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NBC News has reported that the Trump administration plans to end Biden's programs, possibly making those who have not yet received asylum eligible for deportation. Since then, Nicaragua has become a popular hub for migrants from Latin America and Africa trying to reach the U.S. Mexican Economy Minister Marcelo Ebrard recently suggested that his government could retaliate with its own tariffs on U.S. imports if the Trump administration imposes tariffs on Mexican exports. VenezuelaDuring Trump’s first term, Venezuela was at the forefront of his Latin America policy. “You have to address Cuba’s impact on migration across the region,” said Trujillo, who is Cuban American.

Persons: Donald Trump, ” Carlos Trujillo, Biden, ”, Trujillo, “, Trump, Trump’s, Andrés Manuel López Obrador, Claudia Sheinbaum, López Obrador, Marcelo Ebrard, Nicolás Maduro, Juan Guaidó, Maduro, Cuba Trump, Barack, liberalizing, Sheinbaum, Trump's Organizations: Central American, Organization of American, Trump, Border Patrol, Triangle, “, Asylum, U.S, NBC News, Economy, United, United Nations, European Union, Cuban Communist Party Locations: Mexico, El Salvador, Guatemala, Honduras, U.S, Cuba, Haiti, Nicaragua, Venezuela, Latin America, Africa, Cuban, Cuban American, United States, China, Russia, Beijing, Havana

☆ San Francisco wins order blocking Oakland’s airport from using 'San Francisco' name
▼ + stars: | 2024-11-13 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +2 min

A U.S. judge on Tuesday temporarily blocked the Port of Oakland from using “San Francisco” in the Oakland airport’s name, finding the name change would likely cause consumer confusion and harm the city of San Francisco. U.S. Magistrate Judge Thomas Hixson said in the decision that changing the name of Metropolitan Oakland International Airport in nearby Oakland to “San Francisco Bay Oakland International Airport” would likely mislead consumers into thinking it is connected with San Francisco. San Francisco sued Oakland for infringing its airport’s trademarks in April, arguing the Oakland airport’s similar new name would confuse travelers. Oakland’s airport is 12 miles east of San Francisco and just over 30 miles from San Francisco International Airport, whose airport code is SFO. San Francisco International served 47 million passengers in fiscal year 2023 while Oakland’s airport served more than 11 million, according to city reports.

Persons: Francisco ”, Judge Thomas Hixson, Spokespeople, San Francisco, Hixson, San Francisco ’, ” Hixson, ” Organizations: San Francisco . U.S, Metropolitan Oakland International Airport, “ San Francisco Bay, International, Port, Oakland, San Francisco International Airport, San Francisco International, Dallas Locations: Oakland, Francisco, San Francisco ., “ San Francisco, San Francisco, Port, United States, Oakland’s, Chicago, Dallas, London, Paris, Beijing, San Francisco Bay, U.S, “

☆ What Marco Rubio's nomination as Trump's secretary of state means for China and Taiwan
▼ + stars: | 2024-11-13 | by ( Chris Panella | ) www.businessinsider.com time to read: +5 min

Rubio is a China hawk, has been sanctioned twice by Beijing, and may even be barred from the country. US President-elect Donald Trump has officially announced Sen. Marco Rubio as his secretary of state pick after days of speculation. AdvertisementRubio and Trump, once rivals, appear aligned on issues related to China and Taiwan. AdvertisementRubio's nomination raises questions about US relations with China, Taiwan, and the broader Indo-Pacific region. They have an army of unpaid lobbyists here in Washington," Rubio said during a 2023 Senate speech.

