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☆ Sen. Tommy Tuberville argues the Navy is 'too woke' because 'people are doing poems on aircraft carriers'
▼ + stars: | 2023-09-07 | by ( Brent D. Griffiths | Christopher Woody | ) www.businessinsider.com time to read: +6 min

Sen. Tommy Tuberville says the US Navy is too woke, citing a poetry night on an aircraft carrier. "It is absolutely insane the direction we're headed in our military," Tuberville told Fox News. "Secretary [Carlos] Del Toro of Navy, he needs to get to building ships, get to recruiting, and he needs to get wokeness out of our Navy," Tuberville said Wednesday evening on Fox News. AdvertisementAdvertisementSecretary of the Navy Carlos Del Toro and Sen. Jack Reed at an industry conference in Newport, Rhode Island on August 28, 2023. AdvertisementAdvertisement"The service chief of any service has two full-time jobs already.

Persons: Sen, Tommy Tuberville, Tuberville, Carlos, Del Toro, We've, he's, Navy Carlos Del Toro, Jack Reed, Theodore C, Lee Tuberville, Gerald R, Ford, Mike Gilday, Gilday, Ted Lieu, George Patton, Richard, MCS3 Jeanette Mullinax, Chuck Schumer, Tuberville's, They've, Adam Smith of, Abraham Lincoln, Jeff Sherman Tuberville's, Lisa Franchetti, Joe Biden, Franchetti, Eric Smith, Smith, I've Organizations: US Navy, Fox News, Navy, Service, Alabama Republican, CNN, Army and Air Force, The Washington Post, Ford, Senate Armed Services Committee, House Armed Services Committee, Defense, Conference, Navy Reserve, Joint Chiefs, Staff, Marine, Chiefs Locations: Russian, Wall, Silicon, The, Newport , Rhode Island, Alabama, California, Flanders, Canadian, Adam Smith of Washington

Capital One has revealed its newest airport lounge, an 8,500-square-foot outpost at Washington-Dulles International Airport (IAD). Read Insider's guide to the best credit cards with free airport lounge access. The Capital One Lounge at Dulles (IAD) is the issuer's highly anticipated second location, expanding the issuer's reach to the Washington D.C. metropolitan area. It's the first credit card-affiliated lounge at Dulles, and the space will likely prove popular for travelers departing from the airport. Premium perks including airport lounge access and statement creditsCheck mark icon A check mark.

Persons: Eero Saarinen, Dulles, H, Will Patton, Chris Dong, it's, Chase Sapphire, Amex, Chase Organizations: Dulles International, Travelers, Capital, Service, Fort Worth International, Dulles, Washington D.C, Capital One, One, Premier, Rhino Brewing Co, Michelin, Acorn, Dulles Airport, Venture, Business, LaGuardia, Reagan Washington National Airport Locations: Washington, Wall, Silicon, Dallas, DFW, Dulles, Virginia, Central Virginia, Denver, Las

☆ Former generals weigh in on how much say the US should have in Ukraine's counteroffensive as Kyiv's frustration with critics boils over
▼ + stars: | 2023-09-02 | by ( Ryan Pickrell | ) www.businessinsider.com time to read: +12 min

Ukraine has blamed a lack of equipment and tough defenses while some in the West have put the blame on Kyiv's forces. "Everyone is now an expert on how we should fight," Ukraine's defense ministry said on social media Thursday. He wrote that the general is "extremely talented," but "he has never before" coordinated the kind of operations Ukraine is executing now. AdvertisementAdvertisementThe US has reiterated that it will continue to support Ukraine's war effort, even as the counteroffensive is expected to potentially last for at least a couple more months and the conflict possibly for years. In a recent conversation with Insider about Ukrainian operations, Hodges said that the Ukrainians "have recognized that they have to adapt, which is what they're doing."

