Monday, August 22, 2016

Pyeongchang Olympics Working to Avoid Rio Mishaps

With the Rio Olympics over, the countdown to the Pyeongchang winter games begins.

But the organizers of the Olympics to be held in South Korea in 2018, are working to avoid the delays and organizational criticisms that plagued the Rio games, while also trying to avoid the bloated budget of the 2014 Sochi Olympics.

The Pyeongchang Organizing Committee for the 2018 Olympic and Paralympic Winter Games (POCOG) estimates the games will cost $12 billion, which is more than the $4 billion to $6 billion spent in Rio, but far less than the over $50 billion the Russians paid to host the Sochi Olympics.

Friday, July 22, 2016

Chinese flock to America to work for companies they've bought

CNN | by Sophia Yan

China is sending thousands of executives to the U.S. to work for companies bought by their Chinese rivals.

The number of Chinese expat employees working in the U.S. has spiked dramatically over the last decade, a trend experts say is linked to the explosion in takeovers of American firms.

"We've seen a huge surge," said Bernard Wolfsdorf, founder and managing partner of a U.S.-based immigration law firm. "Chinese companies are investing very heavily in America, and [they are] bringing in key executives and employees."

Tuesday, July 12, 2016

Hague Tribunal Rejects Beijing’s Claims in South China Sea

New York Times | By JANE PERLEZ

Hague Tribunal Rejects Beijing’s Claims in South China Sea
An international tribunal in The Hague delivered a sweeping rebuke on Tuesday of China’s behavior in the South China Sea, including the construction of artificial islands, and found that its expansive claim to sovereignty over the waters had no legal basis. The tribunal also said that Beijing had violated international law by causing “severe harm to the coral reef environment” and by failing to prevent Chinese fishermen from harvesting endangered sea turtles and other species “on a substantial scale.”

Friday, July 1, 2016

Satellite imagery suggests China is secretly punishing North Korea

The Washington Post | By Josh Rogin

Is China secretly punishing Kim Jong Un for his nuclear mischief?

Following North Korea’s latest nuclear test, in January, trade over the China-North Korea border dropped dramatically, according to newly released satellite imagery. The revelation has led experts to conclude that Beijing has been quietly punishing Kim by cutting off the flow of funds to his regime.

Friday, June 24, 2016

Asian Millionaires are the Richest

Asian Millionaires are the Richest
Visitors look around Rolls-Royce's vintage car during the Rolls-Royce's Concours d'Elegance event for celebrating its ten years of business in China, June 28, 2013.
VOA News

Millionaires in Asia are wealthier than their counterparts in other regions of the world, including North America and Europe, according to a report by the Capgemini consulting firm.

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