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☆ Kate Moss at 50: A supermodel through the decades
▼ + stars: | 2024-01-16 | by ( Amy Woodyatt | ) edition.cnn.com time to read: +7 min

CNN —British supermodel Kate Moss turns 50 today — and she remains as much a cultural icon as when she emerged as a breakout star more than three decades ago. Johnny Green/PA/Getty Images Kate Moss and her then-boyfriend, the actor Johnny Depp, attend the Golden Globe Awards in 1995. Dave M. Benett/Getty Images Kate Moss and Jamie Hince pose with bridesmaids after getting married on July 1, 2011 in Southrop, England. Jewel Samad/AFP/Getty Images Moss arrives for a screening of the movie "Loving" at the 2016 Cannes Film Festival. Scroll through the gallery above to see some of the most memorable moment’s from Kate Moss’ life and career.

Persons: Kate Moss, Moss, it’s, ”, Corinne Day, Cindy Crawford, Naomi Campbell, Claudia Schiffer, Chanel, Calvin Klein, Johnny Green, Johnny Depp, Ron Davis, Pierre Verdy, Donatella Versace, De, UPPA, Zuma Moss, Pete Doherty, MJ Kim, Alexander McQueen's, Andy Paradise, Banksy, Andy Warhol's, Marilyn Monroe, Carl De Souza, Marc Jacobs, Patrick McMullan, Mario Testino, Kate Who, Dave M, Jamie Hince, bridesmaids, Neil Mockford, Stella Tennant, Lily Cole, Karen Elson, Jourdan Dunn, David Gandy, Jewel Samad, Antonin Thuillier, Stella McCartney, Chris Joseph, Louis Vuitton's, Peter White, Lila, Princess Eugenie of York, Jack Brooksbank, George's, Alastair Grant, Stephane De Sakutin, Amber Valletta, Daniele Venturelli, Amber Heard, Evelyn Hockstein, Jamie McCarthy, David Bailey, Kate, ” Moss, Jefferson Hack, Marc Quinn, Lucian Freud, Johnny Cash, Paul McCartney, Elton John Organizations: CNN, Vogue, Burberry, British Vogue, Getty, Globe, Glastonbury Music, Olympic, London, Louis, Milan, BBC, Forbes, Stripes Locations: British, South London, Croydon, London, Couture, Paris, AFP, Glastonbury, New York City, Southrop, England, St, Windsor , England, Fairfax, Fairfax , Virginia, Arizona, Egypt

☆ Saudi Arabia isn’t ruling out befriending Israel. But it may come at a higher price
▼ + stars: | 2024-01-15 | by ( Nadeen Ebrahim | ) edition.cnn.com time to read: +70 min

Fatima Shbair/AP Mourners collect the bodies of Palestinians killed in an Israeli airstrike in Khan Younis, Gaza, on December 24. Ilia Yefimovich/dpa/picture-alliance/AP Relatives and friends bid farewell to the body of Al Jazeera camera operator Samer Abu Daqqa in Khan Younis, Gaza, on December 16. Mahmud Hams/AFP/Getty Images Israeli soldiers form an honor guard at the funeral of Israeli reserve soldier Master Sgt. Mohammed Saber/EPA-EFE/Shutterstock Children use candles for lighting in Khan Younis, Gaza, on Friday, October 20. Maya Alleruzzo/AP A boy carries salvaged belongings from the wreckage of his family's home in Khan Younis, Gaza, on October 11.

