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☆ Migrants’ Perilous Route to Europe Is at Its Busiest—and Deadliest—in Years
▼ + stars: | 2023-06-15 | by ( Chao Deng | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/migrants-perilous-route-to-europe-is-at-its-busiestand-deadliestin-years-260dd49b

Persons: Dow Jones, 260dd49b

☆ Why Hong Kong can’t cut loose from the US dollar just yet
▼ + stars: | 2023-06-13 | by ( Laura He | ) edition.cnn.com time to read: +11 min

Hong Kong CNN —Hong Kong’s currency is facing its biggest test since the global financial crisis of 2008. The steep fall is a sign that investors are ditching the Hong Kong dollar. The Hong Kong Monetary Authority (HKMA) is committed to keeping the Hong Kong dollar between 7.75 and 7.85 per greenback. People walk past the Hong Kong Monetary Authority (HKMA) on May 4, 2023, in Hong Kong, China. “Pegging the Hong Kong dollar to the US dollar encourages such transactions to be carried out in Hong Kong and under Hong Kong law, even if neither party is based in Hong Kong.”This helps to create jobs and prosperity in Hong Kong, while also benefiting mainland China.

Persons: Hong, hasn’t, Andy Xie, ” Logan Wright, Bill Ackman’s, Ackman, Wright, Peter Parks, Kong, Deng Xiaoping, Margaret Thatcher, outflows, Chi Lo, Chen Yongnuo, Hong Kong’s, ”, Richard Cookson ,, Boaz Weinstein, Daniel Fung, Rhodium’s Wright, Xie, Eddie Yue, Banks, John Greenwood, “, Greenwood, ” Greenwood Organizations: Hong Kong CNN, British, Hong, Traders, Hong Kong, Bill Ackman’s Pershing, Capital Management, Getty, Lehman Brothers, Hong Kong Monetary Authority, US Federal Reserve, Asia Pacific, BNP, Asset Management, Fed, China News Service, Rubicon Fund Management, Bloomberg, Saba Capital Management, National Security Law, CNN Locations: Hong Kong, United States, China, Hong, Beijing, AFP, Britain, “, ”, Riding

☆ Taiwanese minister to make rare Britain visit this week
▼ + stars: | 2023-06-11 | by ( ) www.reuters.com time to read: +2 min

TAIPEI, June 11 (Reuters) - Taiwan Digital Minister Audrey Tang will make a rare high-level ministerial trip to Britain this week where she is expected to visit government departments and meet a company specialising in low-earth orbit satellites, her ministry said on Sunday. The two sides will "exchange views on issues related to digital governance and digital industry cooperation", the ministry added, without giving details. Tang will also visit OneWeb, which specialises in low-earth orbit satellites, and hopes to bolster Taiwan's communications resilience plans, the ministry said. Taiwan Foreign Minister Joseph Wu is expected to go to Europe this week, too, where he will attend a security forum in Prague. The last Taiwanese minister known to have visited Britain was Taiwan's top trade negotiator John Deng, who went last June.

Persons: Audrey Tang, Tang, Elon Musk's, Joseph Wu, John Deng, Britain's, Trade Greg Hands, Tsai Ing, Taiwan's, Ben Blanchard, Edmund Klamann Organizations: Taiwan Digital, WHO, Twitter, London Tech, Britain's Department for Science, Innovation, Technology, Department for Business, Trade, Elon, Taiwan, State, Thomson Locations: TAIPEI, Britain, Taiwan, Beijing, China, Europe, Prague

☆ China's Tiananmen Square demonstrations and crackdown
▼ + stars: | 2023-06-04 | by ( ) www.reuters.com time to read: +4 min

Tanks rolled into the square before dawn on... Read moreJune 4 (Reuters) - Sunday is the 34th anniversary of China's bloody crackdown on pro-democracy demonstrations in and around central Beijing's Tiananmen Square, when Chinese troops opened fire on their own people. April 17: Protests begin at Tiananmen Square, with students calling for democracy and reform. May 13: Hundreds of students begin a hunger strike on Tiananmen Square. May 30: Students unveil a 10-metre (33 ft) high "Goddess of Democracy", modelled on the Statue of Liberty, in Tiananmen Square. June 5: An unidentified Chinese man stands in front of a tank convoy leaving Tiananmen Square.

