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China-Russia-Pakistan Triangle Could Shift The World’s Power Dynamics

Markets ValueWalk

The Shanghai Cooperation Organization (SCO) Summit kicked off last week in Kyrgyzstan, and China, Russia and Pakistan were all in attendance.
'Ericmarq15 [ CC BY-SA 4.0 ], via Wikimedia Commons The Shanghai Cooperation Organization ( SCO ) Summit kicked off last week in Kyrgyzstan, and China, Russia and Pakistan were all in attendance.The three countries are showing signs of growing closer since the summit, which could change the power dynamics of the world.Russia and Pakistan close to new arms deal Pakistani Prime Minister Imran Khan and Foreign Minister Shah Mahmood Qureshi met with Russian President Vladimir Putin and Foreign Minister Sergey Lavrov on the sidelines of the SCO Summit this week.The discussions were described as “high-level meetings” on regional issues and concerns.PTI announced on Twitter that Khan had an “informal discussion” with Putin at the SCO Summit.Leading up to the SCO, Khan spoke with Sputnik about how relations between Islamabad and Moscow are developing.He said the two countries have already established a military cooperation between them, and he hopes to “deepen” their contacts.He also said they are considering purchasing weapons from Russia, adding that their military officials are already in contact.According to The News , Moscow has already said it’s planning to hold military exercises with the Pakistani military this year.Khan also hoped to benefit from Russia’s energy surplus, noting that Pakistan suffers from energy shortages, so he hoped to discuss that issue and improve other areas of trade with Russia.Loyalty dynamics have changed since the Cold War During the Cold War, Pakistan was allied with the U.S., while India was allied to the Soviet Union, Khan added.However, the world has moved beyond the Cold War-era, so relations between the four countries are shifting.As far as what kinds of weapons Pakistan might buy from Russia, a military expert told RT that Islamabad probably has its sights set specifically on tanks, air defense systems and helicopters.He believes Pakistan might want to buy the T-90 main battle tank which has been used in India for more than a decade.He also said the Pakistani military’s tank fleet is in need of an upgrade.Retired colonel Mikhail Khodarenok also told RT that the military atmosphere in South Asia is changing.He doesn’t believe Russia’s loyalty to its Indian customers has paid off necessarily in the past few years as India has begun getting closer to the U.S. and Europe.Thus, he argues that Moscow “should abandon stereotypes and build closer ties with Pakistan.” China and Pakistan continue their partnership Khan also briefly mentioned Pakistan’s partnership with China in the interview with Sputnik.He said once Islamabad saw the U.S. as their “only ally and trading partner,” but China has become a strong partner through its Belt and Road Initiative.According to the Associated Press of Pakistan, Khan said earlier this week that the cooperation between Beijing and Islamabad is a major factor in the region’s stability.He was also appreciative of China’s support for his country.Meanwhile, the U.S. has pushed for a condition on Islamabad’s bailout package from the International Monetary Fund, calling for a requirement that the money not be used to repay Pakistan’s debts to China.According to Reuters , the China National Nuclear Corp said it has finished the outer dome on its Hualong One reactor in Pakistan.The entire project is expected to be finished by the end of next year.Meanwhile, Beijing continues to invest in Pakistan as part of its China-Pakistan Economic Corridor ( CPEC ), which is part of the Belt and Road Initiative.The Diplomat cautioned Pakistan against giving China a monopoly over its energy sector, citing a report form Dawn last year which said Pakistani firms were denied power and other project contracts.For now though, the South Asian nation is grateful for the much-needed help . The post China-Russia-Pakistan Triangle Could Shift The World’s Power Dynamics appeared first on ValueWalk .'