Persons: UAE CNN —, Antony Blinken, ” Blinken, ”, “, “ There’s, ” Prince Khalid bin Bandar, ” Ali Shihabi, Shihabi, Israel, Blinken, Evelyn Hockstein, Benjamin Netanyahu, Joe Biden, Abraham, Biden, Yousef Al Otaiba, Israel “, ” Otaiba, Prince Mohammed bin Salman, Firas Maksad, Abir, Prince Khalid, Maksad, Jamal Khashoggi, ” Maksad, ” Prince Khalid, Isaac Herzog, Oded, Abed Rahim Khatib, Noam Galai, Majdi, Sufian Dagash, Ohad, Abed Zagout, Harel Ittah, Ariel Schalit, Khan Yunis, Stringer, Elisha Yehonatan Lober, Mount Herzl, Maja Hitij, Fatima Shbair, Ahmad Hasaballah, Mohammed Salem, Yaacov Elian, Boris Dunavetski, Amir Levy, Mohammed Abed, Mahmud Hams, Alon Lulu Shamriz, Ilia Yefimovich, Abu Daqqa, Khan, Khan Younis, Ben Shelly, Clodagh Kilcoyne, Eviatar Cohen, Mostafa Alkharouf, Mohammed Dahman, Ibraheem Abu Mustafa, Atef Safadi, Gal Meir Eisenkot, Eisenkot, Gadi Eisenkot, Leo Correa, Alexi Rosenfeld, Alleruzzo, Amir Cohen, Gil Cohen, Menahem Kahana, Sergeant Aschalwu Sama, Tsafrir, John MacDougall, Ahed Tamimi, Nasser Nasser, Viktor, Helena Brodski, Kiril Brodski, Ammar Awad, Jack Guez, Jabel Mukaber, Mahmoud Illean, Alexander Ermochenko, Younis, Mustafa Hassona, Asher, Raz, Doron, Schneider, Jaafar Ashtiyeh, Majed Al, Ansari, Mohammed Hajjar, Said Khatib, Jalaa Marey, Victor R, Liron Snir, James Oatway, Ashraf Amra, Ahmad Gharabli, Rizek Abdeljawad, Major Jamal Abbas, Shir Torem, Alexi J . Rosenfeld, Christopher Furlong, Hatem Ali, Avraham Fetena, Sgt, Raz Abulafia, Fadel Senna, Nasser, Matan Meir, Haitham Imad, Roni Eshel, Eshel, Kenzo Tribouillard, Sadi Berek, Salah al, Varda Goldstein, Nir Oz, Bernat, Tomer Appelbaum, Mohammad Abu Elsebah, Khaled Ibn Al, Walid, Ya'akov Ozeri, Ronen Zvulun, Mohammed Alaloul, Neil Hall, Saeed Jaras, Mohammad Abu Hattab, Mohammed Talatene, Ditza Heiman, Salman Habaka, Yuval Zilber, Jalaa Merey, Ahmad Salem, Ali Jadallah, Anas al, Yosef Vahav, Kiryat Shmona, Albert Miles, Ilan Rosenberg, Manna, Tamar Chaya Torpiashvili, Abed Khaled, Tamir Kalifa, Yoav Gallant, Jehad Al, Kafarnah, Teddy, Dan Kitwood, Dima Vazinovich, Sagiv Ben Zvi, Omar El, Yasser Qudih, Francisco Seco, Mohammed Saber, Ali Mohmoud, Mai Yaghi, Yam Goldstein, Nadav, Khaled Joudeh, Samar Abu, Leon Neal, Hatem Moussa, Wolfgang Schwan, Yousef Masoud, Shadi Tabatibi, Belal al Sabbagh, Janis Laizans, Gallant, Ofir Libstein, Aza, Belal Khaled, Hod, Ayal Margolin, Brendan Smialowski, Netanyahu, Kenny Holston, Kfar Aza, Mahmoud Khaled, Dor Reder, Violeta Santos Moura, Mohammed Fayq Abu Mostafa, Antonio Macías, Macías, Eli Albag, Liri, Sergey Ponomarev, Dor Kedmi, Saher, Abraham Cohen, Valentin Ghnassia, Ghnassia, Yuri Cortez, Ibrahim Hams, Bashar Taleb, Baz Ratner, Yahya Hassouna, Mapal Adam, Agha, Reuters Itzik, Miriam Shafir, Dor Shafir, Savion Kiper, Maya Alleruzzo, CNN Sergey Ponomarev, Eden Guez, Mohammed Soboh, Said, Noam Elimeleh Rothenberg, Ilai Bar Sade, Erik Marmor, Oren Ziv, Ramez Mahmoud, Roi Levy, Tali Touito, Ahmad Hasballah, Eyad Baba, Itai Ron, Hadas Parush, Lana Nusseibeh, “ That’s, Abu Dhabi, Anwar Gargash, ” Gargash Organizations: UAE CNN, Hamas, BBC, CNN, Palestinian, West Bank, Reuters, United Arab, Abraham Accords, Israel, UAE, Arab League, Saudi, Fox News, Washington Institute for Near East, Middle East Institute, Israeli, Getty, of Health, Congressional, Republicans, United Nations Security, AP, European Hospital, Mount, Rockets, UN, Anadolu, Museum of Art, Security, Nova, Magen, Getty Images, Kiryat, Islamic Jihad, Red, Tel, Tel Aviv Sourasky Medical, Young, AP People, Schneider Children's Medical, Sisters, Schneider Children's, Ofer, Cross, Foreign, Artillery, Aqsa Martyrs Hospital, Al, Unicef, AP Journalists, Israel Defense Forces, Modern, Nasser Hospital, Nasser Medical, Najjar, Israel Defence Forces handout, Shutterstock, Reuters United Nations, Shifa, Palestine, Pictures, Bloomberg, Israeli Apache, United Nations Relief, Works Agency, Al Aqsa Martyrs Hospital, IDF, EyePress, New York Times, Nasser Medical Hospital, Deir Al, Tel Aviv University, Reuters Civil, AP Rockets, AP Israel's, Regional, Israel's, Ahli Baptist Hospital, Ben Gurion International, Aris Messinis, Haim, Puma, Mount Herzl Military, Anadolu Agency, Nova Festival, Ben Gurion, United Nations, Reuters Police, Reuters Rockets, Wall, Shihabi Locations: Abu Dhabi, UAE, Israel, Saudi Arabia, Riyadh, Saudi, United Kingdom, Gaza, United States, ”, Palestinian, East Jerusalem, Al Ula, Reuters Israeli, United Arab Emirates, Bahrain, Morocco, Sudan, Washington , DC, Jerusalem, Abir Sultan, AFP, Turkey, Gulf, Tel Aviv, Israeli, Rafah, Maghar, Anadolu, Netanya, Khan, Khan Younis, Shaul, Shefayim, Jazeera, Kidron, Kfar Saba, Nahal Oz, Herzliya, Ashkelon, Petah Tikva, Ramallah, Egypt, Ofakim, Jabel, Khezaa, Gazan, Sisters Aviv, Beitunia, Gaza City, Galilee, Lebanon, Al, Aqsa, Al Bureij, Deir Al Balah, Xinhua, Pekiin, Mavki'im, Haifa, Sderot, Beit Hashmonai, Europe, Rishpon, Odem, Gaza's Al, Deir Al, Balah, Bureij, Kfar Aza, Meron, Jerusalem's, City, Jerusalem's Old City, Deir Balah, Mahmud, Southern Israel, Yanuh Jat, Netaim, Golan Heights, Shareef, Beit Guvrin, Kiryat, Al Aqsa, Kibbutz Be'eri, Ashdod, Holon, Najjar, Ichilov, Kibbutz Shefayim, Deir, Samar, Samar Abu Elouf, Deir al, Kibbutz Kissufim, Zahra City, Ras, Israel's, Yehuda, Hod HaSharon, Kiryat Shmona, Ahli, Gan, Kfar, North Sinai, Beit Kama, Cyprus, Be'eri, Rehovot, Mount Herzl, Modiin Maccabim, Mount Herzel, Yassin, Beitar Ilit, Ramat Gan, Itai, Beit Hanun, Rishon Lezion, Dhabi, Dubai, Al Arabiya

