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WASHINGTON (Reuters) - The U.S. administration stepped in on Sunday with a series of emergency measures to shore up confidence in the banking system after the failure of Silicon Valley Bank threatened to trigger a broader systemic crisis. “The American people and American businesses can have confidence that their bank deposits will be there when they need them,” Biden said in a statement. Silicon Valley Bank (SVB), a mainstay for the startup economy, was a product of the decades-long era of cheap money, with unique risks that made it especially vulnerable. With the Fed poised to continue raising interest rates, investors said the financial system may not be fully out of the woods just yet. “Going forward, we will work with Congress and the financial regulators to consider additional actions we could take in the future to strengthen the financial system,” the official said.

☆ CFOs Warily Watch—and Wait—for an Acceleration in Fed Interest-Rate Hikes
▼ + stars: | 2023-03-09 | by ( Jennifer Williams-Alvarez | ) www.wsj.com time to read: +1 min

For some finance chiefs of companies such as auto retailer Sonic Automotive Inc., the possibility that the Fed will raise interest rates by a larger half-percentage-point later this month comes as little surprise given that consumer spending remains strong and hiring continues to be robust. The Federal Reserve stands ready to accelerate interest-rate hikes to combat inflation, central bank Chair Jerome Powell said in congressional testimony the past two days. Some finance chiefs who are already pushing their companies to do more with less amid rising costs said they are closely monitoring the impact of what comes next. Mr. Powell’s comments, delivered during semiannual hearings before Senate and House panels, open up the possibility that a larger half-point interest rate increase may be in store when Fed officials meet for their two-day policy meeting March 21-22. “The latest economic data have come in stronger than expected, which suggests that the ultimate level of interest rates is likely to be higher than previously anticipated,” he told the Senate Banking Committee on Tuesday.

A Culture in theCross Hairs Russia’s invasion has systematically destroyed Ukrainian cultural sites. It has also dealt a grievous blow to Ukrainian culture: to its museums and monuments, its grand universities and rural libraries, its historic churches and contemporary mosaics. This is how empires always work.” The war in Ukraine is a culture war, and the extent of the destruction is becoming clearer. Kyiv Sviatohirsk UKRAINE Damaged or destroyed religious sites Areas controlled by Russia at any time since invasion. Kyiv Sviatohirsk UKRAINE Damaged or destroyed religious sites Areas controlled by Russia at any time since invasion.

Leaders of Arab League states spanning the Gulf, Levant and Africa began arriving in Riyadh on Thursday when Xi received a lavish reception by Prince Mohammed and signed a China-Saudi partnership pact with King Salman, demonstrating deepening ties. Oil giant Saudi Arabia is a top supplier to China and the joint statement reaffirmed the importance of global market stability and energy collaboration, while striving to boost non-oil trade and enhance cooperation in peaceful nuclear power. Xi invited King Salman to visit China, Saudi state television reported. Diplomats said the Chinese delegation would sign agreements and memoranda of understanding with several states in addition to Saudi Arabia, which inked an MOU with Huawei on cloud computing and building high-tech complexes in Saudi cities. The Chinese tech giant has participated in building 5G networks in most Gulf states despite U.S. concerns over a possible security risk in using its technology.

It stood in stark contrast to the low-key welcome extended in July to U.S. President Joe Biden, with whom ties have been strained by Saudi energy policy and the 2018 murder of Jamal Khashoggi that had overshadowed the awkward visit. In an op-ed published in Saudi media, Xi said he was on a "pioneering trip" to "open a new era of China's relations with the Arab world, the Arab countries of the Gulf, and Saudi Arabia". [1/6] Saudi Crown Prince Mohammed Bin Salman welcomes Chinese President Xi Jinping in Riyadh, Saudi Arabia December 8, 2022. Chinese and Saudi firms also signed 34 deals for investment in green energy, information technology, cloud services, transport, construction and other sectors, state news agency SPA reported. While Saudi Arabia was an important U.S. ally, she noted, "in recent years, it has upheld its strategic autonomy, resisted the pressure of the United States".

☆ Factbox: Saudi-China energy, trade and investment ties
▼ + stars: | 2022-12-06 | by ( ) www.reuters.com time to read: +4 min

Below are some details about oil, trade and security relations between China and Saudi Arabia. OIL TRADEChina is Saudi Arabia's largest trading partner, with bilateral trade worth $87.3 billion in 2021. Chinese exports to Saudi Arabia reached $30.3 billion, while China's imports from the kingdom totalled $57 billion. REFINERIESAramco in early 2022 made a final investment decision to build a $10 billion refinery, petrochemical complex in northeast China, marking its single largest investment in China. Named Huajin Aramco Petrochemical Company, the joint venture groups Aramco, Huajin Chemical Industries Group Corporation (000059.SZ) -- a unit of defence conglomerate Norinco-- and Panjin Xincheng Industrial Group.

