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☆ Ngai Yeung — Dow Jones News Fund Reporting Intern at The Wall Street Journal
▼ + stars: | 2023-08-17 | by ( Ngai Yeung | ) www.wsj.com time to read: 1 min

Ngai YeungNgai Yeung is a Dow Jones News Fund reporting intern and part of the summer 2023 newsroom intern class at The Wall Street Journal. Ngai is a recent graduate of the University of Southern California, where she studied journalism and political economy. She previously interned for Bloomberg News and the South China Morning Post. She also has written for Poynter and the Los Angeles Times, and worked as a data reporter for Crosstown covering campaign finance and business in Los Angeles.

Persons: Ngai, Ngai Yeung, Poynter Organizations: Dow Jones News Fund, Wall Street, University of Southern, Bloomberg News, China Morning, Los Angeles Times Locations: University of Southern California, Los Angeles

Xinhua/Shutterstock‘Absolutely safe’As heavy rains moved toward the region in late July, China’s top flood control officials met to hash out their response plan. The flood was caused by flood water discharge, not by heavy rainfall.”CNN has reached out to the Zhuozhou and Bazhou governments for comment. Rescuers use rubber boats to transfer Zhuozhou residents trapped by flood waters after days of downpours brought by Typhoon Doksuri on August 2. In the recent rains, at least three upstream reservoirs released flood waters into rivers flowing into Baiyingdian from the west and the south, according to state media. Many countries have systems that involve discharging pent up flood waters into otherwise dry land after major storms.

Persons: Xi Jinping, Xi’s, ”, It’s, Xiong’an, Jade Gao, Ni Yuefeng, downpours, Typhoon Doksuri, Zhai Jujia, Li Guoying, Hongzhang Xu, Xiao, Li Na, Zhu Xudong, it’s, Xiong’an –, Xu, Baiyangdian Lake, Kevin Frayer, “, Meili Feng, Simon Song, Deng Xiaoping, Jiang Zemin, Xu Kuangdi, Yi Haifei, Andrew Stokols Organizations: CNN, Xinhua, Getty, Censors, China News Service, China’s, Water, Australian National University, Authorities, China’s Ministry of Water Resources, Hebei Provincial Department of Water Resources, Geographical Sciences, University of Nottingham, Shanghai’s Pudong New, Chinese Academy of Sciences, Urban Computing Center Locations: Beijing, China, Hebei, Xiong’an’s, Xiong'an, Zhuozhou, AFP, Bazhou, Xiong’an, Tianjin, ”, Xinhua, Baiyingdian, Baiyangdian, Mississippi, University of Nottingham Ningbo, “, Hebei province, Shenzhen, Shanghai’s Pudong, Shanghai

Economists say China needs measures to boost consumption and business confidence, such as tax cuts or government-funded consumption vouchers, but add that unlike previous slowdowns, there is no quick fix. Wang's comments came after weak economic activity data on Tuesday fuelled concern that China is heading for a deeper, longer slowdown. The private sector accounts for 60% of gross domestic product and 80% of urban employment, officials say. But there is a growing disconnect between officials calling for investment and a sweeping national security crackdown that is denting business confidence, diplomats in China say. One example was a recent anti-espionage law, accompanied by raids on some foreign consultancy firms, that sent waves of anxiety through the foreign business community.

Persons: Xi Jinping, Tingshu Wang, Joe Biden, Biden, Xi, Christopher Beddor, Wang Wenbin, Wang's, Lee Smith, Baker Donelson, Xu Chenggang, Xu, Laurie Chen, Yew Lun Tian, Martin Quin Pollard, John Geddie, Robert Birsel Organizations: REUTERS, Rights, GAP, State, U.S . Department of Commerce, Stanford University's Center, Chinese Communist Party, Thomson Locations: Beijing, China, Rights BEIJING, U.S, loggerheads, Taiwan

Construction workers take a nap in front of a wall of a construction site during their lunch break in Beijing, China, May 5, 2015. REUTERS/Kim Kyung-Hoon /File PhotoAug 15 (Reuters) - China suspended publication of its youth jobless data on Tuesday, saying it needed to review the methodology behind the closely watched benchmark, which has hit record highs in one of many warning signs for the world's second-largest economy. Fu Linghui, a spokesman for the National Bureau of Statistics (NBS), said the release of data would be suspended while authorities look to "optimise" collection methods. "The declining availability of macro data may further weaken global investors' confidence in China," said Ting Lu, chief China economist at Nomura, adding that youth unemployment was expected to have risen in July. The most recent NBS data on youth unemployment, published last month, showed the jobless rate jumping to a record high of 21.3% in June.

