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☆ For U.K. Defense Secretary: Exit the Ex-Soldier. Enter the Political Operative.
▼ + stars: | 2023-08-31 | by ( Mark Landler | More About Mark Landler | ) www.nytimes.com time to read: +1 min

LONDON — When Rishi Sunak replaced Liz Truss as British prime minister last fall, White House officials said they didn’t worry about his support for Ukraine because he left in place the respected soldier-turned-defense secretary Ben Wallace, who had orchestrated Britain’s unstinting military support of the Ukrainians. Now Mr. Wallace has stepped down, and in his place Mr. Sunak has appointed Grant Shapps, a politically savvy Conservative Party operative and close personal ally of the prime minister, but a man with little foreign policy and no battlefield experience. Mr. Shapps, who has held no fewer than four ministerial posts in the past year, vowed to continue the “U.K.’s support for Ukraine in their fight against Putin’s barbaric invasion.” But as Britain faces a general election in 2024, the shift from Mr. Wallace to Mr. Shapps could augur a new, more politicized phase in its involvement in Ukraine. Conservative leaders “perceive him as one of their great communicators,” said Jill Rutter, a senior research fellow at the U.K. in a Changing Europe, a think tank in London. “It may signal that they see defense as a sort of battleground.”

Persons: Rishi Sunak, Liz Truss, Ben Wallace, Britain’s, Wallace, Sunak, Grant Shapps, Shapps, Mr, “, ”, Jill Rutter Organizations: White, Ukraine, Conservative Party, Conservative Locations: Britain, Ukraine, London

☆ U.K. Replaces Defense Secretary Ben Wallace With Grant Shapps
▼ + stars: | 2023-08-31 | by ( Mark Landler | More About Mark Landler | ) www.nytimes.com time to read: +1 min

His replacement, Grant Shapps, a politically astute Conservative Party operative, has signaled that he would maintain Britain’s support for Ukraine. Mr. Shapps has held multiple cabinet posts and is a close ally of Prime Minister Rishi Sunak, though he has far less foreign policy and security experience than Mr. Wallace. Mr. Wallace’s departure has been long in the works — he was floated by Downing Street in an unsuccessful bid for NATO secretary general — but Mr. Shapps’ appointment was a surprise. Mr. Shapps has already held no fewer than four ministerial posts in the past year, a tumultuous stretch for Britain’s government. Mr. Sunak’s predecessor, Liz Truss, named him home secretary in the chaotic final days of her tenure.

Persons: Ben Wallace, Grant Shapps, Shapps, Rishi Sunak, Wallace, Mr, Wallace’s, —, Sunak’s, Liz Truss, Truss’s, Boris Johnson Organizations: White House, Pentagon, Ukraine, Russia, Conservative Party, NATO Locations: Ukraine

☆ A Resurgent Labour Party Sees Scotland as a Springboard to Power
▼ + stars: | 2023-08-31 | by ( Mark Landler | More About Mark Landler | ) www.nytimes.com time to read: +1 min

For Britain’s opposition Labour Party, the road to 10 Downing Street is likely to run through Scotland. Ms. Scott, 18, a geography student who studies in Edinburgh, enthusiastically supported the Scottish National Party in past ballots. representative, Margaret Ferrier, who was forced out of her seat on Aug. 1 after violating lockdown rules during the coronavirus pandemic. She also thinks the Labour Party has better proposals to cope with a grinding cost-of-living crisis that has left people fed up and exhausted. Ms. Scott signed a petition to recall Ms. Ferrier, which triggered this by-election, and now said she was “leaning slightly toward Labour, based on how proactive they’ve been.”

Persons: Cara Scott, Scott, Margaret Ferrier, Ferrier, ” Organizations: Labour Party, Labour, Scottish National Party Locations: Scotland, Glasgow, Edinburgh

☆ Fact Check-Indian space rover didn’t permanently mark lunar surface with state logo
▼ + stars: | 2023-08-30 | by ( Reuters Fact Check | ) www.reuters.com time to read: +2 min

The image shows both emblems running between what appears to be tire marks printed diagonally across a grey surface. The image is not authentic, however, and was created as artwork prior to the rover making landfall on Aug. 24 (here). No such image can be seen when searching through the ISRO website or social media feeds (www.isro.gov.in/), (www.instagram.com/isro.dos/). A copyright symbol can be seen at the bottom left corner of the image alongside a name, Krishanshu Garg. The earliest iteration Reuters could find of the image stems from Garg’s Instagram account posted on the day the rover landed on the lunar surface (here).

