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China’s Risky Power Play in the South China SeaChina’s coast guard ships have swarmed and collided with Philippine boats. A New FlashpointFor months, the latest target of China’s power play was a Philippine coast guard ship, the Teresa Magbanua. Philippine coast guard Chinese ships Noon, June 17 A group of Chinese ships moved to block the Philippine vessel. SECOND THOMAS SHOAL SABINA SHOAL A Chinese ship began tailing a Philippine ship around 8 a.m. More Chinese ships waited here. 6 p.m. SECOND THOMAS SHOAL SABINA SHOAL The Chinese ships followed the Philippine ship.

Persons: Teresa Magbanua, Sabina, Thomas, ”, Jay Batongbacal, Sabina Shoal, Hu Bo, Ferdinand R, Marcos Jr, Mr, Hu, Marcos, Manlia, Jan, Thomas Shoal, “, Rommel Ong, Wu Yanan, Samuel Paparo, General, Lei Organizations: South China, Bank, University of the, Philippine Coast Guard, Coast Guard, Associated Press, Armed Forces, Facebook, Ateneo School of Government, Philippine Navy, Philippine, China Coast Guard, Reuters, THOMAS, SECOND, Strategic, International Studies, Pacific Command, Theater Command, United, Liberation Army’s Academy of Military Sciences, People’s Liberation Army Locations: South, Philippine, China, Philippines, United States, Chinese, Spratly, Scarborough Shoal, Vietnam, PHILIPPINES SPRATLY, Palawan, SPRATLY, PHILIPPINES Palawan, Sabina, Manila, Asia, University of the Philippines, South China, Beijing, Shoal, Palawan ., China’s, U.S, United

☆ Air Canada reaches last-minute deal with pilots union, averting strike
▼ + stars: | 2024-09-15 | by ( ) edition.cnn.com time to read: +2 min

CNN —Air Canada said early on Sunday it had reached a tentative agreement with its pilots union over a new four-year collective agreement, in a last-minute deal that will avert a near-term strike or lockout. Air Canada and Air Canada Rouge, which operate nearly 670 flights per day carrying about 110,000 daily passengers as well as freight, will now continue flying as normal, the airline said. Air Canada said in a statement the terms of its new agreement with the Air Line Pilots Association (ALPA) representing more than 5,200 pilots will remain confidential, pending a ratification vote by its members expected to be completed over the next month. “After several consecutive weeks of intense round-the-clock negotiations, progress was made on several key issues including compensation, retirement, and work rules,” said First Officer Charlene Hudy, chair of the Air Canada ALPA master executive council. As a result, some United pilots now earn 92% more than their counterparts at Air Canada, the pilots’ association’s data shows.

Persons: ALPA, ”, Charlene Hudy, Steve MacKinnon, Justin Trudeau Organizations: CNN — Air, Air Canada, Air Canada Rouge, Air Line Pilots Association, “, United Airlines, Labour, Canadian, Canadian Pacific Kansas City, Canadian National Railway Air Canada, Pilots, U.S, United Locations: CNN — Air Canada, Canada’s, U.S, United, Canadian Pacific

Crews battling three major California fires could get some relief from record heat and help from the weather as a cooldown preceded minor containment for the blazes. Hot, flame-fanning winds from the desert are dissipating, and the cooler temps may help firefighters give the blaze their best. Firefighters cut and extinguish a fire in a tree as the Bridge Fire burns in the Big Pines hills near Wrightwood, Calif., on Thursday. He also said mutual aid from Washington, Utah, and North Dakota, including firefighters, were sent to Southern California. The weather outlook should give firefighters the weekend and beyond to battle the three fires without unforgiving temperatures.

Persons: Crews, Craig Covey, ” Covey, Etienne Laurent, Anthony Marrone, Kristian Litz, Litz, Jeremy Pierce, Pierce, Justin Wayne Halstenberg, San Bernardino, Fabian Herrera, Gavin Newsom Organizations: California Department of Forestry, Rancho Santa Margarita, Orange County Sheriff's Department . Authorities, AFP, Getty, Angeles County Fire, The California Department of Forestry, Fire Protection, Firefighters, National Guard, National Weather Service Locations: California, Trabuco, Los Angeles, Rancho Santa, Orange, Riverside County, San Bernardino, San Gabriel, Nowhere, Big Pines, Wrightwood, Calif, Angeles, Mount Baldy, Big, San Bernardino County, Highland, San, Washington , Utah, North Dakota, Southern California, San Diego, Los Angeles County

