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Elon Musk didn't have much to say about the Cybertruck during an interview the day before its launch. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Musk has previously called Cybertruck Tesla's "best product ever," and millions of fans have been waiting for the launch since 2019. Musk's panel started nearly 15 minutes late, leaving the audience — including the likes of hedge fund titan Bill Ackman and X CEO Linda Yaccarino — waiting. But after more than 20 minutes of defensive posturing, his mood shifted when Sorkin brought up Musk previously calling his mind "a storm."
Persons: Elon, , Tesla, you'd, Andrew Ross Sorkin, Bill Ackman, Linda Yaccarino —, Kamala Harris, Bob Iger, Jamie Dimon, Harris, Sorkin, pluses, Dimon, Sorkin —, Musk, Jonathan, Bob, Iger, Yaccarino, Nietzsche, Sam Altman, he's, Sam, — he's Organizations: Service, Disney, JPMorgan, IBM, Apple, White House,
President Gerald Ford (left) and Secretary of State Henry Kissinger talk together in the Oval Office, February 19, 1975. In his 2001 book "The Trial of Henry Kissinger," social critic Christopher Hitchens called him a war criminal. North Vietnam's Le Duc Tho (left) and US National Security Advisor Henry Kissinger at the Paris peace talks, January 1973. Chairman Zedong of the People's Republic of China meets U. S. Secretary of State Henry Kissinger on Nov. 12, 1973. On a helicopter during the period of shuttle diplomacy in the Middle East, Henry Kissinger talks to his wife, Nancy.
Persons: Henry Kissinger, , Richard Nixon's, Kissinger, Richard Nixon, Richard Corkery, Duc Tho, Gerald Ford, Benjamin E, Ford, Warren Burger, Kissinger's, Paula, Gene, Forte, Seymour M, Hersh bashed Kissinger, Walter Isaacson's, Christopher Hitchens, Greg Grandin, Niall Ferguson, Kant, Clausewitz, Bismarck, Barry Gewen, Gewen, Elizabeth Holmes, Nixon, George Shultz, Holmes, Heinz Alfred Kissinger, Louis, Walter, Hitler, Kissingers, Fritz Kraemer, William Yandell Elliott, Spengler, Toynbee, Metternich, Castlereagh, Alfred Eisenstaedt, Mike Wallace, Wallace, Kennedy, Johnson, Republican Nelson Rockefeller, George Romney, Hubert Humphrey, Democratic Sen, George McGovern, McGovern, Nguyen Van Thieu, Reg Lancaster, Tho, Thieu, Mao, Gen, Agha Muhammad Yahya Khan, Nicolae Ceausescu, Zhou Enlai, Leonid Brezhnev, Andrei Gromyko, Dirck, Sen, Henry Jackson, Charles Vanik, Brezhnev, Spiro Agnew, Archibald Cox, Cox, Robert Bork, White, Alexander Haig, Anwar Sadat, David Hume Kennerly, Marxist Salvador Allende Gossens, Fidel Castro's, Martin Bernetti, Allende, Augusto Pinochet Ugarte, Pinochet, Ann Fleischer, Elizabeth, David, Nancy Maginnes, Rockefeller, Jill St, John, Candice Bergen, Shirley MacLaine, Liv Ullman, Diane Sawyer, , Napoleon, Nancy, David Rubinger, Maginnes, Moshe Dayan, Robert Dallek, Nixon's, Bob Woodward, Carl Bernstein, Paula Kissinger, Brooks Kraft Organizations: Gould, Kissinger Associates, National Security, Waldorf, Astoria, Richard Corkery | New York Daily, Forte, Soviets, State, Chief, New York, Theranos Inc, Economic, Nuremberg, George Washington High School, City College of New, Army, 84th Infantry Division, U.S ., Hesse . Harvard, Harvard, Confluence, Foreign, Eisenhower, Republican, Republican National Convention, Rockefeller and Michigan Gov, Democratic, District of Columbia, US National Security, Getty, Paris Peace, North, Nationalist, China, Bettmann, East Pakistan, of, U.S, Soviet Union ., Ballistic, Soviet, Washington, Egyptian Third Army, Department, West, Marxist, Museum, AFP, CIA, Israeli, Southern California Quaker, White, Partners, Power Locations: New York City, U.S, Connecticut, Richard Corkery | New, United States, Vietnam, Saigon, Viet, Soviet Union, Communist China, Israel, Egypt, Syria, Chile, Pakistan, Theranos, Ukraine, Russia, Davos, Switzerland, Fuerth, Germany, Bavarian, American, Nazi Germany, London, New York, City College of New York, Ahlem, Hanover, German, Krefeld, Hesse, Cambodia, Massachusetts, Haiphong, Paris, North, China, Washington, Taiwan, People's Republic of China, Beijing, Moscow, India, East, Bangladesh, Shanghai, USSR, Soviet, Kremlin, Dirck Halstead, Ohio, Saudi, Japan, Sinai, Alexandria, Cairo, Suez, Americas, Santiago, Cuba, Chilean, America, Europe, Virginia, Southern California
JPMorgan CEO Jamie Dimon shared his thoughts on Elon Musk. Dimon said the Tesla CEO is "brilliant" and has "pluses and minuses." Dimon was speaking at the New York Times DealBook conference. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAt the New York Times DealBook conference Wednesday, host Andrew Ross Sorkin asked JPMorgan chief Jamie Dimon about Elon Musk.
