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COLOMBO, Sri Lanka (AP) — The U.S. announced a $553- million project Wednesday to build a new, deep-water shipping container terminal in the Port of Colombo as it competes with China in international development financing. The U.S.-backed financing comes at a time when Sri Lanka is struggling to recover from a dire financial and economic crisis. Sri Lanka borrowed heavily from China to build the port and other infrastructure including an airport and a city being built on reclaimed land. Both neighboring India and China are jostling for influence in Sri Lanka and both have already invested in expanding facilities at the Colombo port. Colombo port also has a terminal run by China Merchants Port Holdings.

Persons: ”, Scott Nathan, Sri Lanka’s John Keells, Lanka’s, Wang Wenbin, William & Mary, AidData, China's, saysChina, Bradley Parks, “, ” ___ Didi Tang Organizations: South, U.S . International Development Finance Corp, West, Local, Sri, Sri Lanka’s John Keells Holdings, Initiative, Foreign Ministry, China Merchants Port Holdings, CHEC Port City Colombo Co, China Communications Construction Company, William & Locations: COLOMBO, Sri Lanka, U.S, Port, Colombo, China, Bay, Bengal, Beijing, Hambantota Port, Hambantota, India, oceanside, Port City, Virginia, “ Beijing, Washington

☆ Developing countries owe China at least $1.1 trillion – and the debts are due
▼ + stars: | 2023-11-07 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +8 min

Hong Kong CNN —Developing countries owe Chinese lenders at least $1.1 trillion, according to a new data analysis published Monday, which says more than half of the thousands of loans China has doled out over two decades are due as many borrowers struggle financially. Now, 55% of China’s official sector loans to developing countries have entered their repayment periods, according to the analysis of more than two decades of China’s overseas funding across 165 countries released by AidData. Instead, China is providing substantial numbers of emergency rescue loans, according to AidData. Overall funding commitments from China to the developing world declined at the start of the pandemic, according to AidData. Half of China’s non-emergency lending portfolio to developing countries is now provided via syndicated loan arrangements, with more than 80% of these arrangements involving those Western or multilateral partners, they said.

Persons: William & Mary, Xi Jinping, ”, Brad Parks, Hajarah Nalwadda, ’ AidData, ” Parks, “ Organizations: Hong Kong CNN, William &, Initiative, AidData, CNN, “, Bank of International, Getty, World Bank Locations: China, Hong Kong, Virginia, Beijing, America, Southeast Asia, Switzerland, Kiryandongo, Uganda, Xinhua, United States, AidData, Zambia, Ghana

Reuters GraphicsMuch of China's growing rescue lending is denominated in renminbi, the report found, with loans in the Chinese currency overtaking U.S. dollars in 2020. Overdue payments to Chinese lenders have also risen. The arrangement is controversial because it gives China debt seniority, meaning other lenders, including multilateral development banks, could get paid second during any coordinated debt relief. Half of its non-emergency lending in 2021 was syndicated loans, 80% of that alongside Western banks and international financial institutions. Loan commitments to African countries fell from 31% of the total in 2018 to 12% in 2021, while lending to European countries almost quadrupled to 23%.

Persons: Tingshu Wang, AidData, Xi Jinping, —, Mary, Brad Parks, Rachel Savage, Clare Baldwin, Tomasz Janowski Organizations: REUTERS, Rights, Beijing, Initiative, People's Bank of China, State Administration of Foreign Exchange, Mary university, Reuters, Thomson Locations: Beijing, China, Rights JOHANNESBURG, HONG KONG, U.S, Sri Lanka, Zambia, renminbi, Africa

☆ BioNTech cuts 2023 revenue target on reduced prospects for vaccine
▼ + stars: | 2023-11-06 | by ( ) www.reuters.com time to read: +3 min

The logo of BioNTech is pictured at Biontech's research laboratory for individualised vaccines against cancer in Mainz, Germany, July 27, 2023. In a statement on Monday, the German biotech company cut its outlook for full-year COVID-19 vaccine revenues to about 4 billion euros from 5 billion previously expected and the 17.2 billion reported last year. But the reduced revenue prospects prompted the Mainz-based company to cut its 2023 research and development (R&D) budget for the second time, forecasting a range from 1.8 to 2 billion euros, down from between 2 and 2.2 billion euros laid out in August. Third-quarter revenues were 895 million euros, broadly in line with an analyst consensus compiled by LSEG and down from 3.46 billion from a year earlier. ($1 = 0.9306 euros)Reporting by Ludwig Burger, Editing by Rachel More and Barbara LewisOur Standards: The Thomson Reuters Trust Principles.

