DIRS.INFO The most relevant business & tech news

☆ China central bank releases slate of support measures amid a deepening economic slump
▼ + stars: | 2024-09-24 | by ( Evelyn Cheng | Evelyn Cheng Is A Senior Correspondent With Cnbc. | ) www.nbcnews.com time to read: +6 min

Lynn Song, chief economist for greater China ING, called the repo rate cut announcement “the most important” move made during the news conference. “If we see a large fiscal policy push as well, momentum could recover heading into the fourth quarter.”The headquarters of the People’s Bank of China in Beijing. During his first news conference as central bank governor in January, Pan said the PBOC would cut the reserve requirement ratio. Unlike the Fed’s focus on a main interest rate, the PBOC uses a variety of rates to manage monetary policy. Pan has indicated he would like the 7-day rate to become the main policy rate.

Persons: Pan Gongsheng, Pan, Lynn Song, ”, “, Jiang Qiming, ” Edmund Goh, Goldman Sachs, Li Yunze, Li, Nomura Organizations: People’s Bank of China Gov, China ING, “, U.S . Federal Reserve, People’s Bank of China, China News Service, Getty, Pan, National Financial Regulatory Administration Locations: BEIJING, China, Beijing, abrdn

☆ China bond yields hit record low after PBOC signals more easing
▼ + stars: | 2024-09-24 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +1 min

A man walks past the People's Bank of China (PBOC) building on July 20, 2023 in Beijing, China. (Photo by Jiang Qiming/China News Service/VCG via Getty ImagesChina bond yields fell to a record low after the People's Bank of China on Tuesday announced that it would cut the reserve requirement ratio for banks. Yield on China's 10-year government bonds fell 3.75 basis points to 2.043%, data from LSEG showed, marking a record low. 30-year bond yields also dropped to a record low of 2.168%. In recent months, insurance companies and institutional investors have flocked to China's bond market, partly due to limited investment opportunities available.

Persons: Jiang Qiming, Pan Gongsheng, Pan Organizations: People's Bank of China, China News Service, Getty Images, PBOC, U.S . Federal Reserve Locations: Beijing, China, Getty Images China, LSEG

☆ Goodbye Louis Vuitton. China’s Gen Z leans into ‘dupe economy’ as growth prospects stall
▼ + stars: | 2024-09-23 | by ( Juliana Liu | ) edition.cnn.com time to read: +8 min

Mainly a print model, Zheng used to rake in 30,000 yuan ($4,230) a month when she began working two years ago. Some are virtually indistinguishable from the real thing, while others are inspired by the original design and offer morecolors or textures. The popularity of this product category is soaring as consumer confidence in China nears a historic low, according to analysts. Shoppers are sitting on the sidelines due to a combination of falling stock prices, capital flight and “tepid” wage growth, the economists said. A Hong Kong court ordered the liquidation of the Chinese property giant on on January 29.

Persons: Zheng Jiewen, Zheng, “, ”, Louis Vuitton, Chanel, Laurel Gu, Lulu, dupes isn’t, Nomura, Xinxin, Greg Baker, Nicole Hal, “ I’ve, Goldman Sachs Organizations: Hong Kong CNN, CNN, Prada, Reuters, Shoppers, Barclays, Hong, Getty, Goldman Locations: China, Hong Kong, Guangzhou, Shanghai, Asia, Japan, Chongqing, Beijing, AFP, Europe, “

☆ China stimulus calls are growing louder — inside and outside the country
▼ + stars: | 2024-09-23 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +5 min

Local residents with umbrellas walk out of a metro station in rain during morning rush hour on September 20, 2024 in Beijing, China. China News Service | China News Service | Getty ImagesBEIJING — More economists are calling for China to stimulate growth, including those based inside the country. His presentation Saturday at Renmin University's China Macroeconomy Forum was titled: "A basket of stimulus and reform, an economic revitalization plan to substantially expand domestic demand." "The elephant in the room is the property market," said Xu Gao, Beijing-based chief economist at Bank of China International. To restore confidence and stabilize the property market, Xu said that policymakers should bail out the property owners.

