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The pandas’ departure from the National Zoo leaves Zoo Atlanta as the only other US zoo to feature pandas from China, and not for much longer. First lady Pat Nixon welcomes China's giant pandas on April 20, 1972, at Washington's National Zoo. They have since become the parents of seven giant panda cubs born at Zoo Atlanta, according to the zoo. Staff at the National Zoo say they’re hopeful China might one day send over more giant pandas. Plans for the exhibit, with a welcome sign announcing the “Giant Pandas of Chengdu” and a panda-themed gift shop, aren’t clear.

Persons: Tian Tian, Mei Xiang, Xiao Qi Ji, Nixon, Mao Zedong, Richard Nixon, ”, Mao Ning, Richard Nixon’s, Mao Zedong’s, Pat Nixon, “, Hsing, YaYa, Xin Xin, David Culver, Fernando Gual Sill, CNN Xin Xin –, Xi Jinping, Vladimir Putin, Yang Yang, Lun Lun, Steve Schaefer, –, Bob Lee, Jane Mahalik, “ Pat Nixon, ” Mahalik, Jill Biden, Yong Xiong, Melissa Gray Organizations: CNN, Smithsonian National Zoo, ” Zoo, National Zoo, Zoo, AP China, China’s Ministry of Foreign Affairs, Washington, of Public Service, Memphis Zoo, Atlanta, Chapultepec Zoo, Pandas, Zoo Atlanta, Getty, Scotland, Edinburgh Zoo, Adelaide Zoo, Chengdu Research Base, Staff, National Locations: Washington ,, China, what’s, Zoo Atlanta, Beijing, United States, City of Peking, Washington, Atlanta, Russia, Mexico City, Chapultepec, Mexico, “, China’s, Moscow, Qatar, AFP, America, Zoo, Chengdu, New York, Los Angeles

Last year, Taiwan's chip industry generated T$4.837 trillion ($150.27 billion) in revenue, nearly half of which came from TSMC, compared with Taiwan's GDP of T$22.667 trillion ($704.21 billion). "Taiwan's limited land and limited energy have always created a lot of pressure," GlobalWafers (6488.TWO) CEO Doris Hsu told reporters. 'FIVE SHORTAGES'The chip industry has long complained about Taiwan's "five shortages": land, water, energy, labour, and talent. Taiwan's government - determined to keep its crown jewel's most advanced technology at home - has said it will provide alternative options. The Longtan expansion had proposed acquiring 159 more hectares in the north, where TSMC and many chip companies are based.

Persons: Wei Hsin, Carlos Garcia Rawlins, Taiwan's, Wang Mei, TSMC, Doris Hsu, Hsu Shih, Rich, Chen Ting, Chen, Liao Chen, Cliff Hou, Isaiah, Lucy Chen, Chen Chi, Sarah Wu, Yimou Lee, Ben Blanchard, Gerry Doyle Organizations: REUTERS, Rights, Taiwan Semiconductor Manufacturing Co, Taiwan's, National Chengchi University, Hsinchu Science Park, Reuters, Residents, TMSC's, Thomson Locations: Longtan, Taoyuan, Taiwan, Rights HSINCHU, LONGTAN, Hsinchu, United States, Japan, Germany, TSMC, Belgium, Arizona, Kaohsiung

☆ GOP Ties Israel Aid to IRS Cuts, Renewing Fight Over Tax Agency
▼ + stars: | 2023-11-03 | by ( Richard Rubin | ) www.wsj.com time to read: 1 min

The IRS and Democrats have emphasized that the tax agency’s additional funding is helping ordinary taxpayers. Photo: Ting Shen for the Wall Street JournalWASHINGTON—For everything, there is a season. Last winter, House Republicans kicked off their majority by trying to repeal almost all of the $80 billion that Congress gave the IRS in 2022 to improve technology and enforcement. This spring, in a debt-ceiling deal, Republicans got President Biden to agree that the IRS should give back $21.4 billion. House Republicans included even more IRS cuts in this summer’s spending bills for government agencies, and lawmakers are still arguing about those proposals.

