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☆ China imposes further sanctions on Taiwan's U.S. representative
▼ + stars: | 2023-04-07 | by ( ) www.cnbc.com time to read: +2 min

China has imposed further sanctions on Hsiao Bi-khim, Taiwan's de facto ambassador to the United States, prohibiting her and family members from entering the mainland, Hong Kong and Macao, state media reported on Friday. The sanctions, announced by China's Taiwan Affairs Office, also prohibit investors and firms related to Hsiao from cooperating with mainland organizations and individuals. They come after Taiwanese President Tsai Ing-wen's meeting with U.S. House Speaker Kevin McCarthy during a stopover in the United States this week. Others on the August sanctions list also include Taiwan foreign minister Joseph Wu and Secretary-General of Taiwan's National Security Council Wellington Koo, and DPP politicians. Chinese sanctions will have little practical impact as senior Taiwanese officials do not visit China while Chinese courts do not have jurisdiction in Taiwan.

"Wow, the PRC (People's Republic of China) just sanctioned me again, for the second time," Hsiao tweeted in response to the announcement. Taiwan's Foreign Ministry reacted angrily, saying China had no right to "butt in" when it came to Tsai's overseas trips and that Beijing was "deceiving itself" if it thought the sanctions would have any effect. China has also banned the leaders from entering the country, and frozen any properties they have in China, it said. Chinese sanctions will have little practical impact as senior Taiwanese officials do not visit China while Chinese courts do not have jurisdiction in Taiwan. Others on the August sanctions list include Taiwan Foreign Minister Joseph Wu; Wellington Koo, Secretary-General of Taiwan's National Security Council; and DPP politicians.

☆ China imposes further sanctions on Taiwan's US representative
▼ + stars: | 2023-04-07 | by ( ) www.reuters.com time to read: +2 min

BEIJING/TAIPEI, April 7 (Reuters) - China has imposed further sanctions on Hsiao Bi-khim, Taiwan's de facto ambassador to the United States, prohibiting her and family members from entering the mainland, Hong Kong and Macau, state media reported on Friday. The sanctions, announced by China's Taiwan Affairs Office, also prohibit investors and firms related to Hsiao from cooperating with mainland organisations and individuals. They come after Taiwanese President Tsai Ing-wen's meeting with U.S. House Speaker Kevin McCarthy during a stopover in the United States this week. Others on the August sanctions list also include Taiwan foreign minister Joseph Wu and Secretary-General of Taiwan's National Security Council Wellington Koo, and DPP politicians. Chinese sanctions will have little practical impact as senior Taiwanese officials do not visit China while Chinese courts do not have jurisdiction in Taiwan.

TAIPEI, April 6 (Reuters) - Taiwan officials and defence analysts are bracing for intensifying pressure on the "median line" that has for decades helped keep the peace in the Taiwan Strait as China begins inspecting civilian shipping across the waterway. "As long as they are ships hoisting our country's flag they are all a part of our territory," he said. Taiwan's military will not allow China to "unilaterally" board Taiwanese ships, he said. A senior Taiwan official familiar with security planning said Taiwan would not allow China to board ships in the Taiwan Strait and that Taiwan's coast guard and military would jointly respond if China made a move to do so. Chinese state television broadcast live pictures of the Haixun 6 on patrol, including shaky footage of a Taiwanese coast guard ship shadowing it in the distance.

April 5 (Reuters) - Chipotle Mexican Grill Inc sued fast-casual dining rival Sweetgreen Inc in California federal court Tuesday, claiming the salad chain's new "Chipotle Chicken Burrito Bowl" violates its trademark rights. Chipotle's lawsuit said Sweetgreen's "very similar and directly competitive" bowl is an attempt to capitalize on the Chipotle brand and likely to confuse consumers. Chipotle said it suggested changing the name to something that uses "chipotle in lower-case, in a textual sentence, to accurately describe ingredients of its menu item," like a "chicken bowl with chipotle." Chipotle asked the court for an order blocking Sweetgreen from using the "Chipotle" name and an unspecified amount of money damages. The case is Chipotle Mexican Grill Inc v. Sweetgreen Inc, U.S. District Court for the Southern District of California, No.

