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New Delhi CNN —Huawei is not only making a roaring comeback in China, it is also on the verge of overtaking Apple in the world’s largest smartphone market. Its market share now stands at 15.7%, while Huawei’s has jumped to 15.5%, from 9.3% last year. Counterpoint’s data comes just days after another market research firm IDC said Apple’s global smartphone sales had tumbled 10% in the first quarter, mainly because of loss of momentum in China. Overall smartphone sales in China grew 1.5% in the first quarter, according to Counterpoint. Local smartphone makers Vivo and Honor were the top two brands by market share.
Persons: , Ivan Lam, Huawei’s Organizations: New, New Delhi CNN, Huawei, Apple, Research, IDC Locations: New Delhi, China, Shenzhen, Washington, Beijing, United States, China . China
META mountain 2022-11-03 Meta's stock performance since Nov. 3, 2022, which marked its lowest close during its dramatic sell-off that year. In a recent Wedbush consumer survey, 60% of TikTok users who responded said either Facebook or Instagram were their top alternatives if TikTok were to be banned. That was followed by 19% of TikTok users who said they would go to YouTube. Meanwhile, Deutsche Bank said Meta's stock could see more upside in light of a potential TikTok ban. After initially being a drag on revenue, Meta has said Reels is now a positive contributor across its apps.
Persons: Jim, Joe Biden, ByteDance, Shou Zi Chew, TikTok, , FactSet, monetization, Philipp Schindler, We'll, Jim Cramer's, Jim Cramer, Avishek Das Organizations: Facebook, Chinese Communist Party, CNBC, Street, Meta, YouTube, Google, Wedbush Securities, Deutsche Bank, Getty Locations: U.S, Washington, Ukraine, Israel, Taiwan, China
The presence of the US Army’s Mid-Range Capability (MRC) ground-based missile system, increases the risks of “misjudgment and miscalculation” in a region already on edge over Chinese-Philippines face-offs in the South China Sea, Beijing says. It’s the first-ever deployment of the MRC missile system, also known as the Typhon system, to the Indo-Pacific theater, and it comes amid a series of US-Philippine military exercises, including the largest-ever edition of the bilateral Balikatan exercises beginning Monday. It also can fire the Tomahawk Land Attack Missile, a maneuverable cruise missile with a range of 1,600 kilometers (1,000 miles), according to the CSIS. Those are the same rules Washington and Manila accuse Beijing of ignoring with aggressive Chinese actions that have injured Filipino sailors and damaged vessels around disputed features in the South China Sea. US Army PacificChina’s missile advantageAnalysts say the deployment of the Typhon missile battery is the first signal of US plans to address what has long been an advantage for Beijing in the region.
Persons: Lin Jian, ” Lin, Stephen Koehler, , equalizes, , Collin Koh, Christopher Milhal, Koh, Rupert Schulenberg, Donald Trump “, Thomas, CNN’s Steven Jiang Organizations: South Korea CNN, US, MRC, US Army, Missile Defense, Center for Strategic, International Studies, Foreign, US Pacific Fleet, Sunday, Xinhua, CNN, US Air Force, US Army Pacific, Beijing, Rajaratnam, of International Studies, People’s Liberation Army Rocket Force, , don’t, International Institute for Strategic Studies, South, Lewis, McChord, Nuclear Forces Treaty, Russian, Philippine News Agency, CNN Philippine Locations: Seoul, South Korea, China, United States, Philippines, South China Sea, Beijing, Philippine, South China, Taiwan Strait, Qingdao, Washington, Manila, Asia, Pacific, Japan, Taiwan, Guam, Singapore, South, Soviet Union, Palawan, Sulu, Spratly
Necessity Gives Rise to Bipartisanship — for Now
  + stars: | 2024-04-21 | by ( Carl Hulse | ) www.nytimes.com   time to read: +1 min
When Congress convened in 2023, an empowered far-right Republican faction in the House threatened to upend Washington and President Biden’s agenda. But the intransigence of that bloc instead forced Republicans and Democrats into an ad hoc coalition government that is now on the verge of delivering long-delayed foreign military aid and a victory to the Democratic president. The House approval on Saturday of money for Ukraine, Israel and Taiwan over angry objections from the extreme right was the latest and perhaps most striking example of a bipartisan approach forged out of necessity. The coalition first sprang up last year to spare the government a catastrophic debt default, and has reassembled at key moments since then to keep federal agencies funded. Unable to deliver legislation on their own because of a razor-thin majority and the refusal of those on the right to give ground, House Republicans had no choice but to break with their fringe members and join with Democrats if they wanted to accomplish much of anything, including bolstering Ukraine in its war against Russia.
