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☆ Lando Norris eases to Singapore Grand Prix victory to reduce Max Verstappen’s lead in drivers’ championship
▼ + stars: | 2024-09-22 | by ( Jamie Barton | ) edition.cnn.com time to read: +2 min

CNN —British driver Lando Norris recorded a comfortable victory at the Singapore Grand Prix on Sunday, putting a dent into Max Verstappen’s lead atop the drivers’ world championship. It was another excellent race for McLaren, following a victory for Norris’ teammate Oscar Piastri in Azerbaijan last week. It was Norris’ third win of the season, cutting reigning champion Verstappen’s lead at the top of the drivers’ championship to 52 points after the Dutch driver finished second. “[It was] an amazing race,” Norris told Sky Sports after the race. The British driver finished in sixth.

Persons: Lando Norris, Max Verstappen’s, Norris ’, Oscar Piastri, Piastri, Verstappen’s, Red, McLaren, Red Bull, ” Norris, ”, Lewis Hamilton, Norris, McLaren's Lando Norris, Edgar Su, Hamilton, Daniel Ricciardo Organizations: CNN, Singapore, Prix, McLaren, Red Bull, Red, Sky Sports, Reuters, RB Locations: British, Azerbaijan, Singapore, Verstappen

☆ European businesses in China reach a 'tipping point' on whether to invest more
▼ + stars: | 2024-09-10 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +2 min

Edgar Su | ReutersBEIJING — European businesses in China have grown so discouraged with the outlook for operating in the country that Beijing must act if the companies are to invest further, according to the EU Chamber of Commerce in China. "We do believe actually that we are in sort of a tipping point situation. Foreign direct investment into China fell by 29.6% during the January to July period versus a year ago, according to China's Ministry of Commerce. Such changes are part of Beijing's pledges to reduce what it calls the negative list, a collection of industries off-limits to foreign businesses in the country. However, Eskelund said such developments, while encouraging, did not move the needle enough for European businesses, especially when members' optimism on profitability in China for the next two years is at an all-time low.

Persons: Edgar Su, Jens Eskelund, Eskelund Organizations: of, Initiative, Reuters, EU Chamber of Commerce, China's Ministry of Commerce Locations: Beijing, China, Reuters BEIJING, Growth

“Julian plans to swim in the ocean every day. He plans to sleep in a real bed, he plans to taste real food, and he plans to enjoy his freedom.”Stella Assange wed the WikiLeaks founder while he was incarcerated at London’s Belmarsh prison in 2022 and they have two children together. WikiLeaks founder Julian Assange kisses his wife, Stella Assange, as he arrives in Canberra, Australia, June 26, 2024. “But they were very excited when they found out that daddy was coming home,” Stella Assange said. Stella Assange, wife of WikiLeaks founder Julian Assange, speaks as lawyers Barry Pollack and Jennifer Robinson look on during a press conference at East Hotel in Canberra, Australia on June 26, 2024.

Persons: Julian Assange, Stella Assange, ”, “ Julian, ” Stella Assange, Edgar Su, Assange, “, Barry Pollack, Jennifer Robinson, Lisa Maree Williams Organizations: CNN, WikiLeaks, Justice Department, East Hotel Locations: United States, Canberra, Australia, Saipan, Northern Mariana Islands, Iraq, Afghanistan

Container ships are berthed at PSA's Pasir Panjang Terminal in Singapore July 15, 2019. Global port congestion has reached an 18-month high, with 60% of ships waiting at anchor located in Asia, maritime data firm Linerlytica said this month. SEVERE CONGESTIONSingapore, the world's second-largest container port, has seen particularly severe congestion in recent weeks. "The peak season, which traditionally starts in June, was advanced by a full month, causing ocean freight rates to soar." Container freight prices from Asia to the U.S. and Europe have tripled since early 2024.

