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☆ China’s slower growth hasn’t dragged down this consumer stock. Why it’s up 90% this year
▼ + stars: | 2024-08-04 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +6 min

"We expect 30 retail store openings this year in China and China market sales to grow 21% YoY in 2024." Raised target Morgan Stanley raised its price target to HK$52, up from HK$45 previously, after Pop Mart's profit alert. "Strong pickup in online channels and Pop Land were the key drivers, while offline sales growth also accelerated (driven by teens% [same-store sales growth])." Pop Land is a theme park that Pop Mart opened near a major city park in Beijing in September 2023. "The company is well-prepared to sustain its high sales growth momentum into 2H24F, in our view (we estimate 2H24F total sales growth of 39% y-y)," the Nomura analysts said.

Persons: Morgan Stanley, Pop Mart, they've, Michael Bloom Organizations: Pop Mart, Pop, Mart, Disney, Hong, Apple, Starbucks, HK, China Renaissance, Nomura, U.S, Jefferies, Comcast, CNBC, NBCUniversal, NBC Sports, NBC Olympics, NBC, Games Locations: Hong Kong, China, Beijing, Pop, Thailand, NBCUniversal, U.S

☆ Alan Garber Will Stay On as Harvard’s President
▼ + stars: | 2024-08-02 | by ( Alan Blinder | More About Alan Blinder | ) www.nytimes.com time to read: +1 min

Harvard University said on Friday that its interim president, Alan M. Garber, would lead the university through the 2026-27 academic year, offering a dose of stability to a campus rocked by turmoil. Dr. Garber took over at Harvard in January when Claudine Gay resigned after weeks of criticism over her testimony at a congressional hearing about antisemitism on campus and accusations of plagiarism in her academic writings. Penny Pritzker, senior fellow of the Harvard Corporation, the university’s highest governing body, said in a message to the campus on Friday that “interim” would be dropped from Dr. Garber’s title “to recognize his distinguished service to the university and to underscore our belief that this is a time not merely for steady stewardship but for active, engaged leadership.”The university said it would begin a search for a successor to Dr. Garber in 2026. This is a developing story. Check back for updates.

Persons: Alan M, Garber, Claudine Gay, Penny Pritzker, “ Organizations: Harvard University, Harvard, Harvard Corporation

☆ China doping controversy casts a shadow over Olympic swimming
▼ + stars: | 2024-08-01 | by ( Simone Mccarthy | Andrew Mcnicol | ) edition.cnn.com time to read: +8 min

The global sports doping watchdog World Anti-Doping Agency (WADA) accepted the assessment without an appeal. Concern only deepened Tuesday, after WADA acknowledged a separate 2022 case in which two Chinese swimmers tested positive for “trace amounts of a prohibited substance metandienone,” a banned anabolic steroid. “I feel so wronged,” said Zhang, denying that Chinese swimmers engaged in doping. The 2022 case, reported by the Times earlier this week, involves a swimmer on the Chinese roster in Paris, according to the paper. Personally, I believe that seven doping tests in one day might have disrupted our Chinese swimming team,” Gao wrote on Weibo.

Persons: Zhang Yufei, Zhang, ”, WADA, CHINADA –, Travis Tygart, “, it’s, CHINADA, Pan, Jonathan Nackstrand, China’s Pan Zhanle, Gao Min, Qin Haiyang’s, ” Gao, Yu Liang, they’ve Organizations: Hong Kong CNN —, Paris Olympics, Tokyo, China’s, Doping Agency, Tokyo Games, New York Times, ARD, Times, CNN, Getty, Aquatics, Paris Olympic, ’, China national, commentors Locations: Hong Kong, China, United States, Australia, Beijing, Paris, AFP, Tokyo, Weibo, France

☆ When ICE Agents Use Deadly Force, the Shootings Go Unprosecuted.
▼ + stars: | 2024-08-01 | by ( Lila Hassan | ) www.businessinsider.com time to read: +46 min

AdvertisementYet when and how ICE agents use deadly force has long been shrouded in secrecy. ICE agents shot people in public places, such as traffic intersections and strip-mall parking lots. Yet in over half of the shootings we identified, ICE agents never made an arrest. But Ramos still became one of dozens of people on the receiving end of an ICE agent's deadly force. A significant number of the shootings documented in the logs happened while ICE agents were off-duty or in plain clothes.

