east asia – TheNewsHub https://thenewshub.in Sun, 06 Oct 2024 00:39:35 +0000 en-US hourly 1 https://wordpress.org/?v=6.6.2 Naomi Osaka announces return to professional tennis in 2024 | CNN https://thenewshub.in/2024/10/06/naomi-osaka-announces-return-to-professional-tennis-in-2024-cnn/ https://thenewshub.in/2024/10/06/naomi-osaka-announces-return-to-professional-tennis-in-2024-cnn/?noamp=mobile#respond Sun, 06 Oct 2024 00:39:35 +0000 https://thenewshub.in/2024/10/06/naomi-osaka-announces-return-to-professional-tennis-in-2024-cnn/



CNN
 — 

Former world No. 1 Naomi Osaka intends to return to professional tennis in 2024, the 25-year-old said in an interview with ESPN on Wednesday.

The four-time major champion – who welcomed a baby girl in July with her boyfriend, rapper Cordae – said she plans to play a busy schedule next year.

“It’s definitely way more tournaments than I used to play,” Osaka told ESPN. “So, I think some people will be happy with that.”

“I think it’s because I realized that I don’t know how the beginning of the year is going to go for me. I don’t know the level of play and I think I have to ease into it. So at the very least, I’m going to set myself up for a very good end of the year,” Osaka said.

Osaka, who has not played since the Toray Pan Pacific Open in Tokyo in September 2022, has previously said she planned to return to tennis in 2024 for the Australian Open, a tournament she has won on two previous occasions.

Osaka was asked if her break from tennis made her miss it, to which she responded “definitely.”

“I’ve been watching matches and I’m like, ‘I wish I was playing too,’” Osaka said. “But I’m in this position now and I’m very grateful. I really love my daughter a lot, but I think it really fueled a fire in me.”

Osaka took some time away from competitive tennis and made several highly publicized disclosures about her struggles with mental health following an incident in 2021, where she was visibly stressed and emotional while addressing the media during a mandatory news conference at Roland Garros.

She subsequently pulled out of the French Open that year and revealed she had “suffered long bouts of depression” since winning her first major championship in 2018.

Osaka was in attendance at the US Open in New York on Wednesday. She also participated the same day in a forum on mental health at the USTA Billie Jean King National Tennis Center, joined by USA Olympic swimming legend Michael Phelps, US Surgeon General Dr. Vivek Murthy, and Dr. Brian Hainline, chairman of the US Tennis Association’s board and NCAA chief medical officer.

Osaka said she learned a lot from talking about her experiences with mental health and becoming an advocate for mental health awareness.

“I feel like I am someone that’s learning all the time. Obviously, I learned a lot from the talk as I was talking,” Osaka said. “I would say my role is just raising awareness and letting people know that they’re not alone.

“Physical pain and mental pain are sort of the same to me. We have doctors for physical health but when we talk about mental health it’s not as well received, so just raising awareness on that.”

She was also asked about her comments previously that she felt “lonely” while she was pregnant.

“I definitely only know this world, the tennis world,” Osaka said. “Just being away from that for a long time, it was new for me. I think it was just the new situation and not being able to train like I wanted to, it made me feel like I would just stay at home. … It felt like a lot of restrictions.”

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The most beautiful sections of China's Great Wall https://thenewshub.in/2023/09/18/the-most-beautiful-sections-of-chinas-great-wall/ https://thenewshub.in/2023/09/18/the-most-beautiful-sections-of-chinas-great-wall/?noamp=mobile#respond Mon, 18 Sep 2023 02:57:08 +0000 https://thenewshub.in/2023/09/18/the-most-beautiful-sections-of-chinas-great-wall/

Editor’s Note: Monthly Ticket is a CNN Travel series that spotlights some of the most fascinating topics in the travel world. In September, we’re celebrating superlatives as we look at some of the world’s biggest, tallest and most expensive attractions and destinations.



CNN
 — 

Having lived in Beijing for almost 12 years, I’ve had plenty of time to travel widely in China.

I’ve visited more than 100 cities, not to mention countless towns and villages throughout the mainland’s 31 provinces.

Looking back, I’ve come to realize it was my frequent visits to different parts of the Great Wall in Beijing that were a driving force behind my desire to explore the rest of the country and, along with it, the many sections of wall that lie outside the capital’s boundaries.

Work on the Great Wall began more than 2,500 years ago, its origins dating back to China’s Spring and Autumn Period of around 770 BCE to 476 BCE. Various sections were added in subsequent eras as competing dynasties and factions sought to exert their control.

Work eventually stopped in the 17th century.

Though not a single, unbroken structure, the wall spans over 21,000 kilometers, winding through 15 provinces, 97 prefectures and 404 counties.

And while certain sections have been incredibly popular among tourists, many parts have slipped into obscurity, disrepair and sometimes oblivion.

Whether you’re planning to visit the Great Wall for the first time or the 50th, the following destinations are sure to make your trip to China even more worthwhile. (Check out the above video for dramatic aerial footage of some of these amazing sites.)

The Great Wall is not simply a brick and mortar bulwark; in certain places, towers on jagged mountain peaks, fortress towns or even wide rivers count as sections of “wall.”

The Turtle City, built in the Ming Dynasty (1368-1644) as part of the Great Wall’s “Yellow River Defense Line,” was completed in 1608 and was home to around 2,000 infantrymen and 500 cavalry units during peak use.

