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The IRA includes a clause that automatically qualifies EV battery materials recycled in the U.S. as American-made for subsidies, regardless of their origin. That is important because it qualifies automakers using U.S.-recycled battery materials for EV production incentives. China handles virtually all EV battery recycling in a global market projected to grow from $11 billion in 2022 to $18 billion by 2028, according to research firm EMR. The volume of EV batteries available for recycling should grow over tenfold by 2030, said consultant Circular Energy Storage. In Europe, EV batteries are currently shredded into "black mass" that is shipped to China for recycling.

Persons: Marc Trent, Charles Trent, Nick Carey POOLE, Thomas Becker, Louie Diaz, Diaz, JB Straubel, Mike O'Kronley, Christian Marston, deconstruct, Bruno Thompson, Thea Soule, Soule, Kurt Vandeputte, Becker, We've, Nick Carey, Paul Lienert, Ben Klayman, Claudia Parsons Organizations: Charles Trent Ltd, REUTERS, Reuters, BMW, Redwood Materials, European Union, EV, Energy Department, Altilium Metals, recyclers, U.S, CES, Cambridge, Battery Recycling Company, EU, Nissan, Nio, Victoria Waldersee, Thomson Locations: Poole , Britain, England, U.S, North America, China, New York, Nevada, America, Georgia, Kentucky, EVs, Bulgaria, Europe, Poole, Dallas , Texas, Japan, HK, Poole , England, Detroit, Berlin

☆ China's growth model is no longer suited to the global economy, Mohamed El-Erian says
▼ + stars: | 2023-07-20 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

China's growth model is no longer suited to the global economy, Mohamed El-Erian said. Exports have fallen, and growth in Europe and the US will likely be muted for the foreseeable future, he said. After an initial burst of first-quarter growth, China's industrial output, investment, and consumer activity have all cooled sharply. "First, as the most recent trade data show, the global economy no longer supports China's domestic growth dynamics," El-Erian said, noting that Chinese exports in June dropped 12.4% and imports declined 4.1%. Rather than hope for the rest of the world to save China's economy, El-Erian suggested that Beijing look inwards and re-orient political policy towards an effective growth model.

Persons: Mohamed El, Erian Organizations: Service, Syndicate, Allianz, Local Locations: Europe, China, Wall, Silicon, West, Beijing, El

☆ De-dollarization risks aren't priced in despite rising US dysfunction and tension with China, JPMorgan says
▼ + stars: | 2023-07-19 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

De-dollarization risks aren't priced in despite rising US dysfunction and tension with China, JPMorgan said. Investors should go underweight on the dollar, as well as US markets, bonds, and financial equities, analysts said. But that also points to the risks that are not yet reflected in financial markets. Meanwhile, economic and political instability within the US will also factor into the credibility of the dollar, JPMorgan added. While "rapid and deep" de-dollarization is unlikely in the next decade, investors should expect partial de-dollarization, with the yuan rising among Chinese partners, strategists predicted.

Organizations: JPMorgan, Service, CBO Locations: China, Wall, Silicon, Beijing, Washington

☆ Chip industry sits between a need for globalization and a need to protect national security: Expert
▼ + stars: | 2023-07-19 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChip industry sits between a need for globalization and a need to protect national security: ExpertPranay Kotasthane, chair of the high-tech geopolitics program at Takshashila Institution, discusses the geopolitics in-play between the U.S. and China surrounding semiconductor exports.

Organizations: Takshashila Institution, U.S Locations: China

☆ These 10 stocks will be under-the-radar winners of the inevitable AI takeover, according to Bank of America
▼ + stars: | 2023-07-16 | by ( James Faris | ) www.businessinsider.com time to read: +3 min

Here are 10 AI stocks that may be unexpected winners, according to Bank of America. Innovation has boosted productivity throughout history, and AI will be no exception, according to Bank of America. Bank of AmericaBank of America recently released projections about the possible productivity gains from AI through 2025, after which it sees productivity growth retreating to its post-2004 average of 1.4%. "AI stocks are priced for a bygone world of 2% bond yields, low costs of capital, easy globalization, and friendly inflation." Challenges for AI stocks include expensive valuations, low rates of profitability relative to other technology stocks, and other threats like regulation, according to Bank of America.