Persons: Liu Shijin, Liu, Goldman Sachs, China's, Xu Gao, Xu, Nomura, Gabriel Wildau, Teneo, Yi Gang, Wildau, Yi Organizations: China News Service, Getty, Development Research, State Council, CNBC, China Macroeconomy, Goldman, Bank of China International, Center for, People's Bank of China Locations: Beijing, China, BEIJING, Renmin, Center for China, U.S

☆ China and Russia are ramping up joint military drills. What’s their end goal?
▼ + stars: | 2024-09-17 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +11 min

China sent several warships and 15 aircraft to waters off Russia’s Far East coast for Ocean-2024, according to the Russian military. The latest Russia-China military drills fit a pattern of more than a decade of enhanced military coordination between the two countries, experts say. The joint drills also raise questions about whether the two nuclear-armed powers, which are not treaty allies, could act together in any potential future conflict. Russian military sailors attend the opening ceremony for a joint naval exercise in the South China Sea in July. But observers say that despite the growing coordination within joint drills, it’s unlikely there is a clear end goal past sending a strong signal – at least for now.

Persons: Vladimir Putin, Putin, Xi Jinping, Sergei Bobylev, Xi, ’, “ They’re, ”, Alexander Korolev, Washington’s, Carl Schuster, Korolev, it’s “, Elizabeth Wishnick, “, Russia –, James Char, Schuster Organizations: Hong Kong CNN, Kremlin, Canadian, Putin, NATO, Sputnik, Reuters, Soviet, Center for Strategic, International Studies, CNN, Russian, CSIS, University of New, US Navy, Pacific Command’s Joint Intelligence Center, Russian Defense Ministry, Beijing, South China, Pacific Security Affairs Division, CNA, India, Nanyang Technological University’s Institute of Defense, Strategic Studies, China, Navy Locations: China, Hong Kong, United States, Moscow, Russia, Ukraine, East, Ocean, Russian, Japan, Alaska –, South China, Beijing, Washington, Taiwan, Soviet Union, Communist China, Alaska, Pacific, University of New South Wales, Sydney, Asia, Germany, Philippines, South, Iran, lockstep, Nanyang, Singapore

☆ Bao Fan: a CEO went missing. Then his bank got a mysterious bill for $11 million
▼ + stars: | 2024-09-12 | by ( Juliana Liu | ) edition.cnn.com time to read: +3 min

Hong Kong CNN —A Chinese investment bank known for making some of the biggest deals in the country’s tech sector during its heyday has revealed it received a massive bill for 78 million yuan ($11 million) related to the disappearance of its star banker, Bao Fan. The request for payment from unspecified Chinese authorities only deepens the mystery surrounding the whereabouts of Bao, who founded boutique investment bank China Renaissance in Beijing in 2005 and made it one of the top dealmakers for Chinese tech firms. He helped broker the 2015 merger between two of the country’s leading food delivery services, Meituan and Dianping. In February 2023, China Renaissance reported him missing amid a wider anti-corruption crackdown. CNN has reached out to the investment bank for additional information.

Persons: Bao Fan, Bao, Mr Bao, Zhonghui, Deloitte Touche Tohmatsu Organizations: Hong Kong CNN, Economic Observer, Central Commission, CNN, Financial Times, China Renaissance, Zhonghui Anda CPA, Deloitte Locations: China, Hong Kong, Beijing, Dianping, Bao, Zhonghui Anda

☆ China’s secretive space plane has returned to Earth
▼ + stars: | 2024-09-12 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +9 min

Here’s what we know – and don’t – about China’s space plane. The term “space plane” often evokes NASA’s Space Shuttle, which flew 135 missions from 1981 to 2011, carrying astronauts into orbit and helping to construct the International Space Station. Hulton Archive/Getty ImagesWhat do we know about China’s space plane program? China’s space plane development comes as a growing number of countries are paying attention to the deepening connections between security on Earth and in space – and vying for so-called counterspace technologies with the potential to disrupt or even destroy adversaries’ assets in space. But observers have also raised questions about the activities of the space plane, including its own deployment of multiple small satellites.

