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☆ U.S. policies will have a 'profoundly negative' impact on Asian allies
▼ + stars: | 2024-07-22 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailU.S. policies will have a 'profoundly negative' impact on Asia regardless of who's next presidentKingsley Jones of Jevons Global discusses what the U.S. elections mean for markets and its Asian allies.

Persons: who's, Kingsley Jones, Jevons Locations: Asia

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☆ China’s summer of devastating floods shows steep challenge as it grapples with extreme weather
▼ + stars: | 2024-07-22 | by ( Simone Mccarthy | Joyce Jiang | ) edition.cnn.com time to read: +9 min

Villagers clean rubbish after torrential rains caused flooding in Meizhou, Guangdong province of China on June 19. John Ricky/Anadolu/Getty ImagesA man drives through a muddy street in the aftermath of flooding from heavy storms in Meizhou, Guangdong province last month. “All my hard work for a year has come to nothing.”A road is flooded following heavy rainfall in Jiangxi province on July 4. China’s government has mounted a top-down effort to revamp how the country responds to extreme weather in recent years after 2021 floods in Henan’s Zhengzhou killed more than 300 people. But there have been past issues of misappropriation of state recovery funds, for example following the deadly 2021 floods in Zhengzhou.

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☆ AI could be a solution to tech outages, Cisco says
▼ + stars: | 2024-07-22 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAI could be a solution to tech outages, Cisco saysDave West, president of Cisco for Asia Pacific, Japan and Greater China, discusses the global outage that CrowdStrike caused.

Persons: Dave West Organizations: Cisco, Asia Locations: Asia Pacific, Japan, Greater China

Earning Capital One RewardsYou need a Capital One miles-earning credit card in order to earn Capital One miles. Other credit cards offer higher rewards in certain categories of spending Insider’s Take If you want an easy, no-fuss travel rewards credit card, the Capital One Venture Rewards Credit Card is a great fit. Limited benefits Insider’s Take The VentureOne Rewards Card is a slimmed-down version of the popular Capital One Venture Rewards Credit Card. If you're looking for a flexible travel credit card that fits your travel strategy, any Capital One travel credit card is worth exploring. Capital One Rewards frequently asked questionsHow can I earn rewards with Capital One credit cards?

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☆ Frontloading ahead of tariffs part of reason behind Asia strong trade
▼ + stars: | 2024-07-22 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFrontloading ahead of potential tariffs is part of the reason behind Asia's strong trade volumeFred Neumann from HSBC talks about Asia's strong trade activities and highlights China's competitiveness in exports.

Persons: Fred Neumann Organizations: HSBC

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☆ Asia stocks fall as Biden drops presidential bid; inflation and GDP data in focus this week
▼ + stars: | 2024-07-22 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Aerial view by drone of Tokyo Cityscape with Tokyo Sky Tree visible in Tokyo city, Japan on sunrise. Asia-Pacific markets fell on Monday, as news emerged that U.S. President Joe Biden had dropped out of the presidential race, endorsing Vice President Kamala Harris as the Democratic nominee. On Monday, focus will be on the People's Bank of China's loan prime rate decision, with the one-year and five-year loan prime rate expected to be unchanged at 3.45% and 3.95% respectively, according to economists polled by Reuters. This week, investors will be looking out for GDP data from South Korea and the U.S., as well as factory activity data from around the region. Other economic data this week include inflation numbers from the U.S. and Singapore on Friday and Tuesday, respectively.

Persons: Joe Biden, Kamala Harris, LPR Organizations: Tokyo Cityscape, Democratic, Microsoft, People's Bank, Reuters Locations: Tokyo, Tokyo city, Japan, Asia, Pacific, South Korea, U.S, Singapore

☆ Hong Kong’s Bouncy ‘Wonders’ Leave Some Wondering, ‘Why?’
▼ + stars: | 2024-07-21 | by ( Tiffany May | ) www.nytimes.com time to read: +1 min

With darkness falling along Hong Kong’s waterfront against a backdrop of glimmering skyscrapers, carnival music competed with the whine of ventilation blowers as visitors bounced on the inflatable Stonehenge. The puffy white megalithic replica was part of an installation put up this month for SummerFest, a public outdoor festival that continues for several weeks. The exhibit, “Inflatable Wonders,” has attracted crowds. Some people have also been asking why more local artists aren’t being used for projects like this one. White is a color associated with death in East Asia, and the shapes of the Stonehenge have drawn comparisons to tombstones.

