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China will ban the import of food from about one-fifth of Japanese prefectures for safety reasons, Chinese customs said on Friday, citing Japan's move to discharge nuclear contaminated water into the sea. China customs said it would continuously strengthen the detection and monitoring of radioactive substances to ensure the safety of food imported from Japan in banning food from 10 prefectures. The move was to prevent the export of radioactive contaminated Japanese food to China and protect the food safety of Chinese consumers' imports, China said. For weeks China had publicly voiced strong opposition to Japan's move to discharge treated radioactive water from its crippled Fukushima nuclear plant into the sea. China customs said the report did not fully reflect the views of all the experts involved in the assessment process, and the conclusions were not unanimously endorsed by the experts.
Persons: Japan's Organizations: International Atomic Energy Agency Locations: Hokkaido, Japan, Suzhou, Jiangsu Province, China
SEOUL, July 7 (Reuters) - South Korea's government said on Friday it respected the U.N. nuclear energy watchdog's review of Japan's plan to discharge treated radioactive water from the tsunami-wrecked Fukushima plant into the ocean and said it met international standards. Seoul announced its own assessment after the International Atomic Energy Agency (IAEA) gave the greenlight this week to Japan's plan, despite concerns over safety in some neighbouring countries and signs of a consumer backlash. "Therefore the plan meets international standards including those of the IAEA," he said. The plan to discharge the treated water from the Fukushima plant is also expected to "not have any meaningful impact on our ocean areas," Bang said. The announcement comes as Rafael Grossi, director general of the IAEA, is due to arrive in South Korea on Friday for a three-day visit to explain the agency's findings after it approved Japan's plan this week.
Persons: Bang, Yoon Suk Yeol, Rafael Grossi, Jin, Hyunsu Yim, Choi, Ed Davies Organizations: Seoul, International Atomic Energy Agency, Coordination, IAEA, Democratic Party, South Korean Foreign, Thomson Locations: SEOUL, Japan, South Korea, Tokyo
HONG KONG, July 5 (Reuters) - Beijing Fourth Paradigm Technology, an AI startup, has completed procedural work for a Hong Kong initial public offering, becoming only one of a handful of companies to get the nod from China's securities regulator since new rules became effective this year. The company has successfully completed the offshore listing filing process,according a July 3 filing on the China Securities Regulatory Commission (CSRC) website. Fourth Paradigm and one other company got the CSRC greenlight on July 3, adding to two other firms this year. Fourth Paradigm, also known as 4Paradigm, filed its fourth IPO application to the Hong Kong Stock Exchange in April. Fourth Paradigm counts Goldman Sachs (GS.N), Sinovation, Haitong International Investment and a number of state-backed funds as investors, the CSRC filing showed.
Persons: Goldman Sachs, Kane Wu, Edwina Gibbs Organizations: Paradigm Technology, Hong, China Securities Regulatory Commission, Hong Kong Stock Exchange, Commerce Department, International Investment, China International Capital Corp, CCB International, China Merchants Securities, Thomson Locations: HONG KONG, Beijing, Hong Kong
The Best Debit Cards for Kids and Teens
  + stars: | 2023-07-02 | by ( Kerri Anne Renzulli | ) www.wsj.com   time to read: +15 min
Banks, credit unions, financial technology companies and even investment firms all offer debit cards geared toward under 18-year-olds. With Greenlight, children receive a physical debit card with their name on it. In addition to its abundance of customizable features, Greenlight also rises above other kids debit cards thanks to the educational tools and games included in its app. This is possible because the Step Visa Card is not technically a debit card, though it functions very similarly. How we pickedTo pick Buy Side from WSJ’s Best Debit Cards for Kids and Teens, we looked at card options available to those under the age of 18, including prepaid debit cards, checking account-linked debit cards, secured credit cards and brokerage account-linked debit cards.
Persons: Kerri Anne Renzulli, they’ve, Banks, we’ve, Greenlight, Chase, it’s, Side’s, , Equifax, Roth Organizations: Community Federal Savings Bank, Capital, Teens, Chase, Teen, Fidelity, Learning, Kids
In the student loan case, the 6-3 conservative majority, including Barrett, concluded that the student loan law in question did not give the secretary of education the power to cancel broad swaths of loans. “Though this grant of apple-purchasing authority sounds unqualified, a reasonable clerk would know that there are limits,” she wrote. “For example, if the grocer usually keeps 200 apples on hand, the clerk does not have actual authority to buy 1,000 – the grocer would have spoken more directly if she meant to authorize such an out-of-the-ordinary purchase,” Barrett wrote. “In my view, the major questions doctrine grows out of these same commonsense principles of communication,” Barrett wrote. ““The broadly worded ‘waive or modify; delegation IS the HEROES Act, not some tucked away ancillary provision,” Kagan wrote, referring to the relevant student loan program statute.