Persons: Trump, Sen, Marco Rubio, Rubio, Donald Trump, he's, President Trump, Washington didn't, John Raoux, He's, Rubio's, haven't, Joe Raedle, " Rubio Organizations: Beijing, The New York Times, Trump, AP, Heritage Foundation, Chinese Communist Party, The Washington Post Locations: China, Taiwan, Florida, America, Washington, Beijing, Hong Kong, Russia, Iran, North Korea, The, The Florida, Taipei

☆ How Trump's Army veteran pick for Pentagon chief, Fox & Friends' Pete Hegseth, sees the world
▼ + stars: | 2024-11-13 | by ( Chris Panella | ) www.businessinsider.com time to read: +8 min

AdvertisementTrump has tapped Pete Hegseth, an Army veteran and Fox News host, to be secretary of defense. US President-elect Donald Trump has tapped Pete Hegseth, a Fox & Friends host and US Army National Guard veteran, to be secretary of defense. Hegseth was considered for Veterans Affairs secretary during Trump's first term and faced pushback from veterans group leaders. All US military combat roles opened to women in 2015. AdvertisementThroughout the war, Hegseth has shifted stances, calling Putin a "war criminal" and criticizing Biden for not getting Ukraine military aid quickly enough.

Persons: Pete Hegseth, Hegseth, Donald Trump, Joe, Trump, Trump's, Brace, Paul Rieckhoff, Adam Smith, Adam Kinzinger, Joe Biden's, Shawn Ryan, he'll, Abreanna Goodrich, we've, Shawn Ryan Show, Genya SAVILOV, AFP Hegseth, He's, Vladimir Putin's, Putin, Biden, Israel Trump's, Doug Mills, Benjamin Netanyahu, Israel wasn't, he's, Xiang Organizations: Trump, Army, Fox News, Defense Department, NATO, Fox & Friends, US Army National Guard, Israel, Wall Street, Veterans Affairs, SecDef, Independent Veterans of, Fox, Department of Defense, House Armed Services, Air National Guard, Republican, US National Guard, Pentagon, US Army, Spc, AFP, Kyiv, Warriors, Israeli, Getty, US Locations: Ukraine, America, Independent Veterans of America, Iraq, Afghanistan, Jerusalem, Russia, Soviet Union, Israel, Gaza, Iran, Washington, China, Xinhua, Asia, Pacific, Taiwan

☆ APEC/G20: World leaders heading to major summits are wary of Trump. China’s Xi sees an opportunity
▼ + stars: | 2024-11-13 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +8 min

China, perhaps more than most countries, will be bracing for fractious relations ahead with the United States. “It makes sense for Chinese officials to use these big events to try and shape some of the international narratives right now,” said Li Mingjiang, an associate professor of international relations at Singapore’s Nanyang Technological University. “Since there’s not much time before January 2025.”Cargo containers and cranes at Yantian port in southern China's Shenzhen earlier this year. The Chinese leader warned that the two countries “will both benefit from cooperation and lose from confrontation,” according to China’s Foreign Ministry. “Beijing does worry about Trump’s wrath and what he could do to damage China’s interest on a bilateral level,” she said.

Persons: Donald Trump’s, Xi Jinping, Trump, Joe Biden, Xi, Biden, Shigeru Ishiba, Anthony Albanese, Narendra Modi, ”, Li Mingjiang, there’s, Jade Gao, Mike Waltz, Marco Rubio, He’s, –, Liu Dongshu, Modi, Li Qiang, Leon Neal, ’ ”, Yun Sun, Vladimir Putin, Liu Organizations: Hong Kong CNN, APEC, Japanese, Australian, Indian, Singapore’s Nanyang Technological University, “, ”, Getty, Trump, CNN, Foreign Ministry, NATO, US, City University of Hong, Stimson, World Health Organization, Initiative Locations: China, Hong Kong, South America, Europe, East, United States, Beijing, Asia, Pacific, Peru, Brazil, American, China's Shenzhen, AFP, Lima . Beijing, Russia, City University of Hong Kong, Japan, South Korea, Indonesia, Lima, Rio de Janeiro, Washington, South, Taiwan, Ukraine, Paris, America, –, Sun, “ Beijing