Today, this fortress city is located in the Sitan Township of Jingtai County in north central Gansu province.

While there aren’t many real turtles in the “Turtle City,” the garrison town got its nickname due to its unique shape.

The south gate acts as the head and the west and east gates as the flippers. The town’s oval wall is the body, while the north gate acts as its tail. As one of the most well-preserved and truly authentic walled cities left in China today, it’s definitely worth your time.

Staying in the Jingtai County center is recommended. The ancient city is only a 30-minute cab ride from your lodgings, so you can visit whenever the light is best for photos.

When in Jingtai, try local specialties such as the five Buddha tofu and the Jingtai cold mixed noodles – both are spicy vegetarian dishes. A walk through the sprawling night market in Jingtai County People’s Square, which boasts more than 50 snack stalls, is also recommended for adventurous foodies.

Getting there: Lanzhou, the capital of Gansu province, has a major international airport and high-speed train connections from many cities in China. The drive to Yongtai Turtle City from downtown Lanzhou takes about 2.5 hours (195 kilometers). From Lanzhou Zhongchuan Airport, it’s only 1.5 hours (125 kilometers).

The Mutianyu and Jiankou sections of wall are about 25 kilometers in length.

Mutianyu and Jiankou are two parts of the same Stone Dragon – two contiguous sections of the Great Wall that together stretch for roughly 25 kilometers along Beijing’s mountaintops.

Historical records show that millions of men spent centuries constructing the Great Wall. Stand atop the wall at either Mutianyu or Jiankou, and you’ll begin to comprehend the gravity of this statement.

These two sections are arguably the two most classic examples of Ming Dynasty Great Wall surviving today, and climbing either is guaranteed to be a life-changing experience.

Mutianyu is the best portion of the “tourist wall.” Restored in the 1980s, it’s very commercial but also superbly beautiful. Visitors not up for the hike can take a cable car to the top.

To the west of Mutianyu, Jiankou is colloquially known as the “wild wall” – no ticket needed and not commercialized. That being said, as of 2020, hiking at Jiankou has become somewhat frowned upon by the local government because of safety concerns.

Mutianyu and Jiankou are less than a 90-minute drive (without traffic) from downtown Beijing, yet it’s highly recommended to enjoy a night in the countryside if time allows.

Jiankou can be accessed via Xizhazi village; if dates align, you might even be able to spend a few days with William Lindesay, world-renowned Great Wall historian, and his wonderful family at The Barracks, their wall-side courtyard home.

For lodgings around Mutianyu, The Brickyard is a superbly comfortable choice.

In fall and spring, shades of the wall’s gray brick contrast with nature’s vibrant colors. Peak autumn foliage and spring cherry blossoms provide stunning backdrops for photos.

For winter sports enthusiasts, there’s skiing and skating next to the Wall at locations not far from Mutianyu.

Getting to Mutianyu: Restrictions on applying for temporary driving licenses in China were relaxed in September 2019, so renting a car as a foreign tourist is entirely possible. (International driving licenses are not accepted in China.)

You can also hire a car with a driver for the day or take the Mutianyu Special Tourism Bus from the Dongzhimen Wai Bus Station.

Getting to Jiankou: Renting a car or booking private transport is recommended. As Xizhazi is a small village, buses are scarce so it can take up to five hours to get there by public transport, as opposed to 90 minutes by car.

This Gothic church was built in 1876.

Bataizi village sits just inside the Motianling section of the Great Wall and is home to the ruins of a Gothic church built in 1876 under the direction of a German missionary.

The church has been damaged and repaired numerous times in its nearly 150-year history; the bell tower is the only part still standing.

The juxtaposition of its ruins against the rammed-earth Great Wall makes Bataizi a unique place to spend a morning or afternoon.

After finishing your hike along the wall and visiting the church ruins, drop in to the village’s “new” church to say hello to Father Pan; if you speak Chinese, he can answer any questions about the village’s long connection with Catholicism.

Besides Bataizi, Datong should also be on your tourist map; visiting the Yungang Grottoes (a UNESCO world heritage site) and the Hengshan Hanging Temple will make your trip even more memorable.

Late summer is an ideal time to visit Bataizi, as you’ll see a wonderful contrast between the Great Wall and the lush green hills.

Getting there: Bataizi village is 80 kilometers west of Datong, one of Shanxi province’s largest and most famous cities. Zuoyun County is only 22 kilometers away from Bataizi – about a 35-minute drive.

Datong is easily accessible by plane or high-speed train from other cities in China; a taxi from downtown Datong to Bataizi should cost roughly 300 yuan (about $43).

Alternatively, you can make your way to Zuoyun County by bus then hop in a taxi.

In Datong, luxury seekers will want to head for the five-star Yunzhong Traditional Courtyard Hotel. Zuoyun County has one hotel that can accept foreigners: Zuoyun Jinshan International Hotel. Both can be found on popular hotel booking sites.

Laoniuwan, where the Great Wall and the Yellow River meet.

As the locals say, Laoniuwan is where the Great Wall and the mighty Yellow River shake hands.

The Laoniuwan Fortress was built in 1467, while the most famous tower of the Great Wall in this area, Wanghe Tower (literally meaning river-watching tower), was constructed in 1544.

Laoniuwan village is located in Pianguan County, part of Xinzhou city in Shanxi province, just across the river from Inner Mongolia.

