DIRS.INFO The most relevant business & tech news

☆ UBS inherits tricky wealth legacy in Asia
▼ + stars: | 2023-08-29 | by ( Anshuman Daga | ) www.reuters.com time to read: +4 min

SINGAPORE, Aug 29 (Reuters Breakingviews) - UBS (UBSG.S) CEO Sergio Ermotti is facing an Asian wealth bonanza after acquiring Credit Suisse, which has been particularly strong in Indonesia and neighbouring countries. Tidjane Thiam, who ran Credit Suisse from 2015 to 2020, placed a big bet on the region by creating g a standalone Asian unit led by Indonesian banker Helman Sitohang. Former UBS CEO Ralph Hamers said in March that in Asia, more than anywhere globally, the interplay between wealth management and investment banking was important to lure clients. That working combination helped Credit Suisse regularly top equity capital markets and M&A league tables in Southeast Asian markets. UBS regional chief Edmund Koh told an industry event in July that the Swiss bank will manage about $800 billion of assets in Asia this year, Asia Private Banker reported.

Persons: Sergio Ermotti, Tidjane Thiam, Helman Sitohang, Ralph Hamers, Edmund Koh, Ermotti, Francesco De Ferrari, Benjamin Cavalli, Lisa Jucca, Thomas Shum Organizations: Reuters, UBS, Credit Suisse, Suisse, Credit Suisse’s, Credit, Asia, Banker, HSBC, HK, Thomson Locations: SINGAPORE, Indonesia, Swiss, Asia

U.S. bond investors nonetheless dialled back their bets of a rate hike in November and December following Powell's remarks, though Treasury yields traded near break-even by late morning. The yield on 10-year Treasury notes was steady at 4.2314% and the two-year yield, which reflects interest rate expectations, rose to 5.0735%. "We've seen a back-off in ECB rate hike expectations. Boston Fed President Susan Collins said on Yahoo Finance's video channel that rates may be near or at a peak, "but certainly additional increments are possible." Tokyo consumer price data on Friday, which front-runs nationwide figures, showed inflation remained well above the Bank of Japan's target.

Persons: Toby Melville, Jerome Powell, Powell, David Sadkin, Dow Jones, Christine, Lagarde, Ben Laidler, Patrick Harker, Susan Collins, Shaun Osborne, Joseph Capurso, Kazuo Ueda, Jackson, Brent, Samuel Indyk, Kevin Buckland, Jacqueline Wong, Mark Potter, Chizu Nomiyama, Susan Fenton, Diane Craft, Cynthia Osterman Organizations: London Stock Exchange Group, City of, REUTERS, Federal Reserve, Bel Air Investment Advisors, Nasdaq, European Central Bank, ECB, Reuters, Philadelphia Fed, CNBC, Boston, Yahoo, U.S, Scotiabank, Bank of, Bank of Japan, CBA, West Texas, Thomson Locations: City, City of London, Britain, Jackson Hole , Wyoming, U.S, Asia, Tokyo

[1/3] Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., August 15, 2023. Profit-taking weighed on shares across the board, with the MSCI All Country stock index (.MIWD00000PUS) down 0.36%. Profit-taking also took hold in Europe, where European stocks (.STOXX) gave up earlier gains to edge down 0.37%. EASING YIELDSGovernment bond yields eased, adding to a sense of relief across markets. In currency markets, the dollar index, which measures the greenback against a basket of six other major currencies , added 0.474%, and remains higher over the month.

Persons: Brendan McDermid, Dow Jones, Jerome Powell, Patrick Harker, Harker, Robert Alster, Zhang Zihua, Koh Gui Qing, Tom Wilson, Julie Zhu, Kirsten Donovan, Matthew Lewis Organizations: New York Stock Exchange, REUTERS, Nasdaq, Investors, Federal, Federal Reserve Bank of Philadelphia, CNBC, Profit, Asset Management, Nvidia, Beijing Yunyi Asset Management, Brent, . West Texas, Hong, Thomson Locations: New York City, U.S, United States, Jackson Hole , Wyoming, Europe, Turkish, Asia, Pacific, Japan, China, Beijing, New York, London, Hong Kong

☆ Insight: Insurers poised for US break on investment losses from high rates
▼ + stars: | 2023-08-14 | by ( Koh Gui Qing | ) www.reuters.com time to read: +7 min

A negative IMR forces insurers to tap pots of money they would have otherwise spent on their business or returned to shareholders. Among those insurers are Prudential Financial (PRU.N), OneAmerica Financial Partners, Principal Financial (PFG.O) and Massachusetts Mutual Life Insurance Company, according to Fitch. That compares to $1.8 billion in net fixed income-related losses Prudential recorded in 2022. They do not give banks the option of deferring interest rate-related losses, fearing excesses that led to the 2008 financial crisis. DEFERRING LOSSESFollowing the rule change, insurers will be allowed to amortize interest rate-related losses over time equivalent to 10% of their statutory surplus.