☆ Goldman Sachs says these China stocks can win even if there's a repeat of Japan's lost decades
▼ + stars: | 2024-01-14 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +5 min

Goldman Sachs calls the China story today one of "rebalancing," and has picked 40 buy-rated stocks to play the theme. They predict certain consumer names, artificial intelligence companies and rising global players will be among the Chinese stocks that can do well. December data and fourth-quarter GDP due out late Tuesday New York time may give more clues on China's economic trajectory — and whether policymakers need to act. For China's economic outlook, comparisons to Japan may ultimately be more academic as the debate has become more about the extent to which national security has replaced economic growth as the priority. "Very often I'm asked the question, will China ignore development as it talks more about security?"

Persons: Goldman Sachs, Japan's, Kinger Lau, Morgan, Robin Xing, Goldman, Lau, Li Qiang, Liu, SICC, Arthur Kroeber, Dragonomics, Liu Jianchao, Michael Bloom Organizations: Beijing, China Equity, China New Economy Summit, China, New, Invesco, Central Commission, Financial, Economic Affairs, Laboratories, U.S . Food, Drug Administration, U.S, StarPower Semiconductor, Wire China, Communist Party's, Foreign Locations: China, Japan, Hong Kong, Beijing, New York, Davos, Shanghai, U.S, Shenzhen, Europe

☆ Citigroup Plans to Cut 20,000 Jobs
▼ + stars: | 2024-01-13 | by ( Justin Baer | ) www.wsj.com time to read: 1 min

Citigroup Chief Executive Jane Fraser took over the bank in 2021 with a mandate to streamline. Photo: EVELYN HOCKSTEIN/REUTERSCitigroup plans to eliminate some 20,000 jobs by the end of 2026, marking the next phase of the bank’s most dramatic restructuring plan in decades. The cuts will trim about 10% of Citi’s head count, which totaled 200,000 in December excluding the staff employed by a Mexico business that is being spun off. Citi detailed its cost-cutting plans on Friday, when it also announced a fourth-quarter loss.