Persons: Jamie Dimon, Elon Musk, Dimon, Tesla, , Andrew Ross Sorkin, Elon, Sorkin, pluses Organizations: New York Times, Service, Elon, JPMorgan
Director John Woo poses during a photocall for the movie "Zhuibu (Manhunt)" at the 74th Venice Film Festival in Venice, Italy September 8, 2017. REUTERS/Alessandro Bianchi Acquire Licensing RightsLOS ANGELES, Nov 28 (Reuters) - Director John Woo opted not to have any actor dialogue in the action-thriller film "Silent Night," and focus on his own unique visual and sound techniques to engage audiences. Swedish actor Joel Kinnaman plays Godlock, and most of the dialogue in the film comes from either radio broadcasts or police communications. In fact, Kinnaman said, Woo encouraged long takes where the actors had to improvise to create the feeling of a real fight. Reporting by Rollo Ross and Danielle Broadway; editing by Jonathan OatisOur Standards: The Thomson Reuters Trust Principles.
Persons: John Woo, Alessandro Bianchi, Woo, , Brian Godluck, he’s, Godluck, Joel Kinnaman, Kinnaman, he's, Rollo Ross, Danielle Broadway, Jonathan Oatis Organizations: Venice Film, REUTERS, Lionsgate, Hollywood, Thomson Locations: Venice, Italy, Hollywood, Hong Kong, Swedish, Godluck
Sam Altman enters his power era
  + stars: | 2023-11-25 | by ( Michael Cogley | Riddhi Kanetkar | ) www.businessinsider.com   time to read: +7 min
A failed coup at OpenAI saw Sam Altman return as CEO and stronger than ever. The botched coup of OpenAI chief executive Sam Altman has seemingly reinforced his power. Even more astonishingly, Altman lacks the one obvious lever of power that keeps founder-CEOs like Mark Zuckerberg in power: controlling shares in his company. "He's really, really, really good at both being understood, but also understanding and asking thoughtful questions." They acted in their best interest," one OpenAI staffer posted on Blind, a social network site where employees can post anonymously.
Persons: Sam Altman, Altman, , Mark Zuckerberg, Eduard Cristea, — Mira Murati, Satya Nadella, Greg Brockman, Vinod Khosla, Dan Siroker, Paul Graham, Holofy's, Cristea, Sam, OpenAI, would've, Altman OpenAI, Ilya Sutskever, we've, — Ilya Sutskever, Sutskever, Ilya, we'd, it's Organizations: Service, Microsoft, Stanford, New York Times Locations: OpenAI, Silicon Valley, Silicon
An employee at rival Anthropic sent OpenAI thousands of paper clips in the shape of their logo. The prank was a subtle jibe suggesting OpenAI's approach to AI could lead to humanity's extinction. Anthropic was formed by ex-OpenAI employees who split from the company over AI safety concerns. AdvertisementOne of OpenAI's biggest rivals played an elaborate prank on the AI startup by sending thousands of paper clips to its offices. AdvertisementAnthropic was founded by former OpenAI employees who left the company in 2021 over disagreements on developing AI safely.
