Month: September 2021

Fumio Kishida Set to Be Japan’s Next Prime Minister After Winning Liberal Democratic Party Election

September 29, 2021
Asia & PacificCCP VirusCOVID-19 pandemicLiberal Democratic PartyPrime Ministerstimulus packageWorldYoshihide Suga
0 Comment

Fumio Kishida is set to become the next prime minister of Japan after he was elected leader of the country’s ruling Liberal Democratic Party (LDP) on Wednesday. The 64-year-old, who is Japan’s former foreign minister, beat the country’s Minister for Administrative and Regulatory Reform and Vaccination Rollout, Taro Kono, securing 257 votes to 170. Two female contenders, Sanae Takaichi,…

Read More

Wall Street Stumbles on Rising Treasury Yields, Inflation Worries

September 29, 2021
Business & EconomyCompaniesEconomieseconomyinflationInvestmentLocal NewsMarketsMedia & Big TechNew YorkNY NewsRegional-Local NewsStumblestreasuryUSUS NewsWall Streetyields
0 Comment

Wall Street stocks ended sharply lower on Tuesday (Sept. 28) in a broad sell-off driven by rising U.S. Treasury yields, deepening concerns over persistent inflation, and contentious debt ceiling negotiations in Washington. All three major U.S. stock indexes slid nearly 2 percent or more, with interest rate sensitive tech and tech-adjacent stocks weighing heaviest as…

Read More

COVID-19 Vaccine Should Not Be Mandated for Children: Dr. Scott Atlas

September 29, 2021
AMERICACCP VirusCOVID-19Dr. Scott AtlasHealth NewsMind & BodyPUBLIC HEALTH INFORMATIONUSUS NewsVaccineVaccines & Safety
0 Comment

The COVID-19 vaccine should not be mandated for children since it does not “necessarily benefit” them like the vaccines required for school and child care, according to former White House COVID-19 adviser Dr. Scott Atlas. “Those vaccines that are mandated for children, even if you believe they should be mandated, are for diseases that are…

Read More

Innocent Travellers Could be Pawns in Hostage Diplomacy

September 29, 2021
Asia & PacificAustraliaChinaHuaweiInternationalInternational RelationsMeng WanzhouOpinionThinking About ChinaWorld
0 Comment

Commentary It was no coincidence that as Meng Wanzhou, daughter of Huawei’s founder Ren Zhengfei, was released from home detention in her mansion in Canada, two Canadians—former diplomat Michael Kovrig and businessman Michael Spavor—were also released from prison in China. Meng, Huawei’s chief financial officer, was being held on a U.S. extradition request relating to the…

Read More

Unpaid by Evergrande, Supplier Sells Porsche and Home to Rescue His Business

September 29, 2021
bankruptcyBusiness & EconomyChinaChina Business & Economychina evergrandeCompanies
0 Comment

GUANGZHOU, China—Guo Hui, whose cleaning business is owed 20 million yuan ($3.1 million) by embattled real estate giant China Evergrande, is counting on the government to fix a crisis that has left his own company on the brink of bankruptcy. In the meantime, the 50-year-old known by friends and colleagues as “Brother Hui”, has sold…

Read More

Goldman Cuts China GDP Growth Forecast on Energy Supply Crunch

September 29, 2021
Business & EconomyChinaChina Business & EconomyEconomiesEnergy SupplyGDP
0 Comment

SHANGHAI—Goldman Sachs has cut China’s economic growth forecast for 2021 to 7.8 percent, from 8.2 percent, as energy shortages and deep industrial output cuts add “significant downside pressures”, it said in a note on Tuesday. The power supply crunch, brought about by environmental controls, supply constraints, and soaring prices, has forced industries throughout the country…

Read More

Santander to Pay Shareholder Remuneration of 1.7 Billion Euros

September 29, 2021
Business & EconomyCompaniesEconomiesprofitSantanderSpainWorld
0 Comment

MADRID—Spain’s Santander said on Tuesday its board had decided to make an interim distribution from 2021 earnings through a cash dividend and share buyback worth 1.7 billion euros ($2 billion), equivalent to 40 percent of its first-half underlying profit, The announcement comes after the ECB said in July it would lift restrictions on bank dividend…

Read More

Couple Celebrating 50th Anniversary Died in Train Derailment

September 29, 2021
AmtrakTrainUSUS News
0 Comment

SAVANNAH, Ga.—Don Varnadoe spent months watching videos about train trips on his office computer in preparation for a special cross-country vacation to celebrate his and Margie Varnadoe’s 50th wedding anniversary. He phoned his co-workers in coastal Georgia, where he sold real estate for decades, from the first leg of their trip Friday to let them…

Read More

American Airlines Signs Code-Sharing Pact With India’s Largest Airline

September 29, 2021
American AirlinesBusiness & EconomyCompaniesIndiaIndiGo
0 Comment

American Airlines announced a code-sharing agreement with India’s largest airline IndiGo on Tuesday, with the U.S. airline gearing up to launch new flights between the two countries. The agreement, which is expected to begin in October, will see American’s “code” on 29 of IndiGo’s domestic routes in India. Code-sharing allows an airline to sell seats…

Read More

Fed’s Powell Faces Heated Questions on Trading and Regulation

September 29, 2021
Business & EconomyEconomieseconomyjerome powellMarketsUSUS News
0 Comment

Federal Reserve Chair Jerome Powell faced heated questions on Tuesday from senators criticizing the central bank’s trading guidelines and financial regulation. Speaking to members of the Senate Banking Committee a day after two regional Fed presidents being scrutinized for their investment trades announced their retirements, Powell defended the central bank and vowed to improve policies…

Read More