Late summer or early fall is a great time to visit, as you’ll avoid the potentially dangerous mountain roads during spring rainstorms, or being uncomfortably cold in a place without great infrastructure.

Along the Great Wall, there are only a few places where it meets bodies of water; of all those, this is the most stunning.

A boat ride along the river is highly recommended. You’ll be able to soak in the natural beauty of the Yellow River Gorge while marveling at the steadfast resolve of these ancient architects.

Getting there: Laoniuwan is difficult to get to by public transportation. The best option is to rent or book a car to take you from Datong to Laoniuwan via Bataizi – this way, you’ll be able to see two incredible locations along the Great Wall in one trip.

Pianguan is the nearest city, about one hour away. Pianguan does not have a train station or an airport. The only option is to arrive by bus. Shuozhou, 140 kilometers from Laoniuwan, has an airport opening later this year.

Simatai's Fairy Tower is a sight to behold.

Construction on the Great Wall in Simatai began in 1373. It was expanded and reinforced periodically throughout the Ming Dynasty.

The Fairy Tower is one of the best-known towers of the wall at Simatai but also one of the least visited due to how difficult it is to access.

Instead, aim to take in incredible views of the Fairy Tower from Wangjing Tower (just a few hundred meters away). It’s a journey that will satiate even the most adventurous hikers, yet can be done without any ropes, ladders or other essential safety gear.

As with a visit to Mutianyu/Jiankou, this section of wall is guaranteed to deliver stunning views any time of year. My only suggestion is to wait for a clear day (usually visibility is great the day after it rains or snows), as the view from Wangjing Tower is unobstructed in every direction.

The hike to the Fairy Tower will leave you in awe of the Northern Barbarians’ supposed determination to reach the capital; the mountains are nearly impassable on foot, let alone by horse, with sheer cliff faces on either side.

It makes for absolutely world-class hiking and an interesting history lesson.

Five-star lodgings are available at Hobo Farm; they also have an incredible restaurant that serves delicious Western and Chinese fare. For 4.5 star lodgings with a lower price tag, try Yatou’s Homestay. Both can be found on major hotel booking sites.

Getting there: Both the Fairy Tower and Wangjing Tower should be accessed via Tangjiazhai village, located in Beijing’s Miyun district.

Tangjiazhai village is 140 kilometers from downtown Beijing, depending on your route. Booking a private car from the city is probably the most time-effective way to get there.

You can also take a high-speed train from Beijing Station to Miyun district and switch to a bus or taxi from there.

Dushikou stand seven meters tall in some spots.

Constructed during the reign of Emperor Jiajing (1507-1567), this single-wall section stands seven meters tall in some spots – no small feat considering it was made by piling stones.

It’s located just across the road from the town of Dushikou, in Chicheng in Hebei province.

The piled-stone wall at Dushikou is unique, as many other sections of the Great Wall close to Beijing were constructed using kiln-fired bricks.

Dushikou is best visited in the summer, specifically July and August, when the rolling hills of the surrounding grasslands are peak green. Cool evenings make for perfect outdoor barbecue/bonfire weather.

You’ll be able to find clean and comfortable farmhouse lodgings in Dushikou town; alternatively, Chicheng, 45 minutes away, has a range of hotels to choose from.

Lamb skewers and roast leg of lamb are specialties in these parts, as this part of Hebei is very close to the border with Inner Mongolia. Noodle lovers should also try the local oat noodles, which are delicious.

Getting there: Thanks to all the infrastructure built for the 2022 Winter Olympics, the drive to Dushikou has been shortened by almost two hours. If you prefer not to drive, hop on a bus to Chicheng from the Liuliqiao Transport Hub in Beijing and take a 45-minute taxi ride to Dushikou.

Note that public transportation will take one or two hours longer than private car.

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Look of the Week: Blackpink headline Coachella in Korean hanboks https://thenewshub.in/2023/04/18/look-of-the-week-blackpink-headline-coachella-in-korean-hanboks/ https://thenewshub.in/2023/04/18/look-of-the-week-blackpink-headline-coachella-in-korean-hanboks/?noamp=mobile#respond Tue, 18 Apr 2023 15:39:40 +0000 https://thenewshub.in/2023/04/18/look-of-the-week-blackpink-headline-coachella-in-korean-hanboks/

Editor’s Note: Featuring the good, the bad and the ugly, ‘Look of the Week’ is a regular series dedicated to unpacking the most talked about outfit of the last seven days.



CNN
 — 

Bringing the second day of this year’s Coachella to a close, K-Pop girl group Blackpink made history Saturday night when they became the first Asian act to ever headline the festival. To a crowd of, reportedly, over 125,000 people, Jennie, Jisoo, Lisa and Rosé used the ground-breaking moment to pay homage to Korean heritage by arriving onstage in hanboks: a traditional type of dress.

While the garments were shrugged off a few seconds into their opening track, “Pink Venom,” revealing each member’s custom black and pink Dolce and Gabbana outfit, fans across the world had already received the message. Screenshots of the moment quickly spread among Blackpink superfans, otherwise known as Blinks. “The way they stepped onto the biggest western stage in hanboks … literally proved their place at the top of the industry,” tweeted one Blink. “Blackpink really are in a league of their own.”

Another called the group “Korea’s cultural delegation” on Instagram, in reference to not only the hanboks but other visual cues incorporated into their show, such as one of the stage backdrops featuring an angular tiled roof reminiscent of traditional Korean architecture.

