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Are these the most beautiful coffee shops in the world?
  + stars: | 2024-02-17 | by ( David Tran | ) edition.cnn.com   time to read: +12 min
The Budapest Café is one of many eye-catching businesses featured in “Designing Coffee: New Coffee Places and Branding,” a coffee table book — no pun intended — that puts the world’s most photogenic, eccentric cafés and roasters on display. Its "bright, playful design and color palette transform a former dental office into a bustling and vibrant bakery café," Kingston writes in "Designing Coffee." In an increasingly competitive coffee industry, coffee shop owners are putting thoughts into how their spaces are designed. Across its ambience and menu, the Genovese Coffee House in Sydney offers Australian consumers an "espresso" ticket to Mediterranean café culture. Anson Smart/Genovese Coffee House/Courtesy gestaltenElsewhere, Genovese Coffee House (pictured above) in Sydney, Australia drew inspiration from Italian coffee culture.
Persons: James Morgan, they’re, Wes Anderson, Lani Kingston, Kingston, Mikhail Loskutov, Yuh Nguyen, Luca Rinaldi, Jamie Yelo, Urbain, Jin Weiqi, Marco Pinarelli, Julius, Damir Otegen, Karin Pasterer, Hernan Taboada, Carlos Artalejo, Xavier Alexander, Alexander, , , ” Alexander, ” Kingston, David Dworkind, ” “, ’ ”, Fritz, K Kim, Angela Wijaya, Fritz Coffee, Ben Hamilton, Anson Smart, “ It’s Organizations: Budapest Cafe, CNN, Portland State University, Melrose, Rupertinum, Salzburg's Museum of Modern Art, Kingston, Fritz Coffee Company, Coffee House, Genovese Coffee, Coffee Locations: Budapest, Chengdu, China, Odessa, Ukraine, Hanoi, Vietnam, Milan, Italy, Taipei, Taiwan, Montréal, Canada, Beijing, Ho Chi Minh City, Central Highlands, Kyiv, Ukraine's, Hong Kong, Forme, Beirut, Lebanon, Almaty, Kazakhstan, Salzburg, Austria, 220GRAD, Buenos Aires, Argentina, Caffettiera, Montreal, Asia, Seoul, South Korea, Belfast, Los Angeles, California, Sydney, Australia
Many Americans believe the United States was founded as a Christian nation, and the idea is energizing some conservative and Republican activists. What does it mean to say America is a Christian nation? Was it only conservatives citing the idea of a Christian nation? Forty-five percent said the U.S. should be a Christian nation, but only a third thought it was one currently. ___Sources: Pew Research Center; Public Religion Research Institute/Brookings; “Was America Founded as a Christian Nation?” by John Fea.
Persons: , couldn't, Let's, It's, Benjamin Franklin, Jesus, deists, Franklin D, Roosevelt, Martin Luther King Jr, Christ, John Organizations: Republican, Congregational Church, American, Christian, Soviet Union, National Council of, Pew Research Center, Pew, Constitution, Religion Research Institute, Public Religion Research Institute, Brookings, , John Fea, Lilly Endowment Inc, AP Locations: United States, U.S, Connecticut, Massachusetts, America, Israel, Christianity, Rhode, Independence, Christian America, Soviet, USA, Brookings
Here are some key findings from an Associated Press investigation into Rocha's alleged betrayal and the missed red flags that could have helped him avoid scrutiny for decades. Rodríguez told AP he believed at the time he received from the Cuban defector in 2006 was an attempt to discredit a fellow anti-communist crusader. It wasn’t just Rodríguez’s tipster — whom he refused to identify to the AP but says was recently interviewed by the FBI. Officials told the AP that as early 1987, the CIA was aware Castro had a “super mole” burrowed deep inside the U.S. government. The FBI and CIA declined to comment, and the State Department didn’t respond to requests.
