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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPlenty of logic for the Fed to 'front-load' rate cuts with 50 basis points, says BMO's Yung-Yu MaYung-Yu Ma, CIO of BMO Capital, joins CNBC's 'Money Movers' to discuss his expectations for the Fed, the health of retail sales, and more.
Persons: BMO's Yung, Yu Ma Yung, Yu Ma Organizations: Fed, BMO Capital
The next highest level was found in cinnamon powder from EGN (2.91 ppm), followed by Mimi’s Products ground cinnamon (2.03 ppm), ShopRite Bowl & Basket ground cinnamon (1.82 ppm), Rani Brand ground cinnamon (1.39 ppm), Zara Foods cinnamon powder (1.27 ppm), Three Rivers cinnamon stick powder (1.26 ppm), Yu Yee Brand five spice powder (1.25 ppm), BaiLiFeng five spice powder (1.15 ppm), Spicy King five spices powder (1.05 ppm), Badia cinnamon powder (1.03 ppm) and Deep cinnamon powder (1.02 ppm). told CNN via email that the company’s ground cinnamon products comply with all federal and international law. These include ground cinnamon and organic ground cinnamon sold by 365 Whole Foods Market, which contained 0.12 ppm and 0.02 ppm of lead, respectively. Morton & Bassett San Francisco 100% organic ground cinnamon, Loisa organic cinnamon and Sadaf cinnamon powder tested at 0.04 ppm of lead. The latest, published in August, listed 10 different cinnamon products with levels as high as 3.93 ppm of lead.
Persons: Paras, Rani, Yu Yee, EGN, Mimi’s, Nuria Lambert, Karen O’Shea, Alina Lasta, ” Guitar, Bassett, James Rogers, ” Rogers, Rogers, , Dr.Pieter Cohen, Cohen, we’re, ” Cohen, Courtney Rhodes, Rhodes Organizations: CNN, Consumer Reports, Mimi’s, ShopRite, Consumer, Mimi’s Products, Wakefern Food Corp, Badia Spices, FDA, American Spice Trade Association, World Health Organization, Food and Agriculture Organization, United, New York State Department of Health, US Environmental Protection Agency, WHO, Morton, Bassett San, WanaBana, Weis, Food and Drug Administration, Cambridge Health Alliance, Biden, Food Locations: Zara, Badia, United Nations, New York, Connecticut , New Jersey, Bassett San Francisco, Ecuador, Schnucks, Somerville , Massachusetts
Deutsche Bank resumed coverage of the U.S. auto industry and named Tesla a top pick in the process. Analyst Edison Yu reinstated Tesla with a buy rating and price target of $295, which indicates 36% upside from Monday's close. "Tesla is in a league of its own and represents our highest conviction secular leader," Yu wrote in a research note on Monday. "Long-term, Tesla is an emerging leader in autonomous driving (robotaxi) and humanoid robots (Optimus) ... which represent some of the most clear and lucrative applications of end-to-end AI." Back in June, CEO Elon Musk claimed Optimus robots could make Tesla a $25 trillion company one day.
Persons: Tesla, Edison Yu, Yu, ", Elon Musk Organizations: Deutsche Bank, U.S Locations: Europe, China
Deutsche Bank resumed coverage of Tesla with a buy rating, calling it a top pick. He also notched his price target $4 higher to $80, implying shares could gain 16.6% from Monday's close. Along with the new iPhone 16 line, the company unveiled Apple Intelligence for beta rollout next month, or new artificial intelligence capabilities for the iPhone. The iPhone 16 and 16 Plus are available for pre-order starting Friday. "At the core, we do not see Tesla as an automaker but rather a technology platform attempting to reshape multiple industries, deserving of a unique type of valuation framework," the analyst wrote.
Persons: Andrew Obin, Obin, — Hakyung Kim, David Vogt, Vogt, Morgan Stanley, Erik Woodring, Woodring, Goldman Sachs, Michael Ng, Ng, Bernstein, Douglas Harned, Harned, Daniela Nedialkova, Hakyung Kim, Tesla, Edison Yu, Yu, Fred Imbert Organizations: CNBC, Deutsche Bank, Atlantic, Costco, Bank of America, Johnson, Wall Street, Apple Intelligence, UBS, Apple, GE Aerospace GE Aerospace, GE Aerospace, GE Locations: Monday's
Richard Yu, a Huawei executive director overseeing consumer products, reveals the price for the company's trifold Mate XT smartphone on Tuesday, Sept. 10, 2024. BEIJING — Chinese smartphone company Huawei said Tuesday its trifold smartphone will start at the equivalent of more than $2,800. That's the same day Apple's new iPhone 16 series is due to launch in stores, including in China. On Monday stateside, Apple announced its iPhone 16 Pro Max will start at $1,199, and the iPhone 16 at $799. iPhone 16 users as well as those of the iPhone 15 Pro and Pro Max can use the new functions.
