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☆ Trump tariff threat looms large on several Asian countries — not just China — says Goldman Sachs
▼ + stars: | 2024-11-11 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +4 min

President Donald Trump meets business leaders at the Great Hall of the People in Beijing, China, in November, 2017. Donald Trump's victory in U.S. elections has raised the specter of higher tariffs on China — but it may not be the only Asian country that faces this predicament, according to Goldman Sachs. Meanwhile, Vietnam's trade surplus with the U.S between January and September stands at $90 billion. U.S. data shows that the U.S. trade deficit with China narrowed to $279.11 billion in 2023, from $346.83 billion in 2016. Regardless of tariffs, Goldman still expects continued pressure for the relocation of certain supply chains from China to Southeast Asia, India or Mexico in particular.

Persons: Donald Trump, Donald Trump's, Goldman Sachs, Trump, Andrew Tilton, Tilton, Mr Trump, Trump's, Brian Tan, Mari Pangestu, Pangestu, Goldman Organizations: of, People, Pacific, Trump, U.S, United, Emerging Asia, Barclays Bank, FT Commodities Locations: Beijing, China, U.S, Asia, Korea, Taiwan, Vietnam, South, United States, India, Japan, Singapore, Thailand, Malaysia, Mexico, Indonesia, Trump, Southeast Asia

☆ European markets set to start the week on a positive note
▼ + stars: | 2024-11-11 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +1 min

European stocks are expected to open in positive territory Monday as global markets take a breath following last week's U.S. election. Earnings are set to come from Continental, Hannover Re and Mediobanca. Stocks also got a boost from the Federal Reserve after it lowered interest rates by a quarter percentage point last Thursday. Global investors will be awaiting the latest U.S. inflation readings due later in the week. Overnight, Asia-Pacific markets fell after China's latest stimulus measures underwhelmed and its October inflation numbers came in lower than expected.

Persons: Germany's DAX, Dow, Donald Trump's, Stocks Organizations: U.S, France's CAC, IG, Hannover Re, Federal Reserve, Global Locations: Continental, Europe, U.S, Asia, Pacific

☆ Taiwan wants to buy F-35 fighter jets and Patriot missiles to show Trump it's serious: report
▼ + stars: | 2024-11-11 | by ( Hannah Abraham | ) www.businessinsider.com time to read: +5 min

The package could include 60 F-35 fighter jets and 400 Patriot missiles, the FT reported. According to the Financial Times, the package could include 60 F-35 fighter jets, four Advanced Hawkeyes, 10 retired warships, and 400 Patriot missiles. "Taiwan is thinking about a package to show that they are serious," one former Trump administration official told the Financial Times. Blandin added that it's highly unlikely the US would send troops to defend Taiwan in the event of a Chinese attack. AdvertisementIn 2022, Biden vowed to defend Taiwan in case of a Chinese attack.

Persons: Donald Trump, —, Trump, Benjamin Blandin, Blandin, Sari Arho Havrén, Biden, Karoline Leavitt Organizations: Patriot, Service, Financial Times, Hawkeyes, Lockheed, Aegis, Business, Reuters, Institute for Economics, Peace, Bloomberg, Yokosuka Council, Pacific Studies, Trump, Taiwan, Royal United Services Institute, Air Missile Systems, White, British Locations: Taiwan, China, United States, Yokosuka, Asia, Singapore, Philippines, London, Taipei

☆ Climate Action 15: 2024's Leading Innovators for a Sustainable Future
▼ + stars: | 2024-11-11 | by ( ) www.businessinsider.com time to read: +40 min

Editor's note: Business Insider's reporters and editors nominated leaders based on insights from past Climate Action honorees, expert sources, and reader submissions. Courtesy of Jayson RicamaraSaudi Arabia, with its hot desert climate and little fresh water, is one of the most difficult farming environments. AdvertisementIyris in October also launched a sustainable-farming pilot in Saudi Arabia with chemical and plastic manufacturers as well as companies including Red Sea Global, a luxury tourism developer. A UN climate panel estimated that harnessing wave energy could supply 20% more electricity than the world produced in 2022. The US is trying to shore up its own mining and manufacturing base to curb China's power, including in battery recycling.