Persons: Dmytro Kuleba, it's, —, Jose Colon, Jack Keane, Keane, Metz, Michael O'Hanlon, George S, O'Hanlon, Hertling, Valery Zaluzhny, Diego Herrera Carcedo, Mick Ryan, Michael Kofman, Franz, Stefan Gady, Ben Hodges, David Petraeus, Mark Milley, Milley, Petraeus, Frederick Kagan, Hodges, Kyiv's, Ryan Organizations: Service, —, PKP, Ukrainian Army, Anadolu Agency, Getty, US Army, Institute for, Street, Patton's Third Army, NATO, intel, Army, Foreign Affairs, US Central Command, CNN, Joint Chiefs, Staff, The Washington Post, American Enterprise Institute, Russia, Nazis Locations: Ukraine, Wall, Silicon, Kyiv, Europe, Chasiv Yar, Russia, Donetsk Oblast, America, Ukrainian, France, Metz, Vietnam, Korea, US Army Europe, Australian, American, Singapore, Japan, United States, Philippines

Indonesia imported 53,864 metric tons of nickel ore in the first half of 2023, up from 22,503 tons for all of 2022, Indonesian trade data showed. But imports from the Philippines only started in May, and all arrived at Morowali port in a huge nickel processing park run partly by Chinese nickel giant Tsingshan Group, the Indonesian data showed. "But the ore is cheaper by comparison with domestic ore currently and so this will offset some of the rising costs," Mitchell said. The Philippines mined 360,000 tons of nickel in ore in 2022, or 11% of global supplies, according to INSG. Philippines 1.3% grade ore landed at China's Lianyun port surged 20.6% in the past month to $41 a ton, the highest since March, Mysteel data showed.

Persons: Antara, Aneka, Tsingshan, Wood Mackenzie, Andrew Mitchell, Mitchell, Mai Nguyen, Siyi Liu, Fransiska, Enrico dela Cruz, Dominique Patton, Kim Coghill Organizations: PT Vale Indonesia, REUTERS Acquire, Nickel, Tsingshan Group, Study, Imports, Thomson Locations: Sorowako, South Sulawesi, Indonesia, Philippines, Jakarta, Morowali, China, China's, Hanoi, Beijing, Manila

☆ Simone Biles: How to watch gymnast go for more history at US Gymnastics Championships
▼ + stars: | 2023-08-25 | by ( Ben Morse | ) edition.cnn.com time to read: +9 min

Coverage of the US Gymnastics Championships will be domestically broadcast on NBC and Peacock while international viewers can watch the event on the USA Gymnastics YouTube channel. Simone Biles competes in the floor exercise during the World Championships in 2019. Smiley N. Pool/Houston Chronicle/Getty Images Biles competes on the balance beam during the US National Gymnastics Championships in August 2013. The world gymnastics championships are then scheduled to take place between September 30 and October 8 in Antwerp, Belgium. Biles is the most decorated gymnast in US history, winning 32 medals across the Olympics and the world championships.

Persons: CNN — Simone Biles, she’s, Biles, –, Alfred Jochim, Peacock, Simone Biles, Laurence Griffiths, Ron, Smiley, Tim Clayton, Corbis, Dean Mouhtaropoulos, Lintao Zhang, Nellie, Adria, Leslye Davis, Gabby Douglas, Douglas, Donald Miralle, Ezra Shaw, Damir Sagolj, Reuters Biles, Kai Pfaffenbach, Laurie Hernandez, Madison Kocian, Aly Raisman, David Ramos, Emmanuel Dunand, Jimmy Fallon, Donald Glover, Andrew Lipovsky, Michael Phelps, Raisman, Olivia Munn, Trae Patton, Michelle Obama, Barack Obama, Alex Wong, Bob Levey, Sasha Farber, Eric McCandless, Daniel Dunn, Ulrik Pedersen, NurPhoto, Lionel Bonaventure, Emilee Chinn, Natacha, Cecile Canqueteau, Landi, Shannon Miller, Robert Gauthier, McKayla Maroney, Maggie Nichols, Larry Nassar, Saul Loeb, Joe Biden, Biden, James Corden, Pete Buttigieg, Terence Patrick, Stacy Revere, Jon Durr, “, ” Organizations: CNN, US, NBC, USA, YouTube, Houston Chronicle, The New York Times, Getty, Reuters, White House, Disney, Entertainment, Walt Disney Television, Houston Texans, GK, Tokyo, Los Angeles Times, USA Gymnastics, CBS, Network, Tokyo Games, Olympic Games, Olympics Locations: San Jose , California, Houston, Spring , Texas, Rio de Janeiro, AFP, Tokyo, American, Biles, Antwerp, Belgium

