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☆ 4 things making it harder for Janet Yellen to repair the US-China relationship
▼ + stars: | 2023-07-06 | by ( Laura He | ) edition.cnn.com time to read: +9 min

The global economy stands to gain if Washington and Beijing can mend fences, but analysts say this appears unlikely. Here are four things likely to make it harder for Yellen to repair US-China ties, and one thing keeping the relationship going. Sequoia’s executives said in a statement that it has become “increasingly complex” to run a decentralized global investment business. On Wednesday, US pharmaceutical firm Moderna (MRNA)signed a deal to make its first major investment in China. “Both sides are ramping up commercial restrictions in the name of national security and national interests,” she said.

Persons: Janet Yellen, China, ” Wei Jianguo, ”, Anna Ashton, Biden, Beijing’s, Wei, Capvision, Xi Jinping’s, “, Li Qiang, Xi, Alex Capri, ” Ashton, —, Jennifer Hansler, Wayne Chang, Bryan Mena Organizations: Hong Kong CNN, Eurasia Group, Micron Technology, China Daily, Analysts, China, Capvision, Bain & Company, Group, Forrester Research, Ontario, Republicans, Hawks, Shanghai Cooperation Organization, Xinhua, US Commerce Department, “, National University of Singapore Business School, Moderna Locations: Hong Kong, Beijing, United States, China, Chinese, Washington, Japan, Europe, Shanghai, New York, decouple, Moscow, Ukraine, Russia, Taiwan, Tianjin

☆ LVMH owner Bernard Arnault reportedly visits China after luxury spending rebound
▼ + stars: | 2023-06-28 | by ( Laura He | ) edition.cnn.com time to read: +4 min

LVMH reported its first-quarter sales surged 17% from a year ago, beating analyst expectations, driven by a rebound in China’s luxury market from the downturn it experienced during the pandemic. Luxury goods spending bounced back more quickly than any other sector in the first quarter. Although the economic momentum has lost steam in the past couple of months, growth in luxury goods sales has accelerated. China was one of the world’s largest luxury goods markets before Covid hit. Bain & Co. estimated earlier this year that Chinese consumer spending accounted for around 17% of the global luxury market in 2022.

Persons: Hong Kong CNN — Bernard Arnault, Elon Musk, Morgan, Jamie Dimon, Musk, Caijing, Christian Dior, LVMH didn’t, LVMH, ”, Jean, Jacques Guiony, “, Li Qiang, ” Li Organizations: Hong Kong CNN, LVMH, WF, CNN, Consumers, Bain & Co Locations: Hong Kong, China, Beijing, ” Beijing

☆ China slams the West for 'hyping up' the concept of 'de-risking.' Here's what it means and why China is so worried.
▼ + stars: | 2023-06-27 | by ( Spriha Srivastava | ) www.businessinsider.com time to read: +4 min

The US-China trade war has impacted manufacturing exports, particularly in the semiconductor industry. Opening Plenary with Li Qiang, Premier of the People's Republic of China World Economic Forum/Benedikt von LoebellWhy does de-risking matter? According to the Peterson Institute for International Economics, the trade war of 2018-19 devastated US exports to China. A big sticking point for the two nations is the US manufacturing exports to China. "Prior to the trade war, manufacturing was 44 percent of total US goods and services exports to China — the largest component of pre-trade war commerce.

Persons: Li Qiang, Li, —, Ursula von der Leyen, Benedikt von Loebell, Trump, Morgan, JP Morgan Organizations: Service, European, Economic, Peterson Institute for International Economics, Peterson Institute, Semiconductor Industry Association Locations: China, West, Davos, Tianjin, decouple, People's Republic of China, China —, East Asia, Taiwan, South Korea

☆ Russian diplomat flies to Beijing as Putin faces heat at home
▼ + stars: | 2023-06-25 | by ( ) www.reuters.com time to read: +2 min

The rebellion has been closely followed by Chinese media which has refrained from comment ahead of any official remarks, whereas many Chinese citizens have spoken up in support of Putin on social media. many Chinese citizens wrote in social media posts. China's Embassy in Russia told Chinese media outlet Southern Metropolis Daily on Saturday that the region around Moscow was calm. "Prigozhin realises that it is difficult to achieve the desired results through this rebellion," Song said. Reporting by Ryan Woo and Beijing newsroom; Editing by Tom Hogue and Christopher CushingOur Standards: The Thomson Reuters Trust Principles.