Persons: Nemesia Martinez, wouldn't, Martinez, Gabino Ramos Hernandez, Ramos, Ramos wasn't, Soledad Ramos Hernandez, Ramos's, Soledad, Timothy Ivy, Donald Trump, We've, Ramos —, Chuck Wexler, haven't, Genia, Miguel Alvarez, Alvarez, Jake Driskell, Driskell, Phillip Causey, Causey, Laurel Police Department Ramos, gurney, Mario Bass, Bass, Prince William, Bryan Cox, Bradley Epley, Epley, Rueben Coray, Hector Santana, Santana, who'd, Othello Jones, Jones, Johnathan Liddell, Douglas, Ryan Leonard, Joe Biden, García Ramos, it's, they're, he'd, Leo Clemons, Doctors, Clemons, Ramos moans, wasn't, Bailey C, Martin, Prince William County, HSI, Chris Baroni, Ronaldo Gonzalez, Gonzalez, Baroni, Jerry Robinette, General, OPR, Gretta Goodwin, Robinette, doesn't, Goodwin, Tommy Cox, Donald Trump's, reining, Jennifer Chacón, Biden, Timothy Cerniglia, Cerniglia, Hernandez's, hasn't, Business Insider Ramos, He's, Loevy Organizations: Investigations, Business, Customs, Laurel, Facebook, ICE, Immigration, Homeland Security Investigations, New York City Police Department, Los Angeles Police Department, Department of Homeland Security, Police, Research, New, Immigrant Defense, DHS, Border Patrol, Laurel Police Department, Mississippi Bureau of Investigation, Nissan, Ramos, FBI, Justice Department, Denver, Phoenix, Border Protection, Maricopa County Attorney's Office, General's, Department of Justice, Force, Ohio State University Moritz College of Law, Mississippi Bureau of, MBI, Laurel Police, NBC, Sheriff's, ICE's Homeland Security Investigations, Scottsdale police, Howard Center, Investigative Journalism, Arizona State University, Attorney's, Federal Homeland Policy, Maricopa County DA, Firearms, ICE's, Homeland Security, Justice, DHS's Office, Army, Center, New American Security, Congress, Stanford Law School, Ohio State Law, Trump, White, GAO, Service, Biden's, Ohio State, Business Insider, Fund, Journalism Locations: Jackson, Laurel, Laurel , Mississippi, Woodbridge , Virginia, New York, Puebla, Mexico, Mississippi, United States, Arizona, Phoenix, Dumfries , Virginia, Nashville, Denver, arm's, Maricopa, Mesa , Arizona, Maricopa County, Lithia Springs , Georgia, Soledad, Metairie , Louisiana, Jefferson, Virginia, Scottsdale , Arizona, Scottsdale, Chula Vista , California, Washington , DC, Africa, New American, Oaxaca

☆ Bank of Japan raises benchmark interest rate, outlines roadmap for trimming bond buying program
▼ + stars: | 2024-07-31 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +2 min

The Bank of Japan headquarters (top C) is seen in Tokyo on December 19, 2023. Japan's central bank has raised its benchmark interest rate to "around 0.25%" from it previous range of 0% to 0.1% and outlined its plan to taper its bond buying program. The BOJ said it will continue to raise the policy interest rate and adjust the degree of monetary accommodation, assuming its economic outlook is realized. As of its March release, the bank said that purchases of JGB's amounted to about 6 trillion yen per month. The BOJ's JGB holdings currently stand at a whopping 579 trillion yen as of July 19, according to CNBC's calculations.

Organizations: Bank of Japan, The Bank of Japan Locations: Tokyo, Japan's

☆ HSBC rises 3% in Hong Kong after profit beat, share buyback announcement
▼ + stars: | 2024-07-31 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +4 min

"Each of these strengths contributed to a good revenue performance in the first half of 2024, supported by higher interest rates." Hong Kong-listed shares of HSBC were up 2.84% at 07:56 a.m. London time in the wake of the earnings beat. The first-half figure nevertheless came in well above the $20.5 billion average of broker estimates compiled by HSBC, according to Reuters. "The strong performance of the business gives us the confidence to say that we'll be mid-teens return in 2025 as well," Quinn told CNBC. "This headwind will be partially offset by hedging and balance sheet growth, but this growth is unlikely to be remarkable.