Persons: Joann, Gucci, Marc Jacobs, ”, aren’t Locations: Hong, Easter, East Asia, Hong Kong

☆ In a Taiwan war, the US could find itself fighting China without its top allies
▼ + stars: | 2024-07-21 | by ( Michael Peck | ) www.businessinsider.com time to read: +8 min

The study excluded nations that already faced a risk of direct conflict with China, the US and their respective allies. On the other hand, America's top allies don't share American fears that a massive Chinese military buildup and Chinese leader Xi Jinping's avowed determination to "reunify" Taiwan with China are steps toward war, but rather may be nationalistic posturing. AdvertisementYet if Japan, Australia, Britain and Canada are reluctant to confront China, there are actions they can take to help Taiwan. In addition, the four middle powers could play a role in mediators to prevent a Taiwan war from happening. "To build credibility with both great powers, the four middle powers need to rebuild and bolster their strategic autonomy, material power, and commitment to the Asia-Pacific region."

Persons: Rafiq Dossani, isn't, Xi Jinping's, China's, Dossani, Michael Peck Organizations: Service, America's, RAND Corp, RAND, Business, Taiwan's Ministry of Foreign Affairs, Canada, Chinese Communist Party, NATO, Defense, Foreign Policy, Rutgers Univ, Twitter, LinkedIn Locations: Taiwan, China, Japan, Australia, Canada, American, South Korea, India, Beijing, Asia, South China, Pacific, Okinawa, East China, Britain, Europe, Forbes

☆ Paris adds an unusual museum to its illustrious roster
▼ + stars: | 2024-07-20 | by ( Forrest Brown | Maureen O'Hare | ) edition.cnn.com time to read: +4 min

Editor’s Note: Sign up for Unlocking the World, CNN Travel’s weekly newsletter. Homage to fromageMuseums are a highlight of any visit to Paris: The Louvre! Oui – joining the ranks of Paris museums is one devoted to glorious delights of cheese. That’s very close to Notre Dame (see video) so visitors to the cheese museum can easily stop by the famed cathedral to see the progress of its restoration after its devastating fire five years ago. Entry to the museum is €20 (about $21.75 US) for adults and children 5-11 visit for half price.

Persons: There’s, Louis en, there’s, –, we’ve, James Beard, Bacchus, Asia’s Organizations: CNN, Paris, Olympics, rue Saint, Notre Dame, Aviation, CNN Travel, Airlines, intel, Airbus, CNN CNN Travel Locations: France, Paris, Louis en l’Île, Portland, Maine, Portland , Maine, “, Florence

☆ Inside the world of South Korean convenience stores — the global king of one-stop shops
▼ + stars: | 2024-07-19 | by ( Jessie Yeung | ) edition.cnn.com time to read: +9 min

In large South Korean cities like Seoul, convenience stores are on every corner, sometimes with multiple outlets from competing companies dotting the same street. Heo Ran/ReutersThere are a few things that set South Korean convenience stores apart. A quick search on YouTube, TikTok or Instagram shows an endless supply of videos about Korean convenience stores. Indeed, Korean convenience store companies have grown so successful they are even expanding overseas. But when she next returns to South Korea, she will “definitely” still visit a convenience store and hit record, she said.

Persons: ”, Chang Woo, ” Chang, Heo Ran, Chang, – they’re, Jiny, “, Emart24 –, Maeng Organizations: South Korea CNN, Korea Convenience Store, South, Kwangwoon University, Deloitte Korea, McKinsey, Companies, Deloitte, YouTube Locations: Seoul, South Korea, Japan, Taiwan, “, United States, Korea, London, Australia, “ Korea, Sydney, Southeast Asia, Vietnam, Malaysia

Capital One Venture X Business Card† OverviewThe Capital One Venture X Business Card† is a premium card tailored to small businesses. Capital One Venture X Business Card† Fees and Other CostsThe Capital One Venture X Business Card† has a $395 annual fee. The Business Platinum Card® from American Express vs. Capital One Venture X Business Card†The Business Platinum Card® from American Express is another premium business card for travel rewards that competes directly against the Capital One Venture X Business Card†. Capital One Venture X Rewards Credit Card vs. Capital One Venture X Business Card†The Capital One Venture X Rewards Credit Card is virtually identical to the Capital One Venture X Business Card†, except it's tailored for personal use rather than business. The Capital One Venture X Business Card† is a pay-in-full card, while the personal Capital One Venture X Rewards Credit Card is not.