Persons: Anthropic, , Nick Bostrom, Bostrom, OpenAI, Sam Altman, Altman, Ilya Sutskever, Sutskever Organizations: Service, OpenAI's, Anthropic, Wall Street, Microsoft, Business Locations: Francisco
[1/5] Musicians perform onstage at the debut performance of Emigre at the Shanghai Symphony Orchestra Hall in Shanghai, China November 17, 2023. A collaboration between the Shanghai Symphony Orchestra, New York Philharmonic as well as choirs from the U.S. and China, the work premiered on Nov. 17. Composer Aaron Zigman, known best for his movie scores, said he was approached by Shanghai Symphony Orchestra's maestro Long Yu in 2019 with the idea for a piece telling the story of Shanghai's Jewish refugee history. In the late 1930s, as World War Two was about to break out, Shanghai was one of the few places in the world open to Jewish refugees, as many countries restricted visa access. Chen Jian, curator of the Shanghai Jewish Refugees Museum, was in the audience for Emigre's global premiere at the Jaguar Shanghai Symphony Orchestra Hall in downtown Shanghai.
Persons: Nicoco Chan, Aaron Zigman, Long Yu, Zigman, Mark Campbell, Chen Jian, Casey Hall, Sonali Paul Organizations: Shanghai Symphony Orchestra Hall, REUTERS, Rights, Shanghai Symphony Orchestra, New York Philharmonic, Shanghai, Shanghai Jewish Refugees Museum, Jaguar Shanghai, Orchestra Hall, Reuters, Thomson Locations: Shanghai, China, U.S, Nazi Germany, Europe, Japan, Israel, Gaza, Ukraine, New York
OpenAI CEO Sam Altman testifies before a Senate Judiciary Privacy, Technology & the Law Subcommittee hearing titled 'Oversight of A.I. But on Friday it was the earnest Altman who was upended after OpenAI’s board, in a surprise move, stripped him of his CEO title and directorship. Directors of the company, now worth about $80 billion, cited a failure to be "consistently candid in his communications." Further details of what finally led to the ouster of Altman were not immediately clear Friday. “You and a small group of rebels get the space to solve an important problem that might otherwise not get solved."
Persons: Sam Altman, Elizabeth Frantz, Sam Altman’s, Altman, Elon Musk’s, , what’s, ” Altman, Satya Nadella, OpenAI, , Greg Bensinger, Diane Craft Organizations: Privacy, Technology, Intelligence, REUTERS, Microsoft, Wednesday, Google, Stanford, Thomson Locations: Washington , U.S, OpenAI, San Francisco, St, Louis , Missouri
But for my family, there will be no end to this pain and no peace until the 240 hostages that Hamas kidnapped are rescued. Omri, Lishay, Roni and Alma are not political pawns; they are human beings who deserve to be reunited as a family. But amid the chaos and complexity of this conflict, the hostages must not be forgotten. Taking hostages — civilians, including babies, children, the disabled and the elderly — is a grave violation of the Geneva Conventions. Addressing the plight of hostages is not a diversion from the broader political and military issues at the heart of the Israel-Hamas conflict.
Persons: Omri Miran, Roni, Alma, Oz, Omri, Lishay, , Lishay Lavi, Israel, pidyon shvuyim, , Omri — Organizations: Israel Defense Forces, Washington , D.C, Hamas, Sapir College Locations: Kibbutz, Gaza, London, Paris, Berlin, United States, Washington ,, Israel, Nahal Oz, Alma, Negev, Geneva, Qatar
All this coincides with longstanding calls from countries across the developing world for an international system where they have more say. Beijing, he added, sees the US as merely “paying lip service” to the “liberal order” to hurt other countries. Sergei Savostyanov/Sputnik/ReutersIn recent years, even some countries that have for decades embraced a close partnership with the US have drawn closer to China and its vision. “Is China really trying to promote multipolarity — or does China just want to (become a) substitute (for) US influence over the world?” he asked. They also raise questions about how a more militarily and economically powerful China would behave globally, if left unchecked.
