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    In this article BTC.CB= BTC.BS=-USS CNBC.com's MacKenzie Sigalos brings you the day's top business news headlines. On today's show, CNBC's Kate Rooney explains why Chinese property developer Evergrande Group's debt crisis could be trouble for Tether. Plus, Johnson & Johnson finds a second shot of its Covid vaccine to be 94% effective against infection. The global economy could...
    A number of key world leaders were notably absent from President Joe Biden's Friday morning climate forum. Chinese President Xi Jinping and Indian Prime Minister Narendra Modi, representing the two countries the scientific community believes are the linchpins in effectively combating climate change, did not participate in the reconvening of the Major Economies Forum on Energy and Climate. Both heads...
    Media watch: The Times Cozied Up to the CCP “The world’s verdict on the lab leak seems to be shifting,” notes Ashley Rindsberg at UnHerd — but let’s not forget who stifled debate: The New York Times “set the news and policy agenda on the lab-leak hypothesis, discrediting it and anyone who explored it” — “while taking money from Chinese...
    Compartir Tweet Compartir Compartir E-mail This weekly roundup of news from mainland China, Taiwan, and Hong Kong attempts to collect the most important news in the industry, including influential projects, changes in the regulatory landscape, and enterprise blockchain integrations. It was a tumultuous week in China outside the financial world, with severe flooding hitting Zhengzhou and Typhoon In-Fa...
    Hong Kong (CNN Business)Chinese tech stocks are continuing their big sell-off as investors continue to digest Beijing's widening crackdown on private enterprise. Meituan dropped 16% in Hong Kong on Tuesday, eclipsing Monday's massive 14% loss — making it the food delivery firm's worst two days on record. That plunge — which combined, has wiped out more than $56 billion in...
    The United States and its allies blamed China’s Ministry of State Security for the massive hack against Microsoft this year, with the Justice Department also charging members of the Chinese intelligence agency over a separate global espionage campaign. The U.S. did not implement sanctions against China like it did against Russian intelligence hackers earlier this year. “The PRC’s...
    More On: china Washington needs to answer Beijing’s growing aggression toward Taiwan US sanctions Chinese officials over Hong Kong democracy crackdown China’s cyber-watchdog sends authorities to Didi as it amps up probe This Chinese company now sells more smartphones than Apple The US and its allies slammed China on Monday for a wide range of “malicious cyber activities” —...
    More On: fast takes Politicized pharmaceuticals and other commentary Three media lies about critical race theory and other commentary The right fix for voting laws and other commentary The DeSantis moment and other commentary Libertarian: Justice Thomas’ Pot Rebuke Sixteen years after the Supreme Court ruled the federal marijuana ban applies even when individual states have legalized it, Justice...
    More On: fast takes The DeSantis moment and other commentary China’s Nobel chutzpah and other commentary Canada’s woke regime and other commentary Big Labor’s gift to itself and other commentary Election expert: The Right Fix for Voting Laws “It’s easy to see why” the Democrats’ S1 bill — the “For the People Act” — stalled, snarks Honest Elections Project...
    (CNN)The Pentagon is pulling missile defense systems and other military hardware and personnel from Saudi Arabia and other countries in the Middle East, according to a defense official, as it realigns its mission and forces to confront China and Russia. Defense Secretary Lloyd Austin instructed the commander of US Central Command, which oversees the region, to remove the forces this...
    Fan culture in China will see new regulations this year, says the country's internet watchdog. Zhongxin Media/Weibo China's internet watchdog is cracking down on its fan communities, per an announcement this week. This comes after fan groups dumped mass amounts of milk into drains. They were buying the milk in bulk to support their favorite reality TV contestants....
    A Massachusetts public school system is encouraging students, parents and staff members to report each other for incidents of 'bias' and 'microaggressions', such as saying the principal is 'crazy', mispronouncing names and scheduling tests on 'cultural holidays'. Wellesley Public Schools represents 2,000 elementary pupils, 1,100 in middle school and 1, 500 in high school, 15 miles west of Boston. The...