Persons: Jared Woodard, Woodard Organizations: Bank of America, Bank of America Bank of America, Bank of Locations: Bank of America .

☆ The weaponization of the dollar will reverse globalization and kill the WTO, it was warned. That's a real threat today as dedollarization gathers force.
▼ + stars: | 2023-07-14 | by ( Zahra Tayeb | ) www.businessinsider.com time to read: +6 min

US economic sanctions have spawned something of a global backlash, in the form of the dedollarization movement. This was anticipated as early as 2019, by an expert who warned the weaponization of the dollar could have serious consequences for the global economic system. Back in 2023, dedollarization is a thingFast forward to 2023, and some of the recent rumblings across the global currency and monetary landscape are strikingly in line with Sen's prognostications. All that could come at a huge cost to the global economy – and drive a "complete reversal of global economic integration," he wrote. The dollar's share of global reserves could slowly decline, but no alternatives exist that could completely displace the US currency, Treasury Secretary Janet Yellen said last month.

Persons: Julius Sen, Donald Trump, Sen, prognostications, Emmanuel Macron, Elon Musk, –, optimists, Paul Krugman, Janet Yellen, Putin Organizations: London School of Economics, Service, UN, SWIFT, Allianz, WTO, FX Locations: Wall, Silicon, China, Brazil, Iran, Tehran, Russia, Ukraine, India, Europe

☆ Mexico replaced China as America's top trade buddy — and it shows how the global economy is rapidly transforming
▼ + stars: | 2023-07-12 | by ( Cork Gaines | ) www.businessinsider.com time to read: +5 min

Trade between the US and Mexico reached $263 billion during the first four months of this year. That pushed Mexico past China and Canada as the top trade partner since the start of the pandemic. China was the top partner for much of the 2010s and again at the start of the pandemic. Trade with Mexico accounted for 15.4% of all the goods exported and imported by the US, just ahead of America's trade totals with Canada (15.2%) and China (12.0%). Trucks carrying shipping containers line up as they are flagged for a secondary inspections at the Port of Manzanillo, Mexico.

Persons: Luis Torres, Donald Trump's, Torres, Nearshoring, Peter S, Goodman, Michael Burns, Salwan Georges, Shannon O'Neil's, Greg Rosalsky, O'Neil, Joe Biden, Antony Blinken, Xi Jinping, Janet Yellen, Xi, Yellen Organizations: Service, Federal Reserve Bank of, Canada, Dallas Fed, New York Times, Walmart, Murray Hill Group, Trucks, Washington, Getty, NPR Locations: Mexico, China, Canada, Wall, Silicon, Federal Reserve Bank of Dallas, Pacific, Port, Manzanillo, USA, United States

☆ Be cautious buying A.I. ETFs, Bank of America says
▼ + stars: | 2023-07-11 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +1 min

Investors should be wary of buying exchange-traded funds that hold artificial intelligence stocks to chase the trend's big gains, according to Bank of America. On Tuesday, investment and ETF strategist Jared Woodard initiated coverage of eight AI funds, which had an average gain of 27% year to date. … Valuations are steep: the average AI ETF trades at 31x earnings. Bank of America also cautioned that investors should be sure to check the holdings of any AI fund because some AI indexes are "loosely defined." Woodard wrote that the Global X Robotics & Artificial Intelligence ETF (BOTZ) is the closest thing to a "pure play" AI fund.

Persons: Jared Woodard, Woodard, CNBC's Michael Bloom Organizations: Bank of America, Nasdaq, Bank of, Intelligence, Technology, US, Global, Robotics, Nvidia

Despite talk of U.S.-China economic de-coupling, recent data show a trade relationship that is fundamentally solid, and rebounded in 2022 from five years of turmoil wrought by a trade war and COVID-19 disruptions. Two-way trade hit a record $690 billion last year as U.S. demand for Chinese consumer goods rose and Beijing's demand for U.S. farm products and energy grew. U.S.-China trade had fallen after 2018, when former President Donald Trump imposed tariffs of up to 25% on some $370 billion in Chinese imports, but began to rebound during the COVID recovery of 2021. Reuters Graphics"I think it is important that people realize that business and politics are separate," said Michael Hart, president of the American Chamber of Commerce in China. "The current state of U.S.-China trade and investment is the result of 30 to 40 years' worth of ongoing trade and investment."

