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New York CNN —Drivers in the state of Washington are celebrating the official start of summer with an unwelcome sight: America’s most expensive gas prices. Prior to the past few days, Washington has never been the most expensive state for gas in data going back to 2005, GasBuddy told CNN. Even though Washington has the highest average price, gas stations near major California cities are still charging heavily for gas. Washington state’s average gas price is nearly $2 a gallon above that of America’s cheapest state for fuel: Mississippi, where gas prices average $3.01 a gallon. No state has enjoyed a bigger plunge in gas prices than Delaware, where the state average is down by $1.61 a gallon over the past year, according to AAA.
Persons: Patrick De Haan, GasBuddy, It’s Organizations: New, New York CNN, Drivers, AAA, CNN, Michigan Locations: New York, Washington, California, GasBuddy, Pacific Northwest, Hawaii, America, King County, Seattle, Skamania, Mississippi, Ukraine, Delaware, Indiana, Alaska, Texas
CNN —When President Joe Biden referred to his Chinese counterpart as a dictator late Tuesday in California, the response from Beijing was swift and angry. Whether the new acrimony further derails a “thaw” in US-China ties, something that Biden has openly hoped for, remained an open question. “He didn’t know about it,” Biden told donors. Biden and Xi last met at a G20 conference in Bali. “You just saw what’s happened in Italy in that election,” Biden told the donors and Democratic officials at a Washington, D.C. fundraiser.
Persons: Joe Biden, , Biden, Xi Jinping, ” Biden, , Antony Blinken, Blinken, Blinken hasn’t, Blinken’s, , John Kerry, Xi, Donald Trump, John Kirby, Kirby, “ We’re, Dmitry Peskov, Peskov, Vladimir Putin’s, Emmanuel Macron Organizations: CNN, White, Democratic, APEC, Biden, Mar, National Security, Japan –, New York City Locations: California, Beijing, China, Marin County, , , Washington, India, Bali ., San Francisco, United States, Australia, Japan, Russia, New York, Italy, America, Cornish, England
That’s what’s a great embarrassment for dictators, when they didn’t know what happened,” Biden told attendees at the fundraiser in the Bay Area, referring to the Chinese spy balloon that the US shot down earlier this year. “He called me and told me not to do that because it was putting him in a bind,” Biden said, referring to the Chinese president. The region has taken on a greater importance for Washington as China has become increasingly assertive over its territorial claims in the area, expands its naval capabilities and militarizes islands in the South China Sea. “Now we have India, Australia, Japan and the United States working hand in glove in the South China Sea, in the Indian Ocean. We have a situation where I’ve met with all 50 of the major maritime states in East Asia,” Biden said in California.
Persons: Joe Biden, Xi Jinping, , Antony Blinken, what’s, ” Biden, Biden, Blinken’s, , John Kerry, Blinken –, Xi, “ We’re, ” Blinken, I’ve Organizations: San Francisco , CA CNN, CNN, House, Japan –, South Pacific Locations: San Francisco , CA, California, Washington, Beijing, Bay, China, United States, India, Australia, Japan, South, South China, East Asia
The New York City tri-state area ranked as the most expensive on the list. While the average rent in Newark is $1,850 and $2,500 in Jersey City, in New York City it is $3,610, according to Zillow's rental manager. The metro area of New York City, N.Y., Newark, Jersey City, N.J ranked as the most expensive for renters. 2 on the list is the Miami, Fort Lauderdale and Pompano Beach, Florida metro area. The Oxnard, Thousand Oaks and Ventura area in California ranked third on the list.
Persons: Payscale, Alexander Spatari, John Elk Iii Organizations: New, Urban, Washington D.C, The New York City, Thousand Oaks, Bank, Getty Locations: New York City, N.Y, Newark, Jersey City, N.J, Miami, Fort Lauderdale, Pompano Beach, Fla, Oxnard, Thousand Oaks, Ventura, Calif, San Diego, Chula Vista, Carlsbad, Urban Honolulu, Hawaii Los Angeles, Long Beach , Anaheim, Napa , Calif, Naples, Marco Island, Washington, Arlington, Alexandria, Virg . Bridgeport , Stamford , Norwalk, Conn, Pompano Beach , Florida, Florida, California
Big brands from Bud Light to Disney to Starbucks have recently been entangled in the culture wars. Their involvement in LGBTQ+ representation has made waves among advocates and conservatives alike. But more big companies are quietly working behind the scenes to boost LGBTQ+ representation. Among these same big companies, the number of LGBTQ+ board members rose to 39 from 26 last year. The fracas has now pushed Bud Light from atop the list of best-selling beers in the US.