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☆ ‘Chariots of Fire’ immortalized the 1924 Paris Olympics. Decades later, the film finds a way of ‘really speaking to people’
▼ + stars: | 2024-07-19 | by ( George Ramsay | ) edition.cnn.com time to read: +11 min

So begins the 1981 Oscar-winning film “Chariots of Fire,” introducing a group of British athletes as they train for the Olympic Games. Based on the lives and gold-medal-winning performances of sprinters Eric Liddell and Harold Abrahams ahead of the 1924 Paris Olympics, “Chariots of Fire” won four Oscars – including Best Picture. Athletes and officials process during the Opening Ceremony of the 1924 Paris Olympics. “The film has got a way of really, really speaking to people … something much more than we envisaged or probably had been put into it. He went on to become an influential journalist, broadcaster and athletics administrator, and he remains one of only three British men to win the Olympic 100m title.

Persons: St Andrews, ” David Puttnam, ”, Eric Liddell, Harold Abrahams, Ronald Reagan, Joe Biden, “, It’s, Liddell, Abrahams –, –, Ian Charleson, Allan Wells, ” Eric Liddell, Firmin, Wells, Abrahams, Liddell’s, ‘, ’, I’ve, they’ll, ” Sue Caton, He’d, ” John MacMillan, MacMillan, “ He’s, Robin Hood, ” Abrahams, ” Harold Abrahams, Ben Cross, Sam Mussabini, “ Harold Abrahams, Mark Ryan, ” Liddell’s, Ryan, Puttnam, Oscar, Tom McNab, Nigel Havers –, Andrew Lindsey –, we’d, … I’ve, ” Courage Organizations: CNN, Olympic Games, CNN Sport, Keystone, Hulton, Scottish, international, University of Edinburgh, Olympics, Topical Press Agency, Getty, Eric Liddell Community, Cambridge, AAA, Central Press, BBC, “, Paris, ABC, Disney, Entertainment Locations: Scottish, St, Paris, Scotland, China, Asia, Moscow, Edinburgh, “, St Andrews, England

☆ Cheng Pei-pei, ‘queen of martial arts’ movies, dead at 78
▼ + stars: | 2024-07-19 | by ( Amarachi Orie | ) edition.cnn.com time to read: +2 min

CNN —Actress Cheng Pei-pei, best known for her martial arts roles in films such as “Come Drink with Me” and “Crouching Tiger, Hidden Dragon,” has died. Our mother, Cheng Pei Pei, passed away peacefully at home surrounded by her loved ones on July 17,” her family wrote in a statement posted on Facebook Friday. Our mom wanted to be remembered by how she was: the legendary Queen of Martial Arts… a versatile, award-winning actress whose film and television career spanned over six decades, not only in Asia but internationally as well,” the statement continues. Born in Shanghai in 1946, Cheng trained in ballet while at school before moving to Hong Kong as a teenager. She then enrolled in a performing arts training course at film production company Shaw Brothers Studio, a pioneer of the kung fu film genre, according to the website Hong Kong Movie Database (HKMDB).

Persons: Cheng Pei, pei, ”, Cheng Pei Pei, Cheng, Shaw, Shang, ” Cheng, HKMDB, Jade Fox, “ I’m, “ Organizations: CNN, Facebook, National Health Service, Martial Arts …, Shaw Brothers, Hong Kong Movie Locations: Asia, Shanghai, Hong Kong, United States

☆ Microsoft, CrowdStrike IT outage hits global supply chain, with air freight facing days or weeks to recover
▼ + stars: | 2024-07-19 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +8 min

The new issue for the global supply chain comes amid a rise in global demand, with shipments up 13% year-over-year in June. Air freight supply has increased, but only by 3% year-on-year, already causing higher costs for shippers due to the limited capacity, according to Xeneta. Thousands of flights were grounded or delayed at the world's largest air freight hubs in Europe, Asia and North America. "This is a reminder of how vulnerable our ocean and air supply chains are to IT failure." Ports, freight rails, report some issues, but normal operationsMost rails and ports were faring better after some early morning disruptions.