☆ Cave fossils shed light on the disappearance of Neanderthals
▼ + stars: | 2024-09-14 | by ( Ashley Strickland | ) edition.cnn.com time to read: +7 min

But other chapters, like those describing the loss of our ancient ancestors, are harder to recover as time passes. A chance finding of bones in a cave is revealing clues of a much older tragic mystery. The once-in-a-lifetime find, nicknamed Thorin after a character in “The Hobbit,” has puzzled researchers for nearly a decade. The overall winner of the competition was photographer Ryan Imperio for his photo taken during the October 2023 annular solar eclipse. The phenomenon is visible for brief moments during an eclipse when sunlight shines through the moon’s valleys and craters, creating glowing drops of light.

Persons: Duke, Wellington, Gebhard Leberecht von Blücher, Napoleon Bonaparte, Thorin, Ludovic, ”, Yuha Hasegawa, Ryan Imperio, Imperio, Zhu Yubo, Rapa Nui, Christopher Columbus, Butch Wilmore, Suni Williams, Ashley Strickland, Katie Hunt Organizations: CNN, Japan’s Nagasaki University, “, International, Astronomy, Polaris, —, NASA, CNN Space, Science Locations: Brussels, Grotte Mandrin, Rhône, New Zealand, El, Rapa, USA, Americas

☆ Ancient DNA adds to evidence debunking theory of Easter Island collapse
▼ + stars: | 2024-09-14 | by ( Katie Hunt | ) edition.cnn.com time to read: +6 min

CNN —Rapa Nui, also known as Easter Island, never experienced a ruinous population collapse, according to an analysis of ancient DNA from 15 former inhabitants of the remote island in the Pacific Ocean. Settled by Polynesian seafarers 800 years ago, Rapa Nui, today part of Chile, has hundreds of monumental stone heads that echo of the past. But that theory remains contentious, and other archaeological evidence suggests that Rapa Nui was home to a small but sustainable society. Easter Island genomesTo investigate Rapa Nui’s history further, researchers sequenced the genomes of 15 former residents who lived on the island during the past 400 years. But the ancient genomes add to a growing body of evidence that the idea of a self-inflicted population collapse on Easter Island is a false narrative, said Matisoo-Smith, who wasn’t involved in the study.

Persons: Christopher Columbus ’, Jared Diamond, ”, J, Víctor Moreno, Raraku, De Agostini, Moreno, Mayar, Lisa Matisoo, Smith, Matisoo, wasn’t, “, ” Matisoo, Alphonse Pinart, Alfred Métraux Organizations: CNN, Easter, Mankind, French National Museum of, University of Copenhagen’s Globe Institute, Easter Islanders, New Zealand’s University of Otago, Polynesian, New Zealand’s Science Media Locations: Rapa, Easter, Americas, Rapa Nui, Chile, Paris, Peru, Denmark, American, South America, Columbus, Pacific, ”, French, Swiss

☆ USS White River: How the US Navy transformed a landing vessel into a legendary rocket artillery ship
▼ + stars: | 2024-09-14 | by ( Benjamin Brimelow | ) www.businessinsider.com time to read: +14 min

Rather than building an entirely new vessel, it was decided to modify medium-sized landing ships (classified as LSMs for 'Landing Ship Medium'). Officially renamed USS White River in 1955, the ship was decommissioned again in 1956. A day after that, White River fired on a nearby VC anti-aircraft site, destroying it and killing or wounding 11 guerillas. Winstead/National ArchivesFuture shore bombardment and LSMsDespite its value and firepower, by 1970, White River was showing its age. Now known as the Medium Landing Ship program, the Navy hopes to acquire 18 to 35 of the vessels.