Persons: Jane Fraser, EVELYN HOCKSTEIN Organizations: Citigroup, Citi Locations: Mexico

TAIPEI, Taiwan (AP) — Ruling-party candidate Lai Ching-te emerged victorious in Taiwan’s presidential election on Saturday, a result that will determine the trajectory of the self-ruled democracy’s contentious relations with China over the next four years. Beijing strongly opposes Lai, the current vice president who abandoned his medical career to pursue politics from the grassroots to the presidency. It's the first time a single party has led Taiwan for three consecutive four-year presidential terms since the first open presidential election in 1996. Its candidate, Hou Yu-ih, also had promised to restart talks with China while bolstering national defense. Evelyn Ni traveled from China especially to get a taste of Taiwan’s election.

Persons: Lai Ching, Lai, Tsai Ing, Hou Yu, Hou, “, I’m, David Chiau, Ko Wen, Ko, Chen Binhua, Beijing wouldn't, ” Chen, Antony Blinken, ” Blinken, Evelyn Ni, Tony Chen, ”, Xi Jinping, Stacy Chen, Gabrielle Reid, Sung Organizations: Democratic, Nationalist, KMT, ih, Taiwan People’s Party, DPP, Cabinet's Taiwan Affairs Office, Biden, Associated Press Locations: TAIPEI, Taiwan, China, Beijing, Japanese, United States, Taipei, Russia, Ukraine, South China

☆ China's annual exports drop for the first time in seven years
▼ + stars: | 2024-01-12 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +3 min

Aly Song | ReutersBEIJING — China's annual exports fell for the first time in seven years in 2023, even as shipments in December beat expectations, customs data showed Friday. But for 2023, exports fell 4.6%, the first such annual drop since a 7.7% decline in 2016, according to Wind Information. By country, the U.S. remained China's largest trading partner. Russia was a rare bright spot, with China's exports to the country climbing nearly 47% in 2023, and imports rising almost 13%. China's exports in most product categories fell in 2023, with machinery, boats and home appliances among the few exceptions.

Persons: Aly Song, Caixin, Larry Hu, Zhiwei Zhang Organizations: Reuters, Information, of Southeast, Nations, European Union, U.S ., China, National Bureau, Statistics Locations: Yangshan, Shanghai, China, Reuters BEIJING, U.S, Russia

☆ Chinese rival to Apple’s Vision Pro raises $70 million, doubles down on new strategy to win consumers
▼ + stars: | 2024-01-12 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +1 min

Chinese AR glasses and software company Rokid announced it raised $70 million in a funding round led by the government of Hefei city. BEIJING — Chinese augmented reality glasses and software company Rokid this week announced it raised 500 million yuan ($70 million) in a funding round led by the government of Hefei city. Augmented reality (AR) technology allows digital images to be imposed over the real world. Apple' s Vision Pro virtual reality headset, set for release on Feb. 2, also allows users to see the real world using what the company calls "spatial computing" technology. Rokid sells AR glasses for consumers.

Persons: Rokid, Misa Zhu Organizations: CNBC Locations: Hefei, BEIJING, Hefei city, Shanghai, China

☆ China will make foreign investment easier, vice premier tells foreign executives
▼ + stars: | 2024-01-11 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +1 min

Secretary Yellen and Vice Premier Lifeng will hold meetings ahead of the APEC summit being held in San Francisco. (Photo by Justin Sullivan/Getty Images)BEIJING — Chinese Vice Premier He Lifeng met with global financial executives Wednesday and pledged to make it easier for foreign institutions to invest in the country, state media said. Vice Premier He is also director of the office of the Central Commission for Financial and Economic Affairs. "China will continue to deepen the reform and two-way opening-up of its capital market, facilitate cross-border investment and financing, and attract more foreign financial institutions and long-term capital to China," He reportedly said at the meeting, according to state news agency Xinhua. China has gradually allowed foreign financial institutions to take majority control of their local operations.

Persons: Janet Yellen, Yellen, Lifeng, Justin Sullivan, Goldman Sachs Organizations: FRANCISCO, People’s, Ritz Carlton Hotel, APEC, Central Commission, Financial, Economic Affairs, U.S, Xinhua Locations: CALIFORNIA, People’s Republic of China, San Francisco , California, San Francisco, BEIJING, China

☆ China says the U.S. has 'weaponized' chip export controls
▼ + stars: | 2024-01-11 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +1 min

Chinese and U.S. flags flutter near The Bund, before U.S. trade delegation meet their Chinese counterparts for talks in Shanghai, China July 30, 2019. BEIJING — China's Ministry of Commerce said Thursday the U.S. is weaponizing export controls and using them as a tool. "The United States has instrumentalized and weaponized export control issues," she said, calling for the Dutch side to "respect the spirit of the contract and support businesses in conducting compliant trade." She was responding to a question about ASML, the Netherlands-based company that makes lithography machines that are key to manufacturing advanced semiconductors. ASML said in a Jan. 1 statement the Dutch government restricted it from exporting some lithography products to China.