Persons: Kim Kyung, Fu Linghui, Fu, Ting Lu, Tuesday's, Laurie Chen, Albee Zhang, Muralikumar Anantharaman, Sam Holmes, Gerry Doyle Organizations: REUTERS, National Bureau of Statistics, Nomura, China News Service, Thomson Locations: Beijing, China, Weibo

☆ One Championship CEO: Zuck Is 'Legit' Fighter, Far Outclasses Musk
▼ + stars: | 2023-08-14 | by ( Cheryl Teh | ) www.businessinsider.com time to read: +3 min

ONE Championship CEO Chatri Sityodtong says Mark Zuckerberg is a "legit" fighter. A prominent martial-arts CEO says he's seen Mark Zuckerberg fight, and that Elon Musk should be really nervous about his chances in the ring. However, there is a wide disparity in skill level and fitness level," Chatri told the SCMP. Chatri also had some fighting words for Elon Musk. "If he really wanted to fight Mark, he wouldn't be making up all these conditions, excuses, and stipulations," Chatri said.

Persons: Chatri Sityodtong, Mark Zuckerberg, Zuckerberg, Musk, Chatri, he's, Elon, Sityodtong, Elon Musk, goading Zuckerberg, Mark, hasn't Organizations: Morning, ONE, South China Morning, Palo, Meta, Twitter Locations: Elon

☆ China's military claims to have found a way to build a laser weapon that can fire indefinitely
▼ + stars: | 2023-08-14 | by ( Marianne Guenot | ) www.businessinsider.com time to read: +5 min

Armies around the world are testing high-energy laser weapons to intercept targets. If their claims are true, it would mean that China has leapfrogged ahead of the US in developing high-energy laser weapons that could be used on the battlefield. The capability China's military scientists claim to have developed, however, has not yet been seen in action. Laser beams can heat up gas in the air, which can reduce the quality of the beam and cause damage inside the laser chamber, according to the report. The Marines have tested a Compact Laser Weapons System in the range of 2 to 10 kilowatts, and the Air Force has received high-energy laser pods for its fighter jets.

Persons: Steve Weaver, Lockheed Martin Organizations: Service, China Morning, National University of Defence Technology, Optica Sinica, British, Energy, Lockheed, US Department of Defense's, US Army, Marines, Air Force, Defense Department, Office Locations: China, Wall, Silicon, Hunan, Optica, United States, Portland

BEIJING, Aug 6 (Reuters) - China's decision to join international talks in Saudi Arabia this weekend seeking to end Russia's war in Ukraine signals possible shifts in Beijing's approach but not a U-turn in its support for Moscow, analysts say. "Beijing will not want to be absent from other credible peace initiatives that are led by non-Western countries." China did not attend the talks in Copenhagen in late June, despite being invited and having proposed its own 12-point plan for peace. Ukrainian Foreign Minister Dmytro Kuleba called Li's involvement a "considerable breakthrough", according to Ukrainian media. While China's move was good for its image, Singapore-based analyst Li Mingjiang said Beijing would be looking to fine-tune its positions.

Persons: Yun Sun, Li Hui, Xi Jinping, Qin, Vladimir Putin, Dmytro Kuleba, Shen Dingli, Shen, China's, Li Mingjiang, Li, Geng Shuang, Moritz Rudolf, Yale Law School's Paul Tsai, Laurie Chen, Martin Quin Pollard, Greg Torode, William Mallard Organizations: NATO, Stimson, Qin Gang, People's Liberation Army Rocket Force, U.S, Ukrainian, Rajaratnam, of International Studies, United Nations, Security, Yale Law, Yale Law School's Paul Tsai China Center, Thomson Locations: BEIJING, Saudi Arabia, Ukraine, Moscow, Beijing, Denmark, Russia, China, Washington, Jeddah, Copenhagen, Shanghai, Singapore

☆ The founder of Apple's key supplier said the US stock market would collapse in '10 seconds' if war breaks out in Taiwan. He deleted the comment within hours of posting it.
▼ + stars: | 2023-08-03 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

Foxconn founder Terry Gou said the US stock market would crash in 10 seconds if war were to break out over Taiwan. China claims self-ruled Taiwan — the world's top chip supplier — as its territory. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. China claims self-ruled Taiwan — the world's top chip supplier — as its territory and has been ramping up military drills around the island. Gou did not immediately respond to a request for comment from Insider sent to his verified Instagram account.