Persons: Ting Shen, Biden Organizations: IRS, Wall Street Journal WASHINGTON, Internal Revenue Service, Republicans

In the wake of Matthew Perry's death at 54, fans in China are mourning the loss of the star who felt less like a distant celebrity and more like an old friend. “People shared their own memories about Chandler and ‘Friends’ and many teared up.”A large poster displayed on the bar featured pictures of Perry over the years. Once Chinese fans added Mandarin subtitles to the show, which ran in the U.S. from 1994 to 2004, it quickly gained a following. “This TV show actually offered a way to imagine this kind of so-called metropolitan utopian imagination.”Many Chinese fans learned English through watching the show and got a peek into American life and culture. “It feels like I just got to know this long-lost friend, but he’s just gone.”___Fu Ting reported from Washington.

Persons: Long, ”, Matthew Perry's, Chandler Bing, Nie Yanxia, Chandler, Perry, Xian Wang, ” wasn't, China —, Wang, ” Wang, Nilufar Arkin, Monica, “, ” Arkin, ” Fu Xueying, ” Fu, Zhang Fengguang, Sun Tiantian, Zhang, Sun, ” Zhang, he’s, Fu Ting, Han Guan Ng Organizations: University of Notre Dame, Associated Press Locations: China, Shenzhen, Hong Kong, Los Angeles, Sohu, U.S, Shanghai, Tianjin, Xinjiang, Guangzhou, Washington

☆ IRS Wins $109 Million Court Case, Defeats ‘Project Soy’ Tax Maneuver
▼ + stars: | 2023-11-02 | by ( Richard Rubin | ) www.wsj.com time to read: 1 min

The Internal Revenue Service has become more willing to argue that some corporate transactions are purely tax-motivated. Photo: Ting Shen for the Wall Street JournalThe Internal Revenue Service won a $109 million victory in federal court this week that will help the tax agency combat aggressive corporate tax maneuvers and collect more money from other companies. The IRS defeated telecommunications company Liberty Global , which used a maneuver it dubbed “Project Soy” to exploit a gap in the 2017 tax law and was seeking a refund.

Persons: Ting Shen Organizations: Internal Revenue Service, Wall Street, IRS, Liberty Global

☆ U.S. Orders Grand Canyon University to Pay Record $37.7 Million Fine
▼ + stars: | 2023-10-31 | by ( Gabriel T. Rubin | ) www.wsj.com time to read: 1 min

A fine against Grand Canyon University is the latest action by the Biden administration that aims to root out misbehavior by institutions connected to the federal student-loan system. Photo: Ting Shen for The Wall Street JournalThe Biden administration accused Grand Canyon University of misleading doctoral students about tuition costs, imposing its first significant punishment to a college on Tuesday. The Education Department ordered the Phoenix-based Christian school to pay a fine of $37.7 million, the largest ever of its kind. The school, which has an enrollment of more than 100,000 on-campus and online, will also need to comply with a series of special disclosure requirements for the next few years.

Persons: Biden, Ting Shen Organizations: Grand Canyon University, Wall Street, Education Department

☆ Student Loan Processor Mohela Punished for Millions of Late Billing Notices
▼ + stars: | 2023-10-30 | by ( Gabriel T. Rubin | ) www.wsj.com time to read: 1 min

The Education Department said that around 2.5 million borrowers didn’t receive billing statements from Mohela according to schedule. Photo: Ting Shen for The Wall Street JournalThe Education Department will withhold a $7.2 million monthly payment for a major student loan processor because it failed to send out timely billing notices to millions of borrowers. The Monday move against Mohela, the Missouri Higher Education Loan Authority, comes as the government and the contractors who handle the billing and repayment program enrollment for federal student loans struggle with returning 28 million borrowers to repayment after a more than three-year pandemic-era pause.

Persons: Ting Shen Organizations: Education Department, Wall Street, Mohela, Missouri Higher Education Loan Authority Locations: Missouri

☆ Former Inspectors of Public-Company Audits Say Process Needs Retooling
▼ + stars: | 2023-10-26 | by ( Mark Maurer | ) www.wsj.com time to read: 1 min

The Public Company Accounting Oversight Board is in the middle of a transformation under Chair Erica Williams, who took the helm in January 2022. Photo: Ting Shen for The Wall Street JournalThe process to inspect the audits of U.S. public companies needs an upgrade, according to some of the people who should know best—former inspectors who did the work over the last two decades. Former inspectors of the U.S. auditing watchdog say inspections are a useful tool for detecting potential deficiencies in audits of public companies, but that public reports on the process are limited in scope, lack details and not released in a timely fashion.

