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☆ Boeing shares fall after new Dreamliner delivery halt
▼ + stars: | 2023-02-24 | by ( ) www.reuters.com time to read: +2 min

Feb 24 (Reuters) - Boeing Co (BA.N) shares fell 3.2% in premarket trading on Friday after the U.S. planemaker temporarily halted deliveries of its 787 Dreamliner jets over a documentation issue related to a fuselage component. Some analysts said the latest hiccup in 787 deliveries should not result in any design changes and jets in service should continue to fly. Seifman said the brokerage believes this should not result in additional rework and that Boeing can produce the required documentation fairly quickly. Since the resumption of deliveries, production of the 787 has experienced some disruptions as the planemaker battles supply and labor shortages. Earlier this month, Spirit said the process of retrofitting stored fuselages for the 787 jets was taking longer than expected.

After Russia invaded Ukraine, the West formed what looked like an overwhelming global coalition: 141 countries supported a United Nations measure demanding that Russia unconditionally withdraw. South Korea Indonesia Israel Thailand Japan Saudi Arabia Philippines Afghanistan CambodiaBy contrast, Russia seemed isolated. Eritrea “Russian actions are being distorted” North Korea Russia Belarus Syria Eritrea “Russian actions are being distorted” North Korea Russia Belarus SyriaBut the West never won over as much of the world as it initially seemed. But like many other African countries, South Africa appears careful to balance its growing ties with Russia against maintaining a relationship with the West. Others that provided Ukraine with military support have declined to impose economic sanctions on Russia.

China’s official count 0 2.5 million 83,150 deaths Model based on Shanghai outbreak 1.6 million deaths LOW ESTIMATE HIGH ESTIMATE Estimate using travel patterns 970,000 deaths Estimate using recent testing data 1.5 million deaths Estimate based on U.S. death rates 1.1 million deaths China’s official count 0 2.5 million 83,150 deaths Model based on Shanghai outbreak 1.6 million deaths LOW EST. But China’s official Covid death toll for the entire pandemic remains strikingly low: 83,150 people as of Feb. 9. Four separate academic teams have converged on broadly similar estimates: China’s Covid wave may have killed between a million and 1.5 million people. Why official data underrepresents China’s outbreak83,150 deaths China’s official count on Feb. 9 0 2.5M 83,150 deaths China’s official count on Feb. 9 0 2.5 millionChina has a narrow definition of what counts as a Covid-19 death. But the work was unwavering in its ultimate conclusion: Ending the “zero Covid” policy was likely to overwhelm the health care system, producing an estimated 1.6 million deaths.

MethodologyThe 3-D scene was created using photographs of the venue for reference. The positions of the players were determined from a photograph taken at that moment during the play. The player models were created using a machine learning model called ICON, which was created by Yuliang Xiu, Jinlong Yang, Dimitrios Tzionas, Michael J. Black and the Max Planck Institute. The models were refined manually using photographs as reference.

☆ Cowen names this little-known defense systems stock a top pick, says it can rally 40%
▼ + stars: | 2023-02-06 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

Aerospace and defense company Moog is Cowen's top small and medium-cap pick for 2023. Analyst Cai von Rumohr reiterated the stock's outperform rating, calling it a transition story with 40% upside from Friday's close. "Given Moog's strong position in attractive niche markets, we think this strategy makes lots of sense. However, von Rumohr believes that much of the company's risks have already abated. "The integrated satellite bus program entails risk; but risk is abating as Moog is 80% through software development.

☆ Defense firms set to post higher sales, McCarthy's election clouds outlook
▼ + stars: | 2023-01-23 | by ( Nathan Gomes | ) www.reuters.com time to read: +3 min

** Raytheon is expected to post quarterly revenue of $18.15 billion and a profit of 92 cents a share. ** General Dynamics is estimated to report quarterly revenue of $10.69 billion and a profit of $3.55 per share. ** Northrop is expected to report quarterly revenue of $9.66 billion and a profit of $6.58 per share. Median 12-month price target is $495. Median 12-month price target is $566.