Persons: Richard Yu, Max, XT Organizations: Huawei, Apple, Apple Intelligence Locations: BEIJING, China
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
Algerian boxer Imane Khelif's sex became the subject of intense scrutiny at the 2024 Paris Olympics. Algerian boxer Imane Khelif's sex was the subject of intense scrutiny throughout the Games. Richard Pelham/Stringer/Getty ImagesAlgerian boxer Imane Khelif faced scrutiny throughout the Olympics due to the spread of misinformation about her sex. However, International Olympic Committee spokesman Mark Adams repeatedly defended Khalif and Yu-ting against the unspecified tests and the scrutiny facing the athletes. Khelif and Yu-ting went on to win gold medals in their respective weight classes.
Persons: Imane, Richard Pelham, Stringer, Imane Khelif, Italy's Angela Carini, Khelif, , Lin Yu, Mark Adams, Khalif, Adams Organizations: Getty, Khelif, International Boxing Association, IBA, Associated Press, Olympic, AP
Turenscape/Courtesy The Cultural Landscape FoundationYu’s proposal is this: Create areas with porous earth where local plants can thrive with little or no maintenance. But whether this latest flooding crisis demonstrates the limitations of China’s sponge cities, or supports the case to expand them, is a matter of debate. Turenscape/Courtesy The Cultural Landscape FoundationTurenscape planted 5,600 seedlings of 360 local species, including rare trees indigenous to Thailand’s central river basin. Turenscape/Courtesy The Cultural Landscape FoundationThis may be another reason Yu’s services have been sought outside China. Last year, The Cultural Landscape Foundation awarded Yu the $100,000 Oberlander Prize in recognition of his pioneering work.
Persons: Kongjian Yu, Yu, ” Yu, Turenscape, Xi Jinping, Faith Chan, , Chan, Elizabeth Mossop, ” Mossop, Organizations: CNN, redwoods, UK’s University of Leeds, Research, Global Times, University of Nottingham, Thai, Arsomsilp, Environmental, Landscape Foundation, University of Technology Sydney’s School of Design Locations: Nanchang, China's Jiangxi, China, Qinghuandao, China's Hebei province, Wuhan, Hainan, Sanya, China's, Guangdong, Turenscape, University of Nottingham Ningbo China, , Bangkok
Sarah Stier / Getty Images filePerhaps most impressive is the sheer number of medals won by U.S. women. The country in fourth place, with the closest number of medals to the American women, is Great Britain, with 65 medals. Sixty-seven medals is a record for U.S. women and a record for any country’s women in general, beating the U.S. total of 66 in Tokyo. Biles and Suni Lee went 1-2 on the all-around and became the first two all-around women gold medalists to go head-to-head in an all-around final. The women’s U.S. basketball team won its eighth Olympic gold in a row, earning a shoutout from former President Barack Obama on X.
Persons: Katie Ledecky, Sarah Stier, Jordan Chiles, Simone Biles, Suni Lee, Jamie Squire, Chiles, Lauren Scruggs, Amita Berthier, Al Bello, , Biles, Rebeca Andrade, Amit Elor, Barack Obama, Imane, Ulrik Pedersen, Imane Khelif, Lin Yu, Angela Carini, Khelif, Carini, Lin, Organizations: U.S, USA’s, IOC, United States ’, Games, Olympic Games, Boxing Association, Olympic Locations: Paris, Romania, China, Great Britain, Tokyo, Singapore, United, Algeria, Algerian, Taipei, Russian, New Delhi
PARIS — Olympic boxing champion Imane Khelif has filed a legal complaint in France for online harassment after a rain of criticism and false claims about her sex during the Paris Olympics, her lawyer said Sunday. The complaint was filed Friday with a special unit in the Paris prosecutor’s office for combating online hate speech, alleging “aggravated cyber-harassment” targeting Khelif, lawyer Nabil Boudi said. In a statement, he described it as a “misogynist, racist and sexist campaign” against the boxer. As is common in French law, the complaint doesn’t name an alleged perpetrator but leaves it to investigators to determine who could be at fault. False claims that Khelif was transgender or a man erupted online, and the International Olympic Committee defended her and denounced those peddling misinformation.