Persons: Xi Jinping, , Xi, Vladimir Putin, General Antonio Guterres, ” Xi, , Shen Hong, they’d, , Yun Sun, liberalize, Sanjit Das, Shen Dingli, , ’ ”, Russia’s Putin, Bashar al, Assad —, Assad’s, Sergei Savostyanov, Ali Sarwar Naqvi, “ We’ve, James Marape, , Rubens Duarte, Li Zhiquan, , Tong Zhao, Zhao, Ted Aljibe, Luiz Inácio Lula da Silva, Zhang Youxia, Beijing’s, Gilberto Teodoro Jr, BRICS, Weeks, Joe Biden, Sergio Lima, ” — Organizations: Hong Kong CNN, United Nations, Forum, China, Communist, CNN, Beijing, Washington, Getty, Stimson, Bank, World Trade Organization, . Riot, Bloomberg, Initiative, Asian, Global, Sputnik, Reuters, Center for International Strategic Studies, Papua New Guinea, multipolarity, China News Service, Carnegie Endowment, International Peace, Global Security Initiative, NATO, Russia, Philippine Defense, Shanghai Cooperation Organization, United, New, Seven, Ministry, Global Security, Group, UN, Communist Party Locations: China, Hong Kong, Beijing, United States, Ukraine, Gaza, Russian, Xinhua, Washington, South, Taiwan, Tibet, Xinjiang, America, Shanghai, West, Hangzhou, Israel, Pakistan, Pakistani, Islamabad, Papua New, Brazil, Indonesia, Europe, Asia, Scarborough, South China, AFP, Moscow, Russia, , Saudi Arabia, Iran, Palestine, India, South Africa, Argentina, Egypt, Ethiopia, United Arab Emirates, New Delhi, Southeast Asia, Latin America, Caribbean, ” Beijing
Gaza and Jerusalem CNN —Thousands of Palestinians fled northern Gaza on Wednesday, traveling miles on foot through the battered enclave in a growing exodus prompted by Israel’s intensified ground and air campaign. It was the fifth day in a row that the IDF opened an evacuation window, and numbers of people fleeing south have increased each day. Israel has been ramping up its offensive inside Gaza, following the October 7 attacks that left 1,400 people in Israel dead. Israeli Defense Minister Yoav Gallant claimed Tuesday that IDF troops were at the “heart of Gaza City” and targeting Hamas infrastructure and commanders there. A satellite image shows groups of people walking along Salah a-Din road as they evacuate south from Gaza City.
Persons: Israel’s, , Salah Eddin, Gazans, Israel, Yoav Gallant, ” Gallant, , , Salah, ” Hani Bakhit, feeing, ” Khader Hamad, Ahmed Zakot, ” Abu Ida, I’m, Al Shifa Organizations: Jerusalem CNN, Israel Defense Forces, IDF, UN, CNN, Israeli, Maxar Technologies, Reuters, AP People Locations: Gaza, Jerusalem, Israel, Gaza City, Wadi Gaza,
When Ed Baldwin lands on the moon in October 1971, he is in early middle age. By 2003, on Mars, his hair has grayed and receded, and the wrinkles have multiplied and deepened. Kinnaman is now 43, but in the fourth season, which premieres on Nov. 10, Ed is in his 70s. Which meant that Kinnaman’s shooting days typically began before dawn, with four hours in the hair and makeup chair. This is one of the myriad hurdles and minor miracles of “For All Mankind,” a series that posits a world in which the space race never ended.
Persons: Ed Baldwin, Joel Kinnaman, Ed Organizations: Apple Locations: Ed, Swedish, Kinnaman
The UK Government are hosting the AI Safety Summit bringing together international governments, leading AI companies, civil society groups and experts in research to consider the risks of AI, especially at the frontier of development, and discuss how they can be mitigated through internationally coordinated action. His comments were delivered at the U.K.'s AI safety summit, which officially kicked off Wednesday at Bletchley Park, England. Wu Zhaohui, China's vice minister of science and technology, said the country was willing to "enhance dialogue and communication in AI safety with all sides." That has placed significant pressure on China's generative AI developers, many of which rely on Nvidia's chips. Raimondo also said the U.S. would look to launch an AI safety institute, hot on the heels of the U.K announcing its own intentions for a similar initiative last week.
Persons: Gina Raimondo, Michelle Donelan, China Wu Zhaohui, Leon Neal, Getty, Wu Zhaohui, Raimondo Organizations: State for Science, Innovation, Technology, Science, AI, Bletchley Park, Government, U.S, Bletchley, Union, U.S . Department of Commerce, U.K Locations: BLETCHLEY, ENGLAND, China, Bletchley , England, Beijing, Bletchley Park, England, U.S . China, U.S, Bletchley
Now, frontier AI has become the latest buzzword as concerns grow that the emerging technology has capabilities that could endanger humanity. The debate comes to a head Wednesday, when British Prime Minister Rishi Sunak hosts a two-day summit focused on frontier AI. In a speech last week, Sunak said only governments — not AI companies — can keep people safe from the technology’s risks. Frontier AI is shorthand for the latest and most powerful systems that go right up to the edge of AI’s capabilities. That makes frontier AI systems “dangerous because they’re not perfectly knowledgeable,” Clune said.