☆ Trump's first term avoided a fight in the South China Sea. It's only getting harder.
▼ + stars: | 2024-11-13 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +4 min

AdvertisementIn his first term, Donald Trump ramped up military actions to counter China in the South China Sea. South China Sea observers expect continuity with the Biden administration, which tried to ramp up diplomatic efforts and strengthen US alliances and security partnerships. Chinese Coast Guard holding knives and machetes as they approach Philippine troops in the disputed South China Sea on June 17, 2024. AdvertisementThough Trump hasn't outlined a specific South China Sea plan, he could pursue his broader foreign policy mantra of "peace through strength." "Unrestrained US militarization is precisely what drives Beijing's insecurity and will continue to exacerbate tensions in the South China Sea," Marston said.

Persons: Donald Trump ramped, Donald Trump, Trump, Hunter Marston, Trump hasn't, Biden, Gregory Poling, Joe Biden, Marston, Sari Arho Havrén, Chip Somodevilla, Zeno Leoni, Leoni Organizations: Australian National University, China, Southeast Asia, Center for Strategic, International Studies, Trump, Coast Guard, Armed Forces, AP, CBS, Royal United Services, Ukraine, King's College London's Defense Studies Department, Rand Corporation, Biden's National Security Locations: China, South China, Philippines, Asia, Pacific, Philippine, Europe, South Korea, Palm Beach, South, East Asia

☆ Tencent posts better-than-expected 47% profit surge as games, AI tools shine
▼ + stars: | 2024-11-13 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +2 min

Chinese tech company Tencent is a gaming giant and the parent company of WeChat, the ubiquitous social messaging app in China. Cheng Xin | Getty Images News | Getty ImagesChinese social media and gaming company Tencent on Wednesday reported better-than-expected profit in the third quarter ended Sept. 30, spurred by growth in games, advertising and cloud services. Tencent reported profit attributable to shareholders surged by 47% year-on-year to 53.23 billion yuan ($7.37 billion) in the third quarter, compared with an LSEG estimate of 46.18 billion yuan for the period. The company's revenue rose by an annual 8% to 167.19 billion yuan, short of the 167.82 billion yuan analyst forecast. Marketing services revenue, previously called online advertising, surged by an annual 17% to 29.99 billion yuan, making it one of the fastest-growing categories outside gaming.

Persons: Cheng Xin, Tencent Organizations: Getty, Management, Gaming, Global Locations: WeChat, China, Weixin

HONG KONG — Hong Kong’s top leader on Tuesday warned President-elect Donald Trump not to interfere in the Chinese territory’s internal affairs after he said he would “100%” free the imprisoned pro-democracy activist and tycoon Jimmy Lai. He said Hong Kong, whose government denies that judicial independence is under threat, also valued the rule of law. “In these respects, I hope that all countries will respect the Hong Kong Special Administrative Region and avoid political interference that could affect the judiciary and normal commercial activities in Hong Kong,” he said. Hong Kong also enacted its own national security legislation in March. Pro-democracy activist Jimmy Lai being escorted out of court in Hong Kong in 2021.

Persons: Hong Kong’s, Donald Trump, Jimmy Lai, Lai, Hong, Trump, Hugh Hewitt, I’ll, Lee, ”, “, Hong Kong, . Lai, John Burns, ” Burns, ” Lai, Burns, Sen, Marco Rubio, ” Lee Organizations: Apple, Hong, Administrative, AFP, Getty, University of Hong, NBC News, “, Trump, Republican, Fraser Institute Locations: HONG KONG, Hong, China, Hong Kong, United States, U.S, Beijing, British, ., University of Hong Kong, ” Hong Kong, Washington , New York, San Francisco, Vancouver, Singapore

☆ Chinese military displays upgraded Z-20 helicopter at Zhuhai air show
▼ + stars: | 2024-11-12 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +4 min

The Pentagon’s latest public report on China’s military modernization, released in October 2023, noted a naval version of the Z-20 was under development. The exhibition showcases the latest in Chinese military aviation, some seen for the first time in public. He said he expected the Z-20 to soon become the standard naval and anti-submarine helicopter, given its ability to land on ships ranging from corvettes and destroyers to aircraft carriers. Tuesday’s display followed state media reports in May that the Z-20 now had an assault capability and that anti-submarine versions were being developed. In its latest annual assessment of international military deployments, the London-based International Institute for Strategic Studies notes that China has fielded 15 Z-20 helicopters for search and rescue work.

