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☆ News directors at Michigan TV station ousted after telling staff to ‘get both sides’ of Pride coverage
▼ + stars: | 2023-06-30 | by ( Liam Reilly | ) edition.cnn.com time to read: +2 min

New York CNN —Two news directors at a Michigan NBC affiliate were ousted on Thursday following the circulation of an internal memo calling for scaled-back coverage of Pride Month events and directing the station’s journalists to “get both sides” on LGBTQ issues, a source with knowledge of the situation told CNN. “We need to recognize that some stories related to LGBTQ issues are going to be controversial and polarizing in our community,” the memo sent by Fox said. “While you personally may not agree with a certain position, people are entitled to their opinions and they are our viewers.”“If we are covering Pride events we need to consider how to make the story balanced and get both sides of the issue,” she added. The memo sparked fierce backlash from the newsroom’s staff, prompting the station’s owner, Texas-based Nexstar, to launch an investigation into the matter. “We are heartbroken to not be with our team today continuing the incredible legacy we have fought so hard for.”

Persons: “, Stanton Tang, Amy Fox, Fox, ”, Gary Weitman, ” Weitman, Luke Stier, Madeline Odle —, “ We’ve, Odle Organizations: New, New York CNN, Michigan NBC, CNN, Nexstar, Grand, Twitter Locations: New York, Grand Rapids, Texas

☆ Flight attendants’ secrets for surviving summer travel
▼ + stars: | 2023-06-28 | by ( Francesca Street | ) edition.cnn.com time to read: +21 min

Navigating air travel at this time of year can be fraught, but it doesn’t have to be – and if anyone’s got intel on smoothly and successfully surviving summer travel, it’s the flight attendants who’ve seen it all. But the flight attendants say the lost sleep is worth it in the long run. Andrew adds that this advice is especially crucial if you’re flying internationally, suggesting that whatever you consider a “normal” connection time, you should probably double if you’re flying long haul. Consider whether check-in luggage is necessaryThe flight attendants always travel with carry-on luggage only and generally speaking encourage others to do the same. Rich Henderson, flight attendantOften flight attendants are just as clueless as passengers.

Persons: anyone’s, who’ve, Rich Henderson, Andrew Henderson, Rich, Andrew, Essence Griffin, who’s, ”, Griffin, “, hasn’t, There’s, you’re, that’s, you’ve, “ They’ll, it’s, ” Rich, she’s, they’ve, ” Griffin, she’d, They’ve, there’s, Andrew’s, Ying Tang, we’ve, Andrew points, Rich haven’t, I’ve, “ I’m, They’re, ’, –, ” Rather, what’s, “ We’re, It’s, aren’t, ” Griffin’s, ” Andew Organizations: CNN, intel, ”, Netflix Locations: There’s, Europe, Duesseldorf, Germany

☆ Americans’ buying power rose for first time since March 2021 amid falling inflation
▼ + stars: | 2023-06-22 | by ( Greg Iacurci | ) www.cnbc.com time to read: +3 min

Images By Tang Ming Tung | Digitalvision | Getty Images"This is clearly a function of inflation starting to come down," Terrazas said. 'Unprecedented' pay jumps during pandemicWage growth started to spike in 2021 as workers enjoyed the benefits of a hot job market. In some cases, workers' pay growth was strong enough to outrun inflation's impact — especially for those who quit their jobs for higher-paying gigs elsewhere. Meanwhile, wage growth has also declined but at a slower pace — translating to a net boost to Americans' financial well-being in May relative to last year. These data sets are more inclusive than that of wage growth.

Persons: Tang Ming Tung, Terrazas, Julia Pollak, Pollak, Mark Zandi, Aaron Terrazas, Zandi Organizations: ZipRecruiter, CPI, . Bureau, Moody's, Federal Reserve Bank of New Locations: U.S, Federal Reserve Bank of New York

Most economists expect another modest 10 bps LPR cut in the second half - on top of a 25 bps cut in banks' requirement ratio (RRR). The PROC last cut the RRR - the amount of cash that banks must hold as reserves -- in March, by 25 bps. Each 5 basis points LPR cut could reduce pre-tax profits of major banks by as much as 1.8%, China Merchants Securities said in a report. "A small rate cut is a useful painkiller for symptoms but cannot alleviate the real problem," said Gary Ng, Asia Pacific senior economist of Natixis. On Friday, China's cabinet discussed policy measures to support the economy.