Persons: –, “ It’s, Chance Saltzman, NASA's, “, It’s, ”, Juliana Suess, Clayton Swope, Joe Skipper, Brendan Mulvaney Organizations: Hong Kong CNN, Boeing, Xinhua, Shuttle, Space, Space Force, Columbia, NASA's Kennedy Space Center, US Space Shuttle, Hulton, China Aerospace Science, Technology Corporation, Royal United Services Institute, Aerospace Security, Center for Strategic, International Studies, SpaceX, Earth, US Space Force, United, Foundation, China Aerospace Studies Institute, US Air Force Locations: China, Hong Kong, United States, Soviet, “, Florida, Xinjiang, London, Washington

Beijing/Hong Kong CNN —Married for seven years, Hansen and his wife Momo care for six little ones at their apartment in downtown Beijing. By 2030, the number of pets in urban China alone will almost double the number of young children across the country, according to its projection. The country’s pet ownership rate would be even higher if the number of dogs and cats in rural areas were included. Its birth rate also dipped to 6.39 births per 1,000 people, the lowest rate since the founding of Communist China in 1949. I think it’s just that we love dogs,” Hansen said.

Persons: Hong Kong CNN —, Hansen, Momo, ”, Beijing hasn’t, they’ve, Justin Robertson, Goldman Sachs, Mao Zedong’s, Goldman, It’s, “, Tao, CNN Tao, CNN Stuart Gietel, aren’t, Basten, “ We’re, ” Hansen, Xi Jinping Organizations: Hong Kong CNN, Research, CNN, Publishing, Authorities, Communist, Hong Kong University of Science, Technology Locations: China, Beijing, Hong Kong, Australia, France, India, Japan, East China's Jiangsu, Communist China, Basten

☆ Rapper Ye is set to perform a controversial show in China this week — and many are wondering why
▼ + stars: | 2024-09-10 | by ( Serenitie Wang | ) www.cnbc.com time to read: +4 min

"This is Hainan trying hard to forge its branding as an international destination," said Michael Zhou, founder of Jingjian, a consultancy specializing in China tourism. The tropical island of Hainan, dubbed the "Hawaii of China," has long been a top travel destination for domestic tourists. According to Zhou, the bulk of Hainan's tourism income comes from hotel stays and duty-free shopping. "As it is the largest duty-free channel in China, Hainan's duty-free sales decline is inevitable," said Charlie Chen, head of Asian Research at China Renaissance, a financial institution. Ye and the China connectionCDF Haikou International Duty Free City is one of many duty-free malls on the Chinese island of Hainan.

Persons: Du, Ye, Michael Zhou, Zhou, netizens, Ye's, Charlie Chen, Hainan's, Luo Yunfei Organizations: straitlaced Communist Party, Communist, Hainan's Provincial, of Statistics, Haikou, Asian Research, Duty, China News Service, Getty Locations: Hainan, Shanghai, China, Weibo, Beijing, Ye, Hawaii

☆ American fast-food giants are going big on a China wager, betting they can get the country's new middle class to love them back
▼ + stars: | 2024-09-10 | by ( Matthew Loh | ) www.businessinsider.com time to read: +11 min

An expansion rate surpassing America'sKFC, run by Shanghai-headquartered Yum China, has historically enjoyed the lion's share of the country's fast-food cravings. Hopes for a new middle class in ChinaCities in China are unofficially grouped into tiers according to their status, size, and wealth. Chinese KFC has nearly doubled its menu itemsExpanding during a sluggish economy might make sense for fast food brands, which are often classified as recession-proof as consumers downgrade their spending. Advertisement"Now, they are doubling down further on this strategy by expanding into the inland regions of China, especially Tier Three and Tier Four cities with a growing middle class," they told BI. Yum China has also been expanding aggressively in the country's burgeoning coffee scene, establishing a popular spin-off called KCoffee.

Persons: —, It's, McDonald's, Shaun Rein, Rein, Allison Malmsten, Malmsten, Cui Nan, Wang Gang, Jonathan Bernstein, Bernstein, Kung Fu, Daxue, it's, They've Organizations: Service, Thursday, Business, McDonald's, Tier, China Market Research Group, KFC, LONG, Future Publishing, Getty Images, China, US, Yum China, Daxue Consulting, Publishing, China News Service, Getty, Analysts, Yonder Consulting Locations: China, Kentucky, Weibo, Hangzhou, China's, Shanghai, China Cities, Beijing, Guangzhou, Shenzhen, Chengdu, Chongqing, Nanyang, Suqian, Jiangsu, London, Asia, Shanghai thronged