Persons: Noel Quinn, HSBC's Quinn, —, Quinn, there's, Jefferies, Benjamin Toms, Toms, CNBC's Ganesh Rao Organizations: HSBC, Securities Financing, Global Banking, London and New York Stock Exchanges, Reuters, Wednesday, CNBC, Capital Locations: Hong Kong, London, Britain

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Persons: it's, Lina Roby, LIA, MLO Lina Roby, Evelyn, Read Organizations: AARP, Insurance, USAA, Prudential Life, Prudential Life Insurance, Mutual, Omaha Life Insurance Mutual, Omaha Life Insurance, Life Insurance AAA Life Insurance, AAA, Better Business, Prudential, Finance, Personal Finance Locations: Montana and New York, Montana, Omaha, New York, Omaha's, New York State

☆ Canada reach Olympic women’s soccer quarterfinals despite spying scandal points deduction
▼ + stars: | 2024-07-31 | by ( Nnamdi Onyeagwara | ) www.nytimes.com time to read: +2 min

Canada have qualified for the quarterfinals of the Olympic women’s soccer competition — despite the defending champions being deducted six points for spying on opponents earlier in the group stage. Canada were deducted six points by FIFA for flying a drone over opponents New Zealand’s training sessions ahead of the Games, and a wider spying scandal subsequently emerged. The points deduction was handed down ahead of the second group fixture against France, leaving Canada on minus three points in Group A and on the cusp of elimination. Canada arrived at the 2024 Games as the defending champions after winning a surprise gold in Tokyo. GO DEEPER Canada Olympic spying scandal: The unanswered questions and possible punishments(Marc Atkins/Getty Images)

Persons: Lyon, Vanessa Gilles, Jessie Fleming’s, Andy Spence’s, Bev Priestman, Joseph Lombardi —, Jasmine Mander, Priestman, Spence, Gilles, Marc Atkins Organizations: Olympic, Colombia, Marseille, Canada, FIFA, New, Sport, New Zealand, France Locations: Canada, Nice, Germany, Tokyo, Japan, Sweden

☆ Jim Cramer looks at what's holding back AMD stock from rallying even further
▼ + stars: | 2024-07-31 | by ( Paulina Likos | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Jim Cramer is "still in favor of owning the tech titans" even though "they don't benefit" when the Fed eventually decides to cut rates. Jim also noted another reason for AMD stock not rallying even further — investors still want to be in "companies that benefit from lower rates." As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .

Persons: Jim Cramer, Stocks, Cramer, Lisa Su, Jim, We're, Jim Cramer's Organizations: CNBC, Federal Reserve, Fed, Microsoft, Nvidia, AMD, DuPont

Washington CNN —Secret Service acting Director Ronald Rowe provided new details about the assassination attempt of Donald Trump on Tuesday, delivering forceful testimony at a Senate hearing about the agency’s failures earlier this month in Butler, Pennsylvania. But at the joint hearing of the Judiciary and Homeland Security committees, Rowe also highlighted the missteps of local law enforcement on July 13, when the former president was shot. Moving forward, Rowe told the committees, his agency will avoid assuming local law enforcement agencies are fully capable of fulfilling their role in protecting an event. Rowe told the lawmakers that local law enforcement was positioned in a nearby building and should have had a clear line of sight of Crooks on the roof. Tobra claimed that the account in question was “pro-Biden.”The Gab account has also not been conclusively connected to Crooks.

Persons: Ronald Rowe, Donald Trump, Rowe, Thomas Matthew Crooks, Paul Abbate, Abbate, Kimberly Cheatle, Crooks, “, ” Rowe, Gary Peters, Hawley, Peters, it’s, ” Peters, we’d, ”, ” Crooks, Butler, Trump, shirk, “ I’m, they’d, Joe Biden, Sen, Josh Hawley’s, weren’t, John F, Kennedy, Cruz, ” Hawley, Republican Sen, Ted Cruz, Biden, ” Cruz, ” Abbate, Andrew Tobra, Tobra Organizations: Washington CNN, Service, Judiciary and Homeland Security, CNN, Capitol, Secret, Homeland Security, Secret Service, Department of Homeland Security, Biden, Trump, Missouri Republican, Republican, YouTube Locations: Butler , Pennsylvania, Butler, Missouri, Texas, Dallas, United States

