple, Hulu, Hollywood, Gravitas Ventures, & $ Locations: Joy, Congo, arthouses, Hulu, China, Park City, Syria, Russian, Ukraine, Venice
The lawsuit accuses prison officials of placing inmates into confinement based on secret evidence, leaving them unable to challenge their placement. A number of lawsuits nationally have targeted the conditions of solitary confinement, saying that the treatment of incarcerated people there has led to psychiatric episodes of self-mutilation and death due to lack of adequate care. The lawsuit asks the court to end the use of secret evidence and solitary confinement for mental health patients. But mental health treatment in the prison is “grossly inadequate” and Maldonado's time in solitary confinement caused insomnia, anxiety, depression and suicidal ideation, his lawyers said. Maldonado was prescribed an antidepressant, but was also taunted as being weak by others in solitary confinement, who can hear visits from mental health staff.
Persons: Angel Maldonado, ” Maldonado, , Maldonado, ideation, , Alexandra Morgan, Kurtz, ” ___ Brooke Schultz Organizations: of Corrections, Correctional, Department of Corrections, Mental, Pennsylvania Institutional Law, Associated Press, America Statehouse News Initiative, America Locations: HARRISBURG, Pa, Pennsylvania, of Corrections ’, Fayette
Imagine these sorts of risk, and the men and women enduring its nerve-wracking toll nightly, when you next hear talk of the progress of Ukraine’s counteroffensive. But make no mistake: this is perhaps the most important moment for European security since the Berlin Wall fell, or even 1945. Ukraine’s forces are nowhere near where they hoped they would be as fall draws in. Russian President Vladimir Putin is presumably counting on winter to strengthen his position. It was the rationale behind not supplying Ukraine with longer-range missiles that could strike Crimea or Russian territory bordering Ukraine.
Persons: Volodymyr Zelensky, Oliver Weiken, Vladimir Putin, Joe Biden, Donald Trump, – Putin, Kim Jong Un, Klaus Iohannis, it’s Organizations: CNN, Ministry of Defense, Marines, Bradley, Washington, Republican, North, Kremlin, NATO Locations: Orikhiv, Robotyne, Mariupol, New York, Tokmak, Crimea, Russia, Kherson, Moscow, Russian, Kharkiv, Kyiv, Ukrainian, European, Ukraine, China, Romania, Bulgaria, Tyulenovo
BEIJING, Sept 18 (Reuters) - The involvement of two Chinese state-owned financial firms in Zhongrong International Trust Co's operations and management may diffuse risk at the troubled shadow bank but does little to ease concerns about missed payments, analysts and investors said. It was not immediately clear whether the support by the two firms was engineered by the Chinese authorities, but Beijing has previously bailed out troubled financial firms by roping in state entities to contain broader contagion risk. The agreement allows the two financial firms to "provide professional services for operations and management" of Zhongrong, it said, adding the move would not impact its debt ownership and legal relationship in trust products. That would further dampen investors' confidence in trust products." "It's good news and at least provides some clarity," said Zhang, who is an investor in a Zhongrong trust product and gave only his surname due to sensitivity of the matter.
Persons: Zhongrong, They'll, Zhang, Xu, I've, Ziyi Tang, Ryan Woo, Sumeet Chatterjee Organizations: Trust, Citic Trust, CCB, Citic Group, China Construction Bank, National Financial Regulatory Administration, People's Bank of China, Citic, Shanghai, Thomson Locations: BEIJING, Beijing
For an instant, standing on the running board of the motorcade car, he entertained the vain hope that maybe it was just a firecracker or a blown tire. But he knew guns and he knew better. Mr. Landis has spent most of the intervening years fleeing history, trying to forget that unforgettable moment etched in the consciousness of a grieving nation. And he realized that what he read was not quite right, not as he remembered it. As it turns out, if his recollections are correct, the much-discussed “magic bullet” may not have been so magic after all.