Persons: Derya Baran, Iyris Derya Baran, Jayson Ricamara, Baran, SecondSky, who's, Inna Braverman, Braverman, David Leb, Charles Callaway, Environmental Justice Charles Callaway ., Callaway, Clara, Gretchen Cara Daily, Stanford University Gretchen Cara Daily, Daily, NatCap, Juan Carlos Navarro, Panama Juan Carlos Navarro, Panama Navarro, José Raúl, Haiti —, Navarro, del, Reinhold Gallmetzer, Reinhold, Gallmetzer, Brazil's JBS, packer, Diane Gilpin, Smart Green Shipping Diane Gilpin, Gilpin, Drax, Roberta Tuurraq Glenn, Borade, Savok Glenn, Glenn, Cynthia Houniuhi, Houniuhi, it's, Arvind Kumar, Prasad, Rice, Kumar, Ari Matusiak, Gazur, Matusiak, —, Duncan McIntyre, McIntyre, Altenex, Ozane, Biden, It's, Delta, Liz Ricketts, Charlie Engman Ricketts, Ricketts, Ricketts didn't, Chao Yan, Princeton NuEnergy Chao Yan, Yan Organizations: Iyris, United Arab, King Abdullah University of Science, Technology, Red, Eco, UN, Eco Wave Power, Shell, Environmental Justice, Proctor Academy For Callaway, Metropolitan Transportation Authority, Green Institute, Callaway, Natural, Stanford University, Stanford, Facility, Ministry, Environment, Panama's, UNESCO, US State Department, National Association for, Nature, Center, for, Carrefour, Nestlé, Smart Green Shipping, Scottish Enterprise, International Windship Association, Maritime Organization, Union, Alaska Arctic Observatory, National Weather Service, AAOKH, University of Alaska, Pacific Islands, University of, International Court of Justice, United Nations, Prasad Seeds, Labor, Prasad, International Rice Research Institute, Rewiring, Reduction, Communities, Highland Electric, Schools, Highland, Beverly Public Schools, Fortune, Edison International, Louisiana, US Department of Energy, Ozane, White, LNG, Vessel Project, Biden, Department of Energy, Kantamanto, London . Brands, McKinsey, Princeton, New Jersey Institute of Technology, Princeton University, Princeton NuEnergy, Energy, Laboratory, EV Locations: Jayson Ricamara Saudi Arabia, Saudi Arabia, United Arab Emirates, Egypt, Spain, Ukraine, Cherkassy, Israel, Gibraltar, Port of Los Angeles, Porto, Portugal, West Harlem, New York City, Clara Hale, Costa Rica, Belize, China, NatCap, Stanford, Panama, Colombia, Venezuela, Haiti, Panama City, Brazil, Peru, Brazilian, , Norway's, Barrow, Furness, Alaska, University of Alaska Fairbanks, Utqiaġvik, Fanalei, Solomon Islands, Fiji, Vanuatu, Tonga, Asia, Saharan Africa, India, Philippines, Nepal, Bangladesh, Africa, Hyderabad, South, Southeastern Asia, Subhanpur, Rewiring America, Massachusetts —, Sulphur , Louisiana, Calcasieu, Vessel Project Louisiana, Accra, Ghana, New York, London, Kantamanto, Taiyuan, China's Shanxi, Argonne, South Carolina

☆ As Australia puts more focus on climate change, New Zealand is accused of pulling back
▼ + stars: | 2024-11-10 | by ( Mahalia Dobson | ) www.nbcnews.com time to read: +4 min

Two major countries’ approach to climate change has turned upside down Down Under. Critics argue that both countries are falling short as they head to this year’s United Nations Climate Change Conference, or COP29, which starts Monday in Azerbaijan. “Standing shoulder to shoulder with Pacific Island nations seems not to mean doing anything Pacific Island leaders have asked,” Hemming said. Albanese’s office and the office of his minister for climate change and energy, Chris Bowen, did not respond to requests for comment. Australia came in for special criticism last month at the Commonwealth Heads of Government Meeting in the Pacific Island nation of Samoa.

Persons: ”, Anthony Albanese, Christopher Luxon, Jacinda Ardern, Luxon, “, Antonio Guterres, Manaui Faulalo, “ We’re, Ralph Sims, ” Sarah Clement, Albanese, Penny Wong, Polly Hemming, ” Hemming, Chris Bowen, Wong Organizations: United Nations, Labor, Conservative, Radio, Getty, Organization for Economic Cooperation, Development, Massey University, Change, Australian National University, Australia Institute, Commonwealth Locations: Australia, New Zealand, South Pacific, Asia, Pacific, Palau, Tuvalu, Kiribati, Anthony Albanese . New Zealand, Samoa’s, AFP, Azerbaijan, Samoa, Vanuatu, Fiji, Canada, Britain

Most Americans who moved to Texas came from California and Florida, followed by New York and Illinois. AdvertisementMichelle Clifford and her family moved from California to Texas. Where people from Texas move toThere are also plenty of people who leave Texas in search of greener pastures. Between 2022 and 2023, about 38,700 people moved from Texas to California, a slight decrease from the 42,300 who did so the previous year. Courtesy of Ty JoergerTexan native Ty Joerger, 25, and about a dozen of his friends moved from Texas to the Pacific Northwest over the past two years.

