New photos show the Navy recovering downed China spy balloon off U.S. coast

Sailors assigned to Explosive Ordnance Disposal Group 2 recover a high-altitude surveillance balloon off the coast of Myrtle Beach, South Carolina, Feb. 5, 2023. Photo: U.S. Navy The U.S. Navy on Tuesday released photos showing the recovery of the remnants of a Chinese spy balloon that was shot down over the weekend on the orders … Read more

U.S. is ‘absolutely’ behind on supply chain independence from China, Biden advisor says

The U.S. has some rapid catching up to do if it is to secure the reliability of its supply chain and its independence from competitors like China, a top White House advisor admitted this week. “Look, this is a major concern for the U.S. and I think for the rest of the world. As we … Read more

Facebook Questioned Over Sensitive User Data Access Granted to China

Senators Mark Warner and Marco Rubio, Chair and Vice Chair of the US Senate Select Committee on Intelligence, wrote to Facebook parent Meta Platforms on Monday about documents that show it knew developers in China and Russia had access to user data that could be used for espionage. “It appears from these documents that Facebook … Read more

Chinese search engine giant Baidu announces ChatGPT-style AI bot | CNN Business

Hong Kong CNN — Chinese search engine giant Baidu says it will be launching its own ChatGPT-style service. It will launch a new artificial intelligence chatbot called “Wenxin Yiyan” in Chinese, or “Ernie Bot” in English, a spokesperson told CNN on Tuesday. Baidu (START) is currently testing the project internally and will likely roll out … Read more

There isn’t enough copper in the world — and the shortage could last till 2030

A copper master and his copper products at the Coppersmith Bazaar in Baghdad, Iraq on March 15, 2022. Murtadha Al-Sudani | Anadolu Agency | Getty Images A copper deficit is set to inundate global markets throughout 2023 — and one analyst predicts the shortfall could potentially extend throughout the rest of the decade. The world … Read more

Exclusive: US intel assessment documents Chinese spy balloon incident under Trump | CNN Politics

CNN — A US military intelligence report from last year that focused on China’s use of high-altitude balloons mentioned sightings in Hawaii and Florida during the Trump presidency, according to an excerpt of the report reviewed by CNN. The April 2022 report, titled “People’s Republic of China High-Altitude Balloon,” found a Chinese spy balloon “circumnavigated … Read more

Pentagon says it had ‘an awareness gap’ that led to failure to detect 3 Chinese balloons under Trump | CNN Politics

CNN — The American military had a “domain awareness gap” that allowed three other suspected Chinese spy balloons to transit the continental United States undetected under the Trump administration, the Pentagon general responsible for providing air and missile defense over North America said on Monday. “Every day as a NORAD commander, it’s my responsibility to … Read more

Retailers in China enact rare price cuts for Apple’s high-end iPhone 14 line

Retailers in China including JD.com and Suning have cut the price of Apple’s iPhone 14 Pro and Pro Max. It comes after China’s smartphone market had its worst year in a decade. CFOTO | Future Publishing | Getty Images Major retailers in China slashed the price of Apple’s high-end iPhone 14 models amid a slump … Read more

China urges calm after U.S. shoots down suspected spy balloon

“What I want to emphasize regarding this unexpected accident is that both sides, especially the U.S., should remain calm,” said China’s Ministry of Foreign Affairs spokesperson Mao Ning. Aly Song | Reuters BEIJING — China’s Ministry of Foreign Affairs spokesperson Mao Ning urged both sides to remain calm after the U.S. said it shot down … Read more

U.S. military shoots down suspected Chinese surveillance balloon

A balloon flies in the sky over Billings, Montana, U.S. February 1, 2023, in this picture obtained from social media. Chase Doak via Reuters The U.S. military on Saturday shot down a suspected Chinese surveillance balloon that had been transiting across the country for several days. In a statement Saturday, Secretary of Defense Lloyd Austin … Read more

China protests after US jets shoot down suspected spy balloon | CNN

Hong Kong CNN — China has expressed its “strong dissatisfaction and protest” against Washington’s decision to shoot down its balloonaccusing it of “overreacting” and “seriously violating international practice.” US military fighter jets on Saturday shot down the balloon over the Atlantic Ocean in a mission President Joe Biden hailed as a success. The United States … Read more

Inside Biden’s decision to ‘take care of’ the Chinese spy balloon that triggered a diplomatic crisis | CNN Politics

Washington CNN  —  When President Joe Biden learned a likely Chinese spy balloon was drifting through the stratosphere 60,000 feet above Montana, his first inclination was to take it down. By then, however, it was both too early and too late. After flying over swaths of sparsely populated land, it was now projected to keep … Read more

