China's President Xi Jinping speaks upon his arrival via high-speed rail, ahead of the 25th anniversary of the former British colony's handover to Chinese rule, in Hong Kong, China June 30, 2022. - A + A HONG KONG (June 30): Hong Kong has overcome its challenges and "risen from the ashes", China's President Xi Jinping said on Thursday, as he arrived in the former British colony to celebrate 25 years since its return to Chinese rule. Xi is to swear in the global financial hub's new leader, John Lee, on Friday during his first visit to the city since 2017, which is also his first known trip outside the mainland in more than two years, amid the Covid-19 pandemic. Wearing masks, Xi and his wife, Peng Liyuan, stepped off a high-speed train to be greeted by children waving flowers and Chinese and Hong Kong flags who chanted, "Welcome, welcome, warmly welcome" in Mandarin. "Hong Kong has withstood severe tests again and again, overcoming challenges one by one," Xi … [Read more...] about Hong Kong has ‘risen from the ashes’, China’s Xi says on rare visit
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Ginni Thomas Won’t Testify to Jan. 6 Committee, Lawyer Says — Here’s What We Know About Her Efforts To Overturn The Election
Share to Twitter Share to Linkedin Topline Conservative activist Ginni Thomas, wife of Supreme Court Justice Clarence Thomas, will not testify to the House January 6 Committee as of now, her lawyer told the committee in a letter Tuesday, following a string of reports suggesting the justice’s wife supported efforts to overturn the 2020 presidential election—including corresponding with Trump attorney John Eastman —that her attorney claims are being blown out of proportion. Key Facts The House January 6 Committee has obtained email correspondence between Thomas and Eastman, the Washington Post first reported on June 15, as part of a tranche of documents a judge forced Eastman to turn over to the committee regarding his efforts to help Trump overturn his election loss. The Post reported the emails “show that Thomas’s efforts to overturn the election were more extensive than previously known” but did not give any details about their … [Read more...] about Ginni Thomas Won’t Testify to Jan. 6 Committee, Lawyer Says — Here’s What We Know About Her Efforts To Overturn The Election
‘No Thanks’ To Hands-Free Driving, Consumers Say
Share to Twitter Share to Linkedin More is not necessarily better when it comes to new and emerging technologies designed to help drivers. Many consumers have a strong interest in partially automated driving systems, but prefer those that require them to keep their hands on the wheel, stay engaged and have attention safeguards. Those are the highlights of a new survey conducted by the Insurance Institute for Highway Safety , a nonprofit financed by the insurance industry. “Automakers often assume that drivers want as much technology as they can get in their vehicles,” Alexandra Mueller, a research scientist at the Insurance Institute and the survey’s primary designer, said in a statement. “But few studies have examined actual consumer opinions about partial driving automation.” For the nationwide survey, which was released on Thursday, more than 1,000 drivers were asked about three common systems: lane centering, automated lane changing and … [Read more...] about ‘No Thanks’ To Hands-Free Driving, Consumers Say
Harris Says ‘If’ Biden Runs, She Would Be On The Ticket
Vice President Kamala Harris said “if” President Joe Biden should run for re-election, she would be his running mate, according to the New York Post (NYP). “The president intends to run, and if he does, I will be his ticket-mate,” Harris told reporters while en route to San Francisco, according to the NYP . “We will run together.” A pool report from Los Angeles Times reporter Erin Logan said “The White House said [Harris] wanted to clarify comments she made on CNN a few days ago.” Speaking Monday on CNN, Harris said that Biden would be running. “Joe Biden is running for re-election, and I will be his ticket-mate,” Harris said. VP KAMALA HARRIS: “Joe Biden is running for re-election, and I will be his ticket mate. Full stop.” pic.twitter.com/hilPvvzp5W — The Tennessee Holler (@TheTNHoller) June 28, 2022 Biden has also made it clear he intends to choose Harris as his running mate, saying during a January press briefing he was satisfied with Harris’ work. … [Read more...] about Harris Says ‘If’ Biden Runs, She Would Be On The Ticket
U.S. And Allies Have Frozen $30 Billion Of Sanctioned Russians’ Assets, DOJ Says
Share to Twitter Share to Linkedin Topline The U.S. and its allies have frozen more than $30 billion worth of sanctioned Russians’ funds and other financial assets since the invasion of Ukraine, the Department of Justice announced Wednesday, as countries continue to put economic pressure on Russia to end its invasion of Ukraine. Key Facts The Russian Elites, Proxies, and Oligarchs Task Force–made up of representatives from the U.S., the U.K., Australia, Italy, Germany, France, Japan, Canada and the European Commission–has also blocked a combined $300 billion in Russian Central Bank funds from circulating, the DOJ said. Those billion-dollar figures don’t include the personal possessions seized from sanctioned Russians, like swathes of luxury real estate , multiple superyachts and other high-value assets, the agency said. Those sanctions also prevent Russia from acquiring the technology and other goods that allow it to “sustain its … [Read more...] about U.S. And Allies Have Frozen $30 Billion Of Sanctioned Russians’ Assets, DOJ Says
Payments Bank model can be cracked, but RBI should allow small-ticket loans to boost growth, says Fino PB MD Gupta
