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☆ Inside the Elaborate, Enviable Design of Three New York Homes
▼ + stars: | 2023-09-21 | by ( ) www.nytimes.com time to read: +34 min

If You Can Make It Here Great design for a great city (New York, of course — where else?) In the oak-paneled living room of Justinian Kfoury’s apartment in a townhouse on Washington Square Park, an Audubon-style print and a Hans Wegner Papa Bear chair. “She was eccentric, grand, but not afraid of making weird decisions about design.” In the living room, a 1975 Leonid Berman painting of the Venice Lagoon hangs between the French doors. A view of the double-height living room from the curved balcony on the third floor. A sculpture by Huma Bhabha and a configuration of five Isamu Noguchi L7 pendants in the landing that separates the primary suite from the living room.

Persons: it’s, Mishan, there’s, —, Justinian, Hans Wegner Papa Bear, Paavo, Marc Hundley, that’s, Adriana Lara, Nicholas Krushenick, ”, Justinian Kfoury, downtowners, He’d, Trish Goff, Kfoury, “, Leonid Berman, Jelto ”, Tomma Abts, Paul Cadmus, Edith Wharton, Henry James, Paul van der, ” Kfoury, Joe Roberts, Mary Cameron Goodyear, Kfoury’s, He’s, Wolfgang Tillmans, they’d, It’s, Lorna Simpson, Mario Bellini, Misha Kahn, Michael Anastassiades, Glenn Ligon’s, Frank Bowling, Piet Hein Eek, Miriam Cahn, Paul Pfeiffer’s, Leah Panlilio, Tal Schori, Rustam Mehta, Adam Pogue, Constantino Buccolieri, Michael Kirkland, Alvar Aalto, Cy Twombly’s, Ho, Huma Bhabha, Isamu Noguchi, Nairy Baghramian, Coco Fusco, Robert Vinas Jr, Duro Olowu, Mark Ellison, Adam Marelli, Bob Chan, Isamu Noguchi Akari, Danh Vo, Nairy, ‘, Laura Mac Donald, Theaster Gates, Frank Lloyd, Kirkland, Ettore, Parsons, Jasper Johns, Merce Cunningham, Julianne Moore, Bart Freundlich’s Montauk, Bart Freundlich’s, Moore, Tom Volk, Oliver Freundlich, Anne’s, Pierre Jeanneret, Willy Van Der, Ori Gersht, she’s, ” It’s, Bart Freundlich, Tomas Maier, Bottega, Andrew Geller, Norman Jaffe, Freundlich, ” Moore, Moore’s, Liv, Caleb, Robert Gurr, Pierre, Noguchi, Alma Allen, Joseph Dirand, Oliver, “ I’m, ” Oliver, grins, MOORE, Anne Love Smith, Massimiliano Locatelli, Daniel Romualdez, Vincent Van Duysen, Charlotte Perriand, Pierre Chapo, Willy Van Der Meeren, Friedrich Kunath, Mark Wilson, Donald Judd, Wilson, Karl Springer, Rogan Gregory, Nancy Pearce, Oscar, Alice ”, Alexander Calder, Andrea Zittel, JB Blunk, AFTRA, Hope, ‘ You’re, ’ ” Organizations: Manhattan’s, Yorkers, that’s, Audubon, Washington, East Village, brac, AS, Fifth, Fort Standard, GRT Architects, Architects, Walt Disney Concert Hall, Soane Britain, Hamptons, WHO, Writers Guild of America, SAG, “ Locations: New York, Paris, London, Rome , New York, It’s, Washington, Manhattan, Harlem, Montauk, American, Chinatown, York, New York’s Washington, Kennebunkport, England, East, Boston, Lebanon, Maine, Vermont, Venice, Moroccan, North, Kfoury’s, New York’s Harlem, Westchester County, N.Y, Brooklyn, Italian, Finnish, Rome, Los Angeles, Korean, Berlin, Iranian, Chicago, North Carolina, California, Summerhill, Long, Fort Pond, New York City, Pond, Morentz, Scottish, Japanese American, Belgian, East Hampton, Japan, “, Swiss

☆ Julianne Moore’s Montauk Sanctuary
▼ + stars: | 2023-09-21 | by ( Nick Haramis | ) www.nytimes.com time to read: +34 min

— HANYA YANAGIHARASpeak Softly In a wild meadow by the sea, Julianne Moore and Bart Freundlich’s Montauk house uses just a few materials to say many things. In Moore’s office, a Pierre Jeanneret desk and chair, an Alvar Aalto stool and a Willy Van Der Meeren cabinet. In the oak-paneled living room of Justinian Kfoury’s apartment in a townhouse on Washington Square Park, an Audubon-style print and a Hans Wegner Papa Bear chair. A view of the double-height living room from the curved balcony on the third floor. A sculpture by Huma Bhabha and a configuration of five Isamu Noguchi L7 pendants in the landing that separates the primary suite from the living room.

