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LUANDA, Angola — President Joe Biden will make history Monday as he becomes the first American head of state to visit the West African nation of Angola, where he will showcase U.S.-backed infrastructure projects designed to link three nations. Biden will also announce initiatives related to global health and security cooperation, among other things, a senior administration official said Friday. “We’re preparing the ground for eventually reaching all the way to Tanzania, connecting the Atlantic and Indian oceans,” a second administration official said Friday, of the system which also runs through Zambia and Congo. U.S. investment, the senior administration official said, is spurring economic growth for people in Africa in ways that Chinese spending isn’t. Carlo Angerer reported from Luanda, Angola, and Aaron Gilchrist from Washington, D.C.

Persons: Joe Biden, Biden, João Lourenço, We’re, Ulisses Correia e Silva, Hurricane Milton, Carlo Angerer, Aaron Gilchrist Organizations: U.S, White, Angolan, Slavery Museum, Democratic, China Global Locations: LUANDA, Angola, West African, Saharan Africa, Luanda, Lobito, Tanzania, Zambia, Congo, China, Africa, Democratic Republic of the Congo, U.S, Cabo Verde, Hurricane, Washington ,

☆ China needs stimulus with 'beautiful deleveraging' to avoid debt crisis, says Ray Dalio
▼ + stars: | 2024-10-18 | by ( Dylan Butts | ) www.cnbc.com time to read: +1 min

Ray Dalio, billionaire and founder of Bridgewater Associates LP, during a Bloomberg Television interview in New York US, on Wednesday, April 3, 2024. Blue | Bloomberg | Getty ImagesChina must employ a "beautiful deleveraging" in addition to its recent stimulus measures in order to avoid a debt crisis, said Bridgewater Associates founder Ray Dalio at a conference on Friday The billionaire investor defines a "beautiful deleveraging" as a balanced approach to deficits that utilizes debt restructuring along with the printing of money and debt monetization. "That's the real interesting question of China, in terms of how it's approaching its debt issue," Dalio said, speaking at the FutureChina Global Forum in Singapore. Since the end of September, Beijing has announced several waves of stimulus and reform measures aimed at boosting its economy. "I think the changes that are taking place are terrific changes, but you still have to do the debt restructuring," Dalio said.

Persons: Ray Dalio, Victor J, Dalio, That's Organizations: Bridgewater Associates, Bloomberg Television, Blue, Bloomberg, Getty Locations: New York, China, Singapore, Beijing

☆ UBS' Thomas Fang and The Smart Investor's David Kuo debate China's stimulus promises
▼ + stars: | 2024-10-14 | 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 EmailUBS' Thomas Fang and The Smart Investor's David Kuo debate China's stimulus promisesDavid Kuo from The Smart Investor and Thomas Fang, Head of China global markets at UBS discuss the Chinese Finance Minister's press conference on the highly anticipated fiscal stimulus and its impact on the country's struggling housing market.

Persons: Thomas Fang, David Kuo Organizations: UBS, Smart Investor, Finance Locations: China

JERUSALEM — Almost 12 months of unbridled war, death, destruction and suffering in Gaza have proved the deadliest conflict on record for journalists. One year in, NBC News has spoken to 21 media professionals and organizations in the region who described killings, attacks and arrests by Israeli forces. The majority, 111, were Palestinians killed in Gaza, three were Lebanese and two were Israeli journalists killed by Hamas militants on Oct. 7. The majority were killed in Gaza, including Al Jazeera’s Ismail Al-Ghoul and his freelance cameraman Rami Al Refee, both 27. “The thing is no one is safe in Gaza,” she said last month when asked if she thought Israel was deliberately targeting journalists in Gaza.

Persons: JERUSALEM, “, ”, Christina Assi, Dylan Collins, shellfire, Alma Al, Issam Abdallah, Alessandra Galloni, Emilie Madi, Assi, Collins “, ” Assi, Collins, that’s, It’s, Al Jazeera’s Ismail Al, Ghoul, Rami Al Refee, Al, Al Jazeera, ” Al, Jodie Ginsberg, ” Walid, Al Jazeera’s, Israel, ” Wael Al, Hamza, Mustafa Thuraya, Israel’s, ” Al Jazeera, Shlomo Karhi, Noor Harazeen, you’re, Yarden, we’re, David Mencer, Benjamin Netanyahu’s, Harazeen, “ They’re Organizations: NBC, Committee, Protect Journalists, Reuters, ” Reuters, AFP, Getty, Agence France Presse, Amnesty International, Human Rights Watch, Rights Watch, Amnesty, Israel Defense Forces, NBC News, Al, IDF, News, West Bank, China Global Television Network, ” Health, Haaretz, Sky News Locations: Gaza, New York, Israel, Alma, Lebanon, Saaideh, Israeli, Hamas, Al Jazeera, Ramallah, Jordan, East Jerusalem, Egypt, ”, British

