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☆ China’s version of Spotify is ‘underappreciated,’ Morgan Stanley says
▼ + stars: | 2023-12-03 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +3 min

Tencent Music Entertainment is convincing more people in China to pay for music. Because of the size of China's market, it's more than Spotify 's claim of 574 million monthly active users —across 184 countries and territories. TME's "music value [is] still underappreciated," Morgan Stanley analysts led by Alex Poon wrote in a late November report. "We see room for [TME] music revenue to double and profit to triple in the next three years," the Morgan Stanley analysts wrote, noting "limited risks from macro and competition." Revenue from music subscriptions is estimated to rise 38% in 2023 versus 2022, Morgan Stanley estimates.

Persons: That's, Morgan Stanley, Alex Poon, ADRs, TME, Alex Yao, Gross, JPMorgan's Yao, Tencent, — CNBC's Michael Bloom Organizations: Tencent, Entertainment, Spotify, Kugou Music, JPMorgan Locations: China, U.S, Tencent, 3Q23

☆ China consumption shows 'no sign' of a strong V-shaped recovery, McKinsey says
▼ + stars: | 2023-12-01 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +3 min

"But there are no signs it should be a strong, V-shaped recovery," said Zipser, who is also a senior partner at McKinsey and author of a new report called "China Consumption: Start of a New Era." China's retail sales have generally remained lackluster since the onset of the Covid-19 pandemic in early 2020. The overall economic recovery and the recovery of the property market has not been what people hoped for. "The overall economic recovery and the recovery of the property market has not been what people hoped for," he said. China's retail sales rose by 7.6% in October from a year ago, beating analysts' expectations.

Persons: Daniel Zipser, Zipser, Major Organizations: Future Publishing, Getty, BEIJING, McKinsey, Apple, Starbucks, World Bank . U.S Locations: Lianyungang City, East China's Jiangsu Province, Asia, China, South Korea, India, Indonesia

☆ Goldman Sachs loves this sub-sector in China — and names 3 stocks to buy
▼ + stars: | 2023-12-01 | by ( Weizhen Tan | ) www.cnbc.com time to read: +2 min

China e-commerce is one of Goldman's top preferred sub-sectors — and there will be six key themes coming up in 2024, the bank said. The themes are: Consumers' focus on value for money — for which e-commerce platforms are well positioned. Goldman said that despite slowing consumption growth in China, e-commerce and e-commerce advertising is still one of its top preferred sectors — thanks in part to global expansion and attractive valuations. Goldman also expects its global e-commerce arm Temu to continue its growth momentum as a result of its global expansion. Goldman expects its third favored name — Kuaishou — to continue outpacing the industry.

Persons: —, Goldman, Pinduoduo, Temu, Kuaishou, — CNBC's Michael Bloom, Evelyn Cheng Locations: China, U.S, Pinduoduo, China's

☆ Five senators ask Biden to impose China travel ban after respiratory illness cases
▼ + stars: | 2023-12-01 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

REUTERS/Evelyn Hockstein/File Photo Acquire Licensing RightsWASHINGTON, Dec 1 (Reuters) - Five Republican senators led by Marco Rubio on Friday asked President Joe Biden's administration to ban travel between the United States and China after a spike in Chinese respiratory illness cases. In recent months, the United States and China have been steadily increasing flights between the countries, that are still far below 2019 levels. The United States lifted the unprecedented travel restrictions for fully vaccinated international visitors starting in November 2021, including from China. The United States rescinded a separate requirement air travelers test negative before arriving in June 2022. The United States in January started requiring air passengers to get negative COVID tests after Beijing's decision to lift its stringent zero-COVID policies and lifted the requirements in March.