Persons: Shu Jueting, ASML Organizations: Bund, BEIJING — China's Ministry of Commerce, CNBC Locations: Shanghai, China, BEIJING, United States, Netherlands

☆ China investors will be asking these 3 questions in 2024
▼ + stars: | 2024-01-09 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +6 min

CHONGQING, CHINA - JANUARY 02: People visit the 2nd International Light and Shadow Art Festival at the Fine Arts Park on January 2, 2024 in Chongqing, China. For all the geopolitical risks, the attraction of China as a fast-growing market has waned as the economy matures. Many were disappointed when China's economy did not rebound as quickly as expected after the end of Covid-19 controls in December 2022. Real estate is a clear example of a debt-fueled sector, one that has accounted for about a quarter of China's economy. Machinery, electronics, transport equipment and batteries combined contributed to 17.2% of China's economy in 2020, Citi analysts said.

Persons: it's, Jason Hsu, They're, Liqian Ren, Goldman Sachs, Ding Wenjie, Ding Organizations: Fine Arts, Art, Getty, Visual China, U.S, Citi, People's Bank of, Rayliant, Rayliant Global Advisors, National Bureau, China Asset Management Co, CNBC, Machinery Locations: CHONGQING, CHINA, Chongqing, China, BEIJING, Covid, People's Bank of China, Beijing, WisdomTree

☆ Tesla now has a clear China EV competitor. What’s next for BYD?
▼ + stars: | 2024-01-07 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +4 min

Bernstein didn't even initiate coverage of BYD until September, with an outperform rating and price target of 359 Hong Kong dollars. BYD trades in Hong Kong, and on the Shenzhen exchange in mainland China. "I'm a long observer and investor in Tesla," Ogan said. "What I think will tip BYD like the volumes tipped Tesla is when people start realizing BYD is an energy company," Ogan said. Nomura's China autos and auto parts analyst Joel Ying likes BYD with an even higher price target of 382 Hong Kong dollars.

Persons: BYD, Bernstein didn't, Warren Buffett's Berkshire Hathaway, Taylor Ogan, Ogan, Tesla, Xiao Feng, CLSA, Joel Ying, Ying, Xiaomi's SU7, That's, — CNBC's Michael Bloom Organizations: Hong, Snow Bull, Nasdaq, Elon Musk's, HK, Hesai Tech Locations: Hong Kong, Norway, Brazil, China, Shenzhen, Asia, Europe, North America, U.S, Inovance, Ningbo Tuopu

☆ BYD's five best-selling cars, including one edging out Tesla's Model Y in China
▼ + stars: | 2024-01-05 | by ( Evelyn Cheng | ) www.cnbc.com time to read: 1 min

BYD's new luxury brand Yangwang is selling its first model, the U8, for more than 1 million yuan (US$160,000). While Tesla's Model Y was the best-selling purely battery-powered car in China for the six months ending in November, BYD vehicles accounted for four of the top 10 such cars sold during that time. When including hybrids, seven BYD cars made the top 10 list. That's according to China Passenger Car Association data cited by consumer information site Autohome. Here are the five best-selling BYD new energy vehicles in China, according to the data:

Persons: BEIJING — BYD, Tesla Organizations: BEIJING —, China Passenger Car Locations: BEIJING, China

Signage for Alibaba Group Holding Ltd. covers the front facade of the New York Stock Exchange November 11, 2015. Cloud competition from HuaweiAlibaba has been an industry leader in the cloud business. Alibaba in November blamed U.S. restrictions on chip sales to China for the decision to pull the cloud IPO. Alibaba said its cloud business revenue grew by just 2% year on year in the quarter ended Sept. 30. Those resellers were other companies that had acted as distributors or agents for Alibaba cloud and received commissions.

Persons: Brendan McDermid, It's, Alibaba, hasn't, they're, Duncan Clark, Clark, ”, Jack Ma, Brian Wong, Eddie Wu, Trudy Dai, Daniel Zhang, Yi Zhang, —, Alibaba's, Canalys, BDA's Clark Organizations: Alibaba Group Holding, New York Stock, Reuters, BDA, Alibaba Group, Alibaba, Duncan Clark BDA, Huawei Alibaba, Huawei, Tencent, “ Global Locations: Reuters BEIJING, U.S, China, Beijing, Alibaba

☆ BYD beats Tesla for a second straight year after producing more than 3 million cars in 2023
▼ + stars: | 2024-01-02 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +4 min

Arjun Kharpal | CNBCBEIJING — BYD produced more than 3 million new energy vehicles in 2023, surpassing Tesla 's production for a second straight year. Tesla said Tuesday it produced 1.84 million cars in 2023. While total production surpassed Tesla, BYD manufactured 1.6 million battery-only passenger cars and 1.4 million hybrids, putting Tesla on top for battery-only production. Stock Chart Icon Stock chart iconEven though it surpassed the 3 million mark, BYD's annual sales slightly missed CLSA's expectations for 3.05 million vehicles. BYD said it sold 3.02 million new energy vehicles in 2023.