Persons: —, White, Cmdr, Roy E, McCoy, Chris Page, we'd, R.E, Winstead, USS Zumwalt, hasn't, they're, Benjamin Brimelow Organizations: Service, US Defense Department, Business, Navy, US Navy, USS, National Archives ', Archives, Atlantic Reserve Fleet, Pacific Fleet, Pacific Reserve Fleet, South Vietnamese Army, Archives Future, Naval, AGS, Marine Corps, Operations, Corps, Global Affairs, Fletcher School of Law, Diplomacy, Modern, Institute Locations: Ukraine, White, beachheads, Pacific, Africa, Europe, Plaines, California, Japan, LSMR, Ch'o, Korean, San Diego, Vietnam, South, Ngãi Province, South Vietnam, Cambodian, Gulf, Thailand, Delta, Viet, Quảng Ngãi, Phuoc Tuy Province, Missouri, West

☆ The US Army put on a sudden show of force out on the far edge of Alaska to send the message it can as Russia and China drill in the Pacific
▼ + stars: | 2024-09-14 | by ( Chris Panella | ) www.businessinsider.com time to read: +6 min

Read previewThe US Army rapidly deployed weapons and soldiers out to the far tip of Alaska in a sudden show of force. Advertisement11th Airborne Division soldiers orient a Q-53 Radar on Shemya Island on September 13, 2024. Related storiesThe Alaska Air National Guard and the Air Force transported the various weapons and assets. 1st Multi-Domain Task Force soldiers set up communication systems for the M142 High Mobility Artillery Rocket System on Shemya Island on September 12, 2024. Advertisement11th Airborne Division soldiers previously told BI that the difficulties of fighting in the unforgiving Arctic prompt them to adapt and innovate in real time.

Persons: —, Joseph Hilbert, Hilbert, we've, Brandon Vasquez, Brandon Vasquez Hilbert, that's, Charles A, Flynn, Hunter, Vladimir Putin Organizations: Service, US Army, Business, 11th Airborne Division, US Army Pacific, Airborne Division, US, Spc, High Mobility Artillery, Lewis, McChord, Alaska Air National Guard, Air Force, Domain, Force, Artillery, U.S, Army, . Air Force, Hunter, Airborne, Pacific, US Army Pacific's, Pacific Multinational Readiness, Joint Base Elmendorf Locations: Alaska, North, Russia, China, Pacific, Washington, Hawaii, Ukraine, It's, Alaska's, Northern, Shemya, . Alaska, Richardson , Alaska, Europe, Asia, Beijing, Moscow

☆ India has a new nuclear-capable ballistic missile submarine. But can it catch up with China?
▼ + stars: | 2024-09-14 | by ( Brad Lendon | ) edition.cnn.com time to read: +10 min

CNN —India’s second nuclear-capable ballistic missile submarine joined its naval fleet late last month, a move the government says strengthens its nuclear deterrent as New Delhi casts a wary eye at both China and Pakistan. The de facto border between India and China, known as the Line of Actual Control, has been a longtime flashpoint between the two. India’s next ballistic missile subs could be years away, however, if history is any predictor of the future. Arighaat was launched almost seven years ago, and if that timeline from launch to commissioning applies to the next Indian ballistic missile sub, it won’t join the service until 2030. A type 094 Jin-class nuclear-capable ballistic missile submarine of the Chinese People's Liberation Army (PLA) Navy participates in a naval parade in 2019.

Persons: CNN —, Rajnath Singh, Janes, Arighaat, ”, Carl Schuster, Aksai, Matt Korda, ” Korda, won’t, SSBNs, Tom Shugart, ” Shugart, Jin, Kandlikar Venkatesh, Mark Schiefelbein, Venkatesh, It’s, Abhijit Singh, ” Singh, Korda, it’s, – Organizations: CNN, People’s Liberation Army, Indian Defense, India’s Eastern Naval Command, Missile Defense Advocacy Alliance, Pacific Command’s Joint Intelligence Center, Troops, Naval, Nuclear, Federation of American Scientists, India’s, Center, New, New American Security, US, United Nations Security Council, US Navy’s, Navy, Global Times, People's Liberation Army, PLA, Getty, Observer Research, Hindustan Times, MIRV Locations: Delhi, China, Pakistan, India, Visakhapatnam, Bengal, United States, Bay, Aksai Chin, Beijing, New American, Russia, United Kingdom, France, Britain, Ohio, AFP, Mumbai, Islamabad, Kashmir, New Delhi

☆ United Airlines to offer free Wi-Fi using Starlink from Elon Musk's SpaceX
▼ + stars: | 2024-09-13 | by ( Leslie Josephs | Michael Sheetz | ) www.nbcnews.com time to read: +2 min

United Airlines said Friday that it plans to offer inflight Wi-Fi for free using Starlink from Elon Musk’s SpaceX on its hundreds of jetliners, the biggest inflight internet deal yet for the satellite service provider. The team-up comes as airlines have been investing in faster inflight Wi-Fi, sometimes offering it for free, in a bid to attract higher-paying customers like business travelers. Delta Air Lines announced in early 2023 that onboard internet would be free for members of its SkyMiles loyalty program. Hawaiian Airlines, which has a deal with Starlink, also offers complimentary inflight Wi-Fi. JetBlue Airways has offered free Wi-Fi for years.