Persons: —, Arielle Francois, Madison Hoff, Arielle Francois California, Francois, Michelle Clifford, Michelle Clifford Take, Clifford, It's, Bella Hadid, VALERY HACHE, Adan Banuelos, Emma Stone, Joe Rogan, Batts, Batts Flora Batts, Michael Dell, Austin, Ty Joerger, Ty, Joerger Organizations: Lone Star State, Service, Business, American Community Survey, Texas, Getty, Austin, Texans, Tech, Dell, Seattle Mariners Locations: Texas, California, Florida, New York, Illinois, Miami, Dallas, PMG, South Florida, Miami ., Arielle, Florida for Texas . Texas, Oklahoma, Louisiana , Colorado , Illinois, Washington, Michelle Clifford Take California, Celina , Texas, Celina, Cannes, AFP, Fort Worth , Texas, New York City, Hollywood, Los Angeles, Colorado, Georgia, Louisiana, Pennsylvania, Batts Flora, Austin, Erie, Cleveland, Seattle, Pacific Northwest

☆ US vs. Chinese replenishment ships: The workhorses that keep aircraft carriers operating
▼ + stars: | 2024-11-10 | by ( Benjamin Brimelow | ) www.businessinsider.com time to read: +12 min

Yet for all their importance, their missions would be impossible if not for the US Navy's unsung workhorses: replenishment ships. But replenishment ships also form the weakest link in the chain of American and Chinese carrier groups. Chow Chung-yan/South China Morning Post via Getty ImageChina's replenishment shipsThe US Navy has over 100 years of experience building and operating replenishment ships. Ultimately, the Chinese opted to pursue a new design for its next replenishment ships: the Type 903-class oiler. China has the largest shipbuilding industry in the world, however, enabling it to quickly build more oilers and convert some of its merchant ships into replenishment ships.

Persons: —, Jason R, Henry J, Kaiser refuels, Kenan O'Connor, Kaiser, Lewis, Clark, Dwight D, Eisenhower, Cole Keller, John Lewis, Harvey Milk, Earl Warren —, USNS Robert F, Kennedy, Chow Chung, Michael Singley, Chaganhu, Benjamin Brimelow Organizations: Service, US, Supply, Military Sealift Command, US Navy, Military Sealift Command's Combat Logistics Force, MSC, FAS, USNS Supply, Navy, General Dynamics, USNS, General Dynamics's National Steel and Shipbuilding Company, China Morning, Soviet Navy, NATO, USS Supply, Japanese Ministry of Defense, Sealift Command, Big, Global Affairs, Fletcher School of Law, Diplomacy, Business, Modern, Institute Locations: China, Red, Getty, Ukraine, Gulf, Aden, Shandong, Taiwan, Guam, South China, Pacific, USNS Pecos, Israel, Iran, West

☆ Striking images show the F-35 jump-jet's first trials on a newly converted Japanese aircraft carrier
▼ + stars: | 2024-11-10 | by ( Lauren Frias | ) www.businessinsider.com time to read: +1 min

Japan's aircraft carrier JS Kaga completed sea trials off the California coast Friday. The light aircraft carrier was refitted with a flight deck to carry F-35B stealth fighters. The destroyer-turned-flattop is the first carrier to be operated by Japan since World War II. AdvertisementJapan's destroyer-turned-aircraft carrier just completed sea trials off the coast of California on Friday, the country's navy said. The Kaga is the first aircraft carrier to be operated by the Japanese navy since World War II as the country overhauls its maritime forces amid tensions in the Indo-Pacific.