Persons: Bud Light, , Garth Brooks, Paul Washington, Washington, they've, Roe, Brian Bueno, Dylan Mulvaney, Sarah Kate Ellis, Ellis, Bueno Organizations: Starbucks, Service, Disney, Adidas, LA Dodgers, Fortune, Nasdaq, Leadership, Companies, ESG, Board, Supreme, Farient Advisors, Global Governance, Group, GLAAD, Nike Locations: Americana, Wade, America
TOKYO, June 15 (Reuters) - The Pacific island nation of Palau has asked the United States to step up patrols of its waters after several recent incursions by Chinese vessels into its exclusive economic zone, President Surangel Whipps Jr. told Reuters in an interview. Palau identified Chinese vessels in its waters as recently as last month, when a ship appeared to be surveying an area near fibre optic cables vital to the country's communications, Whipps Jr. said. He said he would raise the issue of the incursions at the regional Pacific Islands Forum leaders meeting in November. The plan has been criticised by some local fishermen and neighbouring countries, including South Korea, China, and some Pacific island nations. But Whipps Jr. said he was not opposed to the plan and that he sensed regional resistance was also waning.
Persons: Surangel Whipps Jr, Whipps Jr, Whipps, Lloyd Austin, We've, Sakura Murakami, John Geddie, Michael Perry Organizations: Reuters, Pentagon, Pacific Islands Forum, U.S . Defense, U.S, ichi, Thomson Locations: TOKYO, Palau, United States, Washington, Beijing, Tokyo, Micronesia, Marshall, China, Solomon, U.S, Australia, New Zealand, Papua New Guinea, Singapore, Japan, South Korea
MLB roundup: Andrew McCutchen gets 2,000th, Pirates win
  + stars: | 2023-06-12 | by ( ) www.reuters.com   time to read: +13 min
Pittsburgh starter Mitch Keller (8-2) pitched seven innings, allowing one run and a season-low two hits, with seven strikeouts and two walks. Washington starter Trevor Williams (3-4) worked five innings and allowed two runs on seven hits, one walk and six strikeouts. Toronto right-hander Kevin Gausman allowed six runs, seven hits and four walks in 4 2/3 innings before the bullpen locked down the victory. Ian Gibaut (6-1) recorded five outs to earn the victory and Alexis Diaz pitched the ninth inning to earn his 15th save. The Giants erupted for 15 hits, seven for extra bases, and their fourth-most runs of the year to salvage one win in the three-game set.
Persons: Andrew McCutchen, Charles, Read, Marcano, Jack Suwinski, Mitch Keller, David Bednar, Jeff McNeil, Carlos Carrasco, Jorge Soler, Bryan De La Cruz, Luis Robert Jr, Soler, Garrett Cooper, Bryan Hoeing, Puk, Kendall Graveman, Seth Brown, Brent Rooker, Esteury Ruiz, JP Sears, Trevor May, Sam Long, Abraham Toro, Blake Perkins, Nolan Jones, Coco Montes, Ezequiel Tovar, Ryan McMahon, Jake Cronenworth, Fernando Tatis Jr, Blake Snell, McMahon, Tom Cosgrove, Brent, Jones, Enrique Hernandez, Kenley Jansen, Hernandez, Ron Marinaccio, Adam Duvall, Justin Turner, Triston Casas, Chris Martin, DJ LeMahieu, Anthony Volpe, Zach Neto, Shohei Ohtani, Matt Thaiss, Taylor Ward, Logan Gilbert, Griffin Canning, Teoscar Hernandez, Mike Ford, Gilbert, Corbin Carroll, Christian Walker, Kevin Ginkel, Scott McGough, Zach McKinstry, Arizona's Emmanuel Rivera, Jason Foley, Ketel Marte, Carroll, Rivera, Lourdes Gurriel Jr, flied, Walker, Marte, Kerry Carpenter, Geraldo Perdomo, Shane Bieber, Andres Gimenez, Josh Bell, Bieber, Bell, Brandon Bielak, Gimenez, Candelario, Dominic Smith, Washington, Matt Olson's, Atlanta's Bryce