Persons: Amy Coney Barrett, Joe Biden’s, , Barrett, , , ” Barrett, ” “, Justice Elena Kagan, Kagan, ” Kagan, BARRETT, BARRETT’s Organizations: CNN, Supreme Court
Four more Chinese developers get refinancing approval
  + stars: | 2023-06-28 | by ( ) www.reuters.com   time to read: +2 min
HONG KONG, June 28 (Reuters) - Four more property developers listed in mainland China said they have received approval to refinance via share placements totalling 19.9 billion yuan ($2.8 billion), in a sign of the regulatory effort to improve liquidity in the embattled sector. Tuesday's announcements of fundraising approval came as investors expect Beijing to unveil more stimulus to revive the crisis-hit property market as part of its broader goal of shoring up the economy. State-owned China Merchants Shekou Industrial Zone (001979.SZ) was the first to receive such approval on June 16. According to state media, for developers traded on the Shanghai bourse alone, 12 companies have announced plans to seek approval for equity refinancing totalling 40 billion yuan. ($1 = 7.2277 Chinese yuan renminbi)Reporting by Clare Jim; Editing by Stephen CoatesOur Standards: The Thomson Reuters Trust Principles.
Persons: Yan Yuejin, Clare Jim, Stephen Coates Organizations: China Merchants, Developments, Holdings, Greattown Holdings, Hubei Fuxing Science, Technology, D Institute, Shanghai bourse, Thomson Locations: HONG KONG, China, Beijing, State, Shanghai, Shenzhen, Hubei
Kate Brandt has been working since 2015 to make Google’s operations and products more sustainable and was named its chief sustainability officer in 2018. Early in her career, Brandt worked on climate and energy in the White House, the Pentagon and the Energy Department during the Obama administration. I kind of teared up and felt really excited to see this momentous occurrence in the climate movement. We’re going to see more and more opportunities—whether that’s for governments, for businesses, for nonprofits and NGOs—to use AI to really accelerate their climate work. Google’s total carbon footprint increased last year—what happened?
Persons: Kate Brandt, Brandt, Obama, Kate, I’ve, We’ve, Ben Gomes, Rochelle Toplensky Organizations: Pentagon, Energy Department, Google, UPS, Greenlight, Rainforest, Sustainable Business, Rochelle Locations: Washington, Paris, California, Muir Beach, U.S, Hamburg, Germany
New rules imposed in February force infant formula makers to invest heavily to re-make, test, certify and re-register their products for China, before potentially conducting new marketing campaigns. “The new standard requires higher product quality as well as stronger manufacturing techniques which are expected to eliminate many small-to-medium-size players,” said Quinn Mai, analyst at Euromonitor International, which estimates China’s infant formula market will fall 12.5% to $21 billion by 2025 due to shrinking demand. China's National Health Commission (NHC) cited infant safety when announcing the latest rules. Celia Ning, director at the nutrition research institute of formula maker Junlebao, said the registration process could "easily" take a year. Another, Fonterra (FCG.NZ), said it was progressing through the re-registration process but that infant formula made up a relatively small part of its China business, with declining birth rates and regulation driving industry consolidation.
Persons: , Quinn Mai, Jane Li, Li, Celia Ning, Junlebao, Ning, SAMR, Nestle, Marius Zaharia Organizations: Euromonitor, Health Commission, NHC, State Administration, Market, , Unicef, Companies, Abbott Laboratories, Reuters, New Zealand's Ministry, Primary Industries, Milk, Global, Nestle, Danone, HK, “ Companies, Thomson Locations: HONG KONG, China, Auckland, “ Beijing, India, U.S, Hong Kong, Beijing, Lincoln
FilmHedge closed in March on a $5 million funding round and has a $100 million credit facility. FilmHedge, an Atlanta-based fintech launched in February 2020, provides liquidity to productions with budgets ranging from $1 million to $50 million. It follows a $100 million credit facility from Coromandel Capital and Fallbrook Capital in 2022, which helps FilmHedge finance projects. "We have access to $100 million, but we see around $70 million in applicants per month," he said, "so we have to pass on a lot of deals." FilmHedge gave Insider a look at the 18-page pitch deck it used while raising its $5 million Series A round and $100 million credit facility — check it out here.
