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Chu pleaded guilty to having seditiously worn a T-shirt with the protest slogan “Liberate Hong Kong, revolution of our times.”The slogan was chanted on the streets during the months of pro-democracy demonstrations that rocked Hong Kong in 2019. Chu told police the “Liberate Hong Kong” slogan called for the return of Hong Kong to British rule and that he wore the shirt to remind people of the protests, the court heard. Chung pleaded guilty on Thursday to three counts of seditious acts for writing slogans advocating Hong Kong independence and “Liberate Hong Kong, revolution of our times” on the back of bus seats in March and April. Beijing imposed a national security law in 2020 to quash the months-long protests in the financial hub. In March 2024, Hong Kong passed a second new security law.
Persons: Victor So, Chu Kai, , , Chu, “ FDNOL, Chung, Sarah Brooks Organizations: Hong Locations: HONG KONG, Hong Kong, Beijing, Western, China
Gold set for weekly gain on Fed rate cut boost
  + stars: | 2024-09-20 | by ( ) www.cnbc.com   time to read: +2 min
Gold lingered near record high levels on Friday and was on track for a weekly gain after the Federal Reserve's recent super-sized interest rate reduction and on signs that further cuts were on the horizon. Spot gold rose 0.2% to $2,592.17 per ounce, as of 0309 GMT, up about 0.6% for the week so far. Bullion rose to a record high of $2,599.92 on Wednesday after the Fed began easing monetary policy with a half-percentage-point rate cut. "Gold prices are expected to be well supported in the coming months due to a weaker U.S. dollar and lower bond yields, as well as against a backdrop of elevated geopolitical tensions," BMI said in a note. Spot silver rose nearly 1% to $31.09 per ounce and palladium gained 0.6% to $1,086.75.
Persons: Gold, Kyle Rodda Organizations: Federal, Fed, Capital.com, BMI Locations: Birmingham, England, Capital.com . Lower U.S, East, Lebanon, Israel, Lebanese, China, Switzerland
Florist Kaiva Kaimins may have been born in Australia, but Dalston is home. Kaimins lives and works in the East London enclave, where she set up her floral studio, My Lady Garden, in 2020. Oeno Maris, a fishmonger with a wine bar in the back that hosts regular sashimi nights. Dan's wine shop, a laid-back bar that specializes in natural wines. Watch the video above for an insider's look at how to enjoy your downtime in Dalston.
Persons: Kaimins, Papo's, Oeno Maris Organizations: CNBC Travel, Broadway Locations: Australia, Dalston, East London, York
Read previewTwenty years ago, inside a humble one-bedroom apartment in San Francisco's South of Market neighborhood, Kamala Harris might've one day dreamed of running for president. Ji has listed the apartment on Airbnb with a minimum of 30-night stays and advertises the "amazing opportunity to live inside the home previously owned by Vice President Kamala Harris." He's even added a commemorative wall with photos from her career, including the day she was sworn in as vice president, according to the listing. Setty served South Indian dishes to guests as they watched Harris debate former President Donald Trump, the Times said. The Times reported that Setty called Harris a "rock star" when talking with other supporters at the debate party.
Persons: , Kamala Harris might've, Harris, Joe Biden, Zhengtao Ji, David, wasn't, Ji, Kamala Harris, hasn't, Lata Setty, Setty, Donald Trump Organizations: Service, Democratic, The New York Times, Business, Times, The Times, Naval Observatory Locations: San Francisco's, Market, California, Brentwood, Los Angeles, Washington, DC
The Northeast is the ancestral home of footwear manufacturing in the US, where New Balance still assembles more than 4 million pairs of sneakers each year. But that could soon change with a plan for a $125 million development campus called Made in Old Town. At the federal level, the US government has offered billions in subsidies to support manufacturing, mostly targeting the auto, semiconductor, and solar industries. With the Made in Old Town project, the aim is to generate about 6,000 full-time jobs in Portland by as soon as 2028. A long way to goThe Made in Old Town project is still in its early stages, having raised $15 million of its $125 million goal.