Elder, Elder, Trevor Williams, Nick Castellanos, Bryson Stott, Trea Turner, Bryce Harper, Taijuan Walker, Freddie Freeman, Jason Heyward, Caleb Ferguson, Gunnar Henderson, Ramon Urias, Ryan O'Hearn, Kyle Gibson, Salvador Perez, Mike Mayers, Carlos Hernandez, Franco, Shane McClanahan, Harold Ramirez, Robbie Grossman, Marcus Semien, Corey Seager, McClanahan, Matt Chapman, Kevin Gausman, Louie Varland, Donovan Solano, Alex Kirilloff, Trevor Larnach, Royce Lewis, Elly De La Cruz, Louis, De La Cruz, Ian Gibaut, Alexis Diaz, Adam Wainwright, Jordan Hicks, Nolan Arenado, Joc Pederson, Thairo Estrada, Brandon Crawford, shellacking, Pederson, Estrada, Blake Sabol, Michael Conforto, Nico Hoerner, Crawford Organizations: Pittsburgh Pirates, New York Mets, PNC, Pirates, National League Central, Pittsburgh, Mets, Marlins, White Sox, Miami, Chicago, The White Sox, Athletics, Brewers, Oakland, Milwaukee, Rockies, Padres, Colorado, San Diego, San, The Rockies, Brent Honeywell, Red Sox, Yankees, Boston, Triston, Mariners, Angeles, Seattle, Angels, Diamondbacks, Tigers, Detroit, Astros, Cleveland, Houston, Guardians, Nationals, Braves, Washington, Atlanta, House, Phillies, Dodgers, Philadelphia, Los, Orioles, Royals, Baltimore, Kansas City, Rays, Rangers, Tampa Bay, Texas, Blue Jays, Twins, Cavan Biggio, Toronto, Minnesota, Reds, Cardinals, Cincinnati, St, Giants, Cubs, The Giants, Thomson Locations: Pittsburgh , Pennsylvania, USA, Milwaukee, San, Denver, Colorado, San Diego, New York, Bronx, Boston, Anaheim , Calif, Arizona, Walker, Washington, Los Angeles, St . Petersburg, Fla, Texas, Toronto, San Francisco, Chicago, California
WASHINGTON, June 9 (Reuters) - China has been spying from Cuba for some time and upgraded its intelligence collection facilities there in 2019, a Biden administration official said on Saturday, following a report about a new spying effort underway on the island. The official said the issue predated Joe Biden's presidency, as had Beijing's efforts to strengthen its intelligence collection infrastructure worldwide. "The PRC (People's Republic of China) conducted an upgrade of its intelligence collection facilities in Cuba in 2019. That includes a trip to China that U.S. officials say Secretary of State Antony Blinken is planning for June 18. The official said U.S. diplomats had engaged governments that were considering hosting Chinese bases and had exchanged information with them.
Persons: Biden, Joe Biden's, Carlos Fernandez de Cossio, Antony Blinken, Washington's, Donald Trump, Andrea Shalal, Phil Stewart, Dave Sherwood, Daniel Wallis Organizations: Biden, People's, Cuban, Foreign, Thomson Locations: China, Cuba, Florida, U.S, People's Republic of China, Washington, Cuban, America, Beijing, United States, Coast, Havana
He said the United States has had "real concerns" about China’s relationship with Cuba and was closely monitoring it. Brigadier General Patrick Ryder, a U.S. Defense Department spokesperson, said: "We are not aware of China and Cuba developing a new type of spy station." If such a facility is built, the Chinese will use Cuba "as a beachhead for collection against the United States," said Daniel Hoffman, a former senior CIA undercover officer. Cuba, an old Cold War foe of the United States, has long been a hotbed of espionage and spy games. It backed down and removed the missiles, but it is widely regarded as the moment when the United States and the Soviet Union came closest to a nuclear confrontation.
