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Persons: You've, you'll, APRs, Cash, you've, Hilton, You'll, it's, Chase, Read, Cardholders, cardholders, EIN Organizations: Business Insider, U.S . Bank Business, Cash, Mastercard, Bank of America, Express, American Express, Chase, Ink, FDIC, . Bank Business, Rewards, EV, U.S, Bank, U.S . Bank, of America, Business, Capital, Best, Bank Business, . Bank, American, Air Canada Aeroplan, British Airways Executive Club, Marriott Bonvoy, Global, Amex, Card, Sapphire, Elite Mastercard, Merrill, Travel, Bank of America Travel Center, Credit Locations: U.S, Chevron
Maskot | Maskot | Getty ImagesBuying a new electric vehicle isn't the only way consumers can access a $7,500 federal EV tax credit. Perhaps the best known of them — the "new clean vehicle" tax credit — is a $7,500 tax break for consumers who buy a new EV. But many auto dealers are also passing along a $7,500 tax break to lessees, via a different (and, experts say, lesser-known) mechanism called the "qualified commercial clean vehicles" tax credit. This EV tax credit "leasing loophole" has likely been a key driver of increased leasing uptake in 2024, Barclays auto analysts said in an equity research note published in June. The $7,500 tax credit enables dealers to charge low monthly payments for leases, thereby helping "stoke demand" for EVs, Barclays wrote.
Persons: Joe Biden, , Dealers aren't, Ingrid Malmgren, Hyundai Kia, Brian Moody, Autotrader, Moody, Malmgren Organizations: Maskot, Barclays, U.S . Treasury Department, Plug, stoke, EVs, Foreign, Toyota, Hyundai, EV, Consumers Locations: U.S, Asian, North America
The Q3 2024 bonus categories are gas and EV charging, movies, and ticketed live entertainment events such as concerts and shows. That's why you can think of the Chase Freedom Flex® and Chase Freedom® bonus categories as earning you either 5% back or 5x points. Q3 2024: Chase Freedom Flex® and legacy Chase Freedom® cardholders can activate bonus categories online or through their Chase account until September 14, 2024. Points earned on the Chase Freedom Flex® and the Chase Freedom® can be transferred to certain travel credit cards for significantly higher value. In Q3 2024, the bonus categories are gas and EV charging, movies, and live entertainment.
Persons: cardholders, Chase, takeout, you’ve, Cash, you've Organizations: Business, Citi, Citi Strata Premier, Card, Citi Prestige, EV, Walmart, Freedom, Chase, Chase Travel, PayPal, Foods, Gas, Amazon, Target, Wholesale, eBay, Cable, Department, Chase Travel ℠, Sapphire, United, Hyatt, Marriott, Discover, Restaurants, Citi Prestige ®, JetBlue, Singapore Airlines, Chase Credit, FDIC Locations: United Airlines, drugstores, Chevron
Fact check: Biden’s NATO press conference
  + stars: | 2024-07-11 | by ( Daniel Dale | ) edition.cnn.com   time to read: +5 min
Biden said at the press conference: “I said, ‘No, I’m sorry, Zelensky.’ And then I added five other names.”Facts First: Biden’s last claim was false. He stayed at Camp David until the day of the CNN presidential debate against Trump, which was held in Atlanta. Hamas and the West BankTalking about the war between Israel and Hamas, Biden said Thursday, “There is a growing dissatisfaction in, on the West Bank, from the Palestinians, about Hamas. Hamas scored better on all of those questions among the respondents in the West Bank than it did among the respondents in Gaza. But the endorsement actually came long before the debate and the resulting crisis of confidence among some of Biden’s pre-debate backers.
Persons: Joe Biden, Donald Trump, Biden’s, Biden’s Putin, Biden, Volodymyr Zelensky, Putin ”, , , Putin, Zelensky, , I’m, David, Trump, policy’s, Fatah, Shawn Fain Organizations: Washington CNN, NATO, Democratic, , CNN, White House, Trump, NATO Biden, West Bank, Hamas, Palestinian Center, Policy, Survey Research, West, United Auto Workers, Reuters, “ UAW, UAW Locations: Washington, Europe, Los Angeles, Atlanta, Florida, Israel, Gaza, West
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTrump 2.0 would take similar approach to Asia allies and increase defense spending: Former advisorMatt Pottinger, distinguished visiting fellow at the Hoover Institution and deputy national security advisor under the Trump administration, discusses what U.S. foreign policy toward the Asia-Pacific might be like under a second Donald Trump presidency.