☆ How China planted an FBI mole who was discovered only after gutting the CIA's vast spy network
▼ + stars: | 2023-01-18 | by ( James Bamford | ) www.businessinsider.com time to read: +25 min

At the time, four years after the handover from Britain to China, much of Hong Kong remained a world of neon and noise. "Five years ago, everyone looked down on you if you spoke Mandarin," said a Beijing executive living in Hong Kong. As soon as the Hong Kong Arts Festival ended, the Hong Kong International Film Festival began. In February 2006, Alex Ma, China's mole in the FBI, sent David photos he received from his handlers of five suspected human sources. Born in Hong Kong like Alex, Lee grew up in Hawaii and became a naturalized U.S. citizen.

☆ Founders growing meat in labs raised a huge $600 million in 2022. Check out the pitch deck used by Multus to raise $9.5 million to make slaughter-free growth serum.
▼ + stars: | 2023-01-16 | by ( Tasmin Lockwood | ) www.businessinsider.com time to read: +4 min

Lab-grown or cultivated meat is real meat grown from the cells of an animal in a controlled environment, as opposed to rearing and slaughtering said animals. It is now honing in on specific use cases to help cultivated meat manufacturers nail the taste and texture of their products. It expects to bring a range of products to market in 2023, including a growth media specifically for beef. The end goal is to also provide growth media for lab-grown dairy and leather. As well as off-the-shelf products, Multus takes advantage of data and automation to discover new growth media ingredients and formulations.

Exports, which constitute about 22% of the industry, have fallen for five months in a row - declining over 15% year-on-year in November to $3.1 billion. Domestic sales are sluggish despite strong growth in the overall economy because of high costs and cheap imported garments, manufacturers say. Reuters GraphicsIn the textile industry, manufacturers say higher domestic cotton prices and other costs have hit profit margins, while overseas orders for next summer are down by about one-third and domestic demand remains weak. "The government needs to scrap the 11% import duty on cotton so local textile mills can have a level playing field," Ganatra said. Reuters GraphicsFEAR OF JOB CUTSMany textile manufacturers, who have frozen hiring of workers, have warned of jobs cuts if the government fails to provide relief soon.

Mr. Trump has said that before leaving office he had declared the documents declassified, but so far, no credible evidence was found to support this. “Declassification is based on the determination that the information no longer would cause harm to national security if it were disclosed to people not otherwise entitled to access it,” said Mary McCord, a former acting assistant attorney general at the Justice Department.

☆ China shipyards feast on record LNG tanker orders as South Korea builders are full up
▼ + stars: | 2022-12-12 | by ( Chen Aizhu | ) www.reuters.com time to read: +7 min

Chinese shipyards this year won 45 LNG tanker orders worth an estimated $9.8 billion, about five times their 2021 order values, according to shipping data provider Clarksons Research. By late November, Chinese yards had grown their LNG order books to 66 from 21, giving them 21% of global orders worth around $60 billion. Still, Chinese yards received 19 foreign orders for LNG tankers this year and that number is likely to grow. "Chinese yards have become more attractive because of the South Korean backlog, as well as rising costs," said ICIS analyst Songer. Chinese yards' relationship with GTT also helps, he said.

☆ Late Chinese leader Jiang Zemin's ashes are scattered at mouth of Yangtze River
▼ + stars: | 2022-12-11 | by ( ) www.reuters.com time to read: +1 min

BEIJING, Dec 11 (Reuters) - The ashes of late Chinese leader Jiang Zemin were scattered into the sea at the mouth of the Yangtze River on Sunday, the state-run Xinhua news agency said. After arriving in Shanghai, the ashes were taken by hearse to the Wusong military port. Then Jiang's relatives escorted the ashes aboard the Yangzhou, a Chinese People's Liberation Army warship which was named after Jiang's hometown Yangzhou, Xinhua said. At the mouth of the Yangtze River, Jiang's widow Wang Yeping and other relatives, as well as Cai Qi, a senior Communist Party member, slowly scattered Jiang's ashes and colourful flower petals to the river and sea, it said. "Comrade Jiang Zemin devoted his life unreservedly to the motherland and the people," Xinhua said.