☆ Analysis-Lithium buyers eye cheaper early-stage deals in Australia
▼ + stars: | 2023-08-22 | by ( Melanie Burton | Scott Murdoch | ) www.reuters.com time to read: +6 min

So I think there’s going to be some opportunistic acquisitions.”There is already evidence of frenzied deal activity involving pre-producing companies. Develop Global, a base metals explorer backed by diversified miner Mineral Resources, last month proposed to acquire lithium developer Essential Metals for A$152.6 million ($97.98 million). “Even though battery chemistry is evolving and impacting certain metals, lithium is a mainstay and the demand story remains robust. The battery metals landscape, and lithium in particular, looks poised for further M&A activity,” said Gavi Friedland, head of metals and mining at Goldman Sachs in Australia & New Zealand. Mineral Resources is deciding whether to build an Australian lithium battery chemical plant, while Albemarle is expanding production at its Kemerton hydroxide plant and SQM is also building a lithium hydroxide plant.

Persons: Ivan Alvarado, acquirers, ”, Kaan, “, Gavi Friedland, Goldman Sachs, Guy Alexander, Buyers, Japan’s Idemitsu, Delta, Tony Chong, Squire Patton Boggs, Jakob Stausholm, Stausholm, ” Dale Henderson Organizations: MELBOURNE, REUTERS, Chile, Albemarle Corp, RBC, Develop, Mineral Resources, Metals, Minerals, Liontown Resources, Climate Capital, Consultancy, EV, Goldman, New Zealand, Resources, ”, Rio Tinto, Patriot Metals, Canada, Reuters Locations: Albemarle Chile, Chile, Australia, Sydney, Andover, Albemarle, Perth, China, U.S, Rio, Canada, Quebec

[1/2] A general view shows the brine pools of Albemarle Chile lithium plant placed on the Atacama salt flat, Chile, May 4, 2023. "It seems like the cheapest way to get lithium units is via the drill bit," said analyst Kaan Peker of RBC in Sydney. "Even though battery chemistry is evolving and impacting certain metals, lithium is a mainstay and the demand story remains robust. The battery metals landscape, and lithium in particular, looks poised for further M&A activity,” said Gavi Friedland, head of metals and mining at Goldman Sachs in Australia & New Zealand. Mineral Resources is deciding whether to build an Australian lithium battery chemical plant, while Albemarle is expanding production at its Kemerton hydroxide plant and SQM is also building a lithium hydroxide plant.

Persons: Ivan Alvarado, acquirers, Kaan, ”, Gavi Friedland, Goldman Sachs, Guy Alexander, Buyers, Japan's Idemitsu, Delta, Tony Chong, Squire Patton Boggs, Jakob Stausholm, Stausholm, Dale Henderson, Melanie Burton, Veronica Brown Organizations: REUTERS, Chile, Albemarle Corp, RBC, Develop, Mineral Resources, Metals, Minerals, Liontown Resources, Climate Capital, Consultancy, EV, Goldman, New Zealand, Resources, Tinto, Patriot Metals, Canada, Reuters, Thomson Locations: Albemarle Chile, Chile, MELBOURNE, Australia, Sydney, Andover, Albemarle, Perth, China, U.S, Canada, Quebec

☆ Mzansi Youth Choir: The South African group that brought Simon Cowell to tears eyes next stage of US singing competition
▼ + stars: | 2023-08-22 | by ( Jackelyn Prager | Jackie Prager | ) edition.cnn.com time to read: +4 min

CNN —On a stage more than 16,000 kilometers (10,000 miles) away from the small township of Soweto in Johannesburg, South Africa, the Mzansi Youth Choir was seeing their dreams come true before their eyes. Ever since, the choir has been back in South Africa preparing for the next step of their journey. “Coming to the US to perform on the world’s biggest stage, ‘America’s Got Talent,’ is a dream come true,” choir member Zoe Gulwa, 21, told CNN during a recent interview in Johannesburg. The Mzansi Youth Choir is family away from family,” said Mphahlwa. Trae Patton/NBC via Getty ImagesEyes on the prizeThe Mzansi Youth Choir has performed alongside musical talents including Shakira, Beyoncé and South African flutist Wouter Kellerman.

