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☆ China is ramping up stimulus to boost market confidence — but is it enough?
▼ + stars: | 2024-01-25 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +6 min

Starting Feb. 5, the People's Bank of China will allow banks to hold smaller cash reserves, central bank governor Pan Gongsheng said at a press conference, his first in the role. Cutting the reserve requirement ratio (RRR) by 50 basis points is set to release 1 trillion yuan ($139.8 billion) in long-term capital, the central bank said. A 2 trillion yuan boost? Chinese Premier Li Qiang on Monday called for much stronger measures to boost market stability and confidence, according to an official readout. Chinese authorities in October already announced the issuance of 1 trillion yuan in government bonds, alongside a rare increase in the deficit.

Persons: Gongsheng, Pan Gongsheng, Tao Wang, Ting Lu, a, Lu, Wang, Stocks, Winnie Wu, That's, Li Qiang, Pan, Philip Yin, David Chao, Pan's Organizations: People's Bank of China, State Administration of Foreign Exchange, Financial, Getty, Visual China, People's Bank of, UBS Investment Bank, Wednesday, National Financial Regulatory Administration, UBS, Bank of America's, Bloomberg, PBOC, Citi, U.S, Asia Pacific, CNBC Locations: BEIJING, CHINA, Beijing, China, People's Bank of China, Asia, Hong Kong, capitulating, Japan, Invesco

☆ Unruly passengers were a problem before the pandemic. Now they’re even worse
▼ + stars: | 2024-01-24 | by ( Francesca Street | ) edition.cnn.com time to read: +18 min

Levels of unrulinessIATA classifies unruly behavior incidents into four levels. The latest available IATA data, from 2022, indicates most disruptive passenger incidents involved non-compliance, verbal abuse and intoxication. Passengers refusing to wear masks was a contributing factor to the rise in unruly incidents during that period. Ronaldo Schemidt/AFP/Getty ImagesOf the 5,981 unruly passenger incidents reported to the FAA in 2021, 4,290 were face mask-related. “If you are a potentially unruly passenger, do you really not become unruly because you saw some zero tolerance unruly behavior video?” he questions.

Persons: Philip Baum, Baum, “, ” Baum, stank, ‘ Philip, can’t, ’ ”, –, Susannah Carr, ”, There’s, Liz Simmons, Simmons, Ronaldo Schemidt, It’s, Kris Major, Mizuki Urano, ” John Franklin, Franklin, EASA’s, there’s, Aleksandra Kapela, Kapela, ” Kapela, Sta Rosa, restaffing, “ We’re, ” There’s, Philip Baum’s, Polly Hilmarsdóttir, Daniela Modnesi, Modnesi, it’s, Jim Vondruska, they’re, we’ve, EASA’s Franklin, EASA, “ We’ve Organizations: CNN, CNN Travel, Transport Security International Magazine, Management, International Air Transport Association, European Aviation Safety Agency, Federal Aviation Authority, FAA, American, European Union Aviation Safety Agency, International Civil Aviation Organization, Japan Airlines, Staffing, Aviation, European Transport Workers ’ Federation, FBI, TSA, Airlines, Dutch, KLM, Nippon Airways, ANA, American Airlines Locations: Oceania, AFP, Icelandair, Tokyo, Montreal, Europe, Texas

☆ Biden is ready to turn the page toward a face-off with Trump. His path to reelection won’t be an easy one.
▼ + stars: | 2024-01-24 | by ( Kevin Liptak | ) edition.cnn.com time to read: +10 min

Hours after, he was projected to win the New Hampshire primary race even though his name wasn’t on the ballot. “In politics, you run like you’re down when you’re winning or when you’re losing,” Biden campaign co-chair Cedric Richmond said Wednesday. “I think President Biden’s going to help people win, in the end. That is part of what influenced the decision, announced Tuesday, to shift two key West Wing advisers from the White House to Biden’s campaign. But one thing Biden’s teams believe will help center their arguments is a clearer race between Biden and Trump.

