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Gallium and germanium will be subject to export controls starting August 1 “to protect national security and interests,” China’s Ministry of Commerce said in a statement Monday. Gallium and germanium are used in a variety of products, including computer chips and solar panels. Beijing’s move comes just days after the Dutch government announced new restrictions on exports of some semiconductor equipment, drawing an angry response from Beijing, according to Reuters. The new rules mean that ASML (ASML), Europe’s largest tech firm, will need to apply for export licenses for products used to make microchips. Critics of the decision “could ask the US government why it holds the world’s largest germanium mines but seldom exploits them.
Persons: Janet Yellen, Yellen, — Olesya Dmitracova Organizations: Paris CNN — Beijing, China’s Ministry of Commerce, . Geological Survey, Reuters, China, US, Communist Party, Treasury Locations: Paris, United States, Europe, China, Beijing, Japan, Italy, Washington, Netherlands
Rize: Turkey’s hidden mountain hideaways
  + stars: | 2023-07-03 | by ( Feride Yalav-Heckeroth | ) edition.cnn.com   time to read: +11 min
CNN —Rize province, on the Black Sea coast near Turkey’s northeast border with Georgia, is still largely unknown to many international travelers. Away from Rize itself – the seaside city which lends its name to the province – the area’s valleys and plateaus, surrounded by high-altitude mountain ridges, have remained largely rural. With high rates of rainfall, Rize’s mountain villages (yayla) become a point of escape from summer temperatures. “The state of tourism in Rize is not very pleasant because visitors often arrive without much knowledge about the local culture or the nature. “I think the purpose of coming to Rize shouldn’t be to rush through everything and take a few selfies.
Persons: Orhan Eskiva, café, hamsili, Rize’s, Zeyne, Ahmet Şişman, İbrahim Birben, it’s, Dağ Evi, Trebizond, Emre Corbaci, Taşkın, , Elif, Peri, Deniz Demirci Tarakçı, Çinçiva, , Işık Güner, Feride, Conde Nast Organizations: CNN, Ottomans, Apo, Rize Zua Coffee Locations: Rize, Turkey’s, Georgia, Rize province, Çamlıhemşin, Forestry, Karadeniz, Russia, Senyuva, Çamlıhemşin’s, Mola, Sümela, Trabzon, Zilkale, Armenian, Şenyuva, Istanbul, Pokutsal, Peri, Rize Zua, Yasemin, Barcelona, Fırtına, , Lake Constance, Kinfolk
Here are the meanings of the least-found words that were used in (mostly) recent Times articles. Literally, in Amleth’s case, as he hacks, stabs and cudgels his way over ramparts and through muddy dooryards and alleyways. — ‘The Northman’ Review: Danish Premodern (April 21, 2022)7. vanillin — the main part of vanilla extract:The treat is so beloved that Somerville is home to an annual What the Fluff? festival, where tens of thousands of people celebrate every possible use of the concoction, a mixture of corn syrup, sugar, egg white and vanillin. — In ‘Mandela: The Lost Tapes,’ a Veteran Journalist Finds Himself (Nov. 30, 2022)And the list of the week’s easiest words:
Persons: plena, — Bush, villanelle, Adam Giannelli’s paean, Proust, lollop —, palapa, appellee, Marshall, dooryard —, , Eggers —, vanillin, Somerville, napoleon, paean, Stewart, Mr, Gutfeld, paeans, Stengel, ‘ Mandela, Organizations: Scottish Highlands, Junior, Fox, Fox News, Locations: Puerto Rican, Mexico, Russia, Englanders, New York, Breton
The Chinese planner said it supports domestic airlines cooperating with Airbus according to their needs. He also witnessed the signing of the agreements between the NDRC and the European companies separately in Berlin and Paris, according to the Chinese planner. Relations are also strained from recent moves by European Union regulators and governments to limit China’s access to sensitive technology. In March, the European Commission president Ursula von der Leyen called on Europe to reassess its diplomatic and economic relations with China. “Germany is committed to actively broadening our economic relations with Asia and beyond,” Scholz said at a joint press conference with Li, according to French news agency AFP.