Persons: COVID, NIM, Wang Yifeng, Wang, Gary Ng, China's, Zhang Ming, Zhang, Morgan Stanley, Kevin Yao, Ziyi Tang, Kripa Jayaram, Sumeet Chatterjee Organizations: People's Bank of China, Reuters, Everbright Securities, China Merchants Securities, Asia Pacific, stoke, Chinese Academy of Social Sciences, Thomson Locations: China, BEIJING, Beijing, Asia

☆ U.S.-China tensions may be positive for South Korean memory makers, says portfolio manager
▼ + stars: | 2023-06-20 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailU.S.-China tensions may be positive for South Korean memory makers, says portfolio managerStanley Tang of Sumitomo Mitsui DS Asset Management explains why he likes South Korean chipmakers.

Persons: Stanley Tang Organizations: U.S, Sumitomo Mitsui DS, Management Locations: China, Korean

China's top graft-busting watchdog earlier this year vowed to eliminate ideas of a Western-style "financial elite" and rectify the hedonism of excessive pursuit of "high-end taste". Industrial and Commercial Bank of China (ICBC) (601398.SS) and China Construction Bank Corp (CCB) (601939.SS) plan to cut some allowances of employees at the banks' headquarters from this year, two sources familiar with the matter said. Domestic rival China International Capital Corp (CICC) (3908.HK) last month cut this year's bonuses for investment bankers by 30%-50% from a year earlier, Reuters has reported, citing sources with knowledge of the matter. Besides anti-corruption crackdown and "common prosperity" drive, financial firms are also reining in the flashy lifestyle of their staff to make sure they are not violating the Communist Party's ideology, said industry officials. China's securities regulator and the central bank cut the budget allocation for employee salaries in 2023, following reforms ordered as part of a broader drive to reduce income disparity, Reuters reported last month.

Persons: Xi Jinping's, CCB, Xin Sun, Sun, Xie Yu, Julie Zhu, Selena Li, Ziyi Tang, Binbin Huang, Rong Ma, Sumeet Chatterjee, Lincoln Organizations: Industrial, Commercial Bank of China, China Construction Bank Corp, Securities, Reuters, China International Capital Corp, HK, Party, King's College London, Thomson Locations: China, HONG KONG, Beijing, Hong Kong, Shanghai

☆ China 'deplores' UK security minister's meeting with Taiwanese minister
▼ + stars: | 2023-06-18 | by ( ) www.reuters.com time to read: +2 min

[1/2] British Minister of State for Security Tom Tugendhat addresses a press conference, with Kenya's Cabinet Secretary of the Ministry of Interior and National Administration Kithure Kindiki, during his visit, in Nairobi, Kenya May 10, 2023. REUTERS/Monicah Mwangi/File PhotoLONDON, June 18 (Reuters) - The Chinese embassy in London on Sunday condemned a meeting last week between Britain's security minister, Tom Tugendhat, and Taiwan's digital minister, saying it violated international relations. "This move seriously violates the one-China principle and the basic norms of international relations," a spokesperson for the Chinese embassy in London said in a statement. Although junior British ministers hold talks with their Taiwanese counterparts, the convention was that senior British ministers do not meet with Taiwanese officials. "We want to make it clear to the UK side that any actions that undermine China's interests will be met with resolute responses," the Chinese embassy spokesperson said.

Persons: Tom Tugendhat, National Administration Kithure Kindiki, Monicah, Tugendhat, Audrey Tang, Michael Holden, Sharon Singleton Organizations: British, State, Ministry of Interior, National Administration, REUTERS, Reuters, Taiwanese Digital Affairs, Thomson Locations: Nairobi, Kenya, London, Britain, China, Taiwan, Beijing, Taipei, Xinjiang

☆ Biden hosts Jennifer Hudson, Wu-Tang's Method Man at Juneteenth concert
▼ + stars: | 2023-06-13 | by ( ) www.reuters.com time to read: +1 min

[1/2] Method Man (C) and Streetlife (R) of rap band Wu-Tang Clan perform at the Montreux Jazz Festival July 18, 2007. REUTERS/Denis Balibouse (SWITZERLAND)/File PhotoWASHINGTON, June 13 (Reuters) - President Joe Biden on Tuesday evening is hosting the White House's first big Juneteenth celebration, a concert featuring performances by Oscar-winning singer Jennifer Hudson, hip-hop group Wu-Tang Clan's Method Man and marching bands from Tennessee and Maryland. Biden will address guests at the South Lawn event at 7:00 pm EDT (2300 GMT), which the White House has described as a "celebration of community, culture and music." Biden will welcome "community leaders, lawmakers, students educators and hundreds of others to the White House for a historic Juneteenth celebration," White House press secretary Karine Jean-Pierre said. U.S. presidents dating back to George W. Bush have marked Juneteenth from the White House, often with a somber statement.