Persons: Buttigieg, Pete Buttigieg, van de Wouw, Niall van de Wouw, Xeneta, Berkshire Hathaway, Mario Cordero, Bethann Rooney, Emily Stausbøll, Stausbøll, Kpler, Matt Wright Organizations: U.S . Department of Transportation, Transportation, CNBC, Air, Microsoft, FedEx, UPS, Union Pacific, Pacific, CSX, Norfolk, BNSF, APM, Maersk, Port Authority, Port Authority of New, Port, U.S ., Harbour Master Locations: New York, U.S, China, Europe, Asia, North America, Norfolk Southern, Berkshire, Port, Houston, Los Angeles, of Long Beach, New Jersey, Port Authority of New York, Savannah, Virginia, Charleston Port, U.S . East Coast, Maritime, Gdansk, Dover, Felixstowe, Liverpool, Rotterdam

☆ The Trump trade: how a red wave could impact stocks, bonds, and commodities
▼ + stars: | 2024-07-19 | by ( Laila Maidan | ) www.businessinsider.com time to read: +9 min

Read previewAs we near the November elections, investors are increasingly focused on what a Donald Trump win would mean for global markets and economies. The charts below show how stock sectors moved in the 24 hours after the debate and how a Trump administration might impact sectors with varying regulatory burdens. If Trump wins, investors will need to cut through the noise and at least understand how he might impact different parts of the economy. Where monetary policy is concerned, leading economist Christophe Barraud believes a Trump administration could pressure the Federal Reserve to be very accommodative on rates, in other words, steeper or sooner cuts. It expects a Trump Administration to allow LNG export permits after the Biden Administration attempted to halt them.

Persons: —, Donald Trump, Goldman Sachs, Joe Biden, Trump, Solita, Samantha Lamas, Goldman, Goldman's Jan Hatzius, Christophe Barraud, Bloomberg Businessweek Trump, Morgan Stanely, Morgan Stanley Organizations: Service, Trump, Business, Trump Media, Technology, UBS, Americas Global Wealth Management, Morningstar, Federal Reserve, Bloomberg Businessweek, Korea, Asia Pacific's, Republican, Trump Administration, Biden Locations: Predictit, Mexico, Canada, China, Japan, Germany, Asia, Goldman Sachs, Washington

☆ Elon Musk praises the first prime minister of Singapore as 'brilliant' in response to a glowing blog post about the country's airport
▼ + stars: | 2024-07-19 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +5 min

Read previewElon Musk said that Singapore's first prime minister, touted as the country's founding father, was a "brilliant" man. Mack wrote about Lee's efforts in conceiving Singapore's Changi Airport, which has been named the world's best airport 12 times by London-based research firm Skytrax. Singapore's award-winning Changi Airport. John Seaton Callahan/Getty ImagesBefore Singapore's Changi Airport became operational in 1981, the island state had a small commercial airport located inland on the east side of Singapore, called Paya Lebar Airport. The country's largest public universities, National University of Singapore and Nanyang Technological University, ranked 8th and 15th, respectively, in the 2025 QS top universities rankings.

Persons: —, Elon Musk, George Mack, Lee Kuan, Mack, d1C60XIvNA — Elon, Musk, Lee, Singapore's, John Seaton Callahan, Skytrax, Martin Puddy, Liu Thai Ker, Jon Hicks, it's Organizations: Service, SpaceX, Business, Changi, Changi Airport, Singapore's Changi, Airport, Changi Airport's, Business Times, The New York Times, Financial, Singapore Crowds, Getty, National University of Singapore, Nanyang Technological University, QS, Cornell, Princeton, Yale Locations: London, Singapore, Paya, Changi, Southeast Asia, Malaysia, Asia, Hong Kong, Singapore's Orchard

☆ Election Live Updates: Republicans Leave Convention Unified Around Trump
▼ + stars: | 2024-07-19 | by ( Jim Rutenberg | Adam Nagourney | ) www.nytimes.com time to read: +74 min

And there was great, great sorrow. They’re going to be OK. They’re going to be doing very well. Now he’s going to get on the plane in a little while and he’s going to go back home to his wife. Great, great student at Yale. So many — just so many heroes, so many great, great people.

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