Persons: Joe Biden, Evelyn Hockstein, Marco Rubio, Joe Biden's, Rubio, Maria Van Kerkhove, Donald Trump, David Shepardson, Chizu Organizations: CS, REUTERS, Rights, Republican, Friday, Senate Intelligence, World Health Organization, China, Program, Embassy, Thomson Locations: Pueblo , Colorado, U.S, United States, China, Washington, States

☆ U.S. to impose visa bans soon on Israeli extremist settlers for West Bank violence
▼ + stars: | 2023-12-01 | by ( Humeyra Pamuk | Thomson Reuters | Humeyra Pamuk Is A Senior Foreign Policy Correspondent Based In Washington Dc. She Covers The U.S. State Department | ) www.reuters.com time to read: +2 min

REUTERS/Evelyn Hockstein/File Photo Acquire Licensing RightsDUBAI, Dec 1 (Reuters) - The Biden administration has informed Israel that Washington will impose visa bans in the next few weeks on Israeli extremist settlers engaged in violence against Palestinian civilians in the occupied West Bank, a senior State Department official said. The West Bank, among the territories where Palestinians seek statehood, has experienced a surge of violence in recent months amid expanding Jewish settlements and a nearly decade-old impasse in U.S.-sponsored peacemaking. The United States has repeatedly expressed its concern over the rising violence in the West Bank, saying it must stop. "I have been emphatic with Israel’s leaders that extremist violence against Palestinians in the West Bank must stop and that those committing the violence must be held accountable. The United States is prepared to take our own steps, including issuing visa bans against extremists attacking civilians in the West Bank," Biden wrote.

Persons: Joe Biden, Eisenhower, Evelyn Hockstein, Biden, Antony Blinken, Benjamin Netanyahu, Israel hurtled, Eylon Levy, Israel, Washington, Humeyra Pamuk, Howard Goller Organizations: REUTERS, Rights, West Bank, State Department, Israeli, The West Bank, United, Thomson Locations: Washington , U.S, Israel, Washington, United States, Gaza, U.S, Israel's

☆ Biden praised Kissinger in life, offers measured reaction on his death
▼ + stars: | 2023-11-30 | by ( Heather Timmons | ) www.reuters.com time to read: +3 min

U.S. President Joe Biden speaks In the Indian Treaty Room of the Eisenhower Executive Office Building at the White House complex in Washington, U.S., November 27, 2023. Fifteen years later, Biden's White House took a more distant approach, waiting about 24 hours to issue a statement after Kissinger died at age 100 on Wednesday. Biden said he first met Kissinger when he was a young Democratic senator from Delaware and he was secretary of state. Biden said after Kissinger retired from government "he continued to offer his views and ideas to the most important policy discussion across multiple generations." “It’s a huge loss,” National Security Council spokesman John Kirby said Thursday, noting Kissinger’s military service during World War Two and years of public service afterward.

Persons: Joe Biden, Eisenhower, Evelyn Hockstein, Henry Kissinger, Biden, Kissinger, Biden's, " Biden, Jill, Nancy, Elizabeth, David, “, John Kirby, Kirby, Heather Timmons, Steve Holland, Caitlin Webber, Stephen Coates Organizations: REUTERS, Rights, Democratic, Paris Peace, White, Biden, ” National Security, Thomson Locations: Washington , U.S, Iraq, Delaware, China, U.S, Israel, Paris, North Vietnam, America

☆ Democrats have no Biden backup plan for 2024, despite age concerns
▼ + stars: | 2023-11-30 | by ( Jeff Mason | Thomson Reuters | Jeff Mason Is A White House Correspondent For Reuters. He Has Covered The Presidencies Of Barack Obama | ) www.reuters.com time to read: +7 min

Despite weak poll numbers and questions, including from some Democrats, about his age, Biden has stuck to his plan to seek a second term after clearing the field of serious Democratic primary challengers when he announced in April that he was running again. Biden loyalists, citing his record in office, argue that the party does not need a backup plan to defeat probable Republican nominee Donald Trump, who Biden beat in the 2020 election. To the chagrin of the White House, Biden's age has become a defining part of the 2024 campaign. "If he continues to run, he will be the nominee of the Democratic Party. In 1972, then Senator George Eagleton withdrew as Democratic presidential candidate George McGovern's vice presidential running mate after revelations of his treatment for depression forced him out of the race.