Persons: Guillaume Faury, Zheng Shanjie, Li Qiang, Li, Ursula von der Leyen, Olaf Scholz, ” Scholz, China’s Sinochem Organizations: Hong Kong CNN, Moscow, Airbus, BMW, Mercedes, Benz, Volkswagen, Siemens, BASF, National Development, Reform Commission, Union, ASML, European, AFP Locations: Hong Kong, China, Ukraine, Paris, Tianjin, Europe, European, Berlin, Beijing, Russia, United States, Netherlands, Germany, Asia, Italy
Ukraine Strikes Major Bridge Supplying Russian Troops
  + stars: | 2023-06-22 | by ( ) www.wsj.com   time to read: 1 min
The Pivot That Could Save Chili’s at Least $6.5 Million a YearCooking a burger at Chili’s used to take five minutes. Now, it takes about two. WSJ’s Heather Haddon breaks down the small changes the chain is making to save time and costs in the kitchen, and the potential pitfalls of the strategy. Photo illustration: Ryan Trefes
Persons: WSJ’s Heather Haddon, Ryan Trefes
And in November 2001, the hotel heiress made a fashion statement that etched itself in the annals of noughties style. To top it off, she wore a tiara, applied a glossy pink lip and pink eyeshadow and clutched onto a furry Barbie-branded handbag. At just 20 years old, Paris Hilton — pictured here with Nicole Richie as the pair attended a Britney Spears concert in Las Vegas — was already being dubbed a culture-defining noughties "It Girl." In a playful mauve take on the label's classic tweed separates, Naomi Campbell walks the runway during Chanel's Spring-Summer 1994 show. Paris Hilton walks the runway during Versace's Spring-Summer 2023 show on September 23, 2022 in Milan.
Persons: CNN —, Paris Hilton, Greta Gerwig, Margot Robbie, July’s, Barbie, Hilton, bestie Nicole Richie —, Britney Spears, Nicole Richie, Las Vegas —, , , Paris, Oscar de la, Christian Dior, Ralph Lauren, Barbiecore, supermodels Naomi Campbell, Claudia Schiffer, Carla Bruni, Naomi Campbell, Michel Arnaud, Corbis, Thierry Mugler’s, Herve Leger, Cindy Crawford, Karen Mulder, Eva Herzigova, Moschinos’s, Mattel’s plaything, Vittorio Zunino Celotto, Barbie dreamhouse, Mary Jane heels, She’s Organizations: CNN, Paris, New, Hollywood Locations: , Las Vegas, Paris, New York, Los Angeles, tweed, Couture, Milan, Bahamas
Satellite stray’s lonely orbit has a cash booster
  + stars: | 2023-06-22 | by ( ) www.reuters.com   time to read: +2 min
LONDON, June 22 (Reuters Breakingviews) - SES and Intelsat are orbiting away from each other. After being locked in merger talks since March, the two satellite operators have decided instead to pursue their own turnaround plans independently. Both companies operate in the stagnant satellite-video market and so would have been doubling down on an old technology. And the combined company would have been burdened with a heavy initial net debt load of around 4 times combined EBITDA, according to Deutsche Bank analysts. It wants to broaden its business to new areas, like the medium earth orbit constellations, which provide quick internet connections in hard-to-reach places.