Persons: Janet Yellen, Donald Trump, Michael Hart, William Reinsch, America's COVID, Wang Huiyao, Biden, Hart, David Lawder, Joe Cash, Heather Timmons, Jamie Freed Organizations: U.S, Treasury, Reuters, American Chamber of Commerce, Census, Center for Strategic, International Studies, Center for, EV, U.S . Congress, Thomson Locations: WASHINGTON, BEIJING, China, U.S, Washington, Center for China, Beijing, United States, CHINA

☆ 4 things making it harder for Janet Yellen to repair the US-China relationship
▼ + stars: | 2023-07-06 | by ( Laura He | ) edition.cnn.com time to read: +9 min

The global economy stands to gain if Washington and Beijing can mend fences, but analysts say this appears unlikely. Here are four things likely to make it harder for Yellen to repair US-China ties, and one thing keeping the relationship going. Sequoia’s executives said in a statement that it has become “increasingly complex” to run a decentralized global investment business. On Wednesday, US pharmaceutical firm Moderna (MRNA)signed a deal to make its first major investment in China. “Both sides are ramping up commercial restrictions in the name of national security and national interests,” she said.

Persons: Janet Yellen, China, ” Wei Jianguo, ”, Anna Ashton, Biden, Beijing’s, Wei, Capvision, Xi Jinping’s, “, Li Qiang, Xi, Alex Capri, ” Ashton, —, Jennifer Hansler, Wayne Chang, Bryan Mena Organizations: Hong Kong CNN, Eurasia Group, Micron Technology, China Daily, Analysts, China, Capvision, Bain & Company, Group, Forrester Research, Ontario, Republicans, Hawks, Shanghai Cooperation Organization, Xinhua, US Commerce Department, “, National University of Singapore Business School, Moderna Locations: Hong Kong, Beijing, United States, China, Chinese, Washington, Japan, Europe, Shanghai, New York, decouple, Moscow, Ukraine, Russia, Taiwan, Tianjin

☆ A defiant Putin renewed calls for countries to trade with Russia using local currencies in his first international appearance after the failed Wagner mutiny
▼ + stars: | 2023-07-05 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

At a trade summit, Putin said 80% of the Russia-China trade is now transacted in the yuan and the ruble. The Russian currency was used in 40% of all export transactions with SCO countries, Putin added. Founded in 2001, SCO member countries include China, Russia, India, Pakistan, Kazakhstan, the Kyrgyz Republic, Tajikistan, Uzbekistan, and Iran. The tough restrictions against Russia spooked other countries so much that they are now lining up backup currencies for trade. Sanctioned countries like Russia and emerging nations like Argentina have recently started using the yuan for trade, primarily with China.

Persons: Vladimir Putin, Putin, —, Wagner, Xi Jinping, Xi Organizations: Service, Russia, Shanghai Cooperation Organization, SCO —, SCO, CGTN Locations: Russia, China, Ukraine, People's Republic of China, India, Pakistan, Kazakhstan, Kyrgyz Republic, Tajikistan, Uzbekistan, Iran, Argentina

☆ Goldman Sachs says A.I. will 'super-charge' music creation and names 5 stocks to buy
▼ + stars: | 2023-07-05 | by ( Lucy Handley | ) www.cnbc.com time to read: +3 min

The music industry is set for a radical shift due in part to generative AI, according to Goldman Sachs , which described the new technology as providing "significant opportunities" for the sector. It named five buy-rated stocks to play the trend: Live Nation , Warner Music Group , French digital music company Believe , China's NetEase , and Universal Music Group . "Generative AI will super-charge music creation capabilities and improve productivity," according to Goldman's analysts in a June 28 note. The music industry is well set up to protect its intellectual property given that it is dominated by three large companies that own the majority of artists' catalogs, according to Goldman. Goldman chose Chinese internet company NetEase, which has a music streaming platform, for its use of AI in its music composition tools.