Persons: Hector Retamal, Navy’s, Collin Koh, ”, Koh, Lockheed Martin, “ Organizations: U.S . UH, Pentagon, People’s Liberation Army, Getty, PLAN, Rajaratnam, of International Studies, Professional Journal, U.S, Sikorsky Aircraft, Lockheed, Institute for Strategic Studies Locations: HONG KONG, Zhuhai, China, AFP, Singapore, Beijing, Taiwan, London

☆ Singles’ Day shopping festival loses its shine under China’s lagging economy
▼ + stars: | 2024-11-12 | by ( Associated Press | ) www.nbcnews.com time to read: +4 min

HONG KONG — Businesses and consumers in China found the annual Singles’ Day shopping festival less attractive this year due to a sluggish economy, forcing e-commerce firms to look abroad for growth. While Singles’ Day was previously a one-day event, shopping platforms in China now kickstart the festival weeks ahead to drum up sales volume. But amid China’s lagging domestic economy, dragged down by a real estate crisis and deflationary pressures, consumers no longer go all out during the shopping extravaganza. Wang said that the prices offered on e-commerce platforms during Singles’ Day are not necessarily cheaper than usual. “I used to buy a lot two or three years ago and I even purchased a mobile phone (during Singles’ Day),” he said.

Persons: Alibaba, ”, —, “, Wang Haihua, Wang, we’ve, Zhang Jiewei, ” Zhang, Shaun Rein, ” Rein, Gucci, Jacob Cooke, ” Cooke Organizations: HONG KONG —, China Market Research Group Locations: HONG KONG, China, Singapore, Hong Kong, Beijing, Xi’an, Shanghai, “

☆ China just showed off its answer to America's F-35 stealth fighter — the new J-35A
▼ + stars: | 2024-11-12 | by ( Chris Panella | ) www.businessinsider.com time to read: +6 min

China showed off its new stealth aircraft, including the fifth-gen J-35A. AdvertisementChina just debuted its newest fifth-generation stealth aircraft, which appears to be its answer to the American F-35. Related storiesFor stealth fighters, the US has the F-22 Raptor and F-35, and the latter is used by allies around the world. Among stealth aircraft, there are also stealth bombers like the American B-2 Spirit and B-21 Raider and a number of stealth drones. Stealth aircraft have features to reduce or obscure their signature on radars, making them difficult to detect.

Persons: —, Lockheed Martin, Wang Yongqing, Wang, Maj, Gina Sabric, Roger Wicker, Eric Schmitt Organizations: Service, China International Aviation, Aerospace, People's Liberation Army News Communication, Shenyang Aircraft Design, Aviation Industry Corporation of China's Shenyang Aircraft Corporation, Pentagon, Air Force, Air and Space Forces Association's Air, Cyber Conference, 10th Air Force, Getty, US, US Air Force, Stealth, Taiwan Locations: China, Zhuhai, Russia, Pacific, Taiwan

☆ More China stimulus expected, but growth will miss target this year: Morningstar
▼ + stars: | 2024-11-12 | 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 EmailMore China stimulus expected, but growth will miss target this year: MorningstarLorraine Tan of Morningstar says China growth will come in between 4% to 5% this year, missing Beijing's target, although she expects more support measures being rolled out in the next few months.

