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China said Taiwanese workers in the mainland have nothing to fear if they "don't break the law." The comment comes as Beijing sparked alarm in June by floating the death penalty for 'diehard' separatists. About 163,000 Taiwanese worked in the mainland in 2021, per a local report, and the number is declining. The comment comes as Beijing issued legal guidelines on June 21 suggesting the death penalty or prison for "Taiwan independence diehards." The declaration sparked alarm in Taiwan, where officials started restricting tours to China and warning people against traveling to the mainland.
Persons: Organizations: Service, Taiwan, Business Locations: China, Beijing, Taiwan
But experts and think tanks have long said this is a policy change that an aging China desperately needs. It's currently running a lopsided policy of letting women retire up to 10 years earlier despite them living significantly longer on average than men. The pension problemKey to the retirement overhaul are China's pension funds. AdvertisementMost Chinese workers receive a state pension, which can be boosted by retirement funds from employers and personal contributions. Experts say that either way, Beijing will need more than a simple policy change to fix its crisis.
Persons: , Sabrina Luk, Shaun Rein, Luk, It's, Gu Qingyang, CASS, it's, Louis Vuitton, Gu, Rein Organizations: Service, Business, Nanyang Technological University, China Market Research Group, Academy of Social Sciences, National University of Singapore, Louis Locations: Beijing, France, China, Xiaohongshu, Weibo, Singapore, Shanghai, Asia, East Asia
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewRussia would likely take up to 1.8 million wounded and dead over five years to achieve its goal of fully capturing four major Ukrainian regions, said the new chief of the British Army. On Sunday, he said the UK must be ready to go to war in three years, per the BBC. AdvertisementAnalysts fear that Russia can outlast Ukraine's defense through its aggressive recruitment drives and a defense manufacturing industry that's kicked into overdrive. Russia has poured 40% of national spending into defense and security, essentially putting its economy on a war footing.
Persons: , Sir Roly Walker, he'd, He'd, Walker, Vladimir Putin, Putin, that's Organizations: Service, British Army, Business, Warfare, Royal United Services Institute, , Luhansk —, News, SAS, Staff, BBC, Sky Locations: Russia, Ukraine, British, London, Donetsk, Luhansk, Kherson, Kyiv, Kharkiv, — Donetsk, Ukrainian, Moscow
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewRussia would likely take up to 1.8 million wounded and dead over five years to achieve its goal of fully capturing four major Ukrainian regions, said the new chief of the British Army. On Sunday, he said the UK must be ready to go to war in three years, per the BBC. AdvertisementAnalysts fear that Russia can outlast Ukraine's defense through its aggressive recruitment drives and a defense manufacturing industry that's kicked into overdrive. Russia has poured 40% of national spending into defense and security, essentially putting its economy on a war footing.
Persons: , Sir Roly Walker, he'd, He'd, Walker, Vladimir Putin, Putin, that's Organizations: Service, British Army, Business, Warfare, Royal United Services Institute, , Luhansk —, News, SAS, Staff, BBC, Sky Locations: Russia, Ukraine, British, London, Donetsk, Luhansk, Kherson, Kyiv, Kharkiv, — Donetsk, Ukrainian, Moscow
Elon Musk tweeted a parody video of an AI fashion show that featured him, Bill Gates, and other prominent figures. And Xi Jinping was featured in a robe designed with a cartoon bear suspiciously like Winnie the Pooh. Xi was featured for only two seconds, but the video is a risky post given Tesla's operations in China. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementOn Monday, Elon Musk tweeted an AI-generated video of the world's biggest figures sashaying down the aisle of a fashion show.
Persons: Elon Musk, Bill Gates, Xi Jinping, Pooh, Xi, , Tesla Organizations: Service, Business Locations: China, Shanghai
Read previewPresident Joe Biden's ditched election bid has gone viral in China, where online consensus is veering toward former President Donald Trump's campaign rhetoric. AdvertisementVice President Kamala Harris met briefly with Chinese leader Xi Jinping in 2022 at her request during the APEC forum that year. As for Trump, the former president is often the subject of memes in China, mocking him as a secret agent for Beijing. Montages of Harris laughing on camera have also surfaced in China, though most are not derogatory. Most July polls put either Democratic leader behind Trump, though typically by a slim disadvantage of one to five percentage points.