Persons: Erica Williams, Ting Shen Organizations: Public Company, Wall Street

☆ China's new bonds to help economic recovery, official says, as budget deficit rises
▼ + stars: | 2023-10-25 | by ( ) www.reuters.com time to read: +3 min

REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsBEIJING, Oct 25 (Reuters) - China's new sovereign bonds will help bolster the economic recovery, China's vice finance minister Zhu Zhongming said on Wednesday, as the government's stepped-up fiscal stimulus sharply raises its budget deficit. The government's debt level is still within a reasonable range, the minister said, without giving details. Analysts at UBS expect the government to raise its budget deficit and special local bond quotas for 2024, alongside further cuts in interest rates and bank reserve requirement ratios. China's parliament has also approved a bill to allow local governments to front load part of 2024 local bond quotas. Local governments had been told to complete the issuance of the 2023 quota of 3.8 trillion yuan in special local bonds by September to fund infrastructure projects.

Persons: Dado Ruvic, Zhu Zhongming, Zhu, Ting Lu, Ellen Zhang, Kevin Yao, Christopher Cushing Organizations: REUTERS, Rights, Nomura, UBS, Thomson Locations: Rights BEIJING, Beijing, China

☆ Why China's 1 trillion yuan debt plan isn't necessarily such a big deal
▼ + stars: | 2023-10-25 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +6 min

Kim Kyung-Hoon | ReutersBEIJING — Chinese authorities late Tuesday announced one of the biggest changes to the national budget in years, along with the issuance of 1 trillion yuan in ($137 billion) in government bonds. Chinese state media said the 1 trillion yuan in central government issuance is set to be transferred to local governments in two parts, half for this year and half for next year. "It is roughly around 5% of transfer revenues or 2% of total revenues for the local governments," Yin said. "Note a special program has already been started since October, allowing local governments to issue special refinancing bonds to swap their outstanding hidden debt. Goldman Sachs analysts estimated the early issuance could be as much as 2.7 trillion yuan, based on prior government practice.

Persons: Kim Kyung, Hoon, Larry Hu, it's, Ting Lu, Yin, Nomura's Lu, Ricky Tsang, they're, Tsang, —, Goldman Sachs, Macquarie's Hu, It's Organizations: Reuters, Macquarie, Monetary Fund, People's Bank of Locations: Beijing, Reuters BEIJING, China, Hong Kong, People's Bank of China

☆ As U.S. Debt Surges, Europe Brings Its Own Under Control
▼ + stars: | 2023-10-22 | by ( Paul Hannon | ) www.wsj.com time to read: 1 min

Rep. Thomas Massie, a Republican from Kentucky, wears a homemade national debt clock pin on Capitol Hill in January. Photo: Ting Shen/Bloomberg NewsThroughout the Covid-19 pandemic and then Russia’s invasion of Ukraine, both the U.S. and Europe borrowed heavily. Now with those emergencies in the rear-view mirror, a divergence has emerged: Even as the U.S. continues to let deficits rip, Europe’s are on track to narrow significantly. This is in contrast to a decade ago, when deficits in the wake of the global financial crisis pushed some members of the euro area to the brink of default. The lessons of that episode, coupled with eurozone rules, have served to impose discipline on European governments that for now is entirely absent in the U.S.

Persons: Thomas Massie, Ting Shen Organizations: Republican, Bloomberg, U.S Locations: Kentucky, Ukraine, Europe, U.S

☆ China's troubled property sector to face more debt defaults
▼ + stars: | 2023-10-20 | by ( Xie Yu | ) www.reuters.com time to read: +3 min

HONG KONG, Oct 20 (Reuters) - More debt defaults are likely to emerge in China's property sector as troubled developers struggle with a weak home sales outlook, while fund raising remains challenging, according to credit analysts. Counting October, there is a total of $60.5 billion worth of Chinese property bonds due in the next 6 months, with offshore bonds taking up at least one third of it, according to Dealogic data. The company said it was also prepared to formulate a reasonable debt repayment plan if it fails to repay bonds as they are due. Ricky Tsang, an analyst with S&P Global Ratings, said apart from the weak cash flow from home sales, fund raising for developers, particularly the private ones, remains tight. Reporting by Xie Yu in Hong Kong, Editing by Raju GopalakrishnanOur Standards: The Thomson Reuters Trust Principles.