Persons: Edgar Su, Linerlytica, Yemen's, Jayendu Krishna, Drewry, PortCast, Niki Frank, Dimerco, Jonathan Gold, Judah Levine, Jared Bernstein, Gene Seroka, Peter Sand, Jeslyn Lerh, Lisa Baertlein, Lisa Barrington, Miyoung Kim, Kim Coghill Organizations: REUTERS, Retailers, Ships, Drewry Maritime Advisors, Singapore, Singapore's, Port Authority, Drewry, Keppel, Tuas, Maersk, DHL Global, Asia, Descartes, National Retail Federation, Container, U.S ., of Economic Advisers, U.S, DHL, Thomson Locations: Pasir Panjang, Singapore, SEOUL, SINGAPORE, Asia, Africa, Malaysia's Port Klang, Tanjung Pelepas, Shanghai, Qingdao, China, South Korea, U.S, Europe, U.S . East Coast, U.S . West, of Los Angeles, Los Angeles, Seoul

☆ Slamming China over its stance on Russia and the war, Ukraine might have made a big miscalculation
▼ + stars: | 2024-06-06 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +6 min

Ukrainian President Volodymyr Zelenskyy's very public criticism of China over its relationship with Russia and cool stance toward a forthcoming peace summit could end up backfiring on Kyiv, analysts say. China analysts say Zelenskyy's outburst was a risky move that could antagonize and alienate Beijing — and push it closer to Russia. Russian President Vladimir Putin and Chinese President Xi Jinping bid farewell at the end of talks in Beijing, China May 16, 2024. China confirmed last week that it would not send a delegation to the Ukraine peace summit set to be held at the Bürgenstock resort above Lake Lucerne, saying the event does not meet its expectations that both Russia and Ukraine take part. Ukraine's President Volodymyr Zelenskyy speaks with Chinese President Xi Jinping via phone line, in Kyiv on April 26, 2023.

Persons: Volodymyr Zelenskyy's, Zelenskyy, Volodymyr Zelenskyy, Edgar Su, Astrid Nordin, Putin, Xi Jinping, Vladimir Putin, Mikhail Metzel, it's, Mao Ning, Bonnie Glaser, Glaser, Xi, Joe Biden, Kamala Harris, Jake Sullivan, Volodymyr Zelenskiy, Leah Millis Organizations: Beijing, Reuters, Ministry, Chinese International Relations, King's College London, CNBC, Putin, Russian, Via Reuters, Presidential Press Service, Foreign, Asia, German Marshall Fund of, National Security, White Locations: China, Russia, Kyiv, Singapore, Ukraine, Moscow, Switzerland, Reuters China, Beijing, Via, Via Reuters China, Lake Lucerne, United States, Saudi Arabia, California, Hollywood, Moscow . U.S, Washington , U.S

☆ Taiwan celebrities Mayday, Jolin Tsai in crossfire of political battle as tensions with China rise
▼ + stars: | 2024-06-03 | by ( Nectar Gan | ) edition.cnn.com time to read: +8 min

On Douban, a popular site for reviewing movies, books and music, users compiled a list of nearly 100 Taiwanese celebrities, detailing whether each of them had shared the post. On Saturday, CCTV publicly endorsed Taiwanese celebrities who shared its post, sharing the screenshots of 36 such reposts – fueling a further backlash against those who hadn’t. On Monday, Taiwan’s Mainland Affairs Council weighed in, accusing the Chinese Communist Party of requiring Taiwanese artists to express a political stance. The remarks and retweets by Taiwanese artists of the CCTV unification post came against the backdrop of China’s largest show of force around the island in more than a year. “This is not the first time, and probably not the last, that Taiwanese artists are forced to make a political stand in China,” said the leader.