☆ China's Xi thanks late leader Jiang Zemin for ensuring party's survival from 'storms'
▼ + stars: | 2022-12-06 | by ( ) www.reuters.com time to read: +3 min

Li Xueren/Xinhua via REUTERSBEIJING, Dec 6 (Reuters) - Chinese President Xi Jinping paid tribute to former leader Jiang Zemin on Tuesday for ensuring the Communist Party's survival from "political storms" and reforming it to inject new vitality and modernise the country's economy. "In the late 1980s and early 1990s, serious political storms occurred at home and abroad, and world socialism experienced severe complications. Some Western countries imposed so-called 'sanctions' on China," Xi told an audience including China's top leadership and Jiang's direct successor Hu Jintao. But Jiang stepped forward to press reform and opening up, strengthen the party's ties with the people, engage in "diplomatic struggles" and upheld China's independence, dignity, security and stability, Xi added. Attendees at the ceremony all stood as Xi spoke, and wore white chrysanthemums, a traditional Chinese symbol for mourning.

☆ Chinese astronauts return to earth after 'successful' six-month mission
▼ + stars: | 2022-12-04 | by ( Martin Quin Pollard | ) www.reuters.com time to read: +1 min

BEIJING, Dec 4 (Reuters) - Three Chinese astronauts landed back on earth on Sunday on board the re-entry capsule of the Shenzhou-14 spacecraft, state broadcaster CCTV reported, bringing to an end a six-month mission on China's space station. Staff at the landing site carried out the exhausted-looking crew one by one and by just after 9 p.m. all three had safely exited the capsule, CCTV reported. A new crew of three fellow Chinese astronauts arrived at the space station aboard the Shenzhou-15 to take over from them on Wednesday. The space station represents a significant milestone in China's three-decades long manned space programme, first approved in 1992. It also flags the start of permanent Chinese habitation in space.

The much-respected Sight and Sound poll of the best films ever shows that what is valued onscreen has changed over time, sometimes radically. What are the greatest films of all time? But for many cineastes, a poll conducted once a decade by the British film magazine Sight and Sound has served as the gold standard since 1952. Roger Ebert once described the survey as “by far the most respected of the countless polls of great movies — the only one most serious movie people take seriously.”And for a very long time, the same “serious movies” got taken seriously decade after decade. The new list, however, marks several radical shifts from the accepted wisdom — and maybe, just maybe, from the idea of a “canon” altogether.

☆ Inside China's fight over the future of zero-COVID
▼ + stars: | 2022-12-02 | by ( David Stanway | ) www.reuters.com time to read: +10 min

After nearly three years, a significant loosening of zero-COVID measures has been signalled by senior government officials and public health experts. Vice Premier Sun Chunlan said on Thursday that China's health system had "withstood the test" of COVID, allowing further adjustments to state policies. "You can have zero-COVID, but you can't have a healthy economy, and you can have a healthy economy, but you can't have zero-COVID." Laura Yasaitis, a public health expert at the Eurasia Group think-tank who follows China's zero-COVID policies, said fear of the virus likely varied widely across the country, as well as within cities or provinces. Officials have repeatedly said that China's health system would be unable to cope with a surge in cases, with medical resources unevenly distributed across the country.

China's health authority said on Wednesday that it would aim to improve accessibility and launch targeted programmes in nursing homes and leisure facilities as part of a new vaccination drive among the over-60s. Public health experts say studies show that besides vaccination scepticism, the elderly have also been slow to take up the jab due to health, mobility and access. It would also deliver door-to-door vaccination services to those who are disabled or housebound and deploy specialist vaccination vehicles and temporary vaccination stations. Anger over China's zero-COVID policy, which has the world's toughest restrictions, has sparked protests across the country and prompted authorities to start easing some curbs. Especially for the elderly who haven't been vaccinated," said Shanghai resident Ye, who did not get vaccinated due to concerns over her health.

BEIJING—It has been nearly five years since police here told Henry Cai , a U.S. citizen from California, that he couldn’t leave China. Just before Christmas 2017, he was stopped at the airport at the end of a business trip. Mr. Cai later learned somebody was trying to force him to pay an outstanding debt of several million dollars owed by a Beijing company where he was a director and shareholder.

