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Former President Donald Trump said in an economic address Thursday that the U.S. has allowed "big companies" to "come in and raid and rape our country." I used the word 'rape,'" Trump said at the Detroit Economic Club after his remarks were met with what sounded like some gasps from the audience. "So here’s the deal that I will be offering to the world, to companies outside of our world, big companies, powerful companies, that have become powerful because we were stupid, we were stupid. Trump added that his administration would impose a “tax or tariff” on companies that do not manufacture their goods in the U.S. Trump used similarly loaded language during his 2016 presidential campaign when he singled out China.
Persons: Donald Trump, Trump, Kamala Harris, ” “, Karoline Leavitt, rallygoers, , E, Jean Carroll, Carroll, defaming Carroll Organizations: Detroit Economic Club, Trump Locations: United States, America, U.S, China, Indonesia, Turkey, Canada, Indiana, New York City, New York
“To date, GSA has entered into an MOU with the Harris transition team outlining the terms for space and services, and is prepared to provide services to the Trump transition team once an MOU is executed and services are accepted,” a GSA spokesperson said. The Harris team has also submitted its ethics plan; the Trump team has not. The federal transition coordinator, a White House spokesperson told CNN, is “actively working” with the former president’s transition team to complete its MOU. Inside Biden administration preparationsThe Biden administration began preparing for this transition in 2023, starting with the appointment of a federal transition coordinator, a senior career official who serves as the main liaison between the candidates and eventual president-elect. “We were waiting for the phone calls [from the Trump team], waiting for people to show up, and they never did.
Persons: Donald Trump’s, Max Stier, , , Trump, Chris Lu, Barack Obama’s, Harris, Biden, Linda McMahon, Cantor Fitzgerald, Howard Lutnick, Joe Biden, Yohannes Abraham, ” Stier, Stier, Chris Christie, Christie, Mike Pence, Obama, Jason Miller, Aimee Whiteman, Valerie Boyd, Bush, John McCain, Lu, George W, Al Gore’s, Harris ’, Boyd, Trump’s, , you’re Organizations: CNN, Public Service, White, Office of Management, Budget, General Services Administration, Republican, Democratic, , Trump, Small Business Administration, Association of Southeast Asian Nations, GSA, , House, New, New Jersey Gov, Biden, Activity, OMB, Center, Partnership for Public Service, Senate Locations: Indonesia, New Jersey, Florida
I've traveled to over 80 countries, and some stood out more than others. I've spent at least a week in each of the five countries, and I'd return to any in a heartbeat. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementI've been to over 80 countries, so people always ask me for firsthand vacation advice. Although there's no way to fully take in an entire country as a tourist — even if you go multiple times — I've spent one to four weeks in each of these spots and visited more than once.
Persons: I've, , — I've Organizations: Service Locations: Spain, Vietnam, Ecuador, Morocco, Indonesia
Cherie Luo worked at a matcha farm as part of a requirement during her time at Stanford Graduate Business School. She graduated from Stanford Graduate School of Business in June. In order to graduate, Stanford MBA students are required to fulfill an international program known as the Global Management Immersion Experience. However, the opportunity to work at a matcha farm in Japan for a month stood out. I'm starting a matcha business with my sisterThe matcha farm was located in Wazuka, a town an hour from Kyoto.
Persons: Cherie Luo, Luo, , matcha, Daiki Tanaka, san, that's, we've Organizations: Stanford Graduate Business School, Luo, Service, Stanford Graduate School of Business, Stanford, Global Management, LinkedIn Locations: Silicon Valley, Long Island, Manhattan, Asia, Hong Kong, Indonesia, Japan, New York, Flushing , Queens, Wazuka, Kyoto
Buying a little over a kilo of fresh mangosteens in the United States can set you back nearly $80. This delicate fruit needs specific environmental conditions to grow, and picking the mangosteens at the perfect moment is crucial to ensure optimal flavor and texture, adding to the complexity of harvesting. Until 2007, the US banned imports of mangosteens from the largest producers — countries like Thailand and Indonesia. Even though the commercial supply of mangosteen has spiked since then, it still doesn't meet today's demand. We went to Kerala, India, to see how mangosteen is grown and find out what makes it so expensive.