☆ Venezuelans have seen this movie before, but Maduro should beware. This time, the ending could be different
▼ + stars: | 2024-07-30 | by ( Rafael Romo | ) edition.cnn.com time to read: +8 min

The month before, President Nicolás Maduro had declared a “constitutional state of emergency.”Julio Borges, in a photograph taken by CNN's Rafael Romo on June 9, 2016. Maduro, now 61, is a former bus driver who became a Caracas metro system union leader and rose through the ranks. In January of that year, Juan Guaidó, then president of the National Assembly, had proclaimed himself interim president of Venezuela. Supporters of Venezuelan opposition leader Juan Guaido scuffle with members of the Bolivarian National Police during a protest against the government of President Nicolas Maduro in Caracas on November 18, 2019. The Venezuelan opposition political party Voluntad Popular said Tuesday that its leader Freddy Superlano has been kidnapped.

Persons: “, Caracas Osmary Hernández, Julio Borges, colectivos, Nicolás Maduro, ” Julio Borges, CNN's Rafael Romo, Rafael Romo, Hugo Chávez, Juan Guaidó, Guaidó, Juan Guaido, Nicolas Maduro, Yuri Cortez, María Corina Machado, Machado, Chávez, Edilzon Gamez, ”, Michael, ‘, would’ve, Maduro, they’ve, Edmundo González, Jorge Fernando “ Tuto ” Quiroga, ” Quiroga, Edmundo, González, could’ve, Popular, Freddy Superlano Organizations: CNN, National Assembly, Caracas Osmary, Electoral Council, Bolivarian National Police, Getty, Bolivian Embassy, Inter, Georgetown University, Venezuela’s CNE, Venezuelan, Foro Locations: Caracas, Venezuela, Maduro, United States, AFP, North Macedonia, Bolivian

Port-au-Prince, Haiti CNN —Security forces protecting Haiti’s leader provided covering fire as he left a hospital in Port-au-Prince after an interview with CNN, in a stark illustration of the violence that continues to plague the gang-ravaged nation. Conille initially proceeded with the interview and did not remark on the gunfire — which is not an unusual thing to hear in Port-au-Prince. No one was injured and the prime minister was safely returned to his office. In May, Conille was appointed prime minister during the government’s transition period, with the aim to eventually lead Haiti to new elections. Conille had previously briefly served as prime minister from 2011 to 2012 during the presidency of Michel Martelly.

Persons: Garry Conille, MSS Force “, Conille, Ariel Henry, –, Michel Martelly Organizations: Haiti CNN — Security, CNN, Haitian National Police, Multinational Security, MSS Force, General Hospital, Haitian Police, Kenyan, Haitian Locations: Prince, Haiti, Port, Conille, Kenyan, Kenya, combatting

☆ Blinken meets China’s top diplomat in Laos as global giants keep communication lines open
▼ + stars: | 2024-07-27 | by ( Nectar Gan | Kylie Atwood | ) edition.cnn.com time to read: +6 min

Russia’s invasion of Ukraine, as well as China’s increasingly assertive moves in the South China Sea and threats toward Taiwan, have in recent years soured the Washington-Beijing relationship. In contrast, both Putin and Russia’s top diplomat Sergei Lavrov have been greeted in Beijing multiple times since the invasion. against a backdrop of increasingly violent clashes between Manila and Beijing in the South China Sea. “We are pleased to take note of the successful resupply today of the Second Thomas Shoal, which is the product of an agreement reached between the Philippines and China,” Blinken said. His running mate JD Vance has advocated halting military aid to Ukraine in favor of focusing on Taiwan’s defense.