Persons: ‘, Zoe Gulwa, Jane “ Nightbirde ” Marczewski, Simon Cowell, “, ”, Nightbirde, ” Gulwa, would’ve, they’ll, Marina Zaaiman, Zaaiman, Jannie, Jannie Zaaiman, “ They’ve, Trae Patton, Shakira, Wouter Kellerman, America’s, ” “, Keneilwe Melato, It’s Organizations: CNN, NBC, Getty Locations: Soweto, Johannesburg, South Africa

Total refinery throughput in the world's second-largest oil consumer was 63.13 million metric tons last month, data from the National Bureau of Statistics (NBS) showed. Production was up slightly from the 14.83 million bpd of oil processed in June. Domestic fuel demand has picked up with the arrival of the summer travel season, notably in gasoline and jet fuel. China's crude oil imports in July pared back from close-to-record levels during the previous month, totalling 43.7 million metric tons, or 10.3 million bpd, according to the customs data. The NBS data on Tuesday also showed China's domestic crude oil production in July was 17.31 million metric tons, or 4.1 million bpd, versus 17.13 million metric tons in 2022.

Persons: Dominique Patton, refiners, Production, Andrew Hayley, Jacqueline Wong Organizations: Shandong Haiyou Petrochemical Group, REUTERS, National Bureau of Statistics, Reuters, Zhuochuang, Thomson Locations: Shandong, county, Shandong province, China, BEIJING

☆ Ukrainian soldier credits video-game obsession for his ability to strike Russian targets with drones
▼ + stars: | 2023-08-14 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +3 min

Ukraine is increasingly using small, cheap FPV drones to hit outsize targets. Mykhailo operates the drones using a joystick and a virtual reality headset — hence the video game comparisons. It's not the first time the video game comparison has been made. In an interview with The Guardian earlier this month, a Ukrainian drone operator called Olexandr said: "It's like playing a computer game, you know?" Ukraine is employing many of these cheap FPV drones, which can be made from off-the-shelf commercial drones and kitted out with explosives.

Persons: Mykhailo, Olexandr, Insider's Alia Shoaib, Michael Peck, James Patton Rogers Organizations: Service, Reuters, Russian, Guardian, Air Assault Force, UK's Royal United Services Institute Locations: Ukrainian, Ukraine, Wall, Silicon, Russia

☆ China to lift tariffs on Australian barley as trade ties improve
▼ + stars: | 2023-08-04 | by ( Dominique Patton | Lewis Jackson | ) www.reuters.com time to read: +4 min

FILE PHOTO: Bottles of Australian wine are seen at a store selling imported wine in Beijing, China November 27, 2020. Australian Grape & Wine CEO Lee McLean said the barley decision was a very positive step for the country’s relationship with China. “We hope this may provide a template for removing the duties on Australian wine,” he said. Those trade flows are likely to shift again after China drops the tariffs, with its barley buyers expected to begin purchases of the new Australian crop harvested in October for arrival by year-end. ($1 = 1.5223 Australian dollars)($1 = 1.5232 Australian dollars)((This story has been corrected to change the value of Australian barley exports to A$1.5 billion, not A$2 billion, in paragraph 11)

Persons: Florence, Dennis Voznesenski, ”, Colin Bettles, Lee McLean Organizations: China’s Ministry of Commerce, REUTERS, World Trade Organization, Rabobank, “, Grain Producers Australia, WTO, Labor, & Wine Locations: BEIJING, SYDNEY, Beijing, China, Australia, Canberra, WTO, Canada, France, Argentina

☆ Australia calls for China to end trade curbs as barley tariffs lifted
▼ + stars: | 2023-08-04 | by ( Lewis Jackson | Dominique Patton | ) www.reuters.com time to read: +4 min

Australian Trade Minister Don Farrell said on Friday that Chinese restrictions affecting roughly A$20 billion of annual trade as of last May had shrunk to hit about A$2 billion of exports. The U.S. Trade Representative’s office, which has sided with Australia in the trade dispute, declined to comment on China’s move to reduce barley tariffs. FILE PHOTO: Bottles of Australian wine are seen at a store selling imported wine in Beijing, China November 27, 2020. Wine producer Treasury Wine Estate’s shares reversed earlier declines to close 2.7% following the barley decision against an otherwise flat market. Chinese buyers had turned to Canada, France and Argentina to replace Australian barley supplies over the last three years, while Australian sellers shifted exports to feed barley markets in the Middle East.