Persons: Joe Biden, Donald Trump, Biden, Janet Yellen, you’re, ” Biden, Cedric Richmond, “ We’re, ”, Nikki Haley’s, Quentin Fulks, Gaza Biden, Joe ”, Debbie Dingell, Jake Tapper, Dingell, Biden’s, We’ve, we’ve, “, Jen O’Malley Dillon, Mike Donilon, David Axelrod, Barack Obama, that’s, Lyndon Johnson, Jim Clyburn, Trump, he’s, milkshake Organizations: Washington CNN, Trump, Republican, New, United Auto Workers, UAW, White, Michigan Democrat, ” Democratic, West, White House, Democratic, CNN, ”, Wing, Biden, Hamas Locations: Gaza, Virginia, New Hampshire, Michigan, Wisconsin, Iowa, Israel, Northern Virginia, Wilmington , Delaware, South Carolina, Nevada

☆ Bank of America sends letters threatening 'disciplinary action' to employees who aren't coming into the office
▼ + stars: | 2024-01-24 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +3 min

Bank of America is issuing warning letters to workers who aren't coming into the office. The bank has been sending letters to correct workplace attendance since late 2023. In its latest effort to herd its employees back to the office, Bank of America has been sending out warning letters it's calling "letters of education" to those who haven't been turning for work. AdvertisementSince October 2022, Bank of America has been requiring the majority of its employees to come into the office at least three days a week. In April of last year, JPMorgan's CEO Jamie Dimon mandated the firm's top executives to come into the office five days a week.

Persons: —, haven't, Jamie Dimon, Goldman Sachs, Morgan Stanley's, James Gorman, Nick Bloom Organizations: of America, Wall, Service, Bank of America, Financial Times, Business, Workers, BI, Stanford

☆ Here are Wednesday's biggest analyst calls: Apple, Netflix, Nvidia, Uber, Tesla, Microsoft, Amazon & more
▼ + stars: | 2024-01-24 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Here are Wednesday's biggest calls on Wall Street: Citi reiterates Chipotle as buy Citi raised its price target on Chipotle to $2,699 per share from $2,292. "We are launching coverage of NKLA with an Outperform rating and a $2 price target." Polestar : On a Road to Nowhere - Initiating Coverage with a target price of $1.15, Underperform." Citi upgrades Sunoco to buy from neutral Citi said the oil and gas company is "compelling." Citi reiterates Microsoft as buy Citi raised its price target on the stock to $470 per share from $432 and said "ramping GenAI should keep growth accelerating."

Persons: Chipotle, Daiwa, Wells, Morgan Stanley, it's, Baird, Nikola, Bernstein, Biogen, Webster, Redburn, Tesla, Apple, Morgan Stanley downgrades PagerDuty, Gordon Haskett downgrades Uber, Gordon Haskett, Oppenheimer, PulteGroup, Wolfe Organizations: Citi, Verizon, Netflix, Amazon, EV, Devices, AMD, UBS, Apple, Uber, Deutsche Bank, Deutsche, Barclays downgrades, Barclays, Microsoft, BMO, HSBC, Stellantis, Entertainment, Nvidia, Wolfe Alpha, Valero, Phillips Locations: H1'24, Nowhere, China

A bunch of companies in the technology sector have been laying off some of their employees recently after quickly ramping up hiring during the COVID-19 pandemic while people spent more time and money online. Now, many of them are making job cuts to help lower costs and bolster their bottom lines. Here's some of the companies that have laid of employees of late:GoogleGoogle said it was laying off hundreds of employees working on its hardware, voice assistance and engineering teams. The company, which is owned by Chinese technology giant Tencent, said 530 jobs were being eliminated, accounting for about 11% of its headcount. AmazonTwitch, which is owned by Amazon, is cutting more than 500 jobs in a bid to save on costs.

Persons: TikTok TikTok, Dan Clancy, Bob Carrigan Organizations: Google Google, Google, Riot Games, “ League, Games, eBay, eBay Inc, Amazon, Amazon’s, MGM Studios, Spotify Locations: Los Angeles , California, Beijing

But it was Green's recent history — two suspensions for on-court conduct this season — that Hill and USA Basketball couldn't ignore. Political Cartoons View All 253 ImagesGreen is one of four current NBA players with more than one Olympic gold medal. There are a slew of players in line to potentially make their first Olympic team, including reigning MVP Joel Embiid and four-time NBA champion Stephen Curry. All 41 players on the current list have expressed interest in playing; 24 have been All-Stars, with a combined 131 selections. That means, at minimum, 12 past All-Stars won't graduate from the pool to the actual Olympic team this summer.