Persons: “ I’m, I’ve, ”, Read Organizations: Indian Space Research Organisation, Tyres, Twitter, ISRO, Reuters Locations: India, Chandrayaan

Waters had also served as the head of the Office of China Coordination - informally known as 'China House' - a unit the department created late last year to meld China policies across regions and issues. Whether Lambert will assume the China House coordinator title is still being discussed, sources said. It was unclear when the State Department will formally announce the appointment. The State Department pushed back on criticism about China House, saying it was one if its highest-functioning teams. Senior officials have acknowledged morale and staffing problems at China House, but denied they were linked to how the State department carries out China policy.

Persons: Mark Lambert, Lambert, Rick Waters, Waters, Joe Biden's, “, Biden, Xi Jinping, Daniel Kritenbrink, Humeyra Pamuk, Michael Martina, Don Durfee Organizations: U.S . State Department, of China Coordination, State Department, of, Washington, U.S, Pacific Affairs, Reuters, Republicans, Department, Thomson Locations: China, Taiwan, Beijing, East Asia, of China, U.S, People’s Republic of China, Asia, Australia, New Zealand, State, Lincoln

☆ State Department picks veteran diplomat Mark Lambert as top China policy official
▼ + stars: | 2023-08-29 | by ( ) www.cnbc.com time to read: +1 min

The U.S. State Department has picked veteran diplomat Mark Lambert as its top China policy official, five sources familiar with the matter said, bringing in new leadership for a part of the department that has faced staffing problems and criticism over its handling of China-focused initiatives. Waters had also served as the head of the Office of China Coordination — informally known as "China House" — a unit the department created late last year to meld China policies across regions and issues. Whether Lambert will assume the China House coordinator title is still being discussed, sources said. Lambert's appointment is unlikely to change the tone of Washington's China policy, which President Joe Biden's administration says is one of "intense competition" while trying to increase engagement with Beijing to stabilize ties. It was unclear when the State Department will formally announce the appointment.

Persons: Mark Lambert, Lambert, Rick Waters, Waters, Joe Biden's Organizations: U.S . State Department, of China Coordination, State Department, of Locations: Washington , DC, China, Taiwan, Beijing, East Asia, of China, U.S, People's Republic of China

☆ How you should invest during the AI boom: Barry Glassman
▼ + stars: | 2023-08-26 | by ( Mark Licea | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow you should invest during the AI boom: Barry GlassmanArtificial intelligence could likely transform the economy, so how should we think about investing in this technology now? CNBC Financial Advisor Council member Barry Glassman explains.

Persons: Barry Glassman Organizations: CNBC Financial

☆ How Google's augmented-reality dream turned into chaos
▼ + stars: | 2023-08-22 | by ( Hugh Langley | ) www.businessinsider.com time to read: +12 min

Google's AR glasses were beset by a messy strategy, company insiders say. Google's AR fumbles have proven frustrating for employees in the face of mounting competition from Apple and Meta. "They're dabbling," one insider said of Google's AR efforts. Ramin Talaie/Getty ImagesNorth leaders were told they would lead a new project under Google's hardware boss, Rick Osterloh, and Google's AR and VR leader, Clay Bavor. A small group inside the AR division is also exploring how artificial intelligence could be used with AR glasses, a source said.