Persons: Biden’s Organizations: Republican, Democrats, Democratic, Republicans Locations: Washington, Ukraine, Israel, Taiwan, Russia
Blinken will meet with senior Chinese officials in both Shanghai and Beijing during his April 24-26 visit, the official said. The official said Blinken has “three primary objectives for his trip to China.”“First, making progress on key issues; second, clearly and directly communicating concerns on bilateral regional and global issues; and third, responsibly managing competition,” the official said. Blinken, he continued, “will also reaffirm the importance of peace and stability across the Taiwan Strait.”During Blinken’s trip to China last June, he met in Beijing with top officials, including President Xi Jinping. The call came amid heavy global turbulence — the ongoing wars in Gaza and Ukraine, as well as North Korea’s nuclear capabilities, were topics of discussion. The two also spoke about issues that have strained the Washington-Beijing relationship, including Taiwan, China’s recent provocations in the South China Sea and Beijing’s human rights abuses.
Persons: Antony Blinken, Joe Biden, Xi, , , Blinken, Xi Jinping, Wang Yi, MJ Lee, Donald Judd Organizations: CNN, Biden, Russia, State Department, US Locations: China, Washington, Beijing, American, Shanghai, Iran, Israel, South China, , Taiwan Strait, Gaza, Ukraine, Taiwan, South
Some Democrats are fine sending defensive weapons to Israel, but want to see some limits on offensive weapons, which could be used against civilians in Gaza. But progressive Democrats estimated that 40 to 60 members of their party may oppose it on the House floor on Saturday. The legislation would allocate $5 billion to Israel’s defense capabilities and $9 billion for “worldwide humanitarian aid,” including for civilians in Gaza. “To give Netanyahu more offensive weapons at this stage, I believe, is to condone the destruction of Gaza that we’ve seen in the last six months. But they see a “no” vote as part of a strategy to pressure Mr. Biden to condition aid and halt future offensive weapons transfers.
Persons: Biden, , Pramila Jayapal, Joaquin Castro, We’re, Mr, Benjamin Netanyahu’s, , Ro Khanna, Netanyahu, Nancy Pelosi, Mike Johnson, , Becca Balint, , it’s, Lloyd Doggett, Doggett, Ms, Balint, Dan Kildee, Greg Casar Organizations: Democrats, Democratic, , Congressional Progressive Caucus, , Democrat, Israel, Democratic Party, Republican, Republicans, Texas Democrat, White House, Michigan Democrat Locations: Israel, Gaza, Iraq, Washington, Texas, Ukraine, Taiwan, United States, Rafah, Iran, California, Yemen, Louisiana, Vermont, U.S, American
CNN —Republican Speaker Mike Johnson showed political courage that is rare in Washington and notable legislative skill for an inexperienced leader in forcing a long-delayed $60 billion aid bill for Ukraine through the House of Representatives on Saturday. And 112 Republicans — a majority of the conference — voted against the Ukraine bill. And any Republican speaker propped up by Democrats might hemorrhage support among GOP lawmakers and be forced to resign. “As we deliberate on this vote, you have to ask yourself this question: Am I Chamberlain or Churchill?” he said. The accidental speaker makes an unlikely Churchill, but on Saturday he proved to be a far more daring and substantial figure than many of his Republican and Democratic critics previously believed.