Persons: Mayday’s, Ashin, ”, –, Xi Jinping, Jolin Tsai, Edgar Su, China’s, Beijing’s, ’, Tsai, “, Lin Chen, ” Lin, Lai Ching, Ichiro Ohara, Lai, Zhu Fenglian, ” Zhu, Lin Organizations: CNN, Party, China, Democratic Progressive Party, Cardiff University, Facebook, Mainland Affairs Council, Chinese Communist Party, Communist, Yomiuri Shimbun, Taiwan Affairs Office, “ Locations: Beijing, Taiwan, China, Taipei, Taiwanese, “, Nanchang ”, Singapore, Weibo, ” Beijing

☆ Singapore’s Lawrence Wong sworn in as new prime minister — the first leadership change in 20 years
▼ + stars: | 2024-05-15 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +3 min

Lawrence Wong was sworn in on May 15 as Singapore's new prime minister, after Lee Hsien Loong stepped down following two decades in office. Edgar Su | Afp | Getty ImagesSINGAPORE — Singapore's Lawrence Wong was inaugurated as the city-state's fourth prime minister on Wednesday, taking over from former prime minister Lee Hsien Loong, who has led Singapore for 20 years. Trade and industry minister Gan Kim Yong will be promoted to deputy prime minister and work alongside current DPM Heng Swee Keat. Lee, the eldest son of Singapore's founding Prime Minister Lee Kuan Yew, announced last month he will hand over power to the new prime minister in mid-May. Wong also served as principal private secretary to then prime minister Lee Hsien Loong from 2005 to 2008.

Persons: Lawrence Wong, Lee Hsien Loong, Edgar Su, Singapore's Lawrence Wong, Lee, Gan Kim Yong, Heng, Kim Yong, Swee Keat, Wong, Gan, Ong Ye Kung, helming, Singapore's, Lee Kuan Yew Organizations: Afp, Getty, SINGAPORE, Trade, Monetary Authority of, Party Locations: Singapore, Monetary Authority of Singapore, Gan

☆ Chinese leaders to hold annual 'Two Sessions' meeting as debate about bazooka-like stimulus swirls
▼ + stars: | 2024-03-04 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +6 min

Edgar Su | ReutersBEIJING — China is set this week to kick off its annual parliamentary meetings, which investors are watching closely for signals on economic stimulus. China's economic policy is typically set at an annual meeting in December by leaders within the ruling Communist Party of China. GDP and other economic targetsThe Chinese People's Political Consultative Conference, an advisory body, is set to kick off its annual meeting on Monday. "On balance, the additional fiscal impulse this year, assuming a bazooka-like fiscal package is not forthcoming, is unlikely to be particularly large." China's foreign minister and premier typically hold press conferences during the parliamentary meetings, which generally end in mid-March.

Persons: Edgar Su, Wang Jun, Wang, Zong Liang, Louise Loo, Loo, Goldman Sachs, Bank of China's Zong Organizations: of, Initiative, Reuters, Huatai Asset Management, CNBC, Communist Party of China, U.S, Political Consultative Conference, National People's, Oxford Economics, Industry, Information Technology, Science, Technology, Housing, Bank of, Communist Party's, Communist Party of Locations: Beijing, China, Reuters BEIJING, U.S . Federal, RMB3.8tn, Bank of China's

☆ China doubles down on national security, expanding its state secrets law
▼ + stars: | 2024-02-28 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +4 min

Edgar Su | ReutersBEIJING — China is beefing up national security measures by expanding its protections of state secrets to include a broad category of "work secrets." The new rules, set to take effect May 1, describe how precautions taken for state secrets should also apply to unclassified information known as work secrets. "There is a risk that individual departments will overzealously identify matters as 'work secrets,'" Daum said. He also founded the website China Law Translate, which published an unofficial English translation of the new rules. Growing national security concernsThe updated state secrets law comes as Beijing and Washington increasingly cite national security risks when announcing new restrictions for business.