Persons: Joe Biden, Eisenhower, Evelyn Hockstein, Biden, Donald Trump, Biden's, Kamala Harris, ” Biden, Daniel Wessel, Trump's, Trump, David Axelrod, Barack Obama's, Axelrod, Marianne Williamson, Dean Phillips, Harris, Gavin Newsom, Elaine Kamarck, George Eagleton, George McGovern's, Sargent Shriver, McGovern, Newsom, Ron DeSantis, Jeff Mason, Heather Timmons, Alistair Bell Organizations: REUTERS, Rights, Democratic Party, Democratic, Biden, Republican, Democrat, Reuters, MAGA, Republicans, Trump, White, Twitter, U.S, Brookings Institution, Democratic National Committee, DNC, Thomson Locations: Washington , U.S, Nevada, South Carolina, Georgia, California , Illinois, Michigan, Chicago, California, Washington, Florida

☆ UAW launches bid to organize Tesla and 'entire non-union auto sector'
▼ + stars: | 2023-11-29 | by ( David Shepardson | ) www.reuters.com time to read: +4 min

Shawn Fain, president of the United Auto Workers (UAW) speaks as U.S. President Joe Biden (not pictured) joins striking members of the United Auto Workers (UAW) on the picket line outside GM's Willow Run Distribution Center, in Belleville, Wayne County, Michigan, U.S., September 26, 2023. REUTERS/Evelyn Hockstein/File Photo Acquire Licensing RightsWASHINGTON, Nov 29 (Reuters) - The United Auto Workers union said on Wednesday it is launching a first-of-its-kind push to publicly organize the entire nonunion auto sector after winning new contracts with the Detroit Three automakers. "To all the auto workers out there working without the benefits of a union, now it's your turn," UAW President Shawn Fain said in a video posted on a website urging auto workers to sign electronic cards seeking union representation. "I want this type of contract for all auto workers and I have a feeling the UAW has a plan for that," he said at an event with Fain. The UAW for decades has unsuccessfully sought to organize auto factories operated by foreign automakers.

Persons: Shawn Fain, Joe Biden, Evelyn Hockstein, Fain, Tesla, Elon Musk, David Shepardson, Ben Klayman, Matthew Lewis Organizations: United Auto Workers, UAW, REUTERS, Rights, Detroit Three automakers, Tesla, Toyota, Volkswagen, Hyundai, Nissan, BMW, Mercedes, Benz, Detroit, General Motors, Ford Motor, Detroit Three, Lexus ES, Union, Thomson Locations: Belleville, Wayne County , Michigan, U.S, Detroit, Mississippi, Tennessee, Chattanooga , Tennessee, Georgetown , Kentucky, Washington

Consumers in China are hunting for bargains when they spend, the latest earnings from online retailers show. Chinese e-commerce giant Pinduoduo posted 94% growth in third-quarter revenue, far outpacing Alibaba 's 9% growth during the same period. Pinduoduo , known for its bargain-priced products, said Tuesday that third quarter revenue was the equivalent of $9.44 billion – beating revenue forecasts, according to LSEG. Pinduoduo said revenue from transactions skyrocketed by 315% in the third quarter to nearly $4 billion. JD missed third-quarter revenue estimates, according to LSEG data, despite net revenue rising 1.7% in the quarter from a year ago to the equivalent of $34 billion.

Persons: Pinduoduo, Temu, Alibaba, JD Organizations: JPMorgan Locations: China, FactSet, U.S, Australia, New Zealand, France, Italy, Germany, Netherlands, Spain

☆ Huawei is pushing its tech into the EV world with new cars, automaker partnerships
▼ + stars: | 2023-11-29 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +3 min

Changan and Huawei are already partners for the Avatr electric car brand, created in 2018 with electric car battery giant Contemporary Amperex Technology . Huawei is also working with Chery on the Luxeed electric car brand, which revealed details for its S7 sedan on Tuesday. BAIC, whose Arcfox electric brand already uses Huawei tech, and JAC did not immediately respond to a request for comment. Tencent , which operates China's social media app WeChat, has claimed it supplies BMW and some other automakers with car tech. Selling a suite of car tech products called "Huawei Inside," while the automaker designs the vehicle.