Persons: Manuel Rocha, Félix Rodríguez, Rocha, , ” Rodríguez, MANUEL ROCHA, , Fidel Castro’s, Fidel Castro, “ El, Liliana Ayalde, Castro, Evo Morales, Ayalde, retracing, “ Che ” Guevara, Rodríguez, tipster, Peter Romero Organizations: MIAMI, Ivy League, CIA, Cuban, Miami, FBI, State Department, Associated Press, WHO, Yale, of Intelligence, Authorities, The Taft School, Prosecutors, U.S, AP, Officials, . Locations: America, Cuban, Cuba, Chile, Colombia, New York City, Connecticut, Bolivia, U.S, Paraguay, Brazil, Latin America, Investigative@ap.org
China's latest military purge shows that it's suffering from more than just graft, a senior US official said. It's likely the PLA's corruption had a material effect on its war capabilities, said Ely Ratner. But, according to Ratner, Xi's latest military purge indicated a more serious problem. Xi's anti-corruption sweep last year extended as high as China's defense minister, Li Shangfu, who was replaced in October. Several top commanders were also fired from China's Rocket Force, a branch that Xi has emphasized as key to Beijing's strength.
Persons: It's, Ely Ratner, Ratner, , Ryan Evans, Xi Jinping, ", Xi's, Li Shangfu, Xi, hotpot Organizations: Service, Pacific Security Affairs, People's Liberation Army, Communist Party, China's, Force, Bloomberg, PLA, Radio Free, Defense, China Task Force, International Institute for Strategic Studies Locations: Beijing, China, Switzerland
Faced with declining foreign investment at home, China has sought to soften its image in the United States and Europe and make nice with some of its neighbors. One Communist Party official has played an unusually prominent role in the shift in tone. In New York, he told an audience of scholars and businesspeople that China did not seek to rewrite the United States-led global order. In Beijing, he told the ambassador of India, a regional rival, that China hoped relations would “return to a healthy and stable” track. The official, Liu Jianchao, heads the Communist Party’s diplomatic arm, a body that promotes the party’s ideology and influence abroad.
Persons: Liu Jianchao, China’s Organizations: Communist Party, Communist Locations: China, United States, Europe, New York, States, Paris, Beijing, India
CNN —Two Chinese fishermen have drowned during a pursuit by Taiwan’s coast guard for trespassing off the coast of Taiwan’s Kinmen islands. According to the coast guard, an unnamed mainland Chinese vessel had trespassed within about one nautical mile off the coast of Kinmen - which lies nearer to mainland China than to Taiwan. The vessel capsized while attempting to flee, causing four crew members aboard to fall into the water, it said. “The coast patrol boat rescued two crew members and found another two unconscious crew members in the sea,” the coast guard said in a statement Wednesday, adding that the two unconscious members were confirmed dead after being taken to the hospital. The coast guard said they would contact the fishermen’s families through official channels.
Persons: , Taiwan’s Organizations: CNN, China’s Taiwan Affairs Office, Chinese Communist Party, Taiwan, Taiwan Affairs Office, Democratic Progressive Party of Locations: Taiwan’s, Kinmen, China, Taiwan
BERLIN (AP) — The 74th Berlin International Film Festival opens Thursday with the world premiere of “Small Things Like These” starring man of the moment Cillian Murphy. Festival directors Mariette Rissenbeek and Carlo Chatrian, who will step down after this year, expressed their aim for “open dialogue” surrounding the war. The duo’s previous film, “Ballad of a White Cow,” premiered in competition in Berlin in 2021. Kenyan-Mexican actor Lupita Nyong’o will serve as the Berlinale’s first black jury president at this year’s festival. Isabelle Huppert will return to Berlin to collect her unclaimed lifetime achievement from 2022, when the French acting icon could not attend.