Persons: Edgar Su, Xi Jinping, Jeremy Daum, Yale Law School's Paul Tsai, Daum, Jeremy Daum Yale Law School's Paul Tsai, Gabriel Wildau Organizations: of, Initiative, Reuters, Yale Law, Yale Law School's Paul Tsai China Center, China, Jeremy Daum Yale Law, Jeremy Daum Yale Law School's Paul Tsai China Locations: Beijing, China, Reuters BEIJING, Washington

☆ Comac C919: China’s homegrown passenger aircraft makes international debut
▼ + stars: | 2024-02-19 | by ( Chris Lau | ) edition.cnn.com time to read: +3 min

China calls the C919, which can carry just under 200 passengers, its first large homegrown passenger jet. It s certified to carry passengers only within mainland China and flies with China Eastern Airlines. The C919’s overseas debut comes at a time when Boeing is making headlines for all the wrong reasons. “There is a lot of interest to see the actual aircraft, how it performs and how it is in flight,” he said. “It will become a competitor in a small way, but it won’t be in the same league as Airbus and Boeing,” he said.

Persons: Cindy Koh, Shukor Yusof, ”, Edgar Su, Yusof, TransNusa Organizations: Hong Kong CNN, Boeing, Airbus, Singapore Airshow, Commercial Aircraft Corporation of China, China Eastern Airlines, Singapore’s Economic, Board, Sunday, Max, Air, Endau, Singapore, Reuters, Center for Strategic, International Studies, American Locations: China, Hong Kong, Western, Air Alaska, United States, Washington, Hong, Victoria, Beijing, Southeast Asia, Africa, Central Asia, Indonesian

☆ Carlos Alcaraz knocked out of the Australian Open by Alex Zverev
▼ + stars: | 2024-01-24 | by ( Matias Grez | ) edition.cnn.com time to read: +3 min

CNN —Carlos Alcaraz’s quest for a third grand slam title came to an end on Wednesday after the Spaniard was beaten by Alex Zverev in a four-set thriller at the Australian Open. Zverev eventually got the better of his opponent after three hours and five minutes of stunning tennis, winning 6-1 6-3 6-7(2-7) 6-4 to reach his second Australian Open semifinal. Zverev burst out of the blocks and quickly opened up a two sets to love lead. Sure enough, Zverev impressively put the disappointment of the third set behind him and broke Alcaraz with the world No. Edgar Su/ReutersWith Alcaraz out of the picture, Djokovic now no longer has to face the one player that most predicted would pose the biggest threat to his Australian Open reign.

Persons: CNN — Carlos Alcaraz’s, Alex Zverev, Zverev, Alcaraz, Dominic Thiem, “ I’m, he’s, ” Zverev, “ He’s, “ It’s, it’s, didn’t, ” Alcaraz, Edgar Su, Djokovic, Daniil Medvedev, Medvedev, Poland’s Hubert Hurkacz Organizations: CNN, Reuters, November’s ATP

☆ Naomi Osaka falls to first-round defeat at Australian Open against Caroline Garcia
▼ + stars: | 2024-01-15 | by ( George Ramsay | ) edition.cnn.com time to read: +2 min

CNN —Naomi Osaka’s return to grand slam tennis ended in a first-round defeat against Caroline Garcia at the Australian Open. Osaka, a two-time champion in Melbourne, was competing in her first grand slam tournament in more than a year when she fell to Garcia 6-4 7-6(7-2) on Monday. But the 30-year-old Garcia produced an assured performance against the four-time grand slam champion, hitting 13 aces – including two in the second-set tie-break – and 34 winners. This was Osaka's first grand slam appearance since the US Open in 2022. Phil Walter/Getty ImagesPrior to the Australian Open, Osaka marked her return to tennis with a victory against Germany’s Tamara Korpatsch.

Persons: Naomi Osaka’s, Caroline Garcia, Garcia, Rod Laver, Osaka’s, Edgar Su, ” Osaka, Magdalena Fręch, Phil Walter, Germany’s Tamara Korpatsch, Karolína Plíšková, ” Organizations: CNN, Rod Laver Arena, Osaka, Reuters, Getty, Australian, Brisbane International Locations: Osaka, Melbourne, Polish, Czech, “

☆ I grew up always wanting to drive my own car. But I'm from the world's most expensive city to live in, and now I know I never will.
▼ + stars: | 2024-01-14 | by ( Matthew Loh | ) www.businessinsider.com time to read: +12 min

AdvertisementFor car buyers, the COE is an extra cost that can easily eclipse the actual price of a car. These BMW family cars cost around $103,000 in 2017. COE prices went up to $67,000 that year for lower-end cars, despite more than 13,000 certificates being made available. On Thursday, COE prices for lower-end cars fell to about $48,000, a steep drop that shocked the market. Meanwhile, while unpopular, Singapore's COE prices are working for now.