Persons: Dado Ruvic, Fitch, Edward Stone, Stone, Ken Tanji, MassMutual, OneAmerica, Steven Zabel, Zabel, Koh Gui Qing, David French, Greg Roumeliotis, Anna Driver Organizations: Prudential Financial, REUTERS, SEATTLE, Sunday, National Association of Insurance, Reuters, Federal Reserve, OneAmerica Financial Partners, Massachusetts Mutual Life Insurance, Prudential, Silicon Valley Bank, First Republic Bank, Insurance, American Council of, Equitable Holdings, MetLife, U.S . Securities, Exchange Commission, SEC, MassMutual, OneAmerica, Financial, Unum, Thomson Locations: United States, U.S, Seattle, Fitch, Silicon, New York

Tensions have soared between the two neighbours over the South China Sea under Philippine President Ferdinand Marcos Jr, with Manila pivoting back to the United States, which supports the Southeast Asian nation in its maritime disputes with China. China's embassy in Manila criticised Washington for "gathering" its allies to continue "hyping up" the South China Sea issue and the boat incident. "South China Sea is not a 'safari park' for countries outside the region to make mischief and sow discord," the embassy said in a statement on Tuesday. The Second Thomas Shoal, which lies within the Philippines exclusive economic zone, is home to a handful of troops living aboard the former warship Sierra Madre. China claims sovereignty over almost the entire South China Sea, which overlaps with the exclusive economic zones of Malaysia, Vietnam, Brunei, Taiwan and the Philippines.

Persons: Ferdinand Marcos Jr, Thomas, Thomas Shoal, Erik De Castro, Rommel Ong, Ong, Collin Koh, There's, Koh, Jonathan Malaya, Lloyd Austin, Gilbert Teodoro, Bernadette Baum, Alex Richardson, Sharon Singleton Organizations: South China, coastguard, BRP, BRP Sierra Madre, Philippine Navy, REUTERS, Singapore's, Rajaratnam, of International Studies, Philippines National Security Council, China, U.S . Defense, Philippines Defense, Pentagon, Thomson Locations: BEIJING, MANILA, China, Philippines, Manila, South, Philippine, United States, China's, Washington, Sierra Madre, BRP Sierra, Spratly, Beijing, Malaysia, Vietnam, Brunei, Taiwan, U.S, Japan, France

Images from the Philippine Coast Guard also showed the Chinese ship moving dangerously close in front of the Philippine Coast Guard vessels as they escorted the resupply boats. Manila’s claims are backed by the international Permanent Court of Arbitration in the Hague, which ruled in 2016 that China has no legal basis to claim historic rights to the bulk of the South China Sea. “Two Filipino supply vessels and two coast guard vessels illegally intruded into the waters adjacent to Renai Reef in China’s Nansha Islands,” Gan Yu, spokesman for the China Coast Guard, said according to the statement published on its website Sunday. Gan reasserted Chinese territorial claims on the islands and the South China Sea and vowed to continue law-enforcement activity within the region. And on Monday, China’s coast guard, in a statement, accused Manila of trying to “permanently occupy” Chinese sovereign territory.

Persons: Thomas, Renai, Matthew Miller, Ottawa “ unreservedly, Ferdinand Marcos Jr, Thomas Shoal, Collin Koh, ”, Koh, Philippine Sen, Alan Peter Cayetano, Gan Yu, Gan, Jeffrey Ordaniel, Blake Herzinger, Lloyd Austin, Gilberto Teodoro Jr, Jonathan Malaya, ” Koh, Ordaniel Organizations: CNN, Coast Guard, Philippine Coast Guard, South China, Philippines Mutual Defense, US State Department, Canadian Embassy, Ottawa, Chinese Coast Guard, Philippines Coast Guard Philippine, Philippine Foreign Ministry, BRP, BRP Sierra Madre, Court, Rajaratnam, of International Studies, CNN Philippines, China Coast Guard, Facebook, Pacific Forum, Tokyo International University, United States Studies Center, US, Philippine, Monday’s, National Security Council Locations: China, Philippine, South, United States, Philippines, Washington, Manila, Australia, Japan, Germany, South China, Beijing, Malaysia, Brunei, Taiwan, BRP Sierra, Hague, Singapore, China’s Nansha, China’s, “, Malaya

☆ Son of Spanish actor detained in Thailand in grisly murder case
▼ + stars: | 2023-08-07 | by ( ) www.reuters.com time to read: +2 min

The son of the well-known actor Rodolfo Sancho who starred in El Ministerio del Tempo (The Ministry of Time) and actress Silvia Bronchalo, Daniel Sancho works as a chef and was visiting Thailand on holiday, media reported. Sancho was detained shortly after body parts were found at a landfill on Koh Phangan, an island well-known to tourists for monthly 'full moon' parties. The police said DNA tests of the remains proved them to be of Arrieta, adding they have other evidence against Sancho. CCTV footage showed by local broadcaster ThaiPBS showed Sancho and Arrieta on a motorcycle together days before the remains were discovered. Reporting by Panarat Thepgumpanat and Panu Wongcha-um; Writing by Kay Johnson; Editing by Kanupriya KapoorOur Standards: The Thomson Reuters Trust Principles.

