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☆ Satellite images show the Russian cargo ship that transported ballistic missiles from Iran
▼ + stars: | 2024-09-11 | by ( Jake Epstein | ) www.businessinsider.com time to read: +5 min

Read previewA cargo ship suspected of transporting ballistic missiles from Iran was seen at a port in Russia last week, according to newly released satellite imagery. These short-range ballistic missiles have satellite guidance and a maximum range of around 75 miles. It's unclear exactly how many missiles Russia received, although the Treasury Department said Moscow and Tehran signed an agreement in late 2023 for the supply of hundreds of missiles. Russia received Iranian missiles, similar to the one seen here. Iran has also supplied Russia with one-way attack drones, while North Korea has given Moscow ballistic missiles and artillery.

Persons: —, John Kirby, Biden, Kirby, Pat Ryder, it's Organizations: Service, Business, US Treasury Department, Maxar Technologies, Business Insider, Ships, Technologies, Sky News, Treasury Department, Russia, White House National Security Council, West Asia News Agency, REUTERS, North, Pentagon, Air Force Locations: Iran, Russia, Ukraine, Moscow, Olya, Port Olya, Russia's Astrakhan, Amirabad, Tehran, Ukrainian, Iranian, Fath, North Korea

☆ Trump tariffs will fuel supply chain inflation and consumers will pay the price, trade experts warn
▼ + stars: | 2024-09-11 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +4 min

A cargo ship is sailing towards the docking of a foreign trade container terminal in Qingdao Port, Shandong province, in Qingdao, China, on June 7, 2024. Judah Levine, head of research for Freightos, says if history is any guide, additional tariffs will fuel ocean freight rates. Any increase in freight demand will fuel rates, said Peter Sand, chief shipping analyst at ocean freight rate intelligence platform Xeneta. "When ocean container shipping markets increase, that cost gets passed down the line and ultimately it is the end-consumer who pays the price," Sand added. Xeneta data shows the last time Trump ramped up tariffs on Chinese imports during the trade war in 2018, the ocean container shipping markets spiked more than 70%.

Persons: Donald Trump, Trump, Judah Levine, Levine, Biden, Lars Jensen, Peter Sand, Sand Organizations: Trade, U.S . West Coast, U.S . Trade Representative, U.S . West, Trump, FEU Locations: Qingdao Port, Shandong province, Qingdao, China, Asia, U.S . West Coast, Vespucci

☆ Billions aren’t eating enough of 7 critical nutrients, study finds
▼ + stars: | 2024-09-11 | by ( Kristen Rogers | ) edition.cnn.com time to read: +7 min

But more than half the global population isn’t eating enough of these and five other nutrients also crucial for human health, according to a new study. More than 5 billion people don’t consume enough iodine, vitamin E or calcium, found the study published August 29 in the journal The Lancet Global Health. Billions of people don’t consume enough of at least seven micronutrients present in hundreds of foods, according to a new study. For these reasons, the research team estimated the prevalence of inadequate intakes of 15 micronutrients among 185 countries, or 99.3% of the population. “Therefore, iodine might be the only nutrient for which inadequate intake from food is largely overestimated,” the authors said, referring to their findings.

Persons: ”, Christopher Free, haven’t, didn’t, Ty Beal, Lauren Sastre, Sastre, wasn’t, “, ” Sastre Organizations: CNN, Marine Science Institute, Bren School of Environmental Science, Management, University of California, Database, Global Alliance, Improved Nutrition, Clinic, East Carolina University, UNICEF Locations: Santa Barbara, India, Asia, Saharan Africa, Swiss, North Carolina

☆ Asia-Pacific markets open lower after gains on Wall Street; Japan and South Korea data in focus
▼ + stars: | 2024-09-11 | by ( Anniek Bao | In | ) www.cnbc.com time to read: +1 min

The upscale shopping district of Ginza in Tokyo, Japan, on Saturday, May 4, 2024. Asia-Pacific markets opened lower on Wednesday, despite gains on Wall Street ahead of the U.S. August consumer inflation report due Wednesday. Traders in Asia parsed key economic data from Japan and South Korea. South Korea reported that unemployment fell to 2.4% in August, the lowest level since 1999, when the data series commenced, according to Statistics Korea. The sentiment for non-manufacturers declined for a third consecutive month to plus 23, from plus 24.