Persons: Terry Gou, Thomas Friedman, Friedman, Gou Organizations: Service, Wall, Facebook, New York Times, Hai Precision Industry, Bloomberg, Taiwan's, KMT, China Morning Post Locations: Taiwan, Ukraine, China, Wall, Silicon, Russia, Gou, Foxconn

☆ Jack Ma started off as a school teacher and built China's Amazon. But 3 years after Beijing cracked down on his tech businesses, Ma's now turned to farming.
▼ + stars: | 2023-08-01 | by ( Huileng Tan | ) www.businessinsider.com time to read: +2 min

Alibaba cofounder Jack Ma has invested in a new agrotech company in China. Ma largely vanished from public view since angering Beijing with a critical speech in October 2020. During his disappearance, Ma traveled the world and studied agrotech. Alibaba cofounder Jack Ma is leading an active retirement. Ma, a teacher turned tech titan, retired from Alibaba in 2019 but still sits on the board of the Jack Ma Foundation.

Persons: Jack Ma, Ma Organizations: Morning, South China Morning, Marine Technology, Culture Co, Tokyo College, Alibaba, Jack Ma Foundation Locations: China, Beijing, Hong Kong, Tokyo, Tianyancha, Zhejiang, Hangzhou, Spain, Netherlands, Japan, Thailand

In his address, Xi said the military must broaden its combat capability and readiness, the official Xinhua news agency reported. "We need to push for new equipment and new forces to accelerate forming combat capabilities and integrate into the combat system," Xi told the Peoples Liberation Army Air Force's western theatre command during a visit last Wednesday, Xinhua reported on Sunday. Marking the anniversary on Tuesday, an editorial in the official PLA Daily newspaper said the military had "enhanced its ability to carry out diversified military tasks in a wider space". "When the Chinese military conducts an exercise, it is showing force - it is bestowing or sending a message to other countries," he said. At sea, China is readying its aircraft carriers to extend and assert its power beyond its home waters.

Persons: Xi Jinping, Florence, HONG KONG, Xi, Song Zhongping, Drew Thompson, National University of Singapore's Lee, Thompson, Tsai Ing, Kevin McCarthy, China's J, Shi Yunjia, Greg Torode, Albee Zhang Organizations: Communist Party of China, Military Museum of, REUTERS, People's Liberation Army, PLA, Xinhua, Peoples Liberation Army Air, PLA Daily, National University of Singapore's, National University of Singapore's Lee Kuan Yew, of Public, Reuters, People's, of Army, U.S, House, China Morning Post, Western, Thomson Locations: Beijing, China, HONG, Tuesday's, Russia, United States, U.S, Washington, Taiwan, Japan, Shandong, Fujian, South Korea, Guam

☆ China's tech crackdown cost over $1 trillion. But the economy is in such deep trouble that the country's cozying up to its tech firms again.
▼ + stars: | 2023-07-31 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

China's tech crackdown wiped $1.1 trillion off the valuation of its Big Tech firms. China's economy is struggling to recover after three years of on-off COVID-19 lockdowns. China cracked down on the country's tech sector in 2020, taking down its Big Tech, whose market value has been wiped by $1.1 trillion. But now, authorities are laying out the red carpet for the same firms because the economy is in deep trouble. Local governments in China are wooing tech giants with at least five recent deals to build on the so-called "platform economy," the South China Morning Post reported on Sunday.