Persons: , Joe Biden's, Donald Trump's, Kamala Harris —, Biden, Harris, Joe Biden, Trump, there's, Wu Dalang, Xi Jinping, Antony Blinken, Kamala Harris, Ding Haitao, She's, Doug Emhoff, Blinken —, China —, Laffin, Kamala Organizations: Service, Democratic, White, Business, Republican, APEC, Getty, Trump, Biden Locations: China, Gansu, Weibo, Bangkok, Xinhua, Beijing, Trump
Unity, after all, has been a key message espoused by President Joe Biden. "I had all prepared an extremely tough speech, really good, all about the corrupt, horrible administration," Trump told the Post. Just over 26 minutes into his speech, Trump was praising his supporters and family when he veered abruptly back into attacks on his opponents. Trump portrays unity — while insulting his opponentsTrump, now officially the Republican nominee, began his speech in line with the unity message. "I look at unity, and it's obviously an opportunity to bring the country together," said Chris LaCivita, a senior campaign aide.
Persons: , Donald Trump, Joe Biden, Trump, Don Jr, Eric, Crazy Nancy Pelosi, we're, Biden, they're, MAGA, That's, Donald Trump Jr, Axios, Mike Allen, Chris LaCivita, let's Organizations: Service, New York Post, Washington Examiner, Business, Republican National Convention, Republican, GOP, Democratic, Social Security, Trump, RNC Locations: United States
The Trump campaign scored yet another photo moment on Thursday with Hulk Hogan's tank-top ripping. The retired WWE star tore up his top to reveal his support of Donald Trump and JD Vance for 2024. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementFormer President Donald Trump has once again shown the world his prowess at orchestrating photo moments for the ages. The Trump campaign rolled out its latest spectacle on Thursday when Hulk Hogan appeared onstage at the Republican National Convention.
Persons: Donald Trump, JD Vance, Trump, Hogan, , Hulk Hogan Organizations: Trump, WWE, Service, Republican National Convention Locations: Pennsylvania
Read previewMajor airlines, banks, and supermarkets are experiencing widespread disruptions linked to an IT outage after Microsoft reported problems with its online services. American Airlines, Delta Airlines, and United Airlines are among the airlines that have issued ground stops for their aircraft due to communication issues, Reuters reported. A spokesperson for Singapore's Changi Airport told BI: "Due to a global outage affecting IT systems of many organizations, the check-in process for some airlines at Changi Airport is being managed manually." On Thursday night, Frontier Airlines issued a ground stop order, saying in a statement: "flight operations are currently being impacted by a major Microsoft technical outage." AdvertisementThe Austin-headquartered tech giant, which specializes in security for cloud computing platforms, confirmed with CNBC on Friday morning that it was receiving outage reports.
Persons: , Dan Coatsworth, AJ Bell, CrowdStrike, Omer Grossman, CyberArk, Grossman Organizations: Service, Microsoft, American Airlines, Delta Airlines, United Airlines, Reuters, London Stock, Business, BI, , Local, Changi, Changi Airport, Melbourne Airport, Sydney Airport, Rajiv Gandhi, Edinburgh Airport, Berlin Airport, Ryanair, Europe's, Frontier Airlines, CNBC, Windows Locations: Singapore, Changi, Australia, Delhi, India, Germany
Read previewFormer President Donald Trump upended the election tradition of "balancing the ticket" when he picked Ohio Sen. JD Vance as his running mate. Vance, a former Trump critic turned MAGA stalwart, has voiced foreign policy views in lockstep with Trump. "I think Trump's tenure has shown that fears of abandonment or ignorance of politics in Asia are overblown," he said. US-China relations won't change much, whether it's Trump or Biden at the wheelEven though Trump started the US-China trade war, experts say that China won't be too bothered if he returns to the White House. AdvertisementFor one, the Biden administration has kept most of Trump's China tariffs in place.
Persons: , Donald Trump upended, Ohio Sen, JD Vance, MAGA, Asia that's, Vance, Trump, Dylan Loh, Loh, Chong Ja Ian, It's, it's Trump, Biden, NTU's Loh, Joe Biden hasn't, Kevin Chen, Mr Trump, Chen Organizations: Service, Trump, Business, Pacific, Asia, Nanyang Technological University, NTU, National University of Singapore, NATO, Democrat, Republican, NTU's, Rajaratnam, of International Studies Locations: Asia, lockstep, China, Ukraine, Europe, Japan, South Korea, Taiwan, Philippines, South China, France, Beijing, Pacific
Wisesoft stock surged 10% after former President Trump survived an assassination attempt. Wisesoft, known as a meme stock in China, often sees price jumps linked to Trump events. Chinese retail investors trade Wisesoft shares as a joke, leveraging its Trump-related name. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementA Chinese tech firm with a name that sounds like "Trump's Big Win" enjoyed a surge in its stock price on Monday after former President Donald Trump survived an assassination attempt in Pennsylvania.