    President Joe Biden said Sunday he did not want to hold a joint press conference with Russian President Vladimir Putin because he wasn't interested in a 'contest' after he raises serious issues with his counterpart. 'This is not a contest about who can do better in front of a press conference or try to embarrass each other,' Biden said at...
    Leaders who met for their final day at the G7 in Cornwall issued a final communique where they called on China to respect 'fundamental freedoms' and called for a 'science-based' probe of the origins of the coronavirus. The text of the communique included a detailed passage on China, after haggling between member nations over how far to push Beijing.  'We...
    Leaders who met for their final day at the G7 in Cornwall have reached a consensus on calling out human rights abuses in a special communique – but it is not yet clear that it will mention China by name. Leaders attending the summit have made contending with China's economic ambitions and countering its human rights practices a prime focus,...
    VIDEO5:1705:17Apple and other U.S. companies remain under pressure to answer for China's 'repression,' says Sen. Chris CoonsSquawk Box Apple, Cisco and other U.S. companies with deep ties to China are under increasing pressure to address Beijing's "repression of human rights and democracy," one of President Joe Biden's key allies in the Senate said Thursday on CNBC's "Squawk Box." The comments...
    More On: Coronavirus Psaki says China must give answers on COVID at first full-capacity WH briefing Blinken can’t say how US will punish China for lab leak if cover-up proven Letters to the Editor — June 7, 2021 Here’s when Cuomo says all NY COVID restrictions will be lifted Conservative: The Pandemic’s True Villain The Federalist’s Georgi Boorman charges...
    Scientists: All Signs Point to Lab Leak “The most compelling reason to favor the lab-leak hypothesis is firmly based in science,” physician Steven Quay and physicist Richard Muller declare in The Wall Street Journal. There was already plenty of circumstantial evidence to support the theory, not least the fact that the only Chinese laboratory capable of handling coronavirus experiments happens...
    More On: fast takes TSA mask mandate all for show and other commentary ‘Lab leak’ discredits the experts and other commentary A message for black parents and other commentary The city DOE’s ‘child soldiers’ and other commentary Medical beat: A Rising ‘Anti-Racist’ Menace In a guest column at Bari Weiss’ Common Sense site, Katie Herzog highlights “the rapid spread...
    More Uyghur Muslims exiled from their home country of China said that they were tortured and forced to undergo late term abortions, the Associated Press reported Thursday. The publication spoke with three Uyghurs who were forced to flee from China’s Xinjiang region, including one woman who said that Chinese authorities forced her to abort her unborn baby 6 1/2...
    A woman receives a nucleic acid test for COVID in Guangzhou, a port city in China's southern Guangdong province. Chen Chuhong/China News Service via Getty Images The Chinese government is scrambling to suppress a new emergence of COVID cases in the country's south. Strict travel restrictions and mass-testing procedures were put in place in Guangzhou. The new cases...
    More On: fast takes It’s good to be Clarence Thomas and other commentary Randi Weingarten isn’t fooling parents and other commentary How America became like the European Union and other commentary Biden’s downhill presidency and other commentary Education beat: The City DOE’s ‘Child Soldiers’ The city’s Department of Education has “a potent cudgel” against those who oppose scrapping the...
    More On: fast takes Biden’s perverse read of labor law and other commentary End outdoor mask mandates and other commentary John Kerry’s loose lips and other commentary Team Biden is totally lost on the border and other commentary From the right: Canada’s Vaccine Disaster The “government health-care systems in Canada and Europe have repeatedly failed” during the pandemic, notes...
    Hong Kong (CNN Business)Chinese regulators have ordered more than a dozen tech companies to fix the most "prominent problems" of their financial units, escalating a historic crackdown on the sector that has already engulfed some of the country's top players.In a statement Thursday, the People's Bank of China said that it had summoned 13 companies, including Tencent (TCEHY), JD.com (JD),...
    More On: fast takes Why liberals love censorship and other commentary ‘Vaccine passport’ perils and other commentary Cuomo’s stalling strategy and other commentary New York’s recovery trails nation and other commentary Foreign desk: Disrespecting Joe While “the left may control the media narrative, it’s not fooling Xi Jinping or Vladmir Putin into thinking President Joe Biden is strong,” snarks...