Persons: Daniel Sancho Bronchalo, Rodolfo Sancho Aguirre, Edwin Arrieta Arteaga, Read, Koh Phangan, Daniel Sancho Bronchal, General Saranyu Chamnanrat, Sancho, Saranyu, Rodolfo Sancho, Silvia Bronchalo, Daniel Sancho, Daniel Sancho himself, Phangan, ThaiPBS, Arrieta, Panarat Thepgumpanat, Panu, Kay Johnson, Kanupriya Kapoor Organizations: Reuters, Police, Sunday, El Ministerio del Tempo, Thomson Locations: Spanish, Colombian, Koh Phangan, Thailand, BANGKOK, Koh, El, Arrieta's

☆ Singapore's 'squeaky clean' image takes a beating as scandals rock the government
▼ + stars: | 2023-07-19 | by ( Sumathi Bala | ) www.cnbc.com time to read: +7 min

watch nowOn Monday, Singapore's Prime Minister Lee Hsien Loong said he decided the incumbent speaker of the Singapore's Parliament Tan Chuan Jin "had to go." Lee Hsien Loong Singapore prime ministerSingaporeans, who are not used to political scandals, have taken to memes to express themselves. Singapore Prime Minister Lee Hsien Loong (L) shaking hands with a PAP supporter during a May election rally. SIMIN WANG | AFP | Getty ImagesThe prime minister sought to quickly control the damage, emphasizing the government's zero-tolerance on corruption to allay public concerns. The prime minister is seeking to hand over power to the next generation of leaders in the near future.

Persons: Lee Hsien Loong, Dr Koh Poh Koon, Ang Mo, Suhaimi Abdullah, Eugene Tan, Tan Ern Ser, Tan Chuan Jin, Tan, Cheng Li Hui, SMU's Tan, CNBC's, Ong Beng Seng, Felix Tan, NTU's Tan, SIMIN WANG, Lee Organizations: Action Party, Getty, Singapore Management University, CNBC, Party, National University of Singapore, Singapore's, Public Service, Nanyang Technological University, NUS, Singapore, AFP Locations: SINGAPORE, Singapore, Asia, Lee Hsien Loong Singapore

[1/2] Supporters of the ruling People's Action Party (PAP) wait for their candidates at a nomination center ahead of the general elections in Singapore September 1, 2015. Analysts said the events may not bode well for the PAP, which has ruled Singapore uninterrupted since 1959. "These events appear to have created some public speculation about the PAP's approach to privilege, restraint, and authority," said National University of Singapore political scientist Chong Ja Ian. Prime minister-in-waiting Lawrence Wong said the government would be forthcoming about the corruption case - even if the information was damaging or embarrassing. But political scientist Walid Jumblatt Abdullah at Nanyang Technological University said Lee had enough political goodwill to ride this out.

Persons: Edgar Su, bode, Lee Hsien, Singapore's, Lee Kuan Yew, Chong Ja Ian, Lee, Lawrence Wong, Iswaran, Chong, Lee's, Walid Jumblatt Abdullah, Gillian Koh, Walid, Wong, Xinghui Kok, Robert Birsel Organizations: Action Party, REUTERS, National University of Singapore, Transport, Nanyang Technological University, Institute of Policy, Thomson Locations: Singapore, SINGAPORE

☆ Singapore senior minister of state for manpower discusses gig workers
▼ + stars: | 2023-07-17 | 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 EmailGig workers should have 'legal mandate' to negotiate with companies: Singapore government officialKoh Poh Koon, Singapore's senior minister of state for manpower, discusses the Singapore government's decision to accept recommendations by a workgroup to make sure that platform workers are better represented. He clarifies, however, that it's "not exactly the same as a union."