Persons: Grant Hill, ” Hill, “, ” Green, Golden, Minnesota's Rudy Gobert, Phoenix's, Green, Kevin Durant, LeBron James, Chris Paul —, didn't, Sean Ford, Steve Kerr, Joel Embiid, Stephen Curry, ” ___ Organizations: Paris, Paris Games, men's, Golden State, Olympic, USA, USA Basketball, NBA Locations: United States, Hill, Las Vegas, Paris, Canada, paris

LONDON (AP) — Online retailer eBay Inc. will cut about 1,000 jobs, or an estimated 9% of its full-time workforce, saying its number of employees and costs have exceeded how much the business is growing in a slowing economy. It marks the latest layoffs in the tech industry. Political Cartoons View All 253 ImagesSan Jose, California-based eBay is the latest tech company to roll out a series of layoffs after quickly ramping up hiring during the COVID-19 pandemic while people spent more time and money online. Meanwhile, Amazon said this month that it is cutting several hundred jobs in its Prime Video and MGM Studios unit. Other tech companies, including Spotify, Microsoft, Meta and IBM, also have recently cut jobs.

Persons: Jamie Iannone, Iannone, ”, TikTok, Amazon, ” Iannone Organizations: —, eBay Inc, eBay, Google, Riot Games, “ League, MGM Studios, Spotify, Microsoft, Meta, IBM, Justice Department Locations: Jose , California, Massachusetts

☆ 25 experts calculated the scenarios they think could play out in the US-China relationship. All the results are bleak.
▼ + stars: | 2024-01-22 | by ( Matthew Loh | ) www.businessinsider.com time to read: +8 min

Read previewThe future of US-China relations looks grim, according to a new report by a group of 25 experts on both countries. And US scientists might find a mysterious avian flu in China, while China detains five Americans on accusations that they broke the law. Advertisement"Instead, the war scenario is a scenario of increasing crises leading to increasing distrust in diplomatic solutions," he said. 2) A zero-sum bloc gameOr US-China trade could fall to all-time lows by the late 2020s, with competition ramping up over AI, quantum computers, and other technology, the analysis said. Seyle emphasized that the analysis isn't presenting forecasts, but theoretical scenarios that hit areas of concern in broad strokes.

Persons: —, Trump, Pax Sapiens, Conor Seyle, BRICS, Saudi Arabia —, calculatingly, Seyle, Ren Libo, Adam Kahane of Organizations: Service, Business, Obama, People's Liberation Army, Observers, Pentagon, Pax Sapiens, WTO, Grandview Institute, Adam Kahane of Massachusetts, Reos Partners Locations: China, Beijing, Washington, Taiwan, Taipei, Pax, Europe, Asia Pacific, Brazil, Russia, India, Saudi Arabia, America, Africa, United States, Latin America, Southeast Asia, US

☆ The S&P 500 just hit an all-time high – but many other US stocks are still in a bear market
▼ + stars: | 2024-01-22 | by ( George Glover | ) www.businessinsider.com time to read: +4 min

Read previewBlue-chip US stocks are trading at record levels – but small caps are still feeling the pain. That means the widely-followed gauge is technically still in a bear market, with high interest rates hammering lower-market-cap stocks even as AI powers the "Magnificent Seven" Big Tech titans to massive gains. "40% of Russell 2000 companies lose money, so these are companies that rely on credit to stay afloat." But the Russell 2000 is still in a bear market," he added. Economic bellwetherThe Russell 2000 isn't just a gauge of smaller-cap stock prices – it's also an economic bellwether.