Persons: Paul Landis, John F, Kennedy, Landis, John Jr, Organizations: Secret Service, Mr Locations: Dallas, Dealey Plaza, Washington
Editorial Roundup: United States
  + stars: | 2023-09-05 | by ( Associated Press | Sept. | At P.M. | ) www.usnews.com   time to read: +25 min
Excerpts from recent editorials in the United States and abroad:Aug. 31The Washington Post on sexism in the U.S. militaryNearly eight years ago, the United States opened up all military combat roles to women, clearing a pathway for female service members to join the most elite military forces. Women at multiple military bases reported that other soldiers would bang on their doors in the middle of the night. Even a program that once represented the highest ideals of the United States — its compassion, its expertise and its resources — is becoming a casualty of the country’s most destructive and divisive forces. Lack of adequate cooling during hot summers has plagued Southern states for decades, but climate change has now made it a problem in Northern states as well — Michigan, Minnesota, South Dakota, Indiana. Ukraine received the first batch of uranium munitions from the United Kingdom in March to use in its UK-made Challenger 2 tanks.
Persons: Soldiers, , , George W, Bush, Anthony Fauci, Mark Dybul, PEPFAR, Henry Hyde, Dave Weldon, H.I.V, Hyde, Weldon, Biden, MAGA, Biden’s, Mr, Chris Smith of, Smith, Roe, Wade, Tommy Tuberville, Susan B, Anthony Pro, ” Nyserda, Don’t, Louisianans, it’s, commissaries, Joe Arpaio, let’s, perceptibly Organizations: Washington, Green, Ranger Regiment, Green Berets, Army Rangers, Special Operations, Army Special Operations Command, Special Forces, Army, Command, New York Times, Democrats, Republicans, Catholic Church, Republican Party, AIDS Relief, Republican, Heritage Foundation, Biden, Mr, PEPFAR, America, Family Research, United, New York State Energy Research, Development Authority, Alliance, Clean Energy, Alliance for Clean Energy, Developers, Micron Technology, Los Angeles Times, Staff, Prisons, US State Department, US Locations: United States, U.S, Afghanistan, Africa, Illinois, Florida, Chris Smith of New Jersey, Alabama, New York, Ukraine, California , Connecticut, Hawaii , Indiana , Maine , Maryland , Massachusetts, Michigan , New Jersey, New Mexico, Rhode Island, New Hampshire, Vermont, Louisiana, Angola, Texas, Southern, Michigan, Minnesota, South Dakota , Indiana, Maricopa County, Ariz, Los Angeles, California, Corcoran, Tulare Lake, China, Russia, United Kingdom, Moscow, Belarus, Washington, Europe, Asia, Brazil, Indonesia
Brig Malessa has spent four seasons working as a fire lookout stationed off the grid in remote areas. I've had a lifetime of experience being outdoors and living remote, and all of that led right into my work as a fire lookout very easily. Then I go for my binoculars and start watching it until I'm sure it's smoke. The main tools of the fire lookout job are a radio and the Osborne Fire Finder. Brig Malessa, Sophie VernholmYou have to be able to see the biggest viewshed possible.
Persons: Brig Malessa, Malessa, Brigitte, Brig, I've, Bob Marshall, Sophie Vernholm, Jack Kerouac, Edward Abbey, Gary Snyder, nature's, what's, That's, It's, I'm Organizations: Service, U.S . Forest Service, Northern Rockies, Southern Rockies Locations: Wall, Silicon, Malessa, Oregon, New Mexico, Alaska, Montana, Idaho, Boise, Brig
Microsoft announced the biggest gaming deal in history in early 2022, but the acquisition was blocked by Britain's competition regulator, which was concerned the U.S. computing giant would gain too much control of the nascent cloud gaming market. Under the restructured deal, Microsoft will not be able to release Activision games like "Overwatch" and "Diablo" exclusively on its own cloud streaming service — Xbox Cloud Gaming – or to exclusively control the licensing terms for rival services. Instead, French gaming rival Ubisoft will acquire the cloud streaming rights for Activision's existing PC and console games, and any new games released by Activision in the next 15 years. A view shows a Microsoft logo at Microsoft offices in Issy-les-Moulineaux near Paris, France, January 25, 2023. Microsoft said Ubisoft would acquire the rights through a one-off payment and a market-based wholesale pricing mechanism, including an option that supports pricing based on usage.