Persons: JAC, Richard Yu, BAIC, Tu Le, It's, Huawei's Yu Organizations: Getty, Nurphoto, Huawei, Changan Automobile, Technology, Chery, BAIC, BMW Locations: SHANGHAI, CHINA, Shanghai, China, BEIJING, Beijing, U.S

☆ Biden to target Republican Boebert as he talks wind energy in Colorado
▼ + stars: | 2023-11-29 | by ( Jeff Mason | Thomson Reuters | Jeff Mason Is A White House Correspondent For Reuters. He Has Covered The Presidencies Of Barack Obama | ) www.reuters.com time to read: +2 min

[1/5] U.S. President Joe Biden delivers remarks at CS Wind, the largest wind tower manufacturer in the world, in Pueblo, Colorado, U.S., November 29, 2023. REUTERS/Evelyn Hockstein Acquire Licensing RightsDENVER, Nov 29 (Reuters) - President Joe Biden will tout his economic and clean energy policies on Wednesday in Colorado while taking on right-wing Republican U.S. lawmaker Lauren Boebert, a close ally of former President Donald Trump. Biden, who blamed Trump at a fundraising event in Denver on Tuesday for taking away women's right to an abortion, will visit a wind tower manufacturer in Pueblo, part of Boebert's congressional district. Biden, a Democrat running for reelection next year, has presided over a stronger-than-expected U.S. economy and big federal investments in infrastructure and clean energy, but the clean energy industry is now struggling with high costs. At the wind tower manufacturer, Biden will speak about clean energy investments and "highlight how self-described MAGA Republicans like Representative Lauren Boebert are threatening those investments, jobs, and opportunities," the White House said.

Persons: Joe Biden, Evelyn Hockstein, Lauren Boebert, Donald Trump, Biden, Trump, MAGA, Democrat Adam Frisch, Boebert, Jeff Mason, Heather Timmons, Jonathan Oatis Organizations: CS, REUTERS, Rights DENVER, Republican U.S, Biden, Democrat, Trump, Republican, White House, MAGA Republican, U.S, Capitol, MAGA Republicans, White, Reuters, Thomson Locations: Pueblo , Colorado, U.S, Colorado, Denver, Pueblo, Boebert's

☆ UAW launches bid to organize Tesla and 'entire non-union auto sector' in US
▼ + stars: | 2023-11-29 | by ( David Shepardson | ) www.reuters.com time to read: +6 min

Shawn Fain, president of the United Auto Workers (UAW) speaks as U.S. President Joe Biden (not pictured) joins striking members of the United Auto Workers (UAW) on the picket line outside GM's Willow Run Distribution Center, in Belleville, Wayne County, Michigan, U.S., September 26, 2023. "To all the auto workers out there working without the benefits of a union, now it's your turn," UAW President Shawn Fain said in a video posted on a website urging auto workers to sign electronic cards seeking union representation. The UAW for decades has unsuccessfully sought to organize auto factories operated by foreign automakers. The website asks Tesla workers to join, saying CEO "Elon Musk is the richest man in the world, with a net worth of $230 billion. The question is, will Tesla workers get their fair share?"

Persons: Shawn Fain, Joe Biden, Evelyn Hockstein, Fain, Elon Musk, Tesla, Harley Shaiken, David Shepardson, Ben Klayman, Matthew Lewis Organizations: United Auto Workers, UAW, REUTERS, Rights, Detroit Three automakers, Tesla, Toyota, Volkswagen, Hyundai, Nissan, BMW, Mercedes, Benz, Detroit, General Motors, Ford Motor, New York Times, Honda, Subaru, Mazda, Volvo, University of California, White, Detroit Three, Lexus ES, Union, Thomson Locations: Belleville, Wayne County , Michigan, U.S, Detroit, America, Mississippi, Tennessee, Chattanooga , Tennessee, Berkeley, Georgetown , Kentucky, Washington

Escalating a months-long investigation across three congressional committees, the Republican-controlled House of Representatives launched an impeachment inquiry into Biden in September, which focuses on Hunter Biden's business dealings. House Republicans allege Biden and his family improperly traded access to Biden's office as vice president in President Barack Obama's administration. Comer said in a statement that the subpoena required Hunter Biden to appear for a deposition on Dec. 13, but added that he should also have a chance to testify publicly at another time. "Hunter Biden is trying to play by his own rules instead of following the rules required of everyone else. Special Counsel David Weiss brought those charges against Hunter Biden after an earlier proposed plea deal unraveled under questioning from a judge.