Persons: Wolfgang Rattay, Jens Holstein, LSEG, BioNTech, Ludwig Burger, Rachel More, Barbara Lewis Organizations: REUTERS, Pfizer writedowns, Pfizer, Thomson Locations: Mainz, Germany, FRANKFURT

☆ Cross-Tabs: October 2023 Times/Siena Poll of the 2024 Battlegrounds
▼ + stars: | 2023-11-06 | by ( ) www.nytimes.com time to read: +19 min

[READ LIST]Thinking about the investigations into Donald Trump, do you think that Donald Trump has or has not committed any serious federal crimes? (Split 2) Do you think Donald Trump has the mental sharpness to be an effective president? (Split 2) Do you think Donald Trump has the personality and temperament to be an effective president? (Split 2) Do you think Joe Biden has the personality and temperament to be an effective president? [READ LIST]Do you think Donald Trump is good for democracy, bad for democracy, or neither good nor bad for democracy?

Persons: †, Donald Trump, Joe Biden, Donald Trump's, Tell, Donald Trump’s, Joe Biden’s, Trump, Biden, Fielding, ReconMR Organizations: Pennsylvania, Wisconsin Party, Siena College Research Institute, Republican, Trump, Democratic, Democrat, New York Times, The New York Times, statehouse, Research, University of North, Institute for Policy, Roanoke College, The Times, • Party, Times Locations: Arizona, Georgia, Michigan, Nevada, Dominican, Puerto Rican, American, Ukraine, China, America, U.S, Mexico, United States, Siena, Arizona , Georgia, Nevada , Pennsylvania, Wisconsin, Arizona , Michigan, Pennsylvania, University of North Florida, State

☆ Telegram rarely bans channels. Israel-Gaza forced it to step in.
▼ + stars: | 2023-11-01 | by ( Matthew Loh | ) www.businessinsider.com time to read: +7 min

It has also restricted two of Hamas' official channels on Android and iOS devices. Restrictions, not bans — but rare for Telegram nonethelessTelegram, which is known for its message encryption and lax moderation, restricted two official Hamas channels on Android devices earlier this month. The impact of banning Telegram channels remains to be seenAs for Hamas, Telegram has been under pressure for weeks to cut the militant group from its services. Before the restrictions, Hamas' official Telegram channels saw a three-fold jump in followers after the attacks, the Digital Forensic Research Lab reported. Notably, Hamas channels are not the only ones spreading content related to the October 7 attacks, and some of those channels are still available on the platform.

Persons: —, Pavel Durov, Durov, it's, It's, Abu Obaida Organizations: Service, Telegram, Google, Jerusalem Post, Meta, Hong, Kremlin, Makhachkala International Airport, Morning, Apple, Middle East Media Research Institute, Capitol, Forensic Research, Wired, Digital Forensic Research Lab, Human Rights, Hamas, Brigades, DFRLab, CNBC, Washington Post, Palestinian Health Authority Locations: Israel, Ashkelon, Jerusalem, Hong Kong, Gaza, Russia, Dagestan, Tel Aviv, Makhachkala, Morning Dagestan

☆ UChicago psychologist shares his No.1 brain hack for critical thinking and memory skills: Think in a foreign language
▼ + stars: | 2023-10-28 | by ( Ece Yildirim | In Ecedyildirim | ) www.cnbc.com time to read: +4 min

Your second language presents a brain shortcutSpeaking in your native language is easy — and it can lull your brain into being less able to process information objectively, says Gallo. When that happens, you're stuck in a mindset Gallo refers to as "hot cognition," also known as "System 1 thinking." "When you are thinking in your second language, you are being very analytical and careful about the surface-level features of information," he explains. Using your second language acts as a quick shortcut into "Spock mode," Gallo says. It can help you avoid false memories and misinformationThe benefits of a second language extend beyond analytical thinking, says Gallo.