Persons: Antony Blinken, Blinken, Wang Yi, Joe Biden’s, China’s, Xi Jinping’s, Russia’s Vladimir Putin, Wang, Dmytro Kuleba, Beijing “, ”, Putin, Sergei Lavrov, Kuleba, Lavrov, Russia …, “, ” Lavrov, Ferdinand Marcos Jnr, Beijing’s, Shoal, Thomas, ” Blinken, Biden, Donald Trump, JD Vance, Kamala Harris Organizations: Hong Kong CNN, United, Foreign, ASEAN, Laos –, North American Aerospace Defense Command, NATO, Ukraine, European Union, Ukrainian Foreign, South China, Republican, Democratic Locations: Hong Kong, China, Laos, Asia, Vietnam, Japan, Philippines, Singapore, Mongolia, Ukraine, South, Taiwan, Washington, Beijing, Alaska, Russia, Moscow, Russia’s, Southeast Asia, South Korea, Manila, South China

☆ A notorious market bear who called the 2000 and 2008 crashes warns his favorite valuation measure just hit all-time highs — setting stocks up for a potential 70% drop
▼ + stars: | 2024-07-27 | by ( William Edwards | ) www.businessinsider.com time to read: +5 min

But it's hard to argue against the track record of his most preferred valuation measure — total market cap of non-financial stocks to total revenue of those stocks — when it comes to long-term stock-market returns. Unfortunately for investors, the measure just hit an all-time high, topping levels seen in 1929, 2000, 2008, and 2022. Here's the metric:AdvertisementHussman Funds"Last week, our most reliable measure of stock market valuations hit the highest extreme in history," Hussman wrote in a July 20 commentary. AdvertisementWhile Hussman's valuation measure doesn't necessitate near-term losses, there is some evidence that stocks could soon face downside. And as the stock market ground mostly higher, he persisted with his doomsday calls.

Persons: —, John Hussman, Hussman, Jeremy Grantham Organizations: Service, Hussman Investment Trust, Business, Federal Reserve, Rosenberg Locations: recessionary

Ms. Harris was receiving 93 percent support from Democrats, the same share that Mr. Trump was getting from Republicans. Overall, Mr. Trump leads Ms. Harris 48 percent to 47 percent among likely voters in a head-to-head match. Mr. Trump leads Ms. Harris 48 percent to 46 percent among registered voters. The country’s view of Ms. Harris has also brightened, with her favorable rating rising by 10 percentage points since February. In a multicandidate race, less than a single percentage point separated Mr. Trump and Ms. Harris, with Ms. Harris at 44 percent and Mr. Trump at 43 percent after rounding.

Persons: Kamala Harris, Donald Trump, Donald J, Trump, Biden, Harris, Nate Cohn, Mr, Erin Schaff, Harris’s, JD Vance, Ohio, “, ”, Summer Nesbitt, Nesbitt, Biden’s, Trump’s, … Donald Trump, Joe Biden, Harris —, don’t, Eddie Otzoy, Hillary Clinton, Michael Newman, —, Robert F, Kennedy Jr, ” Harris Trump, Christine Zhang Organizations: New York Times, Siena College, Democratic Party, Democratic, Mr, Republicans, Times, Credit, The New York Times, Sun, Republican National Convention, Trump, Siena, “, Democrats Locations: Siena, Atlanta, Nevada , Arizona, Georgia, Detroit, Pennsylvania, Los Angeles, Arlington , Texas

☆ Tom Aspinall: From ‘one of the lowest points’ of his life to interim UFC heavyweight champion, the rise of British fighter
▼ + stars: | 2024-07-25 | by ( Ben Morse | ) edition.cnn.com time to read: +8 min

CNN —Five wins to open his UFC career had Tom Aspinall on course for a title shot. A kick from Aspinall connected with Blaydes’ leg and the British fighter dropped to the canvas, clutching his knee in pain, with the fight ending prematurely. The UFC is seen as the pinnacle of MMA and therefore comes with increased attention, but Aspinall was unfazed. Aspinall says it will be "great" co-headlining UFC 304, an event featuring British fighters competing in each bout. Aspinall says that he feels like "the best in the world" despite holding the interim heavyweight title.