Persons: Tim Cook, Iris, Google's, Clay, Ramin Talaie, Rick Osterloh, Clay Bavor, Mark Lucovsky, Lucovsky, Paul Greco, —, Google's Hiroshi Lockheimer, Samsung's, Bavor, Shahram, Hiroshi Lockheimer, Betty, Barry, Greco, Eddie Chung, Kurt Akeley, Akeley, Justin Sullivan, Meta, Sundar Pichai, it's Organizations: Samsung, Apple, Google, Meta, CBC, Insiders, Vision, SBS Biz, Labs, Pro, Bloomberg Locations: Raxium, Kitchen , Ontario

☆ MLB roundup: Cal Raleigh, Mariners manhandle White Sox
▼ + stars: | 2023-08-22 | by ( ) www.reuters.com time to read: +6 min

[1/5] Aug 21, 2023; Chicago, Illinois, USA; Seattle Mariners catcher Cal Raleigh (29) hits a three run home run against the Chicago White Sox during the eighth inning at Guaranteed Rate Field. White Sox starter Touki Toussaint (1-6) gave up seven runs on seven hits and four walks with three strikeouts in four-plus innings. Philadelphia starter Aaron Nola (11-8) tossed seven innings and allowed seven hits and two runs. Cristian Javier (9-2) worked five innings, allowing three runs on seven hits. James Paxton (7-4) gave up seven runs, six earned, on nine hits in four innings.

Persons: Cal, Matt Marton, Cal Raleigh, Luis Castillo, Teoscar Hernandez, Dominic Canzone, Eloy Jimenez, Castillo, Touki Toussaint, Elvis Andrus, Andrew Benintendi, Tommy Pham's, Will Smith, Geraldo Perdomo, Pham, Adolis Garcia, Ketel Marte, Edmundo Sosa, Alec Bohm, San Francisco, Kyle Schwarber, Bryce Harper, Aaron Nola, Joc Pederson, LaMonte Wade Jr, Sean Manaea, Francisco Lindor, DJ Stewart, Rafael Ortega, Phil Bickford, Marcell Ozuna, Allan Winans, Nick Madrigal, Seiya Suzuki, Ian Happ, Daniel Palencia, Mark Leiter Jr, Spencer Torkelson, Matt Vierling's, Parker Meadows, Chas McCormick's, Alex Bregman, Yanier Diaz, Cristian Javier, Adam Duvall, James Paxton, Josh Palacios, Louis, Liover Peguero, Connor Joe, Alika Williams, Endy Rodriguez, Thomas Hatch, Bailey, Drew Rom, Andrew Knizner, Seong Kim, Kim, Ryan Weathers, Manny Machado, Michael Wacha, Josh Bell, Jake Burger, Weathers, Brent Rooker, Dylan, Coleman, Ryan Noda, Trevor May, Jordan Diaz, Zack Gelof, Shea Langeliers, Bobby Witt Jr Organizations: Seattle Mariners, Cal Raleigh, Chicago White Sox, Cal, Seattle, Mariners, White Sox, Chicago, Diamondbacks, Rangers, Texas, Phoenix . Arizona, Phillies, Giants, Philadelphia, San, Mets, Braves, New York, Atlanta, Cubs, Tigers, Detroit, Astros, Red Sox, Houston, Boston, Pirates, Cardinals, Pittsburgh, Padres, Marlins, Diego, Miami, Athletics, Royals, Oakland, Kansas City, Thomson Locations: Chicago , Illinois, USA, Arizona, Phoenix ., Texas, Chicago, Parker, St, Oakland

☆ US dollar slips as traders cautious before Fed's Jackson Hole symposium
▼ + stars: | 2023-08-21 | by ( Laura Matthews | ) www.reuters.com time to read: +3 min

The Japanese yen , which is on intervention watch, weakened 0.55% versus the greenback at 146.21 per dollar, with analysts now seeing the threshold for intervention at around 150 per dollar. Meanwhile, the offshore yuan , also on watch for intervention, rose 0.3% versus the greenback at 7.2853 per dollar. Jane Foley, head of FX strategy at Rabobank in London, said a firm dollar is problematic for both central banks since "it threatens to expose both currencies to undesirable weakness." His comments may set the direction for U.S. Treasury yields, which have driven the rise in the dollar in recent weeks. "If Powell stays on the theoretical side of things, that might lower implied volatility of the dollar and lead to a smaller reaction."