Persons: Matt Pottinger, Trump, Donald Trump Organizations: Trump, Hoover Institution Locations: Asia
Sri Lanka's President Ranil Wickremesinghe announced a debt restructuring deal with countries including India, France, Japan and China in a televised address to the nation Wednesday. Sri Lanka President Media Division / Handout | Anadolu Agency | Getty ImagesSri Lanka's President Ranil Wickremesinghe announced a debt restructuring deal with countries including India, France, Japan and China in a televised address to the nation Wednesday. Furthermore, Sri Lanka will be able to repay all the loans on concessional terms, with an extended period until 2043. By 2022, Sri Lanka had to repay about $6 billion in foreign debt every year, amounting to about 9.2% of gross domestic product. The agreement would enable Sri Lanka to maintain debt payments at less than 4.5% of GDP between 2027 and 2032.
Persons: Ranil Wickremesinghe, Sri Lanka, Wickremesinghe Organizations: Sri, Sri Lanka President Media, Anadolu Agency, Getty, International Monetary Fund, China's Exim Bank Locations: India, France, Japan, China, Sri Lanka, Paris, Beijing, Sri Lankans
They were descendants of Koreans who ​moved to Northeast China​, fleeing Japan’s brutal colonial rule ​in the early 20th century. In a twist of history,​ many like them have come to South Korea in recent decades,​ looking for better-paying jobs in their forebears’ homeland, ​now one of the world’s richest countries. The disaster drew new attention to the stark ​realities faced here by migrant workers, from China and from elsewhere. South Korea, with its shrinking population, has been rapidly increasing the number of workers it accepts from abroad to ​toil at the lowest rung of ​its labor market. Foreign workers are nearly three times as likely as the average South Korean to die in a work-related accident, according to a recent study.
Persons: Locations: China, South Korea, Hwaseong, Seoul, Koreans
Skyline, Ho Chi Minh City, Vietnam John Harper | Photodisc | Getty ImagesSoutheast Asia has emerged as a top choice for firms looking to diversify production away from China, including Chinese companies, amid escalating tensions between Washington and Beijing. "Southeast Asia is well-placed to benefit significantly from the China+1 phenomenon as both foreign and Chinese companies diversify their supply chains and operations," said Kuo-Yi Lim, co-founder and managing partner of Southeast Asian venture capital firm Monk's Hill Ventures. "The ASEAN-6 region has benefited from a diversification of global and regional supply chain as well as the adoption of 'China+1' strategies. MalaysiaMalaysia has seen semiconductor firms including Intel, GlobalFoundries and Infineon setting up or expanding operations in the country over the last few years amid U.S.-China tensions. Chinese electric vehicle maker BYD plans to start commercial production of EVs in Indonesia in 2026, according to local reports.
Persons: Vietnam John Harper, Kuo, Yi Lim, Lim, Yinglan Tan, Kai Wei Ang, CNBC's, It's, Ang, Anders C, Johansson, , Sokon – Organizations: Photodisc, Getty, Monk's Hill Ventures, ASEAN, Hong Kong SAR, Apple, Ventures Partners, Samsung, BofA Securities, Intel, GlobalFoundries, Infineon, U.S, Monk's Hill Ventures . Industry, Malaysia that's, Stockholm China Economic Research, Stockholm School of Economics, Chery, Singapore Locations: Chi Minh City, Vietnam, Asia, China, Washington, Beijing, Monk's, Indonesia, Malaysia, Philippines, Thailand, Singapore, U.S, Japan, European Union, China & Hong Kong, Hong Kong, Vietnam Vietnam, ASEAN, Malaysia Malaysia, Stockholm China, EVs
Finally, a Euros for a Whole Continent
  + stars: | 2024-06-21 | by ( Rory Smith | ) www.nytimes.com   time to read: +1 min
Edi Rama’s best friend during the World Cup summer of 1982 just so happened to be the one person he knew who owned a color television. So every evening, Rama would find himself crammed into his kitchen with countless others, desperately hoping that the fuzzy, flickering signal would hold. Even communication with the outside world, particularly the West, was limited. Rama and his friends could only follow that World Cup through what he has subsequently called a “dark network” operated by RAI, the Italian state broadcaster. The commentators’ words, he said, “had the indescribable effect on us of not feeling alone in that black hole.”