☆ Analysis: Saudi prince seeks Mideast leadership, independence with Xi's visit
▼ + stars: | 2022-12-04 | by ( Aziz El Yaakoubi | ) www.reuters.com time to read: +7 min

The Saudi government did not respond to requests for comment on Xi's visit and its agenda. It is China's top oil supplier, although fellow OPEC+ producer Russia has increased its Chinese market share with lower-priced fuel. The Chinese delegation is expected to sign dozens of agreements with Saudi Arabia and other Arab states covering energy, security and investments, diplomats have told Reuters. U.S. officials have declined to comment when asked about Saudi-China bilateral relations ahead of Xi's visit. "The relationships with China pale versus those with the United States in terms of both complexity and intimacy," he said.

[1/4] Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., November 21, 2022. The pan-European STOXX 600 index (.STOXX) closed down 0.13% while MSCI's gauge of stocks across the globe (.MIWD00000PUS) shed 0.09%. "It's going to be a busy second half of the week with all the data points we're expecting. Oil prices climbed on hopes for a relaxation of China's strict COVID-19 controls, which had fueled demand concerns. Gold prices rose with help from the dollar's retreat and hopes for less aggressive U.S. rate hikes going forward.

BRUSSELS, Nov 24 (Reuters) - European Council President Charles Michel will meet Chinese President Xi Jinping in China on Dec. 1 to discuss a range of global challenges including the war in Ukraine, tensions over Taiwan and EU concerns about imbalanced economic ties. The visit comes after European leaders jointly expressed concern at a meeting last month about economic reliance on China. Michel was likely to stress the need to rebalance the EU-China economic relationship and the importance of abiding by global trading rules. Since 2019, the European Union has regarded China more warily, describing it then as a partner, an economic competitor and a system rival. Reporting by Marine Strauss @StraussMarine, Benoit Van Overstraeten; Editing by Alex Richardson, Alexandra HudsonOur Standards: The Thomson Reuters Trust Principles.

☆ Germany must trade with China warily, economy minister says
▼ + stars: | 2022-11-23 | by ( ) www.reuters.com time to read: +2 min

BERLIN, Nov 23 (Reuters) - No one is suggesting Germany should stop trading with China, but Beijing's investments in critical sectors must be examined closely, German Economy Minister Robert Habeck said on Wednesday. "Nothing speaks against continuing to maintain economic relations with China," Habeck said at a conference organised by the Sueddeutsche Zeitung newspaper in Berlin. "That means in the critical sectors of our economy, we have to judge and prohibit the strategic influence of critical investments," Habeck said. Germany is seeking to reduce its dependence on Beijing and is developing a new China strategy, but it could be a tricky task with deep trade ties between Europe's and Asia's biggest economies. From a European point of view, the Act is a violation of the World Trade Organization's rules that cannot be accepted in the long term, the minister said.

[1/2] A general view shows Pearl Island, an artificial island spanning nearly four square kilometres, ahead of the FIFA 2022 World Cup soccer tournament at Katara Cultural Village in Doha, Qatar November 17, 2022. "What happens when the World Cup is over? I know gay men in workers' camps wouldn't be able to live the same way." Qatari organisers of the World Cup have warned visitors against public displays of affection but say that everyone, no matter their sexual orientation or background, is welcome at the event. The furore has been fuelled by comments from public figures including former Qatar player and World Cup ambassador Khalid Salman who told a German broadcaster that homosexuality was "damage in the mind".

The House agriculture committee will likely be led starting in January by Glenn "GT" Thompson of Pennsylvania. The farm bill has a historical reputation of bipartisanship, so some advocates told Reuters they are warily optimistic. Passage of the 2014 farm bill was held up more than a year as conservative House Republicans tried unsuccessfully to strip the bill of nutrition programs. Every Republican member of the House agriculture committee signed a letter calling the funding “abusive and troublesome." At an August farm conference in Iowa, Thompson said if he led the agriculture committee, he would "ensure that the farm bill doesn't become a climate bill."

Several Biden aides and advisers, speaking on condition of anonymity, gave their assessment of how the president and his team view Trump's entry into the race. Trump made his announcement on Tuesday night as he sought to get a jump on potential rivals for the Republican nomination. Biden, who defeated Trump in the contentious 2020 election, thus far is remaining mum publicly. Biden defeated Trump by more than 7 million in the nationwide popular vote tally and by a margin of 306 to 232 in the state-by-state Electoral College that determines the outcome of presidential elections. A few hours before Trump's announcement, the White House launched a new webpage highlighting the Biden administration's achievements from creating manufacturing jobs and lowering drug prices for seniors to gun reform.