Persons: Koh Poh Koon, Singapore's Locations: Singapore

☆ Gig workers are ‘here to stay': Singapore minister on why they shouldn't be left behind
▼ + stars: | 2023-07-17 | by ( Goh Chiew Tong | ) www.cnbc.com time to read: +3 min

watch nowSINGAPORE — Gig workers in Singapore face "vulnerabilities" that need to be addressed, said the country's senior minister of state for manpower. Gig workers face 'significant management control'The minister clarified that a legal mandate for gig workers is "not exactly the same as a union." That includes changes in matching and pricing algorithms on platforms that may affect the livelihood of gig workers. The expense-to-income ratio of gig workers was 112% in May — "significantly higher" than the median customer's 57%, DBS said. "Tripartism involves both government, platform companies in this case, and also platform workers in the unions … the three parties working closely together will form the foundation for that relationship of trust."

Persons: Koh Poh Koon, Koh, Singapore's Organizations: DBS, for, Workers, Singapore National Employers Federation Locations: SINGAPORE, Singapore

☆ I'm a 25-year-old South Korean and still live with my parents. I'm ready to move out, but can't afford it.
▼ + stars: | 2023-07-10 | by ( Reena Koh | Amanda Goh | ) www.businessinsider.com time to read: +6 min

Due to South Korea's skyrocketing real-estate prices, she can't afford to leave her parents' home. This as-told-to essay is based on a conversation with Park Su-Ah, a 25-year-old accounts manager in South Korea. The average cost of buying a 1,174-square-foot apartment in my city was 789.36 million Korean won, or about $606,570, in 2022. Right now, I'm an accounts manager at a publishing house where I make 2.2 million won, or about $1,690, a month. In June 2022, the average jeonse deposit for an apartment in Seoul was 680 million won, or about $522,642.

Persons: —, it's, We've, that's, aren't Organizations: Service, Wonkwang University Locations: Wall, Silicon, South Korea, Goyang, Seoul, Iksan

☆ 7 of Twitter's most followed users have jumped onto Threads: 'May this platform have good vibes'
▼ + stars: | 2023-07-06 | by ( Kai Xiang Teo | Reena Koh | ) www.businessinsider.com time to read: +4 min

Ellen DeGeneres is currently the Twitter user with the greatest following to have posted on Threads. Already, some of Twitter's most followed users have jumped onto the Threads wagon. Shakira, 53.8 million Twitter followersShakira Marc Piasecki/FilmMagic/Getty ImagesShakira made her move to Threads on Tuesday with her first post: "Well hello Threads 👋." Jennifer Lopez, 44.9 million Twitter followersJennifer Lopez in 2023. read her first post, followed by: "Hola a todos!!!!!"

Persons: Ellen DeGeneres, Shakira, Kim Kardashian, Twitter's, twit, Mark Zuckerberg, Elon Musk, Ellen DeGeneres Brooks Kraft, DeGeneres, Bill Gates, Bill Gates Taylor, Shakira Marc Piasecki, witter, J, ola, hal i, ari Organizations: Twitter, Getty, unc, lse Locations: usk

☆ Resources available for learning genealogy, researching your ancestry
▼ + stars: | 2023-06-27 | by ( Reuters Staff | ) www.reuters.com time to read: +2 min

That means you – and what you know about your parents and grandparents – are the starting points for researching your family’s ancestry. In conjunction with this Reuters series, Legacy Family Tree Webinars is making available at no charge a variety of online genealogy webinars from its extensive library to help novices and experts alike. The webinars range from introductions to genealogy for novices to courses that explore African American genealogy. Among the webinars available through July is Descendants of the Enslaved and Enslavers – Working Together to Discover Family. Legacy Family Tree Webinars has a library of about 2,000 genealogy-related webinars.

Persons: –, Tom Bergin, Makini Brice, Nicholas P, Brown, Donna Bryson, Lawrence Delevingne, Brad Heath, Andrea Januta, Gui Qing Koh, Tom Lasseter, Grant Smith, Maurice Tamman, Catherine Tai Design, John Emerson, Blake Morrison Organizations: Reuters, reuters

☆ More than 100 U.S. political elites have family links to slavery
▼ + stars: | 2023-06-27 | by ( Reuters Graphic | ) www.reuters.com time to read: +46 min

Then the war came, and according to the family history, Union soldiers plundered Sessions’ 27-room house. About 48 years old at the time, he did not stand a chance to succeed without slavery, the family history suggests. ‘A Better Nation’Some historians and genealogists say there is a valuable reason for white leaders – and other white Americans – to explore their links to slavery. Nicka Sewell-Smith, a professional genealogist with the family history website Ancestry.com, said people frequently ask her what to do with such documents. The top Democrat on the House Foreign Affairs Committee, Meeks said in an interview that he has spent years trying to trace his family history back before 1870.