Persons: Donald Trump, Kamala Harris, Canada's Alimentation Organizations: Traders, Statistics Korea, Reuters, Republican, Democratic, Federal Trade Commission, Taiwan Semiconductor Manufacturing Corp, Taiwan Locations: Ginza, Tokyo, Japan, Asia, Pacific, South Korea

☆ Seven & i Holdings' shares slide 3% on likely U.S. probe into a potential M&A deal with Couche-Tard
▼ + stars: | 2024-09-11 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +2 min

A 7-Eleven convenience store, operated by Seven & i Holdings Co., in Kawasaki, Japan, on Monday, Aug. 19, 2024. The FTC was concerned that the companies' defense attorneys were advising them to get rid of documents linked to the potential merger ahead of antitrust investigations, Reuters reported. In June, the FTC and the Justice Department launched antitrust investigations into Microsoft, OpenAI and Nvidia. Other recent antitrust investigations include cases against Amazon and Google. Seven & i revealed that Couche-Tard had offered to acquire all outstanding shares of Seven & i for $14.86 per share.

Persons: Canada's Alimentation, Tard, Tokutaka Ito, O Shearman, Ito, — CNBC's Lim Hui Jie Organizations: Seven, Holdings Co, Holdings, U.S . Federal Trade Commission, Reuters, FTC, Justice Department, Microsoft, Nvidia, Amazon, Google, CNBC Locations: Kawasaki, Japan, Asia, .

☆ Apple's new iPhone camera button is a big Gen Z bet
▼ + stars: | 2024-09-11 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +3 min

But one feature of the new button seems tailored for Apple's Gen Z audience. Advertisement0.5x selfies are all the rage with Gen Z. Advertisement"The new camera control alongside larger screen and improved battery performance will cement the iPhone 16 Pro Max as the top choice for Gen Z consumers," Al Jumaily said. "Gen Z is not a homogenous group," said Shantanu Dutta, a marketing professor at USC's Marshall School of Business. "The benefits desired by Gen Z users differ from country to country."

Persons: —, Gen Z, Gen, Monica Hillison, Hillison, Abdul Al Jumaily, Max, Al Jumaily, Shantanu Dutta, Dutta Organizations: Service, Business, Consumer, Virginia Tech, Apple, USC's Marshall School of Business, Gen Locations: Asia, India

☆ U.S. crude oil rebounds more than 2%, trades above $67 a barrel after steep selloff
▼ + stars: | 2024-09-11 | by ( Spencer Kimball | ) www.cnbc.com time to read: +1 min

U.S. crude oil rebounded more than 2% on Wednesday, regaining some ground after prices closed at the lowest level in nearly three years in the previous session. Here are Wednesday's energy prices:The steep selloff Tuesday came after OPEC lowered its demand growth outlook for the second time in two months, and as China crude oil imports slow in 2024. Some traders are worried about Brent prices heading toward $60 per barrel, but this level of bearishness is unwarranted, Galimberti said. Supply and demand fundamentals point toward stockpiles falling, and prices can only rise if China's economy rebounds and OPEC+ complies with its own production quotas, the analyst said. "We don't think we're going to see $60 per barrel in a consistent manner for the next three months."

Persons: Claudio Galimberti, CNBC's, Brent, Galimberti Organizations: OPEC, Traders, Rystad Energy, Supply Locations: China

Americans reported losing $5.6 billion to cryptocurrency scams in 2023, with older Americans hit the hardest, according to the FBI. Americans 60 years old and older filed more than 16,000 complaints of cryptocurrency fraud and reported losing over $1.6 billion, much more than any other age group. The reported scams ranged from phony tech support help and extortion to scammers impersonating government officials. The vast majority of reported losses — almost $4 billion — were a result of investment scams, a category that the FBI uses primarily to refer to so-called pig butchering scams. Last year, a United Nations report found that pig butchering scams are often run by human trafficking victims in Southeast Asia.

