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☆ Yellen to meet China's vice premier Liu He in Zurich on Wednesday -U.S. Treasury
▼ + stars: | 2023-01-16 | by ( Andrea Shalal | ) www.reuters.com time to read: +3 min

REUTERS/Shelby Tauber/File PhotoWASHINGTON, Jan 16 (Reuters) - U.S. Treasury Secretary Janet Yellen will meet Chinese Vice Premier Liu He in Switzerland on Wednesday to exchange views on economic developments and deepen communication between the world's two largest economies, a Treasury official said. But some African countries, including Zambia, have soured on Chinese lending and are looking for alternatives, economic analysts said. Liu is in Switzerland for the World Economic Forum meetings in Davos, which Yellen does not plan to attend. Yellen has met virtually three times with Liu since taking office, and met in Bali with Chinese central bank governor Yi Gang. Liu will step down this year as part of an overhaul of China's economic leadership disclosed in September.

REUTERS/Shelby Tauber/File PhotoWASHINGTON/DAVOS, Switzerland, Jan 16 (Reuters) - U.S. Treasury Secretary Janet Yellen will meet Chinese Vice Premier Liu He in Switzerland on Wednesday to exchange views on economic developments and deepen communication between the world's two largest economies, a Treasury official said. Yellen and Liu will also discuss global challenges like the possibility of a world recession, the corresponding risks, and how to enhance cooperation, the official said. Yellen does not plan to attend the World Economic Forum. Yellen has met virtually three times with Liu since taking office, and met in Bali, Indonesia with Chinese central bank governor Yi Gang. Liu will step down this year as part of an overhaul of China's economic leadership disclosed in September.

☆ A buzzy healthcare startup breaks down how it 'overextended' and is ditching its plans to build hundreds of clinics despite a $100 million investment from CVS
▼ + stars: | 2023-01-13 | by ( Rebecca Torrence | Blake Dodge | ) www.businessinsider.com time to read: +4 min

Carbon Health on Monday landed $100 million from CVS Health as digital-health funding slows. Its CEO, Eren Bali, said it took a valuation hit to get clean terms for its long-term success. In digital health's dismal funding market, Carbon Health just notched a big win. The startup, which operates clinics offering urgent and primary care, announced on Monday that it snagged $100 million in Series D funding from CVS Health Ventures. The pharmacy giant also said it would open Carbon Health clinics at some CVS Health locations.

☆ Why Singapore isn't imposing new travel rules on visitors from China
▼ + stars: | 2023-01-13 | by ( Monica Pitrelli | ) www.cnbc.com time to read: +6 min

watch nowBut he said travel volumes between Singapore and China are "very low" — with fewer than 1,000 people arriving from China daily. "As of now, we run 38 weekly flights from China to Singapore, compared to around 400 flights pre-Covid," he said. Current rules are effectiveSo far, more than a dozen countries have announced new rules for visitors from China. In the same month, seven imported cases became severely ill, and only one was from China, he said. 'We do not discriminate'Ong noted that while some countries are imposing a pre-departure test requirement on visitors from China, Singapore will "not discriminate because severe cases can originate from any country."

Others, like China, have criticized the war without meaningfully reducing ties with Russia. The war prompted condemnation in the United Nations and saw Russia booted from the UN Human Rights Council. Beijing has walked a careful line since the invasion began, at times exhibiting impatience with Russia's war in Ukraine. Putin in September acknowledged that China had "questions and concerns" about the war while meeting with Xi in Uzbekistan. "Putin's allies are not 'turning on him,' only expressing dissatisfaction at the difficulties his war in Ukraine is causing them," he added.

☆ With few entry tests, Southeast Asia may gain most from China's travel revival
▼ + stars: | 2023-01-06 | by ( Xinghui Kok | ) www.reuters.com time to read: +4 min

Except for airplane wastewater testing by Malaysia and Thailand for the virus, the region's 11 nations will treat Chinese travellers like any others. As many as 76% of Chinese travel agencies ranked Southeast Asia as the top destination when outbound travel resumed, according to a survey released in December by trade show ITB China. Thailand already expects to welcome 5 million Chinese travellers this year, or about half of the 10.99 million of 2019. Neighbouring Malaysia projects 1.5 million to 2 million Chinese tourists this year versus 3 million before the pandemic. "But for Cambodia, it’s an invitation to Chinese people: Chinese tourists, come to Cambodia."

☆ I work in party hostels all around the world. I clean gross rooms and host all-night pub crawls in exchange for a free place to live — here's what it's like.
▼ + stars: | 2023-01-05 | by ( Jenny Powers | ) www.businessinsider.com time to read: +11 min

Taylor Futch works at party hostels and does everything from leading pub crawls to manning the desk. I worked at 4 hostels in 2022After Brazil, I worked at one of Europe's famous party hostels, Rising Cock Party Hostel in Lagos, Portugal, for two months and had an incredible experience. My job is to get to know the guests and host a series of nightly events like beer pong and pub trivia. You're bound to find some interesting things while cleaning inside a party hostel. My birthday fell on a Thursday, which is when my hostel has its weekly party, so I wound up DJing.