Persons: Fort Bragg, John Kirby, General Patrick Ryder, Jose Cabanas, Washington, Joe Biden's, Antony Blinken, Washington's, House's Kirby, Bob Menendez, , Daniel Hoffman, Biden, Vladimir Putin, Matt Spetalnick, Jonathan Landay, Doina Chiacu, Trevor Hunnicutt, David Brunnstrom, Patricia Zengerle, Dave Sherwood, Michael Martina, Kanishka Singh, Phil Stewart, Idrees Ali, Nick Zieminski, Alistair Bell, Daniel Wallis Organizations: Wall Street, White House, Pentagon, U.S, U.S . Central Command, Tampa . Fort Liberty, Fort, White House National Security Council, Reuters, U.S . Defense Department, Embassy, Senate Foreign Relations, CIA, Taiwan’s National Security Bureau, Cuban, Moscow, Soviet Union, Thomson Locations: China, Cuba, Florida, Beijing, U.S, Tampa . Fort, North Carolina, United States, Washington, Cuban, America's, Coast, South, Taiwan, South China, Havana, Soviet, Lourdes, Russian
Such a spy installation would allow Beijing to gather electronic communications from the southeastern United States, which houses many U.S. military bases, as well as monitor ship traffic, the newspaper reported. The countries have reached an agreement in principle, the officials said, with China to pay Cuba "several billion dollars" to allow the eavesdropping station, according to the Journal. The intelligence on the plans for a Cuba station was gathered in recent weeks and was convincing, the Journal reported. Cuba, an old Cold War foe of the United States, has long been a hotbed of espionage and spy games. It backed down and removed the missiles, but it is widely regarded as the moment when the United States and the Soviet Union came closest to a nuclear confrontation.
Persons: Fort Bragg, John Kirby, Biden, Antony Blinken, Washington's, Bob Menendez, , Vladimir Putin, Doina Chiacu, Matt Spetalnick, David Brunnstrom, Patricia Zengerle, Dave Sherwood, Jonathan Landay, Nick Zieminski, Alistair Bell Organizations: Wall Street, U.S, U.S . Central Command, Tampa . Fort Liberty, Fort, White House National Security Council, Embassy, Senate Foreign Relations, Capitol, Reuters, Taiwan’s National Security Bureau, Cuban, Moscow, Soviet Union, Thomson Locations: China, Cuba, Florida, Beijing, United States, Tampa . Fort, North Carolina, People’s Republic, Washington, Cuban, U.S, America's, Coast, South, Taiwan, South China, Havana, Soviet, Lourdes, Russian
CHONGQING, CHINA - MAY 4, 2023 - Young technicians test the quality of electronic chips at a dust-free production workshop in Chongqing, China, May 4, 2023. CFOTO | Future Publishing | Getty ImagesIndustry analysts are optimistic that Chinese chip makers will develop their own advanced semiconductors despite Washington's attempts to cut the country off from accessing or manufacturing the technology. Washington also reportedly urged South Korea to not let its chip makers fill Micron's void in China. China is pouring more than 1 trillion Chinese yuan ($140 billion) into its chip industry, according to a Reuters report. Domestic chip makers already benefit from government subsidies and state-backed research projects.
Persons: Daniel Newman, Paul Scharre, Washington, Jensen Huang, Huang Organizations: Getty Images Industry, Futurum Group, CNBC, Nvidia, Huawei, Wall Street, New, Micron Technology Locations: CHONGQING, CHINA, Chongqing, China, New American, May, South Korea, Taipei
Jimmy Carter's legacy: How he welcomed refugees
  + stars: | 2023-06-04 | by ( Catherine E. Shoichet | ) edition.cnn.com   time to read: +14 min
These steps Carter took during his presidency are still shaping the United States, decades after he left office. Because of Carter’s actions, hundreds of thousands of people fleeing persecution had a chance to come to the United States when he was commander-in-chief. A crisis that began before Carter took office was becoming increasingly dire by the day. That respect, Nguyen says, was earned by actions that Carter took that changed the course of her parents’ lives. “They were only able to do so because of the political courage exercised by President Carter,” she says.