Persons: Morningstar Lorraine Tan, Morningstar Locations: China

☆ How Trump could exploit a looming global struggle for rare-earth minerals
▼ + stars: | 2024-11-12 | by ( Tom Porter | ) www.businessinsider.com time to read: +7 min

The power grab over rare-earth minerals in Central Asia could be among the issues he will seek to exploit. AdvertisementA power struggle over rare-earth mineralsAt stake for the US in Central Asia is not just political power but access to the region's reserves of rare-earth minerals such as uranium, lithium, and tantalum. Rare-earth minerals are needed to make all sorts of products, from F-35 stealth fighters and smartphones to internet fiber-optic cables and MRI machines. It produces around 60% of the world's rare-earth minerals and processes nearly 90%, according to the Center for Strategic and International Studies. "There are rare-earth minerals worth exploring/exploiting, and if the US/EU could strike a major deal with [Kazakhstan's capital] Astana, this would certainly contribute to breaking China's monopoly," said Wolff.

Persons: Donald Trump, —, Vladimir Putin, Xi Jinping, Xi, Putin, he'd, Wilder Alejandro Sánchez, ALEXANDER RYUMIN, Emmanuel Macron, Olaf Scholz, John Herbst, Stefan Wolff, Wolff, Herbst, Trump Organizations: Service, Putin, The Republican, Biden, Getty Images, Center for Strategic, International Studies, University of Birmingham, BI, Trump, EU, Astana, Central Asia Summit, Getty Images Central, Central, China Locations: Russia, China, Central Asia, Mongolia, Saudi, Getty Images China, Kazakhstan, Uzbekistan, Xian, Shaanxi, FLORENCE, Ukraine, Soviet Union, Washington, Moscow, Beijing

Now, Jannik Sinner and Carlos Alcaraz are fast becoming household names and the next generation-defining rivalry. However, Sinner and Alcaraz – ranked No. Due to their rapid success, it is easy to forget that Sinner is only 23 and Alcaraz just 21. Sinner hits a shot in the semifinals of the US Open, a tournament he went on to win. Time will tell if Sinner can put that ice-cold instinct to good use at the ATP Finals and win the tournament for the first time.

Persons: Ivan Lendl, John McEnroe, Jimmy Connors, Andre Agassi, Pete Sampras dueled, Roger Federer, Rafael Nadal, Novak Djokovic, Carlos Alcaraz, Federer, Alcaraz –, Roland Garros, Alcaraz, Italy –, Nadal, ” Alcaraz, ”, Andy, Murray, Sinner, Frey, JC Ferrero, Juan Carlos Ferrero, “, ‘ Oh, he’s, Sean M, it’s, Angela Weiss, Manchester City’s Erling Haaland, Kylian, Alex de Minaur, Taylor Fritz, Casper Ruud, Andrey Rublev Organizations: CNN, tennis, Australian, Wimbledon, ATP, CNN Sport, ATP Tour, JC, JC Ferrero Challenger, Getty, AC Milan, Manchester Locations: Turin, Italy, Flushing Meadows, China, Beijing, Shanghai, Real Madrid

☆ China's Alibaba releases AI search tool for small businesses in Europe and the Americas
▼ + stars: | 2024-11-12 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +1 min

Alibaba International promotes its e-commerce platform for small businesses at the Canton Fair in Guangdong, China, on Oct. 16, 2024. BEIJING — Chinese e-commerce giant Alibaba on Tuesday unveiled an artificial intelligence-powered search engine for small businesses in Europe and the Americas to source supplies. Initial tests showed businesses' purchase intent using the new tool increased by 40% versus traditional search engines, according to Kuo Zhang, president of Alibaba.com and vice president of Alibaba International. The initial version is web-based and supports English, German, French, Portuguese and Spanish, according to the company. At the end of the search, the tool lists a number of procurement options for the business to discuss directly with each supplier.