Persons: it’s, Mishan, there’s, —, Julianne Moore, Bart Freundlich’s Montauk, Bart Freundlich’s, Moore, Tom Volk, Oliver Freundlich, Anne’s, Pierre Jeanneret, Alvar Aalto, Willy Van Der, Ori Gersht, she’s, ” It’s, ”, “, Bart Freundlich, Tomas Maier, Bottega, Andrew Geller, Norman Jaffe, Freundlich, ” Moore, Moore’s, Liv, Caleb, Robert Gurr, Isamu Noguchi, Pierre, Noguchi, Alma Allen, Joseph Dirand, Oliver, “ I’m, ” Oliver, grins, MOORE, Anne Love Smith, Massimiliano Locatelli, Daniel Romualdez, Vincent Van Duysen, Charlotte Perriand, Pierre Chapo, Willy Van Der Meeren, Friedrich Kunath, Mark Wilson, Donald Judd, Wilson, Mario Bellini, Karl Springer, Rogan Gregory, Nancy Pearce, Oscar, Alice ”, Alexander Calder, Andrea Zittel, JB Blunk, AFTRA, Hope, It’s, ‘ You’re, ’ ”, Justinian, Hans Wegner Papa Bear, Paavo, Marc Hundley, that’s, Adriana Lara, Nicholas Krushenick, Justinian Kfoury, downtowners, He’d, Trish Goff, Kfoury, Leonid Berman, Jelto ”, Tomma Abts, Paul Cadmus, Edith Wharton, Henry James, Paul van der, ” Kfoury, Joe Roberts, Mary Cameron Goodyear, Kfoury’s, He’s, Wolfgang Tillmans, they’d, Lorna Simpson, Misha Kahn, Michael Anastassiades, Glenn Ligon’s, Frank Bowling, Piet Hein Eek, Miriam Cahn, Paul Pfeiffer’s, Leah Panlilio, Tal Schori, Rustam Mehta, Adam Pogue, Constantino Buccolieri, Michael Kirkland, Cy Twombly’s, Ho, Huma Bhabha, Nairy Baghramian, Coco Fusco, Robert Vinas Jr, Duro Olowu, Mark Ellison, Adam Marelli, Bob Chan, Isamu Noguchi Akari, Danh Vo, Nairy, ‘, Laura Mac Donald, Theaster Gates, Frank Lloyd, Kirkland, Ettore, Parsons, Jasper Johns, Merce Cunningham Organizations: Manhattan’s, Yorkers, that’s, Hamptons, WHO, Writers Guild of America, SAG, “, Audubon, Washington, East Village, brac, AS, Fifth, Fort Standard, GRT Architects, Architects, Walt Disney Concert Hall, Soane Britain Locations: New York, Paris, London, Rome , New York, It’s, Washington, Manhattan, Harlem, Montauk, American, Chinatown, York, N.Y, Summerhill, Long, Fort Pond, New York City, Pond, North Carolina, Morentz, Scottish, Japanese American, Belgian, East Hampton, Japan, “, California, Swiss, New York’s Washington, Kennebunkport, England, East, Boston, Lebanon, Maine, Vermont, Venice, Moroccan, North, Kfoury’s, New York’s Harlem, Westchester County, Brooklyn, Italian, Finnish, Rome, Los Angeles, Korean, Berlin, Iranian, Chicago

In this photo provided by the Israeli police, an Israeli tank that was stolen from a military zone is seen in a junkyard near Haifa, Israel, Wednesday, Sept. 20, 2022. Israeli authorities are trying to figure out how the tank was stolen from a military training zone and taken to the junkyard in northern Israel. The army said that the tank was unarmed and had been out of service for many years. (Israeli Police via AP) HO

Organizations: Police, AP Locations: Haifa, Israel

☆ South Korea's Yoon tells UN that Russia helping North Korea would be 'direct provocation'
▼ + stars: | 2023-09-20 | by ( ) www.reuters.com time to read: +3 min

South Korean President Yoon Suk-yeol attends the ASEAN-South Korea Summit at the Association of the Southeast Asian Nations (ASEAN) Summit in Jakarta, Indonesia, September 6, 2023. A South Korean presidential aide rejected this, saying South Korea had been "watching military transactions take place for several months prior to the summit" between Kim and Putin. On Wednesday, Kremlin spokesman Dmitry Peskov said Russia wants to expand ties with North Korea in all possible areas. On Tuesday, South Korea's vice foreign minister, Chang Ho-jin, summoned Russia's ambassador to urge Moscow to abandon any potential arms deals with North Korea, warning of "clear consequences." The South Korean presidential aide said discussions were underway with the United States and other countries to impose more sanctions on Russia and North Korea.

