Forwarded from 📡Guardians of Hong Kong
Broadcasters urged to cancel plans to cover #Beijing #WinterOlympics
//Some of the world’s largest broadcasters including American network #NBC are being asked by human rights groups to cancel plans to cover next year’s Winter Olympics in Beijing. The Winter Games are scheduled to open on Feb. 4, 2022.
The request comes in an open letter from rights groups representing minorities in China, including #Uyghurs, #Tibetans, #HongKong residents and others.
The letter, obtained by the Associated Press, was sent Tuesday to NBC Universal chief executive officer Jeff Shell and other international broadcast executives. NBC is paying $7.75 billion for the rights to the next six Olympics and works closely as a partner with the Switzerland-based International Olympic Committee.
Those payments are estimated to account for up to 40% of the IOC’s total income. The letter says the broadcasters risk “being complicit” in the “worsening human rights abuses” in China.
The letter comes just days after the delayed Summer Olympics and Paralympics wrapped up in Tokyo, putting the focus on the IOC and its choice of Beijing.//
Source: Washington Times #Sept7
Read full article:
https://www.washingtontimes.com/news/2021/sep/7/broadcasters-urged-to-cancel-plans-to-cover-beijin/
#HumanRights #GlobalSolidarity #Broadcast
//Some of the world’s largest broadcasters including American network #NBC are being asked by human rights groups to cancel plans to cover next year’s Winter Olympics in Beijing. The Winter Games are scheduled to open on Feb. 4, 2022.
The request comes in an open letter from rights groups representing minorities in China, including #Uyghurs, #Tibetans, #HongKong residents and others.
The letter, obtained by the Associated Press, was sent Tuesday to NBC Universal chief executive officer Jeff Shell and other international broadcast executives. NBC is paying $7.75 billion for the rights to the next six Olympics and works closely as a partner with the Switzerland-based International Olympic Committee.
Those payments are estimated to account for up to 40% of the IOC’s total income. The letter says the broadcasters risk “being complicit” in the “worsening human rights abuses” in China.
The letter comes just days after the delayed Summer Olympics and Paralympics wrapped up in Tokyo, putting the focus on the IOC and its choice of Beijing.//
Source: Washington Times #Sept7
Read full article:
https://www.washingtontimes.com/news/2021/sep/7/broadcasters-urged-to-cancel-plans-to-cover-beijin/
#HumanRights #GlobalSolidarity #Broadcast
The Washington Times
Broadcasters urged to cancel plans to cover Beijing Olympics
Some of the world's largest broadcasters including American network NBC are being asked by human rights groups to cancel plans to cover next year's Winter Olympics in Beijing. The Winter Games are sch
Forwarded from 📡Guardians of Hong Kong
#DeutscheBank CEO warns recession is inevitable, says #Germany must cut reliance on #China
//The German economy stagnated in the second quarter, while producer price inflation hit a record high in July. The German finance ministry cited reduced gas supplies from Russia, rising costs of energy and other goods, and persistent supply chain disruptions in part due to China's "zero-Covid" policy...
"When it comes to dependencies, we also have to face the awkward question of how to deal with China. Its increasing isolation and growing tensions, especially between China and the United States, pose a considerable risk for Germany," Sewing said, adding that China had become a "cornerstone" of the German economy.
He highlighted that China accounts for around 8% of German exports and 12% of imports, while more than one-tenth of the sales of companies listed on the country's DAX stock index go to China, adding that the pandemic made clear the extent to which German supply chains rely on Russia.
"Reducing this dependency will require a change no less fundamental than decoupling from Russian energy," he said.//
Source: CNBC #Sept7
https://www.cnbc.com/2022/09/07/deutsche-bank-ceo-warns-of-recession-says-germany-must-cut-china-reliance.html
#Inflation #Recession #WorldEconomy
//The German economy stagnated in the second quarter, while producer price inflation hit a record high in July. The German finance ministry cited reduced gas supplies from Russia, rising costs of energy and other goods, and persistent supply chain disruptions in part due to China's "zero-Covid" policy...
"When it comes to dependencies, we also have to face the awkward question of how to deal with China. Its increasing isolation and growing tensions, especially between China and the United States, pose a considerable risk for Germany," Sewing said, adding that China had become a "cornerstone" of the German economy.
He highlighted that China accounts for around 8% of German exports and 12% of imports, while more than one-tenth of the sales of companies listed on the country's DAX stock index go to China, adding that the pandemic made clear the extent to which German supply chains rely on Russia.
"Reducing this dependency will require a change no less fundamental than decoupling from Russian energy," he said.//
Source: CNBC #Sept7
https://www.cnbc.com/2022/09/07/deutsche-bank-ceo-warns-of-recession-says-germany-must-cut-china-reliance.html
#Inflation #Recession #WorldEconomy
CNBC
Deutsche Bank CEO warns recession is inevitable, says Germany must cut reliance on China
Deutsche Bank CEO Christian Sewing has warned that a recession in Germany is inevitable, and urged the country's leaders to accelerate its decoupling from China.
Forwarded from 📡Guardians of Hong Kong aka BeWater HK
#DeutscheBank CEO warns recession is inevitable, says #Germany must cut reliance on #China
//The German economy stagnated in the second quarter, while producer price inflation hit a record high in July. The German finance ministry cited reduced gas supplies from Russia, rising costs of energy and other goods, and persistent supply chain disruptions in part due to China's "zero-Covid" policy...
"When it comes to dependencies, we also have to face the awkward question of how to deal with China. Its increasing isolation and growing tensions, especially between China and the United States, pose a considerable risk for Germany," Sewing said, adding that China had become a "cornerstone" of the German economy.