Persons: Mike Johnson, Johnson, Vladimir Putin, Ronald Reagan, Joe Biden’s, , Donald Trump, Volodymyr Zelensky, , ” CNN’s Frederik Pleitgen, Putin, , Biden, Marjorie Taylor Greene, Greene, Johnson —, Kevin McCarthy’s, Marc Molinaro, CNN’s Manu Raju, Trump, Zelensky, Trump’s, Hakeem Jeffries, Mike Quigley, It’s, ” Quigley, Chuck Schumer, Jeffries, Mike McCaul, , it’s, McCaul, Chamberlain, Churchill Organizations: CNN, West, GOP, America, MAGA, United States House, Representatives, Ukraine, Republican Party, Trump, Republicans, Georgia, Mar, Democratic, Congressional Ukraine Caucus, Illinois Democrat, Foreign, Texas Republican, Republican Locations: Washington, Ukraine, Russian, Louisiana, United States, Russia, Europe, Iran, China, Israel, Taiwan, Mexico, Georgia, New York, Kyiv, Texas, Nazi Germany
A group of left-leaning House Democrats is urging its colleagues to oppose the $26 billion aid package for Israel expected to pass on Saturday, hoping to maximize the number of “no” votes from the party in a bid to send a warning to President Biden about the depth of discontent in his political coalition over his support for Israel’s tactics in Gaza. Framing the upcoming vote as a make-or-break moral choice akin to Congress’s votes to authorize and fund the Iraq war, progressive leaders in the House are working to muster a sizable bloc of Democratic opposition to the aid measure, which is all but certain to become law in the coming days. “In the wake of those votes, people came around much, much later and said, ‘We shouldn’t have allowed that to go forward,’” Representative Pramila Jayapal, Democrat of Washington and the chair of the Congressional Progressive Caucus, said of the decades-ago debate over Iraq. “And I think that this is that moment.”Representative Joaquin Castro, Democrat of Texas, called it a “defining vote,” adding, “We’re either going to participate in the carnage, or we’re not.”
Persons: Biden, , Pramila Jayapal, Joaquin Castro, We’re, Organizations: Democrats, Israel, Democratic, , Congressional Progressive Caucus, , Democrat Locations: Gaza, Iraq, Washington, Texas
Throughout the week, US officials had urged Israel not to retaliate for Iran’s unprecedented attack five days prior, when hundreds of missiles and drones were fired from inside Iran at Israel. US intelligence has long assessed that neither Iran nor Israel has any appetite for an outright war. Iranian officials have stated publicly that Iran’s policy toward Israel has changed. Then, on April 1, an Israeli strike on what Iran claims was an embassy in Syria killed seven officials, including two senior Iranian commanders. “Israel and Iran are going to be starting higher on the escalatory ladder for every future moment of conflict and that is incredibly dangerous,” said Panikoff.
Persons: Biden, , Hossein, Israel’s, CNN’s Erin Burnett, Israel, Bill Burns, George W, , Frank McKenzie, ” McKenzie, Maher Al Mounes, Mohammed Reza Zahedi, Jonathan Panikoff, Seyyed Ali Khamenei, Khamenei, Karim Sadjadpour, Qassem Soleimani, Iran —, Iran messaged, Donald Trump, stridently, , McKenzie Organizations: CNN, Israel, Iran, US, Islamic Revolutionary Guard Corps, CIA, Bush Presidential Center, Iranian, US Central Command, Getty, Lebanese Hezbollah, Iran’s, Carnegie Endowmernt Locations: Washington, Israel, Iran, Tehran, ” Iran, Islamic Republic of Iran, Dallas, Syria, Syria's, Damascus, AFP, Lebanese, Iran’s, Iraq
U.S. tech CEOs give India PM Modi boost ahead of election
  + stars: | 2024-04-18 | by ( Seema Mody | ) www.cnbc.com   time to read: +2 min
The ironclad relationship that India Prime Minister Narendra Modi has developed with CEOs of the largest U.S. tech companies is giving his nation the foreign support that India has craved for more than a decade. The promise of further economic growth in India as China's economy slows has led many American CEOs to support Modi's policies. Ahead of the election, Apple's expansion into India in particular has given Modi political clout and created more investing interest among U.S. companies, experts told CNBC. Modi has established an ongoing dialogue with a range of powerful Silicon Valley CEOs as India's national election starts. The election, which will end in early June, is expected to see more than 960 million citizens vote.