Persons: United Organizations: Airlines, Elon Musk’s SpaceX, Delta Air Lines, Hawaiian Airlines, Starlink, Fi, JetBlue Airways, SpaceX, JSX, United, ViaSat, Panasonic, U.S, Atlantic, Pacific

☆ 'Reasonable sense' that consumption in India will rebound, economist says
▼ + stars: | 2024-09-13 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email'Reasonable sense' that consumption in India will rebound, economist saysKrishna Bhimavarapu, Asia-Pacific economist at State Street Global Advisors, shares his prediction on when the Reserve Bank of India will cut interest rates.

Persons: Krishna Bhimavarapu Organizations: State Street Global Advisors, Reserve Bank of Locations: India, Asia, Pacific, Reserve Bank of India

☆ Alibaba’s Taobao shopping app launches AI-powered English version in Singapore, jumps to first place in Apple’s App Store
▼ + stars: | 2024-09-13 | by ( Sonia Heng | In Sonia-Heng | ) www.cnbc.com time to read: +3 min

In this article BABA Follow your favorite stocks CREATE FREE ACCOUNTThe logo of Alibaba's e-commerce app Taobao is displayed next to mobile phones displaying the app, in this illustration picture taken October 25, 2023. Reuters | Florence LoSingapore — Chinese e-commerce giant Alibaba 's Taobao shopping app topped the Apple App Store charts in Singapore after releasing an English version on Tuesday — thanks to translations powered by artificial intelligence. That's according to Sensor Tower, a market intelligence firm whose data shows Taobao shot to first place in Apple's Singapore App Store across all categories, as of Sept. 11. As early as last year, Singaporean Taobao users had previously made guides on how to purchase clothes, furniture and lifestyle items from Taobao. These video guides were posted on the ByteDance-owned TikTok platform, another Chinese app.

Persons: Florence Lo, Alibaba, Bain, David Zehner Organizations: Reuters, Company, Asia, South Korean, Bain, CNBC Locations: Florence, Florence Lo Singapore, Singapore, Apple's Singapore, China, AliExpress, Malaysia, Asia Pacific, Singapore's

United Airlines said Friday that it plans to offer inflight Wi-Fi from SpaceX's Starlink for free on its hundreds of jetliners, the biggest inflight internet deal yet for the SpaceX business. The team-up comes as airlines have been investing in faster inflight Wi-Fi, sometimes offering it for free, in a bid to attract higher paying customers like business travelers. Delta Air Lines announced in early 2023 that onboard internet would be free for members of its SkyMiles loyalty program. Hawaiian Airlines , which has a deal with Starlink, also offers complimentary inflight Wi-Fi. JetBlue Airways has offered free Wi-Fi for years.

Persons: United Organizations: Airlines, SpaceX, Delta Air Lines, Hawaiian Airlines, Starlink, Fi, JetBlue Airways, JSX, United, ViaSat, Panasonic, U.S, Atlantic, Pacific

☆ Pro-Russian hackers reportedly crashed Taiwan Stock Exchange website on Thursday, local media reports
▼ + stars: | 2024-09-13 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +2 min

A man walks past a monitor showing the stocks curves outside the Taiwan Stock Exchange in Taipei on May 12, 2021. While the exchange did not specify the cause of the attack or the perpetrator of the attack, local media reported this was part of a distributed denial of service, or DDoS, attack on the Taiwanese government by a pro-Russian hacker group. The exchange added that the securities market and related businesses are "operating normally without any impact." China views Taiwan as part of its territory and has not renounced the use of force against the island. [The land in] the Treaty of Aigun, you [China] could have asked for it back, but you didn't."