Persons: Trump, , Donald Trump, Chuanda Zhisheng Organizations: Trump, Service, Shenzhen Stock Exchange, Business Locations: China, Pennsylvania
The Trump rally shooter featured briefly in a BlackRock ad from 2022, the company said. Thomas Matthew Crooks "appeared in the background" during the ad and was not paid, per BlackRock. Crooks can be seen in a 30-second ad focusing on an AP Economics teacher in Bethel Park High School. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementBlackRock, the world's largest money manager, said on Sunday that it had removed one of its ads from 2022 that featured Thomas Matthew Crooks, the 20-year-old identified by authorities as the man who shot and injured former President Donald Trump.
Persons: Thomas Matthew Crooks, Crooks, , Donald Trump Organizations: Trump, AP, Bethel Park High, Service, Bloomberg, Reuters, Business Locations: BlackRock, Bethel
The US is still coming to grips with the assassination attempt on former President Donald Trump. In today's big story, we examine the scrutiny the Secret Service is facing and what former special agents are saying about the tragedy . But that's not to say the Secret Service has avoided controversy over the last 40-plus years since the Reagan shooting. Secret Service agents converge on former President Donald Trump onstage at his Pennsylvania campaign rally. AdvertisementUltimately, another former Secret Service agent said the entire event represents a failure for Trump's security detail , BI's Matthew Loh and Cameron Manley report.
Persons: , Donald Trump, Jenny Chang, Rodriguez, Joe Biden, Insider's Brent D, Griffiths, Katherine Tangalakis, Lauren Edmonds, Saturday, Ronald Reagan, that's, Reagan, Brent, Jabin, Thomas Matthew Crooks, BI's Rebecca Rommen, Crooks, BI's Laura Italiano, Kenneth Niemeyer, Matthew Loh, Cameron Manley, Trump, Corey Comperatore, Kirill Kudryavtsev, Yuriy Gorodnichenko, Goldman Sachs, Michael M, Tyler Le, Jensen Huang, Elon Musk, Sam Altman's, Altman, Rebecca Zisser, Mickey Mouse, Hannah Montana, David, Nvidia's Goliath, Dan DeFrancesco, Jordan Parker Erb, Lisa Ryan, Jack Sommers, Annie Smith, Amanda Yen Organizations: Service, Business, Secret Service, Washington, Getty, FBI, UC Berkeley, NDR, Nvidia, Elon, European, Swedish, Disney, YouTube, GOP, Convention Locations: Colombia, Pennsylvania, Trump, Russia, New York, London
Read previewA gunman's assassination attempt on former President Donald Trump has flung the US back into the spotlight in China. The FBI says the 20-year-old rally shooter, Thomas Matthew Crooks, used a legally purchased 5.56mm AR-style rifle to attack Trump. another user wrote. One Chinese professor told the outlet that the attack on Trump showed the"ongoing rampant gun violence issue in the US." One user reposted a photoshop edit of Trump raising his fist against the backdrop of the Chinese flag.
Persons: , Donald Trump, Thomas Matthew Crooks, Trump, Dylan Loh, Loh, Biden, China's, Xi Jinping, it's, Xi, Mike Johnson Organizations: Service, Republican, Business, FBI, National University of Singapore, Global Times, Trump, Renmin University of China, Capitol Locations: China, Trump's, Weibo, Gotham City, Beijing, United States
Evan Vucci is an AP photographer who documented the aftermath of an assassination attempt on Trump. Vucci said he understood the moment's significance immediately after shots rang out. He snapped several photos of the attempt, including a now-famous shot of a defiant Trump with his fist raised. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Evan Vucci, who has covered Trump for years, said he understood the incident's significance after hearing "several pops" over his left shoulder.
Persons: Evan Vucci, Vucci, Trump, , Donald Trump's Organizations: Trump, Service, Associated Press, Business
Read previewA former Secret Service agent said that the assassination attempt on Donald Trump represented a "failure" for his security team. He was seen defiantly raising his fist with a bloodied ear before being ushered away from the scene by the Secret Service. "Now, in some cases, it's almost impossible to do that, but that's why the Secret Service has counter-sniper teams. "We are engaged with President Biden, former President Trump, and their campaigns, and are taking every possible measure to ensure their safety and security." AdvertisementThe Secret Service is "probably gonna have to hold his horses to keep him from getting out into the public right away," he said.