Persons: Yoon Suk, yeol, Tatan, Yoon Suk Yeol, Yoon, Kim Jong Un, Vladimir Putin, Putin, Kim, Dmitry Peskov, Chang Ho, Hyonhee Shin, David Brunnstrom, Grant McCool Organizations: South, ASEAN, South Korea Summit, Association of, Southeast Asian Nations, UNITED NATIONS, General Assembly, . Security, ., Security, North, South Korean, Thomson Locations: Jakarta, Indonesia, SEOUL, Russia, North Korea, Ukraine, Seoul, South Korea, Pyongyang, Washington, Republic of Korea, Korean, Moscow, United States

SACRAMENTO, Calif. (AP) — Sacramento’s top prosecutor is suing the city’s leaders over failure to cleanup homeless encampments, escalating a monthslong dispute with leaders in California’s capital city. A group of residents and business owners also filed a companion lawsuit against the city. The lawsuit includes accounts from dozens of city residents living around 14 encampments. Roughly three-quarters of the county’s homeless population is unsheltered, and the majority of that group are living on Sacramento streets. City Attorney Susana Alcala Wood's office has also repeatedly urged Ho to work with the city to address the issue, she said.

Persons: —, Attorney Thien Ho, Ho, ” Ho, Darrell Steinberg, Steinberg, ” Steinberg, ”, Susana Alcala Wood's, Alcala Wood, he’s, Emily Webb, “ We're, “, ” Critics Organizations: Attorney, Sacramento County, Sacramento, City, ” Locations: SACRAMENTO, Calif, California’s, . County, Sacramento, California

☆ Buy Micron stock as a chip downcycle ends and stronger pricing emerges, Deutsche Bank says
▼ + stars: | 2023-09-18 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

Micron could be on the verge of gaining stronger pricing power, according to Deutsche Bank. The firm upgraded Micron stock to buy from hold on Sunday, and upgraded its target price to $85 from $65. Stock in the memory and storage solutions company has soared nearly 40% from the start of 2023. MU YTD mountain Micron stock. The analyst added that a previous cautious stance on Micron underpinned by excess inventory has largely abated, and Micron is now seeing stronger demand and pricing power for chips like the HBM DDR5 line of memory chips.

Persons: Sidney Ho, Ho, — CNBC's Michael Bloom Organizations: Micron, Deutsche Bank, MU, Wall, MIcron Locations: Stock

☆ Meet the typical Hong Kong millennial: They're supporting their parents, can't afford to buy homes, and have zero interest in moving to mainland China
▼ + stars: | 2023-09-18 | by ( Faye Bradley | ) www.businessinsider.com time to read: +19 min

He earns 1.5 million Hong Kong dollars a year, or $191,000, including the base salary and three months' bonus — well above the average annual salary in Hong Kong. A protester on June 12, 2019 in Hong Kong when crowds gathered in central Hong Kong as the city braced for another mass rally. Anthony Kwan/Getty ImagesThe Hong Kong protests took place between 2019 and 2020, with many students and adults taking to the streets to fight back against the government's decision to introduce an extradition bill between Hong Kong and China. University of Hong Kong was ranked 31st and Chinese University of Hong Kong was 45, on the World University Rankings in 2023. Hong Kong millennials struggle to prioritize well-being, according to a survey run by British health insurance company Bupa.

Persons: Hong Kong's, Ken Ho, Hong Kongers, Ho, Kongers, —, hasn't, Summer Ng, Tau Kok, Ng, Hong, Kong's, Getty, Hong Kong millennials, it's, Aniqah Bhatnagar, Bhatnagar, Wilson Ho, Wilson Ho Wilson, Kai Tak, Anthony Kwan, Xu Huang, Huang, millennials, Gen Zs, Morgan McKinley, Zurine Lau, I'm, Yuen Long, Lau, Nick Shin Nick Shin, Tai Koo, They're Organizations: Service, University College London, Imperial College London, Fidelity Investments, Hong, HK, BBC, Property Management, Hong Kong, Hong Kong Baptist University, Deloitte Global, Statistics Department, University of Hong Kong, University of Hong, World, Family Planning Association, millennials, Hong Kong Free Press, CNN Locations: Hong Kong, Wall, Silicon, Kennedy Town, Kowloon Bay, Kwun Tong, Hong Kong's, United Kingdom, People's Republic of China, British, Asia, Hong, millennials, India, Kowloon, Kai, China, Singapore, Sydney, South America, ymgerman, South Korea, Hong Kong . Hong Kong, University of Hong Kong, New Territories, Tai