Persons: Rama, Enver Hoxha, Italy’s Tuttosport, Dino Zoff, ” Rama, Organizations: RAI Locations: Albania, Italian, Italy, Madrid, Tirana
The big storyEmerging markets have been on tenterhooks for the better part of this year as the Federal Reserve has been dangling the prospect of an interest rate cut. Historically, as U.S. interest rates fall, the allure of the mighty dollar fades to the benefit of other currencies. Indeed, unlike most developed economies, India's interest rate regime in 2024 isn't any different from that of 2018. There lies the disconnect between the economy, the stock market, and a single stock. Non-bank lender Akme Fintrade India and engineering firm DEE Development Engineers will debut on the stock market on Wednesday.
Persons: Sumant Sinha, we've, Sinha, It's, Fitch, Rahul Jain, Goldman Sachs, Jake Sullivan, Modi, Narendra Modi, CNBC's Charmaine Jacob, Raamdeo Agrawal, CNBC's Tanvir Gill, Jain Organizations: Bloomberg, Getty, Federal Reserve, India Inc, Nasdaq, Reserve Bank of, U.S, Societe Generale, Goldman, Clean Energy, CNBC, Motilal Oswal Financial Services, of India, Bangladesh, Australia, DEE Development Engineers Locations: Tuticorin, India, Reserve Bank of India, Japan, Britain, Delhi
India has undergone a massive infrastructure push and has made significant strides in connecting and modernizing its highways, railways and airports. He's going to double down on that," said Samir Kapadia, CEO of India Index and managing principal at Vogel Group. "Along with creating physical infrastructure, India needs to remain steadfast on the structural reforms ... Increase foreign investmentsFrom veteran emerging markets investor Mark Mobius to global strategist David Roche, market experts remain bullish on India. Foreign direct investments into the country needs to however pick up pace to further drive economic growth and development, analysts told CNBC.
Persons: Vikram Singh, Narendra Modi, Modi, Reema Bhattacharya, Verisk, Modi's, he's, Samir Kapadia, Nirmala Sitharaman, Santanu Sengupta, Goldman Sachs, Sengupta, Richard Rossow, Kapadia, Sumedha Gupta, Vivek Prasad, Prasad, Mark Mobius, David Roche Organizations: Bharatiya Janata Party, BJP, Infrastructure, India Index, Vogel Group, Nurphoto, CNBC, Center for Strategic, International Studies, Padget Electronics, Dixon Technologies, Bloomberg, Getty, Research, India Electronics, Semiconductor Association, Economist Intelligence Unit, Centre, Monitoring, National Stock Exchange of, World Federation of Exchanges Locations: India, Asia, China, Mumbai, Noida, PwC India, National Stock Exchange of India
Balloons possibly sent from North Korea seen off the coast of Incheon, South Korea on June 9, 2024. Yonhap News Agency/ReutersThe broadcasts inform North Korean soldiers and residents of the “reality of North Korea,” and the development of South Korea, and Korean culture, according to the JCS. As of Monday morning, the South Korean military has found “around 50 balloons” that fell into its territory overnight Sunday. Many of the other balloons are believed to have flown back into North Korea due to the wind, the JCS spokesman added. But the situation in North Korea deteriorated in the following years and diplomatic talks fell apart – prompting strict rules to snap back into place in the North.