Persons: Sundar Pichai, Tim Cook, Narendra Modi, Manjari Chatterjee Miller, Modi, India's, , Pravin Krishna, Chung Ju Yung Organizations: Apple, Washington , D.C, India, Indian, CNBC, Council, Foreign Relations, Johns Hopkins University, Bharatiya Janata Party Locations: Washington ,, India, Washington, Beijing, Pakistan, South Asia, Modi's
Read previewPresident Joe Biden on Wednesday pitched his version of US-China relations to steelworkers in Pennsylvania — that Beijing isn't only failing to catch up, but struggling on its own. "They've got a population that is more people in retirement than working," Biden said of China. Those were some of the harshest comments Biden has ever made about China, though it's unclear how the president calculated his retirement figures. Instead of posturing himself a Mr. Fix-It, or a lone warrior fighting the good fight against a strong Beijing, Biden on Wednesday told blue-collar workers that the competition, as it stands, already favors America by a landslide. AdvertisementThe metals industry provides more than 120,000 jobs in Pennsylvania and some $33 billion in economic output, per an April 2023 report published by the Pennsylvania Steel Alliance.
Persons: , Joe Biden, They've, Biden, Donald Trump, Trump, I've, China's, Biden shied Organizations: Service, Wednesday, steelworkers, US Steelworkers, Business, Republican, US Steel, Japanese Nippon Steel, American, Pennsylvania Steel Alliance . Pennsylvania Locations: China, Pennsylvania —, Beijing, Pittsburgh, Washington, America, Pennsylvania
Some Democrats are fine sending defensive weapons to Israel, but want to see some limits on offensive weapons, which could be used against civilians in Gaza. But progressive Democrats estimated that 40 to 60 members of their party may oppose it on the House floor on Saturday. The legislation would allocate $5 billion to Israel’s defense capabilities and $9 billion for “worldwide humanitarian aid,” including for civilians in Gaza. “To give Netanyahu more offensive weapons at this stage, I believe, is to condone the destruction of Gaza that we’ve seen in the last six months. But they see a “no” vote as part of a strategy to pressure Mr. Biden to condition aid and halt future offensive weapons transfers.
Persons: Biden, , Pramila Jayapal, Joaquin Castro, We’re, Mr, Benjamin Netanyahu’s, , Ro Khanna, Netanyahu, Nancy Pelosi, Mike Johnson, , Becca Balint, , it’s, Lloyd Doggett, Doggett, Ms, Balint, Dan Kildee, Greg Casar Organizations: Democrats, Democratic, , Congressional Progressive Caucus, , Democrat, Israel, Democratic Party, Republican, Republicans, Texas Democrat, White House, Michigan Democrat Locations: Israel, Gaza, Iraq, Washington, Texas, Ukraine, Taiwan, United States, Rafah, Iran, California, Yemen, Louisiana, Vermont, U.S, American
Qatar hosts Hamas’ political office, but it is also home to a 10,000-troop US military base. Experts say it is unlikely Qatar will end its mediation role. Qatar's Prime Minister and Foreign Minister Sheikh Mohammed bin Abdulrahman al-Thani gives a press conference with his Turkish counterpart in Doha on Wednesday. And on Monday, Democratic US Congressman Steny Hoyer accused Qatar of “blocking” progress in the talks. The Gulf state was also a Major Non-NATO Ally, as well as key energy supplier to Western states.
Persons: Sheikh Mohammed bin Abdulrahman Al Thani, ” Al Thani, , , Anna Jacobs, “ They’ve, ” Jacobs, Daniel Shek, ” Shek, Sheikh Mohammed bin Abdulrahman, Karim Jaafar, Israel, Benjamin Netanyahu, ” Majid Al Ansari, Netanyahu, James Comer, General Merrick Garland, Steny Hoyer, Jacobs, Joe Biden, NATO Ally Organizations: UAE CNN, Foreign, United States Congress, US, Qatar, Group, CNN, , Qatar's, Turkish, Wednesday, Qatari, Hamas, Washington DC, Democratic, Al Udeid, Al Udeid Air Base, NATO Locations: Abu Dhabi, UAE, Israel, Qatar, Doha, United States, Washington, Egypt, Gaza, Gulf, Brussels, Israeli, ” Qatar, Thani, AFP, Qatari, Al Udeid Air
Meeting outside Paris last week, top officials from France, Germany and Italy pledged to pursue a coordinated economic policy to counter stepped-up efforts by Washington and Beijing to protect their own homegrown businesses. The three European countries have joined the parade of others that are enthusiastically embracing industrial policies — the catchall term for a variety of measures like targeted subsidies, tax incentives, regulations and trade restrictions — meant to steer an economy. More than 2,500 industrial policies were introduced last year, roughly three times the number in 2019, according to a new study. And most were imposed by the richest, most advanced economies — many of which could previously be counted on to criticize such tactics. The measures are generally popular at home, but the trend is worrying some international leaders and economists who warn that such top-down economic interventions could end up slowing worldwide growth.