Persons: Cillian Murphy, Murphy, “ Oppenheimer, , , Blinders, Tim Mielants, Eileen Walsh, Michelle Fairley, Emily Watson, Magdalene laundries, Mariette Rissenbeek, Carlo Chatrian, ” It’s, haven’t, Ayo Tsalithaba, Suneil Sanzgiri, Maryam Moghaddam, Sanaeeha, Berlinale, AfD’s, Kristin Brinker, Lupita Nyong’o, Brady Corbet, Jasmine Trinca, Ann Hui, Christian Petzold, Albert Serra, Oksana Zabuzhko, Kristen Stewart, Adam Sandler, Stephen Fry, Lena Dunham, Marvel’s Sebastian Stan, Martin Scorsese, Golden Bear, Isabelle Huppert, Hong Sang Organizations: BERLIN, Berlin, West Bank, Palestinian, Germany, Kenyan Locations: Ireland, Gaza, Germany, Israeli, American, Israel, Tehran, Berlin, Berlin’s, AfD’s Berlin, Mexican, Ukrainian, Czech, Poland, French, South Korean
Your next Tesla could be made by China
  + stars: | 2024-02-14 | by ( Aaron Mok | ) www.businessinsider.com   time to read: +4 min
Elon Musk invited the suppliers to Mexico as part of plans for cheaper Teslas, Bloomberg reported. That move could be stoking concerns among US officials and EV makers over China's influence. China has a "highly organized, highly efficient supply chain," Venkatesh Prasad, chief innovation officer at the Center for Automotive Research, told Bloomberg. AdvertisementTesla, which also makes cars in the US, and other US-based EV makers may also be feeling the heat from competitors. Mary Lovely, a senior fellow at the Peterson Institute for International Economics, told Bloomberg.
Persons: Elon Musk, , Tesla's, Venkatesh Prasad, Tesla, stoke, Katherine Tai, Tai, Biden, EVs, China's, Tesla's Musk, Mary Lovely Organizations: Bloomberg, Service, Center for Automotive Research, Business, Trump, Chinese Communist Party, US Trade Rep, Nikkei, EV, Peterson Institute for International Economics Locations: Mexico, Monterrey, Shanghai, Mexican, Nuevo Leon, Austin, China, Beijing, Washington, DC, United States
The House of Representatives, by an extremely narrow margin, voted Tuesday to impeach Homeland Security Secretary Alejandro Mayorkas, the first Cabinet secretary to be impeached in almost 150 years. The Department of Homeland Security said that House Republicans “will be remembered by history for trampling on the Constitution” following the vote to impeach. “Secretary Mayorkas and the Department of Homeland Security will continue working every day to keep Americans safe,” the statement said. Ken Buck, Tom McClintock, and Mike Gallagher are three House Republicans who voted against impeaching Mayorkas. Mayorkas has sent a letter to House Republicans to defend his record in public service in advance of the vote.
Persons: Alejandro Mayorkas, Mayorkas, Joe Biden, William Belknap, Republicans – Ken Buck, Republicans – Ken Buck of Colorado, Mike Gallagher of, Tom McClintock, California –, Republicans “, Mia Ehrenberg, Steve Scalise, Texas Democrat Al Green, Ken Buck, Mike Gallagher, impeaching Mayorkas, , Troy Nehls, we’re, , Lance Gooden, Patrick McHenry of, Kevin McCarthy, Mike Johnson, “ He’s, Ian Sams, Chuck Schumer’s, Pro Tempore Patty Murray, ” Schumer, Johnson, Donald Trump, ” Mayorkas, CNN’s Morgan Rimmer, Manu Raju Organizations: Homeland, Republicans, Biden, Department of Homeland Security, , Texas Democrat, AP, Getty, GOP, CNN, Texas, Democratic, Pro Tempore, House Republicans, , Communist, Democrats, Homeland Security, Republican, Border Patrol Locations: Republicans – Ken Buck of, Mike Gallagher of Wisconsin, California, Israel, Texas, , Patrick McHenry of North Carolina, Cuba
When Representative Marjorie Taylor Greene, Republican of Georgia, stood on the House floor this month to announce her proposal to censure the only Somali-born member of Congress, she said she was seeking punishment for “Representative Ilhan Omar of Somalia — I mean Minnesota.”Earlier that same week, Representative Troy Nehls, Republican of Texas, called the Black husband of another Democratic woman of color, Representative Cori Bush of Missouri, a “thug.” He then said Ms. Bush, who is also Black, had received so many death threats because she was “so loud all the time.”At a hearing across the Capitol, Senator Tom Cotton, Republican of Arkansas, grilled the chief executive of TikTok, Shou Chew, about his nation of origin. Mr. Cotton repeatedly demanded to know whether Mr. Chew, who is from Singapore, was Chinese, held a Chinese passport or was a member of the Chinese Communist Party. “No, senator — again, I’m Singaporean,” Mr. Chew responded with agitation after saying several times that he was not Chinese.