Persons: Kim Jong, Kim Yo Jong, Kim, , ” Kim, Kim Jong Un Organizations: CNN, North, Korea’s, Chiefs of Staff, Yonhap News Agency, Reuters, South, South Korean Locations: Korea, Seoul, South Korea, North Korean, Korean, North Korea, , Incheon, South Korean, China
Hong Kong CNN —Tesla is one step closer to launching full-self driving (FSD) technology in China after it clinched an agreement with Baidu to upgrade its mapping software. The Chinese tech giant said Saturday that it was providing lane-level navigation services for Tesla cars. China’s answer to Google has been been providing mapping services to Tesla since 2020. It could also accelerate Tesla’s global development of its self-driving technology, as data from China could be used to train Tesla’s algorithms needed for fully autonomous vehicles. “Tesla’s (own) navigation system can finally be used.​​​”Introducing the FSD system could provide a revenue boost to Tesla, which is having a tough time in China.
Persons: Hong Kong CNN — Tesla, Elon Musk’s, ” Baidu, Tesla, , Elon Musk, ” Tesla, Organizations: Hong Kong CNN, Baidu, , Google, ” CNN, CNN, Weibo, Tesla Locations: China, Hong Kong
Nearly 78% of foreign-born men were in the labor force, compared to about 66% of native-born men. Foreign-born men had weekly earnings of $1,051, compared to $1,238 for native-born men, while foreign-born women had weekly earnings of $899, compared to $1,025 for their native-born counterparts. The foreign born were more likely to work in service, construction and maintenance jobs, among other occupations, which often pay less. Some 3.6% of the foreign born were unemployed last year – the same share as the native born. Just over 15% of foreign-born workers were White, and nearly 11% were Black.
Persons: Mario Tama Organizations: Getty, Foreign, of Labor Statistics, Labor Force, - Locations: American, Los Angeles , California, America
The fury of European farmers is more than just a major issue in elections across the continent this week — it’s also one of the primary subjects of disinformation timed to the vote. In Italy, inaccurate claims circulated on social media that the European Union was banning animal breeding; a rumor making the rounds in Spain claimed that the government was causing droughts by demolishing dams. Those claims are part of an abundance of deceptive content aimed at voters electing a new European Parliament, spread by far-right politicians, information operatives based outside Europe and others, according to disinformation researchers. It is coming in the form of recycled videos and photos presented as current, misinterpretations of policy proposals and inflammatory political ads, addressing topics like agriculture, climate change and migration. Foreign propaganda, even content explicitly prohibited by the European Union, continues to seep into the information ecosystem.
Persons: it’s Organizations: European, European Union Locations: Italy, European Union, Spain, Europe
Russian President Vladimir Putin lambasted the U.S. judicial system, saying it was being used by former U.S. leader Donald Trump's political enemies to pursue the Republican presidential nominee. "They [the U.S.] are burning themselves from the inside, their state, their political system," Putin told media editors at the St Petersburg International Economic Forum on Wednesday. Trump denied all the charges and slammed the court proceedings as a "rigged, disgraceful trial." Back in February, Putin said he preferred Biden to be the next U.S. president, describing him as a more experienced and more predictable" politician. On Wednesday, he told journalists that Biden was "an old-school politician" while playing down his support for Trump's campaign.
Persons: Vladimir Putin, Donald Trump's, Putin, Trump, Joe Biden, Biden, Mr Trump Organizations: U.S, Republican, St Petersburg, Economic, Reuters, CNBC, U.S . Department of Justice, New Locations: U.S, New York, Moscow, Russia
Soldiers inspect debris from a balloon sent by North Korea that landed in Incheon, South Korea on June 2, 2024. She compared North Korea’s actions to South Korea’s years-long practice of sending balloons with anti-North Korea leaflets the other way. North Korea is almost completely closed off from the rest of the world, with tight control over what information gets in or out. Earlier this year a South Korean research group released rare footage that it claimed showed North Korean teenagers sentenced to hard labor for watching and distributing K-dramas. But the situation in North Korea deteriorated in the following years and diplomatic talks fell apart – prompting strict rules to snap back into place.