Persons: NetEase, Yin Li, Kuaishou, Yin Yong, Daniel Zhang, Lei Jun, Alibaba, Jack Ma Organizations: Big Tech, Morning, China Morning Post, Sunday, Communist Party Locations: China, Beijing, Hangzhou, Tianjin, Shenzhen

☆ India now has AI news anchors. I tuned in and within the first 5 minutes, it's clear that news presenters are in serious trouble.
▼ + stars: | 2023-07-25 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +2 min

Even so, I feel news presenters should now be very worried about their job security. AI-generated anchors presented the news in India for the first time in April, the South China Morning Post reported. One of them, named Lisa, is now a news presenter on Odisha TV, a local station broadcasting in eastern India. Today, Lisa joins the legion of other AI-generated presenters employed by newsrooms in Indonesia, Taiwan, Kuwait, Malaysia, and China. Odisha TV's managing director, Jagi Mangat Panda, told the South China Morning Post, "Lisa is going to be a great partner.

Persons: Lisa, isn't, Odisha TV's, Jagi Organizations: China Morning Post, Twitter, newsrooms, South China Morning Locations: India, Indonesia, Taiwan, Kuwait, Malaysia, China

The planned recipient of the colorful batik top was Chinese foreign minister Qin Gang, who has not been seen in nearly a month and is set to miss at least one other important meeting, in South Africa, next week. It is not clear whether even then Borrell would meet Qin as initially planned, the official said. The former aide to President Xi Jinping was appointed foreign minister in December after serving less than two years as ambassador to the United States. Qin's absence has also been widely discussed in the diplomatic community, with some saying it is another example of China's lack of transparency. Some diplomats have even started to speculate on who may replace Qin, with three telling Reuters the ranking vice foreign minister, Ma Zhaoxu could be a candidate.

Persons: Qin Gang, Qin, Yun Sun, Mao Ning, Wang Yi, Josep Borrell, Wen, Xi Jinping, Antony Blinken, Ma Zhaoxu, Ma, Wang, Xie Feng, Xie, Laurie Chen, Martin Quin Pollard, Yew, Tian, Kate Lamb, Gabriela Baczynska, Andrew MacAskill, John Geddie, Robert Birsel Organizations: China Program, Stimson, Reuters, EU, Australian National University, Qin, Baidu, London School of Economics, United, Aspen Security Conference, Thomson Locations: BEIJING, JAKARTA, China, Indonesia, Jakarta, South Africa, Washington, Johannesburg, Britain, United States, Beijing, Sri Lankan, United Nations, Brussels, London

What is the Naadam festival? “Naadam means ‘games’ in the Mongolian language and it includes three main competitions, Mongolian wrestling, archery and horse racing,” he explains. The Naadam games took place virtually for two years, from 2020-2021, because of the pandemic. Kyodo/APIn addition to the major festivities held in Ulaanbaatar, there are Naadam games – of different scales – held across Mongolia in the countryside. A female archer strikes a pose at a small Naadam festival at the Three Camel Lodge in Mongolia's Gobi Desert in 2019.

Persons: Genghis Khan, Here’s, Naadam, It’s, ”, “ Naadam, Genghis, Barry Lewis, –, Yesunge, Tessa Chan, Alison Wright, David, Goliath, Wu Hong Organizations: CNN, Manly Games, Nomadic Expeditions, “, UNESCO, Intangible, Heritage, Humanity, South China Morning, Mongolian Government, Mongolian, Mongolia, Archery, Kyodo, AP, Archery Field, Shutterstock Locations: Mongolia, gers, Mongol, Ulaanbaatar, Uliastai, Western Mongolia, South, Mongolian, Australia, New Zealand, Ulaanbataar

☆ A recent drill hints at the lessons China's military is learning from the war in Ukraine
▼ + stars: | 2023-07-17 | by ( Minnie Chan | South China Morning Post | ) www.businessinsider.com time to read: +3 min

Zhou Chenming, a researcher with the Beijing-based Yuan Wang military science technology think tank, said the PLA was learning from the Russian army, especially about the use of drones. Retired PLA instructor Song Zhongping said the scenarios in the CCTV programme appeared to mirror combat conditions in Ukraine. "The Ukraine war has inspired many militaries in their modernisation efforts," Song said. "The PLA has kept a close eye [on the Ukraine war] to update training." The 82nd Army Group, formerly the 38th Army Corps, is mainly responsible for the security of Beijing.