Persons: David Gallo, monolinguals, Gallo, Monolinguals, Boaz Keysar, —, Spock, It's, Rosetta Stone Organizations: University of Chicago, Research, CNBC

☆ A 2% global tax on all billionaires could raise $250 billion annually, a research report backed by a Nobel Prize-winning economist says
▼ + stars: | 2023-10-24 | by ( Grace Dean | ) www.businessinsider.com time to read: +4 min

Billionaires worldwide should have to pay a 2% wealth tax, the EU Tax Observatory says. AdvertisementAdvertisementBillionaires should have to pay a 2% global minimum tax imposed by governments, researchers at the EU Tax Observatory say. They listed the tax as a key proposal in their Global Tax Evasion Report and argued that it would raise close to $250 billion annually. Its researchers said that the tax would mimic the 15% global minimum tax introduced for multinational companies. Currently the world's billionaires collectively pay around $44 billion a year in individual income taxes and wealth taxes, the researchers wrote.

Persons: Joseph Stiglitz, —, Stiglitz Organizations: EU, Service, European Union, Paris School of Economics, London School of Economics, King's College Locations: King's College London

☆ Views on Hamas' military Telegram channel have increased tenfold since the war with Israel began
▼ + stars: | 2023-10-18 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +6 min

Hamas' social media following has surged since its attacks on Israel began this month. AdvertisementAdvertisementIn the small digital enclave they have left, the engagement on official Hamas social media accounts is booming, with followers skyrocketing and video views through the roof. AdvertisementAdvertisement"Earlier this week, Hamas used Telegram to warn civilians in Ashkelon to leave the area ahead of their missile strikes. Off Telegram, pro-Hamas posts surgeEven on platforms where Hamas doesn't have official accounts, posts that encourage or sympathize with the militant group have risen sharply after Israel declared war on Hamas following Hamas' attacks on October 7. The DSA includes YouTube, Instagram, and Facebook — but not Telegram — among the very large social platforms it subjects to additional security obligations.

Persons: —, skyrocketing, Elon Musk's, Pavel Durov, Durov, doesn't, Israel, Meta, Linda Yaccarino Organizations: Service, Facebook, Elon, European Union, Hamas, CNN, Atlantic, Forensic Research, Telegram, Meta, YouTube, Twitter, Representatives, Digital Services, DSA Locations: Israel, United States, Ashkelon, Algerian, Europe, Gaza

But its following has surged on popular messaging app Telegram since its October 7 terror attack on Israel. Hamas is a designated foreign terror organization in the United States, and new internet laws in the European Union mean large social media platforms can face penalties for hosting terroristic content. Hamas’ growing audienceThe Telegram channel for Hamas’ military wing, the al-Qassam Brigades, had about 200,000 followers at the time of the attack. Fishman said while the huge growth in the number of people following Hamas’ Telegram accounts is concerning, it doesn’t mean all the followers are supporters – pointing out that many journalists, researchers and others are likely following the accounts. And that could make it more difficult for plaintiffs to use legal action to force Telegram to remove Hamas content.

Persons: –, Brian Fishman, Fishman, Hamas ’, Pavel Durov, Durov, ” Durov, John Bergmayer, Thierry Breton, didn’t Organizations: CNN, Brigades, Google, Hamas, European Union, Hamas ’, Atlantic, Forensic Research, Meta, Capitol, Facebook, Twitter, ISIS, Communications, Republicans, European, Digital Services, European Commission Locations: Israel, United States, European, Russian, Dubai, Russia, Ashkelon, US

Hailed by Xi as a “project of the century,” the BRI has emerged as a glaring symbol of China’s rise as a global power. Chinese investment in BRI projects has tapered off as the world’s second-biggest economy slows. The opening ceremony of Cambodia's Morodok Techo National Stadium, funded by China's Belt and Road Initiative, in Phnom Penh on December 18, 2021. Later that year, Xi pledged that China would not build any new coal-fired power projects abroad. The BRI has also spurred other countries to increase their own efforts toward supporting infrastructure projects in the developing world.