Persons: FilmHedge, Jon Gosier, fintech, May FilmHedge, Gosier, , Axios, FilmHedge hadn't Organizations: Hollywood, Netflix, Entertainment, Variety, Lionsgate, Disney, Collab, WOCStar, Savannah College of Art & Design, TriplePoint, Coromandel Capital, Fallbrook, Media Locations: Atlanta, Coromandel, Hollywood
The debt-ceiling bill includes reforms that aim to speed up construction on energy projects. It also claims a West Virginia pipeline is in the national interest — and pushes through its completion. The reforms in the bill include limiting the environmental permitting process to two years, along with requiring projects to name a single lead agency that would develop one master environmental review document. Now, the permitting reforms included in the deal would force federal agencies to approve all remaining permits for the pipeline and allow it to bypass the courts and fast-track construction. Manchin, who is also the chairman of the Senate Energy and Natural Resources Committee, plans to bring more comprehensive legislation to the Senate floor by the end of the summer.
Persons: , Kevin McCarthy, Raúl Grijalva, polluters, Grijalva, Melanie Stansbury, Stansbury, Sen, Joe Manchin, Tim Kaine, Kaine, Manchin Organizations: Service, Environmental, White, Sunday, Arizona, Natural Resources Committee, NEPA, Natural Resources, Infrastructure Law, Democratic, Senate, Senate Energy Locations: West Virginia, Virginia
HONG KONG, May 31 (Reuters) - ByteDance's short video app Douyin said on Wednesday that it has held preliminary talks with Dalian Wanda Group over the conglomerate's payments unit. Bloomberg reported on Wednesday, citing people familiar with the matter, that Wanda was in talks with prospective buyers include China's ByteDance to sell its digital payments licence for about 1 billion yuan ($144 million). A spokesperson for Douyin, the Chinese version of TikTok, declined to provide further comment beyond acknowledging the preliminary talks. Wanda bought its payments licence in 2014 from 99Bill in a deal that allowed visitors to Wanda's venues, from department stores to cinemas, to pay online. ($1 = 6.9121 Chinese yuan renminbi)Reporting by Josh Ye and Clare Jim in Hong KongOur Standards: The Thomson Reuters Trust Principles.
Persons: Wanda, Wang Jianlin, ByteDance, Josh Ye, Clare Jim Organizations: Dalian Wanda Group, Bloomberg, Douyin, Zhuhai Wanda Commercial Management Group, Thomson Locations: HONG KONG, Hong Kong, 99Bill
The conservative Democrat from West Virginia, who has been critical of the Biden administration’s environmental goals, praised the White House and congressional Republicans this week. “All of a sudden, [the White House] did their job, they negotiated. Manchin has been critical of Biden's climate goals, but praised the White House and congressional Republicans this week for their work on the debt ceiling deal. White House officials backed Manchin’s effort last year, and climate and energy officials – including White House senior adviser John Podesta and Energy Secretary Jennifer Granholm – voiced support for approving the pipeline more recently. A Hail Mary effort to remove itThere could be a last-ditch effort to undo the pipeline piece of the debt ceiling bill.
Persons: CNN — Sen, Joe Manchin’s, Virginia –, Manchin, Kevin McCarthy, ” Manchin, , Joe Biden’s, Justin Pearson, Kent Nishimura, Biden, , Abdullah Hasan, West Virginia’s Marcellus, James Van Nostrand, John Podesta, Jennifer Granholm –, Chuck Schumer, Mary, Sen, Tim Kaine, “ Sen, Kaine Organizations: CNN, Democratic, Democrat, Biden, White, Republicans, West, Appeals, Fourth Circuit, Keck, Environmental, Los Angeles Times, West Virginia University, White House, Energy, DC, Senate, Virginia Democrats, House, Republican, Kaine Locations: West Virginia, Virginia, Tennessee, clawing, West, Utica, Texas
The House Rules Committee voted to advance a bill dealing with the federal debt ceiling to the full House. Raising the debt limit, now $31.4 trillion, would allow Treasury to continue borrowing to pay the US's bills. Earlier, he said on "Fox and Friends" that "There's nothing in the bill for" Democrats — hardly a helpful statement for Biden. Top administration officials are heading to Capitol Hill to brief Democrats privately ahead of Wednesday's planned vote. "It is my expectation that House Republicans would keep their promise and deliver at least 150 votes as it relates to an agreement that they themselves negotiated," Jeffries said.