☆ Chipotle is suing Sweetgreen over its use of the word 'chipotle' while promoting a new burrito bowl
▼ + stars: | 2023-04-05 | by ( Alex Bitter | ) www.businessinsider.com time to read: +4 min

Sweetgreen's chipotle chicken burrito bowl is the subject of a lawsuit filed Tuesday by Chipotle. The Mexican chain's complaint centers on the "chipotle-chicken burrito bowl," which Sweetgreen added to its menu last month. Chipotle's issue isn't that Sweetgreen used the word "chipotle" alone, the company said in a complaint filed Tuesday in U.S. District Court in Southern California. One example cited in the complaint shows a sign that Sweetgreen uses to promote the burrito bowl. A portion of Chipotle's complaint against Sweetgreen shows a Sweetgreen sign promoting the chipotle-chicken burrito bowl, with the word "chipotle" in all-caps and against a red background.

☆ Sweetgreen stock falls after Chipotle sues for trademark infringement over burrito bowl
▼ + stars: | 2023-04-05 | by ( Amelia Lucas | ) www.cnbc.com time to read: +2 min

Sweetgreen 's stock fell 10% in morning trading Wednesday after Chipotle Mexican Grill filed a lawsuit against the salad chain alleging trademark infringement over its new "Chipotle Chicken Burrito Bowl." Chipotle filed the suit in California federal court Tuesday, less than a week after Sweetgreen launched the menu item. Chipotle said in its complaint that it sent Sweetgreen a cease and desist notice and asked the company to drop "chipotle" from the name when it heard about the Chipotle Chicken Burrito Bowl, but Sweetgreen never responded. Sweetgreen's website features the product name larger than any other identifying feature that ties it back to Sweetgreen, Chipotle argues in the complaint. In addition to asking the court for an injunction against Sweetgreen, Chipotle is also asking for the profits that Sweetgreen earns from the Chipotle Chicken Burrito Bowl.

☆ DeSantis says Florida won't help extradite Trump even though it's required by US Constitution
▼ + stars: | 2023-03-31 | by ( Kimberly Leonard | Jacob Shamsian | ) www.businessinsider.com time to read: +6 min

DeSantis pledged Florida wouldn't be involved in an extradition to New York, given that Trump lives in Palm Beach. Ron DeSantis of Florida pledged Thursday that state officials would not help extradite former President Donald Trump from Florida to New York in a charged political attack on the prosecutor, following the first-ever indictment of a former president. The Florida extradition statute describes two ways of extraditing people from Florida to another state where they face criminal charges. The governor's only role is making sure the demand meets all the legal requirements before ordering the extradition, legal experts told Insider. He could also delegate and let another member of the Florida executive branch sign off on Hochul's extradition demand.

☆ No, Ron DeSantis can't stop Donald Trump's extradition from Florida to New York. Here's what happens now that he's been indicted.
▼ + stars: | 2023-03-30 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +12 min

Ron DeSantis can't stop extradition from Trump's home in Florida, but he could slow the process. DeSantis can't stop Trump's extradition, but he could slow it downThe standard method of interstate extradition in Florida, according to Holder and Bachner, involves the governors of each state. DeSantis is then required to make sure the indictment is valid before ordering Trump's extradition from Florida. The Florida extradition statute describes the governor's role as simply making sure the extradition demand meets all the legal requirements. It's unlikely that DeSantis will look too closely under the hood of the indictment, Bachner told Insider before news of the grand jury vote Thursday.