Persons: Russia’s Vladimir Putin, Xi Jinping, Xi, –, Cambodia's, Lon Jadina, William & Mary, Marshall, China, ” Organizations: Beijing CNN, Initiative, China's, Getty, BRI, Boston, Global, Policy, William &, Marshall Plan, Global Development Policy Center, World Bank, Global Development, United Arab, European Union Locations: Beijing, China, Israel, Asia, Latin America, Africa, Europe, Ukraine, United States, Phnom Penh, AFP, Papua New Guinea, Kenya, Sri Lanka, West Africa, America, Southeast Asia, Hambantota, Saudi Arabia, United Arab Emirates, France, Germany, Italy, East

☆ The UK Labour Party has a Biden-esque economic plan — but it's very different to Bidenomics
▼ + stars: | 2023-10-16 | by ( Elliot Smith | ) www.cnbc.com time to read: +6 min

LIVERPOOL, U.K. - Oct. 11, 2023: Britain's main opposition Labour Party leader Keir Starmer applauds a speaker the final day of the annual Labour Party conference in Liverpool, northwest England, on October 11, 2023. Paul Ellis | Afp | Getty ImagesLONDON — The U.K.'s main opposition Labour Party last week set out the economic platform it hopes will propel it to power at next year's general election, and the transatlantic parallels were clear. Reeves promised last week to "rebuild Britain" as the party seeks to de-risk business investment in emerging technologies with a new national wealth fund, maintaining an active state while harnessing private investment to drive economic growth. Labour's desired parallels to "Bidenomics" were discussed at a host of fringe events throughout the conference in Liverpool, particularly with regards to the "crowding in" of private investment — a Keynesian economic theory that suggests increased government spending can spur increased private investment. Just because the policies may be oriented towards boosting infrastructure and investment, unless they have that debt finance component, it's not Bidenomics."

Persons: Keir Starmer applauds, Paul Ellis, Keir Starmer, Starmer, they're, Rachel Reeves, Joe Biden's, Reeves, Britain —, Biden, Kallum Pickering, Liz Truss, Truss, Rishi Sunak, Pickering, it's Organizations: LIVERPOOL, Labour Party, Afp, Getty, Labour, U.S, Biden administration's, U.S . Treasury, CNBC, Bank of England, Conservative Party, U.S ., University of Pennsylvania Locations: Liverpool, England, America, Britain, Germany, France

“Getting information from social media is likely to lead to you being severely disinformed,” said Ahmed. Everyone from US foreign adversaries to domestic extremists to internet trolls and “engagement farmers” has been exploiting the war on social media for their own personal or political gain, he added. “Bad actors surrounding us have been manipulating, confusing and trying to create deception on social media platforms,” Dan Brahmy, CEO of the Israeli social media threat intelligence firm Cyabra, said Thursday in a video posted to LinkedIn. The dynamic simultaneously highlights the business models of social media and the role the companies play in carefully calibrating their users’ experiences. ‘Be very cautious about sharing’Despite giving the impression of reality and truthfulness, Brookie said, individual stories and combat footage conveyed through social media often lack the broader perspective and context that journalists, research organizations and even social media moderation teams apply to a situation to help achieve a fuller understanding of it.

Persons: ”, Gazans, Pepe, Imran Ahmed, Ahmed, “, Dan Brahmy, ‘, ’ Graham Brookie, Islamophobic, Elon Musk, it’s, ” Imran Ahmed, ” Brian Fishman, ” Linda Yaccarino, “ We’ve, Andy Stone, Snapchat, TikTok, ” Ahmed, ” Brookie, Brookie Organizations: New, New York CNN, CNN, —, Twitter, European Union, Facebook, YouTube, Center, LinkedIn, Digital Forensic Research, Atlantic Council, European Commission, European, Digital Services Locations: New York, Israel, Russia, Ukraine, London, Egypt, Islamophobic, Washington ,, United Kingdom, United States

Research shows women in richer economies are more likely to have children if they work. Prime Minister Giorgia Meloni - Italy's first female premier - has said women are "an untapped resource" that lessens the need for immigrant labour. Yet her conservative government's 2024 budget, to be presented on Monday, is not expected to include measures to drive change. According to a government report relating to 2021, nearly one in five Italian women aged under 50 left their job after having their first child. SPANISH SUCCESSMeloni's government could learn from Spain, whose female activity rate lagged Italy's in the early 1990s but is now above the EU average.