Persons: Liu Chen, Liu, Zhou Chenming, Yuan Wang, VCG, Zhou, Song Zhongping, Wu Xiaofei, Wu Organizations: Service, PLA, Army's 82nd Army Group, Changchun Air Show, 82nd Army Group, 38th Army Corps, CCTV Locations: Ukraine, Wall, Silicon, Hebei province, Beijing, Russian, Ukrainian

[1/2] A participant applies rainbow coloured facepaint before a 5.17 km run to mark International Day Against Homophobia in a park in Beijing, China, May 17, 2018. Thirteen diplomats from nine Western and Asian delegations said that the challenges they face when arranging events about gender equality and LGBT issues, or broader cultural activities, showed how China's red lines have shifted. Some recent Chinese actions around foreign missions drew widespread attention, including a warning from authorities aimed at embassies displaying Ukraine flags. Three diplomats told Reuters the incident had made them more careful about meeting with civil society figures. "A case could be made that the intentional disruption of embassy activities violates one or the other of these provisions, if not both," he said.

Persons: Thomas Peter, Xi, Guy Saint, Jacques, Peter Stano, Yaqiu Wang, Wang, Yu Wensheng, Xu Yan, Joseph Klingler, Foley Hoag, Laurie Chen, Yew Lun Tian, Brenda Goh, Engen Tham, David Crawshaw Organizations: REUTERS, Reuters, China's Foreign Ministry, Vienna Convention, Diplomatic Relations, of Public Security, Europe, UNESCO, United Nations, Coordinator's, Beijing LGBT Center, Human Rights Watch, Police, European Union, EU, Thomson Locations: Beijing, China, BEIJING, SHANGHAI, Canada, Vienna, Ukraine, Western, Joseph Klingler , Washington, Shanghai

☆ Elon Musk praises China's AI developments at state-backed conference sponsored by US-sanctioned companies
▼ + stars: | 2023-07-06 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

Elon Musk appeared via video link at the World AI Conference in Shanghai, per Bloomberg. The government-hosted conference is sponsored by Huawei and SenseTime – both sanctioned in the US. Elon Musk praised China's developments in AI as he discussed the technology at a government-backed conference on Thursday, Bloomberg reported. Musk appeared on screen at the World AI Conference in Shanghai, which is hosted by Chinese government ministries, per South China Morning Post. According to Reuters, Musk met with China's sixth highest-ranked leader, Vice Premier Ding Xuexiang — believed to be the first time he's met one-on-one with a foreign CEO.

Persons: Elon Musk, Musk, –, Ding Xuexiang —, he's, Vivek Ramaswamy, Tesla, Twitter Organizations: World AI Conference, Bloomberg, Huawei, SenseTime, Morning, China Morning, Amazon Web Services, IBM, Microsoft, Qualcomm, US, Shanghai, —, Reuters, Chinese Communist Party Locations: Shanghai, China, Xinjiang, Western China

☆ Five Guys debuts in South Korea to long waits and one person reportedly attempting to sell a burger meal for $76
▼ + stars: | 2023-06-30 | by ( Aaron Mcdade | ) www.businessinsider.com time to read: +3 min

The popular burger chain Five Guys opened its first location in South Korea earlier this week. Hundreds of customers were lined up before the store opened, per local media reports. One customer went viral for trying to resell two burgers and a large order of fries for $76 online. The burger market in South Korea has grown in recent years, and Five Guys joins Shake Shack as the newest popular American chain to expand to the country. Five Guys has previously opened stores in China, Singapore, and several other countries across Europe and Asia, per its website.

Persons: —, Karl Kim, Kim, South Korea Philip Goldberg, Il Ryu Organizations: Service, Washington, South Korean, Korea Herald, China Morning, Dangguen Market, Washington Post, South, Twitter Locations: South Korea, Korea, Seoul Monday, China, Singapore, Europe, Asia

☆ Legendary emerging markets investor Mark Mobius — who's known for his bullish views on China — is now setting his sights on India
▼ + stars: | 2023-06-21 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

Legendary emerging markets investor Mark Mobius is bullish on India. He told Bloomberg that India — whose GDP growth hit 7.2% in the last year — is the "real future." "To me, India is the real future," Mobius, the cofounder of Mobius Capital Partners, told Bloomberg on Tuesday. Mobius told the news outlet he wasn't put off by a short-seller report targeting the Adani conglomerate earlier this year. "I was at the Expo in Dubai and one of the boy bands was entertaining and it's an Arab audience and they all knew the words," Mobius told Bloomberg.