Persons: Tom Aspinall, Curtis Blaydes, Aspinall, Blaydes, ”, ” Aspinall, Julian Finney, I’ve, I’m, Curtis, Tom, Chris Unger, it’s, ” ’, “, …, you’ll, he’s, ’, ’ ” Aspinall, Marcin Tybura, Jon Jones, Stipe Miocic, Jones, Sergei Pavlovich, Pavlovich, Henry Cejudo, Georges, Pierre, ” Cejudo, “ What’s, doesn’t, Cooper Neill, Aspinall’s, Leon Edward’s, Belal Muhammad, It’s, You’re Organizations: CNN —, UFC, O2, CNN Sport, “, Manchester, British, YouTube, ” CNN Locations: London, British, New York’s, Manchester

☆ Roger Stone sentencing proposal change was ‘highly unusual’ but politics didn’t play an improper role, DOJ watchdog says
▼ + stars: | 2024-07-24 | by ( Tierney Sneed | ) edition.cnn.com time to read: +4 min

The investigation was launched after the Justice Department issued a second sentencing memo for Stone called for a prison sentence “far less” than the 7-9 year recommendation his trial team initially put forward. Stone was sentenced to 40 months in prison, but that sentence was ultimately commuted by Trump. However, the inspector general found in Wednesday’s report that even career department lawyers believe “reasonable minds” can disagree on whether the initial sentencing recommendation for Stone was too high. “Thus, we found that Barr had articulated his position about the sentencing recommendation both before and shortly after the first sentencing memorandum was filed, and before the President’s tweets,” the inspector general said. The comments during these deliberations formed a “substantial basis” for Zelinsky’s congressional testimony, the inspector general said.

Persons: Roger Stone, Donald Trump, Stone, Aaron Zelinsky, General Michael Horowitz, ” Zelinsky, Bill Barr, Barr, Trump, Timothy Shea, Shea, ”, Joshua Matz Organizations: CNN, Justice Department, Trump, DOJ, DC, Attorney Locations: DC

☆ China just made another audacious bid to challenge the US as a key Middle East power broker
▼ + stars: | 2024-07-24 | by ( Tom Porter | ) www.businessinsider.com time to read: +5 min

Read previewIn the nine-month war between Israel and Hamas, an unlikely nation has emerged as a key power broker in the Middle East: China. Reconciling the groups with an eye to building a postwar Palestinian government is a diplomatic coup for Beijing, after years of trying to position itself as a power broker in the Middle East. China challenges US might in the Middle EastIn the last few years, China has challenged US influence in the Middle East. In 2023, it helped broker a restoration of diplomatic relations between Iran and Saudi Arabia after decades of proxy conflict. "China also doesn't want to sacrifice much to advance any of its interests in the Middle East," Jon Alterman, an analyst with the Center for Strategic and International Studies, told the US Congress in April.

Persons: —, Fatah, Wang Yi, It's, Ali Wyne, Aaron David Miller, Wyne, Jon Alterman Organizations: Service, Hamas, Reuters, Business, PLO, West Bank, Crisis, Palestinian, Center for Strategic, International Studies Locations: Israel, East, China, Beijing, Gaza, Fatah, Washington, Iran, Saudi Arabia, Saudi, States

☆ House votes to set up bipartisan task force to investigate Trump assassination attempt
▼ + stars: | 2024-07-24 | by ( Clare Foran | Annie Grayer | ) edition.cnn.com time to read: +3 min

CNN —The House voted on Wednesday to create a bipartisan task force to investigate the attempted assassination of former President Donald Trump. A resolution to establish the task force was approved in an overwhelmingly bipartisan vote of 416 to 0. The House task force will be made up of seven Republicans and six Democrats and will have subpoena authority, House Speaker Mike Johnson and House Democratic leader Hakeem Jeffries announced this week. Congress has moved swiftly to investigate the security failures that led to the shooting on July 13. On Monday, Cheatle was grilled at length by the House Oversight Committee over security failures related to the assassination attempt.

Persons: Donald Trump, Mike Johnson, Hakeem Jeffries, Johnson, Jeffries ’, “, ” Johnson, Kimberly Cheatle, Cheatle, Trump, Christopher Wray, Trump’s, John F, Kennedy, Jeffries, Donald J, CNN’s Lauren Fox, Jeremy Herb Organizations: CNN, Republican, House Democratic, Congress, Secret Locations: Pennsylvania, Butler , Pennsylvania

☆ Palestinian rivals Hamas and Fatah sign reconciliation agreement in China
▼ + stars: | 2024-07-23 | by ( Natasha Turak | ) www.cnbc.com time to read: +3 min

China's Foreign Minister Wang Yi on July 23 hailed an agreement by 14 Palestinian factions to set up an "interim national reconciliation government" to govern Gaza after the war. Rival Palestinian factions Hamas and Fatah agreed to end their long-standing enmity and work to form a national unity government following talks held in China, Chinese state media reported Tuesday. "On the morning of July 23, the closing ceremony of the reconciliation dialogue among Palestinian factions was held in Beijing. In the months since, Israel's retaliatory assaults on the Gaza Strip have killed nearly 39,000 Palestinians there, according to health authorities in the enclave. Fatah, formally called the Palestinian National Liberation Movement, is led by Mahmoud Abbas, the President of the Palestinian Authority (PA).