Persons: Tom Smith, there's, Gonzalo Fuentes, Alex Haffner, Fladgate, Sarah Cardell, Yadarisa, Kate Holton, Foo Yun Chee, Barbara Lewis, Sharon Singleton, Mark Potter Organizations: CMA, Microsoft, Activision, Ubisoft Deal, Ubisoft Entertainment, Ubisoft, Markets Authority, European Commission, Geradin Partners, Big Tech, Reuters, REUTERS, European Union . Competition, Federal Trade Commission, European, European Union, Sony, U.S, Thomson Locations: New York, Paris, U.S, Europe, Brussels, EU, Issy, France, British, United States, Bengaluru, London
Dedmon, Opdyke and Elward broke open the carport door and Hartfield kicked open the back door. Entering the home without a warrant, the officers encountered two Black men: Eddie Parker and Michael Jenkins. The abuse continued in a bedroom, where Opdyke, Middleton, Dedmon and McAlpin assaulted Parker with pieces of wood and a metal sword. Dedmon, Middleton, Hartfield and Elward then began to tase the two men repeatedly to see “which (Taser) was the most powerful,” the document said. Attorneys for Middleton, Elward and Hartfield declined to comment on the case.
Persons: Christian Dedmon, Hunter Elward, Jeffrey Middleton, Daniel Opdyke, Brett McAlpin, White, Dedmon, ” Dedmon, Joshua Hartfield, McAlpin, Jerome DeLoach, Elward, Hartfield, Eddie Parker, Michael Jenkins, Parker, Jenkins, , Mary Helen Wall, Kristen Clarke, tased, Brett McAlpin Forrest, Jenkins –, Opdyke, defecated, Jeffrey Middleton Jerome DeLoach, Elward’s Taser, Middleton, Daniel Opdyke Jerome DeLoach, Rankin County Sheriff Bryan Bailey, CNN Parker, Sheriff Bailey, Joshua Hartfield orrest, , , Jeffery Reynolds, Bailey, CNN’s Ryan Young, ” Parker, “ You’re, ” Jenkins, he’s, I’m Organizations: CNN, Justice Department, Justice Department’s Civil Rights Division, Adult Detention, Mississippi Bureau of Investigation, Mississippi Department of Public, Rankin, Detention, Mississippi Attorney General’s, Dedmon Locations: Rankin County , Mississippi, Braxton, Jackson, Mississippi, Rankin County, Black, Opdyke, Middleton, Dedmon, Hartfield, McAlpin, Elward
A Nanjing Road pedestrian street on October 1, 2022 in Shanghai, China. Yan Daming | Visual China Group | Getty ImagesChina's authorities need to take decisive policy action to pull its "sputtering" economy back from the brink, according to Eswar Prasad, an economics professor at Cornell University. Last week, China hinted at moves to "adjust and optimize" policy measures in what the leadership acknowledged as a "torturous" economic recovery. watch now"It certainly looks like the Chinese economy is sputtering after roaring back to life," following the easing of Covid restrictions, said Prasad, a former head of the International Monetary Fund's China division. The unemployment rate among young people between the ages of 16 to 24 was 21.3% in June — a fresh record.
Persons: Yan Daming, Eswar Prasad, Prasad, CNBC's, Organizations: Visual China, Getty, Cornell University, Beijing, International Monetary, Reuters Locations: Nanjing, Shanghai, China
Its Shanghai-traded bond surged 25% to 38 yuan, while a Shenzhen-traded bond rose 44% to 33.6 yuan. "Most important, (Beijing) sent a signal of further easing property restrictions by dropping the phrase...and mentioning streaming property policies," Nomura chief China economist Ting Lu said. Sino-Ocean Group's onshore bond rose 8.6% to 23.5 yuan in Shanghai. The state-backed firm is currently negotiating with creditors to extend the repayment for the yuan bond due Aug. 2. Nomura's Lu maintained the view that there is no quick fix for the property sector, and that the central government would only marginally ease some existing restrictive measures in large cities.