Persons: , Kevin McCarthy, Joe Biden, McCarthy, Democrats —, Biden, Wednesday's, Hakeem Jeffries, Jeffries, Scott Perry, Chip Roy, Nancy Mace, Pramila Jayapal, it's, Sen, Joe Manchin, Raul Grijalva, Chuck Schumer, McConnell, Schumer, Democratic Sen, Tim Kaine, Virginia, Janet Yellen, Aamer Madhani, Seung Min Kim, Farnoush Amiri, Darlene Superville, Mary Clare Jalonick Organizations: Treasury, Service, WASHINGTON, Republicans, Democrats, Caucus, Republican, Capitol, Fox, Office, Social Security, Democratic, Freedom Caucus, Liberal, Appalachia ., Congressional Progressive Caucus, Democrat, Natural Resources Committee, Senate, Senators, House, Associated Press Locations: Washington, Texas, Appalachia, Arizona, That's
Sen. Joe Manchin, a West Virginia Democrat, has long pushed for a controversial gas pipeline. The debt ceiling deal will likely force federal agencies to approve the project's remaining permits. The Democrat and his fellow West Virginia lawmakers have for years pushed for the completion of a controversial 303-mile pipeline that would carry Appalachian shale gas from northwestern West Virginia to southern Virginia. Virginia's Democratic lawmakers are staunchly opposed to the pipeline provision. He plans to file an amendment to remove this harmful Mountain Valley Pipeline provision."
Persons: Sen, Joe Manchin, , Joe Biden, Kevin McCarthy, Manchin, McCarthy, Manchin didn't, Virginia Sens, Tim Kaine, Mark Warner, Kaine, Jennifer McClellan, Kaine doesn't, John Podesta, Tim Kaine's Organizations: West, West Virginia Democrat, Service, Democrat, Republicans, Democratic, Appeals, Circuit, Democratic House, Washington Post Locations: West Virginia, Virginia, America
In other news:Tech workers are searching for low stress jobs on social media. Tech workers are looking for less stressful jobs. But one Amazon worker said there's "no such thing as [a] high pay low stress job in tech." Love Love Love: Award-winning engagement photos from around the world. Email dsiu@insider.com or tweet @diamondnagasiu) Edited by Alistair Barr (tweet @alistairmbarr) in San Francisco and Hallam Bullock (tweet @hallam_bullock) in London.
Hundreds of songs using AI vocals that sound like musician Grimes are set for release. It comes after Grimes said she'll split 50% of royalties for approved AI songs. One artist who's produced an approved song said it's a "dream come true." Hundreds of songs made using Grimes' AI vocal platform are set to hit Spotify and other streaming sites next month, the digital asset management platform CreateSafe said. "To have an official release with somebody that has influenced my musical identity, especially an AI release, is really just a dream come true.
Einhorn's Greenlight Capital took small stakes in New York Community Bancorp and First Citizens Bancshares in the first quarter, with each bet worth about $20 million, according to a regulatory filing. New York Community Bancorp's subsidiary, Flagstar, acquired Signature Bank assets after that bank was shuttered , while First Citizens bought a large portion of Silicon Valley Bank assets . New York Community shares are up nearly 20% this year, while First Citizens' stock has jumped more than 68% on the year. 'Big Short' Burry of "Big Short" fame snapped up a slew of regional banks last quarter, including New York Community Bancorp , Capital One Financial , Western Alliance , PacWest Bancorp and Huntington Bancshares during the first quarter. To make matters more confusing, the conglomerate dumped its remaining stakes in Bank of New York Mellon and U.S. Bancorp .
David Einhorn joined other big investors in shares in several regional bank stocks last quarter in a bet that the financial institutions would survive the industry crisis that felled Silicon Valley and First Republic banks. That's the bank whose subsidiary, Flagstar, acquired Signature Bank assets after that bank was shuttered. Einhorn's additions come amid a broad selloff of regional bank stocks on concern more institutions could fail as depositors withdrew assets and the value of banks' bond holdings narrowed. "Big Short" investor Michael Burry also bought regional bank stocks last quarter. Outside of the bank stocks, Einhorn notably increased exposure to Concentrix , Gulfport Energy and Tenet Healthcare .