☆ YouTube has a new 'rigid' culture as Google ad executives take over
▼ + stars: | 2022-11-01 | by ( Tom Dotan | ) www.businessinsider.com time to read: +7 min

In the last 18 months, at least nine top YouTube executives left and were replaced by longtime Googlers. "It's becoming very operationalized at YouTube," said one former YouTube executive. Google ad executive takeoverYouTube's chief business officer role has marked a significant shift toward the rising influence of Google's sales culture. 2019 is also when Google began keeping a closer reign on YouTube and started to stock it with Google ad executives. The point person for YouTube Originals, Susanne Daniels, who came from MTV, left YouTube in January, shortly before YouTube shut down its entire Originals content group.

☆ One factory worker takes on Mexico's powerful unions
▼ + stars: | 2022-10-27 | by ( Daina Beth Solomon | ) www.reuters.com time to read: +9 min

CTM representatives say their unions defend worker rights, offer perks such as scholarships and sports programs and abide by Mexico's new labor rules. Along with La Liga, other new unions have also won victories over powerful rivals in the past year at GM, Japan's Panasonic (6752.T) and French glassmaker Saint-Gobain (SGOB.PA), pledging better pay. Even among the new crop, La Liga stands out for its broader vision: targeting companies no matter the sector, no matter the location. Leaving her three kids at home, she is traveling factory to factory seeking support. What's more, to drum up support, La Liga must fight a deeply embedded culture of fear and apathy around speaking out.

☆ New $1.1 bln U.S. arms package for Ukraine in process -U.S. officials
▼ + stars: | 2022-09-27 | by ( ) www.reuters.com time to read: +1 min

The package will be the latest installment in weaponry for Ukraine as it fights Russian forces in eastern Ukraine. The officials said on condition of anonymity that the package will be announced in coming days. The United States is watching warily as pro-Russian forces conduct referendums in occupied areas of Ukraine, with the outcome expected to be announced soon. President Joe Biden has condemned the referendums and vowed the United States would never recognize the results. The United States has provided more than $15 billion in military aid to Ukraine for its conflict with Russia.

☆ U.S. VP Harris condemns 'disturbing' Chinese actions
▼ + stars: | 2022-09-27 | by ( Trevor Hunnicutt | ) www.reuters.com time to read: +4 min

"China is undermining key elements of the international rules-based order," said Harris, who is on a four-day trip to Asia. And we have witnessed disturbing behaviour in the East China Sea and in the South China Sea, and most recently, provocations across the Taiwan Strait." Harris said U.S. forces would operate in the region "undaunted and unafraid" even as the United States expects "continued aggressive" actions by China. U.S. Vice President Kamala Harris listens during a roundtable discussion at the NAACP National Convention in Atlantic City, New Jersey, U.S., July 18, 2022. Aides said Harris would work on a unified approach in a region where leaders have warily watched rising tension between the United States and China.

☆ U.S. Vice President Harris to discuss Taiwan's security in Asia
▼ + stars: | 2022-09-23 | by ( Trevor Hunnicutt | ) www.reuters.com time to read: +2 min

U.S. Vice President Kamala Harris holds a roundtable with civil and reproductive rights leaders who are working to protect women's reproductive rights, in the Diplomatic Reception room in the Eisenhower Executive Office Building in Washington, U.S., September 12, 2022. REUTERS/Evelyn HocksteinWASHINGTON, Sept 23 (Reuters) - U.S. Vice President Kamala Harris will discuss Taiwanese security during bilateral meetings with the leaders of Japan and South Korea when she visits the region next week, a senior administration official said on Friday. The conversations with South Korean President Yoon Suk-yeol and Japanese Prime Minister Fumio Kishida will come days after Chinese officials were roiled by an explicit pledge by U.S. President Joe Biden to defend the Chinese-claimed island. read more"We are very much aligned with our partners and this will be an opportunity for the vice president to discuss the recent developments and the way forward with the leaders of both Japan and the Republic of Korea," the official said. Taiwan's government strongly objects to China's sovereignty claims and says only the island's 23 million people can decide its future.

☆ How Rupert Murdoch’s Empire of Influence Remade the World
▼ + stars: | 2019-04-03 | by ( Jonathan Mahler | Jim Rutenberg | ) www.nytimes.com time to read: +61 min

Murdoch family, 1987: Lachlan, James, Anna and Rupert. The second season of HBO’s “Succession,” whose fictional media family, the Roys, bears a striking resemblance to the Murdochs, airs this summer. ‘A press dictatorship’To understand how the Murdoch empire works, it is essential to return to its origins. The bigger Murdoch’s empire became, the more power he had to clear away obstacles to further its expansion. Like his father, Lachlan considered the idea of meddling with such an important profit driver a form of madness.