Persons: Dado Ruvic, Jackson, Sahota, Jane Foley, Jerome Powell, Karl Schamotta, Christine Lagarde, Powell, Laura Matthews, Samuel Indyk, Tom Westbrook, Kirsten Donovan, Mark Potter, Will Dunham, Jonathan Oatis Organizations: REUTERS, U.S, U.S . Federal, FX, Fed, Reuters, Rabobank, Treasury, European Central Bank, Thomson Locations: U.S ., , Wyoming, San Francisco, China, London, United States, Wyoming, Toronto, New York, Singapore

☆ Dollar retreats from 2-month high, yuan turns higher
▼ + stars: | 2023-08-21 | by ( Samuel Indyk | ) www.reuters.com time to read: +4 min

The dollar index , which measures the currency against six other majors, was last down 0.2% at 103.18, but still close to Friday's two-month high of 103.68. Ten-year yields rose 14 basis points last week and touched a 10-month high of 4.328%, within a whisker of a 15-year high. The offshore yuan had fallen to the weak side of 7.3 per dollar before firming after Reuters reported that state-owned Chinese banks were seen actively mopping up offshore yuan liquidity, a move that raised the cost of shorting the currency. China's currency reversed course in the offshore market and was last up 0.2% to 7.2909 per dollar. Sterling rose slightly to $1.2756 and the Swiss franc was just above a six-week low hit last week at 0.8793 per dollar.

Persons: Dado Ruvic, Jackson, Michael Brown, I'm, Brown, Jerome Powell, Vishnu Varathan, Adam Cole, Sterling, Samuel Indyk, Tom Westbrook, Kirsten Donovan, Mark Potter Organizations: REUTERS, Federal, Trader, Wall, Treasury, Mizuho Bank, New Zealand, Authorities, RBC Capital Markets, Reuters, Swiss, Thomson Locations: Europe, Wyoming, Singapore, China, London

☆ At World Cup, England’s Lionesses Aim to Show Men’s Team How It’s Done
▼ + stars: | 2023-08-19 | by ( Mark Landler | More About Mark Landler | ) www.nytimes.com time to read: +1 min

In London, theatergoers have flocked to “Dear England,” a hit play that chronicles the drama and anguish of the men’s national soccer team in its long quest for another World Cup title, now at 57 years and counting. In Sydney on Sunday, the England women’s team might finally get the job done. England will face off against Spain in the Women’s World Cup final, the first for either team. While they are closely matched, England’s impressive march through the tournament has spurred hopes that “football’s coming home,” in the ever-optimistic words of “The Three Lions,” the unofficial anthem of the men’s team. If anything, it makes them look even less formidable and more culpable, if women do the job.”

Persons: theatergoers, ”, “, —, John Williams Organizations: soccer team, England, Spain, Lions, University of Leicester Locations: London, “, England, Sydney, Germany

☆ In pictures: When the U.S. left Afghanistan, two years ago
▼ + stars: | 2023-08-18 | by ( ) www.reuters.com time to read: 1 min

[17/24]An Afghan child sleeps on the cargo floor of a U.S. Air Force C-17 Globemaster III, kept warm by the uniform of Airman First Class Nicolas Baron, C-17 loadmaster, during an evacuation flight from Kabul, Afghanistan, August 18, 2021. U.S. Air Force/1st Lt. Mark LawsonKabul, Afghanistan

Persons: Nicolas Baron, Mark Lawson Organizations: U.S . Air Force, . Air Force Locations: Afghan, Kabul, Afghanistan, Mark Lawson Kabul

☆ Rishi Sunak’s Vacation: Taylor Swift and Disneyland. (The Rest is a Secret.)
▼ + stars: | 2023-08-16 | by ( Mark Landler | More About Mark Landler | ) www.nytimes.com time to read: +1 min

Just last year, Prime Minister Rishi Sunak’s political fortunes almost collapsed over his wealthy wife’s privileged tax status in Britain. Yet last week, when Mr. Sunak and his family spent a 10-day vacation at their multimillion-dollar penthouse apartment in Santa Monica, Calif., there was scarcely a peep about it in the British papers. The difference, analysts said, attests both to evolving views of Mr. Sunak, a onetime hedge fund manager who became prime minister last October, and to Downing Street’s shrewd media management of the Sunak family’s American vacation. The family stayed largely under the radar, emerging only for a carefully staged photo opportunity at an amusement park on the Santa Monica Pier, playing games on what was Mr. Sunak’s first vacation in nearly four years. He and his wife, Akshata Murty, also took their two young daughters, Krishna and Anoushka, to Disneyland, where, he said, he was excited to try a “Star Wars”-themed ride.

