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China’s National Bureau of Statistics on Friday reported third-quarter GDP growth of 4.6% year on year, slightly exceeding the 4.5% expected by economists polled by Reuters. “The national economy showed positive signs of growth in September,” Sheng Laiyun, the bureau’s deputy commissioner, said at the news conference, according to CNBC’s translation of the Chinese. Other data also released on Friday, such as retail sales and industrial production, also beat expectations, a hopeful sign for the world’s second-largest economy. “Despite the multitude of challenges, China’s economy is not incurable as some would suggest,” Xu added. Authorities continued to dip feed more stimulus measures throughout this month amid low consumer sentiment and a flagging property sector.
Persons: ” Sheng Laiyun, , Tianchen Xu, ” Xu, Finance Lan Organizations: China’s National Bureau, Statistics, Reuters, Economist Intelligence Unit, China’s, Finance, Ministry Locations: China’s, Beijing
The European Union on Friday voted to adopt definitive tariffs on China-made battery electric vehicles. “Today, the European Commission’s proposal to impose definitive countervailing duties on imports of battery electric vehicles (BEVs) from China has obtained the necessary support from E.U. Member States for the adoption of tariffs,” the E.U. first announced that it would slap higher tariffs on Chinese electric vehicle imports in June, on the grounds that they benefit “heavily from unfair subsidies” and pose a “threat of economic injury” to electric vehicle producers in Europe. to start investigations of potential tariffs, Germany has advocated against them, raising concerns about consequences for its own struggling carmakers.
Persons: Peter Szijjarto Organizations: Union, E.U, European, China’s Ministry of Commerce, Reuters, European Commission Locations: China, , States, Europe, Beijing, E.U, France, Germany, Hungarian
China’s youth unemployment rate in August rose to the highest level since the new system of record-keeping began in December, driven by an economic slowdown and restrictive hiring policies, according to analysts. China’s urban unemployment rate across all age categories rose 5.3% in August, compared to a 5.2% rise in July. China’s youth unemployment has also been affected by restrictive hiring policies amid a struggling economy as companies are refusing to hire recent college graduates due to the difficulty and costs involved in firing workers in China. This is expensive so no one wants to fire anyone now or hire anyone new,” he noted. “That’s why the [overall] unemployment rate isn’t that bad but the unemployment rate for youths is so high,” Rein added.
Persons: That’s, “ It’s, , Dan Wang, Shaun Rein, , ” Rein Organizations: National Bureau, Statistics, HSBC, China Market Research, Locations: China
Bank of Japan Governor Kazuo Ueda attends a session in the financial affairs committee at the lower house of parliament on Aug. 23, 2024 in Tokyo. Economists, FX strategists and Japan-focused fund managers are split over the timing of the Bank of Japan's next interest rate hike, according to a new CNBC International survey. BOJ Governor Kazuo Ueda said last month that the central bank would continue to raise interest rates if inflation stayed on course, while also closely monitoring financial market conditions. "We think the central bank will be keen to move gradually and allow the impact of the July rate hike to be fully felt," said Jessica Hinds, director in Fitch Ratings' economics team. CNBC's survey found 18.75% of respondents expect a hike for the October meeting, while another 25% said a hike was possible.
Persons: Kazuo Ueda, Jessica Hinds Organizations: Japan, FX, Bank of Japan's, CNBC International, CNBC, Fitch Locations: Tokyo, Japan
Emily Tan: Ambition is the journey and drive to keep going
  + stars: | 2024-05-14 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEmily Tan: Ambition is the journey and drive to keep going"When you get there, you realize you want more." CNBC International Senior Correspondent Emily Tan shares what ambition means to her.
Persons: Emily Tan Organizations: CNBC
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCharlotte Reed: Journalism is a job where I always have to learn new things"My mom is a teacher and there was always in my house a respect and love for learning." CNBC International TV Reporter & Correspondent Charlotte Reed discusses her professional ambitions.
Persons: Charlotte Reed Organizations: Journalism, CNBC, Reporter
Sam Vadas: It's really ambition that keeps you focused
  + stars: | 2024-05-09 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSam Vadas: It's really ambition that keeps you focused"I always wanted to be a China correspondent." CNBC International China Correspondent Sam Vadas shares what ambition means to her.
Persons: Sam Vadas Organizations: CNBC International China Locations: China
Lin Lin: Ambition is a recognition that you only have one life
  + stars: | 2024-05-09 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLin Lin: Ambition is a recognition that you only have one life"It is about growing, learning, and challenging myself." CNBC International Correspondent Lin Lin shares what ambition means to her.
Persons: Lin Lin Organizations: CNBC
Arjun Kharpal: Ambition is fluid
  + stars: | 2024-05-09 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailArjun Kharpal: Ambition is fluid"Keep your finger on the pulse and adapt." CNBC International Technology reporter Arjun Kharpal explains why it's important to always be at the forefront of your industry.
Persons: Arjun, Arjun Kharpal Organizations: CNBC International Technology
Chery Kang: Don't be a show pony, be the workhorse
  + stars: | 2024-05-09 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChery Kang: Don't be a show pony, be the workhorse"I'm still looking for new challenges and that's ambitious." CNBC International Correspondent Chery Kang discusses what ambition means to her.
Persons: Chery Kang Organizations: CNBC International
Silvia Amaro: Ambition to me means following your dreams
  + stars: | 2024-05-09 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSilvia Amaro: Ambition to me means following your dreams"When I was growing up, I used to dream about studying abroad and speaking different languages." CNBC International TV Reporter & Correspondent Silvia Amaro shares what ambition means to her.