Persons: Goldman Sachs, NetEase, Drake, Goldman, WMG, UMG, CNBC's Michael Bloom Organizations: Warner Music Group, Universal Music Group, Companies, Spotify, Netflix Locations: Asia, Europe, Chinese

☆ Opinion | Biden Is Trying to Co-opt Trump’s Biggest Strength
▼ + stars: | 2023-07-02 | by ( Ezra Klein | ) www.nytimes.com time to read: +3 min

“Frankly, our domestic economic policies also failed to fully account for the consequences of our international economic policies,” he said. All these factories and battery plants and electric-vehicle charging stations and auto manufacturing facilities give Biden his strongest line against Trump. On my watch, it’s grown nearly 100 percent in two years.”Biden made a point of saying that in the economy he’s building, “we don’t need everyone to have a four-year degree. It’s great if you can get one; we’re trying to make it easier for you to get one. But you don’t need it to get a good-paying job anymore.”

Persons: Jake Sullivan, Hillary Clinton, Barack Obama, Sullivan, ”, “, “ That’s, Jared Bernstein, ” Bernstein, Biden, Trump, ” Biden Organizations: Brookings Institution, Democrat, Biden’s, Economic Advisers, Rocky Mountain Institute, Biden, Trump Locations: Washington, Chicago, America, Manhattan, San Francisco

☆ GOLDMAN SACHS: Small-cap stocks will outperform the S&P 500 over the next year and deliver 14% returns. Here's how to seize the upside.
▼ + stars: | 2023-06-29 | by ( William Edwards | ) www.businessinsider.com time to read: +4 min

The bank expects the Russell 2000 to deliver 14% returns in the next year vs. 9% for the S&P 500. Goldman SachsGoldman's expectation for 14% returns in the coming year partly stems from their call for 1.4% GDP growth over that period. "More broadly, this should support US economic activity, the primary driver of Russell 2000 returns." Investors can gain broader exposure to small-cap stocks through exchange-traded funds like the iShares Russell 2000 ETF (IWM), the Schwab US Small-Cap ETF (SCHA), and the Vanguard S&P Small-Cap 600 ETF (VIOO). Additionally, the research firm Morningstar listed the following small-cap ETFs as its top picks in a June 20 note: Vanguard Small-Cap ETF (VB), iShares Core S&P Small-Cap ETF (IJR), and Schwab U.S. Small-Cap ETF (SCHA).

Persons: Russell, Goldman Sachs, Lily Calcagnini, Calcagnini, Goldman, they're, Morningstar Organizations: Federal Reserve, pharma, Schwab, Vanguard, Schwab U.S Locations: United States

☆ BMW taps abstract artist Julie Mehretu to paint its latest Art Car
▼ + stars: | 2023-06-29 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +5 min

Now, Ethiopian American artist Julie Mehretu, known for her work in abstract painting, has been chosen to create the company’s next Art Car. The first BMW Art Car was painted in 1975 by the American sculptor Alexander Calder after French racing driver Hervé Poulain brought the idea to BMW. The first woman to take on a BMW Art Car was South African artist Esther Mahlangu, who in 1991 painted a 525i sedan. Esther Mahlangu's Art Car featured the bold colors and geometric patterns used in the traditional arts and crafts of the Southern Ndebele people. Enes Kucevic/BMWMehretu’s will be the 20th BMW Art Car.

Persons: Andy Warhol, Jeff Koons, Jenny Holzer, Robert Rauschenberg, Julie Mehretu, Alexander Calder, Hervé Poulain, Poulain, Calder, Roy Lichtenstein, Warhol, Esther Mahlangu, Holzer, Esther Mahlangu's, Enes, Marian Goodman, Josefina Santos, BMW Mehretu, Madeleine Grynsztejn, ”, Julie, ” Grynsztejn, ” Mehretu, I've, ” Julian Kroehl, City’s Solomon R, hasn’t, Mehretu, “ Organizations: CNN, BMW, Ethiopian, Le, CSL, BMW Le, Fine Arts, Rhode Island School of Design, MacArthur, US Department of State, of, Pritzker, Museum of Contemporary Art Chicago, Daytona, Guggenheim Museum Locations: Ethiopian American, American, African, Southern, Addis Ababa, Ethiopia, United States, New York, Daytona Beach , Florida, New

☆ 3 major companies trying to move supply chains out of China, and how they're faring in their attempts to move away from the factory of the world
▼ + stars: | 2023-06-27 | by ( Huileng Tan | ) www.businessinsider.com time to read: +6 min

Ted Cannis, a senior executive at Ford, told the Financial Times in December that there is a "large-scale rethinking of logistics operations" across the auto supply chain. "The supply chain is going to be the focus of this decade," Cannis said. Among the companies Apple is relying on to make the Vision Pro is Taiwan's Foxconn — which is the main supplier shifting its supply chain away from China. The move was made after China's COVID-19 lockdowns rocked supply chain and production timelines, but prices are the real driving reason behind the move. "Right now, robustness of our supply chain also needs to be considered to ensure the stable procurement of parts."