In recent years, Blackpink have enjoyed a meteoric rise to global fame. According to Guinness World Records, they are currently the most streamed female group on Spotify, and have the most-viewed music YouTube channel. Last year, they were the first female K-Pop group to reach number 1 in the UK and US album charts, and in 2020 their track “How You Like That” became the most viewed video on YouTube in 24 hours. (The group also wore modernized hanboks, designed by Kim Danha, in one of the music video’s scenes.) Their landmark set over the weekend was in fact a follow-up to another milestone: In 2019, they became the first female K-Pop group to ever play at Coachella or any other US festival.

From the iconic Jean Paul Gaultier cone bra worn by Madonna for her 1990 Blond Ambition tour to Geri “Ginger Spice” Halliwell’s Union Jack mini dress, the right stage costume can live on forever in public memory. Particularly when worn at a career-defining moment. During another watershed Coachella performance — Beyonce’s 2018 headline set — the singer’s custom Balmain collegiate-style yellow hoodie was a joyful nod to Black culture, specifically historically Black colleagues and universities.

The group’s four black hanboks were custom created by South Korean pattern design brand OUWR and traditional Korean dressmakers Kumdanje. Inspired by the Cheol-lik silhouette, each garment was hand-embroidered with metallic traditional Korean motifs, including dan-cheong patterns and peonies (a symbol of royalty in Korea). “It was our pleasure and such an honor to be able to show the beautiful values of Korea and Hanbok together,” the designers wrote in a combined Instagram post. “Blackpink showed the beauty of Korea and dazzled the world.”

The stage design was another acknowledgement of Korean heritage.

In Korea, hanboks are still worn for special occasions and often seen on TV dramas. Many designers in the country have also created contemporary takes that are incorporated into everyday wear. At Seoul Fashion Week, JULYCOLUMN’s Fall-Winter 2023 collection drew on the hanbok’s voluminous silhouette to create shirts and structured jackets. Last September, Korean label BlueTamburin brought the garment to a Western audience by exclusively using traditional hanbok fabric to create its Spring-Summer 2023 collection at Milan Fashion Week.

Whether you’re a devoted Blink or not, the looks marked a moment of Asian visibility, recognition of traditional craftsmanship and a powerful example of feeling seen through fashion — representing Korean culture and symbolically embracing both its past and future.

At the end of their performance, and having addressed the audience between numbers in English throughout their two-hour-long performance, Blackpink finished their set in Korean: “Until now, it has been Jennie, Jisoo, Lisa, and Rosé Blackpink. Thank you.”

Top image: Blackpink performing at the first weekend of Coachella 2023, shortly after removing their hanboks.



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Scientists film deepest ever fish on seabed off Japan https://thenewshub.in/2023/04/18/scientists-film-deepest-ever-fish-on-seabed-off-japan/ https://thenewshub.in/2023/04/18/scientists-film-deepest-ever-fish-on-seabed-off-japan/?noamp=mobile#respond Tue, 18 Apr 2023 15:32:03 +0000 https://thenewshub.in/2023/04/18/scientists-film-deepest-ever-fish-on-seabed-off-japan/

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CNN
 — 

Cruising at a depth of 8,336 meters (over 27,000 feet) just above the seabed, a young snailfish has become the deepest fish ever filmed by scientists during a probe into the abyss of the northern Pacific Ocean.

Scientists from University of Western Australia and Tokyo University of Marine Science and Technology released footage of the snailfish on Sunday filmed last September by sea robots in deep trenches off Japan.

Along with the filming the deepest snailfish, the scientists physically caught two other specimens at 8,022 meters and set another record for the deepest catch.

Previously, the deepest snailfish ever spotted was at 7,703 meters in 2008, while scientists had never been able to collect fish from anywhere below 8,000 meters.

“What is significant is that it shows how far a particular type of fish will descend in the ocean,” said marine biologist Alan Jamieson, founder of the Minderoo-UWA Deep Sea Research Centre, who led the expedition.

Scientists are filming in the trenches off Japan as part of a 10-year study into the deepest fish populations in the world. Snailfish are members of Liparidae family, and while most snailfish live in shallow water, others survive at some of the greatest depths ever recorded, Jamieson said.

During the two-month survey last year, three “landers” – automatic sea robots fitted with high-resolution cameras – were dropped into three trenches – the Japan, Izu-Ogasawara and Ryukyu trenches – at varying depths.

In the Izu-Ogasawara trench, footage showed the deepest snailfish hovering calmly alongside other crustaceans on the seabed.

Jamieson classified the fish as a juvenile and said younger deep sea snailfish often stay as deep as possible to avoid being eaten by bigger predators that swim at shallower depths.

Another clip shot at between 7,500 and 8,200 meters in the same trench showed a colony of fish and crustaceans munching at bait tied to an undersea robot.

Images of the two captured snailfish – identified as Pseudoliparis belyaevi – provide a rare glimpse of the unique features that help the deep sea species survive the extreme environment.

They have tiny eyes, a translucent body, and their lack of swim bladder, which helps other fish float, works to their advantage, Jamieson said.

The professor said the Pacific Ocean is particularly conducive to vibrant activity due to its warm southern current, which encourages sea creatures to go deeper, while its abundant marine life provides a good source of food for bottom feeders.

Scientists would like to know more about creatures living at extreme depths, but cost is the constraint, Jamieson said, adding that each lander alone costs them $200,000 to assemble and operate.