Persons: Kuo Zhang, Alibaba.com, Harry Potter Organizations: Alibaba, Fair, Alibaba International, CNBC Locations: Guangdong, China, BEIJING, Europe, Americas

☆ China's state-owned tobacco behemoth is booming, defying global trends and anti-smoking efforts
▼ + stars: | 2024-11-12 | by ( Dylan Butts | ) www.cnbc.com time to read: +4 min

These trends — fueled by China Tobacco — come against the backdrop of a long-term decline in cigarette sales globally. While Beijing has made commitments to curb smoking prevalence, it hasn't appeared to have materially impacted tobacco sales. In the case of China Tobacco, industry and government policy directly overlap. "China Tobacco has been exploiting this insider status and wielding its influence within the government to effectively block the adoption of tobacco control policies," he added. China Tobacco and its Hong Kong-based subsidiary China Tobacco International (HK) did not respond to an inquiry from CNBC.

Persons: Euromonitor, hasn't, Philip Morris, Gan Quan, Quan, STMA, Judith Mackay Organizations: Getty, China National Tobacco Corporation, China Tobacco, Retail, World Health Organization, State Tobacco Monopoly Administration, Philip Morris International, World, Tobacco Control, CNBC, Vital, Tobacco, Bath University, Asian Consultancy, China Tobacco International, HK, Global Locations: Shanghai, China, Euromonitor, Beijing, Hong Kong

☆ Driver detained after car plows into people exercising in Chinese city
▼ + stars: | 2024-11-12 | by ( Nectar Gan | ) edition.cnn.com time to read: +2 min

Hong Kong CNN —Police in southern China have detained the driver of a car that plowed into people exercising in the grounds of an outdoor sports center on Monday evening, leaving scores injured. A car “hit multiple pedestrians and then fled the scene” at the Zhuhai Sports Center in the southern city of Zhuhai at around 8 p.m. Monday, police said in a statement. The driver, a 62-year-old man, is in police custody, the statement said, adding that investigations are underway. The Zhuhai Sports Center features an outdoor track and field and is frequented by local residents for daily exercises. But it has faced a spate of attacks targeting random members of the public, including school children, in recent months.

Persons: geolocated, Caixin, Liu Organizations: Hong Kong CNN — Police, Zhuhai Sports Center, CNN, Social Media Locations: Hong Kong, China, Zhuhai, Beijing, Shanghai, Tai’an, Shandong province

Elon Musk embraces Donald Trump during a campaign rally in Butler, Pennsylvania on Oct. 5, 2024. Kissinger was deeply respected in China and continued to meet with its leaders as an unofficial diplomat in efforts to promote warmer relations between the two countries. Just months before Kissinger died in November 2023, he met with Chinese President Xi Jinping in Beijing in July 2023. They may not reach the same impact as Kissinger, given the more complex period, he said, though they could help stabilize relations. Cook and Schwarzman also regularly visit leaders in China, where they are often highlighted by Beijing as examples of positive China-U.S. business and trade relations.

Persons: Elon Musk, Donald Trump, Anna Moneymaker, Elon, Kissinger, Scott Kennedy, Henry Kissinger, Xi Jinping, Tesla, Li Qiang, Wang Yiwei, Wang, Musk's, Musk, Joe Biden, Biden, Trump, Wang Huiyao, Tim Cook, Blackstone, Stephen Schwarzman, Cook, Schwarzman, Dewardric Organizations: Getty, White, Economics, Center for Strategic, International Studies, U.S, SpaceX, Renmin University, CNBC, Trump, Center for, Longview Global Locations: Butler , Pennsylvania, Beijing, China, Washington, imploding, U.S, Center for China, Dewardric McNeal

☆ China's biggest shopping event of the year exceeds low expectations
▼ + stars: | 2024-11-12 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +1 min

BEIJING — China's Singles' Day shopping festival saw consumers spend more than expected in what has otherwise been a tepid retail environment, consulting executives told CNBC. "I do think for many brands it probably will have turned out a bit better than they thought, but on a low level. Probably nobody would say we hit it out of the ballpark," said Chris Reitermann, CEO of Ogilvy APAC and Greater China. Many multinational corporations that sell consumer products in China are more cautious on the market, if not struggling, Reitermann said. But he pointed out many of the companies are still "very profitable" in the country, even if their growth has slowed to the low single digits, instead of high double digits.