Persons: ‘, Rupert Murdoch, Murdoch, Jerry Hall, Lachlan’s, Lachlan, —, Hall, President Trump, Theresa May, Robert A, consummating, Rupert, Elisabeth, Anna, James, David Graves, Rex, Prudence, Murdoch’s, Patricia Booker, Anna Mann, jockeying, Murdoch didn’t, ” Murdoch, Ron Galella, ‘ I’ve, Graham, Jeff Bezos, William R, Hearst, George Hearst, Ochs, Sulzberger, Arnold Newman, HBO’s, Australia —, “, don’t, Trump, Rutger Bregman, Tucker Carlson, Carlson, — Murdoch, Dow Jones, Bancroft, ’, Keith Murdoch, Keith, Joseph Lyons, Tom Roberts’s, ” Lyons, ”, I’ll, ” Rupert Murdoch, Aubrey Hart, Roberts, ” Keith, Margaret Thatcher’s, Thatcher, revel, John Major, Neil Kinnock, Joseph Stalin, Britain’s, Roy Cohn —, Joseph McCarthy, Ronald Reagan’s, Roger Stone Jr, Murdoch weaponize, Reagan’s, Stone, Reagan, George H.W, Bush, L.A, Ted Turner, Roger Ailes, Nixon, George H.W . Bush, Time Warner, Rudolph W, Giuliani, Post —, Fox, Monica Lewinsky, ” David Frum, George W, Sumner, Peter Mathew, Fairfax, Chase Carey, Talib Kweli, Rawkus, Kathryn Hufschmid, Kathryn, ” Lachlan, Sarah O’Hare, Lachlan doesn’t, Chris Mitchell, — he’d, Wendi Murdoch, Wendi, Jules Stein, Leonardo DiCaprio, James warily, Ivanka Trump, Ivanka’s, Jared Kushner, Kushner, Ivanka, Wendi’s, Donald Trump, Ailes, Rudolph Giuliani’s, Corey Lewandowski, Ted Cruz, Marco Rubio, Bret Baier’s, Baier, Stephen F, Hayes, ” Trump, Tell Hayes, Sean Hannity, Sinclair —, Doug Mills, Megyn Kelly, — “ You’ve, — Trump, Kelly, Charles Krauthammer, John Kasich, James’s, Hillary Clinton, Tony Blair, Hillary, Clinton, United States —, Paul Gigot, Obama, Al Drago, Anthony Hilton, Hilton, Rodrigo Duterte, Viktor Orban, europhiles, Rebekah Brooks, Andy Coulson, David Cameron, feckless, Leveson, Robinson, Mick Jagger, Margaret Thatcher, Nigel Farage, Evgeny Lebedev, Carlo Allegri, Murdoch lounging, What’s, lodestar, David Rhodes, Rhodes, Ben Rhodes, Kevin Hagen, he’d, Trump’s, Jeff Rovin, Satan, James Murdoch, Clint Spaulding, Patrick McMullan, James Stavridis Organizations: Northern, Fox News Channel, Sun, European Union —, Downing, Walt Disney Company, Century Fox, Disney, Getty, News Corp, Trust, Washington Post, Hearst Corporation, United, The New York Times, Arnold Newman Properties, Fox, White, Broadway, Fox News, Trump White, Street, Melbourne Herald, Weekly Times, ”, Eugenics Society of Victoria, Oxford, Murdoch, Fleet, The, British government’s, Sky Television, Britain’s “, Labor, Trump, Gov, Reagan’s, New, New York Post, The Boston Herald, CNN, Time, Republican, Post, Pew, Republicans, CBS, Viacom, British Sky Broadcasting, Australia spearfishing, Harvard, The Harvard, Rawkus Records, Princeton, Kawasaki, Hollywood, New York Observer, York mayoral, Fox & Friends, Trump International Golf Club, Gateway, America, New York Times, Clinton Climate Initiative, Labor Party centrist, Pacific Partnership, Tea Party, European Union, Freedom Party, Nazi, London, Press Association, Associated Press, Brexit Times, United Nations, Reuters, Photographers, CBS News, Democrat Locations: Macedonia, Southern, San Francisco, Los Angeles, California, United States, Britain, London, Australia, Australian, Sydney, Lachlan, Davos, New York, Dutch, Iraq, British, Gallipoli, Adelaide, White Australia, Luxembourg, York, George H.W ., Midtown Manhattan, Manhattan, Hong Kong, Mumbai, Indonesia, Oregon, Fiji, Murdoch, Cavan, Beverly Hills, L.A, Caribbean, earshot, West Palm, Des Moines, Iowa, Ohio, Clinton, Trump, Downing, Brussels, Europe, Philippines, Manila, Bangkok, Cannes, “, Trump’s, Scotland, Aberdeen, Ailes’s, Russian

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