Persons: —, Donald Trump, lockdowns, COVID, Ashutosh Sharma, Forrester, Ted Cannis, Cannis, China's, Wellsenn, Cowell, Liu Young, TSMC, Morris Chang, Chips, Dylan Patel, SemiAnalysis, Tim Cook, Fang DongxuFeature, Mazda, China's COVID, Masahiro Moro, ", Moro Organizations: Mazda, Service, Privacy, East, Ford, Financial Times, Apple, Vision, Apple's, Cowell e Holdings, Future Publishing, Reuters Locations: China, India, Zhengzhou, Henan, Vietnam, Mexico, Taiwan, Arizona, Nanjing, Fang DongxuFeature China, Japan Japanese, Japan

☆ The world's supply chains are undergoing strategic reglobalization: International Trade Centre
▼ + stars: | 2023-06-26 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe world's supply chains are undergoing strategic reglobalization: International Trade CentrePamela Coke-Hamilton of the multilateral agency discusses why she thinks claims of the "death of globalization" are inaccurate and how global supply chains will be reorganized.

Persons: Pamela Coke Organizations: International Trade, Hamilton

☆ Emerging-market stocks will make up a bigger share of the global landscape than the US by next decade, Goldman says
▼ + stars: | 2023-06-23 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

Emerging-market stocks will catch up to US stocks in global market share by 2030, Goldman Sachs estimated. That's due to faster growth in EM markets, which is largely led by China, economists said in a note. Meanwhile, US stocks will make up 35% of global market cap in 2030, 27% in 2050, and just 22% by 2075. Currently, the US accounts for 42% of the global market, while emerging markets account for 27%. That boom will largely be led by China, economists predicted, whose economy is expected to replace the US as the world's largest economy by 2035.

Persons: Goldman Sachs, — Organizations: Service, Goldman Locations: China, India

☆ Republicans Against Inequality
▼ + stars: | 2023-06-20 | by ( David Leonhardt | ) www.nytimes.com time to read: +2 min

Vance, the Ohio Republican, and Senator Elizabeth Warren, the Massachusetts progressive, have collaborated on a bill to claw back executive pay at failed banks. The two worked through the details through in-person conversations, weekend phone calls and late-night texts. Rubio this month published a book, “Decades of Decadence,” that criticizes the past 30 years of globalization. Tomorrow afternoon, these four Republican senators — Cotton, Rubio, Vance and Young — will speak at an event on Capitol Hill that’s meant to highlight the emergence of a populist conservative movement in economics. Cass is right about that: Income growth for most families has been sluggish for decades, trailing well behind economic growth.

Persons: J.D, Vance, Elizabeth Warren, Marco Rubio, Rubio, Todd Young, Tom Cotton of, Biden, — Cotton, Young —, ”, Oren Cass, Mitt Romney, Cass, ” Cass Organizations: Ohio Republican, Todd Young of Indiana, Capitol, Conservative, American Locations: Massachusetts, Marco Rubio of Florida, Tom Cotton of Arkansas

Jerusalem and Abu Dhabi CNN —Textbooks in Saudi Arabia have been changing. On Israel and the Palestinians, IMPACT-se found moderation, but not yet full acceptance of Israel. “Some in Israel want to see normalization with Saudi so badly that any interaction about Israel will be framed as something positive towards normalization,” he said. In Saudi Arabia, support for normalization stood at 5%. But Podeh and the other experts all agreed: public perceptions of Israel will be shaped by much more than textbooks.