Persons: Imane Khelif, Khelif, , Nabil Boudi, Angela Carini, Kirsty Burrows, Burrows, Lin Yu, Lin Organizations: PARIS, Paris Olympics, International Olympic, National Unit, Boxing, IOC, Paris Games Locations: France, Algeria, Paris, Taiwan
PARIS — Lin Yu-ting captured featherweight gold on Saturday, defeating Poland’s Julia Szeremeta and shaking off more than a week of specious allegations that she shouldn’t be fighting in the women’s division. The gold medalist is listed at 5-foot-9 and her Polish opponent at 5-foot-5, but the disparity appeared to be greater in real life, with Lin punching downhill and rarely being threatened. Lin and welterweight gold medalist Imane Khelif of Algeria have both dealt with a firestorm of questions from opponents wrongly questioning their gender since they entered Olympic competition. Questions surrounding their gender stemmed from a decision by the Russian-led International Boxing Association to disqualify them at last year’s Women’s World Boxing Championships in New Delhi. The IBA removed those two fighters from a competition at the time, saying they had tests that questioned their gender eligibility.
Persons: PARIS, Lin Yu, Poland’s Julia Szeremeta, Lin, Imane Khelif, Mark Adams, ​ “ Organizations: Roland, Tokyo, Boxing Association, IBA Locations: Taipei, Algeria, Russian, New Delhi
At Paris 2024, Taiwan’s red and blue flag is banned, as is the name “Taiwan” and its anthem. Security staff confiscated a "Taiwan" towel from a fan during the men's doubles badminton semi-final last week. Taiwan is a self-governing democracy that competes as “Chinese Taipei,” an attempt to participate in the Olympics without angering mainland China. That included the women’s team table tennis quarterfinal between Chinese Taipei and China that NBC News attended Wednesday. “Taiwan Independence, go to die.”“Motherland will retake Taiwan tomorrow, okay?” said another, referring to China.
Persons: Taiwan’s Lee Yang, Wang Chi, Liang Weikeng, Wang Chang, “ Let’s, Arun Sankar, Taiwan ”, Taiwan’s Chou Tien Chen, India’s Lakshya Sen, , Ann Wang, , Xi Jinping, Aytac Unal, Mark Adams, Mao Zedong’s, China’s Wang Manyu, Chien Tung, chuan, Wang Zhao, Chiang, Yu Tsing Lin, Chen Szu, Lee Yang Organizations: PARIS, Security, Getty, Taiwanese Ministry of Foreign Affairs, Olympics, Chinese Foreign Ministry, Games, Olympic, Chinese Communist Party, International Olympic Committee, NBC News, IOC, Anadolu, Nationalist, Mao Zedong’s Communists, Taiwan, Paris Games, Taipei women’s, Weibo, Taipei House Locations: Taiwan, Beijing, Russia, Belarus, Ukraine, Tokyo, Paris, China, Taipei, U.S, Republic of China, Formosa, AFP, London, Taiwan Independence
Paris CNN —For two-time Olympic track and field champion Caster Semenya, Paris 2024’s boxing was unusually poignant. She took light welterweight gold on Friday night, besting her Chinese opponent in a dominant performance. But her Olympics have been marred by allegations over her gender, citing a 2023 decision by a now-discredited boxing regulator to bar her from a women’s tournament. Khelif was, “born female, was registered female, lived her life as a female, boxed as a female, has a female passport,” with IOC spokesperson Mark Adams said. The IOC should be “making sure that all athletes that take part in Olympics are well protected,” Semenya said.
Persons: Semenya, , , Lin Yu, Khelif, Mark Adams, ” Semenya, ” It’s, ” Semenya –, Organizations: Paris CNN —, CNN, Khelif, of Human, Boxing Association, Olympics, IOC, Athletics, World Athletics, IAAF, European, Tokyo Locations: Paris, Olympics
And they were, in this moment of defeat by a team from a political rival, not even allowed the comfort of their homeland’s name and flag. To be an Olympian from Taiwan is to not exist, at least not officially. To placate China, the island competes at the Games under the awkward designation of Chinese Taipei. “I’m only fighting for myself, through my own hard work,” said Taiwan’s Chen Szu-yu, substituting self for state on the Olympic stage. Her teammate Chien Tung-chuan sidestepped the political discussion entirely, refraining from comment on Taiwan’s status at the Olympics.