Persons: BYD, Arjun Kharpal, Tesla, Elon, Aito, Geely, Zeekr, Nezha, Joel Ying, — CNBC's Michael Bloom Organizations: CNBC BEIJING, Elon Musk's, Monday, Overseas, CNBC, EV, China, EU Locations: Europe, Munich, Germany, China, Hong Kong, Hungary

☆ A few U.S.-listed China stocks doubled in price in 2023. Winners to watch
▼ + stars: | 2023-12-31 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +4 min

The top-performing U.S.-listed Chinese stocks for 2023 weren't well-known internet names. But topping PDD were three stocks that basically doubled or more for the year: ACM Research , New Oriental Education and Ehang . Overall market struggled Individual stock gains contrast with a steep decline for Chinese stocks overall. The outperforming mainland Chinese stock index was the Beijing Stock Exchange 50 Index, up by about 15% in 2023, according to Wind. Correction: This story has been updated to reflect that ZKH is listed on the New York Stock Exchange.

Persons: Alibaba, it's, Dong, Goldman Sachs, Ehang, Allen Chang, EHang, Goldman, Hollysys Organizations: PDD Holdings, ACM Research, New Oriental Education, Nvidia, Wings Logistics, United Arab Emirates, Auto, Technologies, Ascendent, Partners, New York Stock Exchange, U.S, CSI, Beijing Stock Locations: China, New, Hong Kong, ., United Arab, Shanghai, Beijing

☆ China's Xiaomi unveils its first EV as it looks to compete with Porsche, Tesla
▼ + stars: | 2023-12-28 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +2 min

BEIJING — Chinese consumer electronics company Xiaomi on Thursday detailed plans to enter China's oversaturated electric vehicle market and compete with automaker giants Tesla and Porsche with a car model it says it spent more than 10 billion yuan ($1.4 billion) to develop. Pronounced "Sue Qi" in Mandarin, the Xiaomi SU7 beats Porsche's Taycan and Tesla's Model S on acceleration and other metrics, Lei said during a three-hour presentation Thursday. This is an area of potential advantage for Xiaomi, which is best known for its smartphones and home appliances and previously said it wants to create a "'Human x Car x Home' smart ecosystem." The SU7 is integrated with Xiaomi's smartphones and internet-connected home appliances, Lei announced Thursday. Lei said the vehicle will also be compatible with Apple 's iPhone, iPad, CarPlay and AirPlay.

Persons: Lei Jun, Sue Qi, Porsche's Taycan, Lei Organizations: Tesla, Porsche, BMW, Mercedes, Benz, Apple Locations: BEIJING, U.S

☆ AI boom fails to propel China's cloud market growth
▼ + stars: | 2023-12-27 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +1 min

BEIJING — Excitement over artificial intelligence isn't yet fueling a boom in cloud services spending in mainland China. "The Chinese cloud services market remains conservative, relying heavily on government and state-owned enterprises to drive growth," tech market analysis firm Canalys said in a report Wednesday. Training AI models on the cloud, following a surge of interest in the potential of ChatGPT-like services, has been expected to drive the industry's growth. Alibaba 's cloud business, with the country's largest market share at 39%, reported just 2% year-on-year revenue growth in the quarter ended Sept. 30. Huawei, which isn't publicly traded and is the second largest cloud player, didn't separately state its cloud revenue for the third quarter, nor did Hong Kong-listed Tencent .

Persons: Canalys, isn't Organizations: Artificial Intelligence, Huawei Locations: Shanghai, BEIJING, China, Hong Kong

☆ China's potential new gaming rules will hit smaller developers more, analyst says
▼ + stars: | 2023-12-25 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +2 min

"With a lower revenue for online games, the ad industry would be impacted too," he said. UBS estimates online games account for about 20% of the online ad industry's revenue. BEIJING — China's proposed gaming rules would hit smaller developers more than large ones, while also reducing overall online advertising revenue, according to UBS. It's "very common" for online games to encourage daily sign-in and offer rewards for the initial in-app purchase, UBS's Fong said. "As the online game is a very creative industry," he said, "we believe the game developers would likely design other means to attract and retain users."