☆ Airline passengers left 'devastated and angry' when a plane turned back after flying for more than 4 hours
▼ + stars: | 2022-12-30 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +2 min

Jetstar sent a plane heading to Bali back to Melbourne after several hours of flying, per ABC News. A passenger told the Daily Mail that a fellow traveler noticed on a flight monitor screen that the plane was returning to Melbourne. One passenger on board the flight told ABC News that their fellow travelers were "devastated and angry" when they found out the plane was returning. A spokesperson for the airline told ABC News that the service had been swapped to a larger Boeing 787 plane so it could take more passengers, but the swap was not approved by the Indonesian regulator. "We know this has been an extremely frustrating experience for customers and sincerely apologize for what happened," Jetstar's spokesperson told ABC News.

☆ For 60 years, the US Navy has been training dolphins and sea lions to keep rivals away from its most sensitive hardware
▼ + stars: | 2022-12-29 | by ( Gidget Fuentes | ) www.businessinsider.com time to read: +16 min

The US Navy has been training dolphins and sea lions to detect undersea threats since the 1960s. A US Navy trainer with a Mark 5 Marine Mammal sea lion in Key West in October 1990. The program worked with sharks, rays, and sea turtles but settled on dolphins and sea lions. US NavyThe Navy Marine Mammal Program's budget for 2023 provides $40 million for "food, medicine, veterinary care, husbandry, and facilities," Wilson said. A US Navy sea lion jumps into a riverine command boat during a mine-countermeasures exercise in Bahrain in November 2014.

☆ Ukraine aims for a peace summit by the end of February, foreign minister says
▼ + stars: | 2022-12-26 | by ( Associated Press | ) www.nbcnews.com time to read: +5 min

KYIV, Ukraine — Ukraine’s foreign minister on Monday said that his government is aiming to have a peace summit by the end of February, preferably at the United Nations with Secretary-General António Guterres as a possible mediator, around the anniversary of Russia’s war. But Foreign Minister Dmytro Kuleba told The Associated Press that Russia could only be invited to such a summit if the country faced a war crimes tribunal first. Ukraine's Foreign Minister Dmytro Kuleba during an interview in Kyiv, Ukraine, on Monday. “Every war ends as a result of the actions taken on the battlefield and at the negotiating table.”Kuleba said the Ukrainian government would like to have a peace summit by the end of February. So we would welcome his active participation.”The foreign minister again downplayed comments by Russian authorities that they are ready for talks.

☆ 'Digital nomad' visas are easier to get than ever — especially if you're rich
▼ + stars: | 2022-12-26 | by ( Emaad Akhtar | ) www.cnbc.com time to read: +1 min

Money can buy many things — a tasty meal, a nice car, a luxurious home. But what about a long-term stay as a digital nomad on the beautiful Indonesian resort island of Bali? Well, for people with $130,000 to spare in their bank account, that could become a reality too. As of June 2022, more than 25 countries and territories had issued digital nomad visas to draw remote workers, whose number has increased since the pandemic started. Watch the video above to learn how this visa stacks up against the ones issued by other countries, and to learn about the difficulties policymakers face in making it a success.

☆ Russia's invasion of Ukraine was a 'geopolitical earthquake' that defined 2022 and has transformed the world for years to come
▼ + stars: | 2022-12-24 | by ( John Haltiwanger | ) www.businessinsider.com time to read: +10 min

An unthinkable, nightmare scenario was now a reality — the largest military conflict in Europe since World War II had begun. The war, which is still raging on, will continue to shape the world in the year to come and likely long after. "Russia's invasion of Ukraine represented a geopolitical earthquake, scrambling the entire chessboard of global politics," Ivo Daalder, a former US ambassador to NATO, told Insider. Some experts have warned that the nuclear dangers posed by the Ukraine war after are "far worse" than the Cuban missile crisis, which occurred 60 years ago this past October. Indeed, the global dimensions of the Ukraine war could make it an era-defining fight.