Persons: —, Russell, they've, Ronald Temple, Lazard, Charles, Henry Monchau, That's, isn't, it's, JPMorgan Chase, Jamie Dimon, Steve Hanke, David Rosenberg, Hanke, Rosenberg, it'd Organizations: Service, Business, Big Tech titans, Federal Reserve, Facebook, Big Tech, Microsoft, Nvidia, Syz, LinkedIn, JPMorgan Locations: Swiss

☆ Video shows a Russian soldier diving out of the way of a drone, which then explodes just behind him
▼ + stars: | 2024-01-22 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +3 min

Read previewFootage appears to show a Russian soldier dodging a Ukrainian drone that's targeting him, before it hits the ground nearby and explodes. It said the soldier lured the drone toward him, and then dodged out of its way. A drone then enters the frame, and the soldier tries to run from it. pic.twitter.com/imTWG8FdVm — Arthur Morgan (@ArthurM40330824) January 14, 2024It's not clear how the soldier allegedly lured the drone, or why. Footage captured during the fighting has shown Ukrainian drones blowing up a Russian hideout, chasing Russian soldiers, and dropping grenades on tanks.

Persons: —, sid Organizations: Service, Business, 105th Infantry Regiment, Donetsk People's, Donetsk People's Republic 1st Army Corps, Donetsk, kr Locations: Russian, Donetsk, Donetsk People's Republic

☆ Russia is likely using Ukraine's freezing winter to ramp up its front-line assaults — but its losses are soaring, British intelligence says
▼ + stars: | 2024-01-21 | by ( Nathan Rennolds | ) www.businessinsider.com time to read: +3 min

But Russia's mounting attacks are leading to huge losses to its military vehicles and personnel, the MoD said, citing data from the Ukrainian General Staff. From January 14 to January 18, it said the data suggested that Russian military vehicle losses had climbed 88%, while tank losses had soared 95%. 'When roads stop existing'A military vehicle in Bakhmut, February 2023. The mud season causes problems for Russia and Ukraine, with artillery and military vehicles trapped in the sodden, heavy clay soil. Butm experts previously told Business Insider that Ukraine's US-provided Abrams tanks could be key during the mud season fighting.

Persons: —, Marek M, Abrams, Robert Greenway, Greenway Organizations: Service, UK Ministry of Defence, MoD, Business, Ukrainian, Staff, CNN, 110th Mechanized Brigade, Anadolu Agency, Getty Images, Guardian, Hudson Institute Locations: Ukraine, Avdiivka, Ukrainian, Russia, Bakhmut, Europe

How Houthi Attacks Have Upended Global ShippingShipping routes before attacks After attacks EUROPE ASIA Suez Canal Red Sea Gulf of Aden Malacca Strait AFRICA Area of Houthi attacks Continued traffic South Atlantic Ocean Indian Ocean Ships diverted after attacks Cape of Good Hope Shipping routes before attacks After attacks EUROPE ASIA Suez Canal Gulf of Aden Red Sea AFRICA Area of Houthi attacks Continued traffic South Atlantic Ocean Indian Ocean Ships diverted after attacks Cape of Good Hope Shipping routes before attacks After attacks EUROPE Suez Canal Gulf of Aden Red Sea AFRICA Area of Houthi attacks Continued traffic Ships diverted after attacks Cape of Good Hope Note: To show the changing paths of ships that regularly traverse the Red Sea, 3,461 cargo vessels recorded at entrances to the Red Sea in the last three months are shown. Those detours, and the Houthi attacks, have persisted despite airstrikes by the United States and its allies against the Houthis. Houthi attack involving commercial vessels Other Houthi attacks in the Red Sea Three commercial vessels were struck in one day on Dec. 3. Nov. 15, 2023 Dec. 1 Dec. 15 Jan. 1, 2024 Jan. 15 Houthi attack involving commercial vessels Other Houthi attacks in the Red Sea Nov. 15, 2023 Armed Houthi fighters boarded a commerical vessel. The Houthi attacks have delayed China’s annual surge in exports before its factories are idled next month for the Lunar New Year.