Persons: , Rishi Sunak, It’s, Kamala Harris, Ursula von der Leyen, Google’s, Alan Turing, Sunak, , Jeff Clune, Clune, Elon, Sam Altman, He’s, Joe Biden, Geoffrey Hinton, Yoshua, ” Clune, , it's, Francine Bennett, Ada Lovelace, Deb Raji, ” Raji, it’s, shouldn’t, Raji, DeepMind, Anthropic, Dario Amodei, Jack Clark, , Carsten Jung, Jill Lawless Organizations: British, U.S, European, University of British, AI Safety, European Union, Clune, Ada, Ada Lovelace Institute, House, University of California, ” Tech, Microsoft, Institute for Public Policy Research, Regulators, Associated Press Locations: Bletchley, University of British Columbia, State, EU, Brussels, China, U.S, Beijing, London, Berkeley
Jamie Dimon, chairman and chief executive officer of JPMorgan Chase & Co speaks on September 25,2019 in New York, US. JPMorgan Chase CEO Jamie Dimon is asked routinely where he sees the greatest threats to the global economy — and to mankind in general. "I just would put on your table the most serious thing facing mankind is nuclear proliferation. If we're not sitting here 100 years from now, it will be nuclear proliferation. International bodies and proliferation experts warn that the danger of nuclear weapons use is higher than it's been in decades, amid wars involving nuclear powers like Russia and the weakening of adherence to international nuclear treaties.
Persons: Jamie Dimon, JPMorgan Chase, Dimon, we're, it's Organizations: JPMorgan Chase, JPMorgan, United Nations, Carnegie Endowment, International Locations: New York, US, Riyadh, Saudi Arabia, Russia, Ukraine
Just like the cloud transformed every software category, we think AI is one such transformational shift. Therefore, this notion of Copilots that we're introducing is really going to be revolutionary in terms of driving productivity and communication. Milton Friedman once famously said: "the business of business is business." One is, is the business of business just business? So, I think AI can actually be very helpful in many ways to be a little more empathetic and more understanding of the world.
Persons: Satya Nadella, Axel Springer's, OpenAI, Nadella, Axel Springer, , Mathias Döpfner, Pankaj Nangia, Steve Ballmer, Steve, I've, It's, I'd, Herbert Simon, Karl Marx, Lakshmi, Hayek, Marx, Justin Sullivan, Carol Dweck, they're, Vuk Valcic, That's, it's, you've, Jae, Copilot, Jeff Bezos, I'm, We've, Milton Friedman, Elon Musk, we've, Lina Khan, Sam Altman, Sam, Tomohiro Ohsumi, Bard, Bing, Mathias, wouldn't, Picasso, Jakub Porzycki, Mustafa Suleyman, We'll Organizations: Service, Microsoft, Olympic, Australia, Getty, Activision Blizzard, Gaming, AP, Windows, Linux, Children's Hospital, University of Wisconsin, Associated Press, Google Locations: Berlin, India, Hyderabad, Seattle, United States, Milwaukee, American, China, derisking, DC, Beijing, Europe, GitHub, British
Many housing advocates are also disappointed that Newsom vetoed a bill — AB 309 — to create "social housing" on government-owned land. Resnikoff, whose organization endorsed the effort, noted that the state's current fiscal conditions make it very hard to pass housing policy that requires funding. Advocates are quick to point out that California housing policy has impacts far beyond its borders. How effectively California deals with its housing affordability issues also directly impacts other states' housing markets. The migration of California residents to places from Texas to Oregon has put additional pressure on those states to provide even more housing.