Persons: —, Kaga Organizations: Service, US Defense Department Locations: California, Japan, Central

☆ Calmer winds help firefighters make progress against California's Mountain Fire
▼ + stars: | 2024-11-09 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Dennis-Romero-Circle-Byline-Template.Jpg | Dennis Romero | ) www.nbcnews.com time to read: +5 min

Calmer winds helped California firefighters battle the once out-of-control Mountain Fire on Friday as they continued to defend homes from the destructive blaze, officials said. Evacuation orders have been lifted for at least two communities near the Mountain Fire in Ventura County, sheriff’s Sgt. Ventura County Fire Department firefighters work to extinguish hotspots at a home that was destroyed in the Mountain Fire, in Camarillo, Calif., on Friday. The blaze destroyed 132 structures through Thursday, and 10 people have been reported injured, according to Ventura County Fire Department spokesperson Andy VanSciver and Ventura County Sheriff James Fryhoff. Firefighters used their trucks to get some residents away from the looming flames, Ventura County Fire Capt.

Persons: Sgt, Monica Smith, Ventura, Mario Tama, Moorpark, Smith, Andy VanSciver, Ventura County Sheriff James Fryhoff, Etienne Laurent, Jessica Graham, Trevor Johnson, Gavin Newsom, Ryan Kittell, Kittell Organizations: Ventura County Fire Department, Getty, California Department of Forestry, Cal Fire, Ventura County Animal Services, Ventura County Fire, Ventura County Sheriff, AFP, NBC, Firefighters, Southern, Edison, Emergency Management Agency, Ventura, Air Pollution Control, Ventura Family, National Weather Service Locations: California, Ventura County, repopulation, Camarillo, Calif, Santa Susana, Santa Paula, Los Angeles, Camarillo Heights, Somis, NBC Los Angeles, Conejo, Simi Valley, Ventura

☆ The US needs ammunition for its next big war — a lot of it
▼ + stars: | 2024-11-09 | by ( Jake Epstein | ) www.businessinsider.com time to read: +8 min

The US has sent Ukraine and Israel billions of dollars worth of ammunition in recent years. The wars in Ukraine and the Middle East show the US how much ammo it will need for its next big war. Beyond the ammunition, the US has also sent Ukraine a significant amount of armored vehicles, air-defense systems, drones, anti-tank weapons, small arms, and more. Given Beijing's formidable arsenal of anti-ship missiles, Navy vessels would need to be well-armed with interceptors to take down these threats and defend American assets in the Pacific. The US has transferred Patriot batteries and their associated interceptor missiles to Ukraine, where they have gotten a workout against Russian missiles.

Persons: —, Bradley Martin, Biden, Dwight D, Eisenhower, Mark Cancian, Martin, Alexandra Shea, Lockheed Martin Organizations: US, Service, Factory, AP, Pentagon, Brown University, US Navy, Navy, US Marine Corps, Center for Strategic, International, RAND, US Army, Pacific . Officials, Russian, Ship Locations: Ukraine, Israel, Red, Navy, Russia, Ukrainian, Iran, Yemen, Gulf of Aden, Iranian, China

☆ Army Office of Special Trial Counsel charges husband of missing Mischa Johnson with murder
▼ + stars: | 2024-11-08 | by ( Anna Turning | Anna Turning Is An Associate Producer With Dateline Nbc. | ) www.nbcnews.com time to read: +3 min

On November 6, the U.S. Army Office of Special Trial Counsel preferred four additional charges against Private First Class Dewayne Arthur Johnson, stemming from the disappearance of his pregnant wife. Mischa Johnson last spoke to family on July 12, 2024. Dateline reported on her disappearance in August as part of our “Missing in America” series, and spoke with her sister, Marianna Tapiz. Mischa Johnson Marianna TapizMarianna says Mischa never showed up to the restaurant for their dinner and when she texted her sister asking where she was, she received this reply: “Home wasn’t feeling good Sorry”. OTC Communications Director McCaskill told Dateline “the general nature of the additional charges are for the murder of Mischa Johnson, intentionally killing her unborn child, obstruction of justice, and the possession of child pornography.”According to McCaskill, Pfc.

Persons: Arthur Johnson, Mischa Johnson, Michelle McCaskill, Marianna Tapiz, Marianna, Mischa, Mischa Johnson Marianna Tapiz Marianna, ” Marianna, Dewayne Arthur Johnson, Johnson, McCaskill, Dateline “, ” McCaskill, Pfc, ”, Mischa Johnson’s Organizations: U.S . Army, Private, Communications, 25th Infantry Division Facebook, OTC Communications, Dateline, Army Criminal Investigation, Army CID Pacific Field Office Locations: Oahu, Hawaii, Schofield

☆ China has increased military flights near Taiwan by 300%, U.S. general says
▼ + stars: | 2024-11-08 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Courtney-Kube-Circle-Byline-Template.Jpg | Courtney Kube | ) www.nbcnews.com time to read: +7 min