Persons: Ting Meng, Ricky Tsang, Tsang, Xie Yu, Raju Gopalakrishnan Organizations: HK, Ocean Group, Hong Kong Exchange, Dalian Wanda Group, Bloomberg, ANZ Bank China, Developers, Thomson Locations: HONG KONG, China, State, HK, Hong Kong

☆ Regret Claiming That Pandemic Employer Tax Credit? IRS Now Lets You Take It Back
▼ + stars: | 2023-10-19 | by ( Richard Rubin | ) www.wsj.com time to read: 1 min

The IRS move is part of the agency’s attempt to combat fraud and abuse in the tax credit, known as the ERC. Photo: Ting Shen for the Wall Street JournalWASHINGTON—The Internal Revenue Service opened an escape hatch from one of its major tax-enforcement campaigns, giving employers the ability to withdraw pending claims for a pandemic-era tax credit that has become a headache for the agency. Employers who haven’t received their refunds or cashed their checks for the employee-retention credit can now withdraw their claims without penalties or interest, even if they are already under audit. If the IRS accepts their withdrawal, it would effectively end an audit.

Persons: Ting Shen, haven’t Organizations: IRS, ERC, Wall Street Journal WASHINGTON, Internal Revenue Service, Employers

☆ China's Q3 GDP seen slowing as Beijing races to revive growth
▼ + stars: | 2023-10-17 | by ( Kevin Yao | ) www.reuters.com time to read: +3 min

Gross domestic product (GDP) likely grew 4.4% in July-September from a year earlier, according to economists polled by Reuters, slowing from the 6.3% pace in the second quarter. Separate data on September activity is expected to show retail sales growth picking up but factory output slowing. Economic growth is seen hitting 5.0% this year, according to the poll, broadly in line Beijing’s full-year target, before slowing to 4.5% in 2024. For its part, the central bank is constrained by how much it can ease monetary policy due to worries about adding pressure on the yuan, which has tumbled 5.7% this year. The central bank cut the RRR in September to boost liquidity and support the economic recovery, its second reduction this year.

Persons: Thomas Peter, ”, Ting Lu Organizations: Central Business District, REUTERS, Gross, Reuters, Nomura Locations: BEIJING, Beijing, China

REUTERS/Thomas Peter/File Photo Acquire Licensing RightsHONG KONG/SHANGHAI, Oct 17 (Reuters) - China's Gemdale (600383.SS) saw its stocks and bonds plunge on Tuesday after the resignation of its chairman, as investors took no chances amid the debt crisis in the key real estate sector. However, investors concerned about the broader debt problems in China's property sector sold off the stock, which dropped by the daily 10% limit in afternoon trading in Shanghai. Gemdale has a total debt of 21.1 billion yuan ($2.88 billion) in the form of bonds due by the end of 2024, according to LSEG data. It ranked as China's 8th largest developer last year, according to private research firm China Real Estate Information Corp. It had sales of 221.8 billion yuan ($30.3 billion) last year and its financial fundamentals were stable, the company said in its annual report published in April.

Persons: Thomas Peter, Ling Ke, Gemdale, Huang Juncan, Ting Meng, Xie Yu, Li Gu, Edwina Gibbs, Miral Organizations: REUTERS, ANZ Bank China, Estate Information Corp, Thomson Locations: Beijing, China, HONG KONG, SHANGHAI, Shanghai, Hong Kong

Tiny but bountiful, Antarctic krill make up one of the planet’s largest biomasses, nourishing everything from fish to marine mammals and seabirds. At Steinberg’s lab, researchers are examining how warming oceans — Antarctic krill need water colder than 4 degrees Celsius (39 Fahrenheit) to survive — are altering krill’s life cycle. However, a leading marine biologist the industry once relied on to burnish its environmental credentials has since denounced krill fishing. She accepted with the hope that she could help mitigate the effects of krill fishing on the Antarctic ecosystem. Today, she believes that krill fishing should be banned.