Persons: —, Mikel Bilbao, Edgar Su, Reuters They've, EDGAR SU, Walter Theseira, Theseira, Singapore's, We've, ROSLAN RAHMAN, we've, Aditya Irawan, it's, they're, Benjamin Loo Organizations: Service, Volvo, Volkswagen, Hyundai, VW, Getty, COE, BMW, Reuters, Toyota Corolla, Singapore University of Social Sciences, ROSLAN RAHMAN Singapore, Yokohama JR Line, The New York Times, Uber, Temasek Holdings, CarTimes, Straits Times Locations: Singapore, European, New York City, Tokyo, Yokohama, New York, Asia, Jakarta, Bangkok, Kuala Lumpur

☆ Hong Kong set to rebound after hitting a one-month low, Asia markets fall across the board
▼ + stars: | 2023-11-30 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Edgar Su | ReutersAsia-Pacific markets fell across the board on Thursday ahead of key economic data from the region. South Korea's industrial output numbers surprised the market, registering a 3.5% fall compared to expectations of a 0.5% rise from economists polled by Reuters. Japan's Nikkei 225 slid 0.25% and extended its three-day losing streak, with the Topix also down by 0.14%. South Korea's Kospi also fell 0.29%, while the small-cap Kosdaq was marginally above the flatline. Futures for Hong Kong's Hang Seng index stood at 17,108, pointing to a rebound after the HSI hit a one month low on Monday and closed at 16,993.44.

Persons: Edgar Su, Kospi, HSI Organizations: of, Initiative, Reuters, Nikkei Locations: Beijing, China, Reuters Asia, Pacific, Japan, Australia

☆ Sudan refugees detail second wave of ethnic purge by Arab forces
▼ + stars: | 2023-11-22 | by ( ) www.reuters.com time to read: +16 min

After seizing swathes of Khartoum, it has forced retreats by the Sudanese army in parts of the Darfur and Kordofan regions. When they were ambushed by Arab militiamen and came under fire along the route, the vehicle’s occupants scattered. In return, the Arab forces would guarantee the safety of the camp’s occupants and allow safe passage out of El Geneina for those who wanted to leave. He said he watched the Arab forces from his hiding place behind a wall at his home. Multiple eyewitnesses said that RSF and Arab militia forces rounded up hundreds of Masalit men, some of whom were executed.

Persons: Ardamata, Josep Borrell, ”, Mohamed Hamdan Dagalo, Dagalo, Abdullah Omar Abdullah, Al Fadhl Abdullah, Khamis Hassan, ” Ibrahim Youssef, “, Youssef, Gamareldin Mohammed, Mohammed Ahmed Goma, ” Goma, Goma, Abdelrahim Hamdan Dagalo, Abdul Rahman Juma, ” Dagalo, RSF, El Geneina, Hussein Fayez, Hassan, Hussein, Yassin Ahmed, Abdu Mohammed Ibrahim, Ibrahim, Reuters couldn’t, Adam Mohammed, Mohammed, Ibrahim Youssef, didn’t, Ben Lesser, Grant Smith, Maggie Michael, Ryan McNeill, Mohammad Kawoosa, Han Huang, Edgar Su, Catherine Tai, Peter Hirschberg Organizations: UNICEF, United Nations, European Union, UNHCR, Diplomats, South, Sudanese, Sudanese Alliance, Army, Reuters, Planet Labs Locations: El, Chad, El Geneina, Darfur, Adre, Chad’s, Sudan, Ardamata, “, West Darfur, Khartoum, Sudanese, Kordofan, Nyala, Port Sudan, South Sudan, U.S, Al Mashtal, El Geneina’s, New York