Persons: Marjorie Taylor Greene, Ilhan Omar, Troy Nehls, Cori Bush of, , Bush, Tom Cotton, TikTok, Shou Chew, Cotton, Chew, , Mr Organizations: Republican, Democratic, Capitol, Chinese Communist Party Locations: Georgia, Somali, Somalia, Minnesota, Texas, Cori Bush of Missouri, Arkansas, Singapore
Gallagher was one of just four House Republicans to vote against the impeachment of Mayorkas. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementRep. Mike Gallagher, the 39-year-old Wisconsin lawmaker who has long been viewed as a rising GOP star, won't seek reelection days after he rejected his party's push to impeach Homeland Security Secretary Alejandro Mayorkas. "Electoral politics was never supposed to be a career and, trust me, Congress is no place to grow old." (The GOP plans to bring up the vote again with the impending return of House Majority Leader Steve Scalise of Louisiana.)
Persons: Mike Gallagher, wouldn't, Gallagher, Mayorkas, , Alejandro Mayorkas, we've, Biden, Steve Scalise, Democratic Sen, Tammy Baldwin Organizations: Republicans, Chinese Communist Party, Service, GOP, Homeland, Marine Corps, Congress, Armed Services, Intelligence, Cyberspace, Commission, House Republicans, House, Democratic Locations: Wisconsin, Mexico, Louisiana
Cuba Charges 30 Over Massive Chicken Heist
  + stars: | 2024-02-10 | by ( Feb. | At A.M. | ) www.usnews.com   time to read: +2 min
HAVANA (Reuters) - Cuba has charged 30 people for stealing 133 tonnes of chicken and selling them on the street in a rare major heist at a time of food shortages in the communist-run nation. The chicken had been earmarked for Cuba`s "rationbook" system introduced after the late Fidel Castro's 1959 revolution to provide subsidized staples for all. Rigoberto Mustelier, director of government food distributor COPMAR, said the quantity stolen was the equivalent of a month`s ration of chicken for a medium-sized province at current distribution rates. The amount of chicken available via the rationbook has fallen sharply in recent years as economic crisis has brought scarcities of food, fuel and medicines. Authorities did not say when the chicken theft took place, but noted it likely occurred between midnight and 2 a.m., when they detected fluctuations in the temperature of the cold storage facility.
Persons: Fidel Castro's, Rigoberto Mustelier, Dave Sherwood, Andrew Cawthorne Organizations: TV, Authorities Locations: HAVANA, Cuba, Havana, Cuban
His seat in Wisconsin's 8th congressional district is particularly valuable, given the state's battleground status and House Republicans' current rail-thin majority. Despite occasional resistance to his party, Gallagher is still an essential GOP vote representing a key swing state. Trump won Wisconsin in 2016 but lost it to President Joe Biden in 2020. In 2022, Gallagher won roughly 72% of the vote against several third-party candidates but no formal Democrat opponent. He was also appointed to the helm of the House's high-profile China committee, which was created at the start of last year.
Persons: Mike Gallagher, Gallagher, Alejandro Mayorkas, Donald Trump's, Trump, Joe Biden, Gallagher's, Kristin Lyerly, Christopher Wray Organizations: U.S, Capitol, Chinese Communist Party, Marine Corps, House Republicans, Homeland, Trump, Wisconsin, Badger, Democrat, Democratic, GOP, CCP Locations: Wisconsin's, Wisconsin, Washington, China
He really, really wants to play in China. “I promise we’ll play in China one day,” Martin said to the screaming crowd when he invited two lucky fans up on stage. “You know, we can’t get the permission (to play in China),” he told concertgoers. Chris Martin and Coldplay aren’t alone in wanting to serenade mainland Chinese audiences. Chinese authorities have also been known to vet the content of shows, including setlists and lyrics.