Persons: ’, ”, Amy Nofziger, Nofziger Organizations: FBI, NBC News, AARP, United Locations: United Nations, Southeast Asia, California, Chicago

Almost half the population of East Timor, the most Catholic nation outside Vatican City, attended a Mass presided over by Pope Francis on Tuesday on the third leg of his Asia trip. An estimated 600,000 people packed the seaside park of Tasitolu near the capital, Dili, the Vatican told reporters, citing local authorities. But the Vatican has also admitted it concealed sexual abuse by members of the clergy in East Timor, including key figures in the independence movement. Francis, 87, is the first pope to visit East Timor since it became an independent state in 2002. “We have the opportunity to see the pope face to face.”The Mass was held at the same site where St. John Paul II, the last pope to visit East Timor, celebrated a historic liturgy in 1989.

Persons: Pope Francis, Francis, “ Viva, Francisco, ”, Lucrecia Nono, “, John Paul II, John Paul Organizations: Vatican City, Vatican, Catholic Locations: East Timor, Vatican, Asia, Tasitolu, Dili, Indonesia, Papua New Guinea, Singapore

☆ U.S. and Chinese military commanders speak by phone for the first time in years
▼ + stars: | 2024-09-10 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Courtney-Kube-Circle-Byline-Template.Jpg | Courtney Kube | ) www.nbcnews.com time to read: +4 min

The call was the first time in years that the two regional military commanders have engaged in a formal conversation. Citing multiple recent “unsafe interactions” between China’s People’s Liberation Army and U.S. allies, Paparo said the Chinese military had an obligation “to comply with international laws and norms to ensure operational safety,” the readout said. Paparo also urged the Chinese military to reconsider what he said was its use of “dangerous, coercive and potentially escalatory tactics in the South China Sea and beyond,” it added. Both countries announced plans for a call between their military theater commanders after a visit to Beijing late last month by Jake Sullivan, Biden’s national security adviser. A phone call raises the possibility of another in-person meeting between the two leaders before the end of Biden’s term.

Persons: WASHINGTON, Adm, Samuel Paparo, Wu Yanan, Paparo, Wu, John Aquilino, Xi Jinping, Nancy Pelosi, Joe Biden, Xi, Jake Sullivan, Biden, Courtney Kube, Carol E, Lee, Jennifer Jett Organizations: United, United States ’, Pacific Command, China’s, Chinese Ministry of Defense, People’s Liberation Army, U.S, Theater, Eastern, Command, South China, Philippine, Daily, Global Times Locations: United States, U.S, South China, South, Taiwan, China, Beijing, Taiwan Strait, Philippines, Philippine, Manila, California, Washington, Hong Kong

☆ Hundreds of workers strike at major Samsung factory in India
▼ + stars: | 2024-09-10 | by ( Story Reuters | ) edition.cnn.com time to read: +4 min

Production at a key Samsung Electronics plant in southern India was disrupted by hundreds of employees striking for higher wages on Tuesday, as top executives sought to resolve a rare episode of labor unrest. Posters saying “Indefinite Strike” went up outside the factory near the city of Chennai, where hundreds of workers in company uniforms set up tents to shade themselves from the heat. People shop inside a store selling Samsung mobile phones and electronics at Mumbai, India on March 6, 2023. A spokesperson for Samsung India said on Monday that it actively engaged with workers “to address any grievances they may have and comply with all laws and regulations.”Around 800 workers signed a register outside the factory to record their protest. One poster outside the factory exhorted state labor officials not to support management, advising instead: “Discuss and solve demands from the labor union with union officials.”