Persons: Kim Jong Un’s, Kim Yo Jong –, , Organizations: CNN, Korea’s, Chiefs, Staff, United Nations Command, Korean Central News Agency, North Locations: Korea, Seoul, South Korea, Gyeonggi, Chungcheong, Gyeongsang, North Korea, Incheon, Korean, China
Mark Mobius, Chairman Mobius Emerging Opportunities Fund speaking on CNBC's The Exchange on March 27th, 2024. Adam Jeffery | CNBCVeteran emerging markets investor Mark Mobius said India's election outcome will not change his bullish views on the country. India's election results will be out on Tuesday next week. watch now"The big question mark is whether [Modi] can get a number of seats to change the constitution," Mobius told CNBC's "Street Signs Asia" on Thursday. But India's economic fundamentals remain "very strong and solid."
Persons: Mark Mobius, Adam Jeffery, Narendra Modi, Modi, Mobius, CNBC's, Gautam Chhaochharia, Chhaochharia Organizations: CNBC Veteran, Bharatiya Janata Party, BJP, UBS Locations: India
Seoul, South Korea CNN —North Korea has adopted a new strategy to contend with its southern neighbor: sending floating bags of trash containing “filth” across the border, carried by massive balloons. South Korean authorities said the balloons, which landed in several locations, were filled with "filth and garbage." “All responsibility arising from the North Korean balloons lies entirely with North Korea, and we sternly warn North Korea to immediately stop its inhumane and low-level actions.”Local governments also sent messages to residents in the northern Gyeonggi and Gangwon provinces to warn of the “unidentified objects,” and advised against outdoor activities. Earlier this year a South Korean research group has released rare footage that it claimed showed North Korean teenagers sentenced to hard labor for watching and distributing K-dramas. But the situation in North Korea deteriorated in the following years and diplomatic talks fell apart – prompting strict rules to snap back into place in the North.
Persons: , Kim Kang Il, KCNA, Staff “, ” Kim, Kim Jong Un, Kim Jong Organizations: South Korea CNN, South Korean, country’s, Chiefs of Staff, United Nations Command, Korea’s, Chiefs, Staff, North Korea’s, National Defense, South, South Korea’s, Reuters, North, Fighters Locations: Seoul, South Korea, Korea, North Korea, Gyeonggi, Gangwon, Korean, South, China
Japanese stocks are enjoying a banner year, with foreign investors plowing into the market. Japanese investors are hesitant Japanese investors have long been skeptical of the local stock market after the asset price bubble burst in the early 1990s. Another reason Japanese investors may not be as keen on their domestic market could be the yen falling sharply. Outlook for Japanese stocks still strong Despite the recent bout of selling from local investors and the market's recent struggles, many global investors remain bullish on Japanese stocks. This is another "slow-moving but important tailwind to Japanese stocks," with more room to run, according to Zachary Hill, Horizon Investments head of portfolio management.
Persons: Goldman Sachs, Morgan Stanley, Kishida, Julian McManus, Janus Henderson, Bernstein, Zachary Hill, Raymond Chan, Chan, McManus, he's, Warren Buffett Organizations: Japan Exchange Group, Nikkei, Bank of Japan, U.S ., Ministry of Internal Affairs and Communications, Investment, Association, Prime, Nippon, Savings, U.S, Horizon Investments, Federal Reserve, Asia Pacific, Allianz Global Investors, Mitsui, Itochu, Sumitomo Locations: U.S, Japan, Asia
But before they pack their bags, they may want to read Japan's "Life and Work Guidebook," which is aimed at helping foreigners fit in. But the chapter on "Daily Rules and Customs" is where foreigners will find specific guidance on "life rules" that illustrate Japan's emphasis on collectivism and respect. Not only party and music levels should be kept to a minimum, but also "voices" and "TV" levels, the guidebook states. A Japanese guidebook for foreigners advises against making noise by using washing machines early in the morning or late at night. "Be sure that your music is not too loud and cannot be overheard outside of the earphones," the guidebook states.