Persons: Jimmy Carter’s, hasn’t, Carter, , Kai Bird, Jimmy Carter, Bird, Carter didn’t, Fred Ihrt, ” Carter, Bee Nguyen, it’s, Nguyen, , , ” Nguyen, President Carter, AAPIHeritageMonth, , ♥️, ince, ives, K unis,, inger, egina, sia, ould, ong, ake, ariel, haring, J, ross Organizations: CNN, CBS, The New York Times, White, ust, ashington Locations: United States, Southeast Asia, Vietnam, Saigon, Georgia, Thailand, Iowa, America, ife
MLB roundup: Padres' stars shine in shutout of Cubs
  + stars: | 2023-06-04 | by ( ) www.reuters.com   time to read: +12 min
Strider (6-2), who now has 113 strikeouts in 12 starts, worked six-plus innings, allowing three hits, two runs and four walks. Diamondbacks starter Ryne Nelson (2-3) took the loss, allowing three runs on six hits in 4 2/3 innings. Corey Seager had three hits, three runs and three RBIs and Nathaniel Lowe had three hits and three RBIs for the Rangers. Javier (7-1) limited the Angels to one run on six hits with no walks and five strikeouts over six innings. Guardians rookie left-hander Logan Allen (3-2) allowed two runs and seven hits in six innings to win his second straight start.
Persons: Yu Darvish, Ray Acevedo, Fernando Tatis Jr, Brandon Dixon, Trent Grisham, Tatis, Drew Smyly's, Seong Kim, Grisham, Jeremiah Estrada, Darvish, Spencer Strider, Ronald Acuna Jr, Eddie Rosario, Marcel Ozuna, Ryne Nelson, Evan Longoria, Jake Bauers, Aaron Judge, Oswaldo Cabrera, Gerritt Cole, Cole, Bauers, Michael Grove, Judge, J.D . Martinez, Justin Turner's, Alex Verdugo, Turner, Masataka Yoshida, Pablo Reyes, Corey Kluber, Tampa Bay's Yandy Diaz, Wander Franco, Diaz, Harold Ramirez, Francisco Mejia, Kenley Jansen, Mejia, Yandy Diaz, Brandon, wouldn't, Marcus Semien, Corey Seager, Nathaniel Lowe, Lowe, Mitch Garver, Leody Taveras, Andrew Heaney, Seattle's Bryson Woo, Vladimir Guerrero Jr, David Robertson, George Springer's, Springer, Guerrero, Jose Berrios, Tylor Megill, Connor Joe, Carlos Santana, Louis, Ke'Bryan Hayes, Luis L, Ortiz, Dauri Moreta, Nolan Gorman, Willson Contreras, Jordan Montgomery, Yoan Moncada, Andrew Benintendi, Reynaldo Lopez, Zach McKinstry, Realmuto, Matt Strahm, Dylan Covey, Washington, MacKenzie Gore, Alex Bregman, Cristian Javier, Javier, Bregman, Shohei Ohtani, Blake Perkins, Perkins, Graham Ashcraft, Will Brennan, Logan Allen, Emmanuel Clase, Sonny Gray, Gray, Jorge Polanco, Alex Cobb, Wilmer Flores, San Francisco, Kyle Bradish, Davis, Flores, Cobb, Aaron Hicks, Ryan O'Hearn, Bradish, Luis Arraez, Arraez, Joey Wendle, Eury Perez, Luis Medina, Elehuris Montero, Ryan McMahon, Randal Grichuk, Charlie Blackmon, Matt Carasiti, Nick Pratto, Maikel Garcia, Drew Waters, Salvador Perez Organizations: San Diego Padres, Chicago Cubs, USA, Padres, Cubs, Braves, Diamondbacks, Atlanta, Arizona, Yankees, Dodgers, Los, J.D, Red Sox, Rays, Boston, Tampa Bay, Rangers, Mariners, Seattle, MLB, Texas, Blue Jays, Mets, Pirates, Cardinals, Pittsburgh, White Sox, Tigers, Chicago, Detroit, Friday, Phillies, Philadelphia, Washington, Nationals, Astros, Angels, Houston, Brewers, Reds, Milwaukee, Cincinnati, The Brewers, Cleveland, Minnesota, Twins, Giants, Orioles, Baltimore, The Giants, San, Marlins, Athletics, Miami, Oakland, Royals, Kansas City, Rockies, Thomson Locations: San Diego , California, USA, Petco, Phoenix, New York, Los Angeles, Tampa, Texas, Arlington , Texas, Semien, Toronto, Minnesota, San Francisco, Colorado
WASHINGTON, June 2 (Reuters) - U.S. congressional leaders on Friday invited Indian Prime Minister Narendra Modi to address a joint meeting of the House of Representatives and Senate on June 22, one of the highest honors Washington affords to foreign dignitaries. The speech would be Modi's second to a joint meeting of the U.S. legislature, a rare honor for a leader once denied a visa to enter the United States over human rights concerns. The State Department's annual report on human rights practices released in March listed "significant human rights issues" and abuses in India. Addresses to joint meetings of Congress are generally reserved for the closest U.S. allies or major world figures. In their letter, McCarthy, Schumer, McConnell and Jeffries said the address would celebrate the enduring friendship between the United States and India.