Persons: Rishi, Sunak, Downing, Santa Monica Pier, Sunak’s, Akshata Murty, Krishna Organizations: Santa Locations: Britain, United States, California, Santa Monica, Calif

☆ The world's largest chipmaker promised to create thousands of US jobs. There are growing tensions over whether US workers have the skills or work ethic to do them.
▼ + stars: | 2023-08-16 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +7 min

Differences in US and Taiwanese work culture could pose another challenge. Some TSMC workers are doubtful that Americans can adjust to the challenging work environment. It's not just a disagreement over expertise that poses risks to TSMC's Arizona chip plant. This is the work culture." It added: "We have not replaced any of our local workers with foreign workers and continue to prioritize the hiring of local workers in Arizona."

Persons: TSMC, chipmaker, It's, Morris Chang, Wayne Chiu, Fortune, they're, Mark Liu, TSMC's, Liu, chipmaker Chang, Adam Ozimek Organizations: Service, Taiwan Semiconductor Manufacturing Co, New York Times, Times, YouTube, Taiwan, Taiwan —, Brookings Institute, Arizona Pipe, Economic Innovation Group Locations: Arizona, Wall, Silicon, Taiwan, Taipei, Taiwanese, Asia, Oregon, America, Phoenix

☆ How to boost your portfolio during the soft landing: Barry Glassman
▼ + stars: | 2023-08-14 | by ( Mark Licea | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow to boost your portfolio during the soft landing: Barry GlassmanCNBC Financial Advisor Council member Barry Glassman says the economy may be getting a soft landing, which could help grow your portfolio.

Persons: Barry Glassman

☆ A feud is heating up between Arizona workers and the world's leading chipmaker after the company claimed the US doesn't have the skills to build its new factory
▼ + stars: | 2023-08-13 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +6 min

The company says it needs to bring Taiwanese workers to Arizona to get construction back on track. But construction of TSMC's first Arizona factory, which began in the Phoenix area in 2021, has run into some hiccups. "Replacing Arizona's construction workers with foreign construction workers directly contradicts the very purpose for which the CHIPS Act was enacted – to create jobs for American workers," the petition says. The degree to which American workers can get the job done without additional assistance is up for debate. "It's easily the most unsafe site I've ever walked on," said Luke Kasper, a representative of the sheet metal workers union.

Persons: TSMC, that's, Biden, Mark Liu, Liu, It's, Luke Kasper, TMSC, Morris Chang, Chang, Kevin Xu Organizations: Service, Taiwan Semiconductor Manufacturing Company, Arizona Pipe, Google, Facebook, YouTube Locations: Arizona, An Arizona, Wall, Silicon, China, TSMC's, Phoenix, Taiwan, TSMC, Asia

☆ Who Is David Weiss, the U.S. Attorney Elevated to Special Counsel?
▼ + stars: | 2023-08-11 | by ( Glenn Thrush | More About Glenn Thrush | ) www.nytimes.com time to read: +1 min

The Hunter Biden case is an unexpected career turn for David C. Weiss, a tough, workmanlike prosecutor and commercial lawyer whose stubborn competitiveness earned him a reputation as a hard man to strike out in local softball leagues. Appointed by President Donald J. Trump, the low-key U.S. attorney for Delaware was held over in his job by the Biden administration to shield the Justice Department from accusations of political meddling. Mr. Weiss grew up in the Philadelphia suburbs, attending Cheltenham High School, whose graduates include Prime Minister Benjamin Netanyahu of Israel, the Hall of Fame slugger Reggie Jackson and the conservative commentator Mark Levin. After completing law school at Widener University in Wilmington, Del., he worked two long stints as a prosecutor in the Delaware U.S. attorney’s office on an array of cases. Those included an investigation of a businessman who pleaded guilty to campaign finance violations after illegally bundling contributions for President Biden’s failed 2008 bid for the White House.