The Chinese military has increased its provocative flights around Taiwan by 300% over the last five months, according to the commander of the U.S. Air Forces in the Indo-Pacific Command. In an exclusive interview with NBC News, Gen. Kevin Schneider warned that People’s Liberation Air Force activities have increased dramatically since Taiwan’s new president was inaugurated in May. Schneider noted that the Chinese Air Force has maintained the increased activity level since Lai Ching-te was sworn in on May 20. Chinese President Xi Jinping has said that he intends to unify Taiwan with mainland China and has steadily ramped up military pressure on democratically governed Taiwan. Trump has not committed to defending Taiwan during a Chinese military invasion.

Persons: Kevin Schneider, ”, Schneider, Lai Ching, te, Lai, Liu Pengyu, “, William Lai, Daniel Ceng, Will Trump, Xi Jinping, Xi, William Burns, Donald Trump’s, Trump, Joe Biden’s, they’d, Biden, Feng Hao, Gen Organizations: U.S . Air Forces, Pacific Command, NBC News, Liberation Air Force, Taiwan’s Ministry of National Defense, Chinese Air Force, Embassy, Washington , D.C, Taiwan, Getty, CIA, Bloomberg Businessweek, U.S, Theater Command, PLA, Anadolu, Trump, United States Locations: Taiwan, China, Beijing, Washington ,, Japan, South Korea, Hawaii, Alaska, Guam, Taoyuan, Anadolu, U.S, “ Taiwan, Washington

☆ Her wife died and she went on a cruise. Then she met a fellow passenger who changed her life forever
▼ + stars: | 2024-11-08 | by ( Francesca Street | ) edition.cnn.com time to read: +27 min

“But Bobbi didn’t.”At the end of the 10-day cruise, Tam disembarked thinking how Bobbi was very different from their ex-husband. Tam & Bobbi WatermanAlmost 1,000 miles apart, Tam and Bobbi stayed in touch via instant messages and social media updates. Tam & Bobbi WatermanAs Bobbi started living authentically in 2023, she and Tam also started preparing for the trip of a lifetime. So when they learned about Royal Caribbean’s Ultimate World Cruise, a nine-month long world cruise setting sail in December 2023, the couple jumped at the chance. “That was the hardest thing on the world cruise, because my passport was my old name and my old gender.

Persons: Bobbi Waterman, Bobbi, Bobbi didn’t, didn’t, Tam Asbury, Tam, ” Bobbi, —, ” Tam, “ I’d, ”, they’d, “, I’d, Tam couldn’t, Bobbi hadn’t, ’ ”, “ Bobbi, Tam didn’t, We’ve, They’ve, who’d, “ Tam, ’ Tam, ‘, she’d, Tam’s, Bobbi’s, ” Tam’s, Tam Waterman, Bobby, ‘ You’re, ’ I’d, Bobbi Waterman Bobbi, NASA —, ’ ” Bobbi, She’d, “ I’ve, stepgranddaughters, she’s, You’ve, Bobbi Waterman “, you’ve, nothing’s, Tam marveled, ” They’re, there’s, ” “ Organizations: CNN, CNN Travel, NASA, ”, Skype, Amsterdam’s, Royal, Melbourne Airport, New Zealand, eBay, YouTube, Mount Fuji Locations: Fiji, American, Florida, Australia, Pacific, Melbourne, “, Amsterdam, Netherlands, Budapest, Hungary, Paris, Europe, London, Northern, Bobbi, Sydney, Perth, New, Connecticut, Alaska, Bobbi’s, Boulder , Colorado, Hawaii, America, Tam of Florida, Bobbi’s Florida, Mexico, Tam, Japan, Antarctica, Brisbane, Hong Kong, Vietnam, Grenada, Spain, Portugal

PROVO, Utah — A small herd of domestic llamas was spotted taking an evening stroll on the train tracks in Provo, Utah, on Thursday after the woolen creatures escaped from their owner, according to the Utah Transit Authority. Several emergency responders were dispatched to round up the five llamas after transit officials received reports of the animals wandering the Union Pacific line. The llama search did not delay train service, transit authority spokesperson Gavin Gustafson said. Whether the llamas had been caught was unknown as of 10 p.m. local time, about three and a half hours after crews were called to the area 43 miles south of Salt Lake City, Gustafson said. Details about how the llamas escaped and where they came from were not immediately available.