Fino Payments Bank MD and CEO Rishi Gupta The Reserve Bank of India (RBI) must now think of allowing Payments Banks to advance small loans to borrowers from their own books, Fino Payments Bank Managing Director Rishi Gupta says. Gupta was speaking to Moneycontrol on June 30 in the context of RBI guidelines that do now allow Payments Banks to give loans; they are allowed to accept deposits of up to Rs. 2 lakh. “If small, micro lending is allowed, Payments Banks will become a better, full-fledged model without requirement of conversion to an SFB (Small Finance Bank). It has been seven years since RBI issued guidelines in 2015,” Gupta said. Payments Banks are required to be licensed as small finance banks for them to give loans, access more deposits and boost their profitability “Today we have more data points, information reports by credit bureaus, KYC (Know Your Customer) improvements have happened…it may be good if RBI can review the Payments Bank guidelines and within … [Read more...] about Payments Bank model can be cracked, but RBI should allow small-ticket loans to boost growth, says Fino PB MD Gupta
‘I Don’t Need To Have Numbers’: Gov. Hochul Trying To Pass Strict Gun Control Says She Has No Evidence To Support Her
Democratic New York Gov. Kathy Hochul said she doesn’t “need to have numbers” to back up her strict gun control proposals. Hochul is set to convene a special session Thursday to push through new tighter gun control restrictions after the Supreme Court recently overturned a nearly century-old law that restricted concealed carry permits. Among the proposals include banning firearms from government buildings, courthouses, hospitals and schools. Another proposal would ban firearms at any private business unless the business has a sign explicitly stating guns are allowed, CBS 6 Albany reported . Speaking at a press briefing Wednesday, Hochul said after the high court overturned the law, gun owners would carry more. “All of a sudden now you’re on the streets. Now you’re going to bars, this is not the Wild West, this is New York State,” Hochul said. A reporter then asked whether Hochul had any data to support her gun control push. (RELATED: NY Gov. Hochul Says Law-Abiding Gun … [Read more...] about ‘I Don’t Need To Have Numbers’: Gov. Hochul Trying To Pass Strict Gun Control Says She Has No Evidence To Support Her
Billionaire Former F1 Boss Bernie Ecclestone Says He’d ‘Take A Bullet’ For Putin
Share to Twitter Share to Linkedin Topline British billionaire and former F1 CEO Bernie Ecclestone called Russian President Vladimir Putin a “first-class person” in a TV interview on Thursday, breaking rank with several other business and political leaders in the U.K. who have been critical of the Russian leader following his decision to invade neighboring Ukraine. Key Facts In an interview on the British TV show Good Morning Britain, Ecclestone said he would “still take a bullet” for Putin when asked if he still regarded the Russian leader as his friend. The former F1 boss added that Putin is doing “something he believed was the right thing” and is doing it for Russia. Ecclestone was much more derisive in his assessment of Ukrainian President Volodymyr Zelensky, bringing up his past as a comedian and adding that it seems “he wants to continue that profession.” The billionaire said if Zelensky had made a “big enough effort” to speak … [Read more...] about Billionaire Former F1 Boss Bernie Ecclestone Says He’d ‘Take A Bullet’ For Putin
Malaysia needs both climate change mitigation and adaptation plan, says Greenpeace Malaysia
The Edge filepix for illustration purpose only - A + A KUALA LUMPUR (June 30): The effects of climate change are causing significant economic losses for Malaysia, undermining infrastructure and development efforts, and impacting livelihoods, says Greenpeace Malaysia. The non-governmental organisation in a statement said this was apparent with flooding in several states in December 2021 that claimed 55 lives, affected 125,000 people, left 50,000 cars damaged and broken down, as well as about RM2.6 billion in property damage. “A recent study by the Centre for Research on Energy and Clean Air (CREA) and Greenpeace Malaysia reported that in 2019 alone, Malaysia lost almost RM303 billion (US$73 billion) due to ambient air pollution, mostly from power plants and industrial activities. “Even worse, it is estimated that 32,000 people die each year due to air pollution in the country. Studies have also linked deforestation to increased flooding in Malaysia, and the … [Read more...] about Malaysia needs both climate change mitigation and adaptation plan, says Greenpeace Malaysia
‘Socialist Agenda’: Rep. Andy Barr Says Biden’s Infrastructure Plan Is Part Of An Agenda That Won’t Receive ‘Bipartisan Support At All’
Rep. Andy Barr said Wednesday that President Joe Biden’s infrastructure plan is part of an agenda that won’t receive any bipartisan support. “Unfortunately, Maria, I think this is window dressing, this is one more phase of a socialist agenda,” Barr said on Fox Business Network’s “Mornings with Maria.” The president introduced his $2 trillion American Jobs Plan in Pittsburgh, Pennsylvania, at the end of March. Biden’s plan allocates $10 billion towards “a new Civilian Climate Corps,” $25 billion for revamping and building child care facilities in “high need areas,” and $35 billion for investments in technological development to address climate change, according to a White House fact sheet. (RELATED: Tucker Carlson Calls Out Biden’s Infrastructure Plan, Says It’s A Green New Deal, Reparations Bill) WATCH: The Kentucky Republican said the president’s agenda would raise taxes and added that Biden’s American Jobs Plan “spends 93% of the funds that they’re proposing … [Read more...] about ‘Socialist Agenda’: Rep. Andy Barr Says Biden’s Infrastructure Plan Is Part Of An Agenda That Won’t Receive ‘Bipartisan Support At All’