Persons: Portland's, Hilos, , Keen, Elias Stahl, Portland's Hilos, Stahl, they're, Eric Liedtke, Liedtke, They've, Alo, Armour, Tina Kotek, Noel Kinder, Nike's, Kinder Organizations: Technology Association of Oregon, Chain Management, Service, Nike, Adidas, Bureau of Labor Statistics, Factory, Brands, Columbia, Midwest ., Gov Locations: Old Town, Portland , Oregon, Columbia, Portland's Old, Portland, Vietnam, China, Asia, Old, Germany, North America, Atlanta, Midwest
This report is from this week's CNBC's "Inside India" newsletter which brings you timely, insightful news and market commentary on the emerging powerhouse and the big businesses behind its meteoric rise. Its intent was clear: to develop India's manufacturing capabilities in sectors like automotives, electronics, pharmaceuticals and aerospace while creating opportunities for locals. India's manufacturing sector has seen "remarkable" growth says, Samir Kapadia, founder and CEO of B2B marketplace India Index. "These infrastructural shifts in India have improved connectivity within and outside the country putting India at a very different playing field than it was 10 years ago when 'Make in India' started," Kapadia told CNBC's Inside India. India vs. other emerging marketsWhile India looks to poach China's manufacturing share, other countries like Indonesia, Vietnam, Bangladesh and Mexico are also stiff competitors.
Persons: Wistron, Narendra Modi, Foxconn, Samir Kapadia, Kapadia, CNBC's, U.S . Franklin Templeton's Yi Ping Liao, Liao, Deveshwar Organizations: Tata Group, Indian, Apple, Dixon Technologies, Kia, Divi's, Novartis, GSK, Merck, China, U.S ., TS Lombard, Inside, Mutual Fund Locations: India, China, Silicon Valley, Bengaluru, Kolar, Doddaballapura, Foxconn, Kia India, Anantapur —, Indonesia, Vietnam, Bangladesh, Mexico, Asia, Inside India, Brazil
The boy was attacked by a man about 200 meters (650 feet) from the gates of the Japanese school in Shenzhen, a tech-hub metropolis home to many Japanese businesses, according to China’s foreign ministry. But Japanese nationality is required for enrollment at the Shenzhen Japanese School, according to its website. Following that attack, Japan’s foreign ministry told Japanese schools to review their safety measures, Kamikawa said. At a regular news conference Wednesday, Chinese foreign ministry spokesperson Lin Jian said the case was being investigated. China’s foreign ministry has described both attacks as isolated incidents and did not release further information on the motives.
Persons: Yoko Kamikawa, , Kamikawa, Lin Jian Organizations: Tokyo CNN, Shenzhen Japanese School Locations: Hong Kong, Tokyo, China, Shenzhen, Suzhou, Jilin
YouTube will also integrate generative AI text and image output into an “Inspiration” feature for creators, which is intended to feed them suggestions and examples for video content. Mohan said that 92% of YouTube creators already use AI tools. The new AI video creation tool is called “Veo.” Creators will input text prompts to create AI images, which can then become the basis of the six-second clips. Mohan teased it with an AI-generated video of a dog and a sheep becoming friends. YouTube is the latest platform to announce AI-generated video capabilities, following demos from OpenAI of their text-to-video technology Sora.
Persons: Neal Mohan, Mohan, , Sarah Ali, Sora, Ali, DeepMind, Vivien Lewit, monetize, livestream Organizations: YouTube, NBC News, Microsoft, Meta, Google, Shorts Locations: Google’s Manhattan
Last week, DEEP announced a precursor to the Sentinel, a smaller underwater habitat which the company will use to develop systems for the Sentinel but will also be released as a separate product. An underwater habitat placed on the seabed near the wreck could have served as a base for divers instead, said Wolpert. OAR/National Undersea Research Program (NURP)Aquarius replaced Hydrolab after it was decommissioned. OAR/National Undersea Research Program (NURP)Dennison, of the University of Maryland, said Hydrolab was damp, cramped, lacked indoor plumbing, and had only three beds for four occupants. Wolpert said that DEEP is more than a habitat, it’s also a platform for engaging the next generation.