Persons: Mark Mobius, He's, —, China, Mobius, wasn't, he's wasn't Organizations: Bloomberg, India, Service, Mobius Capital Partners, Fox Business, HSBC, South China Morning Post Locations: India, Korea, China, Taiwan, Beijing, Shanghai, Dubai

☆ The future of travel: 10 concepts that will change the way we experience the world
▼ + stars: | 2023-06-20 | by ( Kate Springer | ) edition.cnn.com time to read: +22 min

Concepts that feel plucked from sci-fi novels and films are quickly making their way into mainstream travel, shaping every step of the journey. Seamus PayneLike air travel, eco-conscious hotels are paving the way for more sustainable travel in the future. HyperloopTTUS entrepreneur Elon Musk has been talking about hyperloop technology – an ultra-high-speed transport system in a low-pressure vacuum tube – for years. Meanwhile, Toronto-based TransPod hopes to bring hyperloop technology to Canada with its eponymous tube-based transportation system powered by renewable energy. By 2025, the company plans to build a 620-mile-per-hour TransPod link between Calgary and Edmonton, connecting the two cities in 45 minutes.

Persons: Elijah Nouvelage, Indira Gandhi, Paris Charles de Gaulle, Austin Farmer, we’ll, don’t, David ”, you’ll, Alexander the Great, ” Michael Breer, KAWS, collectables –, Breer, ” Breer, You’ve, ” Jetson, Peter Ternstrom, Apollo, Cruise, ”, what’s, Boom’s, –, Seamus Payne, room2, Marcel Breuer, Tesla, charades, Yusaku Maezawa, Elon Musk, hyperloop, Virgin Hyperloop, HyperloopTT, Hardt Hyperloop Organizations: CNN, Travel, Hartsfield, Jackson Atlanta International Airport, Bloomberg, Getty, Dubai International Airport, Hong Kong International Airport, Indira, Indira Gandhi International, European Union, Emirates, Dubai International, American Airlines, United, Delta, Bluetooth, Alaska Airlines, Lufthansa, Qatar Airways, Specterras Productions, CNN Travel, VR, Aircraft, Federal Aviation Administration, Baidu, Hyundai, Las, CNN Travel ., Alphabet Inc, Beta, International Civil Aviation Organization, Alice, DHL, Air New, Concorde, Japan Airlines, Bauhaus, CEH Technologies, Origin, SpaceX, International Space, NASA, Galactic, Space Training Academy, Nastar Center, Boring Company, Virgin, Hyperloop Transportation Technologies, China Morning Post, China Aerospace Science, Industry Corporation, European Hyperloop Center Locations: Singapore, Dubai, Tokyo Narita, Tokyo Haneda, Delhi, London Heathrow, Paris, Dutch, Europe, Florence, Palmyra, Machu Picchu, New York, Ehang, China, Boston, Las Vegas, Motional, Phoenix, San Francisco, Los Angeles, North America, Austin, Beijing, Chongqing, Wuhan, Shanghai, Guangzhou, Mexico, Air New Zealand, Denver, New York City, Frankfurt, LA, Sydney, London, New Haven , Connecticut, Hungarian, Norway, Red, Saudi Arabia, Amsterdam, Chicago, Cleveland, Pittsburgh, Shanxi province, Netherlands, Toronto, Canada, Calgary, Edmonton

☆ Jack Ma appears at an Alibaba event in China days after an executive says he's 'alive' and 'happy'
▼ + stars: | 2023-06-18 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +2 min

Ma taught his first class at the University of Tokyo last week, per the South China Morning Post. Jack Ma has popped up at an Alibaba event, just a few days after its president described him as "alive" and "happy." Hong Kong's South China Morning Post reported he took his first class on June 12 at the institution. He's well, he's happy. He's teaching at a university in Tokyo, spending more time in China," he said, per CNBC.