Persons: Cape, Jan, JPMorgan Chase, Port Said Organizations: Global Shipping Shipping, Atlantic, Ships, Good Hope Shipping, Shipping, United States Central Command Shipping, Ikea, East, JPMorgan, Maersk, U.S . Energy Information Administration, Rotterdam EUROPE Venice, Good Hope, EUROPE Venice, International Monetary, Trade, Galaxy Leader, U.S . Navy, America Locations: ASIA Suez, Aden Malacca Strait AFRICA, ASIA Suez Canal Gulf, Aden Red, Suez Canal Gulf, Suez, Africa, Yemen, Israel, Gaza, United States, U.S, Asia, Europe, China, Northern Europe, East Coast, Maersk Hong Kong, The Singapore, Singapore, Slovenia, Port Said, Egypt, Port, Russia, Ukraine, India, Rotterdam EUROPE, Rotterdam EUROPE Venice Barcelona, Istanbul ASIA SYRIA LEBANON IRAN ISRAEL IRAQ Strait, Hormuz GAZA Suez, Kuwait, Red, Mumbai Malacca, YEMEN AFRICA, Aden, Good, Good Hope EUROPE ASIA SYRIA LEBANON ISRAEL IRAN IRAQ GAZA Suez, Strait, Hormuz Red, YEMEN, EUROPE, EUROPE Venice Tokyo Barcelona, Istanbul Shanghai ASIA SYRIA LEBANON IRAN ISRAEL IRAQ GAZA, Hormuz Hong, Suez Canal Kuwait, AFRICA Red, Mumbai Bangkok YEMEN Malaca, Istanbul Shanghai SYRIA LEBANON IRAN ISRAEL IRAQ ASIA GAZA, Suez Canal AFRICA Kuwait City Red, Red Sea, Beijing

Lawmakers have conveyed as much directly to the White House, a US official told CNN. Biden met with House and Senate lawmakers at the White House on Wednesday to outline what is at stake for Ukraine. House Speaker Mike Johnson makes a statement alongside Reps. Mike Turner, Mike Rogers and Mike McCaul on January 17, outside the White House. Privately, some US and Western officials say there could be as many as five more years of fighting. In the near term, Ukraine may be able to hang on, albeit in a stalemate, without US support, a Western intelligence source said.

Persons: Joe Biden, Biden, Jake Sullivan, National Intelligence Avril Haines, Mike Johnson, I’ve, ‘, ’ ” Johnson, CNN’s Kaitlan Collins, ”, ” Biden, Mike Turner, Mike Rogers, Mike McCaul, Samuel Corum, Donald Trump, Trump, Mike Quigley, CNN Max, “ He’s, Putin, outlast, “, Sen, Lindsey Graham, Michael McCaul, ” Said, Kostiantyn, don’t, Volodymyr Zelensky, Gitanas Nauseda, Volodymyr Zelenskiy, Ints Kalnins, ” Zelenskyy, ” Trump, Alexi J . Rosenfeld, frontloading Organizations: CNN, Ukraine, White, Pentagon, Defense, National Intelligence, White House, NATO, Republicans, Getty, Kyiv, ” Democratic, Administration, Trump, Republican, Biden, Ukrainian National Guard, Army Tactical Missile Systems, Reuters, Russian Central Bank Locations: Ukraine, Russia, Afghanistan, Kyiv, Europe, Ukrainian, Kreminna, Donetsk Oblast, Moscow, Iran, North Korea, Crimea, Sevastopol, Melitopol, Vilnius, Lithuania, New York City, West

☆ 4 tips to lose weight and keep it off even if your genes make you overeat, according to an expert in the genetics of obesity
▼ + stars: | 2024-01-18 | by ( Kim Schewitz | ) www.businessinsider.com time to read: +5 min

Our genetics play a big role in how easy we find it to gain and lose weight. But it's possible to be a healthy weight despite your genes, an expert in the genetics of obesity said. Don't focus on calories aloneTo lose weight, you have to be in a calorie deficit , meaning you're burning more calories than you consume. Focus on your health over your appearancePeople want to lose weight for lots of reasons but a common motivation is to fit into societal beauty ideals. This can prove to be a weak motivator in the long run though, and doesn't necessarily benefit your health, Yeo said.