Persons: Guzzo, Vittoria, Claudia Greco, Elena, Claudia Goldin, Giorgia Meloni, Claudia Olivetti, Enza Guzzo, Gian Carlo Blangiardo, Blangiardo, Giancarlo Giorgetti, Olivetti, Paola Profeta, Katharine Neiss, Valentina Za, Elisa Anzolin, Giuseppe Fonte, Catherine Evans Organizations: REUTERS, European Union, Reuters, Research, Dartmouth College, ISTAT, Bank of, EU, France's, Milan's Bocconi University, AXA Research, Treasury, Thomson Locations: Arese, Italy, MILAN, Bank of Italy, Rome, Barcelona, Spain, Milan

☆ Why the hydrogen tax credit has become a lightning rod for controversy
▼ + stars: | 2023-10-13 | by ( Catherine Clifford | In Catclifford | ) www.cnbc.com time to read: +16 min

The proposed tax credit, 45V, is meant to turbocharge the production of low-emissions hydrogen. "The IRA's section 45V production tax credit is the most generous clean hydrogen subsidy in the world," Jesse Jenkins, professor of macro-scale energy systems at Princeton University, told CNBC. John Macdougall | Afp | Getty ImagesThe adjudication of the hydrogen tax credit has become about more than just the hydrogen tax credit, too. The amount of the hydrogen tax credit, which is available for 10 years, depends on the emissions generated in making hydrogen. If hydrogen is produced without releasing any carbon emissions, the tax credit is maxed out at $3 per kilogram of hydrogen.

Persons: that's, It's, Jesse Jenkins, John Macdougall, Wilson Ricks, Jenkins, Ricks, Rachel Fakhry, electrolyzers, Andriy Onufriyenko, Eric Guter, Josef Kallo, H2FLY, Guter, Phil Musser, Shannon Angielski, Angielski, Shi, Fakhry Organizations: Istock, Treasury, Princeton University, CNBC, Daimler Truck Holding, Afp, Getty, Energy, Research, Princeton, Natural Resources Defense Council, Power, Singularity, Air Products, Bloomberg, Air, Products, Hydrogen Company, European, EU, NextEra Energy, Hydrogen Future Coalition, BP, Duke Energy, Exxon Mobile, General Electric, Siemens Energy, American, Shell, Hydrogen, Coalition Locations: Biden's, United States, U.S, Berlin, additionality, Maribor, Slovenia, Oxagon, Saudi Arabia, Wilbarger County , Texas

REGULATORY SCRUTINYWhile disinformation has spread on all major social media platforms including Facebook and TikTok, X appeared to be the most recent to draw scrutiny from regulators. On Tuesday, European Union Commissioner Thierry Breton warned Musk that X was spreading "illegal content and disinformation," according to a letter Breton posted on X. Musk himself recommended that X users follow two accounts that had previously spread false claims for "real-time" updates on the conflict, the Washington Post reported. False information has also spread on messaging app Telegram and short-form video app TikTok, said DFRLab's Trad. Like other online platforms, YouTube has moderation employees and technology to remove content that violates its rules.

Persons: Dado Ruvic, Ruslan Trad, X, Bruno Mars miscaptioned, Thierry Breton, Breton, Musk, Renee DiResta, Jack Brewster, Brewster, Tamara Kharroub, DFRLab's Trad, TikTok, Solomon Messing, there's, Messing, Kharroub, Sheila Dang, Riniki Sanyal, Deepa Babington Organizations: Twitter, REUTERS, Elon, European Union, Reuters, Atlantic, Forensic Research, Hamas, Meta, Facebook, European, EU, Stanford Internet Observatory, Washington Post, Washington, Arab Center Washington DC, New York University's Center for Social Media, YouTube, Thomson Locations: Israel, American, New, Dallas, Bangalore

CNN has requested comment from Musk and X on the posts related to the Israel-Gaza conflict. Community notes allow users on X to fact-check false posts on the platform. While notes were appended to both of these false posts, they often come after a false post has been viewed thousands – or in some cases millions – of times. “In times of war, social media becomes a propaganda battlefield; there is always an element of disinformation and exaggeration,” said Emerson Brooking, senior resident fellow at the Atlantic Council’s Digital Forensic Research Lab. He said other platforms that have little or no guardrails including the social media messaging app Telegram are also hotbeds of misinformation, but X is unique given Musk’s behavior.