Persons: they're, Recep Organizations: Japan's Immigration Services Agency, Ministry of Foreign Affairs, Cyclists, Getty, Foreigners Locations: Japan, Tokyo, Daj
The couple has set up a flourishing business buying properties, restyling and reselling them, ready-to-occupy, helping foreign buyers every step of the way. They hunt for old houses in historical villages in need of a makeover, which once renovated make the perfect summer getaway. The BEFORE picture: The couple find old houses in need of a makeover. The old properties the pair handles are located in small towns where centuries-old traditions survive. I really like old houses and the idea of giving them a second chance: especially when they are abandoned buildings rich with history.
Persons: you’ve, That’s, Bruno Mongiardo, Ginevra dell’Orso, ” Dell’Orso, Dell’Orso, , , , they’re, Mongiardo, ” Mongiardo, dello Organizations: CNN, Graecia, Bruno Mongiardo Southern, Locals, Foreigners Locations: Italy’s, Calabria, characterful, Isca, Italy’s Calabria, Venice, Milan, Badolato, Calabrian, Sostene, Santa
If approved by a panel of judges, the arrest warrants would be issued for Israeli Prime Minister Benjamin Netanyahu and Defense Minister Yoav Gallant. The decision to seek arrest warrants doesn’t immediately mean the individual is guilty, but is the first stage in a process that could lead to a lengthy trial. The ICC has so far issued arrest warrants against 42 people, 21 of whom have been detained with the help of member states. Signatory states are obliged to apprehend those facing arrest warrants, but leaders have often sought to evade those warrants, restricting their freedom of movement. Video Ad Feedback ICC chief details charges he is seeking against Hamas and Israeli leaders 02:04 - Source: CNNDoes the ICC have jurisdiction over Israeli nationals?
Persons: Benjamin Netanyahu, Yoav Gallant, Yahya Sinwar, Ismail Haniyah, Mohammed Diab Ibrahim al, Masri, Mohammed Deif, Netanyahu, doesn’t, , Putin, Haniyah, Omar al, Bashir, Saif Gadhafi, Moammar Gadhafi, Vladimir Putin, hasn’t, Karim Khan, , Khan, Shelly Aviv Yeini, ” Yeini, Muhammad Nazzal, Gallant, Israel Katz, Yair Lapid, Israel “, Sinwar, Itamar Ben Gvir, Bezalel Smotrich, Mike Johnson, CNN’s Jeremy Diamond, Benjamin Brown, Melanie Zanona, Aber Salman, Michael Schwartz Organizations: CNN, Criminal Court, Israeli, ICC, The Hague, International Court of Justice, United Nations, UN, Djibouti –, West Bank, Palestinian Authority, Hamas, Reuters, Foreign, National Security, Hague, Defense Ministry, Republican Locations: Israel, Gaza, Chile, South Africa, Qatar, Rome, The, Netherlands, Russian, Bangladesh, Bolivia, Comoros, Djibouti, Palestinian, East Jerusalem, Palestine, The Hague, Israeli
A Plan to Remake the Middle East
  + stars: | 2024-05-08 | by ( Michael Barbaro | Michael Crowley | Nina Feldman | ) www.nytimes.com   time to read: 1 min
If and when Israel and Hamas reach a deal for a cease-fire, the United States will immediately turn to a different set of negotiations over a grand diplomatic bargain that it believes could rebuild Gaza and remake the Middle East. Michael Crowley, who covers the State Department and U.S. foreign policy for The Times, explains why those involved in this plan believe they have so little time left to get it done.
Persons: Michael Crowley Organizations: Hamas, State Department, The Times Locations: Israel, United States, Gaza
Thailand’s prime minister, Srettha Thavisin, said on Wednesday that he wanted cannabis to be re-listed as a narcotic by the end of the year, a reversal two years after the country became one of the first in Asia to decriminalize marijuana. All marijuana sales in Thailand are technically for medical purposes, but lax regulations mean that many businesses openly sell dried marijuana flowers and illegal imports. Thailand decriminalized marijuana in June 2022, giving rise to a domestic industry that has recently been challenged by competition and oversupply. There are thousands of registered dispensaries in the country, and cannabis is prescribed at hundreds of traditional medicine clinics. Foreign investors have also backed the construction of high-tech indoor cannabis farms.
Persons: Thailand’s, Srettha Thavisin, Srettha Organizations: Ministry of Health Locations: Asia, Thailand
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