Persons: —, it's, Giles Yeo, Yeo, you've Organizations: Service, University of Cambridge Institute of Metabolic, US News, Research

☆ Red Sea crisis: Why escalating violence in the Middle East isn’t pushing up gas prices
▼ + stars: | 2024-01-18 | by ( Anna Cooban | ) edition.cnn.com time to read: +6 min

The prices of a barrel of Brent crude, the global oil benchmark, and West Texas Intermediate, the US oil benchmark, have barely moved. Now, however, analysts say economic factors — weaker demand in countries such as China and Germany, ample oil and gas supply — are superseding concerns about violence in the Middle East. Al Drago/Bloomberg/Getty ImagesGlobal oil demand growth is expected to almost halve this year, the International Energy Agency said in a report Thursday. At the same time, global oil supply is forecast to hit an all-time high, driven by record output from countries including the United States and Canada, the IEA said. Nan said relatively modest demand was also helping to prevent spikes in gas prices.

Persons: Brent, “, Homayoun, “ It’s, ”, Hope, Al Drago, That’s, Falakshahi, Xi Nan, Kpler, Wood Mackenzie, Nan Organizations: London CNN, Hamas, West Texas Intermediate, AAA, CNN, National Bureau of Statistics, Bloomberg, Getty, International Energy Agency, Organization of, Petroleum, Rystad Energy, Gas Infrastructure, LNG “ Locations: Red, Iran, Pakistan, Gaza, Ukraine, China, Germany, South Africa, Washington , DC, United States, Canada, Russia, OPEC, Europe, wean, Gas Infrastructure Europe, Africa, Qatar, United Kingdom

☆ Jack in the Box's first new burger in 8 years sold out so fast you can't find it anywhere right now
▼ + stars: | 2024-01-18 | by ( Nancy Luna | Anneta Konstantinides | ) www.businessinsider.com time to read: +4 min

Read previewJack in the Box wants the Smashed Jack to be the "best burger" in the fast-food industry. "We're sold out," Ryan Ostrom, Jack in the Box's chief marketing officer, told reporters at a media event Wednesday at the chain's San Diego headquarters. Jack in the Box's Smashed Jack burger took two years to develop. A Bacon Double Smashed Jack, a burger with two patties and bacon, will also be available. AdvertisementJack in the Box is hoping for the same kind of buzz with the Smashed Jack.

Persons: —, Jack, We're, Ryan Ostrom, McDonald's, Ostrom, Nancy Luna, It's, Anneta, Bacon, Burger King Organizations: Service, Business Locations: San Diego

☆ Malaysia’s last tigers: Why this rare image is giving conservationists hope
▼ + stars: | 2024-01-17 | by ( Rebecca Cairns | ) edition.cnn.com time to read: +9 min

“This image is the last image of the Malayan tiger — or it’s the first image of the return of the Malayan tiger,” he says. ‘A million-dollar shot’Regular camera traps — like the hundreds already used by the park’s scientists, researchers and conservationists — are typically the size of a large smartphone and activated by broad-range motion sensors. Rondeau's high-resolution camera traps included a DSLR camera in a waterproof casing. Emmanuel Rondeau, wildlife photographerBut there’s still more work to be done. As a keystone species, tigers are essential to a healthy ecosystem – and without them, the 130-million-year-old rainforests around the Belum-Temengor complex could be threatened, too.

Persons: CNN — Emmanuel Rondeau, “, ”, Rondeau, ” Rondeau, ‘, —, I’m, ” Rondeau didn’t, ‘ I’m, Carol Debra, Azlan Mohamed, Mohamed, Debra, Emmanuel Rondeau, Stuart Chapman, Chapman, ” Stuart Chapman, Merapi Mat Razi, there’s Organizations: CNN, WWF, Peninsular Malaysia, Malayan, Malaysia, Malaysia WWF, Malaysia —, country’s, “ Tigers, US, Malayan Tiger Conservation, Tiger, WWF’s Tigers, Initiative, Tigers, WWF – Malaysia, Royal, United Nations, Conservation Task Force, Bureau Locations: Asia, Siberia, Bhutan, Malaysia, Peninsular, Southeast Asia, Belum, Asli, “, Royal Belum, Laos, Cambodia, Vietnam, Park

☆ A Yemeni influencer nicknamed 'Timhouthi Chalamet' vanished from TikTok after posting a tour of a captured cargo ship
▼ + stars: | 2024-01-17 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +3 min

Read previewA young Yemeni man nicknamed "Timhouthi Chalamet" is building a following, posting videos of him touring a captured cargo ship in the Red Sea. But his account has disappeared from TikTok, Vice reported. As well as his TikTok following Rashid Al Haddad has 27,000 followers on Instagram. Al Haddad was posting on TikTok until around Tuesday this week, according to Vice. There's no evidence Al Haddad was part of the raid, Vice reported, though in some of his posts he wears military clothing, and sometimes carries an AK-47.