☆ Senior S.Korea, US officials agree N.Korea-Russia arms cooperation violates UN sanctions
▼ + stars: | 2023-09-15 | by ( ) www.reuters.com time to read: +2 min

North Korean leader Kim Jong Un and Russia's President Vladimir Putin talk during a tour, in Russia, September 13, 2023 in this image released by North Korea's Korean Central News Agency. The officials, meeting in Seoul to discuss "extended deterrence" against growing threats from North Korea, called on Moscow to show responsibility as a permanent member of the Security Council. "We agreed to work together to ensure there is a price to pay for the grave violation of Security Council resolutions," South Korean Vice Foreign Minister Chang Ho-jin told a news conference. Under Secretary of Defence Sasha Baker said the allies will identify, expose and counter Russian attempts to acquire military equipment for the war in Ukraine. U.S. and South Korean officials have expressed concern that the summit between the increasingly isolated Moscow and Pyongyang was aimed at allowing Russia to acquire ammunition from the North to supplement its dwindling stocks.

Persons: Kim Jong, Vladimir Putin, Chang Ho, Kim Jong Un, Sasha Baker, Bonnie Jenkins, Soo, hyang Choi, Hyonhee Shin, Hyunsu Yim, Jacqueline Wong Organizations: North, Korean Central News Agency, KCNA, REUTERS, Rights, United, Security, South Korean, U.S, Thomson Locations: Russia, Rights SEOUL, South Korea, North Korea, Seoul, Moscow, Ukraine, Russian, Pyongyang

☆ South Korea warns North Korea, Russia against breaching UN resolutions
▼ + stars: | 2023-09-14 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Kim Hong-Ji/File photo Acquire Licensing RightsSEOUL, Sept 14 (Reuters) - South Korea's National Security Council (NSC) said on Thursday North Korea and Russia would "pay a price" if they violate U.N. Security Council resolutions. "The government said that with any actions that threaten our security by North Korea and Russia violating (U.N.) Security Council resolutions, there will be a price to pay," it said. The message comes after the NSC held a meeting to discuss the summit between North Korean leader Kim Jong Un and Russian President Vladimir Putin. The South Korean meeting was attended by senior officials including the foreign minister as well as the unification minister, who is in charge of relations with North Korea. Earlier, Unification Minister Kim Young-ho also expressed concern over military cooperation between North Korea and Russia.

Persons: Kim Hong, Kim Jong Un, Vladimir Putin, Kim Young, ho, Hyunsu Yim, Kevin Liffey, Angus MacSwan Organizations: REUTERS, Rights, Korea's National Security Council, Thursday North, NSC, Unification, Thomson Locations: Paju, South Korea, Rights SEOUL, Thursday North Korea, Russia, Pyongyang, Moscow, United States, Japan, North Korea, Russian, Angus

[1/2] Chairman and CEO of Vietnam's leading tech firm FPT Truong Gia Binh poses during an interview with Reuters at the company's headquarters in Hanoi, Vietnam September 11, 2023. REUTERS/Francesco Guarascio Acquire Licensing RightsHANOI, Sept 14 (Reuters) - Vietnam's leading tech firm FPT (FPT.HM) has orders for nearly 70 million chips through 2025 and is eyeing expansion in Artificial Intelligence (AI) and technical training, the company's chief said. It offers AI, cloud and big data services to clients in 29 countries and is also growing in chip designing and education. FPT sealed a partnership with U.S. firm Landing AI to boost its training capabilities, the company said. The new law was a "game-changer" because it created the conditions for foreign countries, "other than China", to expand, and U.S. pledges this week to boost Vietnam's chips sector further confirmed that, he said.