Persons: Silvia Amaro, Ambition Organizations: CNBC, Reporter
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDan Murphy: Find yourself a mentor who can turn your ambition into achievement"It's the lowest risk, highest reward career move you can make." CNBC International Anchor & Correspondent Dan Murphy discusses the value of finding a good mentor and what ambition means to him.
Persons: Dan Murphy Organizations: CNBC, Anchor
watch nowContemporary artist Sacha Jafri prides himself on his unique way of working. The artist Sacha Jafri at his studio in Dubai, U.A.E. He said he goes into a meditative state when creating his work. So, I'm in a meditative state, I'm in a complete trance, I have no clue what I'm doing. Artist Sacha Jafri painting on the helipad at the Burj Al Arab Jumeirah hotel in Dubai.
Persons: Sacha Jafri, Jafri, I've, Andre Abdoune, Emad Salehi Organizations: Oxford, Ruskin School of Art, CNBC, Burj, Burj Al Arab Jumeirah Locations: Dubai, London, U.S, British, U.A.E, Burj Al Arab
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRipple CEO Brad Garlinghouse at Ripple Swell Dubai | CNBC InternationalCNBC’s Dan Murphy speaks to Ripple CEO Brad Garlinghouse about the U.S. Securities and Exchange Commission case, the long-term impact of FTX's collapse, and what’s next for crypto markets.
Persons: Brad Garlinghouse, Dan Murphy, what’s Organizations: Ripple, Dubai, CNBC, U.S . Securities, Exchange Commission
NBCUniversal’s CEO Jeff Shell is leaving the company effective immediately after an investigation into a complaint of inappropriate conduct, parent company Comcast Corp. said on Sunday. Photo: Patrick T. Fallon/Bloomberg NewsCNBC International anchor Hadley Gamble , who accused former NBCUniversal Chief Executive Jeff Shell of sexual harassment and sex discrimination, is leaving the network, CNBC said. “Gamble has been a distinguished journalist for more than a decade for CNBC, undertaking highly visible and challenging assignments, and developing deep expertise in the Middle East and beyond,” a CNBC spokesperson said in a statement Tuesday. “We wish her every success in her future endeavors.”
NBCUniversal insiders are reeling after chief Jeff Shell's stunning departure and asking questions about what's next for the Comcast division. News of Shell's hasty exit dropped April 23 after an investigation into what he called an "inappropriate relationship" with a company employee. "It's shocking," said one employee, wondering how an executive at Shell's level would take such a risk with his career. Two staffers also grumbled that the company hasn't widely addressed the matter internally since its terse statement announcing Shell's exit. Keeping Cavanagh atop NBCU could serve another purpose — to help bring about a merger of Comcast with Warner Bros.
They're asking what Comcast exec Mike Cavanagh's elevation to handle Shell's remit means for NBCU's future. NBCUniversal insiders are reeling after chief Jeff Shell's stunning departure and asking questions about what's next for the Comcast division. News of Shell's hasty exit dropped Sunday after an investigation into what he called an "inappropriate relationship" with a company employee. "It's shocking," said one employee, wondering how an executive at Shell's level would take such a risk with his career. Keeping Cavanagh atop NBCU could serve another purpose — to help bring about a merger of Comcast with Warner Bros.
A crashed stablecoin could pose a threat to the wider financial system, a Cornell professor warned. The companies that issue stablecoins would have to redeem their government bond holdings if the digital tokens fail, Eswar Prasad said Thursday. "A large volume of redemptions, even in a fairly liquid market, can create turmoil in the underlying securities market," Prasad said. The turmoil hasn't yet spilt over into traditional financial markets, but financial watchdogs are worried that stablecoin issuers' government bond holdings pose that risk, according to Prasad. "The fact that we haven't had spillovers from this part of the financial ecosystem into traditional financial markets or into the real economy certainly seems to be suggestive of the fact that there is a firewall," he added.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChinese travelers are 'angry' and other top CNBC headlinesCNBC International's digital managing editor Ted Kemp talks to Squawk Box Asia about the U.S. Federal Reserve's need for political independence, Chinese travelers' reaction to Covid travel rules, and the discovery of lead in popular chocolate brands.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChina protests are serious for Beijing because they're so widespread, says CNBC's Ted KempTed Kemp, Managing Editor of CNBC International Digital, explains how China has reached a tipping point and why the breadth of protests is dangerous to the regime.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAnti-lockdown protests showing 'extraordinary' breadth across ChinaTed Kemp, managing editor of CNBC International Digital, explains what China's anti-lockdown protests tell us about the current mood on the ground in China.
The Quad, or the Quadrilateral Security Dialogue, comprises four big, democratic economies: the United States, Japan, India and Australia. The Quad countries have cooperated in areas ranging from health and infrastructure development to military exercises —most notably the Exercise Malabar naval war games, which have developed into a permanent feature of the Quad. That includes being an effective counterbalance to China's dominance in the Indo-Pacific region. "What the Quad countries individually and collectively have been concerned about is about China's behavior," Tanvi Madan, director of The India Project at the Brookings Institution, told CNBC. Watch the video above to learn more about the Quad's influence in the Indo-Pacific region.
Persons: Ted Kemp, Tanvi Madan Organizations: NATO, CNBC International, The, Brookings Institution, CNBC Locations: United States, Japan, India, Australia, China, Malabar
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