Persons: Kenneth Fong, BEIJING —, UBS's Fong, Fong Organizations: UBS, Christmas, Gaming, National Press, Administration Locations: China, Hong Kong, BEIJING, Beijing

☆ Top China, U.S. military leaders hold first meeting in more than a year
▼ + stars: | 2023-12-22 | by ( Clement Tan | ) www.cnbc.com time to read: +4 min

Other Southeast Asian countries such as Brunei, Indonesia, Malaysia, and Vietnam also claim parts of the South China Sea. "The key to developing a healthy, stable, and sustainable military-to-military relationship is ... a correct understanding of China," China's Defense Ministry said in a readout of the Brown-Liu virtual call. China has consistently maintained its claim over self-governed Taiwan and the majority of the South China Sea. The U.S. has documented more than 180 coercive and risky air intercepts against its aircraft in the region between 2021 and 2023, according to its latest China Military Power Report. This includes their bilateral Defense Policy Coordination Talks, Military Maritime Consultative Agreement talks, and opening lines of communication between the leaders of the respective military commands in the South China Sea and the broader Pacific.

Persons: Cope, Charles Brown, Liu Zhenli, Joe Biden, Xi Jinping, General Brown, General Liu, Nancy Pelosi, Brown, Liu, — CNBC's Evelyn Cheng Organizations: Air Force, Clark Air Base, U.S, Joint Chiefs of Staff, Economic Cooperation, Biden, Beijing, U.S ., Defense Ministry, U.S . Defense Department, People's Liberation Army, Maritime, Eurasia Group Locations: Philippines, Mabalacat, Pampanga, Asia, San Francisco, Eurasia, China, Taiwan, Beijing, Singapore, Manila, South China, Brunei, Indonesia, Malaysia, Vietnam, United States, The Hague, U.S, South

☆ Vietnamese companies eye the U.S. IPO market amid a lull in Chinese listings
▼ + stars: | 2023-12-06 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +5 min

While not strictly an IPO, the listing was soon followed by Vietnamese tech unicorn VNG's filing to list on the Nasdaq. As local companies grow, "they are outgrowing the ability of those markets to provide the capital that they need," said Drew Bernstein, co-chairman of accounting firm MarcumAsia. Since the fallout over Didi in the summer of 2021, regulation and a tepid U.S. IPO market have stalled most Chinese listing plans. She said given the success of Southeast Asian ride-hailing company Grab , more Vietnamese companies are starting to look beyond the domestic market to regional business. George Chan, global IPO leader at EY, expects "a lot" of companies from Southeast Asia will reach the IPO stage in the next 12 to 18 months, and might also consider the Hong Kong exchange.

Persons: Scott Mlyn, VinFast, Johan Annell, VNG, Drew Bernstein, It's, Bernstein, who'd he'd, Didi, Gary Dvorchak, Blueshirt, Nguyen Nguyen, Vu Van, ELSA, Van, George Chan Organizations: New York Auto Show, CNBC BEIJING, U.S, Spade, Nasdaq, ARC Group, China -, Renaissance Capital, Investor, CNBC, World Bank, Southeast Asia — Locations: Asia, U.S, Vietnam, Beijing, Cayman Islands, Malaysia, China, China - U.S, Thailand, Indonesia, Singapore, Southeast Asia, Hong Kong

☆ U.S. export controls need to 'change constantly' even if it's tough for businesses, Secretary Raimondo says
▼ + stars: | 2023-12-05 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +1 min

BEIJING — More controls on tech exports to China will be coming as needed, despite business concerns, U.S. Commerce Secretary Gina Raimondo told CNBC in an exclusive interview. "We have to change constantly," Raimondo told CNBC's Morgan Brennan over the weekend on the sidelines of the Reagan National Defense Forum. They want a clear line in the sand," the commerce secretary said. "The truth of it is though, technology changes, China changes and we have to keep up with it." In October 2022, the U.S. Department of Commerce's Bureau of Industry and Security announced sweeping export controls that restrict the ability of companies to sell certain advanced computing semiconductors or related manufacturing equipment to China.

Persons: Gina Raimondo, Raimondo, CNBC's Morgan Brennan, " Raimondo, it's Organizations: . Commerce, CNBC, Reagan National Defense, U.S . Department of Commerce's, of Industry, Security Locations: BEIJING, China

U.S. Supreme Court Associate Justice Samuel A. Alito Jr. poses during a group portrait at the Supreme Court in Washington, U.S., October 7, 2022. Such a ruling also could frustrate policies favored by some Democrats, including Senator Elizabeth Warren, for a tax on the net worth - meaning all assets and not just income - of the super-rich. Alito defended the court in articles in the Wall Street Journal's opinion section. The Moores sued the U.S. government in 2019 challenging the mandatory repatriation tax. Circuit Court of Appeals threw out the case, noting that under Supreme Court precedent the "realization of income is not a constitutional requirement."