Opinion: Suspected spy balloon shows how diplomacy can go way off course | CNN

Editor’s Note: David A. Andelmana contributor to CNN, twice winner of the Deadline Club Award, is a chevalier of the French Legion of Honor, author of “A Red Line in the Sand: Diplomacy, Strategy, and the History of Wars That Might Still Happen” and blogs at Andelman Unleashed. He formerly was a correspondent for The … Read more

A look at China’s history of spying in the US | CNN Politics

CNN — The suspected Chinese surveillance balloon that violated American airspace this week has fueled a diplomatic crisis with the postponement of Secretary of State Antony Blinken’s planned trip to Beijing. But the two countries have a long history of spying on each other. The US has sought to collect its own intelligence about the … Read more

US shoots down suspected Chinese spy balloon, moves to recover debris

Issued on: 04/02/2023 – 20:35 The United States on Saturday downed a suspected Chinese spy balloon off the Carolina coast after it hovered over sensitive military sites across North America and became the latest flashpoint in tensions between Washington and Beijing. An operation was underway in US territorial waters to recover debris from the balloon, … Read more

US secures key military deal with the Philippines to counter Beijing’s growing regional influence

The Philippines signed an agreement with the United States on Thursday that will allow American soldiers free access to four of its new military bases at a time of growing unease in the Indo-Pacific region over China’s burgeoning influence. The deal, which was sealed during a February 1 visit to Manila by the US Secretary … Read more

Stocks making the biggest moves midday: Amazon, Alphabet, Apple, Nordstrom, Ford and more

Workers load packages into Amazon Rivian Electric trucks at an Amazon facility in Poway, California, November 16, 2022. Sandy Huffaker | Reuters Check out the companies making headlines in midday trading. Amazon – The e-commerce giant’s stock tumbled 4% despite a revenue beat. Late Thursday, Amazon issued weaker-than-expected guidance for the current period. The company … Read more

China’s suspected spy balloon prompts Blinken to postpone Beijing trip as Congress seeks answers

WASHINGTON –U.S. Secretary of State Antony Blinken will postpone his trip to China next week following a suspected Beijing-operated spy balloon looming over parts of Montana. “After consultations with our interagency partners, as well as with Congress, we have concluded that the conditions are not right at this moment for Secretary Blinken to travel to China,” … Read more

Families of US detainees in China urge Blinken to make them ‘number one’ priority on his trip | CNN Politics

CNN — Harrison Li and Katherine Swidan both worry they may never see their loved ones again. Kai Li – Harrison Li’s father – and Mark Swidan – Katherine Swidan’s son – are both Americans who have been imprisoned for years in China, and both have been designated by the US State Department as wrongfully … Read more

Balloon drama is the worst possible lead up to expected Blinken visit to China | CNN Politics

CNN — It’s hard to imagine a worse warm up for Secretary of State Antony Blinken’s critical talks in Beijing, which are expected in the next few days, than news that a suspected Chinese spy balloon is floating merrily across the US. The Pentagon says it’s been tracking the balloon – the size of three … Read more

Blackouts, currency dives and corruption: Pakistan’s economy is on the brink of collapse

People light a bonfire to warm themselves during a nationwide power outage, in Muzaffarabad on January 23, 2023. Sajjad Qayyum | Afp | Getty Images Pakistan’s economy is on a cliff-edge. The South Asian country this week suffered a horrific bombing attack on a mosque that took at least 100 lives. On Jan. 24, the … Read more

What is a suspected Chinese spy balloon doing above the US? | CNN

Seoul, South Korea CNN — News that the Pentagon is monitoring a suspected Chinese surveillance balloon in the skies over the continental United States raises a series of questions – not least among them, what exactly it might be doing. US officials have said the flight path of the balloon, first spotted over Montana on … Read more

Chinese Tesla rival Xpeng launches flagship EVs in Europe in international push

Xpeng is pushing aggressively into international markets. The Chinese electric car start-up launched its P7 sedan and G9 SUV in Denmark, Norway, the Netherlands and Sweden. Zhang Peng | LightRocket | Getty Images Xpenga Chinese electric vehicle startup, on Friday launched two of its flagship cars across a number of European countries, as it continues … Read more

Sanctions on Russian crude oil have ‘failed completely,’ oil analyst says

The European Union’s ban on Russian oil product exports is slated to kick in on Feb. 5. Picture Alliance | Picture Alliance | Getty Images Sanctions imposed on Russian crude oil have so far “failed completely” and new price caps could prove immaterial as well, analysts told CNBC. The European Union is planning to ban … Read more

Hong Kong will give away half a million plane tickets. Here’s who can get them first

Hong Kong’s new global promotional campaign will “kickstart” the city’s reopening to international travelers, the Hong Kong Tourism Board told CNBC’s “Squawk Box Asia” on Friday. As part of the “Hello Hong Kong” campaign, which was launched on Thursday, 500,000 air tickets will be given away over the next six months, starting in March. The … Read more