Persons: ”, Mira Al Hussein, Kristin Diwan, Islam Aziz Alghashian, ” Alghashian, Israel, “, Joe Biden, Donald Trump, Elie Podeh, “ It’s, ” Podeh, It’s, Diwan Organizations: Abu Dhabi CNN, Monitoring, School Education, IMPACT, Zionism, United, United Arab Emirates ’, University of Edinburgh, ISIS, Muslim Brotherhood, CNN, Saudi Center, International Communication, Ministry, Education, Gulf States Institute, Saudi, Abraham Accords, Arab Center Washington DC, Department of Islamic, Eastern, Hebrew University Locations: Jerusalem, Abu Dhabi, Saudi Arabia, United States, Israel, London, Saudi, Palestine, United Arab, Scotland, “, al Qaeda, Washington

Hong Kong stocks such as Alibaba (9988.HK) and Tencent (0700.HK) are among the 24 stocks which will be priced and traded in both yuan and the Hong Kong dollar under the Dual Counter Model on the Hong Kong stock exchange (HKEX) from Monday. Offshore yuan deposits in Hong Kong alone are estimated at some 833 billion yuan ($117 billion). "Mainland investors, including mutual fund companies like us, have genuine incentives to trade Hong Kong stocks in yuan," said Ding of ChinaAMC. "There's lot of political uncertainty these days so you may want to hold yuan rather than U.S. dollars, or the Hong Kong dollar, which is pegged to the U.S. ($1 = 7.8217 Hong Kong dollars)Reporting by Samuel Shen and Georgina Lee; Editing by Vidya Ranganathan and Kim CoghillOur Standards: The Thomson Reuters Trust Principles.

Persons: Ding Wenjie, Ding, it's, Dong Chen, YUAN, Sun, Kai Properties, ChinaAMC, David Friedland, Samuel Shen, Georgina Lee, Vidya Ranganathan, Kim Coghill Organizations: HK, Hong Kong, Hong, China, Fund, U.S ., Global Capital Investment, China Asset Management, The U.S, Pictet Wealth Management, AIA, Hang Seng Bank Ltd, Interactive Brokers, Thomson Locations: SHANGHAI, HONG KONG, Hong, Hong Kong, China, Brazil, Russia, Beijing, Moscow, Ukraine, The, Pakistan, Asia, Asia Pacific

☆ China’s economy is way more screwed than anyone thought
▼ + stars: | 2023-06-14 | by ( Linette Lopez | ) www.businessinsider.com time to read: +12 min

The bubble in China's property market finally popped. In April, China's economic data came in weak largely across the board. The problem is that while consumers may be picking up, the biggest drivers of the Chinese economy — property and exports — are going to stay dormant. Consumer consumption makes up about 37% of the Chinese economy (in the US that figure is about 70%). Beijing has tried to shift the country toward a consumption model, like the US, but exports still make up 20% of China's economy.

Persons: lockdowns, it's, Xi Jinping, Stanley Druckenmiller, We're, Morgan Stanley, Goldman Sachs, Wei Yao, Leland Miller, Miller, Yao, Wright, I've, —, Kearney, Linette Lopez Organizations: Trade, JPMorgan, Bloomberg Invest Conference, Bank of America's, China's National Bureau, Statistics, Societe Generale, Analysts, Beijing, China, Chinese Communist Party, China's Locations: China, globalism, Beijing, York, Asia

☆ Opinion | Fareed Zakaria on Where Russia’s War in Ukraine Stands — and Much More
▼ + stars: | 2023-06-02 | by ( The Ezra Klein Show | ) www.nytimes.com time to read: +96 min

Obviously, the line is not perfect, but I think that’s a very sensible line. And I don’t think that’s all about absorption capability. But I don’t think it’s fair to say that the Russians have done everything they can. fareed zakaria[LAUGHS] And by the way, I think that’s some key to understanding the alliance is a personal one. I think India, Israel, and Poland — usually, in the 70 percent-plus say they like — have a favorable view of America.