Locations: United States, mangosteens, Thailand, Indonesia, Kerala, India
Emerging markets on the MSCI list include Brazil, China, Greece, India, Indonesia, South Korea, Malaysia, Mexico, the Philippines, Qatar and Thailand. One fund manager, however, is looking outside that list, at an "up and coming emerging market and the next dragon in Asia" — Vietnam. "It's in a sweet spot in terms of economic growth, urbanization, labor market participation and having the right government policy. In spite of its strong growth, Vietnam is still not part of the MSCI Emerging Markets Index. A 'big theme' Mafli is betting on "high growth sectors" and stocks "doing well in underperforming sectors."
Persons: Li Mafli, Eric Sturdza, Mafli —, Mafli Organizations: Eric Sturdza Investments, Vietnam Prosperity, CNBC Pro, General Statistics Office, International Monetary Fund, FTSE, Index, Mobile World Investment, Infrastructure Locations: Brazil, China, Greece, India, Indonesia, South Korea, Malaysia, Mexico, Philippines, Qatar, Thailand, Asia, Vietnam
CNN —Pope Francis has chosen 21 new cardinals in a move that once again shows his determination to reshape the group of churchmen who will elect his successor. Also among the new cardinals announced by the pope on Sunday are bishops from Indonesia, Algeria, Japan and the Ivory Coast. At the time of the pope’s announcement, there were 122 cardinals under 80 and able to vote in a future conclave. Church law technically limits the number of such cardinals to 120, but previous popes have also gone over that number. Cardinals are second only to the pope in the church hierarchy, hold senior positions in the Vatican and act as the pope’s main advisers.
Persons: Pope Francis, Francis, Dominique Mathieu, Francis ’, ” Francis, Mykola Bychok, Frank Leo, Timothy Radcliffe, Organizations: CNN, Ukrainian Greek Catholic, Cardinals Locations: Israel, Belgian, Iran, Australia, Ukrainian, Oceania, Italy, Indonesia, Algeria, Japan, Ivory Coast, Toronto, British, Gaza, Lebanon
More than 90% of travelers from Southeast Asia say that gun prevalence in the United States influences whether they will visit, according to a new survey. However, nearly 80% said the likelihood that they would attend a mass gathering — such as a concert or music festival — would be greatly or moderately affected by the number of guns in the United States. Half of those surveyed said they have been to the United States. But a prior visit didn't calm Singaporeans' worries about gun violence to the same extent as other nationalities. Another 5% said they will out-and-out refuse to visit if Trump wins, with 2% saying the same about a Harris win.
Persons: Antarika Sen, Donald Trump, Kamala Harris, Harris, Scott Olson, it's Organizations: CNBC Travel, Insight, U.S, Trump, Getty Locations: Southeast Asia, United States, Hawaii, Texas, New York , California, Florida , Nevada , Arizona, Washington, Singapore, Indonesia, Malaysia, Vietnam, Philippines, Thailand, U.S, Flint , Michigan
Then, I received a job offer in Indonesia, 9,000 miles away from where I lived. I sold most of my stuff and moved there with only eight suitcases. But then I realized these bargains were more than I bargained for when I packed my life into eight suitcases and moved 9,000 miles away to Jakarta, Indonesia, for a teaching job. Related storiesA job offer 9,000 miles away forced me to get rid of most of my stuffThen, in 2018, after deciding to teach abroad and receiving a job offer, I came to a true crossroads. I was moving 9,000 miles away and needed to determine what would go with me.