Persons: E, Muthukumar, Francis Mascarenhas, Veera Raghava Rao, “, ”, Prabhu Ram Organizations: Samsung Electronics, Samsung, India’s, LG Electronics, Reuters, Centre of Indian Trade Unions, Samsung’s Southwest, JB, India, Samsung India, Cybermedia Research Locations: India, South Korea, Sriperumbudur, Chennai, Seoul, Samsung’s, Samsung’s Southwest Asia, Gurugram, New Delhi, Mumbai

City of London skyline on 10th June 2024 in London, United Kingdom. The City of London is a city, ceremonial county and local government district that contains the primary central business district CBD of London. Mike Kemp | In Pictures | Getty ImagesLONDON — European stocks were mixed on Tuesday, following a more positive session at the start of the week. The more mixed picture for European stocks today comes after regional markets closed higher on Monday, shrugging off last week's negative sentiment. Investors are largely looking ahead to next week's meeting of the U.S. Federal Reserve where an interest rate cut is widely anticipated.

Persons: Mike Kemp, Germany's DAX, shrugging Organizations: CAC, Tech, AstraZeneca, Nasdaq, Investors, U.S . Federal Reserve Locations: London, United Kingdom, The City, Asia, Pacific

☆ Wyndham expands into Asia-Pacific with 'owner first' business strategy
▼ + stars: | 2024-09-10 | by ( Monica Pitrelli | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWyndham expands into Asia-Pacific with 'owner first' strategy, says executiveWyndham Hotels & Resorts now has 19 of the company's 25 brands in Asia-Pacific. The company's APAC President Ooi Joon Aun told Squawk Box Asia that the company's success is mainly owing to employing an "owner-first business philosophy" in the region.

Persons: Wyndham, Ooi Joon Aun Organizations: Wyndham Hotels & Resorts Locations: Asia, Squawk

☆ Visiting China in 2024: A guide to visas, mobile payments and more
▼ + stars: | 2024-09-10 | by ( Maggie Hiufu Wong | ) edition.cnn.com time to read: +20 min

We’ve put together a guide to some of the most frequently asked questions regarding China travel. China travel FAQsDo you need a visa to go to China? However, travelers visiting under these visa-free transit programs have more restrictions in terms of places they can visit. Exploring the country via China’s vast high-speed railway network is not an option for those entering under the two transit visa schemes. Beijing, China's capital city, accepts international travelers visiting under the 144-hour visa-free transit program.

Persons: it’s, ”, Denny Tian, Gabriela Correia, Correia, Tian, Greg Baker, Correira, ” Gabriela Correia, David Tucker, We’ve, John Seaton Callahan, China ’, Kevin Frayer, –, ” Correira, you’ve, Didi, Uber, Yan Cong, China’s Organizations: CNN, Immigration Administration, China, Google, Getty, “, Service, Shanghai Hongqiao, Hong Kong, Hong, Hong Kong Immigration, Travelers, Facebook, ”, Publishing, United, US, Baidu, Apple, China Railway, Bloomberg Locations: China, Beijing, Portugal, Shanghai, AFP, “, Hunan, Singapore, Thailand, Austria, Australia, Belgium, France, Germany, Hungary, Ireland, Italy, Luxembourg, Malaysia, Netherlands, New Zealand, Poland, Spain, Switzerland, New York, Japan, South Korea, United Kingdom, United States, Hong Kong, Macau, Jiangsu, Zhejiang, Asia, Tibet, Tibet Autonomous Region, Hainan, China's, Hawaii, ”, Canada

☆ American fast-food giants are going big on a China wager, betting they can get the country's new middle class to love them back
▼ + stars: | 2024-09-10 | by ( Matthew Loh | ) www.businessinsider.com time to read: +11 min

An expansion rate surpassing America'sKFC, run by Shanghai-headquartered Yum China, has historically enjoyed the lion's share of the country's fast-food cravings. Hopes for a new middle class in ChinaCities in China are unofficially grouped into tiers according to their status, size, and wealth. Chinese KFC has nearly doubled its menu itemsExpanding during a sluggish economy might make sense for fast food brands, which are often classified as recession-proof as consumers downgrade their spending. Advertisement"Now, they are doubling down further on this strategy by expanding into the inland regions of China, especially Tier Three and Tier Four cities with a growing middle class," they told BI. Yum China has also been expanding aggressively in the country's burgeoning coffee scene, establishing a popular spin-off called KCoffee.