Persons: Hunter Biden, David C, Weiss, Donald J, Trump, Biden, Benjamin Netanyahu, Israel, Reggie Jackson, Mark Levin, St . Louis, Biden’s Organizations: Justice, Cheltenham High School, of Fame, Washington University, Widener University, Delaware U.S, White Locations: Delaware, Philadelphia, St ., Wilmington, Del

☆ Chris Christie knocks Tucker Carlson when asked if he would go on his Twitter show: 'I go to places that have real ratings and real listeners'
▼ + stars: | 2023-08-10 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +3 min

Chris Christie knocked Tucker Carlson when asked if he would appear on his new show. Christie said he prefers programs "that have real ratings and real listeners." Chris Christie said on Thursday that he's unlikely to appear on Tucker Carlson's new Twitter show anytime soon. "And so I go to places that have real ratings and real listeners like yours here. Hewitt said Levin is a respected voice among the conservative voters Christie would need to win the GOP presidential nomination.

Persons: Chris Christie, Tucker Carlson, Christie, Carlson, Tucker, I'm, Hugh Hewitt, Hewitt, Mark Levin's, Hugh, you'd, Mark Levin, Levin, there's, I've, Jimmy Fallon, David Letterman Organizations: Elon, Twitter, Service, Former New Jersey Gov, Fox News, Save, Obama White, New, MSNBC, CNN, Republican Locations: Wall, Silicon, New Jersey, America

☆ Manhattan real estate is in 'crisis' as new construction flatlines, borough president says
▼ + stars: | 2023-08-10 | by ( Eliza Relman | ) www.businessinsider.com time to read: +4 min

New York City's pace of housing construction has slowed to a trickle, despite a severe affordability crisis. Manhattan's borough president has identified about 200 sites where he says the city could build housing. We have to fix this," Manhattan Borough President Mark Levine said in a tweet. The city approved 2,525 new units citywide and 1,208 in Manhattan in July 2013. A big portion of the opposition to the legislation came from suburban areas around New York City that didn't want to see more density in their communities.

Persons: Mark Levine, Levine, Eric Adams, he's, Kathy Hochul, It's Organizations: Service, Manhattan, Big Apple, New, New York, New York City, New York Gov, New York Housing, Republican, Democratic, Politico Locations: York, Manhattan's, Wall, Silicon, Manhattan, New York, New, New York City, Munsey, Nassau County, Long, Rye, Westchester County, New Jersey, Jersey City, Hudson County, York City

☆ An independent candidacy by Kyrsten Sinema could help Democrats win the 2024 Arizona Senate race as she appears to pull more support from Republicans than from her old party, a new poll says
▼ + stars: | 2023-08-08 | by ( John L. Dorman | ) www.businessinsider.com time to read: +4 min

For months, Democrats have worried about a three-way Senate race in Arizona giving the GOP a boost. But a new Emerson College poll shows Democrats ahead in three-way matchups that include Sinema. But in a three-way race with Gallego, Lamb, and Sinema, the Democratic candidate leads with 36% support, followed by Lamb at 29% and Sinema with 21% support — while 15% of respondents were undecided. And in a three-way contest with Gallego, Wright, and Sinema, the congressman leads with 37% support, with Sinema at 26% and Wright with 25% support. One of the more fascinating elements of the polling is Sinema's continued popularity with a sizable bloc of Republicans, a dynamic similar to her 2018 Senate victory when she ran as a Democrat.

Persons: Arizona Sen, Kyrsten Sinema, Sinema, Ruben Gallego, who's, Pinal County Sheriff Mark Lamb, Gallego, Lamb, Brian Wright, Wright, Martha McSally, Emerson, Kari Lake, Blake Masters, Abe Hamadeh, Jim Lamon, Joe Biden, Donald Trump, Trump, Cornel Organizations: GOP, Emerson College, Republicans, Service, Democratic Party, Independent, Democratic, Gallego, Pinal County Sheriff, Republican, Democrat, Sinema, Arizona Senate, Emerson, Biden, Cornel West Locations: Arizona, Wall, Silicon, Phoenix, Pinal County

☆ Analysis: No decoupling, but West and China drift apart
▼ + stars: | 2023-08-08 | by ( Mark John | ) www.reuters.com time to read: +5 min