☆ Global EV sales stay strong, China hits record despite end of subsidies
▼ + stars: | 2023-11-14 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Edgar Su/File Photo Acquire Licensing RightsNov 14 (Reuters) - Electric-vehicle sales are seeing continued strength globally with China reporting record monthly sales in October despite the end of subsidies, according to market research firm Rho Motion. EV sales in China, the world's largest auto market, increased 29% year-to-date in September. The global EV market showed 34% growth in the same period. "This (subsidies) is an important factor in the German market as nearly two-thirds of passenger car registrations are commercial," the market research firm said. EV sales in North America were up 78% so far this year.

Persons: Edgar Su, Tesla, Mercedes Benz, Arsheeya, Paul Lienert, Shounak Dasgupta Organizations: REUTERS, Rho Motion, EV, Rho, Volkswagen, Cox Automotive, Thomson Locations: Singapore, China, Germany, North America, American, Bengaluru, Detroit

☆ Australia's CBA Q1 profit flat as competition in home loan market intensifies
▼ + stars: | 2023-11-13 | by ( Himanshi Akhand | ) www.reuters.com time to read: +2 min

Even though rate hikes since last year have boosted interest incomes and margins at Australian banks, rising cost of repayments has intensified competition in the home loan market, capping profit margins and hindering credit growth. Australia's biggest lender said cash net profit after tax was A$2.50 billion ($1.59 billion) for the quarter ended Sept. 30, same as the year earlier. CBA dominates Australia's A$2 trillion mortgage industry, which benefited from a property boom through COVID-19 restrictions. That had prompted Australia's "Big Four" banks to start offering cash payments for mortgage refinancing to lure borrowers. CBA's rivals National Australia Bank (NAB.AX), Westpac (WBC.AX) and ANZ Group (ANZ.AX) all posted higher annual profit earlier this month despite inflationary headwinds.

Persons: Edgar Su, CBA's, Matt Comyn, Australia's, Himanshi, Shilpi Majumdar Organizations: Commonwealth Bank of Australia, REUTERS, Commonwealth Bank of Australia's, Citi, CBA, National Australia Bank, Westpac, ANZ Group, Thomson Locations: Sydney, Australia, Australia's, COVID, Bengaluru

☆ Aussie 'big four' banks hike home loan rates after RBA decision
▼ + stars: | 2023-11-09 | by ( ) www.reuters.com time to read: +1 min

People use Commonwealth Bank of Australia (CBA) bank ATMs in Sydney, Australia May 3, 2018. The National Australia Bank (NAB.AX), ANZ Group Holdings (ANZ.AX) and Westpac Banking Corp (WBC.AX), the other three of Australia's "big four", had hiked their home loan rates on Wednesday by 0.25%. The rate hike by the National Australia Bank (NAB.AX) and ANZ Group Holdings (ANZ.AX) would be effective from Nov. 17, while Westpac Banking Corp (WBC.AX) would raise rates from Nov. 21, the lenders said in separate statements on Wednesday. CBA said its home loan variable rate change would be effective from Nov. 17. Reporting by Rishav Chatterjee and Upasana Singh in Bengaluru; Editing by Savio D'Souza and Rashmi AichOur Standards: The Thomson Reuters Trust Principles.

Persons: Edgar Su, Rishav Chatterjee, Upasana Singh, Savio D'Souza, Rashmi Organizations: Commonwealth Bank of Australia, REUTERS, Thursday, National Australia Bank, ANZ Group Holdings, Westpac Banking Corp, Reserve Bank of Australia, Wednesday, CBA, Thomson Locations: Sydney, Australia, Bengaluru

☆ Indonesia president breaks ground on airport in new capital
▼ + stars: | 2023-11-01 | by ( ) www.reuters.com time to read: +1 min