Persons: Gavin Newsom, , Ned Resnikoff, Chris Elmendorf, State Sen, Scott Wiener, Elmendorf, San Francisco Mayor London Breed, Breed, that's, Resnikoff, Brittany Murray, Newsom, Alex Lee, Lee, Eric Adams Organizations: Service, California, UC Davis, UC Berkeley, State, San Francisco Mayor London, Bloomberg, UC Berkeley's Terner, Housing Innovation, Habitat, Getty, New York City Locations: California, Francisco, San Francisco, Washington, Long, Greater Los Angeles, Vienna, Austria, Singapore, Central, Southeast Asia, New, Texas, Oregon
But they weren’t always that way, according to a new study, which found the famous 2,500-year-old Parthenon sculptures were colorful, painted with floral patterns and other elaborate designs. Researchers found microscopic traces of paint by using infrared light that is absorbed by the blue paint and appears on camera as a glowing white (right). By illuminating the sculptures with the red light, a pigment known as “Egyptian blue” absorbs the light and appears on camera as a glowing white. “Egyptian blue” was a popular pigment of its time that was made using calcium, copper and silicon, according to the Royal Society of Chemistry. Verri said he hopes that further imaging will soon be developed to find other colors present on the sculptures.
Persons: Giovanni Verri, ” Verri, “ It’s, Lord Elgin, Verri, Dione, Aphrodite, Kekrops, Demeter, Persephone, Dione ,, , Michael Cosmopoulos, Louis, William Wootton, conservators Organizations: CNN, British, , King’s College London, Art Institute of Chicago, British Museum, Royal Society of Chemistry, University of Missouri, Acropolis Museum Locations: Greece, Athens, Ottoman Empire, Verri
Putin says OPEC+ coordination to continue
  + stars: | 2023-10-11 | by ( Vladimir Soldatkin | ) www.reuters.com   time to read: +2 min
REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsSummary Putin: OPEC+ coordination to continuePutin: OPEC+ members will fully fulfill commitmentsPutin accuses West of sowing confusion on oil marketMOSCOW, Oct 11 (Reuters) - Russian President Vladimir Putin said on Wednesday that coordination by the OPEC+ group of leading oil producers would continue to ensure predictability on the oil markets. "For the stability of the oil market, the interaction of the main suppliers is necessary, and on open, transparent terms. And it is with this logic that Russia works with partners within the framework of OPEC+," Putin told a major energy conference in Moscow. "I am sure that the coordination of the OPEC+ partners' actions will continue. This is important for the predictability of the oil market, and ultimately for the well-being of all mankind."
Persons: Dado Ruvic, Putin, Vladimir Putin, Vladimir Soldatkin, Guy Faulconbridge Organizations: REUTERS, Putin, of, Petroleum, Thomson Locations: OPEC, MOSCOW, Russia, Moscow
"This is important for the predictability of the oil market, and ultimately for the well-being of all mankind," Putin said. Russia and Saudi have coordinated supply cuts - both as part of OPEC+ and with side agreements - to support oil prices in recent years. Putin praised Crown Prince Mohammed bin Salman and said that if there were differences on extending OPEC+ cuts, then the Kremlin would seek consensus. "For the stability of the oil market, the interaction of the main suppliers is necessary, and on open, transparent terms. And it is with this logic that Russia works with partners within the framework of OPEC+," Putin said.
Persons: Dado Ruvic, Putin, Vladimir Putin, Mohammed Shia Al, Alexander Novak, Crown Prince Mohammed bin Salman, Vladimir Soldatkin, Guy Faulconbridge, Christina Fincher Organizations: REUTERS, Putin, Organization of, Petroleum, Russian Energy, Iraqi, Kremlin, Hamas, OPEC, Crown, Thomson Locations: OPEC, MOSCOW, Russia, Moscow, Sudani, Iraq, Saudi Arabia, Israel, Iran, Kuwait, Venezuela, Saudi
Hong Kong/Taipei CNN —China and the European Union have agreed to exchange information on export controls as part of efforts to dial down tension over trade imbalances and geopolitical issues. I am glad that we made progress in addressing some market access issues,” Valdis Dombrovskis said in a statement. Hours before meeting He on Monday, Dombrovskis said China’s trade practices have forced the European Union to become more assertive in its dealings with the world’s second largest economy. China recently slapped export curbs on two semiconductor materials in a warning shot to Europe and the United States, after they imposed restrictions on China’s access to advanced chipmaking equipment. Moscow has become increasingly dependent on Beijing since its full-scale invasion of Ukraine in 2022, with trade between Russia and China soaring this year.