Persons: Gavin Gustafson, Gustafson Organizations: Utah Transit Authority, Union Pacific Locations: PROVO , Utah, Provo , Utah, Salt Lake City

☆ Asia-Pacific markets poised to climb after Fed rate cut; China's NPC in focus
▼ + stars: | 2024-11-08 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

People visit a riverside in front of the Lujiazui financial district, during the National People's Congress (NPC) in Shanghai, China, March 7, 2023. Aly Song | ReutersAsia-Pacific markets were set to climb on Tuesday, after the U.S. Federal Reserve cut interest rates by 25 basis points and major U.S. indexes continued their postelection rally. In Japan, the country will be releasing spending data for September, which will offer clues to the policy path ahead for the Bank of Japan. Strong spending data would support the case for the BOJ to raise rates, and vice versa. If stocks follow futures, the Hong Kong index will hit its highest level in about a month.

Persons: Aly Song, Australia's Organizations: National People's Congress, Reuters, U.S . Federal Reserve, China's National People Congress, Bank of Japan, Nikkei Locations: Shanghai, China, Reuters Asia, Pacific, U.S, Asia, Japan, Chicago, Osaka, Hong Kong

☆ European markets expected to open in mixed territory after Fed, Bank of England cut interest rates
▼ + stars: | 2024-11-08 | by ( Sam Meredith | ) www.cnbc.com time to read: +1 min

Skyscrapers on the skyline in the financial district of Frankfurt, Germany, on Monday, Nov. 4, 2024. European markets were expected to open in mixed territory on Friday, as investors awaited corporate results and reacted to quarter-point interest rate cuts from the U.S. Federal Reserve and Bank of England. It comes as market participants continue to take in political upheaval in Germany and Donald Trump's historic presidential election victory this week. Elsewhere, Asia-Pacific markets were mixed on Friday, with investors closely monitoring the final day of China's National People's Congress, which is expected to announce fiscal stimulus measures. On Wall Street, U.S. stock futures gained marginally after the S&P 500 and Nasdaq Composite notched fresh records in a post-election rally.

Persons: Germany's DAX, Donald Trump's, Chancellor Olaf Scholz, Christian Linder, Scholz Organizations: U.S . Federal Reserve, Bank of England, France's CAC, IG, People's Congress, Nasdaq Locations: Frankfurt, Germany, Asia, Pacific, U.S

☆ Dollar winds down after volatile week, China NPC in focus
▼ + stars: | 2024-11-08 | by ( ) www.cnbc.com time to read: +4 min

The dollar further unwound some of its sharp gains from earlier in the week as traders closed out profitable bets on a Trump presidency after his election victory. That helped lift sterling back toward the $1.30 mark, while the yen similarly got some respite and hovered closer to the 153 per dollar level. Sterling last traded $1.2983, recovering from its fall to a roughly three-month low earlier in the week. Against a basket of currencies, the dollar ticked up 0.03% to 104.44, on track to gain just above 0.1% for the week. "All eyes are on what may emerge from China's policy toolkit after the conclusion of the NPC standing committee meeting."

Persons: Donald Trump's, Chancellor Olaf Scholz, Kerry Craig, Trump, Wells, Jay Bryson, Sterling, David Chao Organizations: White, National People's Congress, Trump, Federal Reserve, Morgan Asset Management, Traders, Bank of England, NPC, New Zealand, Asia Pacific, European Union Locations: U.S, Beijing, Germany, Wells Fargo, Japan, Invesco

On the campaign trail, he said Taiwan should pay the US for protection. But a second term for President-elect Donald Trump raises uncomfortable questions for Taiwan at a moment of mounting risks. Advertisement"I think, Taiwan should pay us for defense," Trump told Bloomberg Businessweek in June. Advertisement"There could well be a demand for Taiwan to 'pay' more for its own protection and perhaps to invest in the United States. "The good news for Taiwan is that Taiwan has bipartisan support in the US Congress," Chin said.