☆ Cautious Chinese travelers are taking more last-minute trips as economy struggles
▼ + stars: | 2024-09-10 | by ( Anniek Bao | In | ) www.cnbc.com time to read: +1 min

HAIKOU, CHINA - SEPTEMBER 08: Passengers wait in line to check in at Haikou Meilan International Airport on September 8, 2024 in Haikou, Hainan Province of China. (Photo by Luo Yunfei/China News Service/VCG via Getty Images)Chinese travelers are taking more last-minute trips as they become more cautious with spending amid a lackluster economic recovery. Travelers are planning trips closer to departure as they try to "take advantage of last-minute deals," economists at Oxford Economics told CNBC, noting a shift in consumer preferences where "modern travelers prefer spontaneity in their travel plans." Chinese consumers have become more frugal on everything, from groceries to travel, as the world's second-largest economy grapples with a protracted property crisis and high unemployment. "While people still want to go on holiday, sentiment regarding incomes and consumption remains low," according to economists at Oxford Economics.

Persons: Luo Yunfei, Anthony Caputano, Patrick Body Organizations: China News Service, Getty Images, Marriott International, Bank of America, Lodging Conference, Oxford Economics, CNBC, Cheung Kong Graduate School of Business Locations: HAIKOU, CHINA, Haikou, Hainan Province, China

☆ Mate XT: China’s Huawei set to launch new tri-fold smartphone, its answer to Apple’s iPhone 16
▼ + stars: | 2024-09-09 | by ( Juliana Liu | ) edition.cnn.com time to read: +4 min

Successful sales of the Mate XT tri-fold smartphone, which began pre-orders on Saturday, would be another indication of the company’s sustained resurgence. It also comes after Chinese smartphone makers dominated the top five spots domestically on a quarterly basis for the first time ever, she said, pushing Apple to sixth place. “The close timing of Huawei and Apple’s product launches signals the start of a new competitive wave in the Chinese premium market,” Liu told CNN. Apple said that generative AI, like ChatGPT, on its iPhone 16 would allow users to create text and images with natural-language prompts. Last year, it launched an electric sedan to take on Tesla’s Model S. And it has big ambitions in AI.

Persons: Hong Kong CNN —, Richard Yu, ”, Amber Liu, ” Liu, Apple, Liu, Yu, It’s Organizations: Hong Kong CNN, Huawei, Apple, CNN, Counterpoint Research, Google, Nvidia Locations: China, Hong Kong, Shenzhen, Washington, Beijing, Weibo

☆ Glory days for automakers like Ford, General Motors in China are over
▼ + stars: | 2024-09-03 | by ( Hanna Ziady | ) edition.cnn.com time to read: +10 min

London CNN —Foreign automakers have dominated China’s car market for decades, selling millions of vehicles and raking in enormous profits. Ford (F) and General Motors (GM) are also among firms seeing sales and market share vanish in China as local consumers spurn overseas brands to buy Chinese instead. The American automaker’s sales in China have halved from a peak of above 4 million in 2017 to 2.1 million last year. Last year, BYD sold a record 3.02 million vehicles globally, including plug-in hybrids, up 62% from 2022. Months later, Stellantis (STLA), which makes Citroen, Fiat, and Peugeot cars, bought a 20% stake in Chinese EV maker Leapmotor for about €1.5 billion ($1.7 billion).

Persons: Arno Antlitz, GM’s, Mary Barra, ”, Michael Dunne, Dunne, Xi Jinping’s, Tesla, Yilei Sun, Reuters Tesla, Li, Tu Le, Le, BYD, ” Dunne, Raul Bravo, Stellantis, “ Organizations: London CNN — Foreign, Volkswagen, Wolfsburg, Toyota, General Motors, China Passenger Car Association, Foreign, Japan’s Mitsubishi Motors, Honda, Hyundai, Ford, GM, EV, Tesla, Yilei, Reuters, International Energy Agency, “, CNN, Visitors, Automotive, Xinhua, Shutterstock, Auto, “ Global, UBS, Port, Citroen, Fiat, Peugeot, Leapmotor, Hedin Locations: China, London, Germany, Europe, American, Shanghai, Tesla's Shanghai, Beijing, EVs, Japan, North America, San Antonio, Chile, Chilean, AFP, Xpeng, Thailand, Hungary