Persons: Sean Wolpert, Wolpert, , Fairleigh Dickinson University DEEP’s, Bill Dennison, , Dennison, , It's, Hydrolab, “ It’s, ” Wolpert, ” Craig McLean, Jacques Cousteau, , III –, McLean, Ray Dalio, Victor Vescovo, Proteus, Fabien Cousteau, it’s Organizations: CNN, Sentinel, Space, Vanguard, Florida International University, NASA, Space Shuttle, SpaceX, Undersea Research Program, Fairleigh Dickinson University, University of Maryland’s Center, Environmental Science, Virgin Islands, University of Maryland, Oceanic, Atmospheric Administration, NOAA, Florida Keys National, of Naval Research Locations: Bristol, Sicily, Aquarius, Florida, Virgin, American, St . Croix, Miami
Georgia is rich in EV money and jobs
  + stars: | 2024-09-18 | by ( John Towfighi | ) www.businessinsider.com   time to read: +6 min
Since 2022, the Peach State has added over 30,000 clean energy jobs, more than any other state, according to a June study by Climate Power, a strategic communications firm. The Bipartisan Infrastructure Law allocated over $175 million toward the EV battery supply chain in Georgia and $135 million over five years toward infrastructure for EV charging stations in Georgia. Investments in EV and battery manufacturing will boost job growth and output in both of these sectors, Benson said. Strong population growth remains a tailwind for Georgia's economic growth and EV industry, Benson said. Between 2021 and 2022, there were 327,795 people who moved into Georgia, according to data from the Census Bureau.
Persons: , Wells, Jackie Benson, Brian Kemp, It's, Biden, Benson Organizations: Service, Business, Peach State, Climate Power, Investments, Atlanta -, EV, Atlas Public, Environmental Defense Fund, Biden Administration, Law, Infrastructure Law, Hyundai, Kia, The Peach State Locations: Georgia, Wells, Atlanta, Georgia , Alabama, North Carolina, South Carolina, Tennessee, Michigan, West Point , Georgia, Wells Fargo, Florida , Texas , California, California, Texas
Lenovo executive: India is a hub for our global business
  + stars: | 2024-09-18 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLenovo executive: India is a hub for our global businessAmar Babu, President, Asia Pacific at Lenovo talks about its business in India and the company's AI strategy.
Persons: Amar Babu Organizations: Lenovo, India, Asia Pacific Locations: Asia, India
Russian disinformation peddlers are producing videos targeting the Harris-Walz campaign with false and disparaging claims, Microsoft said Tuesday. At least three Russian disinformation actors have been working to denigrate the Harris-Walz campaign, Microsoft said. Some of the disinformation comes in the form of two videos that have been disseminated since late August, Microsoft said. NBC News has viewed an upload of that video posted to X, which Microsoft confirmed is the alleged Russian disinformation. The report comes after the U.S. accused the Kremlin of running a multifaceted disinformation campaign to boost former President Donald Trump and disparage Harris.
Persons: Harris, Walz, Russia’s Ministry of Foreign Affairs didn’t, Darren Linvill, ” Linvill, Kamala Harris, Linvill, , Donald Trump, Joe Biden, Trump, Vladimir Putin Organizations: Microsoft, Justice Department, Russia’s Ministry of Foreign Affairs, NBC News, Media, Clemson, Democratic, Russia’s Internet Research Agency, Tenet Media, National Intelligence, Intelligence, Biden, Ukraine, FBI, The Justice Department, Trump Locations: San Francisco, Russia, Ukraine, Iran, U.S, China
Read previewSorry, Amazon employees. CEO Andy Jassy announced on Monday that starting next year, Amazon employees must be in the office five days a week. Amazon's announcement comes after 15 months of hybrid work — employees had to be in three times a week. Some employers like Amazon are looking to take back powerIn the pandemic era, the labor market favored office workers. Oftentimes, introverted employees work better outside the office, and some people find that the pressure of in-person work can stifle productivity and deep thinking, Duffy said.
Persons: , Andy Jassy, Goldman Sachs, Caitlin Duffy, Duffy, Julia Hobsbawm, Hobsbawm, Amazon's Jassy, Jassy, Nicholas Bloom, who's, Bloom, what's, Deborah McGee, McGee, Gen Z, they're Organizations: Service, Business, Slack, Employees, JPMorgan, Gartner, Stanford, Research, Data Technologies, PZI Locations: America
HONG KONG — A Hong Kong man pleaded guilty Monday to sedition for wearing a T-shirt bearing a protest slogan, in the Chinese territory’s first conviction under new local national security legislation. He was arrested in November while wearing the shirt at the Hong Kong airport. Sedition is generally defined as inciting hatred or contempt against the Chinese central government, the Hong Kong government or the judiciary. Officials said the local legislation was necessary to close “loopholes” in a national security law that Beijing imposed in 2020, which did not cover sedition. Hong Kong and Chinese officials say both laws were necessary to restore stability after the protests, which sometimes turned violent.