Persons: Don Farrell, ” Farrell, Anthony Albanese, Florence, Lee McLean, Dennis Voznesenski, ”, Colin Bettles Organizations: SYDNEY, China’s Ministry of Commerce, World Trade Organization, Australian Trade, Labor, U.S . Trade, REUTERS, Wine, WTO, Rabobank, “, Grain Producers Australia Locations: BEIJING, Australia, normalisation, China’s, Canberra, China, Beijing, Canada, France, Argentina

☆ China to lift tariffs on Australian barley after 3 years
▼ + stars: | 2023-08-04 | by ( ) www.reuters.com time to read: +2 min

China and Australia agreed in April to resolve their dispute over barley imports, with Canberra to suspend a case at the World Trade Organization (WTO) over Beijing's anti-dumping and countervailing duties on barley, while China promised to speed up a review into the tariffs. Australian Trade Minister Don Farrell said on Wednesday that he was expecting a positive outcome within days. The tariffs will be dropped starting on Saturday, China's Ministry of Commerce said, citing a changing situation in China's barley market without providing further details. Beijing implemented tariffs totalling 80.5% on Australian barley in May 2020, wiping out imports of the grain by the world's biggest beer market, worth as much as A$2 billion ($1.31 billion) a year. Those trade flows are likely to shift again after China drops the tariffs, with its barley buyers expected to begin purchases of the new Australian crop harvested in October for arrival by year-end.

Persons: Jonathan Barrett, Don Farrell, Dominique Patton, Kim Coghill, Jamie Freed Organizations: REUTERS, China's Ministry of Commerce, World Trade Organization, Australian Trade, Labor, WTO, Reuters Graphics Reuters, Beijing, Thomson Locations: Moree, New South Wales, Australia, BEIJING, China, Canberra, Beijing, Canada, France, Argentina

[1/2] Rob Olan (C), employee of the healthcare investment fund Deerfield Management, departs Federal Court in Manhattan in New York, U.S., May 24, 2017. FollowNEW YORK, Aug 1 (Reuters) - A long-running federal insider trading case based on leaks about planned changes to Medicare reimbursement rates will likely end with no convictions, after the remaining defendants agreed to enter deferred prosecution agreements. In the healthcare case, the Manhattan appeals court said the leaked CMS information did not support fraud and theft charges against Huber, Olan and Blaszczak, though prosecutors could retry them on one or two counts each. In their deferred prosecution agreements, Huber and Olan acknowledged trading on and Blaszczak acknowledged passing advance information about a proposed CMS rule change. The case is U.S. v. Blaszczak et al, U.S. District Court, Southern District of New York, No.

Persons: Rob Olan, Lucas Jackson, Theodore Huber, Robert Olan, David Blaszczak, Prosecutors, Huber, Olan, George Washington, Chris Christie's, Christopher Worrall, Blaszczak, District Judge Lewis Kaplan, Blaszczak's, David Patton, Barry Berke, Dani James, Damian Williams, Jonathan Stempel, Conor Humphries, David Gregorio Our Organizations: Deerfield Management, REUTERS, Aetna Inc, Centers, Medicare, Services, Democratic, New, New Jersey Republican, District, Court, Southern District of, Thomson Locations: Manhattan, New York, U.S, Deerfield, New Jersey, Southern District, Southern District of New York

Former President Donald J. Trump’s team is creating a legal-defense fund to handle some of the crush of legal bills stemming from the investigations and criminal indictments involving him and a number of employees and associates, according to two people with knowledge of the matter. The fund, which is expected to be called the Patriot Legal Defense Fund Inc., will be led by Michael Glassner, a longtime Trump political adviser, according to the people familiar with the planning, who were not authorized to discuss it publicly. Another Trump aide who worked at the Trump Organization and then in Mr. Trump’s administration, Lynne Patton, will also be involved, the people said. It is unclear how broad a group of people the legal-defense fund will cover, but one person said it was not expected to cover Mr. Trump’s own legal bills. In recent months Mr. Trump’s political action committee has paid legal bills for him and several witnesses, spending over $40 million on lawyers in the first half of 2023.