Persons: Black, Mitch McConnell, Lindsey Graham, Tom Cotton, James Lankford, Elizabeth Warren, Tammy Duckworth, Jeanne Shaheen, Maggie Hassan, Joe Biden, –, Donald Trump –, Jimmy Carter, George W, Bush, Bill Clinton, Barack Obama, Trump’s, Amy Coney Barrett, Neil Gorsuch –, Asa Hutchinson, Doug Burgum, Tim Scott, James Clyburn, Henry McMaster, ”, Henry Louis Gates Jr, Gates, ” “, ” Gates, enslavers, Tony Burroughs, Biden, Obama, McConnell, Burroughs, Joseph Maddox, Maddox, Sela, Rubin, James, Sal, Sam ”, Graham, Graham didn’t, Nancy Mace, Drucilla, Drucilla Mace, John Mace, Hector Godbolt, John Mace’s, Godbolt, “, ” Nancy Mace, Henry Coe, Duckworth, Coe, Margaret, Isaac, Warner, George …, Isaac Franklin –, “ There’s, ” Duckworth, George Floyd, Donald Trump, ” Biden, ‘, ’, Ben Affleck, ” Affleck, Independent Angus King, Mo Brooks, ” Brooks, Sean Kelley, Kelley, White, don’t, wasn’t, Richard Sessions, Pete Sessions, Richard’s, William Sessions, John Cowger, Tom Cotton of, ” Cotton’s, Cowger, Cotton, Archibald Crawford, Juneteenth, Shaheen, Pocahontas, Edmond Dillehay, Peter ”, Milly, Lankford, ” Lankford, Joe Wilson, Stephen H, Wilson, Boineau, General David Addison Weisiger, Wilson –, Addison Graves Wilson –, Weisiger “, ” Wilson, Daniel Weisiger, Daniel Weisiger’s, Samuel, Samuel Weisiger, Daniel, Julia Brownley, Jesse Brownley, Brownley, ” Brownley, Thomas Ferguson, Brooks, Manumission, Marie Jenkins Schwartz, ” “ It’s, Union General William Tecumseh Sherman, Harvard’s Gates, Sherman, Andrew Johnson, Abraham Lincoln, Nicka Sewell, Smith, Ancestry.com, ” Sewell, LaBrenda Garrett, Nelson, Garrett, Rick Larsen, John Wiggins, Larsen, – Gilbura, George, Agg –, ” Larsen, Gilbura, Agg, Gregory Meeks, Meeks, Jim Crow South, – Meeks, – “, ” Meeks, “ I’m, I’m, Tom Bergin, Makini Brice, Nicholas P, Brown, Donna Bryson, Lawrence Delevingne, Brad Heath, Andrea Januta, Gui Qing Koh, Tom Lasseter, Grant Smith, Maurice Tamman, Catherine Tai Design, John Emerson, Jane Ross, Emma Jehle, Jeremy Schultz, Blake Morrison Organizations: Reuters, Republicans, U.S, Supreme, Republican, Harvard University, PBS, United States Congress, Representative, WikiLeaks, Sony, Facebook, White, FedEx, National Museum of, 117th, Independent, University of Essex, Geographic, American Economic, Pete Sessions, Sessions, Federal Bureau of Investigation, Jeanne Shaheen U.S, CNN, Biden, Trump, ” Reuters, South, South Carolina General Assembly, Confederate, statehouse, Congressional, Chesterfield County, Mount Vernon College, George Washington University, Mo Brooks Former U.S, “, New York Times, United, Federal Government, Union, Black, Southern, Democrat, House Foreign Affairs, Klux Klan Locations: U.S, America, Confederate States, Arkansas, North Dakota, South Carolina, Congress, Black, Northern, Southern, Illinois, Virginia, Frederick County , Virginia, United States, Minnesota, ”, Mo Brooks of Alabama, American, Texas, Mississippi, Chicot County , Arkansas, Chicot County, Tom Cotton of Arkansas, Yell County, Yell County , Arkansas, New Hampshire, Oklahoma, Tulsa, Georgia, Pennsylvania, Michigan, Frankfurt, Germany, Chesterfield County , Virginia, California, Portsmouth , Virginia, Alabama, Haywood County , North Carolina, Antebellum, United States of America, Washington, Nicholas County , Kentucky, Queens , New York, New York, York County, Mende, Sierra Leone, Africa, Bunce

They include eight chief executives of the 11 states that formed the Confederate States of America, which seceded and waged war to preserve slavery. Although white people enslaved Black people in Northern states in early America, by the eve of the Civil War, slavery was almost entirely a Southern enterprise. South Carolina, where the Civil War began, illustrates the familial ties between lawmakers and the nation’s history of slavery. Each of the seven white lawmakers who served in the 117th Congress is a direct descendant of a slaveholder, Reuters found. In researching America’s political elite, Reuters found names – almost always just a first name – of 712 people enslaved by the ancestors of the political elite.