Persons: Musk, influencer Jackson Hinkle, Hinkle, Benjamin Netanyahu, ”, Israel, Emerson Brooking, ” Brooking, ” Joe Galvin, ” Galvin, X Organizations: CNN, Elon, White, Washington, Pentagon, Jerusalem Post, Directorate, Defamation League, Atlantic, Forensic Research, “, monetization, Twitter Locations: Israel, Ukraine, Russia, Gaza, Azerbaijan

☆ I'm a 16-Year-Old Founder Who Raised $450K for My AI Startup
▼ + stars: | 2023-10-09 | by ( Ashley Couto | ) www.businessinsider.com time to read: +6 min

Pranjali Awasthi, 16, came up with her startup while interning in university research labs. Because of the pandemic, my high school had gone virtual, so I was able to intern for about 20 hours a week. In 2020, OpenAI released its ChatGPT-3 beta, and I knew we could use it to make extracting and summarizing research data easier. My parents told me I should take the opportunity – the network alone would be worth it, so I took an absence from high school. I wanted to get a GED, but we compromised on me finishing my high school credits online, which I completed in June 2023.

Persons: Pranjali Awasthi, —, OpenAI, Delv.AI, Lucy Guo, Dave Fontenot, I'd, Hunt, We've, We're, it's, I'm, I've Organizations: Service, Florida Internal University, Miami Locations: Florida, India, San Francisco, Miami, Deck

JoeBen Bevirt is an evangelist for the new industry and the founder and CEO of Joby Aviation Inc., which delivered its first eVTOL to the Air Force last month. What will you learn from how the Air Force uses it? There will certainly be valuable learnings and the operational experience, the feedback from the Air Force pilots to the FAA flight-test pilots. Q. Joby announced in September that you’re going to build a $500 million production facility in Dayton, Ohio, with up to $325 million in state and local incentives. You’ve got Wright-Patterson Air Force Base, which is the home of the Air Force Research Laboratory and AFWERX (the Air Force’s technology-innovation program).

Persons: Bevirt, We’ve, Davis, that’s, we’ve, don’t, Joby, you’re, Wright, You’ve Organizations: Joby Aviation Inc, Air Force, Toyota, Associated Press, University of California, Joby Aviation, Federal Aviation Administration, FAA, NTSB, National Transportation Safety, Patterson Air Force Base, Air Force Research Laboratory, Boeing, Airbus Locations: Santa Cruz , California, California, Dayton , Ohio, Dayton, Ohio, Joby

☆ UK opposition Labour announces sweeping economic reforms in promise to 'rebuild Britain'
▼ + stars: | 2023-10-09 | by ( Elliot Smith | ) www.cnbc.com time to read: +2 min

LIVERPOOL, England — Britain's main opposition Labour party on Monday vowed to "rebuild Britain" if it wins the 2024 General Election, as Shadow Finance Minister Rachel Reeves announced a host of new economic pledges aimed at stimulating growth. The lifeblood of a growing economy is business investment," Reeves said, further cementing the party's recalibration in recent years as a centrist, pro-business alternative to the ruling Conservatives. Truss and then-Chancellor Kwasi Kwarteng opted not to seek an independent appraisal from the OBR, breaking with traditional norms of economic policy. Labour holds around a 20-point lead over the Conservatives across most major polling, with the ruling party damaged by a string of scandals and the fallout from Sunak's predecessor Liz Truss's "mini-budget." In order to catalyze and de-risk business investment, Labour would create a new national wealth fund, Reeves also announced.

Persons: Rachel Reeves, Jeremy Hunt, Reeves, Liz Truss, Kwasi Kwarteng, Rishi Sunak, Liz Truss's Organizations: Labour, Shadow, Conservative Party Locations: LIVERPOOL, England, Britain, Liverpool, France, Germany, America

☆ China has poured billions into Africa’s infrastructure. Is it now tightening the tap?
▼ + stars: | 2023-09-26 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +11 min

The impact of those funds is felt across Africa, where residents in major cities like Lagos, Nairobi and Addis Ababa now transit daily via railways, highways and airports built in recent years with Chinese loans and often by Chinese construction firms. But understanding how much money is flowing out of China into global development is notoriously tricky as Beijing doesn’t share this data openly and a wide range of financial entities play roles. How all this plays out could have a significant impact on developing countries’ access to much-needed infrastructure funding. China is also navigating the second decade of the Belt and Road amid stark economic challenges at home. China in 2017 released guidance on promoting a “green” Belt and Road, which called for sustainable development and strengthening environmental protection.