Persons: Major, Chris Reitermann, Ogilvy APAC, Reitermann, Alibaba, JD.com Organizations: BEIJING, CNBC, WPP China Locations: Greater China, China, GMV

☆ Indonesia’s new leader posted video of his congratulatory call with Trump. Both lavished each other with praise
▼ + stars: | 2024-11-12 | by ( Helen Regan | ) edition.cnn.com time to read: +4 min

CNN —Indonesia’s new President Prabowo Subianto posted a video of his phone call congratulating Donald Trump on his reelection, during which the former special forces commander referenced his American “training” and called the US-president elect “sir” multiple times. Prabowo, who is in Washington for an official visit, posted the almost three-minute phone conversation on his official social media channels Monday and said he would like to “call personally” on Trump. “Wherever you are I’m willing to fly to congratulate you personally, sir,” Prabowo said in the video. It’s not easy,” Trump told Prabowo. “The most important objective of democracy is giving people the leaders and representatives they want,” Prabowo told reporters from his swimming pool.

Persons: CNN —, Prabowo Subianto, Donald Trump, “, Prabowo, ” Prabowo, Trump, Joe Biden, scrutinizing, ”, ” Trump, Xi Jinping, Keir Starmer, Joko, Suharto Organizations: CNN, Trump, White, he’s, Soviet, Reuters, Pacific Cooperation, British, News Agency Locations: Washington, Indonesia, United States, Indonesian, Washington , DC, Asia, Beijing, China, Peru, Brazil, Jakarta, Prabowo, London

☆ TikTok and its owner ramped up their hiring from China, even as Congress raised national security concerns
▼ + stars: | 2024-11-12 | by ( Dan Whateley | ) www.businessinsider.com time to read: +6 min

669 of the 1,089 approved US H-1B hires for TikTok and ByteDance in that fiscal year were from China. The hiring occurred as US officials raised concerns about TikTok's ties to China. Only 12% of all approved fiscal year 2023 H-1B applications were for Chinese nationals, compared to 61% of TikTok and ByteDance's approved applications. AdvertisementEven as TikTok has taken steps to downplay its association with China, its owner, ByteDance, continues to operate in the US. The company has also used TikTok's Chinese sister app, Douyin, as a testing ground for features that ultimately end up on TikTok.

Persons: —, ByteDance, US Sen, Tom Cotton, Cotton, Alejandro Mayorkas, ByteDance's, China TikTok, TikTok, Trump Organizations: TikTok, Service, Companies, Citizenship, Immigration Services, Business, US Data Security, Chinese Communist Party, US, Homeland, India, National Intelligence Locations: China, Beijing, ByteDance, California, Taiwan, Canada, Vietnam

☆ Indonesia’s new leader calls for collaboration with China before heading to the U.S.
▼ + stars: | 2024-11-11 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Ap-Live-Blog-Byline-Image.Png | The Associated Press | ) www.nbcnews.com time to read: +2 min

Subianto wrapped up the first stop of his first overseas trip since taking office three weeks ago. He is headed next to Washington — where the U.S. government is confronting China’s rise — and then to Peru and Brazil for the Asia-Pacific Economic Cooperation and Group of 20 summits. They agreed to hold a first-ever joint meeting of their foreign and defense ministers in 2025, a joint statement said. China also helped build Indonesia’s first high-speed railway, an 88-mile route between Jakarta and Bandung that opened last year. But a flood of low-priced Chinese products has hit Indonesia’s garment makers hard, closing factories and prompting calls for import tariffs.