Persons: —, Rashid Al Haddad, Instagram, Al Haddad, Timothée Chalamet, Al Haddad's, Biden, RASHID 🔻م يكا, rade, ince Organizations: Service, Business, Galaxy Leader, Human Rights Locations: Yemeni, Red

☆ Why China hates the new president of Taiwan
▼ + stars: | 2024-01-15 | by ( Huileng Tan | ) www.businessinsider.com time to read: +5 min

"Lai Ching-te clings stubbornly to the separatist position for 'Taiwan independence.' A matter of Taiwan's independenceIn 2017, while he was premier, Lai referred to himself as a "pragmatic worker for 'Taiwan independence.'" AdvertisementLai has pledged to maintain status quo and stability in Taiwan, but China isn't backing down on its stance either. "I think China hates him, really hates him," Wu Xinbo, an international relations professor at Shanghai's Fudan University, told Reuters, referring to Lai. "It is because if he is elected as the leader of Taiwan, he may come to advance his goal of Taiwan independence, which will provoke a crisis across the Taiwan Strait," added Wu.

Persons: William Lai Ching, Taiwan's, Lai, —, Wiliam Lai Ching, Lai Ching, Xi Jinping, Wu Xinbo, Wu, Wang Yi, Jeremy Mark, William Lai, Chong Ja Ian, Chong, Tsai Ing Organizations: Democratic Progressive Party, Service, China's Taiwan Affairs Office, Chinese Communist Party, Shanghai's Fudan University, Reuters, Analysts, Lai's, Atlantic Council, Eurasia Group, KMT, National University of Singapore, Carnegie China, Channel News Asia Locations: China, Beijing, Taiwan, South America, Taiwan Strait, Taiwan's

☆ Xi Jinping is in a battle with China's own military, and the outcome could drag the US into WWIII
▼ + stars: | 2024-01-15 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +6 min

Xi Jinping is in a struggle with China's military, purging senior commanders to reshape it. A Chinese invasion somewhere like Taiwan could drag the US into a Third World War, one analyst said. AdvertisementXi Jinping is fighting with China's own military, seeking to purge commanders he sees as unwilling or unable to go to war, military analysts told Business Insider. Since taking power in 2012, Xi has overhauled China's military by cutting deep into its personnel, seeking to improve military-civilian cooperation, and reshaping its structure, among other reforms. A Chinese invasion in East Asia would drag Western countries into something larger, he predicted.

Persons: Xi Jinping, —, Gordon Chang, Chang, Xi, Liu Yazhou, Joel Wuthnow, Wuthnow, Biden, Vladimir, Jinping Organizations: Service, Gatestone Institute, Air Force, BI, Center, Chinese Military Affairs, National Defense University, China's, Force, PLA, Navy, NBC News, APEC, WWIII Locations: Taiwan, China, Washington , DC, India, Japan, East China, Philippines, South China, San Francisco, Ukraine, Russia, insurgencies, Africa, Gaza, Red, Persian Gulf, East Asia, Israel, United States

☆ Some ships in the Red Sea have declared themselves 'all Chinese,' seemingly in hopes of avoiding Houthi attacks
▼ + stars: | 2024-01-15 | by ( Matthew Loh | ) www.businessinsider.com time to read: +5 min

Read previewSeveral cargo ships and tankers in the Red Sea have been broadcasting that their crew is fully Chinese, seemingly hoping the affiliation with Beijing will persuade Yemeni rebels not to attack. Business Insider found at least four other vessels in or close to the Red Sea signaling similar messages on Sunday evening. AdvertisementAnother ship, the bulk carrier Dias, which also flies the Liberian flag and primarily traveled to ports in Ukraine and China last year, signaled "CHINA" while sailing near the Red Sea. Still, several vessels in the Red Sea appear to be taking up al-Houthi's suggestion, broadcasting destinations like "NO CONTACT ISRAEL" or "NO ISRAEL INVOLVED." The spate of Houthi attacks has significantly disrupted international trade and introduced surging costs as major transport companies halted shipping lanes through the Red Sea.