Persons: Mahmoud al, Fatah, Wang Yi, Mussa Abu Marzuk, CGTN, Mahmoud Abbas Organizations: Central Committee, China's, Hamas, CNBC, Palestinian, West Bank, U.S, Reuters, Palestinian National Liberation Movement, Palestinian Authority, West Bank — Locations: Palestinian, Diaoyutai, Beijing, Gaza, China, Beijing ., Weibo, Fatah, Israel, Hussam

☆ Modi's government pledges fiscal prudence in India's post-election budget
▼ + stars: | 2024-07-23 | by ( Charmaine Jacob | In Charmainemariajacob | ) www.cnbc.com time to read: +4 min

Nirmala Sitharaman, India's finance minister, leaves the ministry to present the budget at the parliament in New Delhi, India, on July 23, 2024. India's finance ministry on Tuesday lowered the country's fiscal deficit target to 4.9% for the financial year ending March 2025, a revision from 5.1% during the pre-election interim budget published back in February. That target will then fall to 4.5% or lower for the financial year ending March 2026, India's Finance Minister Nirmala Sitharaman said during the announcements. "This is imperative for attracting foreign investment and sustaining growth," he said, adding that "unprecedented financial support" from the central bank will make the fiscal deficit target possible. "We will endeavor to maintain strong fiscal support for infrastructure over the next five years, in conjunction with imperatives of other priorities and fiscal consolidation."

Persons: Nirmala Sitharaman, Vipul Bhowar, Narendra Modi's, Sitharaman, Hajra, Anand Rathi, Modi's Organizations: Bloomberg, Getty, India's, Waterfield Advisors, Sitharaman, Narendra Modi's Bharatiya Janata Party, Stock Brokers, CNBC, Modi's Bharatiya Janata Party, Centre, Monitoring, BSE, U.S . Locations: New Delhi, India, Mumbai, Bihar, Andhra Pradesh

☆ China and Philippines already at odds over South China Sea deal to ease Second Thomas Shoal tensions
▼ + stars: | 2024-07-23 | by ( Kathleen Magramo | ) edition.cnn.com time to read: +7 min

The dilapidated BRP Sierra Madre ship of the Philippine Navy is anchored near Second Thomas Shoal in the Spratly group of islands in the South China Sea. Beijing claims “indisputable sovereignty” over almost all of the 1.3 million-square-mile South China Sea, and most of the islands and sandbars within it, including many features that are hundreds of miles from mainland China. Under President Ferdinand “Bongbong” Marcos Jr, the Philippines has taken increasingly assertive steps to protect its claim to shoals in the South China Sea, leading to several confrontations off the Philippine islands. The US is not a claimant to the South China Sea, but says the waters are crucial to its national interest of guaranteeing free passage through seas worldwide. A close up view taken on March 29, 2014 of the BRP Sierra Madre beached near the Second Thomas Shoal, part of the Spratly Islands in the South China Sea.

Persons: Hong Kong CNN —, Shoal, Ren’ai Jiao, ”, Mao Ning, pushback, Ritchie, Ferdinand “ Bongbong ” Marcos Jr, Marcos, Jake Sullivan, ” Sullivan, Thomas Shoal, Erik de Castro, Gregory Poling, “, ” Derek Grossman Organizations: Hong Kong CNN, BRP Sierra Madre, Foreign Ministry, The Philippine Department of Foreign Affairs, BRP, Philippine Navy, coastguard, US Navy, Aspen Security, US National, Reuters, Transparency Initiative, RAND Corporation Locations: Hong Kong, South, Manila, Beijing, Philippine, Spratly, Philippines, China, Palawan, Madre, South China, Second, The Philippines, Malaysia, Vietnam, Brunei, Taiwan, The Hague, Scarborough, BRP Sierra Madre, Washington, United States, Sierra Madre, BRP Sierra, Asia