Persons: Andrei Rudenko, Vladimir Putin's, Qin Gang, Rudenko, Putin, Joe Biden, Song Zhongping, Yevgeny Prigozhin, Prigozhin's, Wagner, Prigozhin, Ryan Woo, Tom Hogue, Christopher Cushing Organizations: China's Foreign, Qin, U.S, Reuters, China's, Southern, Daily, Global Times, Thomson Locations: BEIJING, Beijing, China, Russia, Moscow, Ukraine, Russian

☆ Andrew Tate says he wants to train Elon Musk to fight the jiu-jitsu loving Mark Zuckerberg, after the two billionaires told the world they'd go mano a mano in a cage match
▼ + stars: | 2023-06-23 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

Controversial influencer Andrew Tate wants to train Elon Musk to take down Mark Zuckerberg. Musk and Zuckerberg have been hyping up a potential "cage match" between them. Andrew Tate has offered to be billionaire Elon Musk's trainer in an apparent upcoming cage match with Meta founder Mark Zuckerberg. "Meta banned me everywhere for telling the truth about vaccines," Tate wrote. "Let's go full MMA," Musk tweeted on Thursday evening.

Persons: Andrew Tate, Mark Zuckerberg, Zuckerberg, Elon Musk's, Tate, Meta, Musk, tweeting, Iska Saric, Alex Heath, he'd, who's, Insider's Will Gendron, Bovada, It's, Musk's, Maye Organizations: Elon, Morning, Meta, Facebook, Tesla, Twitter, Sports, Las Vegas UFC, Tate Locations: Instagram, Romania, Redwood City , California

☆ 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

☆ As China's intelligence capabilities grow, spying becomes an increasing flashpoint in ties with US
▼ + stars: | 2023-06-15 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +12 min

They underscore how intelligence gathering – an activity meant to go on without detection, out of the public eye – is becoming an increasingly prominent flashpoint in the US-China relationship. That pushes intelligence gathering itself to become “another factor that is complicating US-China relations,” he said. That’s especially the case, experts say, as China continues to expand its own intelligence gathering capabilities – catching up in an area where the US has traditionally had an edge. Other arms of the Communist Party apparatus also play a role in activities beyond conventional intelligence gathering, experts say. Heightened concern and awareness about Chinese intelligence gathering – or the potential for it – has exploded in the US in recent years.

Persons: Antony Blinken, Blinken, Bill Burns, ”, Lyle Morris, Christopher Johnson, “, there’s, they’ve, Johnson, Xi Jinping, That’s, Xuezhi Guo, Guo, Xi, Hector Retamal, –, TikTok –, Edward Snowden, ’, Shou Zi Chew, Jabin, John Delury, John T, Downey, Delury Organizations: Hong Kong CNN, US, White House, CIA, CNN, Asia Society, Center for, Central Intelligence Agency, China, Group, U.S . Navy, AP, Guilford College, People’s Liberation Army, Ministry of State Security, Communist Party, Federal Bureau of Intelligence, The New York Times, Huawei, TikTok, Tiktok, US Justice Department, China Initiative, Center for Strategic, International Studies, National Security Agency, US Central Intelligence Agency, Washington, China ”, Energy, Commerce, Capitol, Washington Post, Subversion Locations: Hong Kong, United States, China, Beijing, American, Cuba, US, Center for China, South, Russia, AFP, Washington, USA, South China, Washington , DC