Persons: I've, , didn't, Marie Kondo, Allison Kimsey, I'm, it's Organizations: Service, Ramsey, Goodwill Locations: Indonesia, Jakarta, United States, maximalist
BNI: Indonesia's SOE reforms will inspire diaspora confidence
  + stars: | 2024-10-04 | 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 EmailBNI: Indonesia's SOE reforms will inspire diaspora confidence and encourage capital repatriationBNI’s Agung Prabowo, says that economic growth in Indonesia will be challenged without crucial capital investments from its diaspora.
Persons: BNI’s Agung Prabowo Locations: BNI’s, Indonesia
Facebook owner Meta announced on Friday it had built a new AI model called Movie Gen that can create realistic-seeming video and audio clips in response to user prompts, claiming it can rival tools from leading media generation startups like OpenAI and ElevenLabs. Movie Gen also can generate background music and sound effects synced to the content of the videos, Meta said in a blog post, and use the tool to edit existing videos. Videos created by Movie Gen can be up to 16 seconds long, while audio can be up to 45 seconds long, Meta said. They declined to comment on Meta's assessment for Movie Gen specifically. Lions Gate Entertainment , the company behind "The Hunger Games" and "Twilight," announced in September that it was giving AI startup Runway access to its film and television library to train an AI model.
Persons: Mark Zuckerberg, Meta, Gen, Meta spokespeople, OpenAI, Sora, Scarlett Johansson Organizations: Meta, Facebook, Microsoft, Technologists, Hollywood, Lions Gate Entertainment Locations: Menlo Park , California, U.S, Kling, Hollywood, Pakistan, India, Indonesia
The silvery orb is near or at the farthest point in its orbit from our planet, so it can’t completely block the sun as it does during a total solar eclipse. Another annular solar eclipse will arrive on February 17, 2026. Finally, a total solar eclipse — such as the one that drew millions of spectators across North America last April — will once again grace the skies on August 12, 2026. To witness any of these solar eclipse events, be sure to use certified eclipse glasses or a handheld solar viewer to shield your eyes from the sun’s harmful rays and observe the event safely. But don’t look through any optical device — camera lens, telescope, binoculars — while wearing eclipse glasses or using a handheld solar viewer, according to NASA.
Persons: , Greg Wood Organizations: CNN, South America, NASA, North America, Getty, New Zealand, Democratic Locations: South, United States, Canada, Greenland, Iceland, Europe, Africa, Oceania, New Zealand, Fiji, Australia, Antarctica, South America, Cove, AFP, Russia, Spain, Portugal, North America, New, Namibia, Botswana, South Africa, Lesotho, Nigeria, Cameroon, Chad, Sudan, Egypt, Saudi Arabia, Iran, Afghanistan, Pakistan, India, China, North Korea, South Korea, Japan, Angola, Democratic Republic of Congo, Uganda, Kenya, Somalia, Malaysia, Indonesia, Brunei, Philippines
Tomas Ouhel, second from the right, was the first of four friends to see the Indonesian island. Source: Segara Bumi IndahThey then built staff quarters, a beachfront communal space and four more guest bungalows, which together can fit 12 people. Source: Segara Bumi IndahThe island costs $999 per night for eight people. Source: Segara Bumi IndahThe final leg of the journey is an hour and a half boat ride to Pinang Island. Source: Segara Bumi IndahHe also said the island isn't for travelers looking for a high-end vacation.
Persons: Richard Kvech, Tomas Ouhel, Stephan Kotas, Martin Mrazek, Kvech, He's, it's Organizations: CNBC Travel, Garmin, Fifan Foundation Locations: Kvech, Czech Republic, Sumatra, Bangkaru, Indonesian, Pinang, Plenty, Singapore, Kuala Lumpur, Medan, North Sumatra, Singkil, Indonesia's Aceh, Nias
AdvertisementThis as-told-to essay is based on a transcribed conversation with Sally Prag, 49, from the UK, about traveling with her parents during her childhood. I struggled to adjust when we moved back to the UK, where I spent the rest of my childhood. In Tanzania, we lived close to a mud hut village, and I knew the residents lived differently from us. A childhood of traveling wasn't as glamorous as people think and I struggled with life back in the UKPeople always ask me how amazing my childhood must have been. It really was amazing, and I'm grateful for the experiences I had, but it wasn't as glamorous as people imagine.