Persons: Nomura, Ting Lu, Nomura's Lu, Morgan Stanley, Clare Jim, Jason Xue, Sherry Jacob, Phillips, Sam Holmes Organizations: Mainland Properties, CSI, HK, Garden Services, Communist Party, Longfor, Seazen, KWG, Ocean Group, Greenland Holdings, Country Garden, Dalian Wanda Group, Thomson Locations: HONG KONG, Hang, Hong Kong, Shanghai, Shenzhen, Beijing, China
HONG KONG, July 25 (Reuters) - Shares of China's property developers surged on Tuesday following a sharp selloff in the previous session, after policymakers said they would step up support for the embattled sector. Hong Kong's Hang Seng Mainland Properties Index (.HSMPI) jumped 12%, while Chinese CSI 300 Real Estate (.CSI000952) gained 7%. "Most important, (Beijing) sent a signal of further easing property restrictions by dropping the phrase...and mentioning streaming property policies," Nomura chief China economist Ting Lu said. Lu, however, maintained the view that there is no quick fix for the property sector, and the central government would only marginally ease some existing restrictive measures in large cities. In recent weeks, investors were wary of a deepening debt crisis in the property sector as new signs of trouble emerged among state-backed property developers Sino-Ocean Group (3377.HK) and Greenland Holdings (600606.SS), as well as property giants Country Garden (2007.HK) and Dalian Wanda Group.
Persons: Nomura, Ting Lu, Lu, Morgan Stanley, Clare Jim, Sherry Jacob, Phillips, Sam Holmes Organizations: Mainland Properties, CSI, HK, Longfor, Seazen, KWG, Communist Party, Ocean Group, Greenland Holdings, Country, Dalian Wanda Group, Thomson Locations: HONG KONG, Hang, Hong Kong, China, HK, Beijing
Chinese stocks soared Tuesday as Beijing pledged to ramp up measures to bolster China's sputtering economy. Hong Kong's Hang Seng Index surged more than 3%, China's tech-heavy ChiNext rose 1.8% and the Shanghai Composite Index increased 1.81% on Tuesday morning in Asia. The stock rebound comes after China's top leaders pledged on Monday to ramp up policy support to boost domestic consumption as the post Covid rebound has been slower than expected. That's mainly due to weak domestic demand, operational challenges for companies as well as "a grim and complex external environment," it said. Alibaba shares soared 4.7%, while Tencent was up nearly 4%.
Persons: China Vanke, Alibaba, Tencent, Li Auto Organizations: Bund, China Overseas Land, Investment, Xinhua, Baidu Locations: Shanghai, China, Beijing, Asia, Hong Kong
China's top leaders pledged to "adjust and optimize policies in a timely manner" for its beleaguered property sector, while elevating stable employment to a strategic goal, along with other pledges to boost domestic consumption demand and resolve local debt risks. The July Politburo meeting typically sets the tone for China’s economic policies for the second half of the year, with market watchers eagerly awaiting firmer guidance on policy support for faltering growth in the world’s second-largest economy. The post-pandemic economic recovery will proceed in a "wave-like" fashion in a "tortuous" process, it added. A raft of disappointing economic data last week prompted renewed calls for policy support to bolster growth. "While it signaled more support for the economy, the Politburo meeting generally fell short of offering large-scale stimulus," said economists at Barclays in a note late Monday.
Persons: Xi Jinping Organizations: Communist, Xinhua, Barclays
Panicking people stepped on each other in the dark, desperately using each other to come up for air, to stay alive. At the water’s surface, some clung to pieces of wood, surrounded by drowned friends, relatives and strangers. As the headline on another Times story, by Richard Pérez-Peña, put it: “5 Deaths at Sea Gripped the World. Hundreds of Others Got a Shrug.”Refugees and migrants dying while trying to cross the Mediterranean in search of safety is not new. The United Nations estimates that more than 27,000 migrants have died or gone missing in the Mediterranean since 2014.
Persons: Adriana, torturous, Richard Pérez Organizations: BBC, The New York Times, Coast Guard, , The United Nations Locations: Greece, African
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