Persons: Wu, Tang Clan, Denis Balibouse, Joe Biden, Oscar, Jennifer Hudson, Tang, Biden, Ledisi, Karine Jean, Pierre said, Abraham Lincoln's, George W, Bush, Andrea Shalal, Heather Timmons, Leslie Adler, Bill Berkrot Organizations: Montreux Jazz, REUTERS, WASHINGTON, White, Thomson Locations: SWITZERLAND, Tennessee, Maryland, Texas, Washington

☆ Biden to host Jennifer Hudson, Wu-Tang's Method Man at Juneteenth concert
▼ + stars: | 2023-06-13 | by ( Andrea Shalal | ) www.reuters.com time to read: +2 min

[1/2] Method Man (C) and Streetlife (R) of rap band Wu-Tang Clan perform at the Montreux Jazz Festival July 18, 2007. REUTERS/Denis Balibouse (SWITZERLAND)/File PhotoWASHINGTON, June 13 (Reuters) - President Joe Biden will host the White House's first big Juneteenth celebration, a concert featuring performances by Oscar-winning singer Jennifer Hudson, hip-hop group Wu-Tang Clan's Method Man and marching bands from historically black universities in Tennessee and Maryland. Other performers include dance group Step Afrika!, singer Ledisi, choirs from more historically black colleges and universities, and a Broadway choir. Biden declared Juneteenth - a portmanteau of June and 19th, also known as Emancipation Day - a federal holiday in 2021. U.S. presidents dating back to George W. Bush have marked Juneteenth from the White House, often with a somber statement.

Persons: Wu, Tang Clan, Denis Balibouse, Joe Biden, Oscar, Jennifer Hudson, Tang, Kamala Harris, Biden, Ledisi, Karine Jean, Pierre, it's, Juneteenth, Abraham Lincoln's, George W, Bush, Andrea Shalal, Heather Timmons, Leslie Adler, Bill Berkrot Organizations: Montreux Jazz, REUTERS, WASHINGTON, White, Morgan State University, Tennessee State University, Thomson Locations: SWITZERLAND, Tennessee, Maryland, Baltimore, Nashville, Texas, Washington

☆ Several Chinese lenders cut yuan deposit rates from Monday
▼ + stars: | 2023-06-12 | by ( ) www.reuters.com time to read: +2 min

BEIJING, June 12 (Reuters) - Several Chinese commercial banks cut interest rates on a range of yuan deposits from Monday, following their larger peers in a coordinated move to ease pressure on profit margins. The deposit rate cuts follow a similar move by China's biggest state lenders on Friday and marks the second such industry-wide cut within a year, with previous action taken in September. Analysts expect the deposit rate cuts will provide more room for a further cut soon by the central bank in the reserve requirement ratio (RRR) to expand credit and boost investment spending. The lenders cut rates on two-year time deposits by 10 bps points, and three-year and five-year time deposits by 15 bps points. The rate cuts will help ease pressure on lenders' profit margins as savings held in banks had ballooned when the economy slowed during COVID-19 lockdowns.

Persons: Yi Gang, Ziyi Tang, Ryan Woo, Sonali Paul Organizations: China's, China Merchants Bank Co Ltd, China Citic Bank Corp, China Minsheng Banking Corp Ltd, People's Bank of, Thomson Locations: BEIJING, Banks, China, People's Bank of China, Shanghai

☆ Taiwanese minister to make rare Britain visit this week
▼ + stars: | 2023-06-11 | by ( ) www.reuters.com time to read: +2 min

TAIPEI, June 11 (Reuters) - Taiwan Digital Minister Audrey Tang will make a rare high-level ministerial trip to Britain this week where she is expected to visit government departments and meet a company specialising in low-earth orbit satellites, her ministry said on Sunday. The two sides will "exchange views on issues related to digital governance and digital industry cooperation", the ministry added, without giving details. Tang will also visit OneWeb, which specialises in low-earth orbit satellites, and hopes to bolster Taiwan's communications resilience plans, the ministry said. Taiwan Foreign Minister Joseph Wu is expected to go to Europe this week, too, where he will attend a security forum in Prague. The last Taiwanese minister known to have visited Britain was Taiwan's top trade negotiator John Deng, who went last June.