☆ U.S. must stop 'bullying', suppressing China's development, foreign minister says
▼ + stars: | 2022-12-23 | by ( ) www.reuters.com time to read: +2 min

BEIJING, Dec 23 (Reuters) - The United States must stop suppressing China's development and should not continue the "old routine of unilateral bullying", Chinese Foreign Minister Wang Yi told U.S. Secretary of State Antony Blinken. In the latest phone correspondence between the two leaders, Wang said the United States must pay attention to China's legitimate concerns, stop curbing and suppressing its development, and not constantly challenge China's red line in a "salami-slicing” way. Biden had raised objections to China's "coercive and increasingly aggressive actions toward Taiwan," which he said undermined peace and stability across the Taiwan Strait and in the broader region, and jeopardised global prosperity. Xi called it the "first red line" that must not be crossed in China-U.S. relations. Reportiing by Beijing newsroon; Writing by Bernard Orr, Editing by Christian Schmollinger and Jacqueline WongOur Standards: The Thomson Reuters Trust Principles.

☆ Indonesia confirms bauxite export ban to proceed as scheduled
▼ + stars: | 2022-12-21 | by ( Fransiska Nangoy | Bernadette Christina | ) www.reuters.com time to read: +3 min

The timing of Indonesia’s ban, however, is in line with its current mining law. The measure, which led to a dispute at the World Trade Organization (WTO), also helped boost the value of Indonesia’s exports. China was the biggest importer of Indonesia’s bauxite until Jakarta introduced a mineral export ban in 2014, which it lifted in 2017. Indonesia’s bauxite reserves are enough for up to 100 years production, he said. He said there was a possibility that legal action could be pursued against Indonesia for banning bauxite exports, but it would not deter him.

☆ Indonesia says bauxite export ban to proceed as scheduled in June 2023
▼ + stars: | 2022-12-21 | by ( Reuters Staff | ) www.reuters.com time to read: +2 min

JAKARTA (Reuters) -Indonesia will ban exports of bauxite, the main ore source of aluminium, starting from June next year to encourage domestic processing of the material, President Joko Widodo announced on Wednesday. The timing of the bauxite export ban is in line with Indonesia’s current mining law. The World Trade Organization last month ruled in favour of the European Union in a dispute on nickel ore exports, which Indonesia is appealing. Jokowi on Wednesday said he is certain Indonesia’s next export ban would face lawsuit, but said it will not deter him. The president has previously said he wanted to expand the export ban to cover tin, bauxite, gold, copper and palm oil.

☆ Indonesia to announce ban on exports of a commodity, without saying which
▼ + stars: | 2022-12-21 | by ( Reuters Staff | ) www.reuters.com time to read: +2 min

Once the world’s biggest exporter of nickel ore, Indonesia stopped exports in January 2020, a move that had enticed foreign investors, mostly from China, to build smelters in the resource-rich country. Today, later, we will announce (an export ban on) one more commodity,” Jokowi told an economic forum. Jokowi said his nickel export ban had helped Indonesia jumped up the value chain for nickel-based exports, which then boosted overall shipments and improved its current account position. The World Trade Organization last month ruled in favour for the European Union over dispute on nickel ore exports, which Indonesia is appealing. Jokowi on Wednesday said he is certain Indonesia’s next export ban would face lawsuit, but said it will not deter him.

☆ Australia seeks to resolve China trade woes as foreign minister heads to Beijing
▼ + stars: | 2022-12-20 | by ( Renju Jose | ) www.reuters.com time to read: +2 min

Wong is expected to meet Wang Yi in Beijing on Wednesday, the first visit by an Australian minister since 2019 and the first formal talks in Beijing between the two nations' top diplomats since 2018. "Many of the hard issues in the relationship will take time to resolve in our interests," Wong said during a media briefing in Canberra before leaving for China. A meeting between Albanese and Chinese President Xi Jinping on the sidelines of the G20 in Bali last month signalled a thaw in ties, although China's trade sanctions remain in place. Wong will attend the sixth Australia–China Foreign and Strategic Dialogue in Beijing, coinciding with the 50th anniversary of diplomatic relations between the two countries. She hoped the restart of official talks would "stabilise" the relationship between China and Australia.

SYDNEY, Dec 19 (Reuters) - Australian Foreign Minister Penny Wong will visit China this week, Prime Minister Anthony Albanese said on Monday, signalling an improvement in diplomatic relations between Beijing and Canberra. Wong will meet Chinese Foreign Minister Wang Yi and hold the sixth Australia–China Foreign and Strategic Dialogue, coinciding with the 50th anniversary of diplomatic relations between the two countries on Wednesday. It will be the first visit to China by an Australian minister since 2019, and the first formal talks in Beijing between the two nations' top diplomats since 2018. The significance of it is that it's a meeting not in a conference, but a physical meeting in Beijing. read moreAustralian diplomats have previously said Canberra's moves to improve ties with Beijing would not bring a shift in defence policy.