☆ Russia's Lancet drone is hampering Ukraine's counteroffensive, smashing Western gear and exposing poor air defenses
▼ + stars: | 2023-06-13 | by ( Kieran Corcoran | Mia Jankowicz | ) www.businessinsider.com time to read: +6 min

Footage of destroyed Ukrainian vehicles is spreading, often attributed to the Lancet drone. Russian officials have gleefully shared videos of piled-up wreckage, and often cited as the cause the Russian-made Lancet drone. A still image from a video claiming to show the moment just before Russia's Lancet drones hit a cluster of vehicles. obtf_kaskad/TelegramA still image from a video purporting to show the moment just before Russia's Lancet drones hit a cluster of vehicles. "We should also note that we don't know how many of these new Lancet drones Russia has," he added.

Persons: —, James Patton Rogers, Rogers, Olga Skabeyeva, Vladimir Solovyov, Axel Springer, Patton Rogers, Julian Röpcke, Lancets Organizations: Service, Cornell Tech Policy Institute, University of Southern, Donetsk People's, Russian, IRIS, Air, Ukraine — Locations: Ukraine, Russia, Russian, —, University of Southern Denmark, Donetsk People's Republic, Germany, Ukrainian

☆ Politics has reached the point where Trump wants to know if Chris Christie has a problem with 'SIZE'
▼ + stars: | 2023-06-07 | by ( Matthew Loh | ) www.businessinsider.com time to read: +2 min

Trump wants to know if Chris Christie has a problem with "SIZE." Christie, a onetime Trump ally turned sworn rival, announced his 2024 campaign on Tuesday. Trump then uploaded a video edited to make it look like Christie was at a buffet. Their latest clash has seen Trump unveil a new strategy — making cryptic references to Christie and "SIZE." "How many times did Chris Christie use the word SMALL?

Persons: Trump, Chris Christie, Christie, —, Donald Trump, Ivanka, Jared Kushner, hyping Organizations: Service, GOP, Trump, New Locations: New Jersey

☆ Kim Kardashian, Floyd Mayweather can’t evade EMax crypto investors’ claims, judge says
▼ + stars: | 2023-06-07 | by ( Alison Frankel | Thomson Reuters | Alison Frankel Has Covered High-Stakes Commercial Litigation As A Columnist For Reuters Since A Dartmouth College Graduate | ) www.reuters.com time to read: +7 min

Pierce, who allegedly received nearly $250,000 in EMax tokens as payment for touting the investment, paid $1.4 million in February to settle the SEC’s allegations of deceptive securities promotion. The new ruling, Masson said, should serve as a blueprint for crypto investors who contend they were duped by celebrity promoters. The beefed-up amended complaint convinced the judge that investors had plausibly accused the celebrity influencers of doing just that: exerting influence over their followers by endorsing EMax tokens. Fitzgerald’s previous decision dismissing claims against Kardashian and the other EMax promoters, Masson said, might have created an impression that celebrities can’t be held responsible for allegedly deceptive crypto touting. “You cannot get away with this.”Read more:Kim Kardashian, other celebrities beat EMax crypto investors' lawsuitKim Kardashian pays $1.26 million fine for paid crypto ad, SEC saysOur Standards: The Thomson Reuters Trust Principles.

Persons: Kim Kardashian, Michael Fitzgerald, Kardashian, Floyd Mayweather, famer Paul Pierce, Mayweather, Pierce “, ”, Fitzgerald, Hyping, you’ve, Scott, “, ” Fitzgerald, Michael Rhodes, Cooley, Pierce, Joel Weiner, Katten Muchin Rosenman, James Sanders, Reed Smith, influencer Logan Paul, Paul, King & Spalding, Sean Masson, Scott —, Kardashian —, EMax, Masson, ’, can’t, ” Masson, ” Read Organizations: District, Los, NBA, famer, U.S . Circuit, Securities, Exchange Commission, King &, SEC, Thomson, Reuters Locations: California, “, Florida

