This suggests that the market is still deeply concerned about the growth prospects of China's big internet companies, and is looking for more specific commitments from the government. Coupled with a weakening economy, the campaign has wiped out more than $1 trillion off the market value of Chinese companies. The Hang Seng Tech Index, a key index for Chinese tech firms listed in Hong Kong, dropped as much as 2.3% on Wednesday. The "Chinese government appears to be running out of policy tools to support growth," said Ken Cheung, chief Asian FX strategist at Mizuho Bank. The escalating downside risks for growth might have prompted the leadership to end the tech crackdown quickly, Cheung said.
May 18, 2022 17:52 UTC
By DAVID BAUDER, AP Media WriterNEW YORK (AP) — Chris Wallace will host a Sunday night interview show for CNN starting this fall, the network said Wednesday in announcing a new home for the best-known personality from the since-imploded CNN+ streaming service. “Who's Talking to Chris Wallace,” which will also air on HBO Max, was the program he was doing for CNN+ before new corporate owners Warner Bros. Wallace, formerly of Fox News Channel, has made some appearances on the television network, including on primary coverage Tuesday night. Licht's point was driven home by his boss David Zaslav, Warner Bros. “We at CNN intend to advocate for journalism first, to advocate for news and truth," Zaslav said.
May 18, 2022 17:10 UTC
TV-New Season-CNN FILE - Moderator Chris Wallace of Fox News speaks as President Donald Trump and Democratic presidential candidate former Vice President Joe Biden participate in the first presidential debate in Cleveland on Sept. 29, 2020. Wallace will host a Sunday night interview show for CNN starting this fall. (Olivier Douliery/Pool via AP, File) (Olivier Douliery)NEW YORK — (AP) — Chris Wallace will host a Sunday night interview show for CNN starting this fall, the network said Wednesday in announcing a new home for the best-known personality from the since-imploded CNN+ streaming service. "Who's Talking to Chris Wallace," which will also air on HBO Max, was the program he was doing for CNN+ before new corporate owners Warner Bros. Chris Licht, the new CNN Worldwide chairman, also told advertisers at a Manhattan presentation that CNN was "reimagining" its weekday morning show with the intent of being a "disruptor" in the space.
May 18, 2022 17:07 UTC
Huge drug smuggling tunnel with rail system discovered under US-Mexican borderOfficials confiscated 799kg of cocaine, 75kg of meth and 1.6kg of heroinAuthorities in the US have stumbled upon an underground smuggling tunnel on the US-Mexican border that runs the length of six football fields. AdvertisementAmerican authorities discovered an enormous tunnel complete with reinforced walls, electricity, ventilation and a rail system last week and are now obligated by law to fill it in with cement. Upon further investigation, they discovered a hole carved into the floor connected to the tunnel that ended in Tijuana, Mexico. A 1,744 foot drug smuggling tunnel 61 feet underneath Trump’s border wall is discovered between Tijuana Mexico and Otay Mesa, south of San Diego. It has reinforced walls, a rail system, electricity, and a ventilation system.
May 18, 2022 17:03 UTC
Two teens died this week after separate accidents in which they were buried in sand caves they were digging. • At Utah’s Coral Pink Sand Dunes State Park on Saturday, Ian Spendlove, 13, of Santa Clara, Utah, was buried by about 6½ feet of sand when a tunnel he was digging collapsed, park officials said. He was taken to a hospital in St. George but never regained brain activity, and he died on Sunday. • At a beach in Toms River, N.J., Levy Caverley, 18, of Maine, died Tuesday after sand fell in on a large hole he was digging with his sister. In 2008, a similar accident occurred at Santa Cruz’s Natural Bridges State Park.
May 18, 2022 17:00 UTC
Chris Wallace's streaming home may be dead, but his show will live on. CNN confirmed Wednesday the former Fox News anchor will host a show on its cable network. Who's Talking to Chris Wallace will air Sunday evenings on CNN and also be available to stream on HBO Max. Wallace left Fox News in December 2021, becoming one of the biggest names to join CNN's new streaming service, CNN+, where he hosted a daily talk show. News of Wallace's move was announced Wednesday by CNN's new CEO, Chris Licht, who said he's looking to "reimagine" CNN's morning programming.
May 18, 2022 16:46 UTC
On Tuesday, May 17, the national Latinx and Chicanx nonprofit organization, Mijente, released the first comprehensive investigation which captures Latinx experiences with police and their perceptions on law enforcement and public safety. 📢BREAKING: ‘Futuro y Esperanza: Latinx Perspectives on Policing & Safety’ is the nation’s FIRST comprehensive investigation abt Latinx experiences & perceptions on policing & public safetyData is power. For instance, while Afro-Latinx respondents reported higher levels of unpleasant or violent interactions with police, people of all races reported experiencing negative interactions with police as well. About 62% of Latinx respondents (six out of 10), reported that a close friend or family member has experienced an unpleasant or unsafe encounter with law enforcement officials. However, 87% of Latinx respondents did say they support sending professional healthcare workers and social workers to emergency scenes instead of police.