Persons: Chu Kai, “ FDNOL, Chu, ” Chu Organizations: Reuters, Hong Locations: HONG KONG, Hong Kong, ” Hong Kong, Beijing, United States, British
SHANGHAI — The normally bustling financial hub of Shanghai was brought to a standstill Monday as residents sheltered at home to wait out the worst of Typhoon Bebinca. The Category 1 storm, which made landfall in Shanghai on Monday morning, is the most powerful tropical cyclone to directly hit the city in more than seven decades. Packing top wind speeds of 94 miles per hour near its eye, Bebinca landed in the city of nearly 25 million around 7:30 a.m. (7:30 p.m. Sunday ET), state media reported, the strongest storm to strike Shanghai since Typhoon Gloria in 1949. Resorts in Shanghai, including Shanghai Disney Resort, Jinjiang Amusement Park and Shanghai Wild Animal Park, have been temporarily closed and many ferries halted. Shanghai is rarely subject to direct hits from strong typhoons that generally make landfall farther south in China.
Persons: Bebinca, Typhoon Gloria, Rain Organizations: SHANGHAI, Shanghai, Typhoon, Resorts, Shanghai Disney Resort, Animal Locations: Shanghai, China . Parks, Jiangsu, China, Hainan
Read previewThe deaths of two seasoned Russian drone operators in Ukraine have stirred a frenzy among pro-Kremlin military bloggers, who say the specialists were sent to fight as regular infantrymen. As for Gritsai, Russian military bloggers who claimed to personally know him reported that he was a career officer. AdvertisementRussian backlash and an official responseThe footage sparked an outcry over the weekend among Russian military bloggers, many of whom independently reported that the two men had been killed in battle. Part of the backlash stems from assessments by on-the-ground pundits that Lysakovsky and Gritsai had been two of the best drone operators at the frontline. Nothing," Lysakovsky wrote in a message dated September 10.
Persons: , Dmitry, Goodwin, Lysakovsky, Sergei, Ernest, Gritsai —, Gritsai, Igor Puzyk, Puzyk, WarTranslated, Dmitri, Alexander Kots, Viktor Goremykin, Valery Gerasimov, Svyatoslav Golikov Organizations: Service, Kremlin, Business, Russian Telegram, 87th Rifle Regiment, Donetsk People's, Kommersant, Russian Defense Ministry Locations: Russian, Ukraine, Pokrovsk, Donetsk, Estonian, Donetsk People's Republic, Moscow
Read previewSome Amazon employees took to an internal Slack channel to blast the company after it announced plans to require corporate employees to work in the office five days a week. One staffer was so upset they issued a plea to Business Insider, which has covered Amazon's RTO crackdown extensively. Other Amazon workers weighed in, too, on a company Slack channel dedicated to RTO-related topics. Amazon's RTO policy was already strict, but Jassy just doubled down hard on the company's in-office approach. "Can I negotiate my manager to PIP me," one employee wrote in reference to Amazon's famously ruthless performance improvement plan.
Persons: , Andy Jassy's, Slack, It's, Jassy, Amazon's, Andy Jassy, Jeff Bezos's, Bezos, Ashley Stewart Organizations: Service, Business, Google, Amazon
North Carolina's Research Triangle is one of the fastest-growing areas in the U.S., with a population that's boomed by 5.6% since 2020 to 2.4 million people, according to Census data. The area, also known simply as "The Triangle," is anchored by Raleigh, Durham and Chapel Hill and their major universities: North Carolina State University, Duke University and the University of North Carolina at Chapel Hill. And in that 50 years, North Carolina has totally restructured its economy," said Michael Walden Reynolds, an economics professor at North Carolina State University. The Triangle region has about 4,000 tech and 600 life science companies, and more than 300 companies are headquartered in RTP alone, according to the Research Triangle Regional Partnership and Work In The Triangle. "Companies are seeing the advantages of doing business here," said Ryan Combs, executive director of the Research Triangle Regional Partnership.