“The challenges are that technology has been expensive and scientists don’t have a lot of money,” he said.

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Micron Technology: China probes US chip maker for cybersecurity risks as tech tension escalates https://thenewshub.in/2023/04/04/micron-technology-china-probes-us-chip-maker-for-cybersecurity-risks-as-tech-tension-escalates/ https://thenewshub.in/2023/04/04/micron-technology-china-probes-us-chip-maker-for-cybersecurity-risks-as-tech-tension-escalates/?noamp=mobile#respond Tue, 04 Apr 2023 03:17:15 +0000 https://thenewshub.in/2023/04/04/micron-technology-china-probes-us-chip-maker-for-cybersecurity-risks-as-tech-tension-escalates/


Hong Kong
CNN
 — 

China has launched a cybersecurity probe into Micron Technology, one of America’s largest memory chip makers, in apparent retaliation after US allies in Asia and Europe announced new restrictions on the sale of key technology to Beijing.

The Cyberspace Administration of China (CAC) will review products sold by Micron in the country, according to a statement by the watchdog late on Friday.

The move is aimed at “ensuring the security of key information infrastructure supply chains, preventing cybersecurity risks caused by hidden product problems, and maintaining national security,” it noted.

It came on the same day that Japan, a US ally, said it would restrict the export of advanced chip manufacturing equipment to countries including China, following similar moves by the United States and the Netherlands.

Washington and its allies have announced curbs on China’s semiconductor industry, which strike at the heart of Beijing’s bid to become a tech superpower.

Last month, the Netherlands also unveiled new restrictions on overseas sales of semiconductor technology, citing the need to protect national security. In October, the United States banned Chinese companies from buying advanced chips and chipmaking equipment without a license.

Micron told CNN it was aware of the review.

“We are in communication with the CAC and are cooperating fully,” it said, adding that it stands by the security of its products. “Micron’s product shipments, engineering, manufacturing, sales and other functions are operating as normal.”

Shares in Micron sank 4.4% on Wall Street Friday following the news, the biggest drop in more than three months. On Monday, they closed another 1.2% lower. Micron derives more than 10% of its revenue from China.

In an earlier filing, the Idaho-based company had warned of such risks.

“The Chinese government may restrict us from participating in the China market or may prevent us from competing effectively with Chinese companies,” it said last week.

China has strongly criticized restrictions on tech exports, saying last month it “firmly opposes” such measures.

In efforts to boost growth and job creation, Beijing is seeking to woo foreign investments as it grapples with mounting economic challenges. The newly minted premier Li Qiang and several top economic officials have been rolling out the welcome wagon for global CEOs and promising they would “provide a good environment and services.”

But Beijing has also exerted growing pressure on foreign companies to bring them into line with its agenda.

Last month, authorities closed the Beijing office of Mintz Group, a US corporate intelligence firm, and detained five local staff.

Days earlier, they suspended Deloitte’s operations in Beijing for three months and imposed a fine of $31 million over alleged lapses in its work auditing a state-owned distressed debt manager.

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Erdogan's political fate may be determined by Turkey's Kurds https://thenewshub.in/2023/04/03/erdogans-political-fate-may-be-determined-by-turkeys-kurds/ https://thenewshub.in/2023/04/03/erdogans-political-fate-may-be-determined-by-turkeys-kurds/?noamp=mobile#respond Mon, 03 Apr 2023 14:54:00 +0000 https://thenewshub.in/2023/04/03/erdogans-political-fate-may-be-determined-by-turkeys-kurds/

Editor’s Note: A version of this story first appeared in CNN’s Meanwhile in the Middle East newsletter, a three-times-a-week look inside the region’s biggest stories. Sign up here.


Abu Dhabi, UAE
CNN
 — 

Turkey’s persecuted pro-Kurdish party has emerged as a kingmaker in the country’s upcoming election, playing a decisive role that may just tip the balance enough to unseat two-decade ruler Recep Tayyip Erdogan.

In a key setback to the Turkish president and leader of the Justice and Development Party (AK Party), the pro-Kurdish Peoples’ Democratic Party (HDP) last month announced that it would not put forward its own presidential candidate, a move analysts say allows its supporters to vote for Erdogan’s main rival.

“We are facing a turning point that will shape the future of Turkey and (its) society,” said the HDP in a statement on March 23. “To fulfill our historical responsibility against the one-man rule, we will not field a presidential candidate in (the) May 14 elections.”

It is a twist of irony for the Turkish strongman, who spent the better half of the past decade cracking down on the party after it began chipping away at his voter base. Its former leader Selahattin Demirtas has been in prison for nearly seven years and the party faces possible closure by a court for suspected collusion with the militant Kurdistan Workers’ Party (PKK) and affiliated groups. But its influence may nonetheless determine the course of Turkey’s politics.

The HDP’s decision not to field a candidate came just three days after head of the Republican People’s Party (CHP) Kemal Kilicdaroglu, Erdogan’s main rival, visited the party’s co-chairs. He told reporters that the solution to Turkey’s problems, “including the Kurdish problem” lies in parliament,” according to Turkish media.

Kilicdaroglu, who represents the six-party Nation Alliance opposition bloc, is the strongest contender to run against Erdogan in years. And while the HDP hasn’t yet announced whether it will put its weight behind him, analysts say it is the kingmaker in the elections.