Persons: Donald J, Michael Glassner, Trump, Lynne Patton, Trump’s Organizations: Patriot Legal Defense Fund Inc, Trump Organization, Trump

BEIJING/TAIPEI, July 28 (Reuters) - Typhoon Doksuri swept into southern China on Friday, unleashing heavy rain and violent gusts of wind that whipped power lines and sparked fires, uprooted trees, and ripped off part of a stadium roof. REUTERS/Eloisa LopezSocial media video showed power lines sparking and bursting into flames as winds thrashed Jinjiang, a city of 2 million, while in Quanzhou trees were uprooted and left in the middle of roads. FERRY OVERTURNSTyphoon Doksuri has already left a wake of death and destruction as it moved from the Philippines across southern Taiwan. In southern Taiwan, the storm toppled trees and cut power to hundreds of thousands of homes. The storm had cut power to more than 278,000 homes across Taiwan and downed hundreds of trees in Kaohsiung.

Persons: Doksuri, Meranti, Zhuang, Aya, Eloisa Lopez, Bernard Orr, Ryan Woo, Yimou Lee, Dominique Patton, Yuhan Lin, Kevin Huang, Ethan Wang, Michael Perry, Neil Fullick Organizations: Sunday, Philippine Coast Guard, REUTERS, Eloisa Lopez Social, Residents, Reuters, Thomson Locations: BEIJING, TAIPEI, China, Fujian, Quanzhou, Anhui, Beijing, Xiamen, Binangonan, Rizal province, Philippines, Jinjiang, Taiwan, Manila, Kaohsiung, Taipei, Shanghai

☆ Some Chinese steel mills ordered to cap output this year - sources
▼ + stars: | 2023-07-25 | by ( ) www.reuters.com time to read: +2 min

BEIJING, July 25 (Reuters) - Several Chinese steel mills have received instructions to cap this year's output at the same level as 2022, five people familiar with the matter and analyst reports said on Tuesday, potentially curbing iron ore demand in the world's top steel market. China has mandated zero output growth in its steel sector for the last two years as it seeks to limit carbon emissions by one of its most polluting industries. China's state planner did not respond to a fax seeking comment on the caps issued at some steel mills. Some mills in the northern Chinese city of Tianjin were notified to keep steel output below the 2022 level, according to reports by local consultancies Mysteel and Fubao on Tuesday, which did not specify the number of mills. However, a dozen mills in northern Chinese cities including Tianjin and Handan contacted by Reuters said they had not yet received any instructions to cap their output.

Persons: Dominique Patton, Chizu Organizations: China Baowu Steel Group, Shanghai Metals, Reuters, Shanghai Futures Exchange, National Bureau, Statistics, Thomson Locations: BEIJING, China, Tianjin, Fubao, Shanghai, Handan, Beijing

☆ China's Alibaba says will not join Ant Group share buyback
▼ + stars: | 2023-07-23 | by ( ) www.reuters.com time to read: 1 min

BEIJING, July 23 (Reuters) - China's Alibaba Group (9988.HK) said on Sunday it had decided not to participate in affiliate Ant Group's proposed repurchase of shares, but would maintain its shareholding in the company. Ant Group announced a surprise share buyback of up to 7.6% of its equity interest earlier this month, a day after it was fined $984 million by Beijing for violating laws and regulations. Online retail giant Alibaba, which spun off Ant 12 years ago retains a 33% stake. The fine has fuelled hopes that a years-long regulatory crackdown on the company has ended, which could allow it to secure a financial holding company licence, focus on growth, and eventually, revive its plans for a stock market listing. Reporting by Amy Lv and Dominique Patton; Editing by Jan Harvey and Barbara LewisOur Standards: The Thomson Reuters Trust Principles.