Persons: I've, Michael Walden Reynolds, Apple, it's, Ryan Combs Organizations: Chapel Hill, North Carolina State University, Duke University, University of North, RTP, North, Research Triangle Regional, Meta, Novo Nordisk, Google, Apple, Nordisk, CNBC, Business . Locations: U.S, Raleigh, Durham, University of North Carolina, North Carolina, RTP, States
Why these Gulf states want to be AI superpowers
  + stars: | 2024-09-16 | by ( Nell Lewis | Rym Bendimerad | ) edition.cnn.com   time to read: +5 min
“There’s huge investments going into (AI) in the Middle East,” said Stephen Anderson, Middle East strategy and markets leader at PwC, speaking to CNN at last week’s Global AI Summit (GAIN) in Riyadh, Saudi Arabia. Energy demand from AI, data centers and cryptocurrencies could double by 2026, according to the International Energy Agency. Gulf states are investing heavily in AI as they look to diversify their economies. Last year, the UAE unveiled a tool called Jais and Saudi Arabia has developed the Arabic chatbot ALLaM. Challenge of governanceOne of the major hurdles with the development of AI is public perception and governance: how should AI and data be regulated safely, securely, ethically and fairly?
Persons: , , Stephen Anderson ,, Anderson, We’re, ” Anderson, Nick Studer, Oliver Wyman, Studer Organizations: CNN, United Arab Emirates, PwC, AI, Google, Energy, International Energy Agency, , Saudi, AI Authority, Oliver Wyman Group, International Telecommunication Union Locations: UAE, Stephen Anderson , Middle, Riyadh, Saudi Arabia, Qatar
Pedestrians walk past a downed tree as they struggle with their umbrellas in strong winds and rain from the passage of Typhoon Bebinca in Shanghai on Sept. 16, 2024. The strongest storm to hit Shanghai in over 70 years made landfall on September 16, state media reported, with flights cancelled and highways closed as Typhoon Bebinca lashed the city with strong winds and torrential rains. Typhoon Bebinca made landfall in Shanghai on Monday morning as a Category 1 storm, the most powerful tropical cyclone to directly hit the Chinese financial hub in more than seven decades. Packing top wind speeds of 151 kph (94 mph) near its eye, Bebinca landed in the city of nearly 25 million around 7:30 a.m. (2330 GMT), state media reported, the strongest storm to strike Shanghai since Typhoon Gloria in 1949. Shanghai is rarely subject to direct hits from strong typhoons that generally make landfall further south in China.
Persons: Bebinca, Typhoon Gloria Organizations: Shanghai, Typhoon Locations: Shanghai, China, Hainan
The Joint Typhoon Warning Center (JTWC) said it packed top wind speeds of 130 kilometers per hour (80 mph), the equivalent of a Category 1 Atlantic hurricane. The administration on Monday issued a red typhoon warning, its most severe alert, warning of gale force winds, heavy rainfall and coastal floods in large swathes of eastern China. The typhoon is expected to quickly weaken into a tropical storm as it moves inland toward the west. Bebinca is the second major storm to hit China this month, following deadly Super Typhoon Yagi, the world’s second most powerful tropical cyclone so far this year. Shanghai is generally not in the direct path of strong typhoons, which typically make landfall further south in China.
Persons: Hong Kong CNN —, Bebinca, Yagi Organizations: Hong Kong CNN, Hong Kong CNN — Shanghai, Typhoon Warning, China Meteorological Administration, Shanghai, Shanghai Disney Resort, Disney, CCTV Locations: Hong Kong, China, Shanghai, Zhoushan, Zhejiang, Jiangsu, Bebinca, Hainan, Southeast Asia
It appeared to be another typical ransomware attack that impacted the city of Columbus, Ohio, this past July. Connor Goodwolf (legal name is David Leroy Ross) is an IT consultant who plumbs the dark web as part of his job. So when word got out that the city of Columbus, his hometown, had been breached, Goodwolf did what he does: he poked around online. "Lawsuits against data security researchers are rare," said Raymond Ku, professor of law at Case Western Reserve University. Columbus City Attorney Zach Klein said during a September press conference that the case was "not about freedom of speech or whistleblowing.