Persons: Black, Mitch McConnell, Lindsey Graham, Tom Cotton, Elizabeth Warren, Tammy Duckworth, Jeanne Shaheen, Joe Biden, –, Donald Trump –, Jimmy Carter, George W, Bush, Bill Clinton, Barack Obama, Amy Coney Barrett, Neil Gorsuch –, Asa Hutchinson, Doug Burgum, Tim Scott, James Clyburn, Henry McMaster, ”, Henry Louis Gates Jr, Gates, ” “, ” Gates, enslavers, Tony Burroughs, Biden, Obama, McConnell, “ it’s, ” Burroughs, LINDSEY GRAHAM, Joseph Maddox, Maddox, Sela, Rubin, James, Sal, Sam ”, Graham, Graham didn’t, NANCY MACE, Nancy Mace, Drucilla Mace, John Mace, Hector Godbolt, John Mace’s, Godbolt, “, ” Nancy Mace, TAMMY DUCKWORTH, Duckworth, Henry Coe, Coe, Margaret, Isaac, Warner, George …, Isaac Franklin –, “ There’s, ” Duckworth, Tom Bergin, Makini Brice, Nicholas P, Brown, Donna Bryson, Lawrence Delevingne, Brad Heath, Andrea Januta, Gui Qing Koh, Tom Lasseter, Grant Smith, Maurice Tamman, Blake Morrison Organizations: U.S, Reuters, Republicans, Supreme, Republican, Harvard University, PBS, United States Congress, Geographic, Journalists, Black, Thomson Locations: America, U.S, Confederate States, Arkansas, North Dakota, Black, Northern, Southern, South Carolina, Congress, New Hampshire , Maine, Massachusetts, United States, Illinois, Virginia, Frederick County , Virginia

☆ Should the U.S. government pay reparations for slavery and its legacy?
▼ + stars: | 2023-06-27 | by ( ) www.reuters.com time to read: +10 min

The poll found that 74% of Black Americans favor reparations compared to just 26% of white Americans. A divided America Views on whether the U.S. government should provide some form of reparations for slavery and its legacy are split along party and racial lines. They also say it’s wrong to have taxpayers finance reparations, given that no one alive today is responsible for slavery. In April 2021, Gohmert went on the attack by proposing an amendment calling for the Democratic Party to pay for reparations. In the slavery era, the Democratic Party supported slavery; the Republican Party, led by Abraham Lincoln, called for slavery’s restriction and eventually abolished it.

Persons: –, Elizabeth Warren, Chris Van Hollen, Lloyd Doggett, Tommy Tuberville, John N, Kennedy, Louie Gohmert, ”, Black, Robert Lindsay, Gohmert, Abraham Lincoln, Lindsay, Valentine, ” Tuberville, “, Tuberville, Valentine Brazil, Nathan Calhoun, ” Kennedy, Nathan Calhoun’s, Dabney P, Calhoun, John Crawford, ’ Warren, Warren, – Crawford, Crawford, ” Warren, Isaac Hollingsworth, ’, Van Hollen, ” Van Hollen, Miller Doggett, Doggett, ” Doggett, Jim Crow, Tom Bergin, Makini Brice, Nicholas P, Brown, Donna Bryson, Lawrence Delevingne, Brad Heath, Andrea Januta, Gui Qing Koh, Tom Lasseter, Grant Smith, Maurice Tamman, Catherine Tai Design, John Emerson, Jeremy Schultz, Blake Morrison Organizations: Black, Reuters, –, 117th, U.S ., Louie Gohmert Former U.S, Representative, Republican, Democratic Party, Republican Party, Vigilance, Kennedy U.S, Massachusetts Democrat, Senate, Chris Van Hollen U.S, Maryland, Lloyd Doggett U.S, H.R, Texas Democrat Locations: United States, America, U.S . Civil, Louie Gohmert Former, Texas, Europe, Bowie County , Texas, Boston, Bowie County, Alabama, Valentine Brazil, Nevada, Tuberville, Saline County , Arkansas, Brazil, Ouachita, Louisiana, Abbeville , South Carolina, Massachusetts, Dorchester County , Maryland, Maryland, Virginia, Tennessee

☆ US Coast Guard ship transits Taiwan Strait after Blinken’s trip to China
▼ + stars: | 2023-06-22 | by ( Brad Lendon | ) edition.cnn.com time to read: +3 min

Seoul, South Korea CNN —A US Coast Guard ship “conducted a routine Taiwan Strait transit” on Tuesday, according to a statement released by the US Navy. Koh’s database notes two occasions where Coast Guard cutters have sailed the strait with US Navy destroyers. China’s Coast Guard responded on Thursday on their official Weibo account where Gan Yu, the spokesperson of China’s Coast Guard, said that “on June 21 US Coast Guard Stratton sailed through the Taiwan Strait” and accused the US of “hyping up” the matter by announcing it publicly. According to the US, the Chinese ship came within 150 yards of the USS Chung-Hoon – less than the length of the Arleigh Burke-class ship itself. A Chinese military spokesperson later accused Washington of “deliberately stirring up trouble and risks in the Taiwan Strait.”