Persons: Narendra Modi, Kevin McCarthy, Chuck Schumer, Mitch McConnell, Hakeem Jeffries, Modi, Joe Biden, Yoon Suk, Volodymyr Zelenskiy, Jawaharlal Nehru, George W, Bush, McCarthy, Schumer, McConnell, Jeffries, Patricia Zengerle, Doina Organizations: Indian, Washington, Republican, Democratic, White House, Bharatiya Janata Party, South, Senate, Thomson Locations: U.S, United States, China, India . New Delhi, Washington, Russia, Ukraine, Delhi, Indian, Gujarat, India
WASHINGTON, June 2 (Reuters) - A senior aide to U.S. President Joe Biden expressed concern about events in northern Kosovo in calls with Prime Minister Albin Kurti and Serbian President Aleksandar Vucic, the White House said on Friday. In both calls, the White House said Finer expressed concern about the situation and pushed for all parties to reduce conflict. Washington also expected both sides to re-engage in a European Union dialogue and "to fully implement the normalization agreement" reached earlier this year. In violence on Monday, 30 peacekeepers and 52 Serbs who protested against the installation of ethnic-Albanian mayors were injured. The presidents of Serbia and Kosovo insisted on Thursday that they want to defuse the crisis but have shown little sign of backing down from their opposing positions.
Persons: Joe Biden, Albin Kurti, Aleksandar Vucic, Biden's, Jon, Kurti, Biden, Vucic, Trevor Hunnicutt, Grant McCool Organizations: U.S, White, House, Union, NATO, Thomson Locations: Kosovo, Serbian, Kosovo's, Pristina, Serbia, Washington
Shein partners with Reliance in major India comeback
  + stars: | 2023-05-26 | by ( Michelle Toh | ) edition.cnn.com   time to read: +3 min
Hong Kong CNN —Shein is plotting a major comeback in India, nearly three years after it was booted out of the country. The fast fashion giant is partnering with the retail arm of Mukesh Ambani’s Reliance Industries, a Shein spokesperson confirmed Friday. “We can confirm Shein’s partnership with Reliance Retail and have no additional comment at this time,” a Shein spokesperson said. A powerful partnerIts new partnership with Reliance Retail, which bills itself as the country’s largest retailer, could be a game-changer. Shein has said it doesn’t have any suppliers in the Xinjiang region, and it has zero tolerance for forced labor.
Persons: Hong Kong CNN — Shein, Mukesh Ambani’s, Shein, Bain, , Sania Farooqui Organizations: Hong Kong CNN, Industries, Wall Street, Financial Times, Reliance, Reliance Retail, Burberry, Apple, US Securities and Exchange Commission Locations: Hong Kong, India, Zara, China, Singapore, , Washington, Xinjiang, New Delhi
According to China's broad definition of critical information infrastructure, this could include sectors ranging from transport to finance. "The review found that Micron's products have serious network security risks, which pose significant security risks to China's critical information infrastructure supply chain, affecting China's national security," the Cyberspace Administration of China (CAC) said in a statement. China announced its review of Micron's products in late March. The larger chunk of Micron's products flowing into China are being purchased by non-Chinese firms for use in products manufactured there, according to analysts. China in September 2021 imposed rules aimed at protecting critical information infrastructure, which require their operators to comply with stricter requirements around areas such as data security.
“One, two, three,” Hernandez, founder of the Pacific Islander dance group Lei Pasifika, yells out. “It makes them less homesick.”According to the US Census Bureau, Native Hawaiian and Pacific Islanders were the fastest growing ethnic population in the US from 2020 to 2021. And in big cities with a large Pacific Islander presence, like New York, Portland, Oregon, and San Diego, many US-born Pacific Islanders as well as transplants are keeping their culture alive through dance. It’s a way for Pacific Islanders, especially young people, “to find themselves” and get connected with their ethnic identity and cultures, she notes. Mann says they noticed a growing number of Pacific Islanders, including those who aren’t Native Pacific Islanders but grew up in the islands, wanting to learn more about the culture and participate in dances.