Central banks’ dovish cooing keeps world stocks lulled near…

Business Business Breaking News

LONDON (Reuters) – World stocks held near two-week highs on Wednesday as investors bet on a worldwide wave of central bank stimulus, with expectations building that the United States and the euro zone may deliver interest rate cuts as early as July.
'LONDON (Reuters) – World stocks held near two-week highs on Wednesday as investors bet on a worldwide wave of central bank stimulus, with expectations building that the United States and the euro zone may deliver interest rate cuts as early as July. A man is reflected on an electronic board showing a graph analyzing recent change of Nikkei stock index outside a brokerage in Tokyo, Japan, January 7, 2019. REUTERS/Kim Kyung-Hoon Markets have been fired up by European Central Bank President Mario Draghi’s Tuesday volte-face on policy easing. In one of the biggest policy reversals of his eight-year tenure, Draghi flagged more policy easing if inflation failed to pick up. However, German and U.S. bond yields which hit record lows and two-year lows respectively after the speech, inched higher to trade just off those levels. European shares too slipped off six-week highs, and Wall Street futures indicated a slightly weaker open. Some of the trepidation is down to the U.S. Federal Reserve’s ongoing meeting, with a decision due at 1800 GMT. It is widely expected to follow the lead of the European Central Bank and open the door to future rate cuts. “It should be really clear to absolutely everyone that this is a monetary policy turning point… Those rate cut expectations have now shifted much closer,” said Ulrich Leuchtmann, head of currency and emerging markets research at Commerzbank. “Of course the other question is: What is the Fed doing? If the Fed takes the fundamental risk of political pressure seriously, they cannot do anything today,” he said, noting that President Donald Trump’s strident calls for lower interest rates posed a dilemma for the Fed. But market sentiment has been buoyed also by news that Trump will meet China’s Xi Jinping at the G20 summit this month, even though many doubt the two men can reach a breakthrough on ending their trade dispute. MSCI’s global equity index rose 0.4%, adding to Tuesday’s 1% gain, as Asian shares excluding Japan followed the lead of their European and U.S. counterparts to jump almost 2% – their biggest one-day rally since January. Tokyo and Shanghai too climbed almost 2% while Australia’s main bourse hit an 11-year high. All eyes are now on the Fed, with Chairman Jerome Powell holding a news conference after the announcement. Futures are almost fully priced for a quarter-point easing in July and imply more than 60 basis points of cuts by Christmas. As for Europe, markets have almost fully priced a cut in September, though some analysts, such as those at Germany’s Commerzbank, now say rates will be cut in July, rather than in the last quarter of the year as they had predicted earlier. ECB sources told Reuters Draghi had flagged his measures so strongly that other board members would be unable to disagree with him at their July 25 meeting. Yet all the clamor for easing creates risks policymakers will disappoint. “Market expectations for a dovish shift are nearly universal, the only question seems to be the degree,” Blake Gwinn, head of front-end rates at NatWest Markets, said, referring to the Fed. “Markets will be looking for validation of this pricing,” he added. “We think this represents a fairly high bar for the Fed to deliver a dovish surprise.” SUB-ZERO YIELDS BofA Merrill Lynch’s latest fund manager survey spoke volumes about the sea change in sentiment. It showed investors were dumping stocks and had upped bond allocations to nearly eight-year highs. They also had crowded into safe-haven U.S. Treasury bonds and cash. The prospect of more policy easing and worries for the growth outlook kept German yields close to the minus 0.33% record low hit on Tuesday, while Japanese yields sank to the lowest since August 2016 at -0.145%. Yields on the U.S. 10-year note reached the lowest since September 2017 at 2.016%, a world away from the 3.25% top touched in November last year. The fallout in currencies has been significantly less, mostly because it is hard for one to gain when all the major central banks are under pressure to ease. The euro did pull back after Draghi’s comments, but at $1.118 it touched only a two-week low. The dollar eased slightly on the yen to 108.3, but was flat versus a basket of currencies. The yuan touched three-week highs versus the dollar on the trade news. In commodities, the rate-cut buzz kept gold near 14-month highs at $1,345.16 per ounce. Brent crude futures too rose 0.5%, thanks to the stimulus bets and hopes of a thaw in Sino-U.S. ties. Reporting by Sujata Rao; Additional reporting by Karin Strohecker; Editing by Hugh Lawson'