Persons: —, It's, McDonald's, Shaun Rein, Rein, Allison Malmsten, Malmsten, Cui Nan, Wang Gang, Jonathan Bernstein, Bernstein, Kung Fu, Daxue, it's, They've Organizations: Service, Thursday, Business, McDonald's, Tier, China Market Research Group, KFC, LONG, Future Publishing, Getty Images, China, US, Yum China, Daxue Consulting, Publishing, China News Service, Getty, Analysts, Yonder Consulting Locations: China, Kentucky, Weibo, Hangzhou, China's, Shanghai, China Cities, Beijing, Guangzhou, Shenzhen, Chengdu, Chongqing, Nanyang, Suqian, Jiangsu, London, Asia, Shanghai thronged

☆ Investors are 'dramatically overestimating' an oil glut, Carlyle's Jeff Currie says
▼ + stars: | 2024-09-10 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +2 min

SINGAPORE — Global markets are severely overplaying an oil supply glut, said Jeff Currie, chief strategy officer of energy pathways at private equity giant Carlyle. China's crude oil imports in 2023 had notched a record high. China's oil demand has been declining on the back of a slump in industrial inputs, according the International Energy Agency. On the supply side, black oil production in the U.S., one of the world's top crude oil producers, has been "flat" this year, Currie said. Black oils include crude oil, fuel oil, furnace oil, asphalt and tar.

Persons: Currie, Jeff Currie, Carlyle, I've, Energean Organizations: Asia Pacific Petroleum Conference, SINGAPORE —, International Energy Agency, Reuters Locations: Stanton , Texas, Singapore, SINGAPORE, APPEC, U.S, Egypt, Italy, Croatia

☆ US and Chinese commanders hold rare talks to dial down risk of ‘miscalculation’
▼ + stars: | 2024-09-10 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +4 min

Hong Kong CNN —American and Chinese military commanders spoke in a long-anticipated call Tuesday as the two powers seek to manage their intensifying rivalry in a contentious Asia-Pacific region – and repair lines of military communication severed more than two years ago. Analysts have long warned that a miscalculation in the South China Sea could quickly spiral into a damaging regional conflict between the world’s two largest economies and that a lack of communication could compound those risks. Tuesday’s call marks a rare point of contact between top military officials leading American troops in the Indo-Pacific and Chinese strategy in the Southern and Eastern theater respectively. It comes within a broader, gradual resumption of high-level military communication following a meeting between US President Joe Biden and Chinese leader Xi Jinping in November. Top US and Chinese generals spoke in December after more than a year of silence, and US and Chinese defense chiefs held rare talks on the sidelines of a defense gathering in Singapore in May.

Persons: Pacific Command Adm, Samuel Paparo, Wu Yanan, Army’s, Nancy Pelosi, Jake Sullivan, “ Paparo, ”, Washington’s, Joe Biden, Xi Jinping, Biden Organizations: Hong Kong CNN —, Pacific Command, PLA, Southern Theater Command, Communist Party, White House, Analysts Locations: Hong Kong, Asia, China, South, Taiwan, Beijing, South China, Philippine, Philippines, Washington, Russia, Southern, Eastern, Singapore

☆ In Huawei’s battle against Apple, chips are still a weakness, says analyst
▼ + stars: | 2024-09-10 | by ( Dylan Butts | ) www.cnbc.com time to read: +1 min

Illustration of a user browsing booking information for Huawei's new foldable mobile phone in Suqian, Jiangsu province, China, Sept 8, 2024. As Huawei tries to upstage Apple 's new iPhone with the launch of its own 'trifold phone' on Tuesday, its chip capabilities remain a weakness, despite recent breakthroughs, according to one analyst. Speaking to CNBC's "Squawk Box Asia" on Tuesday, Martin Yang, senior analyst of emerging technologies at Oppenheimer & Co., said Huawei's chip remains two or three years behind the cutting edge. On the back of this success, Huawei has been able to take back market share from Apple in China, the largest smartphone market in the world. However, unlike with the Mate 50, Huawei has not announced a big chip breakthrough for its latest phone launch.