Persons: Prabowo Subianto, ”, Subianto, Washington —, Xi Jinping, ” Subianto, “ Organizations: BEIJING, Economic Cooperation, Group Locations: China, Washington, Peru, Brazil, Asia, “ Indonesia, Indonesia, South China, Beijing, Indonesian, Jakarta, Bandung

☆ Trump likely to pick Marco Rubio to serve as his secretary of state, sources say
▼ + stars: | 2024-11-11 | by ( Kaitlan Collins | Kristen Holmes | ) edition.cnn.com time to read: +2 min

CNN —President-elect Donald Trump is likely to pick Florida Sen. Marco Rubio as his secretary of state, two people familiar with his thinking told CNN, as he rounds out his national security team in a second term. Given his deep foreign policy experience and that he sits on both the Senate Intelligence Committee and the Foreign Relations Committee, the State Department seemed like a good fit for Rubio. The Florida senator, a China hawk and finalist for Trump’s VP, was a constant on the campaign trail during Trump’s third presidential run. In 2016, Rubio and Trump’s relationship seemed it may be beyond repair when in the closing days of his campaign, Rubio publicly attacked Trump, saying he wasn’t going to “make America great. But since, Rubio and Trump’s relationship has not only thawed, it has strengthened.

Persons: Donald Trump, Florida Sen, Marco Rubio, Trump, Rubio, Ric Grenell, Grenell, Susie Wiles, Trump’s, He’s, ”, Jack Forrest, Lauren Fox, Steve Contorno Organizations: CNN, Florida, New York Times, Trump’s Cabinet, Senate Intelligence, Foreign Relations, State Department, Republican, Senate Intelligence Committee, Republican Party Locations: Florida, Germany, China, Washington, TikTok

☆ Oil slips as U.S. storm threat eases, China stimulus disappoints
▼ + stars: | 2024-11-11 | by ( ) www.cnbc.com time to read: +2 min

Oil prices extended declines on Monday as the threat of a supply disruption from a U.S. storm eased and after China's stimulus plan disappointed investors seeking fuel demand growth in the world's No. Oil consumption in China, the world's driver of global demand growth for years, has barely grown in 2024 as its economic growth has slowed, gasoline use has declined with the rapid growth of electric vehicles and liquefied natural gas has replaced diesel as a truck fuel. Oil prices have also eased after concerns about supply disruption from storm Rafael in the U.S. Gulf of Mexico subsided. More than a quarter of U.S. Gulf of Mexico oil and 16% of natural gas output remained offline on Sunday, according to the offshore energy regulator. Looking ahead, uncertainty from policies under U.S. President-elect Donald Trump have clouded the global economic outlook although expectations that he could tighten sanctions on OPEC producers Iran and Venezuela and cut oil supply to global markets partly caused oil prices to gain more than 1% last week.

Persons: Tony Sycamore, Rafael, Donald Trump, refiners Organizations: Brent, West Texas, National People's Congress, ANZ, Central Economic Work Conference, U.S Locations: U.S, China, U.S . Gulf, Mexico, Iran, Venezuela

☆ Gold extends decline; investors await U.S. data, Fed comments
▼ + stars: | 2024-11-11 | by ( ) www.cnbc.com time to read: +2 min

Gold prices fell for a second straight session on Monday, while investors prepared for U.S. economic data and comments from Federal Reserve officials this week for more clarity on the future direction of U.S. interest rates. Gold prices fell for a second straight session on Monday, while investors prepared for U.S. economic data and comments from Federal Reserve officials this week for more clarity on the future direction of U.S. interest rates. "We may expect the Fed to be more cautious in its easing process ahead, which could cap gold prices," Yeap said. Several Federal Reserve officials, including Chair Jerome Powell, are scheduled to speak this week. Additionally, U.S. consumer and producer price index data, weekly jobless claims and retail sales figures are due this week.

Persons: Yeap Jun Rong, Donald Trump's, Yeap, Bullion, Jerome Powell Organizations: Federal Reserve, Traders Locations: Beijing

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