Careers guide: Claudia Orsetti describes how she became project leader at Heatherwick Studio

Architecture Dezeen

Claudia Orsetti joined Heatherwick Studio six years ago, having previously worked at architecture firms SANAA and ACME.For the Dezeen Jobs careers guide, she explains how she worked her way up to project leader.
'Claudia Orsetti joined Heatherwick Studio six years ago, having previously worked at architecture firms SANAA and ACME.For the Dezeen Jobs careers guide , she explains how she worked her way up to project leader.Orsetti's role at Heatherwick Studio involves leading the strategic thinking of her team, offering guidance and advice through all stages of design. \'My role is to help the team come up with the best possible ideas, tackling – or sometimes challenging – the briefs that our clients bring to us,\' Orsetti told Dezeen.After completing her architecture studies in Rome, Orsetti moved to Switzerland to complete her masters, where she studied at the Accademia di Architettura di Mendrisio.It was here Orsetti met legendary Swiss architects Peter Zumthor and Valerio Olgiati , amongst many others. \'Having the chance to learn from this incredible group of architects was definitely the point in my life when I understood that I wanted to be in this industry, and that I wanted to do it at that level,\' said Orsetti.She then moved to Tokyo to work at Japanese studio SANAA , but following the 2011 earthquake in Fukushima, Orsetti moved to London to join ACME . \'At the time [ACME] was a young and up-and-coming practice.I found their way of experimenting with concept ideas quite interesting,\' she explained.Orsetti's first project at Heatherwick Studio was 1000 Trees in Shanghai, working as an architect on the façade package.She soon progressed to lead the delivery of building exteriors at the practice. \'I worked on that project for over three and a half years; it is currently still on-site and it is amazing to finally see it coming to life,\' she said.Now a project leader, Orsetti works on a range of projects, overseeing all phases of design, from small objects to large masterplans: \'The focus is always on projects that can have the greatest public impact.\' She said the opportunity to be creative and guiding team dynamics is the most enjoyable part of her job. \'It's very interesting to learn how a team's unique energy can generate different outcomes,\' she said. \'If the team doesn't work harmoniously, it can show in the results.\' Orsetti lists design talent, resilience and commitment as essential skills for those looking to pursue a similar career, but she believes being passionate is the most important quality to own as a designer. \'Being an architect is a passion more than a job,\' she said.Read the interview on Dezeen Jobs › . The post Careers guide: Claudia Orsetti describes how she became project leader at Heatherwick Studio appeared first on Dezeen .'

Photographer Shows Off Shirtless Chinese Students at the Shanghai University of Sport

School and Education NextShark

A series of photos featuring Asian men wearing nothing but their underwear in what appears to be a college dormitory has gone viral on Chinese social media for obvious reasons.The photos, shot by Shanghai-based photographer JQvision, depict a dorm
'A series of photos featuring Asian men wearing nothing but their underwear in what appears to be a college dormitory has gone viral on Chinese social media for obvious reasons.The photos, shot by Shanghai-based photographer JQvision, depict a dorm room the Shanghai University of Sport where a group of muscle-bound “students” lounge around and partake in daily activities together while half-naked, according to Shanghaiist . The men are shown reading together in bed, although it would be hard to concentrate on studying.They watch movies on the computer.Just bros feeling each other’s pecs.They take care of their teeth and mouth as a group.And use a Pikachu fan to beat the heat.Check out JQvision’s work on Instagram . Be warned, however, some of the photographers photos may be NSFW.Boys’ dormitory – part 1 pic.twitter.com/n0Llcw10V4 — JQvision (@JQ__vision) June 1, 2019 Featured Images via Twitter / @JQ_vision . The post Photographer Shows Off Shirtless Chinese Students at the Shanghai University of Sport appeared first on NextShark .'