“It was a carefully crafted political discourse,” Hisyar Ozsoy, deputy co-chair of the HDP and a member of parliament from the predominantly Kurdish province of Diyarbakir, told CNN. “We are not going to have our own candidate, and we will leave it to the international community to interpret it the way they wish.”

Experts say the crackdown on the HDP is rooted in the threat it poses to Erdogan politically, as well as its position as one of the main parties representing Turkey’s Kurds, an ethnic minority from which a separatist militant movement has emerged.

The party and the Kurdish people have had a complicated relationship with Erdogan. The leader courted the Kurds in earlier years by granting them more rights and reversing restrictions on the use of their language. Relations with the HDP were also cordial once, as Erdogan worked with the party on a brief peace process with the PKK.

But ties between Erdogan and the HDP later turned sour, and the HDP fell under a sweeping crackdown aimed at the PKK and their affiliates.

Kurds are the biggest minority in Turkey, making up between 15% and 20% of the population, according to Minority Rights Group International.

It is unclear if the HDP will endorse Kilicdaroglu, but analysts say that the deliberate distance may be beneficial for the opposition candidate.

The accusations against the HDP place it in a precarious position during the elections. It currently faces a case in Turkey’s Constitutional Court over suspected ties to the PKK, which is designated as a terrorist group by Turkey, the United States and the European Union. Knowing it may be banned at any moment, its candidates are running under the Green Left Party in parliament.

If the opposition is seen as allying with the HDP, Erdogan’s AK Party may use its influence in the media to discredit it as being pro-PKK, said Murat Somer, a political science professor at Koc University in Istanbul and author of Return to Point Zero, a book on the Turkish-Kurdish question in Turkey.

The HDP’s threat to Erdogan’s hold on power became apparent after the June 2015 election, the first general election it participated in. It won 13% of the seats, denying the ruling AK Party its majority for the first time since 2002. Erdogan, however, called a snap election five months later, which led to a drop in the HDP’s support to 10.7%, as well as the restoration of the AK Party’s overall majority.

“They are a kingmaker in these elections because the HDP gets about half of the votes of the Kurdish population in Turkey,” said Somer, adding that the other, more conservative Kurdish voters have traditionally voted for Erdogan’s AK Party. And last month, the Free Cause Party (HUDA-PAR), a tiny Kurdish-Islamist party announced support for Erdogan in the elections. The party has never won seats in parliament.

The HDP knows that its position is key to the outcome of next month’s vote, but that it’s also in a delicate situation.

“We want to play the game wisely, and we need to be very careful,” said Ozsoy, adding that the party wants to avoid a “contaminated political climate” where the elections are polarized “between a very ugly ultra-nationalist discourse against Kilicdaroglu and others.”

The party was founded in 2012 with a number of aims, said Ozsoy, one of which was “peaceful and democratic resolution of the Kurdish conflict.”

Somer said that the party was seen to be “an initiative” of the PKK, which later led to a heavy government crackdown on it in the name of counterterrorism.

Its former leader Demirtas remains an influential figure.

The Turkish government has been trying to link the HDP to the PKK but has so far failed to prove “a real connection,” said Asli Aydintasbas, a visiting fellow at the Brookings Institution in Washington, DC.

A post-Erdogan Turkey may give some breathing space to the Kurds and Kurdish-dominated parties in Turkey, Aydintasbas told CNN, noting that many Kurdish voters have recently left Erdogan’s camp. “For HDP, this is more than just an ideological choice,” she said. “It’s a matter of survival.”

Ozsoy says his party understands what’s at stake, not only for Turkey’s Kurds but for all its minorities.

“We are aware of our responsibility here. We are aware of our role. We know we are in a kingmaker position,” the HDP lawmaker said.

Two women arrested for not wearing hijab following ‘yogurt attack’

Two women were arrested in Iran for failing to wear the hijab in public, after a man threw a tub of yogurt at them at a store in the city of Shandiz on Thursday, according to Mizan News Agency, the state-run outlet for Iran’s judiciary.

  • Background: A video and report published by the Mizan News Agency showed footage of the man approaching one of the unveiled women and speaking to her before he grabs a tub of yogurt and throws it, hitting both women on the head. The video appears to show a male staff member removing the man from the store. The two women were arrested, as well as the man who threw the yogurt, according to local media.
  • Why it matters: Iranians have taken to the streets in protest for several months against Iran’s mandatory hijab law, as well as other political and social issues across the country. The Iranian government has continued to crack down on the protests, and on Saturday, Iran’s Ministry of Interior said that the “hijab is an unquestionable religious necessity.”

Oil prices surge after OPEC+ producers announce surprise cuts

Oil prices spiked Monday after OPEC+ producers unexpectedly announced that they would cut output. Brent crude, the global benchmark, jumped 5.31% to $84.13 a barrel, while WTI, the US benchmark, rose 5.48% to $79.83. Both were the sharpest price rises in almost a year. The collective output cut by the nine members of OPEC+ totals 1.66 million barrels per day.

  • Background: The reductions are on top of the 2 million barrels per day (bpd) cuts announced by OPEC+ in October and bring the total volume of cuts by OPEC+ to 3.66 million bpd, equal to 3.7% of global demand. In a note Sunday, Goldman Sachs analysts said the move was unexpected but “consistent with the new OPEC+ doctrine to act pre-emptively because they can, without significant losses in market share.”
  • Why it matters: The White House pushed back on the cuts by OPEC+. “We don’t think cuts are advisable at this moment given market uncertainty – and we’ve made that clear,” a spokesperson for the National Security Council said. “We’re focused on prices for American consumers, not barrels.” In October, OPEC+’s decision to cut production had already rankled the White House. US President Joe Biden pledged at the time that Saudi Arabia would suffer “consequences.” But so far, his administration appears to have backed off on its vows to punish the kingdom.