☆ On-the-job training is a useful perk that helps retain employees. Here's how to build an education program that benefits your business and workers.
▼ + stars: | 2022-11-11 | by ( Rachel Durose | ) www.businessinsider.com time to read: +5 min

On-the-job training and education programs can help businesses retain valuable workers. Here's how business leaders can create training programs at their companies. This article is part of Talent Insider, a series containing expert advice to help small business owners tackle a range of hiring challenges. "On-the-job training and education programs can play a pivotal role in sourcing and retaining employees." Oftentimes, on-the-job training isn't just a useful perk, but a necessary tool for retaining employees, three managers and company leaders told Insider.

Spreading lies, misinformation and doubt about the 2020 election have proven to be a winning strategy for many Republicans across the United States. The analysis identified more than 370 candidates who cast doubt in some way on the 2020 election. House Republican newcomer said the 2020 election was stolen House Republican newcomer questioned the 2020 election in other ways W y o . M o . T e x as T enn. A vast majority of states will have one or more Republicans who cast doubt on the 2020 election. More than a Dozen Skeptics Elected in the SenateThe 16 Republican skeptics elected so far include several who have outright denied the 2020 election, including J.D.

☆ ‘Sad, hurt, uncertain, disappointed, and now jobless’: Meta employees react to being laid off
▼ + stars: | 2022-11-09 | by ( Jyoti Mann | Grace Kay | ) www.businessinsider.com time to read: +3 min

The Meta CEO said he "got this wrong" and apologized to staff for over-investing in the company, calling the layoffs a "last resort." Much of Meta's recruiting team was impacted by the layoffs, as Zuckerberg said the company plans to freeze hiring. One former Meta recruiter, Brianna Sgro, took to LinkedIn to announce she was fired and wrote: "I'm sad, hurt, uncertain, disappointed, and now jobless." Many employees expressed their gratitude for being able to work at a company like Meta even as they faced broad layoffs. Below is a selection of LinkedIn posts and tweets from employees who were laid off from Meta:

☆ Xi shook up the power order in China, but the world should expect little change — because Xi is still the complete puppet master, 2 experts say
▼ + stars: | 2022-11-08 | by ( Matthew Loh | ) www.businessinsider.com time to read: +7 min

Last month, Xi Jinping announced who would join him to be the top seven officials in China. Kevin Frayer/Stringer/Getty ImagesBoosted to the second-in-command spot by Xi, Li is thought to be one of the president's closest protégés. Having been the lowest-ranked member of the previous standing committee, Zhao has jumped four positions to get to his current role. It indicates to me that Xi Jinping is satisfied with the work that Zhao has done," said Loh. "Xi Jinping makes it very clear.

Xi Jinping consolidated his power in China with a reshuffle of the politburo standing committee. He also used the event to unveil the new members of the politburo standing committee. He is a new entry to the standing committee, and at 60, is its youngest member. He is another new member of the politburo standing committee and will help lead the central commission for discipline inspection. He previously worked as the party leader in Yan'an, which once served as the headquarters of the party before it took control of the whole country.

☆ China launches third and final space station component
▼ + stars: | 2022-10-31 | by ( The Associated Press | ) www.nbcnews.com time to read: +4 min

BEIJING — China on Monday launched the third and final module to complete its permanent space station, realizing a more than decade-long endeavor to maintain a constant crewed presence in orbit. Many waved Chinese flags and wore T-shirts emblazoned with the characters for China, reflecting the deep national pride invested in the space program and the technological progress it represents. China’s crewed space program is officially three decades old this year. The U.S. excluded China from the International Space Station because of its military ties. Prior to launching the Tianhe module, China’s Manned Space Program launched a pair of single-module stations that it crewed briefly as test platforms.

Then, two men led Mr. Hu — who appeared reluctant to go — out of Beijing’s Great Hall of the People. Was Mr. Hu, 79, suffering from poor health, as Chinese state media would later report? When the aide finally succeeds in coaxing Mr. Hu from his chair, Mr. Li, the No. As the two aides begin guiding Mr. Hu away from his seat, the older leader stops to say something to Mr. Xi. The state broadcaster’s news program that night showed footage of Mr. Hu voting, and then his empty seat later in the ceremony, without explanation.

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