Persons: Audrey Tang, Tang, Elon Musk's, Joseph Wu, John Deng, Britain's, Trade Greg Hands, Tsai Ing, Taiwan's, Ben Blanchard, Edmund Klamann Organizations: Taiwan Digital, WHO, Twitter, London Tech, Britain's Department for Science, Innovation, Technology, Department for Business, Trade, Elon, Taiwan, State, Thomson Locations: TAIPEI, Britain, Taiwan, Beijing, China, Europe, Prague

☆ Trump’s Bathroom Reading at Mar-a-Lago - The New York Times
▼ + stars: | 2023-06-10 | by ( Maureen Dowd | ) www.nytimes.com time to read: +1 min

WASHINGTON — It’s shocking how easy it is to imagine Donald Trump campaigning for the presidency from prison. Maybe he’d even be able to smuggle in his special Tang-colored hair bleach. It wouldn’t be the first time someone tried for the White House from the Big House. In 1920, after being imprisoned on sedition charges for excoriating American involvement in World War I, which he considered a capitalistic war, Eugene Debs won about 900,000 votes as the Socialist Party nominee. “I will be a candidate at home in seclusion,” he joked when asked how he would campaign.

Persons: WASHINGTON —, Donald Trump, He’d, ” He’d, Elvis, Pavarotti, Eugene Debs, “, ” Organizations: White, Big, Socialist Party, United Press, Trump Locations: Goodfellas

☆ Cracker Barrel saluted Pride Month, and some people are losing it
▼ + stars: | 2023-06-09 | by ( Leslie J. Allen | ) www.businessinsider.com time to read: +3 min

Cracker Barrel posted a "Happy Pride Month" salute on social media with a rainbow rocking chair. The restaurant chain posted a photo on its Facebook page Thursday showing a rainbow-themed rocking chair on the porch of a Cracker Barrel restaurant. Facebook user Scarlett Wells wrote: "I've literally avoided Cracker Barrel because I was pretty sure y'all weren't inclusive. The backlash against Cracker Barrel is the latest in a wave of anti-LGBTQ protests and boycotts against major businesses, including Target, Bud Light, and Disney. Cracker Barrel also sparked criticism and boycott threats last year when it added vegan sausage to its menu.

Persons: —, Scarlett Wells, I've, Critics, Ronny Jackson, Wu Tang, Bud Light Organizations: Facebook, Service, Pride, Texas Republican, Target, Disney, New York Times Locations: Texas, Tennessee

☆ The Truth About Hot Cheetos Is Not in ‘Flamin’ Hot’
▼ + stars: | 2023-06-09 | by ( Tejal Rao | ) www.nytimes.com time to read: +1 min

Like Oscar Isaac, I occasionally use chopsticks to eat hot Cheetos, a technique that keeps their red dust from sticking to my fingers. It’s the neatest way to keep pace with a perfectly engineered snack, designed both to satisfy the desire for its prickly heat and violent crunch, its convincing tang and mellow sweetness, and to fuel an immediate need to revisit it. There are films this year celebrating (and satirizing) the invention of all kinds of consumer products, including the BlackBerry, Air Jordans and Tetris, but I never imagined that this spicy little snack produced by a multinational corporation could be the hero of a late-capitalist uplift saga. “Flamin’ Hot,” directed by Eva Longoria and streaming now on Hulu and Disney Plus, is a frothy, optimistic, very American film about Richard Montañez, a Mexican American kid from San Bernardino County who grows up to work at a Frito-Lay plant and dreams up a billion-dollar idea: Flamin’ Hot Cheetos. Through Montañez, the rise of the fingertip-staining, habit-forming, spicy corn-based snack becomes a story of the American dream — a ’90s-style janitor-to-executive tale fueled by pure grit and guts.