Locations: Paris, France, Germany, Italy, Washington, Beijing
“When rockets fly in Israel, the whole world writes about it,” said Amil Nasirov, a 29-year-old singer. “And it’s like some devaluation of Ukrainian lives.”Ukraine has begged since the outset of Russia’s full-scale invasion in February 2022 for more tools to close its sky to Russian missiles. Ukrainian officials noted the role that fighter jets played in defending Israel as a sign of their importance in air defense. “That would be a danger of escalation.”The United States remains the chief supplier of the munitions for Ukraine’s best air defense systems. In the intervening months, Ukraine’s air defenses have been critically depleted, while Russia has greater success in using air power to advance on the front line, attack Ukraine’s energy grid and inflict more casualties against civilians.
Persons: Sergiy, , , Amil Nasirov, Biden, Volodymyr Zelensky, ” Mr, Zelensky, David Cameron, Cameron, Britain’s, Liubov Sholudko Organizations: United Nations, Patriot, NATO, Britain’s LBC, Ukraine Locations: Ukraine, Russia, Israel, United States, Britain, France, Iran, Washington, Russian, Moscow, Ukrainian, Kharkiv, Germany, Europe
Under the partnership, Microsoft will give G42 permission to sell Microsoft services that use powerful A.I. chips, which are used to train and fine-tune generative A.I. products shared with G42 and includes an agreement to strip Chinese gear out of G42’s operations, among other steps. “When it comes to emerging technology, you cannot be both in China’s camp and our camp,” said Gina Raimondo, the Commerce Secretary, who traveled twice to the U.A.E. The accord is highly unusual, Brad Smith, Microsoft’s president, said in an interview, reflecting the U.S. government’s extraordinary concern about protecting the intellectual property behind A.I.
Persons: Biden, , Gina Raimondo, Brad Smith Organizations: Microsoft, United Arab, U.S ., Commerce Locations: United Arab Emirates, China, Washington, Beijing, Gulf
If you're missing tax forms, the tax deadline is your last chance to file an extension, which pushes the filing deadline to Oct. 15. Sean Lovison Founder of Purpose Built Financial ServicesAccording to the IRS, those who can't pay taxes by the deadline have options. Most Americans qualify for IRS Free File, which offers free guided tax prep software from several partners. "It's a product that we're very proud of," Tim Hugo, executive director of the Free File Alliance previously told CNBC. This season, millions of taxpayers also qualify for IRS Direct File, a free tax filing pilot program from the IRS.
Persons: Sean Lovison, Werfel, Tim Hugo Organizations: IRS, Alliance, CNBC, Treasury Locations: filers, Maine, Massachusetts, Philadelphia, Arizona , California, Florida , Massachusetts, Nevada , New Hampshire , New York, South Dakota , Tennessee , Texas, Washington and Wyoming
CNN —The subject of finally concluding America’s counter-ISIS mission in Iraq has been the plot of ongoing deliberations between Washington and Baghdad for the last three years. If the Biden administration’s approach is to wait for the perfect time to get out, then it will wait for eternity. It’s worth remembering why the United States sent troops to Iraq in the first place. The mission — eliminating ISIS’ territorial caliphate — was achieved. US troops should be pulled out of Iraq and Syria now.
