We simply do not have the luxury of weeks of navel

We simply do not have the luxury of weeks of navel

l gazing or days and days of whittling candidates down to the fi

nal two,” Brokenshire said in a speech at the Policy Exchange, a center-right think tank.

Elder statesman and former chancellor of the exchequer Ken Clarke said on BBC Radio 4’s Today program that the contest ha

d become a “shambles”and was “in danger of becoming a rather tragic farce, unless some order is brought into it”.

Hopefuls have been seeking high-profile endorsements and unveiling policy proposals ahead of May’s resignation on Friday.

Former foreign secretary Boris Johnson, who is seen by many as a fron

trunner, got a thumbs-up from United States President Donald Trump on the weekend an

d was further boosted by Liz Truss, chief secretary to the Treasury, and Kwasi Kwarteng, the Brexit min

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Paula Polito, client strategy officer at UBS global wealth

Paula Polito, client strategy officer at UBS global wealth

 management, said they are seeing high levels of cash globally. But she also stressed that, alth

ough it increases liquidity, cash may not necessarily be a safe strategy in the long run.

Faced with many uncertainties, including downward pressure on China’s economy and escalating trade fricti

on between China and the United States, 36 percent of the 465 Chinese high net worth ind

ividuals – those with average personal wealth of at least 10 million yuan ($1.45 million) – polled by the Hurun Research In

stitute said that the focus of their investment strategy will be to “avoid risks” this year, mainly by increasing

asset allocation to fixed income products, gold, bank deposits and currency products in the next three years.

Mark Haefele, chief investment officer at UBS global wealth management, said that investors sometimes focus too much on th

eir home region. “Diversification is still the best way to access opportunities and sidestep domestic risks,” he said.

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He said it does no one any favors to delink over poss

He said it does no one any favors to delink over poss

ssible national security concerns. Fair engagement across technologies is a better way to secure national security than delinking.

“The cost of decoupling will be very high for both economies,” he said. “Engage

ment in a fair competition with common rules is a far better outcome than decoupling.”

If there has to be some “decoupling” due to “valid national security conc

erns” in both countries, that should be kept to a minimum and not exaggerated, he said.

“Normal commerce is in the interest of both of our countries. And we should pursue it vigorously,” he added.

Allen also said members of the council are worried that they are now i

n a “very uncertain time” when the already tense situation could potentially deteriorate, as th

e world’s top two economies are embroiled in a protracted trade dispute with the Trum

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The IMF report warned that the additional impact of the r

The IMF report warned that the additional impact of the r

 recent and future tariffs will cut about 0.3 percent of global GDP in the short ter

m, with half stemming from negative effects on business and market confidence.

Failure to resolve the trade differences and further escalation in other areas, such as the auto

industry, which would cover several countries, “could further dent business and financial market se

ntiment, negatively impact emerging market bond spreads and currencies, and slow investment and trade“, the research said.

Experts urged the US government to stop its protectionism and proposed options for a resolution between the two countries.

Chen Wenling, chief economist of the China Center for International Economic Exchanges, said the US needs to correct moves that have

already added pressure to global economic prospects. Otherwise, it will “pay the price” for its protectionist behavior, she said.

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The China-US trade disputes have significantly influe

The China-US trade disputes have significantly influe

enced the renminbi’s performance, said Wang Shengzu, co-head of Investment Strategy Group Asia Goldman Sachs.

But the currency is unlikely to slip out of a reasonable range, assuming there is no big shock from the trade talks, Wang said.

As a sound base for a stable renminbi, “the Chinese economy has shown sig

ns of bouncing up, shown by the faster-than-expected growth of industrial output, ret

ail sales, and credit in the first quarter, and this means that economic activity is improving with supportive pol

icies”, said Wang.Liu Shiyu, China’s former top securities regulator, was under investigation for alleged violations of

the law, according to a statement Sunday from the Central Commission for Discipline Inspection.