Persons: Joe Biden's, Hunter Biden, Evelyn Hockstein, Hunter, Biden, Barack Obama's, Hunter Biden's, Abbe Lowell, James Comer, Comer, Donald Trump, David Weiss, Weiss, Makini Brice, Susan Heavey, Scott Malone, Nick Zieminski Organizations: REUTERS, Rights, Republican, Democratic, Representatives, Biden, Republicans, White, House Republicans, Office, Senate, Trump, Justice, Thomson Locations: Wilmington , Delaware, U.S

☆ US funding for Ukraine arms has poured into Pennsylvania, Arizona and Texas
▼ + stars: | 2023-11-28 | by ( Mike Stone | ) www.reuters.com time to read: +4 min

In Texas, 18 of the 25 Republican U.S. representatives have voted against Ukraine aid. In Arizona, three of six Republican representatives voted against aid while $2.196 billion poured into the state. The conservative Defending Democracy Together group's "Republicans for Ukraine" campaign has been tracking Republican rhetoric and voting patterns on Ukraine aid legislation. It gave "poor" or "very poor" grades to two of Wisconsin's six Republican representatives, to one of Arkansas' four Republican representatives and to three of Pennsylvania's eight Republican representatives. Yet Johnson voted against Ukraine aid repeatedly before he became speaker last month.

Persons: Joe Biden, Evelyn Hockstein, Biden, Volodymyr Zelenskiy's, Mike Johnson, Johnson, Mike Stone, Chris Sanders, Matthew Lewis Organizations: White, REUTERS, Rights, Capitol Hill, Kyiv, Keystone State, Reuters, Republican U.S, Patriot, Raytheon, Texas ., Capitol, Republicans, Democrats, Ukraine, Companies, Biden, group's, Thomson Locations: Ukraine, Washington , U.S, Pennsylvania, In Texas, Texas, Arizona, Israel, U.S, Ohio, Texas . Pennsylvania, Congress, Arizona , Pennsylvania, Arkansas, Wisconsin, Washington

ATLANTA, Nov 28 (Reuters) - Jimmy Carter, the 99-year-old former U.S. president who entered hospice care in February, made a rare public appearance on Tuesday, looking frail as he attended a memorial service in Atlanta for his wife, Rosalynn Carter, who died on Nov. 19. Jimmy Carter did not address mourners during the service. His son James Earl "Chip" Carter III kissed him on the forehead after delivering a tribute to Rosalynn Carter, calling her "the glue" that held the family together. [1/5]Former U.S. President Jimmy Carter attends a tribute service for his wife former first lady Rosalynn Carter, at Glenn Memorial Church in Atlanta, Georgia, U.S., November 28, 2023. During the memorial, their daughter, Amy Carter, read from a letter Jimmy Carter sent to Rosalynn while he was serving in the Navy.

Persons: Jimmy Carter, Rosalynn Carter, James Earl, Chip, Carter, Evelyn Hockstein, Amy Carter, Rosalynn, Jason Carter, Jeff Mason, Rich McKay, Jonathan Allen, Will Dunham Organizations: ATLANTA, Glenn Memorial United Methodist Church, White, U.S, Glenn Memorial Church, REUTERS, Navy, Humanity, Habitat, New York Times, Thomson Locations: Atlanta, Plains , Georgia, Atlanta , Georgia, U.S, New York

☆ Israel seeks recognition of Hamas sexual violence at UN meeting
▼ + stars: | 2023-11-28 | by ( Emma Farge | ) www.reuters.com time to read: +4 min

