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Valentine’s Day pranksters book odd-numbered cinema seats in China

Couples will be forced to sit apart after group of singles work together to buy up tickets to romantic movie at Shanghai cinema Romantics in Shanghai will have to forget dinner and a movie for Valentine’s Day. Chinese pranksters have reserved all of the odd-numbered seats at a cinema’s primetime screening, forcing couples to sit apart. The seating plan at Xintiandi cinema. Photograph: Shanghai Morning Post A group of embittered singles worked together to buy up the tickets to a 7.30pm screening of Beijing Love Story, a sappy big-budget romance,…

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Why Trump Suddenly Wants to Save Jobs in China

President Donald Trump has long promised to get tough on China. So why is he so worried about saving jobs there? Last week the Chinese telecommunications giant ZTE said it had halted its major operations after the US government moved to ban US companies from selling software or components to ZTE. On Sunday, Trump tweeted that he and Chinese President Xi Jinping were working together to save ZTE. "Too many jobs in China lost," Trump tweeted. "Commerce Department has been instructed to get it done!" ZTE's plan to shut down…

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Someone Challenged This Chinese Blogger To Transform Herself Into Mona Lisa They Werent Expecting This

Ms. He, 26, posts her work on her Miaopai video channel, and recent uploads of her transforming her face into masterpieces by Leonardo De Vinci, Mona Lisa in particular, have proved a massive hit. She has gone massively viral on Chinese social media, with her video being viewed more than 20 million times! “I love oil paintings myself,” Ms. He told the Daily Mail. “So, when I saw the great response on the Mona Lisa video, I went on to create ‘Lady with an Ermine’ to continue the Da Vinci…

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Everything Is for Sale in Cyprus, and Chinas Buying

increasingly assertive global powerhouse of 1.4 billion people, the other an island nation of 1.2 million that boasts a strategic location and a reputation for a no-questions-asked approach to financial affairs. That makes for a compelling match as China seeks to expand its footprint inside the European Union. “We have investments right across all sectors of the economy,” Christodoulos Angastiniotis, president of the Cyprus Chamber of Commerce and Industry, said before joining the other guests to hear speeches extolling the excellent state of China-Cyprus relations. He said there were “some very…

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China Is Studying Yuan Devaluation as a Tool in Trade Spat

Chinese leaders are weighing options as trade tensions rise Trump bashed China’s currency policy on the campaign trail Other markets have been far more turbulent as both the U.S. and China proposed tariffs on $50 billion of goods and Trump instructed his administration to consider levies on an additional $100 billion of Chinese products. currency manipulator, make it more difficult for Chinese companies to service their mountain of offshore debt, and undermine recent efforts by the government to move toward a more market-oriented exchange rate system. It would also expose…

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China Now Has the Most Valuable AI Startup in the World

SenseTime Group Ltd. has raised $600 million from Alibaba Group Holding Ltd. and other investors at a valuation of more than $3 billion, becoming the world’s most valuable artificial intelligence startup. The company, which specializes in systems that analyze faces and images on an enormous scale, said it closed a Series C round in recent months in which Singaporean state investment firm Temasek Holdings Pte and retailer Suning.com Co. also participated. SenseTime didn’t outline individual investments, but Alibaba was the leader in AI by 2030. And it’s a contributor to…

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Why Americas Two Top Fighter Jets Cant Talk to Each Other

ended the program. And that’s where the problem begins. Had the Air Force gotten all the F-22s it wanted—more than double the 183 or so it has—integration of its systems with another fleet of “fifth generation” fighters wouldn’t have been as critical. The F-22’s Intra-Flight Data Link (IFDL) is much older than the system used on the newer F-35. While the F-22’s IFDL protocol can receive data from the F-35 and other allied aircraft, such as the F-16 and Eurofighter Typhoon, it can’t transmit the vast array of situational data it…

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China and the Children Will Save the Electric Car From Scott Pruitt’s EPA

Efforts to put cleaner cars on American roads are being threatened. In a few days, The New York Times reports, the Environmental Protection Agency will move to weaken the regulations that demand automakers producer cleaner and more efficient vehicles. The existing standards, which Barack Obama pushed for in 2012, demand each automaker nearly double the average fuel efficiency of its cars, to deliver 36 miles per gallon. But before President Donald Trump, EPA head Scott Pruitt, or anyone else can knock that number down, they must tangle with California. The…

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Uber Agrees on Southeast Asian Sale to Grab

Uber Technologies Inc. has reached an agreement to sell its Southeast Asian ride-hailing business to rival Grab and could announce the deal as early as Monday morning in Singapore, people familiar with the matter said. The agreement — which includes all of Uber’s operations in Southeast Asia as well as Uber Eats in the region — gives the U.S. company a stake of between 25 percent and 30 percent in the new combined business, the people said, asking not to be identified ahead of an official announcement. The deal, which…

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Uber Pulls Out of Southeast Asia, Selling Operation to Rival Grab

Uber Technologies Inc. has agreed to sell its Southeast Asian operations to Grab, withdrawing from yet another fast-growing region to end a war of attrition with a fierce local rival. Under the agreement, Grab will acquire all of Uber’s operations in a region of 620 million people, including food delivery service UberEats. The U.S. ride-hailing behemoth in return gets a 27.5 percent stake in a combined entity and its chief executive officer will join the board of the Singapore-based company. Bloomberg News reported over the weekend that the two companies…

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Apple’s Tim Cook Calls for More Regulations on Data Privacy

Cook speaks at Beijing forum following Facebook controversy Situation is so dire well-crafted regulation is needed: Cook Forum in Beijing on Saturday. His comments will ramp up pressure on Facebook Inc. and other technology companies that rely on the huge reams of data gathered from billions of people to power their products, services and sales. Facebook co-founder Mark Zuckerberg belatedly apologized for failing to better control its customers’ data following reports that it let Cambridge Analytica amass information on 50 million users. The social network’s shares have tumbled 14 percent following the…

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Stocks Tumble in Biggest Weekly Decline Since 2016: Markets Wrap

Dow Jones Industrials lost more than 1,400 points in the week Crude oil registers largest five-day increase since July data showed European growth sputtering. The tech heavy Nasdaq 100 dropped 7.3 percent this week, the most since 2015. Traders had already been bracing for the possibility of slowing expansion as the Federal Reserve reiterated its commitment to further interest-rate increases after Wednesday’s hike. “There is a tug of war between Fed tightening, fiscal stimulus, strong earning but slowing sales and now tariffs and potential trade wars,” said Jason Browne, chief…

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Bloombergs New Global Politics Weekend Reads

Dear reader, Welcome to our new Weekend Reads newsletter. Each Saturday, we'll send you some of our best stories that you might have missed, and some new ones, too. We hope you enjoy it. – Balance of Power team Click here for our weekly slideshow, featuring images from across Europe during some of the coldest weather in a decade. The freeze has roiled energy markets — forcing utilities to scramble for natural gas to heat millions of homes — and disrupted travel. delve into the geopolitical implications of China’s embrace of lifetime job security for its top…

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China Political Advisers Urge Response to U.S. Tariffs

Delegates from China’s top political advisory body, the Chinese People’s Political Consultative Conference, convened Saturday in Beijing. The representatives from a variety of political, social, economic and corporate organizations are meeting in parallel with a two-week session of the rubber-stamp parliament that begins Monday.  The legislature is expected to enact sweeping changes that would allow President Xi Jinping to rule indefinitely and give him greater control over the levers of money and power. The agenda includes repealing presidential term limits, creating a powerful new agency to police officials and possibly approving…

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