Persons: Ant, Amy Lv, Dominique Patton, Jan Harvey, Barbara Lewis Organizations: HK, Ant Group, Thomson Locations: BEIJING, Beijing

☆ China to resume 15-day visa-free entry for Singapore, Brunei citizens
▼ + stars: | 2023-07-23 | by ( ) www.reuters.com time to read: 1 min

BEIJING, July 23 (Reuters) - China will resume 15-day visa-free entry for citizens of Singapore and Brunei from Wednesday, its embassies in the two countries said, more than three years after the visas were suspended to stop the spread of COVID-19. Visa-free entry to China will be available for citizens of Singapore and Brunei with ordinary passports travelling for business, sightseeing, visiting relatives and friends, and in transit, the embassies said in notices on their websites. China lifted many of its zero-COVID measures in December but only began issuing tourist visas again in March. China has also been seeking visa-free travel for its citizens to Singapore. Reporting by Amy Lv and Dominique Patton; Editing by William MallardOur Standards: The Thomson Reuters Trust Principles.

Persons: Amy Lv, Dominique Patton, William Mallard Organizations: Thomson Locations: BEIJING, China, Singapore, Brunei, COVID

☆ Chinese chipmaker Hua Hong seeks up to $2.95 billion in mainland listing
▼ + stars: | 2023-07-23 | by ( ) www.reuters.com time to read: 1 min

BEIJING, July 23 (Reuters) - Chinese chipmaker Hua Hong Semiconductor (1347.HK) said on Sunday it aims to raise up to 21.2 billion yuan ($2.95 billion)in a listing on the Shanghai stock exchange. The country's second-largest chip foundry will sell 407.75 million shares priced at 52 yuan per share, it said in a statement to the exchange. The IPO by the chipmaker is set to be the biggest mainland listing this year. It comes as Chinese chipmakers rush to raise capital as Beijing seeks self-sufficiency in an escalating technology war with Washington. ($1 = 7.1861 Chinese yuan)Reporting by Dominique Patton and Amy Lv; Editing by Jacqueline WongOur Standards: The Thomson Reuters Trust Principles.

Persons: Hua Hong, Dominique Patton, Amy Lv, Jacqueline Wong Organizations: Hua Hong Semiconductor, HK, Thomson Locations: BEIJING, Shanghai, Beijing, Washington, Hua, Wuxi

During those COP27 climate talks last year in Egypt, China's top climate envoy, Xie Zhenhua, made an unexpected appearance at a meeting of the Global Methane Partnership, a U.S.-EU led initiative aimed at slashing 2020-level methane emissions by 30% by the end of this decade. Xie said China had drafted a plan with concrete measures to curb methane emissions from energy, agriculture and waste. COAL GASTwo big sources of methane emissions growth in China are livestock and rice production, neither of which are included in the country's climate plans. China is the world's largest source of methane from coal mines, with 28% of the world's biggest methane emissions points, according to Antoine Halff, co-founder of the environmental research group Karryos. "When you look around at the sources of coal mine methane worldwide, China is three or four times bigger than the next country's coal mine methane emissions," Banks said.

Persons: John Kerry, Kerry, Xie Zhenhua, Xie, Jonathan Banks, Joe Biden, Biden, Banks, Antoine Halff, Halff, Valerie Volcovici, David Stanway, Dominique Patton, Timothy Gardner, Katy Daigle, Will Dunham Organizations: Sunday, Methane Partnership, EU, Air Task Force, Program, Lawrence Berkeley National Laboratory, Task Force, Thomson Locations: BEIJING, U.S, China, Beijing, United States, Washington ., Glasgow, Sharm el, Egypt, Dubai, Shanxi, Boston, Singapore, Washington

☆ Gen X Is in Charge. Don’t Make a Big Deal About It.
▼ + stars: | 2023-07-07 | by ( Emma Goldberg | More About Emma Goldberg | ) www.nytimes.com time to read: +1 min

It’s Gen X’s moment, that generation most known for being crowded out of sweeping cultural age analyses by millennials on one end and boomers on the other. Or as Patton Oswalt, a Gen X comedian, put it: “Gen X is trending, which probably means that, uh … eh, whatever. People are far more complicated than the year they were born — in Gen X’s case, some time between 1965 and 1980. Take Darby Equipment, a manufacturing company in Tulsa, where remote flexibility for years seemed like an alien concept. The former chief executive, Bob Darby, reigned the company, a family business, with a commitment to an in-person regimen.