Persons: Gia Binh, Francesco Guarascio, FPT, Joe Biden's, Truong Gia Binh, Binh, Francesco Guarascio @fraguarascio, Phuong Nguyen, Lincoln Organizations: Reuters, REUTERS, Rights, Artificial Intelligence, U.S, Nvidia, Samsung, JPMorgan, Thomson Locations: Hanoi, Vietnam, Rights HANOI, Chi Minh City, Moscow, U.S, China, Taiwan, South Korea, Japan, Korean, United States

☆ 'Just a temporary blip’: Chinese travelers will be back, says Banyan Tree founder
▼ + stars: | 2023-09-14 | by ( Monica Pitrelli | ) www.cnbc.com time to read: 1 min

A dearth of Chinese travelers is nothing to "worry about," said Banyan Tree Holdings founder Ho Kwon Ping. "Most of us in the hospitality industry, a year or so ago, predicted that Chinese tourism would only start to rebound around maybe this year or even next year." For Banyan Tree Holdings — which operates more than 60 hotels in 17 countries — Ho said "Chinese tourism [is] coming back quite strongly." What's missing are the "mass group tours, which provide the numbers, but they don't come to our hotels anyway," he said. "So you have a lot more free individual travelers … and they're the ones who can pay the higher airfares and so on."

Persons: Ho Kwon Ping, CNBC's Chery Kang, — Ho Organizations: Tree Holdings, Milken, Holdings Locations: China

☆ Extreme weather may cost the global fashion industry $65 billion by 2030
▼ + stars: | 2023-09-14 | by ( Michelle Toh | ) edition.cnn.com time to read: +4 min

Together, they account for 18% of global apparel exports, roughly 10,000 clothing and footwear factories and more than 10.6 million manufacturing workers. Pakistan, especially, is no stranger to extreme weather, with more than one third of the country underwater last year during its worst floods in history. The first scenario includes the assumption that heat stress will cause considerable changes in worker productivity. For example, output may decline by about 1.5% for each 1°C increase in the “wet-bulb globe temperature,” a measure of heat stress, according to the report. “Workers need these investments now because extreme heat standards and flood protections are non-existent.”

Persons: Mohammad Ponir Hossain, Schroders, Jason Judd Organizations: Hong Kong CNN, Cornell University, Schroders, Fashion, Cornell’s Global Labor Institute, Reuters, Cornell, “ Workers Locations: Hong Kong, Bangladesh, Pakistan, Vietnam, Cambodia, Schroders, Dhaka, Phnom Penh, Karachi, Lahore, Ho Chi Minh City, Hanoi, South, Southeast Asia

☆ Ho Kwon Ping on China's tourism rebound and property market trouble
▼ + stars: | 2023-09-13 | 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 EmailHo Kwon Ping on China's tourism rebound and property market troubleHo Kwon Ping, Executive Chairman of Banyan Tree Holdings says the current weakness in China's tourism industry is just "a blip" and would definitely recover.

Persons: Ho Kwon, Ho Kwon Ping Organizations: Banyan Tree Holdings

☆ Kim invites Putin to North Korea as he continues Russia visit - KCNA
▼ + stars: | 2023-09-13 | by ( Hyonhee Shin | ) www.reuters.com time to read: +4 min

Putin accepted the invitation, state news agency KCNA said, without mentioning when a visit might take place. "At the end of the reception, Kim Jong Un courteously invited Putin to visit the DPRK at a convenient time," KCNA said, referring to the Democratic People's Republic of Korea, North Korea's formal name. On Wednesday, Kremlin spokesman Dmitry Peskov had said there was no plan for Putin to visit Pyongyang. The U.S. State Department said the Biden administration "won't hesitate" to impose additional sanctions on Russia and North Korea if they conclude any new arms deals. On Wednesday, Putin gave numerous hints that military cooperation was discussed but disclosed few details.

Persons: Kim Jong Un, Vladimir Putin, Kim, Putin, KCNA, Dmitry Peskov, Biden, Matthew Miller, Kim Young, Sergei Shoigu, Hyonhee Shin, Jack Kim, Soo, hyang Choi, Kim Coghill, Lincoln, Gerry Doyle Organizations: North, Korean Central News Agency, KCNA, REUTERS Acquire, Rights, Russian, Democratic People's, cosmodrome, U.S . State Department, Security, State, Thomson Locations: Amur Oblast, East Region, Russia, Rights SEOUL, Russia's Far, Russian, DPRK, Democratic People's Republic of Korea, North, Pyongyang, U.S, Ukraine, Moscow, North Korea

North Korean leader Kim Jong Un, accompanied by government officials, departs Pyongyang, North Korea, to visit Russia, September 10, 2023, in this image released by North Korea's Korean Central News Agency on September 12, 2023. Pyongyang and Moscow have denied that North Korea would supply arms to Russia, which has expended vast stocks of weapons in more than 18 months of war. "The presence of Jo Chun Ryong indicates that North Korea and Russia will conclude some type of agreement for munitions purchases," said Michael Madden, a North Korea leadership expert at the Washington-based Stimson Center. The U.S. State Department said any transfer of arms from North Korea to Russia would violate U.N. Security Council resolutions, which ban any arms transactions with North Korea. Russia had voted, along with China, to approve Security Council resolutions as late as 2017 punishing North Korea for ballistic missile launches and nuclear tests.