Persons: Oscar Isaac, “, ”, Eva Longoria, Richard Montañez Organizations: Hulu, Disney Locations: Mexican American, San Bernardino County

The rains are also causing the kernels on his wheat crop to begin sprouting early, which, more crucially, means the grain will produce lower quality flour unsuitable for noodles or bread. "Look, all this wheat has sprouted," Chen told Reuters, pouring kernels into his hand while standing in his fields about 40 km (25 miles) north of the town of Zhumadian. About one-third of China's wheat is grown in Henan province, earning it the nickname the granary of China. A Xiping-based grain dealer surnamed Wang is paying growers 2,100 yuan ($295) per metric ton of germinated wheat, about 75% of the market price for food-grade wheat. "These (sprouted) wheat have a bad taste as they are sticky and doesn't mix well to make dough."

Persons: Chen, it's, Darin Friedrichs, Tang Renjian, Wang, Qin Ningwei, Josh Arslan, Dominique Patton, Christian Schmollinger Organizations: Reuters, Sitonia Consulting, El, China's Agriculture, Thomson Locations: COUNTY, China, China's Henan, Zhumadian, Henan province, Henan, Anhui, Shanxi, Shandong, Shanghai, Australia, Ukraine

☆ ‘These jobs can be respectable too’: Why youths in China are abandoning white-collar jobs for ‘light labor’
▼ + stars: | 2023-06-07 | by ( Goh Chiew Tong | ) www.cnbc.com time to read: +8 min

Such a switch from a white-collar job to "qing ti li huo" (or "light labor" in Chinese) is gaining popularity among younger people in the country. It was only in hindsight that Wang realized she never "personally wanted" to pursue her major, or be in a white-collar job. "I looked back and I realized it was because my parents told me to choose it, people told me that with this major I'd have a really, really great future," Wang said. She earned about 12,000 Chinese yuan ($1,700) a month in her white-collar job. But what may be priceless to her is the self-discovery Wang said she's been able to experience after walking away from her white-collar job.

Persons: Eunice Wang, I'd, Wang, Jia, they're, Jia Miao, Wu Xiaogang, Wu, That's, xiao bai, Miao, Eunice Wang Barista, Wu —, she's Organizations: NYU Shanghai, New York University Shanghai, CNBC, NYU Locations: China, Beijing, United States

☆ China may cut rates further in H2, government researcher says
▼ + stars: | 2023-06-06 | by ( ) www.reuters.com time to read: +1 min

BEIJING, June 6 (Reuters) - China will likely further cut banks' reserve ratio and interest rates in the second half of this year to support the economy, the China Securities Journal reported on Tuesday, citing policy advisors and economists. China's economy rebounded faster than expected in the first quarter but lost momentum at the beginning of the second. Zhang Ming, a researcher at the Chinese Academy of Social Sciences, a top government think tank, told the state newspaper that low inflationary pressures in China will provide room for monetary easing. China can consider further rate cuts and target the reserve requirement ratio (RRR) cuts to lower lending costs, said Zhang. Li Chao, chief economist at Zheshang Securities, also expects potential rate cuts and RRR cuts in the second half of this year, the report said.

Persons: Zhang Ming, Zhang, Li Chao, Ziyi Tang, Ryan Woo, Shri Navaratnam Organizations: China Securities, Chinese Academy of Social Sciences, Zheshang Securities, U.S . Federal Reserve, United, Thomson Locations: BEIJING, China, Beijing, United States

☆ BlackRock's China head Tang leaving the company
▼ + stars: | 2023-06-06 | by ( Selena Li | ) www.reuters.com time to read: +1 min

HONG KONG, June 6 (Reuters) - BlackRock Inc's (BLK.N) head of China business, Tony Tang, is leaving the asset manager, the company said on Tuesday, after having played a key role in expanding operations in the world's second-largest economy. Susan Chan, BlackRock's deputy head of Asia Pacific and head of Greater China, is now directly overseeing its China onshore business, the company said. "China represents a significant opportunity for BlackRock to contribute to the financial futures of a new generation of investors," the company said. Tang, a former Chinese securities regulatory official, started as BlackRock's China business head in 2019, and has been one of the top aides to CEO Larry Fink. During Tang's tenure as China head, BlackRock established a wholly-owned China fund management unit and a joint venture with China Construction Bank and Temasek offering wealth management services to Chinese investors.