Persons: Steve Collar, Pamela Barbaglia, Neil Unmack, Oliver Taslic Organizations: Reuters, SES, Intelsat, Deutsche Bank, Elon, SpaceX, U.S, Twitter, Intel, Thomson Locations: Luxembourg
How Jerome Powell Became the U.S.’s Most Powerful Economic Voice Jerome Powell, as the chair of the U.S. Federal Reserve, appears to hold the country’s economic health in his hands. It’s a coveted role that has earned him both praise and criticism. Here’s how balancing aggressive and conservative policy got him to the top. Illustration: John McColgan for The Wall Street Journal
Persons: Jerome Powell, It’s, John McColgan Organizations: U.S . Federal Reserve, Wall Street
Brisbane, Australia CNN —Li Cunxin, who found international fame for his remarkable rise from rural China to become one of the world’s leading ballet dancers, has announced his retirement as the artistic director of Queensland Ballet due to health issues. Li later moved to Australia with his former dancer partner, now wife, Mary Li, where they became a powerful creative force at Queensland Ballet, one of the country’s premier ballet companies. “When I think about what Li Cunxin has achieved in life, for his family in China, for his family around the world, for ballet, for Queensland, for Queensland Ballet, it is nothing short of sensational,” Clark said. Li was tempted back to the stage by the role at Queensland Ballet, which has doubled in size under his stewardship to 48 dancers, performing some of the world’s most challenging repertoires. Mary Li also works at the company as Ballet Mistress and Principal Repetiteur, and will also be retiring at the end of this season, the statement said.
Persons: Australia CNN — Li Cunxin, Li, Mao Zedong, Mary Li, ” Li, Brett Clark, Li Cunxin, ” Clark, , Queensland Ballet Li Cunxin, Brisbane Patrick Hamilton, Jiang Qing, Mao’s, Madame Mao, Mary McKendry, Repetiteur, Clark, Mary Organizations: Australia CNN, Queensland Ballet, Beijing Dance Academy, Consulate Locations: Brisbane, Australia, China, United States, Queensland, AFP, Qingdao, Shandong, Texas, American, Houston, Australian
Modi Meets Musk: Indian PM Arrives in U.S. for State Visit
  + stars: | 2023-06-21 | by ( ) www.wsj.com   time to read: 1 min
The Pivot That Could Save Chili’s at Least $6.5 Million a YearCooking a burger at Chili’s used to take five minutes. Now, it takes about two. WSJ’s Heather Haddon breaks down the small changes the chain is making to save time and costs in the kitchen, and the potential pitfalls of the strategy. Photo illustration: Ryan Trefes
Persons: WSJ’s Heather Haddon, Ryan Trefes
‘Intel Outside’ is more like it these days
  + stars: | 2023-06-21 | by ( ) www.reuters.com   time to read: +2 min
The cash will come in handy for the company whose “Intel Inside” campaign is part of marketing lore, but the benefits of putting the subsidiary on a path to a standalone future are bigger. IMS dominates a specialized niche of semiconductor manufacturing, making laser-based tools that construct masks used to etch complex patterns on silicon-wafer circuitry. With Intel, Taiwan Semiconductor Manufacturing Corp (2330.TW), and others rushing to build plants, there’s plenty of business. Intel’s own ambitious plans, including a recently unveiled $33 billion expansion in Germany, have opened it up to talking with outside investors. IMS might benefit similarly from being outside Intel.
Persons: Robert Cyran, Jeffrey Goldfarb, Katrina Hamlin Organizations: YORK, Reuters, IMS, Bain Capital, Intel, Taiwan Semiconductor Manufacturing Corp, Twitter, Thomson Locations: Germany, Cava
The Pivot That Could Save Chili’s at Least $6.5 Million a YearCooking a burger at Chili’s used to take five minutes. Now, it takes about two. WSJ’s Heather Haddon breaks down the small changes the chain is making to save time and costs in the kitchen, and the potential pitfalls of the strategy. Photo illustration: Ryan Trefes
Persons: WSJ’s Heather Haddon, Ryan Trefes
Amazon's subscription spat is anything but prime
  + stars: | 2023-06-21 | by ( ) www.reuters.com   time to read: +2 min
NEW YORK, June 22 (Reuters Breakingviews) - Amazon.com’s (AMZN.O) Prime service is a club that’s hard to quit - literally. Competition cop Lina Khan filed a complaint on Wednesday alleging that the e-commerce giant enrolled U.S. customers in its subscription product unwittingly and made cancellation unlawfully difficult. When it comes to sharp sales practices, other companies have done worse, but the Amazon case could still hurt. Citigroup analysts estimate that Prime subscribers spend up to 2.5 times more than non-subscribers on Amazon’s marketplace. That extra spending matters: Amazon’s North America segment recorded a razor-thin operating profit margin of 1.2% last quarter.