Persons: “ What’s, ”, Alistair Allan, Bob, it’s, Santa Cruz, Deborah Steinberg’s, ” Steinberg, Emma Cavan, Steinberg, Claire Christian, “ It’s, aren’t, Dirk Welsford, Matts Johansen, ” Johansen, Kjell Inge Røkke, Brett Glencross, “, Jesse Trushenski, Trushenski, Johansen, William Harris, he’s, Javier Arata, Helena Herr, CCAMLR, Ari Friedlaender, ” Friedlaender, Peter Hammarstedt, JoNel, Helen Wieffering, Fu Ting Organizations: Bob Brown Foundation, Soviet Union, Associated Press, Shepherd, Walton Family Foundation, AP, University of California, Virginia Institute of Marine Science, World Wildlife Fund, Imperial College London, Commission, Conservation, Antarctic Marine Living Resources, Antarctic, Southern Ocean Coalition, U.S, United Nations, Antarctic Provider, Aker BioMarine, Aker, Aker ASA, National Institutes of Health, University of South, Association, Pew, University of Hamburg, Foods, Amazon, Wildlife Fund, LCA, Sea Shepherd, Washington , D.C Locations: Antarctica, Chilean, Alaska, U.S, Soviet, Russia, China, South America, Orkney, Norwegian, Santa, Cavan, Tasmania, It’s, Washington, Moscow, Beijing, Texas, Australian, Montevideo, Uruguay, dwarfing, Norway, American, Europe, Canada, Australia, Houston, Aker, Oslo, Brussels, Boise , Idaho, University of South Dakota, Salt Lake City , Utah, Santa Cruz, Virginia, Peruvian, Ski, Los Angeles, Washington ,, Investigative@ap.org

☆ Taiwan Sets up Task Force to Study Israel-Hamas War
▼ + stars: | 2023-10-11 | by ( Oct. | At P.M. | ) www.usnews.com time to read: +3 min

Chiu, asked by reporters at parliament about what lessons Taiwan has learned from Israel's conflict with Palestinian Hamas militants, said the ministry had set up a task force to monitor the situation. Taiwan holds presidential and parliamentary elections in January, which the main opposition party, the Kuomintang (KMT), has cast as a choice between war and peace. The KMT has accused the ruling Democratic Progressive Party (DPP) of taking Taiwan to the brink of war by intentionally provoking China, which it strongly denies. Senior DPP lawmaker Wang Ting-yu, responding on his Facebook page, criticised the KMT for not condemning China and its threats against Taiwan. Israel is an even smaller nation than Taiwan and likewise lives under constant threat," he told an audience that included Taiwan Foreign Minister Joseph Wu.

Persons: Yimou Lee, Ben Blanchard, Chiu Kuo, cheng, heightening, Chiu, Tsai Ing, Eric Chu, Chu, Wang Ting, Wang, Tsai, Scott Morrison, Joseph Wu, Gerry Doyle Organizations: Defence, Taiwan, Kuomintang, KMT, Democratic Progressive Party, Sunday, Beijing, Taiwan Foreign, Stockholm International Peace Research Institute Locations: Ben Blanchard TAIPEI, Taiwan, Israel, China, Beijing, Hamas, Palestinian, Australian, Taipei, Stockholm

☆ Opening iconic New York City streets to pedestrians meant an extra $3 million in spending last year — and helped save local businesses during the pandemic
▼ + stars: | 2023-10-11 | by ( Juliana Kaplan | Eliza Relman | ) www.businessinsider.com time to read: +6 min

Last year, New York City opened Fifth Avenue as a pedestrian street on December weekends. During the 2022 holiday season, New York City Mayor Eric Adams turned an 11-block stretch of the iconic Fifth Avenue into an "open street" for three weekends in December. This is just the latest example highlighting New York City's efforts to pedestrianize busy corridors. At the same time, Open Streets saw the number of businesses on them grow by 10%, while non-pedestrianized streets saw a 20% decrease in the number of businesses. However, there are downsides to Open Streets in New York City.

Persons: —, Eric Adams, Adams, That's, he's, Ting Liu, Tom Harris Organizations: New York City, Service, Mastercard, New, Office of Technology, Innovation, Bloomberg Associates, Times, Times Square Alliance, Columbia University Mailman School of Public Health Locations: New York, Midtown, New, —, Astoria, Queens, New York City

☆ The fate of this consumer watchdog is in the hands of the Supreme Court
▼ + stars: | 2023-10-03 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +6 min

New York CNN —On Tuesday, the Supreme Court began hearing oral arguments in a case that will determine the fate of the Consumer Financial Protection Bureau. The Supreme Court will have the final say on that, however. The consumer watchdog agency was created after the 2008 financial crisis by way of the Dodd-Frank Wall Street Reform and Consumer Protection Act. If the Supreme Court finds the CFPB’s funding structure unconstitutional, it could shutter the agency and invalidate all of its prior rulings. From listening to the case on Tuesday, though, Lynyak believes the Supreme Court will rule that the CFPB’s funding structure is constitutional.