Persons: Kim Jong Un, Kremlin, Vladimir Putin, Kim, Dmitry Peskov, Putin, Peskov, Jo Chun Ryong, Michael Madden, Chang Ho, Matthew Miller, Sergei Shoigu, Hyunsu Yim, Hyonhee Shin, Josh Smith, Kiyoshi Takenaka, Lidia Kelly, Steve Holland, Humeyra Pamuk, Jack Kim, Gerry Doyle Organizations: North, Korean Central News Agency, KCNA, REUTERS Acquire, Rights, Kyodo, South Korea's Defence, TASS, Eastern Economic, OF, North Korean, Munitions Industry, Stimson, . South Korean, The U.S . State Department, Department, Russian Defence, Reuters, Thomson Locations: Pyongyang, North Korea, Russia, Rights SEOUL, WASHINGTON, Washington, Khasan, South, China, Ukraine, Vladivostok, Moscow, Korea, The, Seoul, Tokyo, Melbourne

[1/2] Hostess Brands "Twinkies" are displayed in a store in the Manhattan borough of New York City, U.S. July 5, 2016. Smucker (SJM.N) said on Monday it will buy Twinkies-maker Hostess Brands (TWNK.O) in a $5.6 billion deal, as major U.S. packaged food companies look to expand their brand portfolios with pandemic-era fortunes dwindling. J. M. Smucker will pay Hostess shareholders $34.25 per share in a cash and stock deal, representing a premium of 54% since the day before the report surfaced. Hostess Brands became an acquisition target after it managed to boost its revenue through price hikes that fueled investor concerns over its prospects with its volume growth consistently declining. Smucker and Hostess deal follows a spree of other deals including that of Campbell Soup's (CPB.N) $2.7 billion deal for Rao's sauce maker Sovos Brands (SOVO.O) and Unilever (ULVR.L) buying premium frozen yogurt brand Yasso in North America.

Persons: Brendan McDermid, Smucker, Campbell Soup's, Hostess, Ding Dongs, Dimpal Gulwani, Ananya Mariam Rajesh, Anirban Sen, Savio D'Souza, Shinjini Organizations: REUTERS, Hostess Brands, Reuters, Hostess, Mills Inc, Mondelez, PepsiCo Inc, Hershey Co, Sovos, Unilever, Hos, Thomson Locations: Manhattan, New York City, U.S, North America, Lenexa , Kansas, Ho, Bengaluru, New York

The United States imported nearly $127.5 billion in goods from Vietnam in 2022, compared with $101.9 billion in 2021 and $79.6 billion in 2020, according to US government data. The United States needs a trusted partner for its supply of chips, and Vietnam can do just that, Osius said. But that compares favorably with a global growth forecast of 3%, and is noticeably faster many of the world’s major economies, such as the United States, China and the eurozone. Politically, Vietnam shares many similarities to China in that it is an authoritarian one-party state that tolerates little dissent. Vietnam is an obvious choice, because it’s a cheap alternative to manufacturing in China, said García-Herrero.

Persons: Joe Biden, ”, Donald Trump’s, Nguyen Phu Trong, Biden, Antony Blinken, Evan Vucci, ” Ted Osius, Janet Yellen, Michael Every, Alicia García, Osius, chipmaker, Ho, “ We’re, Natixis, ” Osius, “, — CNN’s Kyle Feldscher, Jeremy Diamond, Kevin Liptak Organizations: Hong Kong CNN, America, Apple, Intel, House, Communist Party of, ASEAN Business Council, CNN, United, Atlantic Council, Rabobank, White House, United State, Monetary Fund, “, Netflix, Boeing Locations: Hong Kong, Vietnam, Washington, Hanoi, China, Asia, India, Communist Party of Vietnam, United States, Hanoi Nguyen Huy Kham, United, Beijing, The California, Ho Chi Minh City, Asia underwhelms

☆ What to Know About the New Covid Booster Shots
▼ + stars: | 2023-09-11 | by ( Knvul Sheikh | ) www.nytimes.com time to read: +2 min

How are the new Covid shots different from the last ones? Unlike the bivalent shots from last fall, the latest mRNA vaccines developed by Pfizer and Moderna are monovalent, meaning they are designed to protect against just one variant: XBB.1.5, a recent descendant of Omicron that emerged earlier this year. Vaccine makers Pfizer and Moderna have also announced that, according to their initial research, the new Covid vaccines provide good protection against both EG.5 and BA.2.86. The new shots do not include protection against the original virus, which may actually help broaden protection against new variants. “Our immune system, when we have seen something, is biased to seeing that again,” Dr. Ho said.