Israeli authorities have opened an investigation into sexual violence during the most deadly attack on Israel in its history, including rape, after evidence emerged pointing to sexual crimes, such as victims found disrobed and mutilated. The private event, attended by diplomats, rights groups and U.N. agencies, is the first Israel-organised event outside the country to address acts of sexual violence by Hamas, which Israel's diplomatic mission described as "widespread". U.N. rights bodies "downplayed" and "minimised" the sexual violence, said Ruth Halperin-Kaddari, an Associate Professor at the Bar-Ilan University, who spoke at the event. "The Office is attempting to carry out remote monitoring of these and other human rights violations reported in Israel and the OPT (Occupied Palestinian Territories). Lack of direct access to Israel and the OPT has hampered the work," said Ravina Shamdasani in response to emailed questions.

Persons: Evelyn Hockstein, Ruth Halperin, Kaddari, " Halperin, Volker Turk, Ravina, Halperin, Emma Farge, Maayan Lubell, Ari Rabinovitch, William Maclean Organizations: REUTERS, Rights, Ilan University, Reuters, Women, Human, Human Rights, Thomson Locations: Gaza, Kibbutz Kfar Aza, Israel, Geneva, Palestinian Territories, Jerusalem

☆ Where China’s consumers are spending. Jefferies' top sector picks for 2024
▼ + stars: | 2023-11-26 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +4 min

Analysts generally say that for consumers in China today, daily essentials, rather than discretionary goods, are in. Top picks Both are on Jefferies' top picks list for the China consumer in 2024. In addition to being a staple at business dinners in China, Moutai has tried to branch out with co-branding in chocolate, ice cream and coffee. But the company said it expected the Chinese market to "to return to mid single-digit growth" in coming periods. The firm analyzed 80 publicly-listed consumer companies with a majority of revenue from mainland China.

Persons: China haven't, Jefferies, they'd, Alibaba, Moutai, Gamble, It's, North America —, Andy, McKinsey's Daniel Zipser, — CNBC's Michael Bloom Organizations: OC, C, Nestle, PepsiCo, Procter, Foods, China, Pacific Sun Advisors, McKinsey Locations: China, Shanghai, Hong Kong, U.S, Wednesday's, Shenzhen, Friday's, China —, North America, Asia

☆ Budget demands highlight tensions in Israel's wartime coalition
▼ + stars: | 2023-11-26 | by ( ) www.reuters.com time to read: +2 min

Israeli Emergency cabinet minister and opposition politician Benny Gantz leaves after he addressed the press in Kiryat Shmona, Israel November 14, 2023. Gantz, in a strongly-worded letter to Netanyahu that his office made public, referred to a meeting of the broader cabinet scheduled for Monday that will deal with the proposed budget changes. Gantz repeated his opposition to the inclusion of "coalition funds" in the proposed budget and said there should be no extra money for purposes beyond the war effort or supporting economic growth. Should the meeting take place and the budget remain as is, Gantz said his faction would "vote against the proposed budget and weigh its next steps". Most of the coalition funds had been cut, and those that remained were apolitical, it said.

Persons: Benny Gantz, Evelyn Hockstein, Benjamin Netanyahu, Gantz, Netanyahu, Netanyahu's, Bezalel Smotrich, Smotrich, Bezalel, Ari Rabinovitch, Giles Elgood Organizations: REUTERS, Rights, Finance, The Bank of Israel, Thomson Locations: Kiryat Shmona, Israel, Gaza

☆ Chinese electric car giant BYD launches its popular Han sedan in the Middle East
▼ + stars: | 2023-11-24 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +1 min

BYD's Han electric car, pictured here at the 2021 Shanghai auto show, is one of the most popular new energy vehicles in China. BEIJING — Chinese electric car company BYD said Friday that it launched its flagship Han sedan in the United Arab Emirates this week. In June, Chinese electric car startup Nio announced it received $738.5 million from a fund owned by the Abu Dhabi government. BYD said it opened a showroom in Dubai Festival City as part of a collaboration with Al-Futtaim Electric Mobility Company. In March, a press release said Al-Futtaim would represent BYD in the UAE, the first country in the Middle East to have BYD cars on the road.