Persons: , Donald Trump, Tim McCarthy, Ronald Reagan, McCarthy, Regan, Trump, Thomas Matthew Crooks, Joe Biden, Alejandro Mayorkas, Biden Organizations: Service, WGN, Business, Secret, Social, FBI, Homeland, DHS, Republican National Convention Locations: Chicago, Butler , Pennsylvania, Wisconsin
Read previewJapan's defense ministry is investigating officers of a naval destroyer that entered Chinese territorial waters for about 20 minutes on July 4, according to local reports. Kyodo News reported on Thursday that the Maritime Self-Defense Force destroyer Suzutsuki was monitoring Chinese live-fire drills on the coast of China's Zhejiang province when it pushed into Chinese territory. Related storiesHowever, Kyodo News cited Chinese diplomatic officials saying that Beijing believes the Suzutsuki broke Chinese laws by failing to request entry. Tokyo has also often noted China's incursions into its own waters, Chong said. AdvertisementChinese naval ships have also entered Japanese waters before, including in February 2023, when a survey vessel encroached into Japan's territorial waters near Kagoshima prefecture.
Persons: , Suzutsuki, Lin Jian, Ian Ja Chong, Chong, China's Organizations: Service, Kyodo, Self, Defense Force, Business, Kyodo News, Sankei, Reuters, Chinese Foreign Ministry, Sankei Shimbun, National University of Singapore, Kagoshima prefecture . Press Locations: China's Zhejiang, Zhejiang's, Zhejiang, China's, Taiwan, Beijing, Akita, Hachinohe, Aomori, Tokyo, China, Kagoshima prefecture
Jon Stewart is upset that the Democratic Party failed to prepare for threats like Biden appearing weak. "I don't know if it was complacency, or deceit, or whatever it is," Stewart said. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementComedian Jon Stewart accused the Democratic Party of putting its voters between a "rock and a hard place" by failing to prepare them for any doubts about President Joe Biden's health before the 2024 election. "What do I do with my anger at a Democratic Party that honestly has put us in this rock and a hard place position?"
Persons: Jon Stewart, Biden, Stewart, Biden's, , Joe Biden's, Kamala Harris Organizations: Democratic Party, Trump, Service
Read preview"The Daily Show" host Jon Stewart has criticized President Joe Biden's recent posture toward calls for the leader to step aside, saying the latter's defense is turning "Trumpian." This story is available exclusively to Business Insider subscribers. Only God could tell me to get out of the race,'" Stewart continued. In recent weeks, Biden has come under scrutiny after a dismal showing in his first presidential debate of 2024 against Trump. AdvertisementRepresentatives for Biden's campaign and Stewart did not immediately respond to requests for comments sent outside regular business hours by Business Insider.
Persons: , Jon Stewart, Joe Biden's, Stewart, Joe Biden, Donald Trump —, that's, Biden, Volodymyr Zelenskyy, Putin, Kamala Harris, Trump, George Stephanopoulos, Biden's, George Clooney, Barack Obama, Nancy Pelosi, Chuck Schumer Organizations: Service, Business, NATO, Biden, Trump, Democratic, Democratic House, Democrats, ABC News, Hollywood, The New York Times
Read previewSergiy Kyslytsya, the Ukrainian ambassador to the United Nations, accused Russia on Wednesday of serving Chicken Kiev at a luncheon after it attacked a children's hospital. He posted a photo of the menu for a Tuesday UN Security Council event hosted by Russia, which includes the item "Chicken Kiev served with Potato Paille." This story is available exclusively to Business Insider subscribers. Related storiesNebenzia holds the president's chair for the Security Council in July as part of the UN's monthly rotation. According to the Associated Press, Nebenzia thanked Kyslytysa as part of his duty as rotating president of the security council.
Persons: , і, , Вона, Небензя Organizations: Service, United Nations, Chicken Kiev, UN, Business Locations: Ukrainian, Russia, Kiev
That's about 6% of Russia's total budget for 2024, which is 36.6 trillion rubles, or $414 billion. They arrived at a total of 400,000 wounded or dead, including 100,000 soldiers killed. AdvertisementThe cost of the one-time payments would be a "staggering amount," they wrote. Still, it's not clear if Russia has consistently been rolling out its one-time payments to its wounded or its deceased soldiers' next-of-kin. Russia plans to spend nearly a third of its total 2024 budget on defense, or about 10.8 trillion rubles, which is $122 billion.