Persons: —, it's, Mohammad Ali al, Simon Hearney Organizations: Service, Beijing, Business, Bloomberg, Liberian, Dias, BI, AIS, Ships, GUARD, Human Rights Watch, Drewry, Associated Press Locations: Ukraine, China, CHINA, Gaza, Red, Beijing, Russia, Aden, Gulf, Israel, ISRAEL, Suez, Africa

☆ Taiwan has chosen its new president. What’s at stake and how might China respond?
▼ + stars: | 2024-01-12 | by ( Nectar Gan | Wayne Chang | ) edition.cnn.com time to read: +7 min

The world was watching to see not only who won the election, but how democratic Taiwan’s authoritarian neighbor will respond. China’s ruling Communist Party views Taiwan as part of its territory, despite having never controlled it. In an initial response, Chen Binhua, spokesperson for China’s Taiwan Affairs Office said Taiwan’s presidential election result “will not change the basic layout and course of development in cross-strait relations.”“Taiwan is China’s Taiwan,” he said. Taiwan's Vice President and presidential candidate of the ruling Democratic Progressive Party (DPP) Lai Ching-te speaks during a campaign rally in Keelung on January 8, 2024. In August 2022, China staged massive war games around Taiwan to show its displeasure with then-US House Speaker Nancy Pelosi’s visit to Taipei.

Persons: Lai Ching, Xi, China’s, ” Xi, ”, Amanda Hsiao, ” Hsiao, Lai, Chen Binhua, Hwa Cheng, “, Wen, doesn’t, Hsiao, Nancy Pelosi’s, Lai’s, Yuan Organizations: CNN, Democratic Progressive Party, DPP, Party, Taiwan, Communist, International Crisis, Taiwan Affairs Office, Getty, China’s Taiwan Affairs, Atlantic, US Locations: China, Beijing, Taiwan, Taipei, United States, Japan, Keelung, AFP, ” Beijing, “, South, Washington

☆ North Korea is using Ukraine as a test site for its nuclear-capable missiles, South Korea says
▼ + stars: | 2024-01-11 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +2 min

Read previewNorth Korea is using Ukraine as a test site for its nuclear-capable missiles, South Korea's ambassador to the UN said in a statement on Thursday. He pointed to Russia's use of KN-23 short-range ballistic missiles, which North Korea tested in 2018 and 2019. Russia is now benefiting from North Korea's missile expertise and is using it in its war of aggression against Ukraine, Hwang said. Ballistic missiles "appear to be more effective at penetrating or avoiding Ukrainian air defenses" than the cruise missiles Russia has used so far, the ISW concluded. The Washington DC-based think tank added that Russia is also likely looking to Iran when it comes to buying ballistic missiles.

Persons: —, Joonkook Hwang, Hwang, ramping, James Martin, John Kirby Organizations: Service, UN, Business, North, Missile Defense, Alliance, North Korea Missile, James Martin Center, Nonproliferation Studies, Ukraine, Korean, Security, Institute for, Russia, Washington DC Locations: Korea, Ukraine, North, North Korea, South Korea, Russia, Iran

☆ Amazon's biggest generative AI product launch was rushed and flawed, leaving insiders looking for answers
▼ + stars: | 2024-01-10 | by ( Eugene Kim | ) www.businessinsider.com time to read: +9 min

"Q should be more polished, given how far behind we are," one of the Amazon employees told BI. An Amazon spokesperson said Q is not based on a single AI model, and its launch followed standard operating procedure. They said Q primarily used Claude Instant 1.2, a cheaper, lighter, and faster version of the AI model that was released in August. More approachable, but too simpleCurrently, Amazon Q is only offered in preview mode to select customers. Some AWS employees, however, say it feels like the company is in a mad dash to release new products, even if they are subpar.

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