Persons: Read, Hu Yaobang, Mikhail Gorbachev, Gorbachev, Zhao Ziyang, Li Peng, Wen Jiabao, Zhao, Li, Butcher, Yuan Mu, Deng Xiaoping, Ben Blanchard, Robert Birsel Organizations: Communist Party, of, Asian Development Bank, People, Paramount, Thomson Locations: Tiananmen, Beijing, China, Xian, Changsha, Shanghai, Great

Hong Kong CNN —Cathay Pacific Airways said Tuesday it had fired three cabin crew members after a passenger complained of discrimination on a flight from mainland China, an incident that angered Hong Kong officials and underscored the pressure on the city’s flag carrier to please Beijing. In a statement late Tuesday announcing the dismissals, Cathay Pacific (CPCAY) CEO Ronald Lam said he would personally lead a task force to improve service and avoid similar incidents in the future. A passenger walking to a Cathay Pacific counter at Hong Kong's international airport in 2018. The airline made headlines this week over an incident of alleged discrimination with a passenger from mainland China. In an editorial, it said there was “a question mark on how far Cathay Pacific can fly if their old problems remain unchanged.”— CNN’s Nectar Gan and Chris Lau contributed to this report.

☆ This 15-mile, $6.7B bridge is a symbol of China’s ambitions, and its problems
▼ + stars: | 2023-05-23 | by ( Chris Lau | ) edition.cnn.com time to read: +9 min

The Greater Bay Area is home to 68 million people, covers 21,800 square miles and encompasses 11 cities: Hong Kong, Macao and nine others including Zhongshan and Shenzhen. The Shenzhen-Zhongshan bridge project features artificial islands and an undersea tunnel. That bridge connects the mainland Chinese city of Zhuhai with gambling hub Macao and leading financial center Hong Kong. An aerial view of the world's longest cross-sea bridge, the Hong Kong-Zhuhai-Macao Bridge, in Zhuhai city, south China's Guangdong province, 19 March 2019. The latest bridge would connect two mainland Chinese cities that were already under the same regulations, he pointed out.

☆ Strongmen are riskier the more they stay in power
▼ + stars: | 2023-05-22 | by ( Hugo Dixon | ) www.reuters.com time to read: +7 min

The longer authoritarian leaders stay in power, the greater the risk they will make decisions that damage their economies. For example, the Turkish stock market rose nine-fold in dollar terms during Erdogan’s first decade in charge. Similarly, the Russian stock market rose five-fold in dollar terms during Putin's first 14 years in the Kremlin. Xi’s zero-Covid policy meant the Chinese economy had a bad year in 2022 when the rest of the world was rebounding. In the last nine years, the stock market has lost nearly 20% of its value in dollar terms.

☆ Libya Seeks U.S. Help in Fresh Effort to Recover Gadhafi Billions
▼ + stars: | 2023-04-23 | by ( Benoit Faucon | Chao Deng | ) www.wsj.com time to read: 1 min

A study estimates that as much as $120 billion in Libyan state assets was looted. Artifacts at a museum in Shahat, Libya. Photo: Abdullah Doma/Agence France-Presse/Getty ImagesLibya’s United Nations-backed government is asking Washington to help it recover tens of billions of dollars in state assets that it alleges were stolen by the country’s former dictator Moammar Gadhafi and his cronies and stashed around the world. Gadhafi ruled the oil-rich country for 42 years before he was ousted and killed and Libyan officials say family members and others close to him looted government coffers of cash, gold and rare antiquities. A 2016 study by Berlin-based Transparency International estimates as much as $120 billion was taken.

☆ Egyptians Struggle to Afford Food This Ramadan as Crisis Worsens
▼ + stars: | 2023-04-19 | by ( Chao Deng | Menna Farouk | ) www.wsj.com time to read: 1 min

CAIRO—Struggling to buy food for her family to break their fast one recent evening this Ramadan, Noura Ayad took her three children for a meal provided by a local charity in the historic part of the capital. “We ran out of chicken on the 10th day,” said Ms. Ayad. Her family lives on her husband’s meager driver’s income, which is quickly shrinking, hit by Egypt’s soaring inflation and collapsing currency. “We’re hardly surviving this crisis.”

☆ Saudi Arabia, Gulf Countries Want Better Returns for Bailing Out Egypt
▼ + stars: | 2023-04-07 | by ( Summer Said | Chao Deng | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/saudi-arabia-gulf-countries-want-better-returns-for-bailing-out-egypt-e6e8b047

☆ Big Oil Eyes New Deals in North Africa Amid Rising Energy Demand
▼ + stars: | 2023-03-23 | by ( Chao Deng | Benoit Faucon | ) www.wsj.com time to read: 1 min

North Africa’s massive oil-and-gas reserves and its proximity to Europe make it an attractive alternative energy supplier to Russia. CAIRO—After years of underinvestment in North Africa’s energy infrastructure, global oil-and-gas giants from Halliburton Co. and Chevron Corp. to Eni SpA are ramping up their presence in the region as demand from Europe grows. Executives in the industry are betting it is worth drilling again in some of the hardest places to do business in the world as Europe increasingly turns to other sources for its energy needs after shunning its main supplier, Russia, over the invasion of Ukraine. In recent months, a string of European officials have visited the region to help advance talks over potential supply deals.