Indonesia's President Joko Widodo takes the stage to speak about the planned new capital Nusantara, at Ecosperity Week in Singapore June 7, 2023. REUTERS/Edgar Su/File Photo Acquire Licensing RightsJAKARTA, Nov 1 (Reuters) - Indonesia's President Joko Widodo on Wednesday broke ground on the construction of an airport in the country's new capital city, Nusantara. Jokowi, as the president is known, is this week expected to launch a total of 10 projects worth 12.5 trillion rupiah ($783.85 million) in Nusantara, which Indonesia is building from scratch amid the jungles of Borneo island. The 347-hectare airport is expected to be fully operational by December 2024, the president said, without detailing the total value of the project. The country has allocated 40.6 trillion rupiah for the construction of Nusantara in its 2024 budget.

Persons: Joko Widodo, Edgar Su, Agung, Grup, Ananda Teresia, Stefanno Sulaiman, Kanupriya Kapoor Organizations: Nusantara, REUTERS, Rights, Astra International, Thomson Locations: Singapore, Rights JAKARTA, Nusantara, Indonesia, Borneo, Jakarta, Nusantara .

☆ Indonesian president breaks ground for airport in planned $32-bln capital
▼ + stars: | 2023-11-01 | by ( ) www.reuters.com time to read: +2 min

Indonesia's President Joko Widodo takes the stage to speak about the planned new capital Nusantara, at Ecosperity Week in Singapore June 7, 2023. REUTERS/Edgar Su/File Photo Acquire Licensing RightsJAKARTA, Nov 1 (Reuters) - Indonesian President Joko Widodo broke ground on Wednesday for construction of several projects ranging from an airport, toll-road and hospital to a hotel in a planned new capital city, Nusantara. The 347-hectare (857-acre) airport is expected to be fully operational by December 2024, the president said, at a total cost of 4.2 trillion rupiah ($263 million). The government targets the second half of 2024 for an international hospital, built by Indonesian hospital chain Mayapada (SRAJ.JK), to become operational. The president said he would break ground on nine projects in December, but gave no details.

Persons: Joko Widodo, Edgar Su, Jokowi, Pakuwon, Agung, Ananda Teresia, Stefanno Sulaiman, Kanupriya Kapoor, Clarence Fernandez Organizations: Nusantara, REUTERS, Rights, Astra International, Thomson Locations: Singapore, Rights JAKARTA, Nusantara, Jakarta, Indonesia, Borneo, Balikpapan, Indonesian

☆ The new breed of long-haul, low-cost airlines: What you need to know
▼ + stars: | 2023-10-30 | by ( John Walton | ) edition.cnn.com time to read: +8 min

CNN —You’ve seen them on TikTok and on Instagram: people flying on the new generation of long-haul, low-cost airlines where the fares sound too good to be true. By and large, long-haul, low-cost airlines focus on four specific markets: transatlantic, transpacific, southeast Asia and Australia. With a home base at Narita international airport, Zipair Tokyo is Japan Airlines' low-cost arm. Yoshio Tsunoda/AFLO/ShutterstockHome base: Tokyo (Narita, the airport an hour away from the city)Notable routes: Honolulu, LA, SF, San Jose (CA)Flies: Boeing 787sWhat you need to know: This is Japan Airlines’ low-cost arm. Scoot is Singapore Airlines' low-cost arm.

Persons: CNN — You’ve, ” you’ll, Markus Mainka, Pawel Gradek, Yoshio Tsunoda, Edgar Su, “ Organizations: CNN, Boeing, Airbus, That’s, AirAsia X, Buenos Aires, British Airways, Aer Lingus, Atlantic, Atlantic Airways, Air Premia, Premia, Narita, Japan Airlines, Japan Airlines ’, Singapore Airlines, Reuters, Singapore Airlines ’, Qantas, Getty, Jetstar, London, AirAsia Locations: New York, Paris, Asia, Australia, Paris Orly, Orly, LA, Miami, NY, France, Barcelona, Boston, Buenos, Santiago de Chile, IAG, Iberia, Aer, Oslo, London, Gatwick, Berlin, Rome, Chicago, Orlando, Seoul, Incheon, Honolulu , LA, Newark, Frankfurt, Tokyo, Japan, Narita, Jose, Scoot, Singapore, Athens, New Zealand, Southeast Asia, AFP, Honolulu, Kuala Lumpur