Persons: Tony Tang, Tang, Susan Chan, BlackRock's, Chan, Larry Fink, Selena Li, Kim Coghill, Edmund Klamann Organizations: BlackRock, Asia Pacific, China Construction Bank, Temasek, Thomson Locations: HONG KONG, China, Greater China, New York

☆ Caged and cut open for bile: The fight to free Asia’s farmed bears
▼ + stars: | 2023-06-03 | by ( Jessie Yeung | ) edition.cnn.com time to read: +11 min

But international experts say it remains a lucrative industry in China, where domestic sales of bear bile remain legal. “They’ve got massive hair loss, they’ve often got broken teeth from (biting the bars of their cages) in frustration and pain.”But eliminating bile farming has proved difficult. But China is “the biggest market for bear bile products by far,” with roughly 15,000 bile bears in captivity and plenty of demand, he said. Ursodeoxycholic acid, one of the main components in bear bile, has been medically proven to help dissolve gallstones and treat liver disease. And there’s no internationally recognized scientific evidence showing bear bile can cure other ailments promoted in TCM.

Persons: Eve Sevim, Jill Robinson, “ They’ve, they’ve, Robinson, David Garshelis, aren’t, Garshelis, ” Robinson, ”, ” Garshelis, Tan, Qing, it’s Organizations: CNN, Animals Asia, International Union for Conservation, Nature’s, Bear Specialist Group, TCM, Animals, Forestry Administration, Farmers, China’s National Forestry and Grassland Administration, State Forestry Administration, Bears, Getty, IUCN Locations: Haiphong, China, Vietnam, South Korea, Laos, Myanmar, Asia, Cambodia, Indonesia, Malaysia, Hui'an, Animals Asia, Hanoi, “, Tam Dao, Hanoi –, Ma

☆ Tiananmen Square masacre anniversary: vigils go global as authorities in China and Hong Kong stamp out remembrance
▼ + stars: | 2023-06-03 | by ( Chris Lau | ) edition.cnn.com time to read: +10 min

“I think it’s sad to say that what Beijing and Hong Kong are doing is trying to erase history and the memory,” said Kevin Yam, a former lawyer in Hong Kong, who will be attending a ceremony in Melbourne, Australia, where he now resides. “Hong Kong has been carrying the torch for commemorating the Tiananmen massacre, keeping the legacy alive. When the museum was shut down, with the Hong Kong alliance’s leaders in prison, we knew it was a critical moment,” he said. Thousands gathered at a candlelit vigil in Hong Kong on June 4, 2017, to mark 28 years since China's bloody Tiananmen Square crackdown. “It is true that the commemorations around June 4th have expanded and become more global since it has become impossible to do anything in Hong Kong,” he told CNN.

Persons: Tyrone Siu, Hong Kongers, ”, Kevin Yam, Zhou, Zhou Fengsuo, Wang Dan, Hong Kong’s, “, Hong Kong, Isaac Lawrence, Chris Tang –, –, Louise Delmotte, Richard Tsoi, Catherine Henriette, Jens Galschiot, Anthony Kwan, Kongers Organizations: Hong Kong CNN, Communist Party, Reuters, CNN, Hong, People’s Liberation Army, Authorities, Getty, Victoria Park, Chinese Communist Party, Hong Kong Alliance, Police, . Police, of, Los, “, Britain –, London Locations: Hong Kong, China, Victoria, Beijing, Australia, Japan, Taiwan, Europe, United States, Canada, Melbourne, New York, York, “ Hong Kong, Hong, AFP, Tiananmen, Berlin, Danish, Germany, Los Angeles, Boston, Norway, Causeway, Britain, Nottingham, Manchester, London

☆ Bank of China chairman visits Papua New Guinea amid Sino-US strategic rivalry
▼ + stars: | 2023-06-02 | by ( Kirsty Needham | ) www.reuters.com time to read: +3 min

SYDNEY, June 2 (Reuters) - Bank of China (601988.SS) chairman Ge Haijiao has travelled to Papua New Guinea (PNG) as the world's fourth-largest bank seeks an operating licence in the Pacific Islands nation, which is seeking to boost China trade while expanding U.S. defence ties. China, a major infrastructure lender and creditor in the Pacific Islands, struck a security pact with PNG's neighbour Solomon Islands last year. State-owned Bank of China has applied for a commercial operating licence that is still being processed. China had grown from a rural economy to the second-largest on earth, he said, urging Bank of China to fill gaps in the PNG banking market. Bank of China said in a statement it was the first branch of a Chinese bank to open in the Pacific Island country and it would play a role in local economic revitalisation.