Persons: Lina Khan, Khan, Wells, isn’t, shouldn’t, Jonathan Guilford, John Foley, Katrina Hamlin Organizations: YORK, Reuters, Federal Trade Commission, FTC, Citigroup, Twitter, Intel, Thomson Locations: U.S, America, Cava
India’s $1 bln education buyout is a studied bet
  + stars: | 2023-06-21 | by ( ) www.reuters.com   time to read: +2 min
MUMBAI, June 21 (Reuters Breakingviews) - The biggest merger in Indian corporate history has opened the door for private equity giant EQT (EQTAB.ST) to enter the country’s education finance market. The deal is touted as the largest ever PE buyout in the country’s financial sector and values Credila at roughly 101 billion rupees ($1.2 billion), or roughly 37 times earnings in the last financial year. The target specalises in education financing for those looking to universities in the United States, the UK and Canada for higher education. The buyers will also inject 20 billion rupees into Credila, which should help give the company, already a market major, an edge over rivals including state-controlled banks and the Warburg Pincus-backed Avanse Financial Services. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.
Persons: HDFC, Credila, BPEA EQT, Warburg Pincus, Shritama Bose, Robyn Mak, Thomas Shum Organizations: Reuters, Chrys Capital, Bajaj Finance, Financial, Twitter, Virgin, Thomson Locations: MUMBAI, Swedish, United States, Canada, India, Credila, Cava
London CNN —Italy has imposed several curbs on Pirelli’s biggest shareholder, Sinochem, in a move aimed at blocking the Chinese government’s access to sensitive chip technology. The government order risks inflaming tensions between Europe and Beijing, and follows similar intervention by Germany and the United Kingdom to protect their semiconductor technology. The order sets a host of limitations on Sinochem’s involvement in Pirelli, including a bar on it devising the company’s strategy and financial plans, or appointing a CEO. It requires that Pirelli refuse any requests from Sinochem’s owner — China’s State-owned Assets Supervision and Administration Commission of the State Council — for information sharing, including any information connected to the “know-how” of proprietary technologies. Separately, Rome is also assessing whether to renew its partnership with Beijing on the Belt and Road Initiative — China’s global infrastructure and investment megaproject.
Persons: Pirelli, Antony Blinken, Sinochem, Pirelli’s, , — Laura Organizations: London CNN —, ASML, CNN, Pirelli, Union, Supervision, Administration Commission, State, AstraZeneca, Financial Times, Sequoia Capital, European Commission, Reuters Locations: London CNN — Italy, Europe, Beijing, Germany, United Kingdom, Netherlands, China, Ukraine, — China’s, Rome, Italy, Hong Kong
June 19 (Reuters) - The United States regrets a decision by Mali's interim military authorities to ask a United Nations peacekeeping force to leave the country, the State Department said on Monday, calling for an "orderly and responsible" drawdown of the mission. "The United States regrets the transition government of Mali’s decision to revoke its consent for MINUSMA," State Department spokesperson Matthew Miller said. "MINUSMA's drawdown must be orderly and responsible, prioritizing the safety and security of peacekeepers and Malians." MINUSMA was deployed by the U.N. Security Council in 2013 to support foreign and local efforts to restore stability. U.N. Security Council members had started to discuss a draft resolution to extend MINUSMA's mandate, which expires on June 30.