☆ Flights in China to increase 34% above pre-pandemic levels
▼ + stars: | 2023-10-28 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Edgar Su/File Photo Acquire Licensing RightsBEIJING, Oct 28 (Reuters) - China's aviation regulator said it will increase domestic flights to 34% above pre-pandemic levels, a move that will further boost the recovery of Chinese airlines. There will be 96,651 domestic flights a week, or 34% higher than the same period four years ago, with 7,202 new weekly flights brought on by the opening of 516 new domestic routes. The increase in domestic flights focuses on connections between regional and hub airports like Shanghai, Beijing and Guangzhou, the regulator said. In the next five months there will be 16,680 weekly flights, with passenger flights expected to reach 71% of the total four years ago. Flights to and from 22 countries, including Britain and Italy, have neared or overtaken pre-pandemic levels, the regulator said.

Persons: Edgar Su, Eduardo Baptista, William Mallard Organizations: REUTERS, Rights, Civil Aviation Administration, CAAC, Thomson Locations: Air China, Beijing, China, Rights BEIJING, Shanghai, Guangzhou, Britain, Italy, United States

☆ China's President Xi to Meet California Governor Gavin Newsom
▼ + stars: | 2023-10-25 | by ( Oct. | At A.M. | ) www.usnews.com time to read: 1 min

FILE PHOTO: Chinese President Xi Jinping speaks at the opening ceremony of the Belt and Road Forum (BRF) to mark the 10th anniversary of the Belt and Road Initiative at the Great Hall of the People in Beijing, October 18, 2023. REUTERS/Edgar Su/File Photo Reuters

Persons: Xi Jinping, Edgar Su Organizations: Initiative, of, People, REUTERS Locations: Beijing

Putin, who made the comments in a Kremlin meeting with Russian religious leaders of different faiths, said bloodshed in the region had to stop. "Our task today, our main task, is to stop the bloodshed and violence," said Putin, according to a Kremlin transcript of the meeting. And not only for the Middle East region. It could spill over far beyond the borders of the Middle East." The aim, he said, was to "launch a real wave of chaos and mutual hatred not only in the Middle East but also far beyond its borders.

Persons: Vladimir Putin, Edgar Su, Putin, Israel, Andrew Osborn, Cynthia Osterman Organizations: Initiative, of, People, REUTERS, Hamas, Thomson Locations: Beijing, Gaza, East, Moscow

☆ China's Xi makes first known visit to central bank -sources
▼ + stars: | 2023-10-24 | by ( ) www.reuters.com time to read: +1 min

Chinese President Xi Jinping speaks at the opening ceremony of the Belt and Road Forum (BRF) to mark the 10th anniversary of the Belt and Road Initiative at the Great Hall of the People in Beijing, October 18, 2023. REUTERS/Edgar Su/File Photo/File Photo Acquire Licensing RightsBEIJING, Oct 24 (Reuters) - Chinese President Xi Jinping made his first known visit to the nation's central bank since he became president a decade ago, two sources with knowledge of the matter said, as China's economy and financial markets grapple with headwinds. Xi, along with Vice Premier He Lifeng and other government officials, visited the People's Bank of China (PBOC) and the State Administration of Foreign Exchange (SAFE) in Beijing on Tuesday, the sources told Reuters. The purpose of the visit was not immediately known. The PBOC and SAFE could not be immediately reached for comment outside of business hours.

Persons: Xi Jinping, Edgar Su, Goldman Sachs Organizations: Initiative, of, People, REUTERS, Rights, People's Bank of China, State Administration of Foreign Exchange, Reuters, Capital, Thomson Locations: Beijing, Rights BEIJING, Capital outflows, China

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