    From the left: Why Liberals Love Censorship “Rather than look inward” for why their message is failing and “political extremism is on the rise,” Democrats have opted for censorship and blacklisting, writes Matt Taibbi at his TK News site, summing up a recent Thomas Frank article that infuriated the left. Frank tells Taibbi, “The right-wing noise machine” has been “cranking...
    Tehran and Beijing are now “strategic partners”. China is increasing its presence in the Persian Gulf.
    China and others are targeted for human rights violations. The Burmese junta for the coup. Turkey escapes European wrath at this stage. Lhe first-ever list of sanctions imposed by the EU for massive human rights violations was extended on Monday. To the four Russian officials already targeted in early March in connection with the...
    Containing China and revitalizing strained alliances are the two main objectives of Defense Secretary Lloyd Austin’s first overseas trip to the critical Indo-Pacific region, but he will also try to draw India closer to the United States, said defense officials and experts. Hoping to rebound from Trump-era quarrels over basing agreements in Japan and Korea, Austin declared he will embrace...
    CHINA has issued what's thought to be the world's first Covid vaccine passport. In a boost to international travel, Beijing also plans to accept other countries' vaccine health certificates being used by passengers. ???? Read our coronavirus live blog for the latest news & updates... 5China has rolled out what's believed to be the world's first Covid vaccineCredit: Getty Images - Getty...
    Shanghai (China), March 4 (EFE) .- The benchmark index of the Hong Kong Stock Exchange, the Hang Seng, closed today with losses of 2.15%, mainly led by digital giants and other technology titles. The selective lost 643.63 points to 29,236.79, while the index that measures the behavior of mainland Chinese companies listed on the Hong Kong stock market, the Hang...
    More On: fast takes Biden’s vaccine inertia and other commentary Kamala-mania seizes the press and other commentary Stop pretending for Cuomo and other commentary Cuomo’s scandal rocks world and other commentary Libertarian: Lockdowns Don’t Work “Despite the stark difference in policy,” America and Britain “saw remarkably similar COVID-19 trends this winter,” Reason’s Jacob Sullum points out. Prime Minister Boris...
    “Yesterday (Wednesday) evening, I spent two hours on the phone with Xi Jinping without any interruption,” the White House’s new tenant from the Oval Office on Thursday showed his willingness to stand firm against Beijing. “If we do nothing, they will crush us,” he added, at the end of an unusually long exchange between the leaders of the two leading...
    “Yesterday (Wednesday) evening, I spent two hours on the phone without interruption with Xi Jinping,” said the new tenant of the White House from the Oval Office on Thursday, showing his willingness to be firm against Beijing. “If we do nothing, they will crush us,” he added, at the end of this unusually long exchange between the leaders of...
    China on Wednesday slapped sanctions on 28 Trump administration officials and allies, including former Secretary of State Mike Pompeo and Steve Bannon, alleging that they made "crazy moves" that weakened U.S.-China relations. The sanctions forbid the people listed and their families from entering mainland China, Hong Kong, and Macau. In addition, any companies or institutions associated with them "will...
    “China has decided to sanction 28 people who have seriously violated Chinese sovereignty”, its foreign ministry said in a statement released just as Joe Biden was taking over as president in Washington. Besides Mike Pompeo, are notably mentioned by Chinese diplomacy Peter Navarro, trade advisor to Donald Trump, Robert O’Brien, who was one of his national security advisers, Alex...
    U.S. Secretary of State Mike Pompeo speaks during a press conference at the Great Hall of the People on June 14, 2018 in Beijing, China.Lintao Zhang | Getty Images WASHINGTON – The Chinese government slapped sanctions on former Secretary of State Mike Pompeo, former National Security Adviser Robert O'Brien and former trade adviser Peter Navarro, along with other members of...
    Hong Kong (CNN Business)The Trump administration is inflicting even more damage on Chinese businesses — including smartphone maker Xiaomi — with just days to go before President-elect Joe Biden takes office. The US Defense Department on Thursday added nine Chinese firms, including Xiaomi, to a list of companies the agency claims are owned or controlled by China's military. Businesses on...