Persons: David Ho, “, ”, ” Dr, Ho Organizations: Pfizer, Moderna, Columbia University, Vaccine, EG, Regulators, XBB

[1/2] Hostess Brands "Twinkies" are displayed in a store in the Manhattan borough of New York City, U.S. July 5, 2016. Smucker (SJM.N) on Monday agreed to buy Twinkies maker Hostess Brands (TWNK.O) for $5.6 billion including debt in a deal that unites two major American snack makers. The deal was worth about $4.6 billion excluding debt, with Jif peanut butter maker Smucker paying Hostess shareholders $34.25 per share. Campbell Soup's (CPB.N) recent acquisition of Rao's sauce maker Sovos Brands (SOVO.O) represented an adjusted EBITDA multiple of 14.6 times, including run rate savings, and 19.8 times excluding those. Based in Lenexa, Kansas, Hostess was founded in 1930 and is behind several iconic household brands, including Ho-Hos, Ding Dongs, Zingers, and Voortman cookies and wafers.

Persons: Brendan McDermid, Smucker, Campbell Soup's, Smucker's, Campbell, Hostess, Ding Dongs, Dean Metropoulos, Alec Gores, Ananya Mariam Rajesh, Anirban Sen, Abigail Summerville, Dimpal, Savio D'Souza, Shinjini Ganguli, Jason Neely Organizations: REUTERS, Hostess Brands, Reuters, Sovos, JPMorgan, Sovos Brands, Hos, Smucker, Apollo Global Management Inc, Hostess, Thomson Locations: Manhattan, New York City, U.S, North America, Lenexa , Kansas, Ho, Bengaluru, New York

☆ J.M. Smucker is buying Twinkies maker Hostess for $5.6 billion
▼ + stars: | 2023-09-11 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN —Hostess, the maker of Twinkies and Ho Hos, is being purchased by J.M. Hostess stockholders will get $30 in cash along with .03002 shares of Smucker’s stock for each Hostess share they own, with the deal expected to close in 2024. Hostess was founded in 1919 and started making Twinkies in 1930. It filed for bankruptcy in January 2012, and stopped making its products, including Twinkies, in November of that year during a strike by Bakery Workers union. The firms of Apollo Global Management and C. Dean Metropoulos & Co. returned Twinkies to store shelves in July 2013 after acquiring the asset from Hostess.

Persons: “, Andy Callahan, Ding Dongs, Smucker, Dean Metropoulos Organizations: New, New York CNN, J.M, ”, Bakery Workers, Apollo Global Management, Co, Hostess Locations: New York, Ho

☆ What planning my digital afterlife at age 27 taught me about my millennial FOMO
▼ + stars: | 2023-09-11 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +6 min

But recently, X, formerly known as Twitter, was called out by grieving relatives for purging accounts belonging to their dead loved ones. But the normalization of memorialized accounts and grieving online have made the prospect of planning your digital afterlife far less absurd, he added. To be clear, MyWishes lets you create only a nonbinding plan for your digital accounts. It doesn't allow you to pass along information such as passwords or give your loved ones full control of your social media. AdvertisementAdvertisementStill, it's a useful starting point while planning your digital afterlife.

Persons: James Norris, MyWishes, —, Norris, Kai Xiang Teo, curating, Kai Xiang Teo Notably, you've, MyWishes isn't, Andy Ho, it's Organizations: Service, Apple, Meta, Google, Twitter, Nanyang Technological University Locations: Wall, Silicon

☆ Opinion | The Youth in China Can’t Find Work. That’s a Problem for Xi Jinping.
▼ + stars: | 2023-09-08 | by ( Ho-Fung Hung | ) www.nytimes.com time to read: +1 min

It promptly decided to suspend future publication of its urban youth unemployment rate. The current data is bad enough; it’s about the same youth unemployment rate across the Middle East on the eve of the Arab Spring. The Chinese Communist Party knows very well that young, educated and unemployed people concentrated in big cities have the capacity to challenge authority. has had to contend with urban unemployment. After the founding of the People’s Republic in 1949, Chinese peasants fled the dilapidated countryside to find work in the big cities.