Persons: “, USCGC, ”, Antony Blinken’s, Xi Jinping, Collin Koh, Xi, Gan Yu, Coast Guard Stratton, Haley Sims, Hoon, USS Chung, Arleigh Burke Organizations: South Korea CNN, Coast Guard, US Navy, Beijing, USCG, Rajaratnam, of International Studies, Navy, China’s Communist Party, Taiwan, China’s, Guard, Weibo, China’s Coast Guard, US, CNN, USS Locations: Seoul, South Korea, Taiwan, China, Singapore, Taiwan Strait, Canadian, Washington

☆ India demonstrates naval strength with dual aircraft carrier exercise
▼ + stars: | 2023-06-15 | by ( Brad Lendon | ) edition.cnn.com time to read: +5 min

The Indian aircraft carriers INS Vikramaditya and INS Vikrant lead combined operations in the Arabian Sea. Sanjay Atri/Indian NavyUpon Vikrant’s commissioning last year, India joined only the United Kingdom and China in commissioning a domestically built aircraft carrier in the previous three years. It has operated two aircraft carriers on two previous occasions, between 1987 and 1997, and between 2013 and 2017. But even with the advancements demonstrated by the dual-carrier operation, India’s carrier program still has question marks, said Childs from IISS. It would certainly suggest that the Indian Navy could do with more carrier aircraft,” Childs said.

Persons: CNN —, ”, Nick Childs, Vikramaditya, INS, “, India’s, Vikrant, Sanjay Atri, Collin Koh, ” Koh, Carl Schuster, ” Schuster, USS Nimitz, Ronald Reagan, Schuster, Childs, ” Childs Organizations: CNN, Analysts, United States Navy, Indian Navy, International Institute for Strategic Studies, Rajaratnam, of International Studies, Liberation Army, PLA, Navy, PLA Navy, US Navy, Indian Navy India, Australia –, Malabar, USS Locations: India, Russia, United Kingdom, China, Singapore, Soviet, Liaoning, Shandong, Fujian, Hawaii, ”, United States, Japan, Australia, Philippine, IISS

☆ A political drama series on Netflix has sparked a #MeToo wave in Taiwan
▼ + stars: | 2023-06-14 | by ( Reena Koh | ) www.businessinsider.com time to read: +4 min

The Taiwanese Netflix political drama "Wave Makers" has sparked a #MeToo wave in Taiwan. It triggered a series of sexual assault allegations that have rocked Taiwan's political scene. download the app Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy PolicyA new Taiwanese political drama series on Netflix that premiered on April 28 has sparked a #MeToo wave in Taiwan. This line threw open the floodgates to a wave of sexual assault allegations. As part of the #MeToo wave, Chien also came forward with her own sexual assault story in a Facebook post on June 2.

Persons: —, Let's, Chen Chien, Chen, Hsu Chia, Chen Mei, Yan Chih, Lin Nan, Tsai Mu, Hsu, Tsai Ing, Tsai, Chien Li, Chien, Yan Shi, Lin Chun Organizations: Netflix, Service, Washington Post, Democratic Progressive Party, China Morning, University Locations: Taiwan, Washington, China

☆ Young people in China are giving up high-paying jobs to become baristas and waiters, and they're talking about it online
▼ + stars: | 2023-06-14 | by ( Reena Koh | ) www.businessinsider.com time to read: +5 min

China's youth is giving up white-collar work for blue-collar work, and they're talking about it online. The hashtag "my first physical work experience" has over 30.4 million views as of June 12. "I realized this kind of physical work with a sense of participation actually provides nourishment for creation. Kong Yiji is a fictional character from a story written by Lu Xun, a leading figure in modern Chinese literature. That's because the young people posting on Xiaohongshu aren't locked out of the white-collar job market.

Persons: —, They've, they've, Kong Yiji, Lu Xun, aren't, Jia Miao Organizations: Service, CNBC, New York University Shanghai Locations: China, Xiaohongshu, Guangdong province, ByteDance, TikTok, Liaoning, Asia

☆ Meet the typical South Korean millennial: educated, overqualified for the job market, and part of the 'kangaroo tribe' that can't afford to leave their parents' homes
▼ + stars: | 2023-06-12 | by ( Matthew Loh | Reena Koh | ) www.businessinsider.com time to read: +2 min

Kwon, 28, swam for his varsity team at Yonsei University, one of South Korea's top colleges. But like most young and unmarried South Koreans, he lives with his parents, and despite earning more than the national average, he won't even consider buying his own home for the next 10 years. Kwon and Hong belong to Generation MZ, a collective term for South Korea's millennials and Gen Zers, who often get grouped together for their digital fluency and outlook on life. Generation MZ — anyone born between 1980 and 2005 — accounts for almost a third of the country's population of around 52 million people. Insider spoke with five South Koreans of Generation MZ, as well as finance and generational experts, to gain a better understanding of the generation.