Persons: rebalancing, ” Valdis Dombrovskis, Dombrovskis, , ” Jorge Toledo, it’s, ” Dombrovskis, — Laura Organizations: Taipei CNN —, European Union, European Commission, EU, Union, Tsinghua University, China, Reuters Locations: China, Hong Kong, Taipei, Taipei CNN — China, Beijing, , EU, Europe, United States, Ukraine, Moscow, Russia
Jamie Dimon has warned that it's possible for US interest rates to rise as high as 7%. "If I was advising a company, I would say, are you prepared for 7% rates? AdvertisementAdvertisementJamie Dimon has warned that it's possible for US interest rates to surge as high as 7%, thanks to inflationary pressures stoked by factors including huge fiscal spending and the global energy transition. "I absolutely think they're possible," the JPMorgan CEO told the The Economic Times in an interview, referring to 7% rates. The Federal Reserve's benchmark interest rate is currently in the 5.25%-5.5% band, up 525 basis points since early 2022.
Persons: Jamie Dimon, , Dimon didn't, I'm, Dimon Organizations: JPMorgan, Economic Times, Service, Federal Reserve Locations: disinflationary, China, that's
HANGZHOU, China (AP) — A month before the Asian Games, China released a new national map, doubling down on its claims to almost the entire South China Sea and disputed border territories with India. At the games themselves, however, outward aggression has taken a backseat to unctuous charm as China sought to win the hearts of more than 40 Asian nations and regions by dazzling them with technology and slathering them with praise. “The Asian Games embodies the Asian people’s shared desire for peace, unity and inclusiveness,” Xi told them, according to his prepared remarks. Signs around Hangzhou billed the city as a “paradise on earth” while China adopted the motto “heart to heart” for the Asian Games, which feature some 12,000 competitors - more than the summer Olympics - from across Asia and the Middle East. “This will undoubtedly open new prospects for cultural exchanges, cultural integration and people-to-people bonds in Asia,” the Chinese Communist Party’s official People’s Daily wrote Monday in an effusive editorial about the Hangzhou games.
Persons: Xi Jinping, ” Xi, “ Xi, , Xi, Wang Wenbin, Organizations: Games, South China, Asian Games, Communist, Daily, Foreign Ministry, U.S Locations: HANGZHOU, China, India, Taiwan, Beijing, Hangzhou, South, Indonesia, Vietnam, Malaysia, Brunei, Philippines, Taipei, Asia, Fujian Province, Philippine, South China, Washington, , Pacific
And we will be more assertive in tackling unfairness.”The trade chief’s visit comes as tensions flare between the bloc and China over trade imbalances and geopolitical issues. The bloc’s trade deficit with China hit 396 billion euros ($421 billion) last year, which was “the highest in the history of mankind,” Jorge Toledo, the EU ambassador to China, was quoted by Reuters as saying. Dombrovskis said China’s new foreign relations law and its newly broadened counter-espionage law, in particular, were of “great concern” to European business. Two months later, it unveiled a sweeping foreign relations law enshrining its right to impose “countermeasures” against actions that it deems a threat. Russia has become increasingly dependent on China since the Kremlin ordered the full-scale invasion of Ukraine in February 2022.
Persons: Hong Kong CNN —, Valdis Dombrovskis, , ” Dombrovskis, ” Jorge Toledo, Dombrovskis, , enshrining, Vladimir Putin, — Lucas Liliholm, Manveena Suri Organizations: Hong Kong CNN, Union, Tsinghua University, EU, China, Reuters, European Union, West, EU Chamber of Commerce, Kremlin Locations: China, Hong Kong, Beijing, Europe, EU, United States, Ukraine, Russia
Dombrovskis, who is also the bloc's trade commissioner, is on a four-day visit to China seeking more balanced economic ties with the EU. Citing the bloc's trade deficit as an example, he added "the EU also needs to protect itself in situations when its openness is abused." LITMUS TESTThe EU blames its 400 billion euro trade deficit partly on Chinese restrictions on European companies. A "thousand" barriers to market access have propelled the trade deficit to its "highest in the history of mankind", EU Ambassador to China Jorge Toledo lamented at a forum in Beijing on Thursday. One with whom the EU wishes to work towards a more balanced trade and investment relationship."
Persons: Valdis Dombrovskis, Jason Xue, Dombrovskis, China Jorge Toledo, Lifeng, Moscow, Brenda Goh, Albee Zhang, Shri Navaratnam, William Mallard Organizations: European Commission, Reuters, REUTERS, Rights, European Union, Bund Summit, EU, Global Times, Thomson Locations: Shanghai, China, Moscow, Russian, Ukraine, Beijing, Dombrovskis
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