Iran blames Israel for the killing of second IRGC officer, vows to respond

A second Iranian Islamic Revolutionary Guard Corps (IRGC) officer died following an attack in Syria on Friday, according to Iranian state media on Sunday. Iranian state media said the Iranian military adviser died after an Israeli attack near the Syrian capital Damascus left him wounded. The attack also killed another IRGC officer. In a tweet on Sunday, Iranian government spokesman Ali Bahadori Jahromi said the alleged Israeli attack wouldn’t go unanswered. Iranian Foreign Ministry spokesman Nasser Kanaani said on Sunday that Iran has the right to respond to “state terrorism.”

  • Background: The Friday airstrike hit a “site in the Damascus countryside,” Syrian state news agency SANA said. Israel declined CNN’s request for comment on reports of airstrikes near Damascus on Friday, saying its military doesn’t comment on reports in the foreign media. Iranian influence has grown in Syria since a civil war broke out in the country more than a decade ago, with the IRGC building a substantial presence as “advisers” to the Syrian armed forces.
  • Why it matters: The Israeli military declined to comment, but it has previously claimed responsibility for attacks it has described as Iranian-linked targets in Syria. Israeli Prime Minister Benjamin Netanyahu said at a cabinet meeting Sunday: “We are exacting a high price from the regimes that support terrorism, beyond Israel’s borders. I suggest that our enemies not err. Israel’s internal debate will not detract one iota from our determination, strength and ability to act against our enemies on all fronts, wherever and whenever necessary.”

Iranian-American comedian Maz Jobrani, who has been touring the Middle East, spoke to CNN’s Becky Anderson about his support for the protests in his homeland, saying that he used his standup comedy platform to highlight the “brutality against the Iranian people.”

“It was an opportunity for me to say, ‘let’s keep fighting,’” he said.

Watch the interview here.

An Iranian state news outlet is gloating at what it sees as the demise of the US dollar.

IRNA recreated a popular meme to mark China and Brazil’s decision to reportedly ditch the US dollar as an intermediary in trade, citing the Chinese state news outlet, China Daily. It shows two men representing China and Brazil posing in front of a grave labelled “USD.”

The meme was pinned to the top of IRNA’s Twitter page, and was met with laughter and ridicule. “Dream on,” said another user, pointing to the dollar’s use as the main reserve currency around the world.

China Daily said that the agreement was part of “the rising global use of the Chinese renminbi.” It would reportedly enable China and Brazil to conduct trade and financial transactions using local currencies instead of the dollar.



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HSBC's top execs face tense shareholders calling for a breakup https://thenewshub.in/2023/04/03/hsbcs-top-execs-face-tense-shareholders-calling-for-a-breakup/ https://thenewshub.in/2023/04/03/hsbcs-top-execs-face-tense-shareholders-calling-for-a-breakup/?noamp=mobile#respond Mon, 03 Apr 2023 12:31:48 +0000 https://thenewshub.in/2023/04/03/hsbcs-top-execs-face-tense-shareholders-calling-for-a-breakup/


Hong Kong
CNN
 — 

HSBC’s top brass defended their strategy Monday to frustrated shareholders in the lender’s largest market, as Europe’s biggest bank continued to face calls to be split up.

At an informal shareholder meeting in Hong Kong, Chairman Mark Tucker and CEO Noel Quinn took questions from investors on issues ranging from how the bank was approaching demands for an overhaul of its business to its purchase of Silicon Valley Bank’s UK arm.

In prepared remarks, Tucker and Quinn each reiterated the board’s recommendation that shareholders vote against a resolution on the docket for its annual general meeting in May that would force the bank to come up with a plan to spin off or reorganize its Asian business — the lender’s main source of profits.

Tucker said the board was unanimous in its opposition to the resolution, stating plainly: “It would not be in your interest to split the bank.”

He said the board had previously reviewed a range of options for restructuring the bank, and concluded that such alternatives would “materially destroy value for shareholders,” including dividends.

“Our strategy is working,” Tucker told the room of more than 1,000 shareholders. “Our current strategy is moving dividends up.”

HSBC has been facing calls to separate its Asian business from the rest of the bank over the past year.

Shareholders in Hong Kong — where HSBC is a mainstay of many retail investors’ portfolios — contend that the London-based lender’s performance has been dragged down by its businesses in other regions.

Quinn addressed those complaints head-on Monday, saying “our profits in Hong Kong and the UK are no longer being dragged down by underperformance elsewhere. The group is performing well as a whole.”

Pressed later by a shareholder on the issue, Quinn said a breakup of the bank would result in “significant revenue loss” because much of its business relied on cross-border transactions.

Investors have also been unhappy with HSBC scrapping its dividend in 2020, at the request of British regulators. They argue that if the lender cordoned off its activities in Asia, it would no longer have to expose Hong Kong shareholders to requests in other jurisdictions.

Christine Fong, a district council member in Hong Kong, said she represented about 500 small shareholders who had been affected by the dividend cancellation.

“Street hawkers, taxi drivers or teachers — they all relied on the dividend to pay for their regular expenses, like mortgage, insurance payments, school fees,” Fong told CNN.