Persons: Kwon Joonyeop, Kwon, Kwon Joon, yeop Kwon, Hong Seo, yoon, She's, Hong, she's, Korea's millennials, Gen Zers Organizations: Yonsei University, South Koreans, Seoul National University, Korean Broadcasting System, Korea's Locations: Korea's, Gangnam, glitzy, Seoul, Korea, Seoul —

☆ The 10 least affordable places to live if you're an expat in 2023
▼ + stars: | 2023-06-08 | by ( Reena Koh | ) www.businessinsider.com time to read: +5 min

New York, Hong Kong, and Geneva are the top 3 unaffordable cities to live in if you're an expat in 2023. Read further for the 10 least affordable places to live if you're an expat in 2023, ranked from the most expensive to the least expensive. Alberto MazzaThe average monthly rent for a four-room apartment in Geneva's city center is about $4,600. GettyThe median monthly rent for a two-bedroom flat in London touched a high of $2,895 in December, according to CNBC. JaCZhou 2015/Getty ImagesThe average monthly rent for a four-room apartment in the city center of Zurich sits at around $4,200, per The Local.

Persons: —, Lee Quane, Read, Sharp, ANTHONY WALLACE, Alberto Mazza, LondonlovesBusiness, Justin Sullivan, Alexander Spatari, Marielle, Allan Baxter, Tokyo Kantei Organizations: Service, York, ECA, Big Apple, NBC, New York Times, Getty, expats, Bloomberg, CNBC, San Francisco Bay Area, Jerusalem Post, Central Bureau of Statistics, CBS, South Korea Skyline, South, Financial Times Locations: . New York, Hong Kong, Geneva, London, Singapore, New York, Asia, expat, Manhattan, expats, NBC New York, China Hong, Switzerland, Geneva's, Swiss, NurPhoto, Zurich, San Francisco, US, San Francisco Bay, Tel Aviv, Israel, Jerusalem, Seoul, South Korea, South Korean, —, Korean, Tokyo, Japan

☆ A viral photo of a double-decker airplane seat design has ignited a fierce debate about farting
▼ + stars: | 2023-06-08 | by ( Reena Koh | ) www.businessinsider.com time to read: +2 min

A photo of a double-decker airplane seat has gone viral. A photo of a double-decker airplane seat has gone viral on the internet, with people divided on whether they would want to take a seat. Pictures of the Chaise Longue Airplane Seat prototype, designed by Alejandro Núñez Vicente, first made an appearance last year. Núñez Vicente graduated from Brunel University London in 2021 with a degree in Industrial Design and Technology, according to LinkedIn. In response to the backlash, the award-winning airplane seat designer thinks "there's no such thing as bad publicity," per CNN.

Persons: Alejandro Núñez Vicente, Núñez Vicente Organizations: Morning, CNN, Brunel University London, Design, Technology, LinkedIn Locations: Hamburg, Germany

The S&P 500 index (.SPX) rose 0.2%, the Dow Jones Industrial Average (.DJI) added 0.12%, and the Nasdaq Composite Index (.IXIC) climbed 0.28%. The pan-European STOXX 600 index (.STOXX) rose 0.37%, while MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) was little changed. With major share markets all in the black, investors might think that stocks are set to rise further. Government bond yields - a proxy for borrowing rates - eased earlier after a European Central Bank (ECB) survey showed euro zone consumers had lowered their inflation expectations. Australia's central bank hiked rates by a quarter-point to 4.1% - an 11-year high - and warned that further increases might be required to ensure inflation is brought back under control.

Persons: Brendan McDermid, James Rossiter, Bitcoin, Nansen, Brent, Nell Mackenzie, Marc Jones, Dhara Ranasinghe, Mark Potter Organizations: New York Stock Exchange, REUTERS, Fed, ECB, SEC, Dow Jones, Nasdaq, Federal Reserve, Bank of America Securities, Treasury, European Central Bank, Canada, Securities Senior Global, U.S . Federal Reserve, Bank of, Aussie, Reserve Bank of, U.S . Securities, Exchange Commission, U.S, Thomson Locations: New York City, U.S, Asia, Pacific, Japan, Government, Australia's, Bank of Japan, Reserve Bank of Australia, Binance, Saudi Arabia

Search resuls for: "Koh"

25 mentions found