Persons: Ge Haijiao, Antony Blinken, James Marape, Ge, Marape, Xi Jinping, Kirsty Needham, Tang, Jamie Freed Organizations: SYDNEY, Bank of China, U.S, of, Bank of, Initiative, Thomson Locations: Papua New Guinea, China, Washington, Beijing, Solomon, Australia's Torres Strait, State, of China, Islands, Bank of China, Sydney

☆ Elon Musk hailed as 'Brother Ma' during a trip to China, where he's been lavished with a 16-course meal and treated like a king
▼ + stars: | 2023-05-31 | by ( Hasan Chowdhury | Cheryl Teh | ) www.businessinsider.com time to read: +3 min

During a surprise visit to the country, Musk has been inundated with high praise, Reuters reported. His trip has caused a social-media storm, with people eager to recommend places for him to visit. It was the Tesla and Twitter boss's first trip to China in three years, making his visit a high-profile affair for members of the public. Pictures of what's thought to be the menu for Musk's dinner in China are circulating on China's Twitter-like Weibo platform. Screengrab/WeiboReuters reported the evening included a 16-course meal shared with battery executive Zeng Yuqun at the Man Fu Yan restaurant.

Persons: Elon Musk, Musk, Jack Ma, Ma, Zeng Yuqun, Fu, Xi, Tesla Organizations: Reuters, Morning, Twitter, Weibo Reuters, Fu Yan Locations: China, Beijing, Weibo, Peking, Taiwan, Ukraine

☆ This Sweet-Tart Roasted Salmon Is Ready in No Time
▼ + stars: | 2023-05-31 | by ( Melissa Clark | ) www.nytimes.com time to read: 1 min

It’s easy to forget that rhubarb is a vegetable. Much of the time, you’ll find it buried, like a fruit, under an avalanche of sugar baked into a pie, crumble or cake, or maybe simmered into a compote. With a bracing acidity reminiscent of citrus or pomegranate and no pesky seeds, it lends brightness and tang to all sorts of savory dishes. It also adds body, cooking down into a thick sauce with a soft, pulpy texture much like tomato (an actual fruit), though sharper and pinker. Think vinegar, but with precision and finesse.

Persons: pinker

[1/5] Arlo Brownlee, an engineer, checks battery banks at GlidePath's Byrd Ranch energy storage facility in Sweeny, Texas, U.S., May 23, 2023. The battery rush also puts the Republican-controlled state at the forefront of President Joe Biden's push to expand renewable energy use. Reuters drew on previously unreported data and interviewed more than a dozen executives from private equity firms, utility companies and energy storage providers involved in some of the biggest battery storage deals for this report. But the legislation also contains provisions that industry groups said could encourage investment in battery storage. Miller said he expects ancillary market prices to "collapse" as more battery storage comes online.

Persons: Arlo Brownlee, Adrees Latif, Rhett Bennett, ”, Joe Biden's, Wood Mackenzie, Andrew Waranch, David Miller, Miller, Waranch, Dick Lewis, Andrew Tang, Chris McKissack, you've, McKissack, Nichola Groom, Laila Kearney, Richard Valdmanis, Suzanne Goldenberg Organizations: REUTERS, Korea's SK, Switzerland's UBS, Black, Energy, Texans, Republican, Reuters, U.S . Energy Information Administration, Developers, BlackRock, Jupiter, EnCap Investments, Korea's SK E, Vision Ridge Partners, UBS, SK E, SK, Mercom Capital Group, Reliability, of Texas, Spearmint Energy, Inc, Wartsila, Thomson Locations: Sweeny , Texas, U.S, BlackRock, Texas, California, Gridmatic

☆ NASA looks to spice up astronaut menu with deep space food production
▼ + stars: | 2023-05-29 | by ( Steve Gorman | ) www.reuters.com time to read: +6 min

[1/4] A team member from Interstellar Lab of Merritt Island, Florida, prepares Daikon Radish sprouts during NASA’s Deep Space Food Challenge Phase 2 prize announcement on May 19, 2023. The NASA-sponsored Deep Space Food Challenge prompted Sheehan to modify his invention as a way of producing edible proteins, carbohydrates and fats from the same system. TASTES LIKE ... SEITANThe resulting single-cell protein drink entered in NASA's contest has the consistency of a whey protein shake, Sheehan said. But the imperative for self-contained, low-waste food production requiring minimal resources has become more pronounced as NASA sets its sights on returning astronauts to the moon and eventual human exploration of Mars and beyond. Advances in space-based food production also have direct applications for feeding Earth's ever-growing population in an era when climate change is making food more scarce and harder to produce, Fritsche said.

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