Torbjørn Færøvik's Blog, page 242

NASDAQ 11,787.27 0.58% Fear & Greed Index 69 Top Chinese investment banker Bao Fan is latest CEO to go missing

 One of China’s top investment bankers has become unreachable, according to his company. China Renaissance, an investment bank and private equity firm based in Beijing, said in a Thursday filing to the Hong Kong stock exchange that it “has been unable to contact” Bao Fan, its chairman and CEO.Shares of the company plunged as much as 50% in Hong Kong on Friday following the news. The stock closed

FBI lab will get to the ‘guts’ of Chinese balloon – White House

The US has finished work to recover sunken remnants of the Chinese balloon shot down off the coast of South Carolina and the debris reinforces that it was for spying, officials have said. The White House national security spokesman, John Kirby, said the wreckage included “electronics and optics” but declined to say what the US had learned from it so far.“It’s a significant amount [of recovered

Journalist held without trial in China said to need urgent medical attention

Advocates for a Chinese journalist and activist who has been held in detention without trial for almost 18 months have said she needs urgent medical attention. Huang Xueqin and Wang Jianbing, a labour rights activist, were detained in September 2021 and formally arrested a month later. They have been accused of inciting subversion of state power, and held in Guangzhou without access to family or

Frp vil avslutte «dyptgående» forsknings-samarbeid med Kina

Regjeringen bør «avslutte forskningssamarbeidet med land som Norge ikke har sikkerhetspolitisk samarbeid med og som våre sikkerhetstjenester mener at kan utgjøre en særlig etterretningstrussel mot Norge.»Det er forslaget Fremskrittspartiet (Frp) onsdag fremmet i Stortinget. På spørsmål om hvilke land han ser for seg at det gjelder viser Himanshu Gulati, som sitter i utdanningskomiteen på

Kinas ambassade om stipend-kritikk: «Ukorrekte og villedende» påstander

Mandag fortalte Khrono om innholdet i kontraktene kinesiske deltakere i stipendprogrammet China Scholarship Council (CSC) må signere. I den forplikter studenter og forskere seg blant annet til å ikke delta i «aktiviteter» som «skader nasjonale interesser» og «lydig følge pålegg fra ambassadenes ledelse (…)», skrev Khrono.Ambassaden bekrefter at kontraktene finnes, men mener altså at opplysningene

The Countries Most in Debt to China

According to World Bank data analyzed by Statista, countries heavily in debt to China are mostly located in Africa, but can also be found in Central Asia, Southeast Asia and the Pacific. As the new preferred lender to low-income countries, China now holds 37 percent of these nations' debt. Just 24 percent of the countries' bilateral debt comes from the rest of the world in 2022.The "New Silk Road

U.S. concerned about debt Pakistan owes China, official says

The United States is concerned about debt owed to China by Pakistan and other countries, U.S. State Department Counselor Derek Chollet said on Thursday during a visit to Islamabad as the country dealt with an economic crisis.Pakistan, historically a close ally of Washington, has become increasingly close to China, which has provided billions in loans and is Islamabad's largest single creditor.

China declares 'decisive victory' over COVID-19

China's top leaders declared a "decisive victory" over COVID-19, claiming the world's lowest fatality rate, although experts have questioned Beijing's data as the coronovirus tore across the country after largely being kept at bay for three years. China abruptly ended its zero-COVID policy in early December, with 80% of its 1.4 billion population becoming infected, a prominent government

Joe Biden Leaves Crucial Mystery About UFOs Unexplained

President Joe Biden addressed the media Thursday about a number of unidentified flying objects shot down by the U.S. military over the past couple weeks, following days of questions from the press and members of Congress. In about eight minutes of remarks, Biden walked reporters through how the three objects—one over Alaska, one over Canada and one over Lake Huron—were tracked and ultimately shot

Competitor or adversary? West struggles to define relationship with Beijing

If you want to solve a problem, it helps to be able to define it, but when it comes to a problem like China, western leaders have been struggling to find the right words. Liz Truss sought to designate China as a “threat” to Britain, but did not stay prime minister long enough for that to become established policy. Her successor, Rishi Sunak, has opted for the less combative “systemic challenge”