Persons: Daniel R, Monday’s, Joe Biden, Mohammed Shia, DePetris, Sudani, , Biden, Nouri al, Barack Obama, , , Trump, Bashar Al, Assad, Saddam Hussein, territorially, Benjamin Netanyahu’s, Israel, Iran’s Organizations: Defense, Chicago Tribune, The New York Times, Politico, Street, Guardian, CNN, Iraqi, ISIS, , Islamic State, Maliki, US, US Air Force, State Department, “ ISIS, Twitter Locations: The, Iraq, Washington, Baghdad, Israel, United States, Syria, Iraqi, Mosul, Syrian, Baghouz, Iran, Iranian, Turkey, Russia, Afghanistan, Moscow, Israeli, Tehran
Iranians are waving Iranian flags and a Palestinian flag as they celebrate Iran's IRGC UAV and missile attack against Israel on April 14, 2024. Iran rained a deluge of drones and missiles on Israel on Saturday night in response to a suspected Israeli strike that killed top Iranian officials in Syria, in a deep escalation of Middle East tensions. Last night marked the first instance of a direct attack on Israel from Iranian territory. Iran vowed revenge after a suspected Israeli strike on an Iranian consulate in Damascus, Syria, on April 1, which killed several top Iranian military commanders. The European Union has blasted Tehran's offensive: "The EU strongly condemns the unacceptable Iranian attack against Israel," EU High Representative Josep Borrell said late Saturday on social media.
Persons: Israel, Daniel Hagari, Bashar al, , Iran's, Mohammad Bagheri, Gilad Erdan, Josep Borrell, Joe Biden, Washington, Steve Scalise, Mitch McConnell Organizations: Israel, Israel Defense Forces, Hamas, Yemeni, Guards, Islamic Republic News Agency, . Security, Iranian Revolutionary Guard Corps, European, EU, Biden, , U.S . House, Republican Locations: Iran, Israel, Syria, Iraq, Yemen, Lebanon, Strait, Hormuz, Gaza, Iranian, Damascus, France, Ukraine, U.S
Mr. Netanyahu now must make a choice. Will he respond to Iran with a forceful counterattack and potentially entangle Israel and other countries in a broader war? No Israeli leader has warned about Iran so consistently as Mr. Netanyahu or, for that matter, has spent so long in office. Since his first year in office in 1996, Mr. Netanyahu warned that a nuclear Iran would be catastrophic and that time was running out. It was never clear if Mr. Netanyahu was bluffing, and the prospect of an imminent strike receded.
Persons: Benjamin Netanyahu, Netanyahu, , Mazal Mualem, , ” Ms, Mualem, Efraim Halevy, Netanyahu’s, Jeremy Issacharoff, Obama, Barack Obama, bluffing, Donald J, Trump, Mr, Issacharoff, Israel, “ Bibi Organizations: Al, Mr, United Nations General Assembly, Munich Security Conference, of Foreign Affairs, United Locations: Israel, Iran, East, Iranian Embassy, Damascus, Gaza, Yemen, Syria, Lebanon, United States, Iranian, Israeli, Germany, U.S, States, Washington, United Arab Emirates
Where the border wall stops, smugglers see opportunity. Evelio Contreras/CNNBut now there are patrols from the Mexican Army and National Guard along with immigration officers, looking to stop the migrants from reaching the US. Tents at the border wall become temporary homes for those sent to patrol then land around Ejido Jacumé. These people were stopped before they reached the Mexico-US border, officials said. CNN witnessed the detention of mostly men, with some women and children, from Brazil and Guatemala this week, near one of the border wall gaps close to Ejido Jacumé.
Persons: Ejido, Evelio Contreras, David Pérez Tejada, , , he’d, ” Pérez Tejada, Spikes, Pérez Tejada, , Joe Biden, Andres Manuel Lopez Obrador, John Kirby, Antony Blinken, Liz Sherwood, Randall, Alejandro Majorkas Organizations: Mexico CNN, Border Patrol, CNN, Mexican Army, National Guard, Mexico’s Migration National Institute, Local, Customs, Border Protection, Spikes, , National Security, House Homeland, Homeland, Grupo Beta Locations: Baja California, Mexico, United States, San Diego, Ejido, Tijuana, California, Brazil, Guatemala, Mexican, Washington, Mexico City
Leaders from the three nations are meeting in a first-ever trilateral summit in a show of solidarity as China's assertiveness in the South China Sea has raised tensions in the region. Topping the meeting's agenda is China's increasing pressure in the South China Sea, which has escalated despite a personal appeal by Biden to Chinese President Xi Jinping last year. China claims almost the entire South China Sea, including the maritime economic zones of neighboring nations. Japan has a dispute with China over islands in the East China Sea. Chinese foreign ministry spokesperson Mao Ning said "China's activities in the East China Sea and South China Sea fully comply with international law" and that they were prepared to resolve issues through "dialogue and consultation" but criticized both the U.S. and Japan for ratcheting up tensions.