Persons: Radware, William Lai, Lai, — China's Organizations: Taiwan Stock Exchange, Taipei Times, of Peking Locations: Taipei, Russian, Taiwan, Pacific, China, Russia, Aigun, Manchuria, Japan, Shimonoseki, Republic of China

☆ This 32-year-old cashed out on over $2 million in startup equity—here are five tips on how to negotiate for more shares
▼ + stars: | 2024-09-13 | by ( Ernestine Siu | In Ernestinesiu | ) www.cnbc.com time to read: +6 min

Over the course of about 10 years at the company, Vashi worked his way up from an entry-level consultant role to vice president. It all paid off in June 2022, when Anaplan was acquired by private equity company Thoma Bravo at a roughly $10.4 billion valuation. Here are five tips on how to negotiate for more equity at work, according to Vashi:1. "The best way to secure equity compensation is to make yourself extremely important to the company," he said. When it comes to employees, it is "all based on [their] contributions, either actual contributions or expected contributions," Vashi said.

Persons: Bhavik Vashi, Vashi, Anaplan, Thoma, they've Organizations: University of California, CNBC, Thoma Bravo, Asia Pacific, Carta, Employees Locations: Valley, Berkeley, Silicon Valley, Middle East

☆ Photo hints a big US Air Force Reaper drone competition was focused on one of China's fake islands in the South China Sea
▼ + stars: | 2024-09-13 | by ( Jake Epstein | ) www.businessinsider.com time to read: +4 min

Read previewA newly released photo suggests a recent US Air Force Reaper combat drone event appears to have been focused to some degree on an artificial Chinese island in the South China Sea. AdvertisementOne of the screens featured a map of Mischief Reef and the surrounding area in the contested Spratly Islands of the South China Sea. The South China Sea has long been a source of tension between the US and China, as well as a number of other Indo-Pacific nations. AdvertisementSatellite imagery of the Mischief Reef in the South China Sea. "Air Force Special Operations Command is focused on specialized air power," said Col. Mark Jones, AFSOC concepts and capabilities development division chief, in the Wednesday release.

Persons: —, Thomas Shoal, Deanna Muir, Deanna Muir China, Mark Jones Organizations: Service, US Air Force, Wing, Business, Air Force, Operations, Squadron, Technologies, Air Force Special, Command Locations: South China, Florida, Spratly, Philippines, Beijing, China, Washington

☆ European markets poised to open higher after ECB rate cut
▼ + stars: | 2024-09-13 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +1 min

LONDON — European stocks are set to open higher Friday as investors continue to digest the European Central Bank's decision to cut rates and its impact on future monetary policy. The U.K.'s FTSE 100 is seen opening 1 point higher at 8,239, France's CAC up 20 points at 7,448, Germany's DAX 57 points higher at 18,563 and Italy's FTSE MIB up 41 points at 33,484 ,according to IG data. The European Central Bank slashed rates as expected on Thursday, marking its second 25-basis-point cut this year and bringing its key interest rate to 3.5%. Policymakers gave little indication on the course for monetary policy, however, with President Christine Lagarde saying the bank was not "pre-committing to a particular rate path." Asia-Pacific markets, meanwhile, were mixed, as mainland Chinese markets rebounded from a six-year low and Australian markets near an all-time high.

Persons: Germany's DAX, Christine Lagarde Organizations: Central, France's CAC, European Central Bank, U.S, U.S . Federal Locations: U.S ., Asia, Pacific, Europe, France

☆ The Sahara Desert is greening as unusual storms hit parts of Africa
▼ + stars: | 2024-09-13 | by ( Mary Gilbert | ) edition.cnn.com time to read: +6 min

Satellites recently captured plant life blooming in parts of the typically arid southern Sahara after storms moved there when they shouldn’t. NASARainfall north of the equator in Africa typically increases from July through September as the West African Monsoon kicks into gear. “The Intertropical Convergence Zone, which is the reason for (Africa’s) greening, moves farther north the warmer the world gets,” Haustein explained. NOAA's Climate Prediction CenterTake the northern portion of Chad, which is part of the Sahara Desert. Only up to an inch of rain typically falls here from about mid-July to early September.