Persons: , , Taiwan’s Chen Szu, Chien Tung, chuan Organizations: Games, Team China, Olympics Locations: Paris, Taiwan, China, Taipei
PARIS — Algerian Imane Khelif won welterweight gold Friday, dispatching China’s Yang Liu and overcoming a firestorm of questions from opponents wrongly questioning her gender. "Your victory today belongs to Algeria, and your gold is Algeria’s gold. Khelif held up her gold medal for the cameras and said this was a culmination of eight years of work. Khelif and Lin are veteran fighters and well-known in the women’s boxing community. She was the first Algerian boxer to participate in the Olympics and win the most beautiful medal,” the Algerian Olympic Committee wrote on Facebook.
Persons: Imane Khelif, China’s Yang Liu, Khelif, Roland, Abdelmadjid Tebboune, Lin Yu, Ting, Angela Carini, Yang, didn’t, Lin, , Umar Kremlev, Khelif’s, sparred, Dmitry Polyanskiy, Toufik Koudri, , David K, Li, Sam Brock, Rima Abdelkader Organizations: Roland, Garros, Team Algeria, Algerian, Boxing, IBA, IOC, USA, Gazprom, United Nations, Olympics, Algerian Olympic, Facebook Locations: PARIS, Algerian, Algeria, USA, Europe, Chinese Taipei, France, Russian, New Delhi, Bulgarian, Paris, Russia, , Connecticut
CNN —Algerian boxer Imane Khelif defeated Chinese opponent Yang Liu in the 66kg gold medal bout at the Paris Summer Olympics on Friday. With a huge lead on the scorecards, Khelif continued to apply the pressure to Yang in the third and final round. For eight years, this has been my dream and I’m now the Olympic champion and gold medallist,” she said after the fight. The crowd cheered raucously as it was announced that Khelif had won the gold medal on points by unanimous decision. Khelif had been the subject of global attention after defeating Italian boxer Angela Carini in just 46 seconds in a preliminary match.
Persons: Imane Khelif, Yang Liu, Khelif, Yang, , I’m, , “ I’ve, raucously, Angela Carini, Khelif “, Thomas Bach, Lin, ” Bach, Mark Adams, Boxer Lin Yu Organizations: CNN, Paris, Roland, Games, Algerian, Olympic, Olympic Committee, Associated Press, Carini, IOC Locations: Algerian, Algeria, Paris, Taiwan
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s full interview with Fundstrat's Tom Lee, Requisite’s Bryn Talkington and BMO’s Yung-Yu MaFundstrat's Tom Lee, Requisite’s Bryn Talkington and BMO’s Yung-Yu Ma, join 'Closing Bell' to discuss the market sell-off and bounce and the jobless claims numbers.
Persons: Fundstrat's Tom Lee, Requisite’s Bryn, BMO’s Yung, Yu Ma, Tom Lee
Female athletes of color have historically faced disproportionate scrutiny and discrimination when it comes to sex testing and false accusations that they are male or transgender. Since the Tokyo Games in 2021, track’s World Athletics tightened the eligibility rules for female athletes with DSD conditions. Male athletes are not required to regulate their natural levels of testosterone, and female athletes who do not have DSD conditions also can benefit. In this dysfunction, boxing eligibility rules have not kept pace with other sports, and the issues weren’t addressed ahead of the Paris Games. She challenged track and field’s initial testosterone rules passed in 2011 as a reaction to Semenya.