Persons: BYD Organizations: United, Dubai Festival City, Al, Futtaim Electric Mobility Company Locations: Shanghai, China, BEIJING, United Arab Emirates, UAE, Europe, Saudi Arabia, Abu Dhabi, Dubai

☆ Biden and Xi's meeting sent an important signal for U.S. business in China
▼ + stars: | 2023-11-22 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +7 min

U.S. President Joe Biden and Chinese President Xi Jinping at Filoli estate on the sidelines of the Asia-Pacific Economic Cooperation summit in Woodside, California, on Nov. 15, 2023. Kevin Lamarque | ReutersBEIJING — U.S. President Joe Biden's meeting with Chinese President Xi Jinping last week has set a bottom line in the relationship which reduces uncertainty for businesses, analysts said. In conversations with Xi, Biden did not budge on export controls, enacted out of national security concerns. Wedding versus marriageAfter meeting Biden, Xi spoke at a dinner with top U.S. business executives in which he said the fundamental question was whether the two countries are "adversaries or partners." No 'splashy deliverables'Long-standing issues for U.S. business operations in China remain, and deals aren't made overnight.

Persons: Joe Biden, Xi Jinping, Kevin Lamarque, Joe Biden's, Biden, Xi, Wang Dong, Jake Colvin, Gabriel Wildau, interlocutors, Ian Bremmer, Gary Dvorchak, it's, Jin Canrong, Jin, aren't Organizations: Economic Cooperation, Reuters, Reuters BEIJING —, Institute for Global Cooperation, Peking University, D.C, Foreign Trade Council, Summit, U.S, Biden, Eurasia Group, Mastercard, Monday, People's Bank of, Blueshirt Group, School of International Studies, Renmin University of China, Center for American Studies, Max, Boeing Locations: Filoli, Asia, Woodside , California, Reuters BEIJING, Reuters BEIJING — U.S, San Francisco, U.S, China, United States, Washington, Beijing, People's Bank of China, Taiwan

REUTERS/Evelyn Hockstein/File Photo Acquire Licensing RightsWASHINGTON/NEW DELHI, Nov 22 (Reuters) - The United States is treating a reported plot to kill a Sikh separatist on American soil with utmost seriousness and has raised the issue with the Indian government "at the senior-most levels," the White House said on Wednesday. The Financial Times reported, citing unnamed sources, that U.S. authorities thwarted a plot to kill a Sikh separatist in the United States and issued a warning to India over concerns the government in New Delhi was involved. It stated he threatened in video messages to not let Air India operate anywhere in the world. The case comes against the historical backdrop of a bombing in 1985 of an Air India aircraft flying from Canada to India that killed 329, and for which Sikh militants were blamed. Pannun told Reuters on Tuesday that his message was to "boycott Air India not bomb."

Persons: Joe Biden, Narendra Modi, Evelyn Hockstein, Gurpatwant Singh Pannun, Hardeep Singh Nijjar, Pannun, Adrienne Watson, Biden, Arindam Bagchi, Bagchi, Hardeep Singh, Shivam Patel, Krishn Kaushik, Jeff Mason, David Brunnstrom, Andrew Goudsward, Andrew Heavens, Alex Richardson, Alistair Bell Organizations: India's, White, REUTERS, WASHINGTON, Financial Times, Air India, Indian, Washington, FBI, U.S . Justice, India's National Investigation Agency, Sikh, Reuters, Air, Justice, Thomson Locations: Washington , U.S, DELHI, United States, India, New Delhi, Canada, Vancouver, U.S, New York, Air India