☆ 'The Mother' starring Jennifer Lopez is one of Netflix's biggest hit movies of all time
▼ + stars: | 2023-06-06 | by ( Ashley Rodriguez | ) www.businessinsider.com time to read: +2 min

"The Mother," starring Jennifer Lopez, is one of Netflix's most watched movies of all time. The action film cracked the top 10 list during the week of May 29 after debuting earlier in the month. Jennifer Lopez's action film "The Mother" is one of Netflix's most watched movies of all time. Lopez stars in the film as an assassin on the run who comes out of hiding to protect her daughter. Here's the list of Netflix's 10 most watched English-language films of all time:

Persons: Jennifer Lopez, Jennifer Lopez's, Nick Caro, Gal Gadot, Dwayne Johnson, Ryan Reynolds, Lopez, Arnold Schwarzenegger Organizations: Netflix, Morning, Mother's

☆ US venture capital titan Sequoia to split off China business amid tension with Beijing
▼ + stars: | 2023-06-06 | by ( Bryan Mena | ) edition.cnn.com time to read: +3 min

Washington, DC CNN —Venture capital titan Sequoia is splitting its business into three independent partnerships, each with separate brands. Sequoia Capital executives briefed investors Tuesday about the plans, which are expected to be completed by March 2024. The firm’s operations in Europe and the United States will retain the current name, Sequoia Capital. Its Chinese unit, Sequoia China, will use its current Chinese name, HongShan. The company’s business operations in India and Southeast Asia will be spun off into a partnership named Peak XV Partners.

Persons: hyping, Roelof Botha, Neil Shen, Shailendra Singh, Biden, TikTok Organizations: DC CNN — Venture, Sequoia Capital, XV Partners, Apple, Sequoia, Republicans, US, Street Journal Locations: Washington, China, Beijing, Europe, United States, Sequoia China, India, Southeast Asia, Montana

☆ China deletes 1.4 million social media posts in crackdown on 'self-media' accounts
▼ + stars: | 2023-05-27 | by ( Eduardo Baptista | ) www.reuters.com time to read: +3 min

BEIJING, May 27 (Reuters) - China's cyberspace regulator said 1.4 million social media posts have been deleted following a two-month probe into alleged misinformation, illegal profiteering, and impersonation of state officials, among other "pronounced problems". The Cyberspace Administration of China (CAC) said in a statement on Friday it had closed 67,000 social media accounts and deleted hundreds of thousands of posts between March 10 and May 22 as part of a broader "rectification" campaign. Since 2021, China has targeted billions of social media accounts in a bid to "clean" its cyberspace and make it easier for authorities to control. The latest crackdown targeted accounts on popular Chinese social media apps including WeChat, Douyin, and Weibo that fall under the category of "self media," a term that broadly refers to accounts that publish news and information but are not government-run or state-approved. Some 25,000 other accounts were targeted for impersonating public institutions, such as disease and prevention control centers and state-run research institutes.

☆ 6 daily micro habits recommended by Google's executive coach to reduce stress and increase focus
▼ + stars: | 2023-05-22 | by ( Robin Madell | ) www.businessinsider.com time to read: +7 min

AK Ikwuakor is a 38-year-old executive coach lead at Google from Marina del Rey, California. I've served as an executive coach for leaders across the globe. One of my micro habits is walking out the door each morning. Here are six daily micro habits that I recommend to Googlers and others to become less stressed and more focused. People often struggle at first, but as they continue listing things like "I know I'm amazing with people," "I know I'm a strong marketer," "I know I'm a great friend," and so on, it gets easier.