Persons: Lin Yu, Semenya, , ” Semenya, , Mark Adams, Lin, Dutee Chand, Chand Organizations: Paris Olympics, Tokyo Olympics, Paris Games, International Boxing Association, Tokyo Games, Athletics, Cycling Union, FIFA, Sport, Olympic, IOC, IBA, European, of Human Locations: Algeria, Taiwan, Paris, Rio, Janeiro, Switzerland, Russian, India, Lausanne
Chun Shui Tang founder Liu Han-chieh and managing director Angela Liu at one of their company's teahouses in Taichung. Chun Shui Tang's executives appear unperturbed by the many shapes and forms boba tea takes these days — Heinz ketchup boba tea, anyone? AdvertisementIn 2008, Chun Shui Tang introduced a boba tea hot pot with a savory tea-infused broth. Huileng Tan/Business InsiderChun Shui Tang OG shop in Taichung is a tourist hotspotToday, Liu's OG Chun Shui Tang teahouse in Taichung is on many tourists' checklists. Chun Shui Tang founder Liu said he isn't worried about the competition, because the market is big enough for everyone.
Persons: , Chui, Chui Shui Tang, Chun Shui Tang, Liu Han, Liu, It's, Lin Hsiu, Chun, Huileng Tan, Lin, Angela —, doesn't, he's, Tang, He's, boba, Tu, Liu's, Angela, Chun Shui, Angela Liu, Heinz, they've, Liu wasn't, Mark Anthony Villones, Villones, Filippino Mark Anthony Villones, Kayne Sy, China Chun Shui Tang, Jason Yu, Kantar, Aly Song, Yu, it's Organizations: Service, Business, Chun Shui, Starbucks, Purdue University, Chun Shui Tang, Liu's, BI Locations: Chui Shui, Taiwan, Taichung, Japan, Tainan, China, Huileng, , Philippines, Central China, Hong Kong
PARIS — The second boxer at the center of a global debate over gender eligibility and fairness at the Paris Olympics won her semifinal match Wednesday, ascending to the featherweight gold medal bout. Lin and another female Olympic boxer, Imane Khelif of Algeria, continue to face intense scrutiny and false accusations about their gender and eligibility to compete with women. The Bulgarian Olympic Committee later confirmed that Staneva was boasting about having XX chromosomes in an attempt to mock Lin. "The opponent is a respectable one.”Algeria's Imane Khelif reacts after defeating Thailand's Janjaem Suwannapheng in a women's 66-kilogram semifinal boxing match at the Olympics on Tuesday. Some who initially criticized Khelif and Lin apologized as more information about them and the IBA’s legitimacy came to light.
Persons: Lin Yu, Esra Yildiz, Lin, Imane, Kahraman, Svetlana Staneva, Staneva, Turkey's, Peter Byrne, ” Lin, couldn't, Khelif, Thailand's Janjaem, Ariana Cubillos, Thailand’s Janjaem, Umar Kremlev —, Vladimir Putin —, Thomas Bach, ” Bach, Aijaz, , Mark Adams, ​ “, Lin’s, Khelif’s, Kremlev, Imane Khelif, Vadim Ghirda, Elon Musk, Harry Potter ”, J.K, Rowling, Donald Trump, ” Trump, Logan Paul, ” Riley Gaines, Nikki Hiltz, , ” Hiltz, it’s, ” Khelif, Yang Liu of, Julia Szeremeta, Garros, David K, Li, Matt Lavietes, Jiachuan Wu Organizations: PARIS, Paris Olympics, Bulgarian Olympic, Representatives, Turkish Olympic, Press, AP, Tokyo, Boxing Association, Olympic Committee, IOC, IBA, SNTV, USA, Olympics, X, Boston Globe, Roland Locations: Taipei, Turkey, Algeria, Paris, Russian, New Delhi, Russia, Hangzhou, China, Istanbul, , Yang Liu of China, Taiwan, New York
Team USA middle-distance runner Nikki Hiltz secured a spot in the women’s 1500-meter semifinals after finishing third in their qualifying heat at the Paris Olympics on Tuesday. Keep going,” Hiltz wrote, in part, on Instagram. “I will keep men out of women’s sports!” Trump wrote on his social media site, Truth Social, in all caps. “Transphobia is going crazyyyy at these Olympics,” Hiltz wrote in an Instagram story. I could just feel the love and support.”Hiltz will compete in the women’s 1500-meter semifinal on Thursday.