☆ Rupert Murdoch is getting married for the fifth time at 92 years old. Here's a complete timeline of his past marriages.
▼ + stars: | 2023-03-23 | by ( Lauren Frias | ) www.businessinsider.com time to read: +1 min

Anna Murdoch MannRupert Murdoch with his wife, Anna and their baby daughter, Elizabeth, at London Airport in 1968 Evening Standard/Getty ImagesShortly after his divorce from his first wife, Murdoch met his soon-to-be second bride, Anna Murdoch Mann, whose maiden name was Torv. They first met when Murdoch Mann was 18 years old when she had the opportunity to interview Murdoch while she worked for the Sydney newspaper, The Daily Telegraph, which he owned. The media mogul and Scottish-Australian novelist were married for 32 years and had three children together, Elisabeth Murdoch, Lachlan Murdoch, and James Murdoch. Murdoch and Torv divorced in 1999. "I thought we had a wonderful, happy marriage," she said in an interview with Australian Women's Weekly in 2001.

☆ Rupert Murdoch is engaged to Ann Lesley Smith
▼ + stars: | 2023-03-20 | by ( Toyin Owoseje | ) edition.cnn.com time to read: +1 min

CNN —Billionaire media mogul Rupert Murdoch is preparing to walk down the aisle for the fifth time. The 92-year-old tycoon revealed he’s engaged to marry Ann Lesley Smith in an article published Monday in the New York Post, one of his own publications. Smith was previously married to Chester Smith, a country singer and radio and TV executive, who died in 2008. Murdoch was previously married to former flight attendant Patricia Booker, journalist Anna Murdoch and entrepreneur Wendi Deng. CNN has reached out to representatives of Murdoch and Smith for further comment.

☆ One country, two crypto systems: Hong Kong harbors crypto hub ambitions despite China's crackdown
▼ + stars: | 2023-03-20 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +5 min

Sopa Images | Lightrocket | Getty ImagesThe crypto industry has had a rough year with digital currency markets crashing and companies collapsing across the board. Hong Kong is planning to introduce new rules in June that will require crypto trading platforms to be licensed by the Securities and Futures Commission. Bitcoin ATMs, operated by Coinhero, in Hong Kong, China, on Wednesday, Dec. 21, 2022. While Hong Kong harbors high crypto ambitions and boasts relatively lower tax policy on businesses, the city could still potentially find competition with other crypto hubs. The logo of Bitcoin cryptocurrency at a store in Hong Kong on Thursday, Feb. 10, 2022.

☆ Egypt’s Military Is Under Pressure to Loosen Its Grip on Economy
▼ + stars: | 2023-03-19 | by ( Chao Deng | ) www.wsj.com time to read: 1 min

CAIRO—Outside the historic Ramses Railway Station, one of Cairo’s busiest intersections, more than a dozen food stalls and convenience stores sell a variety of goods, like croissants, peanuts, fresh fruit and meat. Behind this strip of business: the Egyptian military.

☆ Analysis: China's Xi takes 'diplomatic dance' to isolated Russia
▼ + stars: | 2023-03-18 | by ( John Geddie | ) www.reuters.com time to read: +5 min

"There's been kind of an increasingly pronounced diplomatic dance on China's part as the war has played out," said Andrew Small, senior fellow at the German Marshall Fund. The U.S. and European leaders have said intelligence showed China was considering sending arms to Russia, which Beijing has denied. Xi called Putin his "best friend" during a 2019 visit where they admired pandas in a Moscow zoo. It is not clear if there will be any such photo ops this time amid more serious business and the bloody Ukraine war. "Whatever support Xi gives to Russia will be on China’s terms," another European diplomat said.

☆ Analysis: China's Xi takes 'diplomatic dance' to Russia
▼ + stars: | 2023-03-18 | by ( John Geddie | ) www.reuters.com time to read: +5 min

☆ Xi Jinping Brings China’s Reform Era to an End
▼ + stars: | 2023-03-12 | by ( Lingling Wei | ) www.wsj.com time to read: 1 min

A decade into Xi Jinping ’s rule, the puzzle pieces of his designs for China are in place, marking a definitive end to Deng Xiaoping’s reform-and-opening era. Four decades ago, Deng, a short, stocky survivor of the Cultural Revolution, kicked off an effort to unshackle China from the ideological turmoil of Mao Zedong ’s rule, embrace capitalist forces and open China to the West.