Organizations: Chinese Communist Party Locations: People’s Republic

A Wall Street sign is pictured outside the New York Stock Exchange in New York, October 28, 2013. Barclays (BARC.L), Goldman Sachs (GS.N), JPMorgan Chase (JPM.N), and Mizuho Financial Group (8411.T) are the lead underwriters for the offering. Goldman Sachs, Morgan Stanley and Citigroup are lead underwriters on the offering, the company said in its filing. Its shares are expected to begin trading on the New York Stock Exchange under the ticker symbol "KVYO". Citigroup, Morgan Stanley, UBS, and Bank of America are underwriters of the IPO, according to the filing.

Persons: Carlo Allegri, T Rowe Price, Goldman Sachs, JPMorgan Chase, Instacart, Fidji Simo, confidentially, Klaviyo, Morgan Stanley, Chibuike Oguh, Lance Tupper, Michelle Price, Aurora Ellis Organizations: New York Stock Exchange, REUTERS, Arm Holdings, Japan's Softbank, U.S . Securities, Exchange Commission, SEC, Apple, Nvidia, Devices, Intel, Samsung Electronics, AMD, Samsung, Taiwan Semiconductor Manufacturing Company, Barclays, JPMorgan, Mizuho Financial Group, underwriters, Nasdaq, Norges Bank Investment Management, Norges Bank, Sequoia Capital, D1 Capital Partners, Valiant Capital Management, Facebook, Reuters, Summit Partners, Citigroup, VNG Corp, HK, Temasek, UBS, Bank of America, Thomson Locations: New York, U.S, Russia, Ukraine, Baltimore, TCV, Sequoia, Canadian, United States, Chi Minh City, Singapore

☆ Possible North Korea-Russia weapons deal could be big boost for Kim Jong Un, analysts say
▼ + stars: | 2023-09-07 | by ( Brad Lendon | ) edition.cnn.com time to read: +6 min

Seoul, South Korea CNN —Russia’s failures on the battlefield in Ukraine could turn into a win for North Korea. It would also come after 17 years of UN sanctions aimed at hampering North Korea’s ability to build a fully functioning nuclear weapons and ballistic missile force. North Korea has attempted two satellite launches this year; both ended in failure. Russia’s “purchases will undermine the North Korea sanctions regime and help to generate revenue for the Kim regime. “North Korea makes good what I call heavy industrial weapons,” Schuster said.

Persons: South Korea CNN —, Kim Jong Un, Vladimir Putin, “, Sergei Shoigu, Kim, ”, Leif, Eric Easley, Kim Jong, Putin, Doo, Carl Schuster, ” Schuster, Daniel Salisbury, –, ” Salisbury, Schuster, ” Doo, Joseph Dempsey, Trent Telenko, ” Telenko Organizations: South Korea CNN, North, United Nations, US National Security Council, ”, Russian, Putin, Ewha Womans University, CNN, Foreign Relations, Korea Institute for Defense, Pacific Command’s Joint Intelligence Center, King’s College London, Russia, US Navy, UN Security Council, International Institute for Strategic Studies, Siberian Railway, US ’ Defense Contract Management Agency Locations: Seoul, South Korea, Ukraine, North Korea, Pyongyang, Russia, Moscow, West, Korea, Iran, Korean, “, Japan, Russian, Vladivostok

Nicknamed "Pirola" on social media, the BA.2.86 Omicron subvariant is being tracked by both the World Health Organization (WHO) and the U.S. Centers for Disease Control and Prevention (CDC). As of Aug. 30, CDC said the BA.2.86 variant was detected in at least four U.S. states in people or wastewater. Delaware on Tuesday said it had detected a BA.2.86 infection at a hospital. Moderna on Wednesday said clinical data showed that its retooled COVID vaccine generated a nearly 9-fold increase in human antibodies that can neutralize BA.2.86. Pfizer said on Wednesday that its updated COVID shot showed neutralizing activity against BA.2.86 and EG.5 in studies conducted on mice.

Persons: Emily Elconin, David Dowdy, Dowdy, Dan Barouch, David Ho, Deena Beasley, Julie Steenhuysen, Bill Berkrot Organizations: REUTERS, Moderna, Pfizer, World Health Organization, WHO, U.S . Centers for Disease Control, Prevention, CDC, EG, Omicron, East, Johns Hopkins Bloomberg School of Public Health, Center, Virology, Vaccine, Beth Israel Deaconess Medical, Columbia University, U.S . Food, Drug Administration, Thomson Locations: Waterford , Michigan, U.S, Europe, Asia, Delaware, East Coast, Boston, Sweden, China

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