Investors trimmed their exposure to China amid economic uncertainty in the country, rising geopolitical tensions and Beijing’s crackdown on international consulting firms. The Nasdaq Golden Dragon China Index has lost more than 5% since April 18. Another concern for global investors is the country’s “fundamental investability,” he said, referring to geopolitical and Chinese policy risks. Ontario Teachers’ Pension Plan, one of the world’s largest pension funds, has closed its Hong Kong-based China equity investment team. “The more cracks appear in Western economies,” the more global investors will need to put money into Chinese assets, he added.
Japan takes center stage on Friday, with the April consumer price inflation report grabbing the data spotlight and the Group of Seven leaders summit in Hiroshima stealing the global political and economic limelight. The broad Topix index hit that milestone this week, and the Nikkei 225 index came within 0.5% of reaching it on Thursday. As Phil Suttle, a former World Bank economist, wrote on Thursday: "Japan is back!" G7 leaders begin a three-day summit in Hiroshima on Friday, with world market attention focused most on what they say about China. Here are three key developments that could provide more direction to markets on Friday:- Japan CPI inflation (April)- G7 leaders summit (Japan)- Fed Chair Jerome Powell speaksBy Jamie McGeever; editing by Deepa BabingtonOur Standards: The Thomson Reuters Trust Principles.
After years of war, Assad returns to Arab fold
  + stars: | 2023-05-18 | by ( ) www.reuters.com   time to read: +5 min
* Aug. 2011 - U.S. President Barack Obama says Assad has lost legitimacy to rule and should surrender power. * Nov. 2011 - The Arab League suspends Syria and urges its army to stop killing civilians. * Sept. 2015 - Russia joins the war on Assad's side, deploying war planes that bomb rebel-held areas - a turning point in the conflict. * March 2022 - Assad visits the United Arab Emirates and meets its leaders, his first trip to an Arab state since 2011. Assad says he will only meet Erdogan when Turkey is ready to withdraw forces from Syria.
Goldman Sachs analyzed company 10-K filings to determine the geographic revenue exposure of each stock in the S & P 500. They found a number of stocks with revenue exposure to Greater China of over 40%. If China continues to show an uneven path of recovery in the wake of its stringent Covid restrictions being lifted, these stocks could be hurt. Companies that generate a significant amount of sales from Greater China were exclusively in the chip industry, according to Goldman. Monolithic Power Systems is on the top of the list with 65% of its 2022 revenue derived from Greater China, according to Goldman.
A general view of fans in front of the Washington Commanders logo during the first half of the game between the Washington Commanders and the Philadelphia Eagles at FedExField on September 25, 2022 in Landover, Maryland. The NFL's Washington Commanders entered into a deal to be sold to a consortium led by private-equity financier and professional sports team owner Josh Harris, the sides announced Friday. "League staff and the finance committee will review details of the proposed Washington transaction," the NFL said. The deal comes months after team owner Dan Snyder hired investment bankers to explore a sale, CNBC previously reported. Snyder wasn't being forced to sell the team despite mounting pressure among other owners to have him removed as owner.
CNN —For Recep Tayyip Erdogan, Turkey’s longest serving ruler, Sunday’s upcoming election may be the end of a two-decade winning streak. Following an attempted coup to unseat Erdogan, the Russian president called his Turkish counterpart and offered his country’s support. Still, it was not enough to change the eastern tilt of Turkish foreign policy. Whether Erdogan wins or loses, Ankara is unlikely to untangle itself from Moscow and turn back to the West. (The Turkish president has previously dismissed concerns about press freedom in his country).
Though rent growth has slowed in recent months, renters in large cities are still feeling the effects of the 2021-22 rent boom. Residents of these places are now asking the question: If so many people left, why is my rent still so expensive? The first was outbound migration, which led to weaker housing demand in city centers. "High house prices, high rents, and rising interest rates are probably pushing back against household formation," Ozimek told me. If more employees keep adopting remote work — which, I'll admit, is a big "if" — that indicates housing demand is bound to increase.
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