Persons: —, millennials, Patton Oswalt, X’s, Darby, Bob Darby Locations: Tulsa

☆ Factbox: China's major germanium and gallium producers
▼ + stars: | 2023-07-07 | by ( ) www.reuters.com time to read: +3 min

China produces around 60% of the world's germanium, or 180 metric tons in 2022, and over 90% of the world's gallium, about 606 tons last year, according to research firm Antaike. YUNNAN GERMANIUM, AN ESTABLISHED PRODUCERHeadquartered in southwest China's Yunnan province, Yunnan Lincang Xinyuan Germanium Industry Co. Ltd. (002428.SZ) extracts germanium from its own germanium mines and germanium-containing lignite coal mines. It has an annual capacity of 47.6 metric tons of germanium ingot, 60 tons of germanium tetrahydride - used to build 5G infrastructure - and 300,000 germanium wafers for solar cells. CHINALCO, A MAJOR GALLIUM PRODUCERState aluminium giant Chinalco has three gallium production plants, one each in central China's Henan and southwestern Guangxi and Guizhou provinces. It has annual production capacity of 200 metric tons of gallium metal and produced 146 metric tons in 2022.

Persons: Duan Xiangdong, Hope, Zhuzhou, Dominique Patton, David Evans Organizations: . Ltd, Aluminum Corporation of China, Zhuhai Fangyuan, Xing'an, Gallium, AXT Inc, Beijing, Thomson Locations: BEIJING, China, YUNNAN, China's Yunnan, Yunnan, China's Henan, Guangxi, Guizhou, Shanghai, Zhuzhou, China's Hunan, Zhuhai, Guangdong, Shanxi, Nanjing, U.S, Beijing

☆ Beijing's curbs on niche metal exports threaten China supply glut
▼ + stars: | 2023-07-06 | by ( ) www.reuters.com time to read: +3 min

Gallium prices in China have dropped 12% this year, pressured by its slowing economy. China's germanium ingot price has advanced only 1% to 7,250 yuan per kg since Monday. Overseas price offers are rising much faster, amid fears that Beijing may use the permitting system to restrict shipments. The Chinese government enforces export controls that do not target any particular country," spokesperson Shu Jueting told a weekly press conference. China produces around 60% of the world's germanium, and over 90% of the world's gallium.

Persons: Theo Ruas, Willis Thomas, Ruas, Shu Jueting, Amy Lv, Siyi Liu, Seher, Dominique Patton, Kim Coghill Organizations: China's Ministry of Commerce, Washington, Producers, Corporation, Shanghai Metal Exchange, CRU, Reuters, Thomson Locations: BEIJING, China, Beijing, U.S, London, Bangalore

☆ China's rare earths dominance in focus after it limits germanium and gallium exports
▼ + stars: | 2023-07-05 | by ( Mai Nguyen | Thomson Reuters | Mai Reports On The Nonferrous Metals Markets In Asia. She Writes About Daily Price Movers | ) www.reuters.com time to read: +5 min

Exports: Chinese exports of rare earths have declined. Beijing then curbed global exports of rare earths, saying it was trying to curtail pollution and preserve resources. The chemical properties of rare earths make them difficult to separate from surrounding materials, and processing generates toxic waste. Western countries have ramped up support to boost domestic production of critical minerals including rare earths. Electric vehicle maker Tesla (TSLA.O) is moving away from rare earths in future models to mitigate environmental and supply risks, as the rare earth industry struggles to meet demand.

Persons: Lynas, Mai Nguyen, Melanie Burton, Dominique Patton, Tony Munroe, Barbara Lewis Organizations: United States Geological Survey, Adamas Intelligence, United, RARE, European Union, World Trade Organization, Thomson Locations: China, Japan, Beijing, CHINA, United States, Australia, Myanmar, Thailand, Vietnam, Russia, Brazil, India, Canada, Las Vegas, California, Hanoi, Melbourne

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