Persons: Sally Prag, she's, Prag, , I'd, we'd, I'm, expats, weren't, I've, We've, I, they've Organizations: Service, Business Locations: Malaysia, Tanzania, Kenya, Ghana, Indonesia, Nepal, England, Africa, expats, Tanzania —, France, India, Devon
Now, as an adult, Prag says expat parents should help their kids develop lasting connections. AdvertisementThis as-told-to essay is based on a transcribed conversation with Sally Prag, 49, from the UK, about traveling with her parents during her childhood. I'd advise parents raising kids abroad to help their children maintain long-term friendships and hobbies. In Tanzania, we lived close to a mud hut village, and I knew the residents lived differently from us. My advice to expat parents is to help your kids keep up long-term friendships and hobbiesBecause of my upbringing, I'm a confident traveler.
Persons: Sally Prag, she's, Prag, , I'd, we'd, I'm, expats, weren't, I've, We've, I, they've Organizations: Service, Business Locations: Malaysia, Tanzania, Kenya, Ghana, Indonesia, Nepal, England, Africa, expats, Tanzania —, France, India, Devon
He directs customers to find seats in Sabar Menanti, his two-story Malay restaurant, while ducking behind the counter to serve the restaurant's signature nasi padang. His grandparents opened Sabar Menanti in the 1920s and started selling nasi padang near a tombstone shop. But as his relatives had a handle on the business, Tambunan went on to work in the shipping industry. Dealing with rising costsAt a nasi padang stall, diners can choose from a variety of sides to eat with their rice. Tambunan told me he wanted her to remain active in her old age and encouraged her to return to help.
Persons: Iszahar Tambunan, Menanti, nasi, Tambunan, , Sabar Menanti, Sabar, Erin Liam, Tambunan's, I've, Maryulis Bagindor Marlian, Nasi, Beef, Azreen Aziz, Aziz, tauhu telor, masak, I'm, Anthony Bourdain, Erin Liam I, Menanti Tambunan, he's Organizations: Service, Urban Redevelopment Authority, Singapore Statistics Board Locations: shipbroking, Singapore, nasi padang, Sabar, padang, Malay, Kampong Glam, Bahasa Indonesia, Sultan Mosque, Nasi padang, Indonesian, rendang, achar
As Microsoft investors get ready for quarterly earnings this month, there's one particular metric that's become increasingly important: finance leases. Overall, Microsoft made $19 billion in capital expenditures in the latest quarter. "It's an insane ramp," said Charles Fitzgerald, a former Microsoft manager who writes about capital expenditures on his blog Platformonomics. Investors will get further clarity on Microsoft's lease finances when the company reports fiscal first-quarter results in late October. Executives at Microsoft and other top tech companies have approved higher capital expenditures in the past two years, often to boost their performance in generative AI.
Persons: Satya Nadella, Charles Fitzgerald Organizations: Microsoft, Investors Locations: Jakarta, Indonesia, U.S, Pennsylvania
Anu Verma went on a 16-month solo trip before traveling to 36 countries within four months. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. She was eight years older than me and had already gone on a solo trip and had some crazy stories about her time visiting Australia. After completing my final exams, I booked a six-month solo trip to Australia, New Zealand, Thailand, and India, which I ended up extending to 16 months because I loved it so much. Since I was doing a long-term trip, I'd always try to find the cheapest flights.