Persons: Donald Trump, —, Lai Ching, Lai, Trump, Tsai Ing, Wen, Xi Jinping, he's, Chong Ja Ian, Biden, Abrams, Benjamin Blandin, Blandin, James Chin, Chin, Zhu Fenglian, Zhu, Taiwan's, Ting Yeh Organizations: Service, Taiwan, US, Bloomberg Businessweek, Wall Street, National University of Singapore, Pentagon, Air Missile Systems, Patriot, Yokosuka Council, Pacific Studies, Trump, University of Tasmania, China's Taiwan Affairs Office, Taiwan Watch, Nikkei, China Locations: Taiwan, Beijing, Taipei, China, United States, Yokosuka, Asia, Wall Street, Silicon Valley, Nikkei Asia, Ukraine

Ties have been at their lowest point in decades amid disputes over trade, technology, Taiwan and Chinese aggression in the South China Sea. “We respect the choice of the American people,” the Chinese Foreign Ministry said in a statement earlier. A second Trump presidency “could mark a new beginning in China-U.S. relations if the chance that has been offered is not wasted,” state-run newspaper China Daily said in an editorial on Wednesday. But Chinese officials laser-focused on stabilizing their faltering economy are also mindful of the tariffs of 60% or more that Trump has vowed to impose on all Chinese imports. One person it may turn to for help is tech billionaire Elon Musk, a devoted Trump supporter with extensive business interests in China who is wildly popular there.

Persons: “, Xi Jinping, Donald Trump, Biden, Xi, Trump, China “, ”, Susan Walsh, Rick Waters, Kamala Harris, Waters, Trump’s, ” Waters, Harris, Mao Ning, Elon Musk, Ian Bremmer Organizations: Trump, ” Xinhua, Foreign Ministry, Eurasia Group, Democratic, ., China Daily, CNBC Locations: HONG KONG, Taiwan, South China, Beijing, China, Asia, Pacific, South Korea, Japan, Australia, U.S, China’s, New York, Houston, Chengdu

☆ Europe's markets head for mixed open as Trump win settles in; Fed, BoE decisions in focus
▼ + stars: | 2024-11-07 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +1 min

European markets are heading for a mixed open as global investors digest Donald Trump's presidential election win and political upheaval in Germany. They also await monetary policy decisions from the U.S. Federal Reserve and Bank of England. Global markets continue to react to Donald Trump's decisive election win, with U.S. stocks rallying Wednesday as Wall Street rejoiced the speedy conclusion of the presidential election. Central banks will be closely watched Thursday, with the Fed and BoE both expected to announce rate cuts. Scholz announced he would bring a vote of confidence to the German parliament on Jan. 15.

Persons: Donald Trump's, Germany's DAX, BoE, Chancellor Olaf Scholz, Christian Lindner, Lindner's, Scholz Organizations: U.S . Federal Reserve, Bank of England, France's CAC, IG, Global, Fed Locations: Germany, Asia, Pacific, U.S

☆ Japan's Nikkei set to retake 40,000 mark after Trump election victory; Hong Kong poised to slip
▼ + stars: | 2024-11-07 | by ( Lim Hui Jie | ) www.cnbc.com time to read: 1 min

The font entrance of the Tokyo Stock Exchange (TSE) in Tokyo, Japan, on Monday, Aug. 5, 2024. Asia-Pacific markets are set to mostly climb on Thursday, after former President Donald Trump won the White House, defeating Vice President Kamala Harris in the 2024 presidential election. NBC News projects that Trump will win at least 291 Electoral College votes, including key swing states of Pennsylvania, North Carolina and Georgia. Stocks surged in the U.S. after Trump's win, and the same phenomenon is set to repeat itself in Asia. Japan's Nikkei 225 is set to retake the 40,000 mark for the first time in about a month.

Persons: Donald Trump, Kamala Harris, Stocks Organizations: Tokyo Stock Exchange, White, NBC News, Trump, Electoral, Japan's Nikkei, Nikkei Locations: Tokyo, Japan, Asia, Pacific, Pennsylvania, North Carolina, Georgia, U.S, Chicago, Osaka

☆ Inside the Army's $16 million war games built to battle china
▼ + stars: | 2024-11-07 | by ( Graham Flanagan | ) www.businessinsider.com time to read: +1 min

As tension builds in the Indo-Pacific region, the United States Army trains warfighters to be ready for combat in the event of a military conflict with China. The event, known as JPMRC, or Joint Pacific Multinational Readiness Center, pits the Army's 3rd Infantry Brigade Combat Team, known as the Bronco Brigade or Bluefor, against an opposing force, Opfor, played by another brigade of Army soldiers in a sprawling war-games exercise held across the Hawaiian islands. Flanagan follows Bluefor's Charlie Company as it braces for battle with Opfor on the desolate, lava-rock-laden Pohakuloa Training Area on the island of Hawaii. Charlie Company's ranking noncommissioned officer is 1st Sgt. Stewart Fletcher, an eccentric and seasoned combat veteran who now leads a new generation of soldiers who have yet to experience the reality of war.