☆ Taiwan, China must do 'everything possible' to avoid war- former president Ma
▼ + stars: | 2023-03-30 | by ( ) www.reuters.com time to read: +3 min

[1/3] Former Taiwanese president Ma Ying-jeou meets the head of China's Taiwan Affairs Office of the State Council Song Tao, in Wuhan, Hubei province, China in handout picture released March 30, 2023. Ma Ying-jeou's Office/Handout via REUTERSTAIPEI, March 30 (Reuters) - Taiwan and China must do everything possible to avoid war and it is the responsibility of both sides' leaders to ensure peace, former Taiwan President Ma Ying-jeou told a senior Chinese official on Thursday. Ma arrived in China on Monday, the first time a former or sitting Taiwanese president has visited the country since the defeated Republic of China government fled to Taiwan in 1949 after losing a civil war to Mao Zedong's communists. "The two sides must maintain exchanges, cooperate together, and do everything possible to avoid war and conflict." Ma, who was in office from 2008-2016, met Chinese President Xi Jinping in Singapore in late in 2015 shortly before current Taiwan President Tsai Ing-wen was elected.

BEIJING/TAIPEI, March 29 (Reuters) - China threatened to retaliate on Wednesday if U.S. House Speaker Kevin McCarthy meets Taiwan President Tsai Ing-wen during her planned transit of the United States next month, saying any such move would be a "provocation". China, which claims democratically-ruled Taiwan as its own territory, has repeatedly warned U.S. officials not to meet Tsai, viewing it as support for the island's desire to be seen as a separate country. China staged war games around Taiwan last August when then-U.S. House Speaker Nancy Pelosi visited Taipei, and Taiwan's armed forces have said they are keeping watch for any Chinese moves when Tsai is abroad. While not officially confirmed, she is expected to meet McCarthy while in California, at the end of her trip. The United States says such transits by Taiwanese presidents are routine and that China should not use Tsai's trip to take any aggressive moves against Taiwan.

☆ Chipotle will pay a $240,000 penalty — roughly 1% of its daily revenue— for shutting down a store that tried to unionize
▼ + stars: | 2023-03-27 | by ( Alex Bitter | ) www.businessinsider.com time to read: +3 min

The settlement is equivalent to the global revenue that Chipotle made in 15 minutes last year. The employees filed a petition to form a union last June — the first time Chipotle employees had taken that step. The payment will be split among the former location's employees, who will receive between $5,800 and $21,000 each based on their seniority, pay rate, and other factors, per the Journal. That math is based on Chipotle locations operating daily, and doesn't include locations closed on major holidays. Under the settlement, Chipotle will also offer the employees "preferential hiring" if they pursue jobs at the company's other locations in Maine.

☆ US amphibious assault ship joins drills in South Korea
▼ + stars: | 2023-03-23 | by ( Soo-Hyang Choi | ) www.reuters.com time to read: +2 min

BUSAN, South Korea, March 23 (Reuters) - South Korean and U.S. troops launched their largest amphibious landing drills in years involving a U.S. amphibious assault ship, officials said on Thursday, a day after North Korea tested four long-range cruise missiles. About 12,000 sailors and marines from the two countries will take part, as will 30 warships, 70 aircraft and 50 amphibious assault vehicles, the South Korean military said. Hours before the ship docked, North Korea fired four cruise missiles off its east coast, South Korea said, in apparent protest of ongoing drills by the U.S. and South Korea. The ship's welldeck, which can be flooded to provide direct access to the sea, allows it to launch and recover landing craft and other amphibious vehicles, the U.S. military said. South Korea and the U.S. say the exercises are purely defensive.

☆ Why Goldman Sachs alumni are being hoovered up by elite hedge funds like Citadel and Millennium
▼ + stars: | 2023-03-21 | by ( Alex Morrell | ) www.businessinsider.com time to read: +14 min

In November, one of the world's most consequential hedge funds announced a shake-up at the top of its power structure. In an internal memo, the founder of Millennium Management, Izzy Englander, said that Bobby Jain would be vacating the co-CIO role. "You can't readily find that managerial experience at other hedge funds and Goldman is a perfect place to look for those people." 8 former Goldman Sachs leaders are now Millennium execsEnglander isn't alone — firms rarely are in the copycat world of multistrats. In a statement to Insider, Abbey Collins, a spokesperson for Goldman Sachs, said, "Goldman Sachs has always been and remains a talent magnet.