Persons: Abdoulaye Diop, Matthew Miller, MINUSMA, Miller, Michelle Nichols, Daphne Psaledakis, Franklin Paul, Jonathan Oatis Organizations: United Nations, State Department, Mali's, Security, Department, . Security, Thomson Locations: United States, Mali, France, Russia, West Africa, El
NEW YORK, June 16 (Reuters) - Mali's interim military authorities on Friday asked for a United Nations peacekeeping force to leave "without delay", citing a "crisis of confidence" between Malian authorities and the decade-long U.N. mission known as MINUSMA. MINUSMA was deployed by the U.N. Security Council in 2013 to support foreign and local efforts to restore stability. "This situation is begetting mistrust among the Malian population and also causing a crisis of confidence between Malian authorities and MINUSMA," he said. Security Council members must adopt a resolution to extend MINUSMA's mandate by June 30. U.N. Secretary-General Antonio Guterres recommended this month that the Security Council extend MINUSMA's mandate for a year, maintaining the current authorized strength of some 15,000 troops and police.
Persons: MINUSMA, Abdoulaye Diop, Wagner, Russia's U.N, Vassily Nebenzia, Nebenzia, Nicolas de Riviere, de Riviere, U.N, Antonio Guterres, Michelle Nichols, Bate Felix, Alessandra Prenticel, Frank Jack Daniel, Grant McCool Organizations: YORK, United Nations, West, . Security, Foreign, Security, UN, Thomson Locations: France, MINUSMA, Russia, China, United States, Britain, Mali, al Qaeda, State, Sahel, El
Virgin Galactic defies gravity
  + stars: | 2023-06-16 | by ( ) www.reuters.com   time to read: +2 min
NEW YORK, June 16 (Reuters Breakingviews) - The Virgin Galactic (SPCE.N) countdown has begun. Richard Branson’s space tourism company said on Thursday it plans to launch its first commercial flight within days. Virgin Galactic also depends on there being enough people willing to pay $450,000 for a few minutes in weightlessness. If Virgin Galactic could carry six passengers a week, and earn a 20% EBITDA margin, it would someday generate about $30 million of such earnings. For a company that has so badly missed previous projections, it’s Virgin Galactic’s valuation that is out of this world.
Persons: Richard, Jeff Bezos, Elon Musk, Robert Cyran, Jeffrey Goldfarb, Streisand Neto Organizations: YORK, Reuters, Virgin, Galactic, Origin, SpaceX, Southwest Airlines, Twitter, Thomson Locations: Cava
Generali’s pounce may win over in-house sceptics
  + stars: | 2023-06-16 | by ( ) www.reuters.com   time to read: +2 min
The 29 billion euro Italian insurer on Thursday agreed to purchase Liberty Seguros, a group of European businesses, from U.S. insurer Liberty Mutual for 2.3 billion euros in cash. The Italian insurer’s largest acquisition since 2013 nearly exhausts its M&A firepower, which the group had assessed at between 2.5 billion euros and 3 billion euros. At 2.3 billion euros, or nearly two times its 1.2 billion euros of annual revenue, Liberty Seguros’ price tag does not look cheap. But the real price falls to 1.8 billion euros after factoring in around 500 million euros of cash expected from a sale of Brazilian assets announced earlier this year. Assuming three-quarters of these are cost cuts, they may be worth around 800 million euros once taxed at 25% and capitalised.