Persons: , Thomas Lattanzio, Harry Stevens, Stevens, it's Organizations: Service, Johns Hopkins School, International Studies, Center, National, Business, Lattanzio, Russian Ministry of Defense, Radio Free, Independent, Carnegie Endowment, International Peace's, Eurasia Center Locations: Ukraine, Russia, Russian, Moscow, Independent Russian, International Peace's Russia
Read previewA former safety employee at OpenAI said the company is following in the footsteps of White Star Line, the company that built the Titanic. Was the path that OpenAI was on more like the Apollo program or more like the Titanic?" Apollo vs TitanicAs Saunders spent more time at OpenAI, he felt leaders were making decisions more akin to "building the Titanic, prioritizing getting out newer, shinier products." OpenAI did not immediately respond to a request for comment sent outside regular business hours by Business Insider. Meanwhile, OpenAI cofounder and former chief scientist Ilya Sutskever, who led the firm's superalignment division, resigned later that month.
Persons: , OpenAI, William Saunders, OpenAI's, Alex Kantrowitz's, Saunders, Ilya Sutskever, JACK GUEZ, Kantrowitz, he's, Saunders — Organizations: Service, White Star Line, Business, Artificial, Intelligence, White Star, Apollo, NASA, BI, OpenAI, Getty, Tech, Apple, Google, Superintelligence Inc Locations: OpenAI, Russia, AFP
Read previewA new cooking oil scandal has erupted in China, about a decade after the country's infamous crackdown on restaurants reusing gutter oil and sewage grease. The furor follows a bombshell investigation published on July 2 by state media outlet Beijing News, which found multiple cases of tank trucks transporting edible cooking oil immediately after delivering chemicals used for coal-to-liquid processing. They recommend that oil companies only use tank trucks dedicated to edible substances, but the guideline is only encouraged and isn't mandatory. Related stories"Shouldn't a kerosene can be a kerosene can and a cooking oil can be a cooking oil can? Days after Beijing News' report, state media jumped in with scathing commentary.
Persons: , Han Futao, Han, They've, Zhang Jingshan Organizations: Service, Business, Beijing News, Food Locations: China, Beijing, Hebei, Qinhuangdao, Weibo, Hunan
An Iranian frigate capsized while undergoing repairs at Bandar Abbas, a coastal city in the Strait of Hormuz. State media reported that it took on water and lost balance due to a "technical failure." AdvertisementSeveral people were admitted to hospital after an Iranian warship capsized at the port city of ​​Bandar Abbas on Sunday, Iran's state media reported. The Sahand, a domestically produced Moudge-class frigate, was undergoing repairs when it lost balance and partially sank, per the Mehr News Agency. The mishap was due to a "technical failure," Mehr reported.
Persons: , ​ ​ Bandar, Mehr Organizations: Service, Mehr News Agency Locations: Iranian, Bandar Abbas, Strait, Hormuz, State, , ​ ​ Bandar Abbas
Read previewItaly has seized parts for two combat drones disguised as wind turbines in containers en route from China to Libya, customs and maritime authorities said on Tuesday. AdvertisementFootage of Italian authorities intercepting components of two Chinese Wing Loong II UAVs disguised as wind turbines that were heading to Libya. AdvertisementItalian officials stand next to drone parts disguised as wind turbines. Guardia di FinanzaAs a long-endurance and remotely controlled weapons platform, the Wing Loong-2 is often compared to the US-made MQ-9 Reaper, though its maximum speed and altitude are inferior to the latter. AdvertisementThe UN report and a BBC investigation found that Wing Loong-2 drones were likely supplied by the United Arab Emirates, which has long been accused of backing Haftar.
Persons: , Gioia Tauro, Loong, ALY7IBwRaA, WeKoW0i7Rs, Khalifa Haftar, Haftar's, Muammar, he's Organizations: Service, Financial Police, Business, Investigators, MSC Arina, MSC Apolline, Libyan, Financial Guard, Guardia, Times, Guard, United Nations, Libyan National Army, UN, United Arab Emirates Locations: Italy, China, Libya, London, Benghazi, Beijing, Muammar Gaddafi's, Russia, Moscow, Tripoli, Canada
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