☆ China economy: Young people in China aren’t spending on romance. That’s a problem
▼ + stars: | 2024-08-13 | by ( Chris Lau | Hassan Tayir | ) edition.cnn.com time to read: +7 min

“The Qixi Festival is not as robust as previous years. Couples attend a kissing contest during the traditional Qixi festival in Shenyang, northeast China's Liaoning province, on August 13, 2013. “The only part of the world where consumer confidence remains very low is China,” L’Oreal CEO Nicolas Hieronimus told analysts on an earnings call late last month. Lower-than-expected growth in the global beauty sector this year is largely a consequence of low consumer confidence in China, he added. People take photos at a bus stop decorated with flowers during Qixi Festival, or Chinese Valentine's Day, on August 22, 2023 in Chongqing, China.

Persons: China’s, Louis Vuitton, ”, forlornly, Huang Jinkun, Alfred Wu, Lee, “, Yeap Jun Rong, Xi Jinping, Peng Liyuan, Stringer, De Beers, That’s, Niulang, Nicolas Hieronimus, Joanne Wilson, didn’t, ” Mercedes, Ola Kaellenius Organizations: Hong Kong CNN, Weibo, CNN, Qixi, Lee Kuan Yew, of Public, National University of Singapore, Volkswagen, Ministry of Civil Affairs, Getty, Diamond, State Administration of Foreign Exchange, Global, WPP, China News Service, Mercedes, ” Mercedes Benz Locations: China, Hong Kong, Shenyang, Liaoning province, Beijing, China's Liaoning province, AFP, Chongqing

☆ A new experimental US Air Force bomb can sink warships, but the question is if it's the right weapon for a war with China
▼ + stars: | 2024-08-10 | by ( Jake Epstein | ) www.businessinsider.com time to read: +7 min

Read previewA US Air Force B-2 Spirit stealth bomber recently used a new anti-ship weapon to sink a decommissioned warship in the Pacific and a cargo ship off the coast of Florida. A US Air Force B-2 Spirt receives fuel from a KC-135 Stratotanker in the sky over northwest Missouri in August 2018. According to the Air Force Research Laboratory, the goal is to replicate the combat potential of a submarine with an aircraft that can cover a much larger area. QUICKSINK is not the only initiative indicative of the Air Force's desire to increase its maritime strike capabilities. The Air Force remains interested in developing more affordable munitions for maritime strikes.

Persons: —, Vincent De Groot, Bryan Clark, Lindsey Heflin, Mark Gunzinger, QUICKSINK, Clark, Gunzinger Organizations: Service, Air Force, American, Business, US Air Force, KC, US Air National Guard, Air Force Research Laboratory, US Navy, Hudson Institute, US, People's, Army, China News Service, Getty, Mitchell Institute for Aerospace Studies, Ship, Navy Locations: Pacific, Florida, China, Missouri, Hawaii, Gulf of Mexico, Washington, Beijing, Western Pacific

☆ How ‘special forces travelers’ are making – and then breaking – Chinese tourism destinations
▼ + stars: | 2024-08-06 | by ( Chris Lau | Hassan Tayir | ) edition.cnn.com time to read: +6 min

The previously nondescript city in the eastern Chinese province of Shandong became one of China’s hottest spots for domestic tourism last year thanks to its affordable and juicy skewered meat. They’re known as “special forces travelers” because, like soldiers, they move from one checkpoint to another under incredibly tight schedules, often over weekends or short holidays. For the first half of this year, 29.22 million foreign nationals entered and exited, according to the latest figures. But the flash-mob-style approach of “special forces travelers” – switching from one community to the next – has called into question whether that type of domestic tourism is sustainable in the long term. Pan Wenbo, also from Beijing, said his favorite spots included Xi’an, home of the Terracotta Warriors, and Datong, a northern Chinese city known for ancient Buddhist architecture - both offering more affordable accommodation and food.