☆ Hamas and Fatah sign agreement in Beijing ‘ending’ their division, Chinese state media says
▼ + stars: | 2024-07-23 | by ( Simone Mccarthy | Isaac Yee | ) edition.cnn.com time to read: +5 min

CNN —Palestinian factions including rivals Hamas and Fatah have signed an agreement on “ending division and strengthening Palestinian unity,” Chinese broadcaster CCTV said Tuesday, following a deal brokered by China. There is a long history of bitter enmity between Hamas in Gaza and Fatah. Israel launched its military operations in Gaza following Hamas’ October 7 attack that killed more than 1,100 people and saw roughly 250 others kidnapped. Around 39,000 Palestinians have died in Israel’s war in Gaza that has triggered a mass humanitarian crisis and widespread destruction. Hamas and Fatah signed a reconciliation agreement in Cairo in October 2017 under pressure from the Arab states, led by Egypt.

Persons: Fatah, Wang Yi, ”, ” Wang, Mousa Abu Marzook, “, ” Abu Marzook, –, Xi Jinping, Benjamin Netanyahu, Israel, ’, Rami Hamdallah Organizations: CNN, Hamas, PLO, Palestine Liberation Organization, Palestinian Authority, West Bank, China’s Foreign Ministry, Palestinian Locations: China, Beijing, Israel, Gaza, Oslo, Fatah, United States, Cairo, Egypt

☆ Myanmar junta leader assumes presidential powers as president takes ‘sick leave,’ state media reports
▼ + stars: | 2024-07-22 | by ( Michael Mitsanas | ) edition.cnn.com time to read: +2 min

CNN —General Min Aung Hlaing, leader of Myanmar’s military junta, became the country’s interim president on Monday after figurehead leader Myint Swe was placed on medical leave, state media reported. “The Interim President’s Office has sent a letter to the State Administration Council Office notifying it to delegate the responsibilities,” government broadcaster MRTV said Monday, referring to the junta council that governs Myanmar, which is chaired by Hlaing. On Friday, the state-owned Global New Light of Myanmar reported that 73-year-old Swe has been suffering from “psychomotor retardation” and “malnutrition” since early 2023. The junta first promised to hold elections within two years after seizing power – a deadline that has been repeatedly extended. At least 18.6 million people in Myanmar today need urgent humanitarian assistance, according to the United Nations Office for the Coordination of Humanitarian Affairs.

Persons: Min Aung Hlaing, Myint Swe, “, MRTV, Hlaing, —, Nobel, Aung, Kyi —, Tom Andrews Organizations: CNN, Interim, Administration, Office, “, Pro Tem, Administration Council, Information, UN, Rights, United Nations Office, Humanitarian Affairs Locations: Myanmar

☆ Andre Seldon Jr., Utah State football transfer, dies in apparent cliff diving accident
▼ + stars: | 2024-07-21 | by ( Melissa Alonso | ) edition.cnn.com time to read: +2 min

CNN —Incoming Utah State cornerback Andre Seldon Jr. died Saturday in an apparent cliff-diving accident at a reservoir about 20 miles from the school’s campus, the university said in a statement. The university identified the victim as Seldon, 22, who was joining the football team this year after two seasons at New Mexico State University and two at the University of Michigan. “Our football program is heartbroken to have to endure the loss of one of our own,” said Utah State interim Head Coach Nate Dreiling, who had joined the program after serving as New Mexico State’s defensive coordinator for two seasons. Seldon, who played all 15 New Mexico State games in 2023, transferred into the football program over the summer and was set to start classes this fall, according to the university. “Having had a previous relationship with Andre during our time together at New Mexico State, I can tell you he was an incredible person and teammate,” Dreiling said.

Persons: Andre Seldon Jr, Seldon, ”, Nate Dreiling, Andre, ” Dreiling, “, ” Seldon, Danielle Smith, Andre Seldon Sr Organizations: CNN — Incoming Utah State, Utah Department of Public Safety, New Mexico State University, University of Michigan, Utah State, New Mexico State’s, New Mexico State, “, New, Athletics Locations: Utah, New Mexico, New Mexico State

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