Persons: Jack Ma, Ma, Michael Evans, Jack Organizations: Alibaba, Bloomberg, University of Tokyo, China Morning, Damo Academy, China Morning Post, CNBC Locations: Hangzhou, Thailand, Bangkok, Beijing, China, Tokyo

Bob Pickard, a Canadian national and former global communications chief for the AIIB, announced his resignation in a scathing social media post on Wednesday. The AIIB earlier on Wednesday said it had accepted Pickard's resignation and called his comments "baseless and disappointing. China's foreign ministry and Canada's embassy in China did not immediately respond to requests for comment. China is an important member of the AIIB and has always followed multilateral rules and procedures, the embassy said. The clash marks a new dip in bilateral relations between Canada and China, which have been frosty for the last five years.

Persons: Bob Pickard, Xi Jinping, AIIB, Pickard, I've, Michaels, Chrystia Freedland, Laurie Chen, John Geddie Organizations: Infrastructure Investment Bank, Chinese Communist Party, Canadian, World Bank, Reuters, Communist, Party, Canadian Finance, Ottawa, Beijing, Thomson Locations: BEIJING, Beijing, Ottawa, Canada, Japan, China, China's, Canadian, Shanghai, Toronto, Lincoln

Exports and factory output in the world's second-largest economy tumbled in May, as looming downturns force the United States and Europe to pare back orders for goods made in China. Some factories closed or are struggling to pay wages or severance for laid-off workers as a result, according to Chinese labour researchers. "We believe that the drop in manufacturing orders and that factory closures will continue," said Aidan Chau, researcher at Hong Kong-based rights group China Labour Bulletin (CLB). Labour unions were central to the Communist Party's proletariat beginnings but play only a marginal role in modern authoritarian China. However, some analysts say factory strikes could become a political headache for the Party.

Persons: pare, Aidan Chau, CLB, Dian, Xin Dian, Zhong Min, Xu Tianchen, Xu, Laurie Chen, Nicoco Chan, Marius Zaharia, Sam Holmes Organizations: China Labour Bulletin, Min, Goods Shenzhen Ltd . Co, Dian Cable Ltd . Co, Reuters, China's Ministry of Public Security, Ministry of Human Resources, Shenzhen, China Federation of Trade Unions, Manufacturers, Workers, Security, Labour, Party, Economist Intelligence Unit, Thomson Locations: BEIJING, United States, Europe, China, Hong Kong, Guangdong province, Shenzhen, Communist, Beijing, Shanghai

☆ A political drama series on Netflix has sparked a #MeToo wave in Taiwan
▼ + stars: | 2023-06-14 | by ( Reena Koh | ) www.businessinsider.com time to read: +4 min

The Taiwanese Netflix political drama "Wave Makers" has sparked a #MeToo wave in Taiwan. It triggered a series of sexual assault allegations that have rocked Taiwan's political scene. download the app Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy PolicyA new Taiwanese political drama series on Netflix that premiered on April 28 has sparked a #MeToo wave in Taiwan. This line threw open the floodgates to a wave of sexual assault allegations. As part of the #MeToo wave, Chien also came forward with her own sexual assault story in a Facebook post on June 2.

Persons: —, Let's, Chen Chien, Chen, Hsu Chia, Chen Mei, Yan Chih, Lin Nan, Tsai Mu, Hsu, Tsai Ing, Tsai, Chien Li, Chien, Yan Shi, Lin Chun Organizations: Netflix, Service, Washington Post, Democratic Progressive Party, China Morning, University Locations: Taiwan, Washington, China

☆ A sushi chain is suing a teen who licked a soy sauce bottle for nearly half a million dollars. His lawyer argues the teen never meant for footage of the incident to go viral.
▼ + stars: | 2023-06-10 | by ( Lina Batarags | ) www.businessinsider.com time to read: +2 min

In a viral video, the teen was licking a soy sauce bottle and touching sushi. It's not an isolated incident: Sushi terrorism is on the rise. Food and Life Companies, which owns Akindo Sushiro, is worth $363.8 billion. Akindo Sushiro operates 610 branches in Japan and employs more than 47,000 people across full-time and part-time roles. A spokesperson for Akindo Sushiro declined Bloomberg's request for comment.

Persons: —, Akindo Sushiro, Insider's Aaron McDade, Sushiro Organizations: Service, Food, Life Companies, NHK, Japan's, China Morning Post Locations: Japan, Osaka, China

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