Persons: ezra klein, it’s, Fareed Zakaria, Zakaria, “ Fareed Zakaria, fareed zakaria, Ezra, Putin, They’ve, there’s, fareed zakaria It’s, they’re, It’s, Fidel Castro, Sean Penn, haven’t, you’re, won’t, Biden, They’re, Washington, Winston Churchill, Merkel, wouldn’t, —, Nancy Gibbs, Khomeini, Macron, Ron DeSantis, YouGov, fareed zakaria I’m, that’s, DeSantis, Lindsey Grahams, Mitch McConnell, Xi Jinping, ezra klein Yes, Xi, Gorbachev, Zelensky, Trump, Obama, Bush, United States —, McCarthy’s, I’ve, they’d, doesn’t, didn’t, ezra klein They’re, fareed zakaria They’re, we’ve, Simpson, I’m, Janet Yellen, Colin Powell, unquote, That’s, Jonathan Haidt, We’ve, he’s, fareed zakaria That’s, they’ve, fareed zakaria Well, gee, TikTok, we’re, George Kennan, Mike Gallagher, klein, Nirupama Rao, Bob Kagan, can’t, — fareed zakaria, Lord Mountbatten, Gandhi, Franklin Roosevelt, Ho Chi Minh, fareed zakaria Right, narratively —, Modi, you’ve, China’s —, fareed zakaria Modi, India’s, Advani, Vajpayee, you’d, There’s, India, Joe Biden, fareed zakaria I’ve, Benedict Anderson’s “, Orville Schell, John Delury, Sunil Khilnani, ezra klein Fareed Zakaria Organizations: CNN, The Washington Post, Putin, Starbucks, Russia, Revolutionary Guard, NATO, Ukrainian, Communist, European Union, U.S, Republican Party’s, Republican Party, Republicans, ASEAN, Trump, Defense, United, U.S ., Democrats, Chinese Communist Party, State, Facebook, Google, Soviet Union, Huawei, Twitter, South China Seas, Foreign Affairs, Yale Law, International Criminal, South China, . Security, Trade Organization, Pax Americana, Americana, New York Fed, America, Republican, Fox, Beijing Locations: ezra klein Russia, Ukraine, Russia, America, Europe, China, India, Russian, United States, Relatedly, Japan, Turkey, Holland, South Korea, Singapore, Iran, Venezuela, Central America, Southeast Asia, Washington, Britain, ‘, U.S, United Europe, Germany, Soviet Union, Vietnam, Beijing, Trump, Asia, Iraq, Hainan, Montana, Republic, Soviet, weirdly, South, Taiwan, Pakistan, New Delhi, South Africa, Kuwait, Russia’s, Eden, Saudi Arabia, Indonesia, Kashmir, it’s, Cuba, Pax, American, Mumbai, Shanghai, Israel, Poland, Indian, Nigeria

☆ Firms are bringing production back home because of the Ukraine war, China's slowdown — and TikTok
▼ + stars: | 2023-06-01 | by ( Lucy Handley | ) www.cnbc.com time to read: +8 min

Earnings calls discuss 'reshoring'A number of banks noted mentions of the domestic manufacturing trend in U.S. earnings calls for the most recent quarter. And we have never … got the target right," McRaith told an audience at a supply chain conference organized by software company o9 Solutions in April. Bill McRaith Former chief supply chain officer, PVHMcRaith, a former chief supply chain officer at Tommy Hilfiger-owner PVH , said the apparel industry both over-orders and under-orders stock by about 20% to 25%. If we build an economy based on electrification and batteries, it's going to be really important to control our own supply chain. "If we build an economy based on electrification and batteries, it's going to be really important to control our own supply chain," he told CNBC's "Street Signs Asia" in April.

Persons: Luke Sharrett, Savita Subramanian, Ryan Grabinski, they're, Bill McRaith, McRaith, PVH, Tommy Hilfiger, we've, Shein, Jade Gao, it's, Keith Phillips, Joe Biden, CNBC's, Elon Musk, Phillips Organizations: European Union, Bloomberg, Getty, Bank of America, UBS, Securities, o9 Solutions, CNBC, AFP, U.S ., Reshoring, EV, U.S, EVs Locations: China, Ukraine, U.S, Europe, Brazil, Guangzhou, U.S . U.S, Corpus Christi , Texas, Tennessee, United States

☆ A world in three islands on the Mediterranean
▼ + stars: | 2023-05-25 | by ( Pavlo Fedykovych | ) edition.cnn.com time to read: +16 min

CNN —In the middle of the Mediterranean Sea lies a small country made up of three inhabited islands and irresistible allure. Across its three inhabited islands – Malta, Gozo and Comino – you’ll find every sun-soaked aspect of the perfect vacation. The solution: Marsaskala, towards the southeastern tip of Malta island. Mellieħa Bay and St. Paul’s BayBugibba is a classic seaside resort town in St. Paul's Bay. The population is a modest two people, there are no cars, and no signs of globalization – just the untouched Mediterranean.

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