He highlighted that China accounts for around 8% of German exports and 12% of imports, while more than one-tenth of the sales of companies listed on the country's DAX stock index go to China, adding that the pandemic made clear the extent to which German supply chains rely on Russia.
"Reducing this dependency will require a change no less fundamental than decoupling from Russian energy," he said.//
Source: CNBC #Sept7
https://www.cnbc.com/2022/09/07/deutsche-bank-ceo-warns-of-recession-says-germany-must-cut-china-reliance.html
#Inflation #Recession #WorldEconomy
//The German economy stagnated in the second quarter, while producer price inflation hit a record high in July. The German finance ministry cited reduced gas supplies from Russia, rising costs of energy and other goods, and persistent supply chain disruptions in part due to China's "zero-Covid" policy...
"When it comes to dependencies, we also have to face the awkward question of how to deal with China. Its increasing isolation and growing tensions, especially between China and the United States, pose a considerable risk for Germany," Sewing said, adding that China had become a "cornerstone" of the German economy.
He highlighted that China accounts for around 8% of German exports and 12% of imports, while more than one-tenth of the sales of companies listed on the country's DAX stock index go to China, adding that the pandemic made clear the extent to which German supply chains rely on Russia.
"Reducing this dependency will require a change no less fundamental than decoupling from Russian energy," he said.//
Source: CNBC #Sept7
https://www.cnbc.com/2022/09/07/deutsche-bank-ceo-warns-of-recession-says-germany-must-cut-china-reliance.html
#Inflation #Recession #WorldEconomy
CNBC
Deutsche Bank CEO warns recession is inevitable, says Germany must cut reliance on China
Deutsche Bank CEO Christian Sewing has warned that a recession in Germany is inevitable, and urged the country's leaders to accelerate its decoupling from China.
Forwarded from 📡Guardians of Hong Kong
#US bans ‘advanced tech’ firms from building facilities in #China for a decade
//US technology firms that receive government funding will be banned from building “advanced technology facilities” in China for a decade, the Biden administration has announced, as it outlined plans to increase domestic production of semiconductors.
The requirements come under the US government’s near-$53bn (£46bn) plan to scale up manufacturing of semiconductor chips – the “brain” in every electronic device from cars to household appliances – which are predominantly produced in Asia.
The US Chips and Science Act (#Chips), approved by Congress in August, is part of the American response to a long-running technological dispute between Washington and Beijing, as US firms demand more government support to reduce reliance on components produced in Chinese factories...
The Chips Act commits a total of $280bn to hi-tech manufacturing and research, and is designed to increase the US’s competitiveness with China.
The US crackdown on the sale of technology to China has already begun to have an impact, with the US chip designer Nvidia disclosing last week that it had been told by US officials to stop exporting two top computing chips for artificial intelligence work to China.//
Source: The Guardian #Sept7
#IntellectualProperty #Technology
//US technology firms that receive government funding will be banned from building “advanced technology facilities” in China for a decade, the Biden administration has announced, as it outlined plans to increase domestic production of semiconductors.
The requirements come under the US government’s near-$53bn (£46bn) plan to scale up manufacturing of semiconductor chips – the “brain” in every electronic device from cars to household appliances – which are predominantly produced in Asia.
The US Chips and Science Act (#Chips), approved by Congress in August, is part of the American response to a long-running technological dispute between Washington and Beijing, as US firms demand more government support to reduce reliance on components produced in Chinese factories...
The Chips Act commits a total of $280bn to hi-tech manufacturing and research, and is designed to increase the US’s competitiveness with China.
The US crackdown on the sale of technology to China has already begun to have an impact, with the US chip designer Nvidia disclosing last week that it had been told by US officials to stop exporting two top computing chips for artificial intelligence work to China.//
Source: The Guardian #Sept7
#IntellectualProperty #Technology
Forwarded from 📡Guardians of Hong Kong aka BeWater HK
#US bans ‘advanced tech’ firms from building facilities in #China for a decade
//US technology firms that receive government funding will be banned from building “advanced technology facilities” in China for a decade, the Biden administration has announced, as it outlined plans to increase domestic production of semiconductors.
The requirements come under the US government’s near-$53bn (£46bn) plan to scale up manufacturing of semiconductor chips – the “brain” in every electronic device from cars to household appliances – which are predominantly produced in Asia.
The US Chips and Science Act (#Chips), approved by Congress in August, is part of the American response to a long-running technological dispute between Washington and Beijing, as US firms demand more government support to reduce reliance on components produced in Chinese factories...
The Chips Act commits a total of $280bn to hi-tech manufacturing and research, and is designed to increase the US’s competitiveness with China.
The US crackdown on the sale of technology to China has already begun to have an impact, with the US chip designer Nvidia disclosing last week that it had been told by US officials to stop exporting two top computing chips for artificial intelligence work to China.//
Source: The Guardian #Sept7
#IntellectualProperty #Technology
//US technology firms that receive government funding will be banned from building “advanced technology facilities” in China for a decade, the Biden administration has announced, as it outlined plans to increase domestic production of semiconductors.
The requirements come under the US government’s near-$53bn (£46bn) plan to scale up manufacturing of semiconductor chips – the “brain” in every electronic device from cars to household appliances – which are predominantly produced in Asia.
The US Chips and Science Act (#Chips), approved by Congress in August, is part of the American response to a long-running technological dispute between Washington and Beijing, as US firms demand more government support to reduce reliance on components produced in Chinese factories...
The Chips Act commits a total of $280bn to hi-tech manufacturing and research, and is designed to increase the US’s competitiveness with China.
The US crackdown on the sale of technology to China has already begun to have an impact, with the US chip designer Nvidia disclosing last week that it had been told by US officials to stop exporting two top computing chips for artificial intelligence work to China.//
Source: The Guardian #Sept7
#IntellectualProperty #Technology