Persons: Karsten Haustein, Niño, Haustein, El Niño, ” Haustein, “, g9HrAAzrxC — Evan Fisher, Audu Marte, Haustien, ” Organizations: CNN, NASA NASA, Central African, NASA, West, Satellite, Leipzig University, United, Getty Locations: Africa, Niger, Chad, Central African Republic, Sudan, Libya, Germany, West, Central Africa, Parts, Nigeria, Cameroon, Egypt, United Nations, Maiduguri, AFP, Messawi, Meroe, Sudan's Northern State

☆ Over 30,000 Boeing workers are preparing to strike after rejecting a new labor contract
▼ + stars: | 2024-09-13 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +3 min

Read previewOver 30,000 Boeing workers, or about 20% of the company's employees, are preparing to strike on Friday after rejecting a new labor contract. Workers in Washington and Oregon voted against an agreement that Boeing and the labor union for machinists and aerospace workers proposed on Sunday. The vote was the first full contract vote in 16 years. The tentative labor contract, which included a pay increase over four years, was touted as another win for the beleaguered company. The proposal left workers unsatisfied, Jon Holden, president of the IAM's district 751 and lead negotiator on the Boeing contract, told Reuters on Monday.

Persons: —, Max, Kelly Ortberg, Ortberg, TD Cowen, Jon Holden, Holden Organizations: Service, Workers, Boeing, Business, International Association of Machinists, Aerospace Workers, IAM, Reuters Locations: Washington, Oregon, Boeing's, North America, Pacific Northwest, California, Renton , Washington, Seattle, IAM's

☆ Beijing suspends PwC's China unit for six months in record penalty over Evergrande audit
▼ + stars: | 2024-09-13 | by ( ) www.cnbc.com time to read: +5 min

Chinese regulators on Friday hit PwC's auditing unit in mainland China with a six-month business suspension and a record fine of 441 million yuan ($62 million) over the firm's audit of troubled property developer China Evergrande Group . "PwC has seriously eroded the basis of law and good faith, and damaged investors' interest," said the China Securities Regulatory Commission (CSRC) in a statement. PwC Zhong Tian, the registered accounting entity and the main onshore arm of PwC in China, was the country's top-earning auditor in 2022, according to the latest official data. "The cost is enormous in reputation, affecting the ability to get new business in China beyond the fine. PwC also deliberately excluded properties that Evergrande marked as "not allowed to visit" from audit samples, it added.

Persons: Zhong Tian, PwC, Gary Ng, PwC Zhong Tian, PwC Zhong, Daniel Li, Hemione Hudson, CSRC Organizations: China Evergrande Group, Big, China Securities Regulatory Commission, China's Ministry of Finance Locations: China, PwC, Asia, Pacific, Guangzhou, Hong Kong, New York

☆ CNBC Daily Open: With all key data in, the Fed's policy path looks more uncertain
▼ + stars: | 2024-09-13 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Hotter-than-expected core, againThe U.S. producer price index, which measures the prices producers receive before retailers sell goods and services to consumers, rose 0.2% in August, according to the Bureau of Labor Statistics. However, like the consumer price index, core PPI came in 10 basis points higher than expected. But investors are ignoring two big risks to the market, said a chief investment officer of a wealth management firm.

Persons: Hong, Dow Jones, Sheila Kahyaoglu, Safra Catz, Bond Organizations: CNBC, Nasdaq, Dow Jones Industrial, Nikkei, U.S ., Bureau of Labor Statistics, PPI, Boeing, Jefferies, Oracle, Amazon, Google, Microsoft Locations: Asia, Pacific, U.S, Seattle, Oregon

☆ China policymakers' key challenge is presenting measures in a 'coordinated' way: Strategist
▼ + stars: | 2024-09-13 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChina policymakers' key challenge is presenting measures in a 'coordinated' way: StrategistJason Lui, head of Asia-Pacific equity and derivative strategy at BNP Paribas, discusses the outlook for China's economy, saying policymakers' key challenge is presenting measures in a coordinated way so that the market gains more confidence.

Persons: Jason Lui Organizations: China, BNP Locations: Asia, Pacific

☆ Asia-Pacific markets mostly fall, but China set to rebound from near six-year low
▼ + stars: | 2024-09-13 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

The sails of the Opera House are illuminated with projections on the opening night of Vivid Sydney 2023 in Sydney, Australia, on Friday, May 26, 2023. Anadolu Agency | Anadolu Agency | Getty ImagesAsia-Pacific markets mostly fell on Friday, putting a halt to gains from Thursday even as Wall Street's tech rally continued. This was above July's revised figure of 3.6% and also beat expectations of 3.5% from economists polled by Reuters. Hong Kong Hang Seng index futures were at 17,294, higher than the HSI's last close of 17,240. Futures for mainland China's CSI 300 stood at 3,176, just slightly higher than the index's last close, a near six-year low of 3,172.47 on Thursday.