Persons: Hong Kong CNN — Coldplay, Chris Martin, , ” Martin, don’t, Coldplay, , Martin, concertgoers, “ Coldplay, China …, Paul Kane, Coldplay aren’t, Jon Bon Jovi, Jovi, Bon Jovi’s, Lama, Xi Jinping, , Xi, Golshifteh Farahani, “ Young, Bjork, Justin Bieber, Katy Perry's, Sam Yeh, Katy Perry, Madonna, James Hetfield, we’re Organizations: Hong Kong CNN, CNN, Coldplay, Tourism Ministry, Oasis, Communist Party, China’s Communist Party, Tibet, Municipal, of Culture, Getty, Taiwan, Chinese Culture Ministry, South China Morning Locations: Hong Kong, Thailand, China, Guangzhou, British, Asia, Tokyo, , Beijing, Shanghai, Macao, Covid, Bangkok, Singapore, Kuala Lumpur, Worth, Iranian, Buenos Aires, Iran, Taipei, AFP, Taiwan
In the past, leading opposition figures in Putin’s Russia who stood up to him and who questioned his authority have tended to be dealt with harshly. Life in Putin's Russia View All 14 ImagesThe liberal Boris Nemtsov was killed, for instance, in 2015 outside the Kremlin (supposedly by agents linked to Putin’s FSB). He needs the election to be seen as “clean” as a means of cementing his legacy as Russian state leader. As leader, Putin has regularly been recorded as enjoying popular support. While Putin does appear now to enjoy a high degree of popularity in Russia (albeit largely media-engineered), this may not last.
Persons: Rod Thornton, Vladimir Putin, Putin, Tsar Peter the Great, Nikolai Kharitonov, Putin –, Yekaterina Duntsova, Boris Nemtsov, Alexei Navalny, Mikhail Khodorkovsky, , Alexander Lukashenko Organizations: Communist, Kremlin, St, International Studies , Defense, Security, King's College Locations: Russia, Soviet, Ukraine, Putin’s Russia, Siberia, Navalny, London, Russian, Moscow, St Petersburg
“The Russian government must have the data of how many foreign fighters have joined the Russian army and how many Nepalis are fighting for Russia,” she said. The Russian foreign ministry has not responded to CNN’s questions about the number of Nepalis recruited by the Russian army and how many of them have died so far. She thought her husband, Shukra Tamang – a retired Nepali army soldier fighting for Russia – was the person calling. A photo shows Shukra Tamang, a retired Nepali army soldier, training in Russia. Bonuses paidNepali men who want to join the Russian army first travel to Russia on a tourist visa.
Persons: Nepal CNN — Ramchandra Khadka, Khadka, , ” Khadka, Ramchandra Khadka, , Bimala Rai Paudyal, Nepalis, Kritu Bhandari, Russia haven’t, Bhandari, , Januka Sunar’s, hasn’t, Sunar, , Januka Sunar, it’ll, Tamang, Shukra Tamang, Shukra, , Russia –, Shishir Bishwokarma, Avangard, Suman Tamang, ” Tamang, “ It’s, It’s, Binoj Basnyat, Ram Sharma, Sharma, ” Sharma, Saud, Nepalis haven’t, Bhupendra Bahadur Khatri, hadn’t, ” Khatri, Basnyat Organizations: Nepal CNN, Russia, Ukraine, CNN, Russian, Henley & Partners, Bank, Communist Party of Nepal, Maoist, CNN CNN, YouTube, AK, Moscow Oblast, Avangard, United Arab, Agents, Moscow, CNN Kathmandu, World Bank Locations: Kathmandu, Nepal, Ukraine, Afghanistan, Russia, Russian, Moscow, Bakhmut –, Bakhmut, North Korea, Januka, Nepali, Avangard, Indian, United Arab Emirates, India, Dubai, UAE
(Reuters) - Russia's registration of candidates for the March presidential election has closed, TASS reported on Sunday, with a list including President Vladimir Putin, who is expected to win, and three politicians who all support Moscow's war in Ukraine. The Kremlin has said it does not see him as a serious rival to Putin. Photos You Should See View All 21 ImagesNadezhdin said on Thursday he would challenge the CEC's decision in Russia's Supreme Court. The war, which the Kremlin calls a "special military operation", is nearing the end of its second year. It has killed thousands on both sides, displaced millions of Ukrainians, and turned scores of cities and villages into rubble.