Persons: Anu Verma, Verma, , Victor, Anu Vermal, I'd, Anu, I've Organizations: Service, Taj Locations: Coventry , England, Australia, New Zealand, Thailand, India, Nepal, Burma, Philippines, Indonesia, Lombok, Asia
Japan Airlines is offering free domestic flights to tourists from the US and other select countries. Tourists must book round-trip international flights with Japan Airlines to qualify. Japan Airlines is offering free domestic flights to tourists from the US, Canada, Mexico, Thailand, Australia, and New Zealand, according to a recent announcement on its website. In order to claim the free tickets, passengers must book round-trip international flights with the same airline and the domestic flights must be booked in the same reservation as the international flights. A spokesperson for Japan Airlines told Business Insider that "no end date has been set" for the initiative.
Persons: , Grace Cheng, Cheng Organizations: Japan Airlines, Service, Business, Harper's Bazaar Locations: Japan, Tokyo, Canada, Mexico, Thailand, Australia, New Zealand, Vietnam, Philippines Indonesia, India, China, Taiwan, New York, Sapporo, Hokkaido, Harper's Bazaar Singapore, Kanazawa, Inland
Republicans stand a good chance of erasing the Democrats’ narrow 51-49 Senate majority in November, a hard reality that complicates Harris' transition planning. Members of Harris’ transition team have studied that one — the handoff from Ronald Reagan to George H.W. Harris' team is operating under an unusually compressed timeline and is still building the basic apparatus needed to vet potential hires and staff an administration. Last month, Harris' campaign appointed Yohannes Abraham to run the team that is preparing for a transfer of power. He came to his new role with direct experience, having been executive director of Biden’s transition in 2020.
Persons: WASHINGTON, Kamala Harris, Harris, who’ve, Joe Biden, Biden, undercutting, , Barack Obama, Robert Gates, George W, Bush's, Gates, , It’s, Ronald Reagan, George H.W, George H.W . Bush, They've, Hillary Clinton, Obama, Donald Trump, Yohannes Abraham, Abraham, Trump, , she’s, Max Stier, There’s, Christine Wormuth, Kathleen Hicks, Michèle Flournoy, Rosa Brooks, ” Brooks, ” Harris, William Burns, Burns, who've, he's, Rohini Kosoglu, Harris ’, Julianne Smith, Phil Gordon, Sens, Chris Murphy, Chris Coons, Linda Thomas, Greenfield, Samantha Power, Walz, Pete Buttigieg, Buttigieg, it’s “, Gina Raimondo, Joe ”, ” Raimondo, Raimondo Organizations: Republican, Biden, Senate, NBC, Trump, Pentagon, Democratic, Senate Democrats, Republicans, University of Virginia's, Association of Southeast Asian Nations, ASEAN, Partnership for Public Service, Army, CIA, White House, NATO, United Nations, U.S . Agency for International Development, Transportation, Biden's Cabinet, Fox News Locations: Washington, George H.W ., U.S, Indonesia, Connecticut, Delaware, United, Biden's
These commodity stocks could win big as China moves to boost its struggling real estate sector and economy, according to Morgan Stanley. Morgan Stanley's team believe these measures display a heightened "sense of urgency" and signal that China is "taking deflation seriously." Against this backdrop, the firm sees a positive setup for metals and mining stocks that have underperformed the S & P 500 by 25 percentage points since May. Here are some of the names that could benefit from China's stimulus: Within the mining sector, Morgan Stanley names Freeport-McMoRan and Alcoa among its top picks, with shares up about 22% and 17%, respectively, this year. Analysts view U.S. Steel as one of the biggest beneficiaries from a China stimulus along with shares of Nucor .
Persons: Morgan Stanley, Morgan Stanley's, Stephen Cheung, Carlos De Alba, Biden Organizations: Alcoa, Vale SA, Steel, . Steel, Japan's Nippon Steel, NBC Locations: China, Freeport, McMoRan, Indonesia, Nucor .