Persons: Francesco Gaetano Caltagirone, Philippe Donnet, Generali, Lisa Jucca, Pierre Briancon, Oliver Taslic Organizations: MILAN, Reuters, Liberty, Liberty Mutual, Axa, Allianz, Twitter, Thomson Locations: U.S, Italian, Iberia, Spain, Portugal, Europe, Cava
The Pivot That Could Save Chili’s at Least $6.5 Million a YearCooking a burger at Chili’s used to take five minutes. Now, it takes about two. WSJ’s Heather Haddon breaks down the small changes the chain is making to save time and costs in the kitchen, and the potential pitfalls of the strategy. Photo illustration: Ryan Trefes
Persons: WSJ’s Heather Haddon, Ryan Trefes
Dubbed the “island of the Gods,” Bali is one of the world’s most popular tourist destinations, regularly ranking high on global travel polls. The new rules will apply to Bali’s 22 mountains, which have now been closed indefinitely for climbers. Mountains and volcanoes are popular among many visitors who flock to Bali to enjoy its beaches, jungles and rice paddy fields. Guides and local agencies told CNN that it was still business as usual but heavily lamented the ban. “Bali is only starting to bounce back from the pandemic, now is not a good time to be choosing which tourists we want.
Persons: CNN —, ” Wayan Koster, , Wayan Koster, Batur, Che, Mount Agung, , Sandiaga Uno, it’s, Tjokorda Bagus Pemayun Organizations: CNN, CNN — Bali’s, Foreigners, Police Locations: Bali, Indonesia, Mount Agung, Bali’s, Russian, Seminyak, Mount, Jakarta
A Genius Tomato Salad Primed for Picnics
  + stars: | 2023-06-14 | by ( Melissa Clark | ) www.nytimes.com   time to read: +1 min
Closer to home, an easier alfresco option might be your very own backyard (or stoop, sidewalk, courtyard or fire escape). Yotam Ottolenghi has a new recipe this week that’s slightly more involved, but just as colorful and fresh. Zaalouk with tahini is a Moroccan salad with spiced tomatoes, peppers and eggplant, all coated in a plush tahini-lemon dressing. Scoop it up with bread as a light meal, or serve it alongside roasted meats or fish for something more substantial. I ate it with flaky sea salt sprinkled on top and some vanilla ice cream on the side.
Persons: maven Nikita Richardson, We’ve, Sue Li’s, Ottolenghi Organizations: Food, Hamptons Locations: New York City, New York, Williamsburg, Moroccan
Jay Monahan, the PGA Tour commissioner, had gone unnoticed in Venice last month. He was in town for the same wedding that had brought al-Rumayyan to Venice. If the motor sports executive spotted the PGA Tour’s leader, he would assuredly connect the presences of Monahan and al-Rumayyan, and golf’s greatest secret might get out. The civil war that had disrupted and defined the once genteel sport — for example, Monahan once publicly asked whether PGA Tour players had ever felt compelled to apologize for competing on the circuit — was abruptly suspended. The tour’s reputation was stained and many of its loyalists were furious, but its coffers were poised to overflow.
Persons: Jay Monahan, Yasir al, LIV, Stefano Domenicali, Monahan, Domenicali, Organizations: PGA Tour, PGA, LIV Golf Locations: Venice, Italy, Saudi
‘Dalíland’ Review: Landscape With Vipers
  + stars: | 2023-06-08 | by ( Manohla Dargis | ) www.nytimes.com   time to read: +2 min
One of the best things about “Dalíland,” Mary Harron’s amused and amusing fictional look at the singular Salvador Dalí, is that it isn’t a cradle-to-grave exhumation. An anodyne pretty boy, James serves as a proxy for the viewer, a wide-eyed tourist in a seductively foreign land. James isn’t all that interesting, either, and there’s too much of him in the movie. This isn’t Briney’s fault; he’s pleasant to look at, and he manages his transition from tourist to accidental Dalí-wood guide well enough. The relationship provides tension and mystery that the well-matched Kingsley and Sukowa complicate with gargoyle masks and shocks of vulnerability.
Persons: , Mary Harron’s, Salvador Dalí, Dalí’s, James, Christopher Briney, who’s, Ben Kingsley, Barbara Sukowa, Dalí ’, Captain Moore, Rupert Graves, Alice Cooper, Mark McKenna, Amanda Lear, Suki Waterhouse, James isn’t, grubbing, Kingsley Locations: York, Regis, New York
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Persons: Dow Jones
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