"Right now, the permitting process for clean energy infrastructure, including transmission, is plagued by delays and bottlenecks. The White House is backing a bill by Manchin of West Virginia, who has grown more critical in recent months of the administration's attacks on the fossil fuel industry. The White House released a detailed fact sheet outlining reform measures its seeking, including helping clean energy projects like wind and solar get on the grid faster. Manchin's legislation sets a two-year limit on environmental reviews of major federal energy projects, including ones on fossil fuels and directs the president to designate at least 25 high-level energy projects and prioritize their permitting. The White House said it is using existing authorities to speed permitting of energy projects.
HOUSTON, May 8 (Reuters) - A U.S. court of appeals has granted Venezuela a temporary stay preventing six companies from joining a proposed court auction of shares in a Citgo Petroleum parent to enforce judgments for past expropriation of assets. The companies had won conditional attachments to a federal case in which the judge has approved a process to auction the shares to pay a $970 million judgment won by miner Crystallex. The six hold arbitration awards or judgments that total about $2.6 billion and wanted those awards to be included in the auction. The proposed auction, which could break up the seventh largest U.S. refiner to pay creditors, took a giant step forward last month with a greenlight from the U.S. Treasury. Washington has since recognized the opposition-led congress as the entity controlling the refining subsidiary, extending protection to prevent its breakup at the hands of Venezuela creditors.
This corporate greed has got to go!”Similar scenes of solidarity unfolded across the entertainment capital. The streaming giant, for instance, has become known for “mini-rooms,” which is slang for hiring small groups of writers to map out a season before any official greenlight has been given. Because it isn’t a formal writers room, the pay is less. Writers in mini-rooms will sometimes work for as little as 10 weeks, and then have to scramble to find another job. (If the show is greenlit and goes into production, fewer writers are kept on board.)
WASHINGTON, DC - FEBRUARY 27: Student loan borrowers gather at Supreme Court the evening before the court hears two cases on student loan relief to state the relief is legal and needs to happen immediately on February 27, 2023 in Washington, DC. "I expect the court will rule against the Biden administration," said Paul Collins, Jr., professor of legal studies and political science at the University of Massachusetts Amherst. "The Supreme Court is an incredibly ideological and partisan institution in 2023 — perhaps more so than at any other point in American history," he said. The White House has insisted that it's acting within the law, noting that the Heroes Act of 2003 grants the U.S. education secretary the authority to make changes to the federal student loan system during national emergencies. That act followed the 9/11 terrorist attacks, providing relief to federal student loan borrowers who'd been affected by those events.
REUTERS/Brian Snyder/File PhotoWASHINGTON, April 17 (Reuters) - The U.S. Supreme Court on Monday declined to hear Novartis Pharmaceuticals Corp's (NOVN.S) bid to revive a key patent on its blockbuster multiple sclerosis drug Gilenya that was invalidated amid a legal dispute with China's HEC Pharm Co Ltd (1558.HK). Novartis sued HEC and more than a dozen other generic drugmakers for patent infringement in Delaware federal court after they applied for FDA approval of Gilenya generics. Novartis settled with some of the drugmakers, allowing for some Gilenya generics before a key patent's 2027 expiration. The Supreme Court in October rejected a Novartis emergency bid to pause the decision. HEC responded that the Federal Circuit "followed its own rules," and that "no Federal Circuit judge - including the dissenter - suggested any procedural concern" with the decision.
That brings us to today's main story — economists say the official data coming out of Russia isn't painting an accurate picture of Putin's wartime economy. "These are the things that businesses deliver and consumers purchase in an economy, and they have been absorbing the impact. Our tracker shows a contraction of the Russian economy ahead of the official figures release precisely because we use high-frequency indicators from the private economy." Vehicle sales, imports, credit growth, home prices, and other measures all point to a much less robust regime since Vladimir Putin's war on Ukraine began. These four charts tell the story of how war has reshaped Russia over the last year.
"China was initially in discussions to be part of the project," the official said, declining to be named as the information was deemed sensitive. China has since banned the sale and consumption for food of wildlife animals. China's public security organs have handled more than 70,000 criminal cases involving wild animals from 2020-2022, confiscating 1.37 million wild animals in the process, state news agency Xinhua has reported. SLOW STARTThe SAFE project surveys only began in October last year, when the project's assessors visited Khao Kheow zoo and a cafe in Thailand. The wet markets targeted are markets where wild animals are sold alongside fresh meat and vegetables.
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