Containers are seen at the Yangshan Deep Water Port in Shanghai, China, as the coronavirus disease (COVID-19) outbreak continues, October 19, 2020. But underlying trade and investment trends point to an unmistakable long-term drift in commercial ties with the West. Take foreign direct investment - the more forward-looking clue as to where commercial ties between countries are heading. WATCH GERMANYSome, meanwhile, point to the fact that U.S.-China trade - exports and imports of goods combined - hit a record $690 billion last year as evidence that the reality does not match the frosty political rhetoric. Last month's China strategy document unveiled by Chancellor Olaf Scholz's three-way coalition left open exactly how far Berlin would ultimately go in reining in commercial ties.

Persons: Aly, China's, Louise Loo, Stephen Roach, Yale Law School's Paul Tsai, Angela Merkel, Chancellor Olaf Scholz's, Mark Leonard, –, Joe Biden, Loo, Mark John, Christina Fincher Organizations: REUTERS, West, Oxford Economics, Yale Law, Yale Law School's Paul Tsai China Center, Reuters, European Council, Foreign Relations, – Mercedes, Benz, BMW, Volkswagen, BASF –, Oxford, Thomson Locations: Port, Shanghai, China, United States, Europe, GERMANY, Germany, Berlin, reining, Taiwan, U.S

☆ Thousands of employees in the US Department of the Interior are using accounts that are easily hacked
▼ + stars: | 2023-08-06 | by ( Katie Hawkinson | ) www.businessinsider.com time to read: +3 min

A report from the US Department of the Interior showed that 21% of employee accounts could be hacked. The report also noted that nearly 500 employees used "Password-1234" to protect their accounts. A report from the Department of the Interior reveals the most-used password among their employees last year was "Password-1234." "My sneaking suspicion is that Interior Department employees are no different from most Americans in how they use passwords, so if this problem exists in my department, it could exist across the federal government and in business offices and private homes nationwide," Greenblatt wrote. Greenblatt also noted that 99.99% of the 18,000 accounts that staff cracked met the Department's password complexity requirements — including "Password-1234."

Persons: Kathleen Sedney, Mark Lee Greenblatt, Greenblatt Organizations: US Department of, Washington Post, Department of, Integrity, Interior Department Locations: Washington, United States

☆ Cubs use explosive first inning to take down Braves
▼ + stars: | 2023-08-05 | by ( Field Level Media | ) www.reuters.com time to read: +2 min

[1/44] Aug 5, 2023; Chicago, Illinois, USA; Chicago Cubs center fielder Cody Bellinger (24) gestures after driving in an RBI single against the Atlanta Braves during the first inning at Wrigley Field. Mandatory Credit: David Banks-USA TODAY SportsAugust 6 - Home runs by Dansby Swanson and Jeimer Candelario capped a five-run first inning, which sent the Chicago Cubs on their way to an 8-6 win over the visiting Atlanta Braves on Saturday. Candelario closed the inning with a solo home run, his 17th, and the Cubs' lead never dipped below two runs the rest of the way -- though the Braves made the final score closer in the ninth. Chicago starter Javier Assad pitched 3 2/3 innings, struck out three and allowed a pair of Atlanta runs. Cubs reliever Michael Fulmer (3-5) picked up the win after working 1 1/3 scoreless innings.

Persons: Cody Bellinger, David Banks, Dansby Swanson, Jeimer Candelario, Saturday's, Mike Tauchman, Nico Hoerner, Bryce Elder, Chicago's, Matt Olson, Candelario, Olson, Adbert Alzolay, Austin Riley, Riley's, Alzolay, Javier Assad, Orlando, Ozzie Albies, Nick Madrigal, Christopher Morel, Bellinger, Mark Leiter Jr, Michael Harris II, Travis d'Arnaud, Ronald Acuna Jr, Eddie Rosario, Acuna, Ian Happ's, Michael Fulmer Organizations: Chicago Cubs, Atlanta Braves, Wrigley, USA, Atlanta, Major League Baseball's, Cubs, Braves, Milwaukee, National League Central, Chicago, Thomson Locations: Chicago , Illinois, USA, Chicago, Atlanta

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