Persons: Vladimir Putin, Boris Nadezhdin, Vladislav Davankov, Leonid Slutsky, Nikolai Kharitonov, Putin, Nadezhdin, Elaine Monaghan, Lidia Kelly, Jonathan Oatis Organizations: Reuters, Commission, CEC, Russian Duma, New People, Kremlin, Liberal Democratic Party, Communist Party, United Russia, Putin Locations: Ukraine, Russian
Rep. Mike Gallagher, center, chair of the House Select Committee on the Chinese Communist Party, speaks at a news conference following a GOP caucus meeting at the Republican National Committee offices in Washington, D.C., on Feb. 28, 2023. He is joined by fellow Republicans Rep. Elise Stefanik, left, and Majority Whip Steve Scalise. Sequoia Capital China, Qualcomm Ventures and three other venture capital firms plowed at least $3 billion into Chinese tech companies that support Beijing's military and its repression of minorities in Xinjiang, a U.S. congressional report alleged on Thursday. Reuters could not reach the venture capital firms for comment. The White House did not respond to requests for comment.
Persons: Mike Gallagher, Elise Stefanik, Steve Scalise, Biden Organizations: Chinese Communist Party, Republican National Committee, Washington , D.C, Sequoia Capital China, Qualcomm Ventures, Representatives, Republican, GGV, GSR Ventures, Walden International, U.S, Embassy Locations: Washington ,, Sequoia Capital, Xinjiang, U.S, China, People's Republic of China, Washington
Temu, the controversial Chinese e-commerce giant looking to take on Amazon , is returning to the big game on Sunday with a Super Bowl ad that lawmakers are calling on Paramount Global and CBS not to run. The multi-million dollar investment put Temu on the map and by the end of 2023, it was the No. On Wednesday, 11 Republican lawmakers sent a letter to the CEOs of CBS, which is airing the Super Bowl, and parent company Paramount urging them not to run the advertisement. "Specifically, Temu 'does not have any system to ensure compliance with the Uyghur Forced Labor Prevention Act (UFLPA). Allowing Temu's commercial to air "would be a touchdown for the Chinese Communist Party against the home team," the letter stated.
Persons: haven't, Temu, Carol Miller, Byron Donalds, Jim Banks, Nicole Malliotakis, Christopher Smith, Pete Stauber, Ronny Jackson, Michelle Steel, Beth Van Duyne, James Baird, Mike Carey Organizations: Paramount Global, CBS, PDD Holdings, U.S, Republican, Paramount, Bowl, Chinese Community Party, Uyghur, Labor, Chinese Communist Party, Reps, Ohio . Paramount Locations: U.S, United States, Ohio
BANGKOK (AP) — Share were mostly higher in Asia on Thursday after the S&P 500 neared the 5,000 level for the first time. Hong Kong’s benchmark fell while Shanghai advanced after China replaced its top stock market regulator. Late Wednesday, China's top stock regulator was replaced by a former chairman of the Shanghai Stock Exchange as part of those efforts. On Thursday, the Shanghai Composite index gained 1.3% to 2,865.90 and the Shenzhen Components index in China's smaller main market also added 1.3%. The S&P 500 gained 0.8%, coming within a fraction of a point of the 5,000 level before ending the day at 4,995.06.
Persons: Wu Qing, Yi Huiman, Hang Seng, Australia's, SET, Snapchat Organizations: Shanghai Stock Exchange, China Securities Regulatory Commission, Communist Party, Nikkei, Ford, Dow Jones, Nasdaq, . New York Community Bancorp, Signature Bank, Ford Motor, Enphase Energy, CVS Health, Corp, Vans, New York Mercantile Exchange, Brent Locations: BANGKOK, Asia, Shanghai, China, Tokyo, Beijing, Shenzhen, Seoul, India, Wall
A congressional investigation has determined that five American venture capital firms invested more than $1 billion in China’s semiconductor industry since 2001, fueling the growth of a sector that the United States government now regards as a national security threat. Funds supplied by the five firms — GGV Capital, GSR Ventures, Qualcomm Ventures, Sequoia Capital and Walden International — went to more than 150 Chinese companies, according to the report, which was released Thursday by both Republicans and Democrats on the House Select Committee on the Chinese Communist Party. The investments included roughly $180 million that went to Chinese firms that the committee said directly or indirectly support Beijing’s military. That includes companies that the U.S. government has said provide chips for China’s military research, equipment and weapons, such as Semiconductor Manufacturing International Corporation, or SMIC, China’s largest chipmaker. The report by the House committee focuses on investments made before the Biden administration imposed sweeping restrictions aimed at cutting off China’s access to American financing and technology.