Persons: Martin Yang, Yang Organizations: Huawei, Oppenheimer, Co, Apple Locations: Suqian, Jiangsu province, China

Asia-Pacific markets were mixed on Tuesday, following gains on Wall Street that saw both the S&P 500 and Nasdaq Composite rebound from their worst week of the year. The S&P 500 gained 1.16%, after posting its worst week since March 2023. The Nasdaq Composite also jumped 1.16% following its worst week in more than two years. China's exports grew 8.7% year-on-year in August and imports grew 0.5%, customs data showed, compared to the forecast of 6.5% and 2%, respectively, in a Reuters poll. Apple just wrapped up an event at its headquarters in Cupertino, California, where it unveiled the iPhone 16 Pro and the iPhone 16 Pro Max, which join the iPhone 16 and iPhone 16 Plus the company announced earlier.

Organizations: Nasdaq, Traders, Apple Locations: Shanghai, China, Asia, Pacific, India, Cupertino , California

☆ Japan nominates ex-currency diplomat Kanda to head Asian Development Bank
▼ + stars: | 2024-09-10 | by ( ) www.cnbc.com time to read: 1 min

Masato Kanda, vice-minister of finance for international affairs at Japan's Ministry of Finance, during a press conference after the Group of 20 (G-20) finance ministers and central bank governors meeting. Japan will nominate Masato Kanda, the country's former top currency diplomat, as its candidate to become next head of the Asian Development Bank, Finance Minister Shunichi Suzuki said on Tuesday. Since the ADB was founded in 1966, its top post has always been filled by someone from Japan which, along with the United States, is the bank's biggest shareholder. That makes Kanda a strong candidate to take up the post. "(Kanda) is most appropriate to lead the ADB as he is well-versed in Asia-Pacific affairs and has built deep networks with executives from various countries and international institutions," Suzuki said at a regular press conference.

Persons: Masato Kanda, Shunichi Suzuki, Suzuki Organizations: Japan's Ministry of Finance, Asian Development Bank, Finance, ADB Locations: Japan, United States, Asia, Pacific

☆ Apple will hit a $4 trillion market cap in 2025 as the iPhone 16 sparks big upgrade cycle, Wedbush says
▼ + stars: | 2024-09-10 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

Apple's iPhone 16 launch will drive the company to a $4 trillion valuation by 2025, Wedbush said. Pent-up demand and unchanged prices are set to fuel iPhone 16 sales, especially in China, Ives said. AdvertisementApple's upcoming launch of the iPhone 16 will help catapult the company to a $4 trillion valuation in 2025, according to Wedbush Securities. That pent-up demand among iPhone users who need a new phone will ultimately help fuel iPhone 16 unit sales of 240 million in 2025, he predicted. Apple stock is down about 1.5% since it unveiled its iPhone 16 lineup on Monday.

Persons: Wedbush, Dan Ives, Ives, — Organizations: Service, Wedbush Securities, Apple Intelligence, Apple, Baidu Locations: China, Asia

☆ I flew a little-known, all-business-class airline that flies long-haul to the Maldives. See inside its narrowbody Airbus jets.
▼ + stars: | 2024-09-09 | by ( Taylor Rains | ) www.businessinsider.com time to read: +1 min

Beond, an all-business-class airline, launched in November 2023 with a 21-year-old Airbus A319 plane. The Maldives-based airline flies to Europe and Asia and aims to expand routes with an Airbus A321. Go to newsletter preferences Thanks for signing up! AdvertisementMaldives-focused airline Beond is a largely unknown startup. This story is available exclusively to Business Insider subscribers.