“That’s why, three years ago, what HSBC did upset those small minority shareholders.”

Fong has now joined calls for shareholders to vote in favor of the proposal for the bank to spin off its Asian business, despite the lender bringing back its dividend in 2021, albeit at a lower level.

An HSBC bank branch in Hong Kong last July. HSBC is a mainstay of many retail investors' portfolios in the city, which is also its top market.

Ken Lui, an activist shareholder in Hong Kong who put the resolution together, doubled down on his call for support ahead of the meeting Monday.

The resolution will require 75% of votes to be passed in May, but “nothing is impossible,” he told reporters outside the meeting venue.

Lui, who said he personally held a stake worth 100 million Hong Kong dollars ($12.7 million), laid out plans for his team to focus on “targeted outreach to institutional shareholders to present our case and gain their support.”

His group will also canvass 18 districts of Hong Kong “to tell HSBC shareholders that they finally have a chance to speak for themselves and protect their rights through voting,” he added.

HSBC is also facing pressure from its largest shareholder.

Ping An

(PNGAY)
, China’s biggest insurer, holds an 8% stake in HSBC and has backed calls for the bank to rethink its structure.

In a series of remarks made public by the Chinese firm last November, Huang Yong, chairman of Ping An’s asset management arm, said “we will support any initiatives including a spinoff that are conducive to improve HSBC’s performance and value.”

Since then, the insurance giant’s views haven’t changed, according to a person familiar with the matter.

The source told CNN that Ping An has been calling for HSBC to explore a reorganization, with an eye on boosting its valuation and simplifying its regulatory obligations around the globe.

The insurer has not recommended a specific path forward but will support any initiatives, including a spinoff of its Asian business, that could boost its stock performance or value, the person added. Ping An did not immediately respond to a request for comment on how it planned to vote at the upcoming general meeting.

HSBC’s leaders were also asked Monfday why the bank had scooped up the British unit of SVB following the stunning collapse of its parent in the United States. The purchase was made for £1 ($1.20) last month, just days after SVB had folded.

Critics have questioned HSBC’s ability to perform adequate due diligence on SVB UK’s customers because of how quickly the deal came together.

“Did HSBC look into the clients of SVB in detail? Say, the financial statement — whether they can pay back the loan?” said Fong.

Quinn and Tucker defended the acquisition, calling it a good business opportunity that allowed the bank to gain hundreds of innovative startups as customers. They pushed back on the notion that management hadn’t had time to carry out proper due diligence.

Tucker also weighed in on recent tumult in the banking industry, saying he did not expect an “immediate impact” on HSBC.

“After the collapse of a number of smaller regional banks and the takeover of Credit Suisse, the share prices of all banks have been suppressed,” he noted.

But he said he did not believe such developments represented “a systemic risk” to the sector. “I do expect a period of uncertainty” before nerves settle, he added.

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China Renaissance suspends trading, delays results after founder's disappearance https://thenewshub.in/2023/04/03/china-renaissance-suspends-trading-delays-results-after-founders-disappearance/ https://thenewshub.in/2023/04/03/china-renaissance-suspends-trading-delays-results-after-founders-disappearance/?noamp=mobile#respond Mon, 03 Apr 2023 11:42:19 +0000 https://thenewshub.in/2023/04/03/china-renaissance-suspends-trading-delays-results-after-founders-disappearance/


Hong Kong
CNN
 — 

China Renaissance, a top dealmaker in the country’s tech industry, said it would suspend trading of its shares and delay the release of its annual results because it still can’t get in touch with its founder.

Bao Fan, 52, started the boutique investment bank in 2005 and has been unreachable since the middle of February, according to the company. Shares in China Renaissance have plunged since Bao went missing, at one point dropping as much as 50%.

China Renaissance said in late February that it had learned Bao was “cooperating in an investigation” being carried out by certain authorities in the country. It gave no other details.

Chinese media have reported Bao might be assisting in an investigation related to a former executive at China Renaissance.

In a filing on Sunday, China Renaissance said auditors couldn’t complete their work or sign off on their report because of Bao’s absence. The board was also unable to give an estimate about when it would be able to approve its audited results for 2022 or dispatch its annual report by an April 30 deadline as required by Hong Kong’s listing rules.

Trading in the company’s shares was suspended from Monday as a result.

Bao is known as a veteran dealmaker who works closely with top technology companies in China. He helped broker the 2015 merger between two of the country’s leading food delivery services, Meituan and Dianping. Today, the combined company’s “super app” platform is ubiquitous in China.

His team has also invested in US-listed Chinese electric vehicle makers Nio

(NIO)
and Li Auto and helped Chinese internet giants Baidu

(BIDU)
and JD.com

(JD)
complete their secondary listings in Hong Kong.

Over the weekend, China’s top anti-graft watchdog launched an investigation into Liu Liange, former party secretary and chairman of Bank of China, according to a statement by the Central Commission for Discipline Inspection and the State Supervision Commission. The bank is state-owned and one of the country’s four biggest lenders.

Liu is suspected of “serious violations of discipline and law,” the statement said. He is among the most senior financial executives targeted in a broader financial crackdown by President Xi Jinping.

In January, Wang Bin, former party chief and chairman of China Life Insurance, was charged by national-level prosecutors with taking bribes and hiding overseas savings.

— Michelle Toh contributed reporting.

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