Paris-based AI-powered photography platform Meero raises $230 million

Entrepreneur Tech.eu

French professional photography platform Meero has landed $230 million in a funding round from Eurazeo, Prime Ventures, Avenir Growth, Global Founders Capital, Aglaé Ventures, Alven, White Star Capital, and Idinvest.
'French professional photography platform Meero has landed $230 million in a funding round from Eurazeo, Prime Ventures, Avenir Growth, Global Founders Capital, Aglaé Ventures, Alven, White Star Capital, and Idinvest.This round comes less than a year after the startup’s previous $45 million capital injection and brings the total amount raised by the company to some $300 million.Meero is building a worldwide community of professional photographers, whom it offers a platform to manage their photoshoots from the beginning to an end.It includes a CRM system, marketing tools, and the company’s proprietary AI-powered image processing tool that supposedly can significantly reduce the amount of time required for post-production.The company says that it’s attracted 58,000 photographers and 31,000 clients to its platform so far. “Meero also plans to announce a panel of solutions for photographers’ daily work, as well as masterclasses, documentaries, meetings with other photographers, a magazine in several languages, and the creation of a foundation to support photography,” the company said in a statement.Currently, Meero employs 600 people across five offices in Paris, New York, Shanghai, Tokyo, and Bangalore, working with clients that include the likes of UberEats and Airbnb.The startup expects to double the headcount by the end of 2019, including growing the tech team from 80 to 300 employees. . The post Paris-based AI-powered photography platform Meero raises $230 million appeared first on Tech.eu .'

The first trailer for the Monster Hunter movie leaks online

Computer Games VG247

A trailer for the Milla Jovovich-led Monster Hunter movie leaked online last night during the Shanghai International Film Festival.Jovovich makes an appearance during the 30-second teaser, which shows her standing in the bones of a long-dead
'A trailer for the Milla Jovovich-led Monster Hunter movie leaked online last night during the Shanghai International Film Festival.Jovovich makes an appearance during the 30-second teaser, which shows her standing in the bones of a long-dead leviathan, caked by sand in a dusty desert.You can watch the trailer below: Monster Hunter Movie Trailer (offscreen) From Shanghai International Film Festival pic.twitter.com/mBvHqI8yda — AllGamesDelta (@AllGamesDelta_) June 18, 2019 The film went into production in September 2018 . Paul W.S.Anderson, who directed 1995’s Mortal Kombat and wrote 2004’s Resident Evil: Apocalypse is directing Monster Hunter. . The post The first trailer for the Monster Hunter movie leaks online appeared first on VG247 .'

Tesla And NIO Fires Spark Compulsory Safety Checks For All EV Makers In China

Cars Carscoops

Automakers must submit their findings to the Ministry of Industry and Information Technology by the end of October.
'Chinese authorities have ordered a number of car manufacturers to conduct safety checks on their electric vehicles following a recent spate of fires involving Tesla and NIO vehicles. According to CXLive , China’s Ministry of Industry and Information Technology issued the directive on Monday, requiring companies to check vehicles in inventories and those which have been sold for possible safety flaws related to battery boxes, waterproof protection, high-voltage wiring harnesses, and onboard charging devices. Car manufacturers are required to submit their findings by the end of October, Yahoo reports. Also Read: Tesla Model S Catches Fire In Hong Kong Parking Lot Prompting Battery Update In April, video emerged showing a Tesla Model S explode and catch fire while sitting in an underground parking lot in Shanghai. This immediately triggered an investigation from the Californian car manufacturer, but findings have yet to be published. Less than one month later, another Model S caught fire while sitting in a parking lot in Hong Kong, prompting Tesla to introduce an over-the-air battery software update to adjust battery settings. More recently, a NIO ES8 SUV caught fire while undergoing routine maintenance at an authorized repair facility. An investigation from the electric automaker revealed that the fire was triggered by a battery short circuit. Last year there were more than 40 fire-related incidents involving new-energy vehicles in China and more than 130,000 cars were recalled as a result. Not even Audi is immune to fire risks with its brand new e-Tron SUV , as it recently announced a voluntary recall due to a risk that moisture can seep into the battery cell through a wiring harness glitch and spark a fire.'