    More On: fast takes Americans don’t want ‘change’ and other commentary The price of defunding police and other commentary Stop politicizing the pandemic and other commentary Wokeness is no mere academic threat and other commentary From the right: Lessons From Georgia After Republicans lost both Senate seats in a runoff that will go down as “the most consequential in history,”...
    From the right: The Price of Defunding Police Democrats who rushed to join the #DefundThePolice drive now realize “that their spineless pandering to the woke mob might for once come at a steep political cost, not to mention a societal cost as well,” note the editors of the Washington Examiner. To backtrack, “Democrats tried to redefine” defunding as just reallocating...
    Media watch: 2020’s 10 Most Buried Stories At RealClearPolitics, retired editor Frank Miele — who used to help choose AP’s top 10 stories of the year — is so fed up with journalism that he is offering his first annual “Last Chance to Wake Up and Smell the News They Tried to Kill” list. Among 2020’s top-contender stories: “Mutating lockdowns”...
    Speech watch: Beware Section 230 Repeal Those on the left and right calling for a complete repeal of Section 230 of the Communications Decency Act need to realize it would “return us to the legal no-man’s land” that prohibits even “good Samaritan” censorship, explain Sen. Ron Wyden and ex-Rep. Chris Cox in USA Today. Without the law, every one...
    Hong Kong (CNN)When they brought him his passport, Jeff Harper thought he was getting out. He stared at the document, its navy cover embossed with the United States seal, as it gradually dawned on him that the Chinese police officer, in his broken English, was describing something quite different."He said something about a residential surveillance house," Harper said. "I had no...
    Foreign desk: How To Stand Up to China Beijing’s neighbors took grim note last month when China issued 14 trade demands to Australia, writes Robert A. Manning at The National Interest, because the list seems “a very conscious reprise” of imperial Japan’s “now-infamous Twenty-One Demands” to China a century ago, as Tokyo began “building its Greater East Asia Co-Prosperity Sphere.”...
    Doctor: Deadly Foot-Dragging at the FDA “FDA regulators are wasting precious time in greenlighting a COVID vaccine,” Dr. Marty Makary argues at The Dispatch, “as more than 2,000 Americans are dying each day and the pandemic continues to starve American society.” Pfizer sent in its vaccine data on Nov. 22, but “rather than immediately convening experts, the FDA scheduled...
    A woman suspected of being a Chinese spy targeted a host of politicians nationwide — California officials and congressmen, Midwestern mayors, and more — with a particular focus on Democratic Rep. Eric Swalwell, bundling donations for him and helping place an intern in the now-Intelligence Committee member’s Washington, D.C., office. Christine Fang, a Chinese national believed to be working...
    The coronavirus, the trade war and the riots in Hong Kong are some of the causes. ..- From trade to the situation in Hong Kong to the coronavirus, the reasons for the confrontation between China and the United States abound since the coming to power of Donald Trump. Since 1979, when both powers resumed diplomatic...
    (CNN)Congratulations have been pouring in for President-elect Joe Biden and Vice President-elect Kamala Harris from leaders around the world -- but not all have been forthcoming in acknowledging the projected victors of the 2020 US presidential election.Among the notable holdouts are the strongmen who President Donald Trump has cozied up to and heaped praise upon over the last four years....
    China is removing domes and other decorative elements from mosques across the country.  The move is part of a cultural whitewash to suppress the influence of Islam, according to a report in The Telegraph. The Nanguan Mosque in Yinchuan, capital of Ningxia province, has had its bright green domes and golden minarets removed.  Images shared online by Christina Scott, the UK's deputy head of...
    Voters getting their last side-by-side look at President Trump and Democratic presidential nominee Joe Biden before the Nov. 3 election saw a pair of antagonistic rivals engaging in harsh back-and-forths that was still calmer than their initial encounter. The candidates notably started their second and final debate in Nashville in hushed tones compared to their first clash in Cleveland last...
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