☆ Ukraine's defense minister is worried the West will get cold feet if Kyiv's much-expected counterattack is a flop
▼ + stars: | 2023-05-08 | by ( Chris Panella | ) www.businessinsider.com time to read: +2 min

Ukrainian Defense Minister Oleksii Reznikov told The Washington Post he fears the attack is being "overestimated." Reznikov worries if the attack isn't successful, Ukraine will lose support from its Western allies. If people are hoping for "something huge," the actual results of the attack could lead to "emotional disappointment," Reznikov told the Post. "We inspired everywhere because the perception was that we will fall during 72 hours," Reznikov said, according to the Post. But the track record means Ukraine's partners now have a "joint expectation that it would be successful again," he added.

Analysts say what may appear as mixed messaging is the result of President Xi Jinping's renewed focus on national security, steeled by rock-bottom relations with rival superpower, the United States. A later speech in March at the National People's Congress was more pointed: China's security is being challenged by U.S. attempts to contain its rise, he said. In his October speech, he added "external security" and "international security", in what analysts say signals a new focus to counter foreign threats, namely Washington. Asked for its response to a list of questions for this story, China's foreign ministry said it was "not aware of the situation". BUSINESS JITTERSChina's security focus also risks isolating the country economically.

☆ Bitcoin could rally 40% by the end of the year, according to a top blockchain founder
▼ + stars: | 2023-05-06 | by ( Phil Rosen | ) www.businessinsider.com time to read: +6 min

A pile of Bitcoin slugs sit in a box ready to be minted on April 26, 2013 in Sandy, Utah. And bitcoin is front-running this scenario, pointing to a future that is effectively a return to relatively low rates. A big reason why bitcoin has performed so well was that it was just really oversold during the collapse of FTX. In such a scenario, all assets would have a correlation of one with each other, including bitcoin and even gold. Big gold buyers like HSBC and JPMorgan have shunned business with Moscow — leaving billions of dollars worth of gold in need of new landing spots.

☆ Nobel economist Paul Krugman takes a jab at Elon Musk and says dollar dominance isn't worth much to America.
▼ + stars: | 2023-05-03 | by ( Zinya Salfiti | ) www.businessinsider.com time to read: +3 min

Paul Krugman said dollar dominance is overrated, and isn't worth more to America than "a fraction of 1% of its GDP." The Nobel Prize-winning economist criticized Elon Musk for being among those warning that the US is "weaponizing" the dollar. Sign up for our newsletter to get the inside scoop on what traders are talking about — delivered daily to your inbox. "The point is that tugging on one or two strands of this web isn't likely to cause it to unravel. But Krugman argued that fears of an end to dollar dominance are made to seem important because global currency issues naturally come across as "glamorous and mysterious", but in reality very little is really at stake in them.

☆ White House begins early planning for 6G development
▼ + stars: | 2023-04-21 | by ( Samantha Murphy Kelly | ) edition.cnn.com time to read: +3 min

CNN —The White House plans to meet on Friday with government officials, business leaders and members of the academic community to discuss strategies for building out next-generation 6G wireless technology and lessons learned from the rollout of 5G. “It’s imperative that we start to look at these issues early,” a security official for the Biden administration said during a press call on Thursday evening. The more limited 5G adoption in the US can also be attributed to the fact that 5G network infrastructure developed slower than expected, Gergs said. As a result, 5G networks are less potent and consumers may see less incentive to pay a premium for 5G connectivity. But the government’s early focus on 6G also risks hyping that future technology and making it even harder for carriers to convince today’s consumers to pay to upgrade to existing 5G subscriptions, Gergs said.

“As if the flight test was not exciting enough, Starship experienced a rapid unscheduled disassembly before stage separation,” SpaceX tweeted. The massive Super Heavy rocket booster, which houses 33 engines, lifted off and sent a massive boom across the coastal landscape as it fired to life. NASA administrator Bill Nelson took to Twitter to share his congratulations on the flight test. Looking forward to all that SpaceX learns, to the next flight test —and beyond.”The test flight comes after years of explosive tests, regulatory hurdles and public hyping from Musk. SpaceX's Starship lifted off for the uncrewed test flight in Boca Chica, Texas.