Persons: Dodd, Frank Wall, Democratic Sen, Elizabeth Warren, Ting Shen, Wells, Sam Gilford, ” There’s, Joseph Lynyak III, Lynyak, ”, Noel Francisco, Francisco, “, Sonia Sotomayor, Amy Coney Barrett Organizations: New, New York CNN, Supreme, Consumer Financial, Bureau, Community Financial Services Association of America, Appeals, Fifth Circuit, Frank Wall Street Reform, Consumer, Democratic, Harvard Law School, Federal Reserve, Bloomberg, Getty, “, Mortgage Bankers Association, National Association of Homebuilders, National Association of Realtors, Bank of America, Court, Federal Deposit Insurance Corporation, Congressional, CNN, Dorsey & Whitney, Republican Locations: New York, New Orleans, United States

☆ US lawmaker Phillips, eyeing 2024 challenge to Biden, leaves House leadership role, Axios reports
▼ + stars: | 2023-10-01 | by ( ) www.reuters.com time to read: 1 min

Rep. Dean Phillips speaks when U.S. Secretary of State Antony Blinken testifies before the House Committee on Foreign Affairs on The Biden Administration's Priorities for U.S. Foreign Policy on Capitol Hill in Washington, DC., U.S., March 10, 2021. Ting Shen/Pool via REUTERS/File Photo Acquire Licensing RightsWASHINGTON, Oct 1 (Reuters) - Democratic U.S. Representative Dean Phillips, who has floated a possible primary run against President Joe Biden for the 2024 election, has stepped down from his leadership role in the House of Representatives, Axios reported on Sunday, citing a statement. Reporting by Gram Slattery; editing by Grant McCoolOur Standards: The Thomson Reuters Trust Principles.

Persons: Dean Phillips, Antony Blinken, Ting Shen, Joe Biden, Axios, Gram Slattery, Grant McCool Organizations: Foreign Affairs, The Biden, . Foreign, Rights, Democratic U.S, Representatives, Thomson Locations: Washington ,

☆ U.S. Warns Professional Services Firms of China Risks
▼ + stars: | 2023-09-27 | by ( Richard Vanderford | ) www.wsj.com time to read: 1 min

The State Department building in Washington. The department and other U.S. government agencies issued the joint advisory Tuesday. Photo: Ting Shen for The Wall Street JournalDue-diligence companies and professional-services firms should weigh the risks of operating in China, the Biden administration said in an advisory that highlighted the continuing rift between the two countries as the U.S. cracks down on goods from China’s Xinjiang region that it says are linked to forced labor.

Persons: Ting Shen, Biden Organizations: Department, Wall Locations: Washington, China, U.S, China’s Xinjiang

☆ U.S. to sanction five Turkey-based firms over accusations of Russia support
▼ + stars: | 2023-09-14 | by ( ) www.cnbc.com time to read: +2 min

Russian President Vladimir Putin grimaces during his joint press conference with Turkish President Recep Tayyip Erdogan (not pictured), September 4,2023, in Sochi, Russia. Getty ImagesThe Biden administration is set to impose sanctions on five Turkish companies and a Turkish national on Thursday, accusing them of helping Russia evade sanctions and supporting Moscow in its war against Ukraine, a senior Treasury official said. Multiple senior U.S. officials, including Deputy Treasury Secretary Wally Adeyemo, have traveled to Turkey since Russia's February 2022 invasion of Ukraine as part of a pressure campaign to prevent any Turkish companies from helping Russia circumvent U.S. curbs. Wally Adeyemo, deputy U.S. Treasury secretary, speaks during a news conference at the Department of Justice in Washington, D.C., U.S., on Monday, Nov. 8, 2021. "These designations reflect our ongoing commitment to target individuals and entities who provide material support to sanctioned entities," the official added.