☆ IMF, World Bank Pause Loans to Tunisia Amid Crackdown on Migrants
▼ + stars: | 2023-03-09 | by ( Chao Deng | ) www.wsj.com time to read: 1 min

Migrants at Tunis-Carthage International Airport prepare to leave Tunisia on a repatriation flight. A crackdown on political opponents and Black African migrants in Tunisia is complicating the country’s efforts to secure billions of dollars in critical loans and grants from the International Monetary Fund and World Bank. The IMF reached an agreement last October to lend $1.9 billion to Tunisian authorities but has delayed final approval as President Kais Saied has moved to consolidate power and detained political opponents. After Mr. Saied in February denounced immigration in a speech and said without providing evidence that a “criminal plot” to change Tunisia’s demographic makeup was under way, hundreds of sub-Saharan African migrants in the country were arrested and others were attacked by mobs.

☆ Mark Mobius: Investor says he cannot get his money out of China
▼ + stars: | 2023-03-06 | by ( ) edition.cnn.com time to read: +1 min

Mark Mobius has said he cannot take his money out of China due to the country’s capital controls, cautioning investors to be “very, very careful” about investing in an economy under a tight government grip. The government is restricting flow of money out of the country,” Mobius, founder of Mobius Capital Partners, told FOX Business in an interview published on March 2. They don’t say: No, you can’t get your money out. Mobius led emerging market investment at Franklin Templeton Investments for three decades and is known for his bullish view on China. Mobius and HSBC could not be reached at the weekend.

☆ Tunisian President Targets Sub-Saharan African Migrants, Mob Violence Follows
▼ + stars: | 2023-03-05 | by ( Chao Deng | ) www.wsj.com time to read: 1 min

Protests erupted in the Tunisian capital after President Kais Saied ordered security forces to expel all migrants who had entered the country illegally. Tunisian authorities have arrested hundreds of sub-Saharan African migrants after President Kais Saied denounced immigration last month and said there was a “criminal plot” to change Tunisia’s demographic makeup. Following the speech, groups of Tunisian men attacked dark-skinned migrants, assaulting some and chasing many from their homes. More than 100 migrants have fled to the United Nations’ International Organization for Migration building in Tunis, the country’s capital.

☆ Billionaire investor Mark Mobius says he cannot take money out of China -FOX Business
▼ + stars: | 2023-03-05 | by ( ) www.reuters.com time to read: +2 min

SHANGHAI, March 5 (Reuters) - Billionaire investor Mark Mobius told FOX Business he cannot take his money out of China due to the country's capital controls, cautioning investors to be "very, very careful" about investing in an economy under a tight government grip. I can't take my money out. The government is restricting flow of money out of the country," Mobius, founder of Mobius Capital Partners, told FOX Business in an interview published on March 2. Mobius led emerging market investment at Franklin Templeton Investments for three decades and is known for his bullish view on China. Mobius, who calls himself "the Indiana Jones of Emerging Market investing", told FOX Business he's increasing exposure to alternative markets such as India and Brazil.

☆ After Turkey’s Earthquakes, Many Families Scrape for Survival
▼ + stars: | 2023-03-04 | by ( Chao Deng | ) www.wsj.com time to read: 1 min

SAMANDAG, Turkey—Surrounded by neighbors struggling for basic necessities after earthquakes devastated this town in southern Turkey last month, Kadir Halilogullari quickly converted a greenhouse he owned into a makeshift shelter for as many as 40 people. Using scraps of corrugated metal, Mr. Halilogullari made a makeshift bathroom in his family’s yard for his neighbors to use. He also bought a used power generator to run electric cords into the shelter so they could charge their phones.

☆ 'I can't get my money out': Billionaire investor Mark Mobius says China is restricting flows of capital out of the country
▼ + stars: | 2023-03-03 | by ( Carla Mozée | ) www.businessinsider.com time to read: +3 min

Emerging markets investing veteran Mark Mobius says China is restricting capital outflows. Mobius said he's been unable to get an explanation about the "crazy" restriction. The government is restricting the flow of money out of the country," Mobius said on Thursday on the Fox Business show "Mornings with Maria". "So I would be very, very careful investing in China," the founder of Mobius Capital Partners said. The previous executive chairman of Templeton Emerging Markets Group said he's been able to get his money "in and out" of the financial center.

☆ Earthquakes Uproot Lives of Syrian Refugees, Again
▼ + stars: | 2023-02-26 | by ( Chao Deng | ) www.wsj.com time to read: 1 min

NURDAĞI, Turkey—Many of the Syrians who fled civil war to make new homes in Turkey now face rebuilding their lives again after this month’s earthquakes, with some under growing pressure to return across the border or move to refugee camps as a scramble for resources in the destruction zone intensifies. Turkey opened its border to Syrians after a 2011 uprising in the neighboring country blew up into a deadly conflict. Some 3.5 million Syrian refugees now live in Turkey, about half of them in the southern Turkish provinces that were devastated by the Feb. 6 quakes. Before this month, many had found work and their own accommodation.

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