Persons: Nikki Hiltz, , it’s, ” Hiltz, Imane, Lin Yu, Lin, Khelif’s, Angela Carini, Carini, Elon Musk, Harry Potter ”, J.K, Rowling, Donald Trump, ” Trump, Hiltz, transphobia, , Organizations: USA, Paris Olympics, Boxing Association, International Olympic Committee, IOC, IBA, Tokyo Olympics, Games, NBC Sports, Pride, NBC Locations: Instagram, Algeria, Taiwan, Russian, Paris, Italian,
One of the two female boxers at the center of an Olympic gender controversy pleaded with the public to “avoid bullying all athletes” Sunday night. The association alleged that the women failed to pass unspecified gender tests that found they had male chromosomes. The International Boxing Association, whose president is Umar Kremlev of Russia, reportedly an acquaintance of President Vladimir Putin, has had its legitimacy scrutinized in recent years. (In Olympic boxing, there are no third-place matches, so two bronze medals are awarded to the semifinal losers.) Khelif also clinched an Olympic medal Saturday after defeating Hungarian Anna Luca Hamori in a unanimous decision.
Persons: Algeria’s Imane, Lin Yu, ” Khelif, Lin, Khelif, Thomas Bach, SNTV, , ” Lin, Mark Adams, ​ ”, Umar Kremlev, Vladimir Putin, Khelif’s, Elon Musk, Harry Potter, J.K, Rowling, she’s, ” Rowling, Donald Trump, Giorgia Meloni, Sen, Marco Rubio, ” Trump, Nikki Hiltz, ” Hiltz, Bulgarian Svetlana Staneva, Turkey’s, Kahraman, Anna Luca Hamori, Janjaem Suwannapheng Organizations: Olympic Charter, SNTV, Olympic Committee, Paris Olympics, Boxing Association, International Boxing Association, Elon, Bulgarian Locations: Taiwan, Algerian, Tokyo, Russian, Russia, Istanbul, Paris, , Donald Trump , Italian, Thailand
VILLEPINTE, France — Boxer Cindy Ngamba made history on Sunday by becoming the first athlete competing as a refugee to clinch an Olympic medal. The 25-year-old originally from Cameroon offered hope for the Refugee Olympic Team that was created to call attention to the plight of refugees across the world. She will face Atheyna Bylon, who ensured that Panama would get its fourth-ever Olympic medal with her own win shortly after Ngamba’s fight. “It means the world to me to be the first ever refugee to win a medal,” Ngamba told reporters. The Refugee Olympic Team has nearly quadrupled in size since its debut.
Persons: Boxer Cindy Ngamba, Davina Michel, Ngamba, Atheyna Bylon, Ngamba’s, ” Ngamba, , it’s, , Tammara, Michel, swipes, ” U.N, Filippo Grandi, Grandi, Lin Yu, Imane, she’s, Organizations: Refugee Olympic Team, Paris Games, Olympic, North Paris, AP, IOC Locations: VILLEPINTE, France, Cameroon, Panama, Rio de Janeiro, United Kingdom, Canada, North, Paris, Taiwan, Algeria
The news conference had been billed as an effort by international boxing authorities to clear up the reasons they banned two athletes from a women’s competition last year, and a chance to shed crucial light on what has become the biggest controversy at the Paris Olympics. Instead, the gathering started 90 minutes late, then veered into the chaotic almost immediately. And when it ended about two hours later, almost nothing about the controversy had been clarified at all. The head of the International Boxing Association, an organization no longer recognized by the International Olympic Committee to oversee the sport at the Games, had promised answers about why the organization excluded the two boxers, Imane Khelif of Algeria and Lin Yu-ting of Taiwan. Instead, appearing on a giant video screen from a room decorated with religious iconography, the association’s Russian president, Umar Kremlev, delivered wild accusations, personal attacks and employed questionable language when detailing the two women's cases.
Persons: Imane, Lin Yu, Umar Kremlev Organizations: Paris, International Boxing Association, International Olympic Committee, Games Locations: Algeria, Taiwan, Russian
Thousands of unionized workers at Samsung Electronics in South Korea, who had declared an indefinite strike last month, had returned to work by Monday after failing to win concessions from the global tech giant. It was the first unionized action in the decades-long history of Samsung, one of the world’s biggest makers of computer chips. But the striking employees, numbering roughly 6,500 or so, accounted for only a fraction of union membership and a sliver of the company’s total work force. Most of them were back at work by Monday, according to Lee Hyun Kuk, the vice president of the Nationwide Samsung Electronics Union. But the financial burden of a prolonged, unpaid strike on employees forced union leaders to issue a back-to-work order last week.
Persons: Lee Hyun Kuk Organizations: Samsung Electronics, Samsung, Nationwide Samsung Electronics Union Locations: South Korea
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