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Original title: China’s huge navy is expanding at breakneck speed - will it rule the waves? China’s huge navy is expanding at breakneck speed - will it rule the waves? 10 hours ago Share Save Laura Bicker China correspondent Share Save Getty Images Aircraft carrier Liaoning sets out for a sea trial from China’s Dalian shipyard in early 2024 “Socialism is good…” a pensioner warbles into a portable karaoke mic, slightly off-key and drowned out by her friends’ chatter. But they join her for the chorus: “The Communist Party guides China on the path to power and wealth!” It is not the catchiest karaoke number. But it is an apt one to belt out as they look towards a horizon framed by cranes towering over ships of all sizes. Suoyuwan park in Dalian, which juts out of north-eastern China into the Yellow Sea, has stunning views of one of China’s largest shipyards, and is a place to gather and be merry. But to White House analysts thousands of miles away in Washington, this cradle of Chinese shipbuilding is part of a growing threat. In the last two decades, China has ramped up investme ...

Original title: UK to tighten family member rules for asylum cases UK to tighten family member rules for asylum cases 42 minutes ago Share Save Joe Pike Political correspondent and George Wright BBC News Share Save Getty Images 55 small boats were recorded crossing the Channel in August, the lowest August figure since 2019 - any seized small boats, motors and inflatable gear is logged and stored at Dover Home Secretary Yvette Cooper is to announce a tightening of rules for migrants granted asylum bringing their families to the UK. Speaking in the Commons today as MPs return to Westminster, she will set out criteria for family members - including tougher English language standards and access to sufficient funds - and outline reforms to the asylum appeals system. Cooper will say an overhaul of a “broken” asylum system seeks to end the use of hotels for migrants arriving on small boats - after a series of protests in recent months. The Conservatives said that the proposed rule change was a “tiny tweak” and that the government was in “complete denial” abo ...

Original title: ‘Nikko’ Cut From New Name of $260 Billion Japanese Asset Manager Nikko Asset Management Co. is changing its name to Amova Asset Management Co., removing “Nikko” for the first time since it was founded in 1959 in a sign the company is willing to leave familiar ground to expand globally. The new name of the Sumitomo Mitsui Trust Group unit mashes together the words “asset management,” “move” and “nova,” Latin for “new”. The company oversees $260.3 billion in assets. ...

Original title: Odd Lots: Dan Wang on China’s Breakneck Tech Growth (Podcast) Odd Lots: Dan Wang on China’s Breakneck Tech Growth Odd Lots Dan Wang on China’s Breakneck Tech Growth Arrow Right 49:58 In the past couple of years, the world has fully awoken to the incredible economic and technological growth exhibited by China. But what lessons are there for America? Are there even lessons for America? Dan Wang, research fellow at Stanford University’s Hoover History Lab, has probably been one of the foremost commentators and observers on China’s rise, having taken seriously their efforts to push the technological frontiers for years now. Now, he’s out with a new book BREAKNECK: China’s Quest to Engineer the Future. On this episode, we talk about what he’s seen in the country, whether China is legitimately on the road to socialism, and how perceptions of the country have changed since he started doing his research. ...

Original title: BlackRock Still Favors Indonesia Long Bonds, Unfazed by Protests BlackRock Inc. remains a fan of long-dated Indonesian government bonds, saying the high-yield debt offers enough risk compensation in the face of local political instability. The world’s largest asset manager has recently increased holdings of such bonds due in 10 to 15 years, shifting positions from shorter tenors, said Navin Saigal , BlackRock’s head of fundamental fixed income for Asia Pacific. The additions resulted from the longer-tenor notes’ milder reaction to Bank Indonesia’s surprise interest rate cut and the Federal Reserve’s dovish rhetoric last month, he said. ...

Original title: European Stocks Bounce Back From Tech-Driven Slump: Markets Wrap Stocks staged a modest rebound from a technology-led selloff, setting a steadier tone at the outset of a month that could bring plenty of tests to markets trading near record highs. The Stoxx 600 advanced 0.3% as a gauge of the region’s tech stocks held steady. Asian stocks traded mixed, with a 19% surge in Alibaba Group Holding Ltd. contrasting with a slump in chipmaking shares. S&P 500 and Nasdaq 100 futures were little changed, with cash trading in US stocks and Treasuries closed for the Labor Day holiday. ...

Original title: Indonesia Sees Limited Economic Fallout From Recent Protests Indonesia is able to hit its annual growth target despite recent protests and riots, as the government pledges to continue its stimulus spending policy, according to the chief economy minister. “Our economic growth is still on a positive track,” Coordinating Minister for Economic Affairs Airlangga Hartarto said on Monday, reiterating an estimated growth range of 5%-5.2% this year. He also urged businesses and investors to stay calm and optimistic. ...

Original title: Jim Jarmusch’s ‘Father Mother Sister Brother’ Gets Warm Embrace During Venice Film Festival Debut The Venice Film Festival set the table for Jim Jarmusch‘s Father Mother Sister Brother by delivering the Mubi title’s world premiere on the Lido Sunday night. The filmmaker joined his stars Cate Blanchett, Charlotte Rampling, Vicky Krieps, Mayim Bialik, Luka Sabbat and Indya Moore for the red carpet festivities at Sala Grande with only Adam Driver and Tom Waits missing in action. (During the film’s press conference earlier in the afternoon, Bialik confirmed they couldn’t make this year’s festival.) And the capacity crowd responded with a warm standing ovation that lasted for five minutes, and would’ve continued had the cast and auteur not exited early amid the applause. Early in the applause, Krieps hugged Jarmusch and could be heard saying, “It’s so good, it’s so good.” Jim Jarmusch’s Father Mother Sister Brother receives a warm 5-minute standing ovation after its Venice Film Festival world premiere. Here the cast including Cate Blanchett, Charlotte Rampling, Mayim Bialik, Vicky Kriep ...

Original title: Verizon’s ‘software issue’ has disconnected many wireless customers across the US is a senior editor following news across tech, culture, policy, and entertainment. He joined The Verge in 2021 after several years covering news at Engadget. Posts from this author will be added to your daily email digest and your homepage feed. Verizon has confirmed to customers in stores and online that its network is having an issue on Saturday. Many people have been unable to connect and make or receive calls for hours, while DownDetector’s tracker peaked in the afternoon at around 3:30PM ET with more than 20,000 reports. Some customers report their service has continued to function throughout the day, so it’s unclear what the cause is exactly. Downdetector’s outage map showed hotspots in many cities, and Verizon didn’t specifically list affected areas. On X, the @VerizonSupport account confirmed the issue in response to customers’ questions, but didn’t have additional details on restoration or how widespread it is. Verizon’s Karen Schulz responded to our inquiry about the issue an ...

Original title: What’s Next for Prabowo After Indonesia Protests? 00:00 What do you think is next? Could tensions stay elevated for some time? I think actually what you’re seeing is that Prabowo has been more flexible than anyone who knew him in the past would think. At first he came out exactly as people would expect and talking about protesters as being treasonous terrorists, etc., and seeing statements like what we just heard. And he actually now has moved in a direction. He’s acknowledged some of their grievances. He’s said that that he’s going to take a look at lawmakers pay, cut foreign trips. He acknowledges the challenges, the economy, etc.. That is not what anyone I think would have thought that Prabowo Subianto would do. What the first is… The second, I think, is quite unusual. And so I think that might have an effect in promoting calm. Those quick concessions, though, that Prabowo seems to have made, I mean, is that going to be having any sort of impact on on people, though? Will they be listening to what he’s saying, do you think? I mea ...