Persons: Walden International —, Biden Organizations: , GSR Ventures, Qualcomm Ventures, Sequoia Capital, Walden International, Republicans, Democrats, Chinese Communist Party, Semiconductor Manufacturing International Corporation Locations: United States
He replaced Yi Huiman, who presided over months of turmoil as share markets slumped, losing trillions of dollars of value. Earlier this week, the CSRC said that it was cracking down on insider trading, market manipulation and other crimes and would protect small investors. A state investment fund pledged to step up buying of exchange-traded funds and regulators also imposed limits on short-selling. Prolonged weakness in the property market and share prices has dented consumer confidence, hindering that transition. Given the selloff in the stock market, “many could be tempted to take their loss and walk away in the slightest recovery.
Persons: Wu Qing, Yi Huiman, Swissquote, Wu, , Xi Jinping, ” Ozkardeskaya Organizations: Shanghai Stock Exchange, Communist Party, China Securities Regulatory Commission, Xinhua News Agency, Investors, , Authorities Locations: BANGKOK, Wu, China, Shanghai, Shenzhen, Beijing
By Floirian GogaSHENGJIN, Albania (Reuters) - An Albanian port that was once home to the country's navy is set to receive African, Asian and Middle East migrants sent on from Italy as part of a deal that has drawn criticism from human rights groups. Migrants who arrive in Italy would be taken by boat to the ex-navy port of Shengjin, now a popular tourist destination on Albania's scenic northern Adriatic seacoast. I feel a spiritual obligation because my children were raised in Italy," said Mhill Marku, an Albanian ex-military officer whose four children live in Italy. The U.N. high commissioner for human rights chief said last week the plan raised concerns about arbitrary detention and living conditions for migrants. The Rwanda scheme was declared unlawful in November by non-EU Britain's Supreme Court and the government has introduced legislation it hopes, when passed, will override human rights concerns.
Persons: Goga, Mhill Marku, Marku, Florian Goga, Ivana Sekularac, Mark Heinrich Organizations: European Union, Migrants, Reuters, European, EU Locations: Goga SHENGJIN, Albania, Albanian, Italy, Balkan, European, EU, Shengjin, Gjader, Brussels, Albania's, British, Rwanda, East Africa, France
BEIJING (AP) — China replaced the head of its market watchdog Wednesday in an apparent attempt to restore confidence in financial markets following a prolonged downturn. Official media said Wu Qing, a former chairman of the Shanghai Stock Exchange, would replace Yi Huiman as chairman and Communist Party chief of the China Securities Regulatory Commission. Chinese stocks have been trading near 5-year lows despite various measures to stabilize the markets. Earlier this week, the CSRC said it was cracking down on insider trading, market manipulation and other crimes and would protect small investors. The appointment came during a week that has seen wild swings in share prices and despair among investors who have seen their investments evaporate.
Persons: Wu Qing, Yi Huiman, Wu, , Butcher ”, Swissquote, ” Ozkardeskaya, Yi, monthslong Organizations: BEIJING, Shanghai Stock Exchange, Communist Party, China Securities Regulatory Commission, Xinhua News Agency Locations: China, Shanghai, Shenzhen, Beijing
BANGKOK (AP) — Chinese and U.S. officials have met in Beijing for talks on tough issues dividing the two largest economies, as trade and tariffs increasingly draw attention in the runup to the U.S. presidential election. The talks sent a “positive signal,” the Global Times, a newspaper of China’s ruling Communist Party, said in an article published late Tuesday. The two sides said the talks in Beijing also touched on issues such as debt problems in developing countries, financial cooperation and economic policies. The Economic Working Group's meeting was its third since it was established in September and its first in Beijing. A Treasury delegation met with Chinese Vice Premier He Lifeng while in Beijing and conveyed a message that Yellen hoped to visit China at an “appropriate time.”
Persons: Joe Biden, Xi Jinping, Biden, Donald Trump, Yellen, Organizations: U.S, China’s Ministry of Finance, Global Times, Communist Party, U.S . Treasury Department, International Energy Agency, Treasury Department, Trump, Treasury Locations: BANGKOK, Beijing, U.S, China, Europe, San Francisco , California, Taiwan
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