Persons: Graham Flanagan, Opfor, Flanagan, Charlie, Charlie Company's, Stewart Fletcher Organizations: United States Army, Army's Jungle, Army's 25th Infantry Division, Royal Thai Army, New Zealand Defence Force, Pacific Multinational Readiness, 3rd Infantry Brigade Combat Team, Bronco Brigade, Charlie Company Locations: China, Oahu, Hawaii

☆ Gold hits over 3-week low as dollar gains on Trump win; Fed verdict looms
▼ + stars: | 2024-11-07 | by ( ) www.cnbc.com time to read: +2 min

A one-kilogram gold bar sits at Gold Investments Ltd. bullion dealers in this arranged photograph in London, U.K., on Wednesday, July 29, 2020. Gold prices touched a more than three-week low on Thursday, as the dollar strengthened after Donald Trump's win in the U.S. presidential election, while focus was also on the Federal Reserve's interest rate decision later in the day. Spot gold fell 0.1% to $2,656.34 per ounce, as of 0327 GMT, after hitting its lowest level since Oct. 15 earlier in the session. Bullion hit a record high of $2,790.15 last week and has lost more than $130 since then. Still expect prices to hit $3,000 next year," said Peter Fung, head of dealing at Wing Fung Precious Metals.

Persons: Donald Trump's, Bullion, Trump, Kelvin Wong, OANDA's, Peter Fung Organizations: Gold Investments, U.S, Asia Pacific, Metals Locations: London, Asia

☆ Army drill sergeant rates 11 more boot camp scenes in movies and TV
▼ + stars: | 2024-11-07 | by ( Margaret Guzman | David Ibekwe | ) www.businessinsider.com time to read: +1 min

Retired US Army drill sergeant Lamont Christian rates more boot-camp scenes in movies and TV shows. He additionally looks at US Army basic training scenes in "In the Army Now" and "Biloxi Blues," starring Christopher Walken and Matthew Broderick. Christian served in the US Army for 33 years as a combat infantryman with a cumulative experience of 11 years working in various positions within the basic training environment. He retired in 2018 as the command sergeant major of Fort Jackson, the Army's main training center for basic combat training. He is now the director of the Warrior PATHH program at the Big Red Barn Retreat, where he helps veterans experiencing post-traumatic stress.

Persons: Lamont, Jack Webb, Lee Ermey, Bradley Cooper, Clint Eastwood, Christopher Walken, Matthew Broderick, Christian, Major Payne, Damon Wayans Organizations: US Army, US Marine Corps, Navy SEALs, US Army Airborne School, Junior Reserve, Training Corps, LinkedIn Locations: Vietnam, Parris Island, Fort Jackson

☆ Southern California wildfires: 27 million people face ‘life-threatening’ fire warning
▼ + stars: | 2024-11-07 | by ( Karina Tsui | ) edition.cnn.com time to read: +7 min

The National Weather Service issued a Red Flag warning until 6 p.m. Thursday – which is used to describe “extreme and life-threatening fire behavior.” The warning is expected to affect 27 million people in Southern California and the greater San Francisco Bay area. More than 14,000 people remain under evacuation orders, according to the Ventura County Sheriff’s Office. Kapoor added that fires are part of the “Los Angeles reality” and all professors could do was follow guidance from emergency officials and reassure students. The Mountain Fire in Ventura County, California, has damaged or destroyed several homes, officials said. More than 11,000 Southern California Edison customers across five counties had power shut off Wednesday morning.

Persons: Dustin Gardner, Trevor Johnson, haven’t, Gavin Newsom, Christina Noren, Paul Boutin, Boutin, ”, Noren, Catherine Opie, Nathan Oliveira, Brent Estabrook —, she’ll, Paul, Qian Weizhong, Komal Kapoor, Kapoor, CNN’s Taylor Romine, Emma Tucker, Robert Shackelford, Chris Boyette, Mary Gilbert Organizations: CNN, National Weather Service, Montecito Fire Department, Ventura County Fire, Emergency Management Agency, California’s Department of Forestry, Fire Protection, Ventura County Sheriff’s, Pepperdine University, Los Angeles Fire Department, Montecito, Cal Fire, Southern California Edison Locations: Southern California, San Francisco Bay, Ventura County, Los Angeles, Ventura, Santa, Camarillo, California, Camarillo Heights, Pismo Beach, Noren . California, Malibu, Angeles, Ventura County , California, Southern

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