☆ This credit card debt payoff strategy may sound 'too good to be true,' but it could save you thousands
▼ + stars: | 2023-03-21 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +3 min

If you don't know what a credit card balance transfer is, you're not alone. Say you have $5,805 in credit card debt, the average amount Americans hold, according to TransUnion. If you want to qualify for one, you need a good to excellent credit score. Pitfalls of credit card balance transfers to avoidThere are a few downsides to balance transfers. Commit to paying off credit card debt

☆ No, Ron DeSantis can't stop Donald Trump's extradition from Florida to New York if he's indicted. Here's how it would go down.
▼ + stars: | 2023-03-15 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +12 min

Ron DeSantis can't stop extradition from Trump's home in Florida, but he could slow the process. DeSantis can't stop Trump's extradition, but he could slow it downThe standard method of interstate extradition in Florida, according to Holder and Bachner, involves the governors of each state. In that scenario, the Manhattan District Attorney's Office would present the indictment to the legal affairs office of New York Gov. DeSantis is then required to make sure the indictment is valid before ordering Trump's extradition from Florida. The Florida extradition statute describes the governor's role as simply making sure the extradition demand meets all the legal requirements.

"We are taking notes from Zelenskiy," a senior Taiwan security official said, referring to Ukrainian President Volodymyr Zelenskiy's strong presence on social media. "We can't even fix sea cables on our own," the official said. "What if one day all 14 of Taiwan's undersea cables connecting us to the outside world break? Taiwan's military has long prepared back-up plans, including a fibre-optic network for communications within Taiwan, satellites, high-frequency radio, and microwave systems. "So the first step (for China) - with about 99 percent likelihood - is to cut our sea cables," Huang said.

☆ Taiwan says it hopes to bring back soldier who went to China
▼ + stars: | 2023-03-14 | by ( ) www.reuters.com time to read: +2 min

TAIPEI, March 14 (Reuters) - Taiwan's defence minister said on Tuesday that the government is investigating the disappearance of a soldier serving on an offshore island who has been found in China, and vowed to bring him back. Speaking to reporters at parliament, Minister Chiu Kuo-cheng said: "We certainly hope to bring him back home. The minister denied what he called rumours that the soldier had fled from abusive treatment by the military. The soldier, serving on Erdan islet close to the Chinese coast, went missing last week and was found on Monday. China, which views Taiwan as its own territory, has over the past three years stepped up military and political pressure to try and get Taiwan to accept Chinese sovereignty.

REUTERS/Tyrone SiuTAIPEI, March 13 (Reuters) - Taiwan's defence spending this year will focus on preparing weapons and equipment for a "total blockade" by China, including parts for F-16 fighters and replenishing weapons, the military said in a report. Xi also said that when it came to Taiwan, China must oppose pro-independence and secessionist activities and the interference of external forces. Taiwan's defence ministry said China has systematically increased the strength of its "joint combat readiness" actions around Taiwan. That is more than double the number from a year earlier and poses a "substantial threat" to Taiwan's defence, the ministry said. China has been "normalising" no-navigation zones around the Bohai Sea, the Yellow Sea and the Taiwan Strait, the ministry added.

☆ Taiwan says soldier who went missing has been found in China
▼ + stars: | 2023-03-13 | by ( ) www.reuters.com time to read: +2 min

TAIPEI, March 13 (Reuters) - A Taiwanese soldier serving on an islet close to the Chinese coast who went missing last week has been found in China, a senior Taiwan minister said on Monday, an incident that has happened amid heightened tensions. Speaking to reporters in parliament, Chiu Tai-san, head of Taiwan's China-policy making Mainland Affairs Council, said the soldier was in China. The defence ministry and relevant departments are actively aware of the relevant progress and situation," he said. China, which views Taiwan as its own territory, has over the past three years stepped up its military and political pressure to try and get Taiwan to accept Chinese sovereignty. During the height of the Cold War, defectors from both sides would on occasion swim between China and Kinmen.