☆ China seeking Dutch space technology -military intelligence agency
▼ + stars: | 2023-04-19 | by ( ) www.reuters.com time to read: +2 min

AMSTERDAM, April 19 (Reuters) - China is seeking to acquire equipment and knowledge in the Dutch space sector, sometimes in circumvention of export restrictions, the Netherlands' military intelligence agency said on Wednesday. China has long insisted that its space programme is for peaceful purposes and that it opposes any form of arms race in space. MIVD chief Jan Swillers said in the agency's report thatChina was specifically seeking "launchers with intelligence, surveillance, reconnaissance (ISR) and communication satellites”. The MIVD's partner agency, the Dutch general intelligence agency AIVD, said on Monday that China posed "the greatest threat to Dutch economic security". In response, China's foreign ministry urged Western officials to abandon what it called a Cold War mentality and stop hyping up the “China threat” narrative.

☆ SpaceX calls off launch attempt of Starship, the most powerful rocket ever built
▼ + stars: | 2023-04-17 | by ( Jackie Wattles | ) edition.cnn.com time to read: +3 min

South Padre Island, Texas CNN —SpaceX is now targeting Thursday for the next attempt to get Starship, the most powerful rocket ever built, off the ground. Starship was left grounded on its launchpad in South Texas on Monday morning because of a technical issue, delaying the vehicle’s historic first launch attempt. But the launch was called off due to what the SpaceX broadcast said was a pressurization issue. “A pressurant valve appears to be frozen, so unless it starts operating soon, no launch today,” SpaceX CEO Elon Musk tweeted. “If we get far enough away from launch pad before something goes wrong, then I think I would consider that to be a success,” Musk said during a Twitter “Spaces” event on Sunday.

☆ WWE apologizes for using Auschwitz footage in pro WrestleMania promo
▼ + stars: | 2023-04-07 | by ( David K. Li | ) www.cnbc.com time to read: +1 min

A view of the former Nazi concentration and extermination camp Auschwitz in Oswiecim, Poland, January 19, 2015. World Wrestling Entertainment inexplicably used footage of infamous Nazi death camp Auschwitz in a recent promotion, prompting the grappling giant to apologize Friday for the offensive gaffe. "We had no knowledge of what was depicted," the WWE said in statement to NBC News on Friday. The Auschwitz footage is now absent from tape of WrestleMania Night 1 and has been replaced with generic images of a jail with barbed wire. The son fought his father in this past weekend's WrestleMania and was beaten soundly by the old man.

☆ China says unmanned airship over US was isolated, unexpected event
▼ + stars: | 2023-04-04 | by ( ) www.reuters.com time to read: 1 min

BEIJING, April 4 (Reuters) - China has made it clear that the unmanned civilian airship that flew over U.S. terriory was an unexpected and isolated event, the foreign ministry said on Tuesday. "China rejects distortion and hyping up of this incident," spokesperson Mao Ning said at a press briefing when answering a question on the Pentagon saying that it could not confirm China collected real-time data from the balloon earlier this year. Reporting by Laurie Chen; Writing by Bernard Orr; Editing by Andrew HeavensOur Standards: The Thomson Reuters Trust Principles.

☆ OpenAI's ambitious master plan to conquer rivals like Google in the AI race hinges on pure speed
▼ + stars: | 2023-03-27 | by ( Emilia David | ) www.businessinsider.com time to read: +5 min

Moving fast looks to be the core of OpenAI's ambitious strategy to become the number one name in AI. And, importantly, OpenAI wants — or, perhaps needs — the other much faster than its competitors can. Speed is key to OpenAI's approachBy now, everyone knows OpenAI, thanks to the smash almost-overnight success of ChatGPT. Much of the process to improve its AI models is to let it connect to more data sources than ever before. But OpenAI isn't waiting around: it wants to move fast, and its ambition stretches beyond just improving ChatGPT and its other AI models.

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