Persons: Joe Biden, Fumio Kishida, Ferdinand Marcos, Andrew Harnik, Beijing's, Joe Biden's, Ferdinand Marcos Jr, Biden, Xi Jinping, Thomas Shoal, Marcos, Thomas, Mao Ning Organizations: Japanese, White, Washington , DC, South China, Getty, East China, U.S Locations: Washington ,, South, China, U.S, Japan, Philippines, Manila, . U.S, American, Washington, South China, States, East
The results, released on Thursday, were disastrous for Mr. Yoon. Voters pushed him to the verge of being a lame duck, giving the opposition one of the biggest parliamentary majorities in recent decades. He becomes the first South Korean president in decades to contend with an opposition-controlled Parliament for his entire time in office. The outcome — and the increasingly polarized South Korean political climate that Mr. Yoon helped intensify — heralded deepening deadlock in a country that is crucial to U.S. efforts to counter China and North Korea. It reduces the odds of Mr. Yoon achieving anything that requires bipartisan support.
Persons: Yoon Suk, Yoon Organizations: Voters, South, Washington Locations: South, South Korean, U.S, China, North Korea, Tokyo
The price of global benchmark Brent crude oil could spike to $100 a barrel if Iran directly attacks Israel, a former senior White House energy official said. @LCO.1 YTD mountain Brent crude oil, YTD Oil rallied last week after a missile attack destroyed Iran's consulate in Damascus, Syria, killing seven Iranian military officials. "If Iran attacks from its territory, Israel will react and attack Iran," Israeli Foreign Minister Israel Katz said on the social media platform X , tagging Ayatollah Khamenei. Defense Secretary Lloyd Austin made clear that the Biden administration is worried about rising energy prices during congressional testimony Tuesday. "Certainly, those attacks could have a knock-on effect in terms of the global energy situation," Austin told the Senate Armed Services Committee.
Persons: Bob McNally, McNally, George W, Brent, YTD Oil, Israel, Ayatollah Ali Khamenei, Khamenei, Israel Katz, Biden, terrify, Daniel Yergin, Yergin, CNBC's, Natasha Kaneva, Lloyd Austin, Austin Organizations: Brent, White House, Rapidan, Bloomberg News, YTD, Israel, Iran, Rapidan Energy, Biden, P Global, JPMorgan, Defense, Senate Armed Services Committee Locations: Iran, Israel, U.S, Washington, Damascus, Syria, OPEC, Tehran, Islamic Republic, Strait, Hormuz, Persian, Kyiv, Ukraine
U.S. considers easing warnings for Americans traveling to China
  + stars: | 2024-04-10 | by ( ) www.cnbc.com   time to read: +2 min
The U.S. and China flags are seen at the People's Bank of China prior to the arrival of U.S. Treasury Secretary Janet Yellen in Beijing on April 8, 2024. Pedro Pardo | AFP | Getty ImagesThe U.S. is considering easing advisories against its citizens traveling to China, Deputy Secretary of State Kurt Campbell said on Tuesday, acknowledging concerns that the warnings may have curtailed exchanges between Americans and Chinese people. The State Department has periodically issued tiered warnings for Americans traveling to China, calling on them to reconsider visits or exercise increased caution due to risks of "arbitrary enforcement of local laws," exit bans and wrongful detentions. Despite China's warnings, hundreds of thousands of Chinese students study in the United States compared with only a few hundred Americans in China. "We have told China directly if this continues, it will have an impact on the U.S.-China relationship.
Persons: Janet Yellen, Pedro Pardo, Kurt Campbell, Campbell Organizations: U.S, People's Bank of, Treasury, AFP, Getty, China Relations, State Department, . Locations: China, People's Bank of China, U.S, Beijing, Washington, Ukraine, United States, Moscow
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