Persons: Vladimir Putin grimaces, Recep Tayyip Erdogan, Biden, reconvenes, Wally Adeyemo, Ting Shen, we've Organizations: Turkish, Getty, Treasury, NATO, U.S, Department of Justice, Washington , D.C, Bloomberg Locations: Sochi, Russia, Moscow, Ukraine, Turkey, Washington, Ankara, Sweden, United States, Sea, Washington ,, Turkish

Hong Kong CNN —China on Tuesday unveiled a plan to deepen integration between the coastal province of Fujian and self-governing Taiwan, touting the benefits of closer cross-strait cooperation while sending warships around the island in a show of military might. The document, hailed as a “blueprint” of Taiwan’s future development by Chinese experts cited in state media, comes at a delicate moment in cross-strait relations as Taiwan gears up for its presidential election in January. Ahead of Beijing’s release of its integration plan, a Chinese aircraft carrier and around two dozen Chinese warships were spotted gathering in waters near Taiwan this week, according to Taiwanese authorities. Fujian, a province of 40 million people on the western side of the Taiwan Strait, is the closest to Taiwan both geographically and culturally. In Tuesday’s directive, Beijing pledges to further speed up integration between the city of Xiamen and Kinmen – which are only a few miles apart.

Persons: Wang Ting, ” Wang, “, China’s, Kinmen, ” Organizations: Hong Kong CNN, Communist Party’s Central, State, Communist Party, Democratic Progressive Party, Taiwan, Mainland Affairs Council, CNN, Times Locations: Hong Kong, China, Fujian, Taiwan, Beijing, Kinmen, Xiamen, Fuzhou, Matsu, Taipei

☆ Country Garden gets maturity extension approval for one more onshore bond - sources
▼ + stars: | 2023-09-13 | by ( ) www.reuters.com time to read: +3 min

The company logo of Chinese developer Country Garden is pictured at the Shanghai Country Garden Center in Shanghai, China August 9, 2023. Shares in Country Garden, China's largest private property developer, jumped as much as 14% in Hong Kong on Wednesday. A Country Garden spokesperson did not immediately respond to Reuters' request for comment on the maturity extension of the bond. Before the latest voting to extend the maturities of eight onshore bonds, Country Garden managed to avoid default at the last minute twice earlier this month, bringing some relief to the battered property sector. Of those eight Country Garden bonds, maturity extensions for six have been approved, Reuters reported on Tuesday, citing sources.

Persons: Aly, Ting Meng, Shuyan Wang, Jing Bian, Xie Yu, Sumeet Chatterjee, Tom Hogue Organizations: Shanghai Country Garden, REUTERS, Rights, Reuters, Garden, Country Garden, ANZ, Thomson Locations: Shanghai, China, Rights BEIJING, HONG KONG, HK, Hong Kong, Beijing

☆ Google engaged in a monopolistic feedback loop to maintain search dominance, DOJ alleges in first day of trial
▼ + stars: | 2023-09-12 | by ( Lauren Feiner | ) www.cnbc.com time to read: +12 min

That popularity, the company says, is why browser and phone makers have chosen Google as their default search engine through revenue sharing agreements. It will also hear from Apple's Senior Vice President of Services Eddy Cue and Mozilla CEO Mitchell Baker, Google's lawyer said. Following opening statements, the DOJ lawyer questioned its first witness, as it begins what's known as its "case-in-chief." But it's important browsers pick the right search default, Schmidtlein said, as Mozilla learned when it switched its default from Google to Yahoo in 2014. WATCH: DOJ takes on Google in antitrust lawsuit over Google Search

Persons: Jonathan Kanter, Kevin Dietsch, Sundar Pichai, Services Eddy, Mitchell Baker, Google's, Sridhar Ramaswamy, Neeva, Hal Varian, Ting Shen, Varian, Kenneth Dintzer, Dintzer, Ditzner, Patterson Belknap Webb, William Cavanaugh, Joan Braddi, Braddi, Siri, Cavanaugh, Kent Walker, Williams, Connolly's John Schmidtlein, Schmidtlein, Denelle Dixon, Apple Organizations: Antitrust, Department of Justice, Getty, Google, Colorado, Washington , D.C, Apple's, Services, Mozilla, DOJ, AGs, Google Inc, Bloomberg, Microsoft, Federal Trade Commission, Apple, Samsung, Branch, Global Affairs, Inc, Yahoo, TechCrunch, CNBC, YouTube Locations: Washington , DC, Washington ,, Snowflake, Colorado, Siri

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