Lelian Chew is the founder of The Atelier & Co, a Singapore-based luxury wedding planning company. I spent a decade at Goldman Sachs, working in Singapore and Hong Kong managing key relationships by flying to a different Chinese city each day. English wasn't his first language, so he misunderstood and thought I was starting a wedding planning business. He immediately asked me to help plan his son's wedding, insisting I take a look since I knew the family well. Many of our elder clients want to see their grandchildren uphold customs they cherish, like family crests and cultural elements.
Persons: Chew, Chew doesn't, , Lelian Chew, Goldman Sachs, I, Lelian, it's Organizations: Service Locations: Singapore, Hong Kong, Indonesia, Maldives
Incoming President Subianto has promised to continue the charge toward making Indonesia a high-income economy. Economic reforms passed through by the outgoing president will make the achieving Indonesia's grand vision easier. "Widodo put in place a bunch of economic reforms, the most noticeable being making it easier to hire and fire new workers. Indrawati hopes to avoid "the middle-income trap" — an economic development situation where growing economies stagnate at middle-income levels and are unable to advance to the ranks of high-income countries. Major policy reforms, she believes, will help Indonesia sidestep that.
Persons: Sri Mulyani Indrawati, CNBC's, Joko Widodo, Prabowo Subianto, Subianto, Widodo, Gareth Leather, Indrawati Organizations: Afp, Getty, country's Finance, International Monetary Fund, Defense, Capital Economics, CNBC, Lowy Institute Locations: Jakarta, Indonesia, Washington, Australian, China, Asia
That’s the premise behind global listing guide Time Out’s latest roundup of the “world’s coolest” neighborhoods. “Our bookshop is 19 years old and we have seen the neighborhood change a lot and that’s so great,” owner Nadia Champesme told CNN Travel. “This is the neighborhood where everything happens,” Dijon told CNN Travel, adding the cultural diversity of Notre-Dame Du Mont helps make it special. Interestingly, Principe Real, in Lisbon appears on Time Out’s list at number 8, six years after appearing in the list in 2018. “There’s no rule against a neighborhood appearing multiple times,” Grace Beard, travel editor at Time Out, told CNN Travel.
Persons: there’s, Axelle Poittevin, Thomas Benayoun, Dame Du Mont, Nadia Champesme, Notre, Mont, ” Marie Dijon, ” Dijon, Stokes, Alex Egge, Stokes Croft, Paul’s, St Paul’s, ” Egge, , ” Grace Beard, Dame du, Kerns Organizations: CNN, Notre, Dame, CNN Travel, Bristol, Principe Real Locations: Marseille, France, Mers Sultan, Casablanca, Morocco, Pererenan, Bali, Indonesia, Kerns, Portland , Oregon, Paul’s, Bristol, England, Principe, Lisbon, Seoul, South Korea, Portland, USA, Chippendale, Sydney, Australia, Portugal, Rio de Janeiro, Brazil, Windsor, Melbourne
Microsoft to spend $1.3 billion in Mexico on cloud, AI tech
  + stars: | 2024-09-24 | by ( ) www.cnbc.com   time to read: +1 min
Microsoft CEO Satya Nadella speaks at a company event on artificial intelligence technologies in Jakarta, Indonesia, on April 30, 2024. Microsoft will invest $1.7 billion to build out cloud computing and artificial intelligence infrastructure in Indonesia, betting on Southeast Asia's biggest economy to spur growth. Tech giant Microsoft will invest $1.3 billion over the next three years to build up its infrastructure in Mexico for cloud computing and artificial intelligence, the company announced on Tuesday. "We're doubling down on bringing more capacity to Mexico," Chairman and CEO Satya Nadella said at an event in Mexico City. Microsoft and communications company Viasat are also working to bring the internet to more than 150,000 Mexicans previously without cellular connectivity by the end of 2025, Microsoft said.
Persons: Satya Nadella, Marcelo Ebrard Organizations: Microsoft, Tech, Viasat Locations: Jakarta, Indonesia, Mexico, Mexico City
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