Persons: Andy Ginther, Connor Goodwolf, David Leroy Ross, Goodwolf, Goodwolf's, Columbus Mayor Andrew Ginther, government's, Edward Snowden, Raymond Ku, Kyle Hanslovan, Huntress, Snowden, Hanslovan, Zach Klein, Scott Dylan, Dylan Organizations: Social, Columbus Mayor, Google, Rhysida Group, Columbus, Infrastructure Security Agency, CNBC, Case Western Reserve University, United, NexaTech Ventures, Goodwolf, Intel Locations: Columbus , Ohio, Ransomware, Columbus, Eastern Europe, Russia, U.S, United Kingdom, Goodwolf
Why finding a job is so awful right now
  + stars: | 2024-09-15 | by ( Tim Paradis | ) www.businessinsider.com   time to read: +9 min
I'm still unemployed," Jolles told Business Insider. AdvertisementIn any case, Jolles, who describes himself as an "older" tech worker, felt depleted by the job search in California. Averett believed the position wasn't a good fit for her, but she also knew from her experience in HR how tough a job search could be. As someone who works in HR, she gets what it's like to be inundated with applications from job seekers like her. Given how fruitless his job search has been, Cash plans to soon give it up.
Persons: , David Jolles, I'm, Jolles, It's, Nick Bunker, Bunker, Jason Henninger, Heller, bupkis, Jenitta Averett, Averett, she's, — Averett, it's, Kevin Cash, he'd, Cash, Uber, he's, I've, Kevin Cash Ben Boxer Cash's Organizations: Service, Business, UPS, LinkedIn, Navy Locations: Silicon Valley, It's, Atlanta, America, Georgia, California, Covid, Hampton , Virginia, Portland , Oregon
Hong Kong CNN —Shanghai was brought to a standstill on Monday morning by what authorities say was the strongest typhoon to directly hit the Chinese financial hub in more than seven decades, with flights, trains and highways suspended during a national holiday. Typhoon Bebinca made landfall in an industrial suburb southeast of the metropolis of 25 million people around 7:30 a.m. local time. The Joint Typhoon Warning Center (JTWC) said it packed top wind speeds of 130 kilometers per hour (80 mph), the equivalent of a Category 1 Atlantic hurricane. The storm is the strongest to make landfall in Shanghai since 1949, according to Chinese state media. The China Meteorological Administration on Monday issued a red typhoon warning, its most severe alert, warning of gale force winds and heavy rainfall in large swathes of eastern China.
Persons: Hong Kong CNN —, Bebinca Organizations: Hong Kong CNN, Hong Kong CNN — Shanghai, Typhoon Warning, China Meteorological Administration, Shanghai Disney Resort Locations: Hong Kong, Shanghai, China
President Vladimir Putin has warned Russia would be “at war” with the United States and its allies if they lift restrictions on Ukraine's use of long-range Western weapons. “We are not talking about allowing or not allowing the Ukrainian regime to strike Russia with these weapons,” Putin said Thursday in comments to propagandist Pavel Zarubin. Stefan Rousseau / WPA Pool via Getty Images"This will mean that NATO countries, the U.S. and European countries are at war with Russia," Putin said. Putin added that the Ukrainian army does not have the ability to program long-range missiles or the satellite data necessary for their targeting, relying on NATO military personnel for those tasks. It’s been pleading for that policy to change so it can strike military assets deeper inside Russia that are used to launch attacks on Ukrainian cities.
Persons: Vladimir Putin, , Kyiv —, Sir Keir Starmer, Joe Biden, ” Putin, Pavel Zarubin, ” Starmer, David Lammy, Stefan Rousseau, Putin, Vyacheslav Volodin, ” Volodin, , Dmitry Peskov, ” Peskov, Oleg Palchyk, It’s, Antony Blinken, Biden, Starmer Organizations: NATO, Kyiv, British, U.S, Duma, Kremlin, West, Getty, U.S ., Congressional Ukraine Caucus, America, NBC News Locations: Russia, United States, Washington, Ukraine, , U.S, Ukrainian, Kursk, Ukraine's, Pokrovsk, Sudzha, Kyiv, Israel, “ Russia, Moscow
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