☆ 'Biden stumbles, Trump lies': How the global media reacted to the presidential debate
▼ + stars: | 2024-06-28 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +3 min

Members of the media work during the first presidential debate with US President Joe Biden and former US President Donald Trump in Atlanta, Georgia, US, on Thursday, June 27, 2024. U.K.: 'Biden struggles ... Trump lies'In the U.K., the Guardian pointed to issues with both Biden and Trump at the debate, headlining its story: "Biden struggles to land lines as Trump lies in first presidential debate." Meanwhile, the BBC suggested Biden struggled with Trump's attacks, titling its live blog of the debate: "Biden stumbles in first presidential debate as Trump avoids key questions." Biden struggled repeatedly and Trump repeated falsehoods, it said, adding that the debate was "marked by personal attacks." In another story, the newspaper summarized the debate: "Biden disgraces himself, Trump wastes his chance, but the true losers of the first TV debate in the U.S. election campaigns are the Americans."

Persons: Joe Biden, Donald Trump, Eva Marie Uzcategui, China's CGTN, Biden, hesitantly, Trump, Joe Biden's, stammered, Trump's, Biden's, Biden disgraces Organizations: Bloomberg, Getty, China Global Television Network, China Morning Post, Global Times, Biden, BBC, ZDF, CNBC, Trump Locations: Atlanta , Georgia, China, India, Trump, London, Germany, U.S, France

The Alberta Industrial Heartland, a not-for-profit organization consisting of five Alberta municipalities, and the Hong Kong-based private equity firm Can-China Global Resource Fund (CCGRF) had announced their partnership in 2016 to encourage investments across North America. "This partnership no longer exists," Karlee Conway Director Communications of the Alberta Industrial Heartland said in an email response to Reuters. The lead investor of the fund was China's Export-Import Bank, Vancouver-based mining firm Hunter Dickinson and Swiss commodity trader Mercuria. While all three were released in 2021, the relationship between China and Canada has not returned to normal. The oil-rich province of Alberta exported C$4.5 billion worth of goods to China in 2020, making it the Canadian province's second-biggest export market.

Persons: Karlee, Hunter Dickinson, Lynette Ong, FROSTY, Meng Wanzhou, Divya Rajagopal, Xie Yu, Denny Thomas, Nick Zieminski Organizations: Reuters, The, The Alberta Industrial Heartland, China Global Resource Fund, Karlee Conway, Communications, Alberta Industrial Heartland, China's, Import Bank, MEC Advisory Ltd, EXIM Bank, Science, University of Toronto, CQ Energy, Ottawa, Huawei, Canadian, Exim Bank, Asian Infrastructure Investment Bank, Chinese Communist Party, Thomson Locations: TORONTO, HONG KONG, Alberta, The Alberta, Hong Kong, China, North America, Vancouver, Swiss, Canada, Ottawa, Calgary, Beijing, United States

TORONTO/HONG KONG, June 29 (Reuters) - The Alberta government has ended a partnership with a Chinese private equity fund that targeted $10 billion to invest in the natural resources sector, a spokesperson for the Alberta entity told Reuters. The Alberta Industrial Heartland, a not for profit organization of the province of Alberta, and the Hong Kong-based private equity firm Can-China Global Resource Fund (CCGRF) had announced their partnership in 2016 to encourage investments across North America. "This partnership no longer exists," Karlee Conway Director Communications of the Alberta Industrial Heartland in an email response to Reuters. The lead investor of the fund was China's Export-Import Bank, Vancouver-based mining firm Hunter Dickinson and Swiss commodity trader Mercuria. This month, Canada froze ties with the China-led Asian Infrastructure Investment Bank (AIIB) as it launched a probe into allegations that the institution was dominated by the Chinese Communist Party.

Persons: Karlee, Hunter Dickinson, Meng Wanzhou, Divya Rajagopal, Xie Yu, Denny Thomas, Nick Zieminski Organizations: Reuters, The, The Alberta Industrial Heartland, China Global Resource Fund, Karlee Conway, Communications, Alberta Industrial Heartland, China's, Import Bank, MEC Advisory Ltd, EXIM Bank, CQ Energy, Ottawa, Huawei, Canadian, Exim Bank, Asian Infrastructure Investment Bank, Chinese Communist Party, Thomson Locations: TORONTO, HONG KONG, Alberta, The Alberta, Hong Kong, China, North America, Vancouver, Swiss, Canada, Calgary, Beijing, United States

☆ World leaders are lining up to meet Xi Jinping. Should the US be worried?
▼ + stars: | 2023-04-14 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +9 min

Hong Kong CNN —Xi Jinping has had a busy couple of weeks. “(Chinese leaders) believe it’s time now for China to make its strategic plans,” said Li Mingjiang, an associate professor of international relations at Singapore’s Nanyang Technological University. Beijing has watched uneasily as the war in Ukraine has driven the US and its European allies closer. When French President Emmanuel Macron arrived in Beijing last week, Xi drew comparisons between China and France: both “major countries with a tradition of independence,” Xi said, and “firm advocates for a multi-polar world” – or a world without a dominant superpower. But how Beijing navigates these initiatives, observers say, comes down to a bottom line that’s integrally related to Xi’s global ambitions and world view.