Persons: Australia's Organizations: Opera, Vivid, Anadolu Agency, Getty, Reuters, Nikkei, Futures, China's CSI Locations: Sydney, Australia, Asia, Pacific, India, Hong Kong

In the first college admissions process since the Supreme Court struck down affirmative action last year, Asian American enrollment at the most prestigious U.S. schools paints a mixed, uneven picture. Columbia University — which, unlike the other Ivies, groups Pacific Islanders with Asian Americans — saw an increase of nine percentage points in its enrollment of Asian American applicants, while Brown saw an increase of four percentage points. It doesn’t mean that race is entirely ruled out of the admissions process, however. Poon, who is the author of “Asian American is Not a Color: Conversations about Race, Affirmative Action, and Family,” said that with race masked in the admissions process, concerns around biases are actually more prevalent. And it’s going to be difficult to determine, for example, why there were drops in Asian American enrollment at some schools as well.

Persons: ”, OiYan Poon, ” Poon, —, Brown, St . Louis, Edward Blum, Hopi Hoekstra, ” Hoekstra, Jonathan Palumbo, Whitney Soule, Dartmouth —, John Roberts, ” Julie J, Poon Organizations: Ivy League, Yale, Princeton, Harvard, University of Illinois, Columbia University —, Pacific Islanders, MIT, Amherst College, Washington University, Conservative, Fair, NBC News, ” Harvard, of Arts and Sciences, Harvard Crimson, ”, University of Pennsylvania, — Cornell, Dartmouth, University of North, University of Maryland, Universities, Federal Student Aid, NBC Asian Locations: U.S, Columbia, Brown, University of Illinois Urbana, Champaign, St ., University of North Carolina, NBC Asian America

“For over a century, the Pac-12 Conference has been recognized as a leading brand in intercollegiate athletics,” Pac-12 Commissioner Teresa Gould said in a statement. I am thankful to our board for their efforts to welcome Boise State University, Colorado State University, California State University, Fresno, and San Diego State University to the conference. An exciting new era for the Pac-12 Conference begins today.”While Pac-12 will survive in name, it's highly unlikely it’ll have the same stature or immediate moneymaking potential of the Big Ten, Southeastern Conference, Atlantic Coast Conference and Big 12. “Today’s news is a great start to stabilizing the future of the Pac‑12 Conference and Washington State University,” Washington State President Kirk Schulz and Athletic Director Anne McCoy said in a joint statement. Washington and Oregon joined the Big Ten as well, with Arizona, Arizona State, Utah and Colorado leaving for the Irving, Texas-based Big 12.

Persons: that’s, ”, Teresa Gould, Kirk Schulz, Anne McCoy Organizations: Conference, Washington, Oregon State, “ Conference of, Boise State, Fresno State, San, NCAA, Boise State University , Colorado State University , California State University, San Diego State University, Southeastern Conference, Atlantic Coast Conference, Washington State University, ” Washington, Athletic, USC, UCLA, Big, Los Angeles, Irving, Stanford, Cal Locations: Washington State, San Francisco, San Ramon , California, Colorado State, Fresno, San Diego State, Corvallis , Oregon, Pullman, Washington, Oregon, Rosemont , Illinois, Midwest, Washington and Oregon, Arizona, Arizona State , Utah, Colorado, Irving , Texas, Charlotte , North Carolina

☆ Jensen Huang says if 'anything were to happen' in Taiwan, Nvidia could have GPUs made somewhere else
▼ + stars: | 2024-09-12 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +5 min

When Nvidia CEO Jensen Huang spoke to Goldman Sachs CEO David Solomon on Wednesday, the banker raised this relationship — and how precarious it is due to rising tension in the Taiwan Strait. This story is available exclusively to Business Insider subscribers. Last year, Huang said he felt "perfectly safe" relying on manufacturing in Taiwan. Though Samsung has some of the same capabilities required to produce the most advanced chips, TSMC is the clear leader. Huang went on to praise TSMC for scaling up to meet the demand that created Nvidia's "hockey stick" earnings in recent years.

Persons: —, Jensen Huang, Goldman Sachs, David Solomon, Solomon, Huang, Dylan Patel, Chris Miller, TSMC, Patel Organizations: Service, Nvidia, Wednesday, Business, Samsung, Intel, SEC, Blackwell Locations: Taiwan, Asia, China, Pacific, TSMC, South, Arizona

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