☆ Inside the largest mansion for sale in Malibu, going for $58.8 million
▼ + stars: | 2022-12-19 | by ( Ray Parisi | ) www.cnbc.com time to read: +7 min

watch nowThis $58,808,000 mansion overlooking the Pacific Ocean is one of the largest homes for sale in Malibu. The hot neighborhood's top sale closed in October commanding just over $2,500 per square foot, according to public records, way above average for Malibu. After completing the Kaizen House, he listed it in March for $74.8 million — or more than $4,500 a square foot. Here's a look around the $58.8 million Kaizen House:The home's dramatic entrance delivers fire, water, and intricately carved Belgian bluestone walls Simon BerlynHalliday infused the mansion with Indonesian influences that are evident even before stepping inside. Simon BerlynPrimary suite Simon BerlynThe home's upper level includes six ensuite bedrooms, each with its own terrace.

☆ Inside Malibu's largest home for sale: $58.8 million
▼ + stars: | 2022-12-19 | by ( Ray Parisi | ) www.cnbc.com time to read: 1 min

The Bali-inspired residence at 11870 Ellice St is perched above the Pacific Coast Highway in Malibu is on the market for $58,808,000. The modern glass-and-concrete architecture, called the Kaizen House, is built around an open-air courtyard with lush palms and a koi-filled pond at its center. CNBC's Ray Parisi tours the six-bedroom-ten-bath mansion with co-listing agent Branden Williams president and co-founder of the Beverly Hills Estates Group.

☆ South Korea's economic slump to bottom in H1 2023 - finance minister
▼ + stars: | 2022-12-18 | by ( Reuters Staff | ) www.reuters.com time to read: 1 min

FILE PHOTO: South Korea Finance Minister Choo Kyung-ho attends the G20 Finance Ministers and Central Bank Governors Meeting in Nusa Dua, Bali, Indonesia, 16 July 2022. Made Nagi/Pool via REUTERSSEOUL (Reuters) - South Korea’s finance minister said on Monday the economy is slowing at a more rapid pace than previously expected and would bottom in the first half of next year. “Our economy’s growth is expected to slow next year due to the effects from a global economic slump, and the difficulty will be focused on the first half,” Minister Choo Kyung-ho said at the opening of a meeting with the ruling party leadership. The meeting was held ahead of the government’s announcement later this week of its economic policy strategies for next year, which will be the first full-year statement for President Yoon Suk-yeol’s administration since its launch in May.

☆ South Korea flags economic slump deepening for while
▼ + stars: | 2022-12-18 | by ( Choonsik Yoo | ) www.reuters.com time to read: +2 min

FILE PHOTO: South Korea Finance Minister Choo Kyung-ho attends the G20 Finance Ministers and Central Bank Governors Meeting in Nusa Dua, Bali, Indonesia, 16 July 2022. South Korea’s economy, the fourth-largest in Asia, relies heavily on exports ranging from cars and ships to chips and smartphones. The central bank last month cut its projection for next year’s economic growth to 1.7% from the previous 2.1% in its scheduled revision, citing falling exports and the resultant reduction likely in corporate investment. The ministry is due to unveil its 2023 economic projections and strategies on Wednesday. President Yoon, struggling against low approval ratings, says exports are the best choice for the manufacturing-heavy country to overcome its slump.

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☆ State Department launches 'China House' amid rivalry with Beijing
▼ + stars: | 2022-12-16 | by ( ) www.reuters.com time to read: +2 min

WASHINGTON, Dec 16 (Reuters) - The U.S. State Department on Friday launched its long-planned "China House" unit, an internal reorganization to help expand and sharpen its policymaking toward its top geopolitical rival. Secretary of State Antony Blinken in May announced the creation of China House, calling it a department-wide, integrated team that would coordinate and implement U.S. policy across issues and regions. China House will bring together China experts from throughout the department to coordinate with "every regional bureau and experts in international security, economics, technology, multilateral diplomacy, and strategic communications," the statement quoted Blinken as saying. It will replace the department's China Desk, but will continue to be overseen by Rick Waters, the deputy assistant secretary of state for China, Taiwan and Mongolia in the Bureau of East Asia and Pacific Affairs, according to an official. President Joe Biden's administration has laid out a strategy to compete with China focused on investing in U.S. competitiveness and aligning with allies and partners.

☆ Leaving the U.S. for Bali, why NYC rent is out of control, and more: The 5 most popular videos of 2022
▼ + stars: | 2022-12-15 | by ( Jessica Leibowitz | ) www.cnbc.com time to read: +2 min

Why Rent In NYC Is Out of Control Right Nowhttps://www.youtube.com/watch?v=c7tgsUv3UlU Rent in New York City is at an all-time high. The median asking rent in Manhattan reached $4,100 in June 2022. CNBC Make It spoke to three New Yorkers whose rent increased by up to $2,100 a month. With the median asking rent in Manhattan at around $4,000, the minimum income to qualify for an apartment at that price is $160,000. Today, she is her own boss and is on track to make $1 million in 2022.

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