☆ U.S. thwarts plot to kill Sikh separatist, issues warning to India - FT
▼ + stars: | 2023-11-22 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Evelyn Hockstein/File Photo Acquire Licensing RightsNEW DELHI, Nov 22 (Reuters) - U.S. authorities thwarted a plot to kill a Sikh separatist in the United States and issued a warning to India over concerns the government in New Delhi was involved, the Financial Times reported on Wednesday, citing unnamed sources. The Financial Times said that the sources did not say if the protest to India resulted in the plot being abandoned by the plotters, or if it was foiled by the Federal Bureau of Investigation (FBI). Apart from the diplomatic warning to India, U.S. federal prosecutors have also filed a sealed indictment against at least one suspect in a New York district court, the FT report said. Pannun, like Nijjar, is a proponent of a decades-long, but now a fringe demand to carve out an independent Sikh homeland from India named Khalistan. The Financial Times report mentioned that the U.S. shared details of the thwarted plot with a wider group of allies after Canada's public accusation.

Persons: Joe Biden, Narendra Modi, Evelyn Hockstein, Hardeep Singh Nijjar, Gurpatwant Singh Pannun, Pannun, Shivam Patel, Krishn Kaushik, Andrew Heavens, Alex Richardson Organizations: India's, White, REUTERS, Financial Times, U.S, Federal Bureau of Investigation, Indian, Khalistan, Reuters, Thomson Locations: Washington , U.S, DELHI, United States, India, New Delhi, Canada, Vancouver suburb, U.S, New York, Canadian

☆ Chinese tech giant Baidu's shares rise 2% after revenue beat
▼ + stars: | 2023-11-21 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +1 min

BEIJING — Chinese tech giant Baidu reported Tuesday third-quarter revenue that beat expectations, although growth was slower than during the previous three months. Revenue grew by 6% year-on-year to 34.45 billion yuan ($4.72 billion) in the quarter that ended Sept. 30. Online marketing revenue at the search engine provider was up by 5% from a year ago, while non-online marketing revenue was 6% higher over the same period. It comes after revenue in the previous quarter surged 15% from a year ago, with online and non-online marketing revenue growing by double digits. "Baidu reported solid third-quarter financial results, demonstrating resilience in a challenging economic climate," Robin Li, Baidu CEO and co-founder of Baidu, said in a release.

Persons: Robin Li Organizations: Baidu, Revenue Locations: Beijing, China, BEIJING, U.S

☆ China's property sector needs more government support as crisis deepens
▼ + stars: | 2023-11-21 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +3 min

Qilai Shen | Bloomberg | Getty ImagesBEIJING — China's property market, which makes up a substantial chunk of the country's economy, needs more government support to prevent it from deteriorating further, analysts said. UBS analysts estimated that real estate and related sectors now account for about 22% of China's gross domestic product, down from around 25% levels seen in recent years. However, real estate behemoth Country Garden still ended up defaulting on a U.S. dollar bond last month, according to Bloomberg News. "China's property sector has yet to bottom out," the report said. "Markets appear to have been a bit too optimistic about the property stimulus policies over the past two months."

Persons: Qilai Shen, Larry Hu, Nomura Organizations: Bloomberg, Getty, BEIJING, Macquarie, UBS, U.S, Bloomberg News, Developers Locations: Nanchuan, Xining, Qinghai province, China, Beijing

REUTERS/Evelyn Hockstein/Illustration Acquire Licensing RightsWASHINGTON, Nov 20 (Reuters) - The U.S. government on Monday will start taking orders for another round of free COVID-19 tests for delivery across the country, a Department of Health and Human Services (HHS) spokesperson said. Households that had ordered four free tests through COVIDTests.gov when they were offered again in September are eligible to order four more, while those that did not can submit two orders for a total of eight free tests. It resumed offering the tests in December 2022 as cases were surging, and opened another round of orders on Sept. 25 this year. The tests are paid for using COVID-19 supplemental funding from the American Rescue Plan, the HHS spokesperson said. HHS and the Department of Education plan to expand a program that brings tests to schools nationwide over the coming weeks.

Persons: Evelyn Hockstein, Joe Biden's, Biden, Ahmed Aboulenein, Bill Berkrot Organizations: District of Columbia, REUTERS, Rights, U.S, of Health, Human Services, Centers for Disease Control, Prevention, American, HHS, Department of, Thomson

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