Seven Chinese firms including Chanson International (CHSN.O) and Hongli Group (HLP.O) have launched public offerings in March to raise a combined $82.3 million, compared with just four in the preceding two months. That will "reduce regulatory uncertainty" said Mandy Zhu, head of China Global Banking at UBS, and standardise domestic firms' international listings. "But we will abide by Chinese rules and carry out all follow-up work cooperation if necessary." Earlier in the week, steelmaker Hongli Group, food grain manufacturer YanGuFang International Group (YGF.O) and wheelchair-maker Jin Medical International listed in the U.S, also receiving tepid responses from investors. Reuters reported on Thursday that London is also courting new Chinese listings.

☆ Xi and Putin share a deep resentment of the US, but China's new dominance over Russia could eventually shatter the alliance
▼ + stars: | 2023-03-28 | by ( Tom Porter | ) www.businessinsider.com time to read: +5 min

Russia and China have formed closer ties to counter the power of the US. But China is the dominant one in the partnership, with Russia weakened by the Ukraine war. At last week's summit, Xi proposed a peace plan in Ukraine that critics said mainly reflected Russian demands. Russian President Vladimir Putin and China's President Xi Jinping at the Kremlin in Moscow on March 21, 2023. But despite such tensions, the Russia-China alliance will likely persist because of the deep resentment Putin and Xi share over the US' status as the world's top superpower.

☆ Elon Musk just changed his Twitter bio to 'state-affiliated media'
▼ + stars: | 2023-01-16 | by ( Kate Duffy | ) www.businessinsider.com time to read: +2 min

Elon Musk has updated his Twitter bio to read: "State-affiliated media." Musk then changed his Twitter bio to "state-affiliated media" in the early hours of Monday. It comes after the release of more Twitter Files, tweeted by journalist Matt Taibbi, on Saturday. Following his acquisition of Twitter in late October, Musk changed his bio to "Chief Twit," signaling he was in charge of the platform. After laying off thousands of employees in November, Musk updated his bio to "Twitter Complaint Hotline Operator."

But it's much higher compared to the U.S. companies' issuance of $17.3 billion and Europe's $16.4 billion so far. Internally, China has a lower inflation environment and loosening monetary policy, equity market valuation is more resilient," said Mandy Zhu, head of China Global Banking - UBS. OVERSEAS LISTINGS DROPHowever, Chinese companies' listings overseas have dropped sharply this year. The data showed that IPO issuances on the mainland fell just 11%, while Chinese listings in U.S. and Europe slumped 97% and 81%, respectively. She added that a recovery in the U.S. market listings will take a longer time, given the uncertainty over U.S.-China relations.

More than a dozen Chinese companies have unveiled plans to follow suit, according to exchange filings. The China-Switzerland Connect allows Chinese companies to raise capital by issuing and listing GDRs on Swiss bourse SIX. Swiss firms can issue Chinese Depository Receipts on the Chinese exchanges. She said UBS is also discussing with Chinese firms about listing in Frankfurt once rules are in place, so "our GDR mandates will keep coming". Despite the brighter prospects, deal sizes have been comparatively small, with Gotion's $685 million Swiss listing the biggest so far under the Swiss connect scheme.

☆ Reacția Chinei privind racheta sa ce se prăbușește necontrolat
▼ + stars: | 2021-05-07 | by ( Publika.Md - Aici Sunt Știrile | ) www.publika.md time to read: +1 min

Majoritatea reziduurilor provenite de la racheta chineză ce se prăbușește înspre Pământ vor arde la reintrarea în atmosferă și este extrem de improbabil ca acestea să provoace vătămare, susține ministerul de externe chinez, potrivit Reuters, citează hotnews.ro. Racheta Long March 5B a fost lansată pe 29 aprilie de la baza aerospațială din Wenchang pe 29 aprilie, aceasta transportând modulul Tianhe care va deveni spațiul de locuit al viitoarei spații stațiale a Chinei. „Probabilitatea ca acest proces să provoace vătămare la sol este extrem de scăzută”, a susținut acesta. Publicația China Global Times controlată de guvernul chinez a scris la rândul ei că racheta Long March 5B se va prăbuși probabil în apele internaționale. Lansarea Tinahe a fost prima dintr-o serie de 11 misiuni necesare pentru a finaliza stația spațială a Chieni.

Persons: Reuters, chinez Wang Wenbin Organizations: 5B, chinez, Global Times, Long Locations: chinez, Chinei, Statelor Unite, Beijing, China, New York, Madrid, Chile, Wellington, Noua Zeelandă

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