Persons: —, Beond Organizations: airline, Airbus, Service, Business Locations: Maldives, Europe, Asia, Bangkok

☆ Asia's newest billionaire founded a grocery store in 1987 and never gave up any stake — until this week's IPO
▼ + stars: | 2024-09-09 | by ( Lian Kit Wee | ) www.businessinsider.com time to read: +1 min

Lee Thiam Wah, the founder of Malaysian mini-mart chain 99 Speed Mart, is Asia's latest billionaire. The company went public on Monday, becoming the largest Malaysian IPO in seven years. Lee grew the business from eight stores to over 2,600 across Malaysia, the largest mini-mart chain in the nation. AdvertisementLee Thiam Wah started selling snacks at a roadside stall. He founded the convenience store chain 99 Speed Mart and officially became a billionaire on Monday after his company went public in Kuala Lumpur.

Persons: Lee Thiam Wah, Lee, — Organizations: Malaysian, Service, Business Locations: Malaysian, Malaysia, Kuala Lumpur

Dili, East Timor CNN —Pope Francis received a rapturous welcome from the tiny Southeast Asian nation of East Timor, one of the world’s most Catholic countries, where more than half the population is expected to turn out for an open-air mass on Tuesday. People wait for Pope Francis to arrive at the Cathedral of the Immaculate Conception in Dili, East Timor, on September 10, 2024. Pope Francis greets Catholic worshipers in Dili, East Timor, on September 10, 2024. Four hundred years of ensuing Portuguese colonial rule led to the widespread spread of Catholicism in East Timor and other cultural differences from Muslim-majority Indonesia. East Timor is also on track to become the 11th member of the Southeast Asian bloc ASEAN, which could happen next year.

Persons: East Timor CNN — Pope Francis, Francis, Pope Francis, Firdia, ”, Willy Kurniawan, Francis ’, Carlos Ximenes Belo, Pope Francis ’, Pope John Paul II, Christina Kheng, ” Pope Francis, Guglielmo Mangiapane, Bishop Belo, Jose Ramos, Belo, Groene Amsterdammer, defrocked, Richard Daschbach, Xanana Gusmao, Mary, Bishop, Suharto’s Organizations: East Timor CNN, Timor Leste, Catholic Church, Timor, CNN, Asian Pastoral Institute, Reuters, US, Australia, Southeast, ASEAN, Vatican, Belo, East Timor, Jakarta, UN Locations: Dili, East Timor, Asia, strollers, Dili , East Timor, Timor, Indonesia, Papua New Guinea, Singapore, Australia, Portuguese, East, United States, Horta, Portugal, Santa Cruz, East Timor’s, Bishop Belo, Indonesian, Jakarta, Australian

☆ K-pop is more popular than ever, but that isn't helping agency stock prices
▼ + stars: | 2024-09-09 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +6 min

Hybe Corporation is the largest and listed on the blue-chip Kospi, while SM Entertainment, JYP Entertainment and YG Entertainment are on the small-cap Kosdaq. Physical sales have historically accounted for the lion's share of a label's revenue, Kim said, and has also been the most profitable segment. High physical sales, she explained, represent the number of fans, which, by extension, quantifies the addressable market for a company. watch nowDeclining physical album sales not only hits earnings, but also raises questions about whether the investment thesis of "continual high growth" has collapsed. "A physical album is useless and even a burden because it occupies space.

Persons: Jimmy Fallon, Hybe, Yoon Suk Yeol, Danielle, Hyein, NewJeans, Gary Miller, Blackpink, Kim Gyuyeon, Lisa, Jennie, Emma McIntyre, Emma Mcintyre, Kim, Simply, Mirae's Kim Organizations: NBC, NBCUniversal, Getty, Hybe, SM Entertainment, JYP Entertainment, YG Entertainment, SM, YG, YouTube, Spotify, CNBC, Park, Filmmagic, Coachella, London's, Big, Mirae Asset Securities, BTS, Valley Music, Arts Festival, JYP, Seoul Economic, South Locations: United States, Southeast Asia, Korean, CHICAGO , ILLINOIS, Chicago , Illinois, South, U.K, INDIO , CALIFORNIA, Indio , California, Seoul

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