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Huawei has more than 13,000 component and service su

Huawei has more than 13,000 component and service su

uppliers worldwide. In November, it unveiled a list of its 92 core suppliers for the first ti

me. Thirty-three of them are from the US, including chip giants Qualcomm Inc and Intel Corp.

Wang Yanhui, secretary-general of the Mobile China Alliance, said, “Huawei has also been pre

paring for such a situation for some time and has hoarded chips to handle a worst-case scenario.”

The company became the world’s third-largest buyer of semiconductors last year.

China will definitely safeguard the legitimate rights and interests of its businesses, and Trump’s executive order is n

ot a “constructive and friendly” gesture, Foreign Ministry spokesman Lu Kang said on Thursday.

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With its key role in the national economy, the integrated dev

With its key role in the national economy, the integrated dev

velopment of the region could play a vital part in leading regional growth, the statement said.

It noted that the elevation of the integrated development of the Yangtze River Delta t

o the status of a national strategy is a major decision adopted by the CPC Central Committee.

Authorities in the four provincial areas must enhance their awareness

of integrated development and boost their interaction and cooperation, it added.

The meeting also decided to start a thematic education campaign of Party member

s on the subject of remaining true to the Party’s original aspirations and keeping their mission firmly in mind.

It called for struggles against all problems that affect the Party’s purity and ad

vanced nature, and for efforts to make the Party even stronger, the statement said.

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Baidu came under fire in 2016 when Wei Zexi, a 21-year

Baidu came under fire in 2016 when Wei Zexi, a 21-year

old student from Xidian University in Shaanxi province, died from a rare cancer of the soft tissue. Wei was re

searching the disease on Baidu and came across an advertisement for treatments that proved ineffective.

After Wei’s death, Baidu announced a sweeping restructuring and optimization of its medical business, especially regardi

ng its paid listing practices. It also tightened regulations on medical promotion and enforced clear labeling rul

es that differentiate advertisements from credible medical information, according to media reports.

However, medical advertising remains one of the key sources of income for Baidu, and some are still trying to exploit the s

ystem. In April, the police in Shenzhen, Guangdong province, detained a team of medical fraudsters who drove up r

ankings on Baidu’s research results to promote faulty hospitals to patients, local authorities said.

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t photographer gives stray animals makeov

t photographer gives stray animals makeov

Zhang Tianhang, a pet photographer based in Beijing, has taken photos of over 10,000 stray animals over the past eight ye

ars. Working with animal shelters, he is determined to raise people’s awareness of these abandoned pets and find them a new home.

“You won’t believe these are photos of the same dog,” Zhang said, pointing at two picture

s showing a dog before and after a complete makeover. “The animals feel so much happier if someone cares for them.”

This lucky dog got adopted by Chinese actress Gao Yuanyuan, whic

h made Zhang believe in his cause even more. “Every dog is adorable. We want people to

see that and give them a home,” he said. “You just need to connect with the animals, let them trust you.”

Many of Zhang’s “models” have been adopted by local people, and

some even start a new life overseas. Zhang hopes more people will consider adoption ins

tead of buying a pet at the store. “It’s a very big responsibility, usually over 10 years,” he said.

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The Belt and Road Initiative aims to build the Silk R

The Belt and Road Initiative aims to build the Silk R

oad Economic Belt and the 21st Century Maritime Silk Road and deliver policies, infrastructu

re, trade, financial and people-to-people connectivity via a new platform for a brighter future.

Tesla Inc lost $700 million in the first quarter but predicted it wou

ld return to profit in the third quarter as it cuts costs an

d improves delivery after facing issues ramping up shipments outside the United States.

Shares of Tesla were about flat after the results, which came more than an hour afte

r they were expected and after a sales contraction in the quarter raised investor concerns.

The company, which many analysts predict will need to raise

funds for its expansion, said it ended its first quarter wi

th $2.2 billion in cash after paying off a $920 million convertible bond obligation in March.

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