Persons: ” Zibo, Cici Li Yuetong, “, ”, Li, ” Li, Pan Wenbo, Jiumei, Yang ”, Yang, Mimi Li Organizations: Hong Kong CNN, National Immigration Administration, University, Cici, Warriors, China News Service, CNN, Labor, Hong Kong Polytechnic University Locations: Hong Kong, Zibo, Shandong, Beijing, China, Datong, Gansu, Tianshui City, Gansu Province, Weibo, Hong

☆ China moon samples reveal water molecules in groundbreaking discovery, scientists say
▼ + stars: | 2024-08-05 | by ( Jessie Yeung | ) edition.cnn.com time to read: +9 min

NASA and Indian spacecraft have spotted what they believe to be water on the moon’s surface, and Chinese scientists last year found water trapped in glass beads strewn across the moon. But people didn’t always know there was water on the moon, though scientists theorized about its existence for hundreds of years. “I think it has lots of potential, this new finding that we can extract molecular water directly from lunar soils,” Qian said. After the latest study, many Weibo users raised the possibility of growing plants or crops on the moon using the molecular water found in soil. “We can’t work behind closed doors – it would be best to attract all of their scientists to China,” one wrote.

Persons: China’s Chang’e, ”, David A, Ren Junchuan, Yuqi Qian, didn’t, NASA’s, Luna, Qian, ” Qian, “, Xi Jinping’s, it’s, ” Kring, hasn’t, Bill Nelson, Weibo Organizations: Hong Kong CNN, NASA, Indian, Planetary Institute, University of Hong, China National Space Administration, Xinhua, CNN, “, International Space, Weibo Locations: China, Hong Kong, ULM, Texas, Xinhua, University of Hong Kong, Soviet, SOFIA, United States

☆ Pan Zhanle: China’s internet explodes with pride at ending US swimming 4x100m medley relay reign
▼ + stars: | 2024-08-05 | by ( Nectar Gan | Hassan Tayier | ) edition.cnn.com time to read: +6 min

This is China’s second gold in swimming at the Paris Olympics, following Pan’s record-setting win last Wednesday. In China, many social media users saw the Chinese swim team’s historic win in the relay as a resounding vindication. The hashtag “Pan Zhanle’s stunning reversal” racked up more than 500 million views, as did another hashtag about the relay gold medal. Pan, who turned 20 on Sunday, called the team gold medal his birthday present. The Chinese swim team is always the best!”Pan also won fans for his confidence and candidness.

Persons: Pan Zhanle, Pan, WADA, –, “, ”, Pan’s, Christian Liewig, Brett Hawke, Adam Peaty, we’ve, I’ve, ” Peaty, you’ve Organizations: Hong Kong CNN, Olympics, Team USA, Paris, Tokyo, China’s, Doping Agency, Tokyo Games, New York Times, ARD, Paris Olympics, Australian Olympic, British, Reuters Locations: China, Hong Kong, States, Beijing, Weibo, Paris, Australian

☆ ‘I’m really desperate now’: Temu sellers revolt against fines and withheld pay
▼ + stars: | 2024-08-01 | by ( Juliana Liu | ) edition.cnn.com time to read: +6 min

Hundreds of them staged a demonstration this week at an office affiliated with Temu in the southern Chinese city of Guangzhou. They were protesting what they called “unjust” fines levied by the company or withheld payment on goods already sold, among other complaints. Temu operates as an online store, carrying cut-price merchandise from self-employed sellers. Four sellers interviewed by CNN said the fines ranged from one to five times the wholesale price of the product. CNN has seen screenshots of the seller’s Temu account showing a total of just under two million yuan was ineligible for withdrawal.

Persons: Temu, “ I’m, ”, Shein, ” Temu, Abe Yousef, Goldman Sachs, Ivy Yang, “, Peng Organizations: Hong Kong CNN —, Temu, CNN, Super, Shein, Consumers Locations: China, Hong Kong, Guangzhou, Chinese, Thailand, Temu, “, United States, Latin America, East, Southeast Asia

☆ Fainting, heart attacks, and death. How pilots handle medical emergencies in midair.
▼ + stars: | 2024-07-31 | by ( Mikhaila Friel | ) www.businessinsider.com time to read: +4 min

Read previewThe last thing airline passengers want or expect is for a pilot to have a medical emergency during a flight. Medical emergencies are planned forKent Davis spent over 30 years as a pilot for commercial airlines and private clients. He said he made an emergency landing in Ottawa, while the flight attendants on board cared for the pilot. In August, a LATAM Airlines pilot on a three-person crew had a medical emergency during a flight from Miami, Florida, to Santiago, Chile. He received medical attention after the plane made an emergency landing in Panama, but was later declared dead.