Persons: laud, Xi, Roberto Matchissa, Oyintarelado Moses, ”, Moses, Ammar A, Malik, “, Austin Strange, Yasuyoshi Chiba, AidData’s Malik, HKU’s Organizations: Hong Kong CNN, Initiative, Boston University Global Development, Center, Getty, CNN, Global China Initiative, Global Development Policy, William, Mary’s Global Research Institute, University of Hong, Global Development Locations: China, Hong Kong, Africa, Beijing, Lagos, Nairobi, Addis Ababa, Ukraine, Maputo, Katembe, Mozambique, AFP, Kazakhstan, Zambia, Ghana, University of Hong Kong, Kenya, United States, China’s

☆ Why we're looking past the FTC lawsuit to a flurry of bullish developments at Amazon
▼ + stars: | 2023-09-26 | by ( Paulina Likos | ) www.cnbc.com time to read: +6 min

FTC Chair Lina Khan, a long-time critic of Amazon, said Tuesday that the company "now takes one of every $2 that a seller makes." Amazon stock has climbed 51% this year, as the company has doubled down on efficiency. The update to Prime Video, which is a part of the Amazon Prime membership subscription, costs $14.99 per month. The new Prime Video ads could create a monetization opportunity of $6.6 billion to $8 billion in incremental revenue, according to Wedbush. And with over 200 million Amazon Prime members, Amazon remains one of the top spots for digital advertisers.

Persons: Lina Khan, Jim Cramer, Jim, we're, Anthropic, Morgan Stanley, Amazon's, Jim Cramer's Organizations: Federal Trade Commission, Amazon, FTC, Web Services, Club, Microsoft, Zoom Communications, AMZN, CNBC, Getty Locations: U.S

☆ Jim Cramer says the stock market is 'too negative'
▼ + stars: | 2023-09-26 | by ( Jeff Marks | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a Morning Meeting livestream at 10:20 a.m. The S & P has pulled back roughly 4% this month, a result of higher government-bond yields and a stronger U.S. dollar . "I think things are too negative," Jim Cramer said Tuesday. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .

Persons: Jim Cramer, I'm, Anthropic, We'll, Jim Cramer's, Jim Organizations: CNBC, Nasdaq, West Texas, Amazon Web Services, Costco Wholesale, Costco

☆ China's economic situation isn't as dire as it seems, and policymakers in Beijing were just expecting too much, economist says
▼ + stars: | 2023-09-25 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

China's economy isn't doing as bad as it seems, according to economist Nancy Qian. But Beijing has been disappointed due to outsized expectations for economic growth. Though it's weighed down by a bloated property sector and looming demographic problems, China's economic growth actually clocked in at 6.3% year-over-year over the second quarter, according to the Organization for Economic Cooperation and Development. That's the second-highest projected growth rate among countries tracked by the OECD, with the US, by comparison, slated to grow just 2.2% this year. AdvertisementAdvertisement"But is China's economy really in dire straits?

Persons: Nancy Qian, it's, That's, Qian Organizations: Service, Organization for Economic Cooperation, Development, OECD, Northwestern University, Northwester's, Research Lab, China Econ, Syndicate, Japan Locations: Beijing, Wall, Silicon, China, Italy, Spain, Sweden

☆ The US Air Force's plan to give its biggest planes new missions has gotten China's attention
▼ + stars: | 2023-09-22 | by ( Christopher Woody | ) www.businessinsider.com time to read: +8 min

US Air Force officials say they're pursuing a plan to drop "palletized effects" from cargo planes. Minihan said "palletized effects" could include much more than just "kinetic effects" like missiles. There's other kinetic effects, non-kinetic effects, jammers, that if it can fit in the back and can be air-launched" then it could be employed to deliver "decisive effects," Bauernfeind said. "When it comes to palletized effects, I'm not looking for big modifications. AdvertisementAdvertisementA palletized effects system in the air during a live-fire test in Norway in November 2022.

Persons: It's, Brandon Esau, Mike Minihan, Minihan, Tony Bauernfeind, Bauernfeind, Brandon Esau Minihan, Derek Solen, Solen, Brigette, Brigette Waltermire Solen Organizations: US Air Force, Service, Air Force, Air Force Research Laboratory, Air Force Special, Command, Air Mobility Command, Staff, Air and Space Forces, Washington DC, Air Force Special Operations Command, China National Defense, PLA, Communist, Military Commission, US Air, China Aerospace Studies, Science, US Air National Guard / Tech Locations: Wall, Silicon, China, Florida, Norwegian, Norway

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