May 18, 2022 16:44 UTC
The Government Disinformation Board has been “paused” and the board’s executive director, Nina Jankowicz, has officially resigned from her position, according to a Wednesday report from The Washington Post’s Taylor Lorenz. The Department of Homeland Security only announced the effort to combat disinformation in late April. Citing “multiple employees” at the Department of Homeland Security, Lorenz reported it was decided to end the effort on Monday, and Jankowicz wrote up a letter of resignation the following day. UPDATE: Nina Jankowicz has officially resigned from Disinformation Governance Board and the DHS. “Any hiring decisions are up to the Department of Homeland Security, but this is a person with extensive qualifications,” she said.
May 18, 2022 16:32 UTC
Its “war on woke” acts instead to legitimise and amplify views and opinions that are radicalising an extremist right. Carlson has been criticised for promoting the right-wing conspiracy trope “Great Replacement Theory” which argues that elites want to “replace” white Americans — “legacy Americans”, Carlson calls them — with sometimes Jewish, sometimes non-white migrants. Carlson, he said, wasn’t talking about white replacement. Like US Republicans who have picked up the Fox version of the theory, Carlson has been eager to stress that it’s not about race, saying the nation should work toward a “colour-blind meritocracy”. Critics aren’t having it, recognising the danger that a powerful voice like Fox has in amplifying racism.
May 18, 2022 16:28 UTC
MSNBC anchor Katy Tur claimed on Tuesday that there is a “tamer version” of “white nationalism” that is “now pretty mainstream in the Republican Party.”Interviewing University of Buffalo official Henry Lewis Taylor Jr., who is Black, on Katy Tur Reports, Tur asked for his reaction to President Joe Biden visiting Buffalo on Tuesday, just days after a shooting on Saturday at the Tops Friendly Markets, where Payton Gendron allegedly killed 10 people and wounded three others. “I wonder what you thought of President [Joe] Biden today, knowing that in some respects his hands are tied on the issue, at least of guns. There’s not enough support in Congress for gun legislation. Republicans are not widely in favor of it, so it can’t pass,” said Tur. The president labeled the shooting as domestic terrorism.
Source:New York Times
May 18, 2022 16:24 UTC
London (CNN Business) Europe can't make up its mind on how to pay for Russia natural gas imports that continue to fuel homes, businesses and power stations. The confusion centers on the logistics of the payments themselves. Several European gas buyers have been preparing to work around the Kremlin's demand that gas bills be paid in rubles, rather than the euros or dollars stipulated in contracts. According to Russia's new payment mechanism, buyers in "unfriendly" countries must open two accounts at Gazprombank — one in euros and the second in rubles, from which payments for the gas would be made. But on Tuesday, the European Commission said companies opening an account in Russia's Gazprombank to allow their payments to be converted into rubles would fall foul of EU sanctions.
May 18, 2022 16:22 UTC
Chris Wallace is coming to primetime, as CNN CEO Chris Licht previews his vision for the future of the news channel. Wallace’s show will be part of a new “CNN Sunday” programming block, which will also include a longform journalism series. Discovery upfront Wednesday morning by Licht, who also announced some other changes coming to CNN. For starters, Licht said that CNN will “reimagine” CNN’s morning show, leveraging the network’s journalists and correspondents. He landed at CNN+, where he interviewed guests like Bob Iger and Jen Psaki in a longform interview format.
May 18, 2022 16:22 UTC
Exactly 366 days after closing a blockbuster deal to marry Warner Bros. and Discovery, David Zaslav took the upfront stage Wednesday morning for the first time as CEO of the newly merged media behemoth. “There is no news organization in the world like CNN,” he said, praising the company’s news-gathering skills and comparative lack of opinion programming. But that’s not what Warner Bros. She noted that Warner Bros. produced her film debut, The Color Purple, referred to Zaslav as “Mr. Z” and, in one of the morning’s many callbacks to the past, even acknowledged the difficulty of launching her cable network over a decade ago.
May 18, 2022 16:13 UTC
Chris Licht made his first public appearance as CNN chairman and CEO at the Warner Bros. The most significant announcement was that the now-defunct CNN+ interview-style show Who’s Talking to Chris Wallace? At CNN+, Who’s Talking? will return to production this fall with episodes on HBO Max and on our CNN linear channel on Sunday evenings. on HBO Max and CNN, Wallace will remain a CNN anchor.
May 18, 2022 16:06 UTC