Persons: —, Kent Davis, Mark Stephens, it's, Davis, Stephens Organizations: Service, Business, US, Trans Global Aviation Solutions, China News Service, Airbus, LATAM Airlines, NBC Locations: London, Lisbon, Montreal, Toronto, Ottawa, Miami , Florida, Santiago, Chile, Panama, Piper

☆ China’s LGBTQ+ community celebrates rare scenes from Paris Olympics but internet is divided
▼ + stars: | 2024-07-30 | by ( Chris Lau | ) edition.cnn.com time to read: +7 min

These are among the images that France, the organizer of the Paris 2024 Olympics, presented to the world during the opening ceremony last week. The clampdown has made it all the more striking when scenes of gay men and drag queens from the Paris Olympics opening ceremony made it onto Chinese state broadcaster CCTV. On social media site Weibo, the “#Paris opening ceremony is really cool# hashtag has generated more than 600 million views over the past four days. “Those who didn’t stay up late to watch the Olympic opening ceremony tonight missed out big time. #Paris opening ceremony is really cool#The ceremony remained the top trending topic on Weibo for more than 15 hours starting Saturday.

Persons: Xi Jinping, Ken Huang, ”, Jeremy Goupille, Natacha, Leonardo da Vinci’s, Christian, French, Suen, Aritists, Athena de Martel, ” Suen, Netizens Organizations: Hong Kong CNN, Paris, Weibo, Pride House, Paris Olympics, Communist Party, Chinese University of Hong, House, ” Locations: China, Hong Kong, France, Paris, Beijing, Shanghai, Chinese University of Hong Kong, Weibo

☆ Self-driving tech company WeRide accelerates global expansion as transportation industry adopts AI
▼ + stars: | 2024-07-30 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com time to read: +4 min

(Photo by Jia Tianyong/China News Service/VCG via Getty Images) China News Service | China News Service | Getty ImagesSelf-driving technology firm WeRide is accelerating its global expansion as the artificial intelligence boom boosts adoption of machine learning in transportation. Things are moving relatively fast because of the development of AI right now," said Sebastian Yee, Singapore director of business development at WeRide. In June, the firm began safety testing for "Robosweepers" in Singapore, following similar rollouts in multiple cities in China. watch now"WeRide is the only company which has [driverless] permits from the U.S., China, UAE and Singapore. Some [companies] just have permits from one or two countries, but we have four countries," said Kerry Xu, Singapore general manager of WeRide.

Persons: WeRide, Jia Tianyong, Sebastian Yee, Kerry Xu, Xu, Yee Organizations: SAE, China News Service, Getty Images, Getty, Logistics, Renault, Nissan, Mitsubishi, GAC Group, Nasdaq, U.S, SEC, Changi Airport Locations: BEIJING, CHINA, Beijing, China, Singapore, WeRide, Silicon Valley, Guangzhou, U.S, UAE, Japan, Europe, Cayman Islands, Southeast Asia

☆ Don’t help Russia evade sanctions, Ukraine tells Hong Kong
▼ + stars: | 2024-07-26 | by ( Nectar Gan | ) edition.cnn.com time to read: +4 min

Hong Kong CNN —Ukraine’s Foreign Minister Dmytro Kuleba urged Hong Kong to prevent Russia from using the Asian financial hub to bypass Western sanctions during a visit to the city on Thursday. Kuleba “called on the Hong Kong administration to take measures to prevent Russia and Russian companies from using Hong Kong to circumvent the restrictive measures imposed for Russia’s aggression against Ukraine,” according to a statement from Ukraine’s Foreign Affairs Ministry issued after the minister met with Hong Kong leader John Lee. “These restrictive measures are necessary to weaken Russia’s capacity to wage war and kill people in Ukraine,” it added. In a statement, a spokesperson for the Hong Kong government told CNN on Friday that it “implements and strictly enforces” United Nations Security Council (UNSC) sanctions. However, international companies based in Hong Kong, including Chinese banks, have generally adhered to US sanctions to avoid any risk of being frozen out of the dollar dominated global financial system.