Many of the arrivals abandoned plans to seek asylum in the United States, deterred by long processing times and restrictive definitions for asylum, according to aid officials and interviews with asylum seekers. "We want to help asylum seekers stabilize their lives whether in New York City or elsewhere." REUTERS/Christinne Muschi Acquire Licensing RightsThe Quebec government has said the increase in asylum seekers is straining its capacity to house people and provide basic services. The federal government said it has relocated more than 5,500 asylum seekers to other provinces since June, the first time it has done so. Immigration experts said closing off the border to asylum seekers could push migrants to take even riskier routes.

Persons: Zulema Diaz, Maryangel Diaz, Carlos Osorio, Diaz, Justin Trudeau, Joe Biden, Sean Fraser, Alejandro Mayorkas, Trudeau, Biden, Zulema, Eric Adams, Kate Smart, Fabien Levy, Smart, Ilze Thielmann, Raymond Theriault, Theriault, Christinne, Pierre, Luc Bouchard, You’re, Jamie Chai Yun Liew, Anna Mehler Paperny, Ted Hesson, Denny Thomas, Suzanne Goldenberg Organizations: REUTERS, New, . Homeland, Washington , D.C, Ottawa, New York City, Department of Homeless Services, U.S . Department of Homeland Security, Reuters Graphics Canada, United, Colombian, Immigration, Refugee Board, Canadian, Reuters, U.S, . Citizenship, Immigration Services, TLC, Border Patrol, University of Ottawa, Thomson Locations: U.S, Quebec, Niagara Falls , Ontario, Canada, CHAMPLAIN , New York, WASHINGTON, Peru, United States, New York City, Plattsburgh, Washington ,, New York State, New York, Haitian, Syracuse, El Paso, West Virginia, Niagara Falls, Guatemala, Champlain , New York, Montreal, Canada's province, Manitoba, Washington

[1/5] Asylum seekers board a bus after crossing into Canada from the U.S. in Champlain, New York, U.S., February 28, 2023. Many of the arrivals abandoned plans to seek asylum in the United States, deterred by long processing times and restrictive definitions for asylum, according to aid officials and interviews with asylum seekers. "We want to help asylum seekers stabilize their lives whether in New York City or elsewhere." The Quebec government has said the increase in asylum seekers is straining its capacity to house people and provide basic services. Immigration experts said closing off the border to asylum seekers could push migrants to take even riskier routes.

☆ Starbucks CEO agrees to testify before US Senate panel
▼ + stars: | 2023-03-07 | by ( Kanishka Singh | ) www.reuters.com time to read: +2 min

WASHINGTON, March 7 (Reuters) - Starbucks Corp (SBUX.O) interim Chief Executive Officer Howard Schultz has agreed to testify this month before a U.S. Senate committee, the company and panel chairman Senator Bernie Sanders said on Tuesday. Schultz will testify on March 29 before the Senate Health, Education, Labor and Pensions Committee after he had earlier declined an invitation from 11 senators to testify before the panel on March 9. Employees at more than 280 out of its roughly 9,000 company-operated U.S. locations have voted to join a labor union since 2021. Sanders had called on Schultz to testify at a hearing on the company's compliance with labor law. Starbucks had previously noted Schultz was stepping down as CEO this month and said he was not the right witness.

☆ Millennials may be using credit cards as a “de facto emergency fund"—here's why they shouldn't
▼ + stars: | 2023-03-06 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +2 min

Millennials are the most likely generation to have more credit card debt than emergency savings, according to Bankrate's "2023 Annual Emergency Savings Report." This may mean that both of these groups are overly relying on credit cards, says Melinda Opperman, chief external affairs officer, at Credit.org. "When whole generations have more debt than emergency savings, that suggests they've been using credit cards as their emergency fund," she tells CNBC Make It. Many millennials and Gen Xers see their credit card as a "de facto emergency fund," Matt Schulz, chief credit analyst for LendingTree, tells CNBC Make It. As of February, the average credit card interest rate is 23.55% according to LendingTree's latest analysis.

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