Persons: Samuel A, Alito Jr, Evelyn Hockstein, Samuel Alito, Charles, Kathleen Moore, Donald Trump, Moores, Elizabeth Warren, Alito, Alito's recusal, David Rivkin Jr, Andrew Chung, Will Dunham Organizations: Supreme, REUTERS, Rights, U.S, Competitive Enterprise Institute, Democratic, Moores, Street, Circuit, Thomson Locations: Washington , U.S, Redmond , Washington, Republican, Constitution's, Bangalore, India, San Francisco

☆ Biden approval near lowest level of his presidency-Reuters/Ipsos
▼ + stars: | 2023-12-05 | by ( Jason Lange | ) www.reuters.com time to read: +1 min

Biden is widely expected to face a November 2024 rematch with former President Donald Trump, the frontrunner for the Republican nomination. The poll showed that Americans see the economy, crime and immigration as the biggest problems facing the country - all issues on which Trump and other Republicans have criticized Biden. Nineteen percent of poll respondents rated the economy as the top issue, while 11% pointed to immigration and 10% signaled out crime. Biden's public approval rating has held below 50% since August 2021, and this month's rating remained close to the lowest levels of his presidency - 36% - seen in mid-2022. The Reuters/Ipsos poll gathered responses online from 1,017 adults, using a nationally representative sample.

Persons: Joe Biden, Evelyn Hockstein, Joe Biden's, Biden, Donald Trump, Jason Lange, Scott Malone, Daniel Wallis Organizations: White House for, REUTERS, Rights, Reuters, Republican, Trump, Thomson Locations: White House for Massachusetts, Washington , U.S

☆ I made Ree Drummond's deviled eggs, but my grandmother's 5-step recipe with Dijon mustard and sandwich spread has the Pioneer Woman beat
▼ + stars: | 2023-12-05 | by ( Lauren Edmonds | ) www.businessinsider.com time to read: +1 min

I tried Ree Drummond's deviled egg recipe, which included white vinegar and sugar. I typically make my grandmother's "Fatboy's deviled eggs" each year for the holidays. AdvertisementRee Drummond is a food savant, but my grandmother's recipe takes the cake when it comes to deviled eggs. My grandmother Evelyn's recipe — "Fatboy's deviled eggs" — is a staple in the Edmonds family home during the holidays. After discovering Drummond's deviled egg recipe this fall, I decided to put it to the test.

Persons: Ree, —, Ree Drummond, Edmonds, It's, I'm, Drummond Organizations: Service

JAKE SULLIVAN - THE LAST GUY IN THE ROOMBiden often turns to Sullivan, the White House national security adviser, when he is considering final options and looking for advice and counsel. "He develops and puts forward the policy options before the president for him to decide," said one U.S. official. Sullivan, 47, was national security adviser for Biden when he was vice president and deputy chief of staff to then-Secretary of State Hillary Clinton. He gathers policy options from across government agencies and prepares them for Biden to consider, the traditional role of the national security adviser. JON FINER - ASKING QUESTIONSSullivan relies heavily on his deputy national security adviser, Jon Finer.

Persons: Joe Biden, Antony Blinken, Evelyn Hockstein, ANTONY BLINKEN, Biden, Blinken, Benjamin Netanyahu, JAKE SULLIVAN, Sullivan, Jake, Hillary Clinton, BRETT MCGURK, Brett McGurk, McGurk, George W, Bush, Barack Obama, Donald Trump, BILL BURNS, spymaster, Bill Burns, It's, Burns, LLOYD AUSTIN, STARK, Lloyd Austin, Yoav Gallant, Israel, KAMALA HARRIS, Kamala Harris, Harris, ”, JON, Jon, John Kerry's, Kerry, Arshad Mohammed, Nandita Bose, Don Durfee, Heather Timmons, Deepa Babington Organizations: U.S, Hamas, REUTERS, Rights, Israeli, Biden, White House, National Security, U.S ., CIA, . Defense, Pentagon, Islamic State, U.S . Army, ISIS, Palestinian, West Bank, Palestinian Authority, Washington Post, Thomson Locations: Israel, Tel Aviv, Gaza, East, North Africa, Saudi Arabia, United States, Qatar, Doha, Iran, Moscow, Russia, Ukraine, Ankara, U.S, Austin, Dubai, West

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