Persons: Hong Kong CNN —, Dmytro Kuleba, “, Hong, John Lee, Hong Kong, Wang Yi, ” Kuleba, Wang Organizations: Hong Kong CNN, Hong Kong CNN — Ukraine’s, European Union, Hong, Ukraine’s Foreign Affairs, CNN, ” United Nations Security Council, UN, Assembly, UNSC, EU, Ukrainian Foreign Ministry, Kyiv, Beijing Locations: China, Hong Kong, Russia, United States, Ukraine, Russian, United Kingdom, Hong, Beijing, Moscow, Western, Guangzhou, Ukrainian

☆ China’s hosting Palestinian and Ukrainian delegations this week. But can it play peace broker in global conflicts?
▼ + stars: | 2024-07-25 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +9 min

Hong Kong CNN —China’s top diplomat Wang Yi has had a busy week in which two devastating conflicts have loomed large. Kuleba’s visit was the first time in the nearly 29 months of Russia’s war on Ukraine that a high-level Ukrainian official has visited China. Official statements from Beijing and Kyiv after Wednesday’s Wang-Kuleba talks gave no indication that the Ukrainian diplomat had swayed Beijing toward Kyiv’s vision for peace. Observers say Beijing could, at some point, play a role in any potential future talks, but is unlikely to shift its relationship with Russia. But it was met with some skepticism from observers in the region given the failure of past attempts at unity.

Persons: Hong Kong CNN —, Wang Yi, Wang, Fatah, Dmytro Kuleba –, –, Kuleba, Beijing “, ” Wang, ”, Steve Tsang, Kuleba’s, Vladimir Putin, Volodymyr Zelensky, “, Zelensky, Russia ”, Antony Blinken, Mahmoud al, Mussa Abu Marzuk, Pedro Pardo, Beijing’s, Wednesday’s Wang, ” Kuleba, Xi, Chong Ja Ian, Donald Trump, Trump’s, JD Vance, ” Chong, Jonathan Fulton Organizations: Hong Kong CNN, Hamas, Ukrainian, SOAS China Institute, University of London, Beijing, NATO, Central Committee, Fatah, China's, Getty, Foreign Ministry, Ukrainian Foreign Ministry, Kyiv, Observers, West, National University of Singapore, Republican, Global, ”, Palestinian, US State Department, West Bank ”, Atlantic Locations: China, Hong Kong, Beijing, Gaza, Ukraine, Russia, United States, Russian, Kyiv, Laos, AFP, Guangzhou, Ukrainian, Moscow, China’s, ” Russia, India, Brazil, Israel

☆ What to expect from Paris during the 2024 Summer Olympic Games
▼ + stars: | 2024-07-25 | by ( Kyle Feldscher | ) edition.cnn.com time to read: +9 min

Paris CNN —The 2024 Summer Olympic Games formally get underway on Friday with an incredibly unique Opening Ceremony aimed at putting one of the world’s most famous cities on display. PARIS, FRANCE - JULY 24: A view of Trocadero Square, the venue for the Paris Olympics opening ceremony, with the Eiffel Tower in the background, on July 24, 2024 in Paris, France. The 2024 Summer Games were organized with a mind to put the entire French nation on display, including its more tropical territories. A Games focused on sustainabilityPARIS, FRANCE - MARCH 14: The Paris 2024 logo, representing the Olympic and Paralympic Games four months prior to the start of the Paris 2024 Olympic and Paralympic games is displayed on the facade of Paris town hall on March 14, 2024 in Paris, France. The Opening Ceremony of the Paris 2024 Olympic Games takes place on Friday 26th July, along the River Seine.

Persons: Paris won’t, Pont Alexandre III, Sheng Jiapeng, they’re, It’s, Pascal Le Segretain, ”, Georgina Grenon, Paris ’, Laurent Michaud, Martin Rickett, –, Alexandre III Organizations: Paris CNN, Games, Eiffel, Concorde, Paris, China News Service, Getty, Covid, Paris Olympics, Chateauroux, Olympic, Paralympic Games, Paralympic, CNN Locations: Paris, France, of, Versailles, PARIS, FRANCE, Tokyo, China, Nice, Marseille, Bordeaux, Nantes, Lyon, Tahiti, Seine

Search resuls for: "China New"

25 mentions found