Trump says Democrats ‘not nice!’ for holding impeachment hearings while he’s overseas — but GOP did same to Clinton

President Donald Trump criticized House Democrats on Monday for scheduling a key impeachment hearing during his trip to London for a NATO meeting — 21 years after House Republicans conducted impeachment proceedings against President Bill Clinton while he was on several overseas trips. Trump accused Democrats in a tweet of “purposely” scheduling the first House Judiciary Committee hearing on impeachment against him for Wednesday, saying that was “not nice!” “The do-nothing Democrats decided … t


President Donald Trump criticized House Democrats on Monday for scheduling a key impeachment hearing during his trip to London for a NATO meeting — 21 years after House Republicans conducted impeachment proceedings against President Bill Clinton while he was on several overseas trips.
Trump accused Democrats in a tweet of “purposely” scheduling the first House Judiciary Committee hearing on impeachment against him for Wednesday, saying that was “not nice!”
“The do-nothing Democrats decided … t
Trump says Democrats ‘not nice!’ for holding impeachment hearings while he’s overseas — but GOP did same to Clinton Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-02  Authors: dan mangan
Keywords: news, cnbc, companies, house, white, impeachment, gop, nice, hearings, holding, hes, president, overseas, judiciary, democrats, republicans, clinton, hearing, trump


Trump says Democrats 'not nice!' for holding impeachment hearings while he's overseas — but GOP did same to Clinton

U.S. President Donald Trump arrives to speak to members of the media before boarding Marine One on the South Lawn of the White House in Washington, D.C., U.S., on Monday, Dec. 2, 2019.

President Donald Trump criticized House Democrats on Monday for scheduling a key impeachment hearing during his trip to London for a NATO meeting — 21 years after House Republicans conducted impeachment proceedings against President Bill Clinton while he was on several overseas trips.

Trump accused Democrats in a tweet of “purposely” scheduling the first House Judiciary Committee hearing on impeachment against him for Wednesday, saying that was “not nice!”

“The do-nothing Democrats decided … that when I’m going to NATO, that was the exact time … they’d hold an impeachment hearing,” Trump told reporters at the White House before departing for London.

The House is pursuing an impeachment inquiry of Trump as a result of his pressuring the newly elected president of Ukraine to investigate former Vice President Joe Biden and a debunked conspiracy theory involving the 2016 presidential election. The pressure campaign came at the same time that Trump was withholding congressionally appropriated military aid to Ukraine.

Rep. Mark Meadows, R-N.C., in his own tweet accused his Democratic counterparts of “extremely poor form, and another instance of an unfair and unserious process” against Trump.

Secretary of State Mike Pompeo, formerly a Republican House member from Kansas, said on Fox News on Monday that the timing of the House Judiciary hearing is “very unfortunate.”

Pompeo said there is a long-standing tradition to support a president when he travels overseas.

But Republicans in late 1998 and into 1999 conducted proceedings related to the impeachment of Clinton when he was traveling abroad.

On Nov. 19, 1998, Kenneth Starr, the independent counsel who investigated Clinton for years, testified for more than two hours to the House Judiciary Committee — which at the time was controlled by Republicans — about the Democratic president.

Starr accused Clinton of “an unlawful effort to thwart the judicial process,” by lying under oath during a deposition in a sexual harassment lawsuit about his relationship with White House intern Monica Lewinsky.

On the day Starr testified in Washington, Clinton was traveling in Japan, where he met with Emperor Akhito and Prime Minister Keizo Obuchi.


Company: cnbc, Activity: cnbc, Date: 2019-12-02  Authors: dan mangan
Keywords: news, cnbc, companies, house, white, impeachment, gop, nice, hearings, holding, hes, president, overseas, judiciary, democrats, republicans, clinton, hearing, trump


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China’s overseas financial links deepen despite trade tensions with US

U.S. one-hundred dollar banknotes and Chinese one-hundred yuan banknotes are arranged for a photograph in Hong Kong on April 15, 2019. Foreign money is still betting on China, regardless of a slowdown in its economic growth, or tense trade negotiations with the United States. “Beyond financial considerations, this issuance also reflects China’s ongoing efforts to integrate itself into global financial markets, and delivers a strong message that it welcomes foreign investors.” The Chinese governm


U.S. one-hundred dollar banknotes and Chinese one-hundred yuan banknotes are arranged for a photograph in Hong Kong on April 15, 2019.
Foreign money is still betting on China, regardless of a slowdown in its economic growth, or tense trade negotiations with the United States.
“Beyond financial considerations, this issuance also reflects China’s ongoing efforts to integrate itself into global financial markets, and delivers a strong message that it welcomes foreign investors.”
The Chinese governm
China’s overseas financial links deepen despite trade tensions with US Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-29  Authors: evelyn cheng
Keywords: news, cnbc, companies, chinas, trade, yuan, foreign, overseas, investors, china, international, financial, tensions, deepen, chinese, despite, issuance, local, links


China's overseas financial links deepen despite trade tensions with US

U.S. one-hundred dollar banknotes and Chinese one-hundred yuan banknotes are arranged for a photograph in Hong Kong on April 15, 2019.

Foreign money is still betting on China, regardless of a slowdown in its economic growth, or tense trade negotiations with the United States.

As global bond yields remain low, investors clamored for China’s biggest ever international sovereign bond sale on Tuesday, with orders for the $6 billion raise reaching 3.6 times the issuance, according to China’s Ministry of Finance.

“We still have a lot of investors who have confidence in investing in China,” Frank Zheng, head of international fixed income at China Asset Management Company, said in a phone interview Thursday, according to a CNBC translation of his Mandarin-language remarks.

The issuance yields for the four tranches of bonds ranged from 1.929% for a three-year term to 2.881% for a 20-year term, the finance ministry said.

“The tight spreads achieved provides a very positive signal on China’s fundamentals from an international investor’s perspective,” Rong Ren Goh, portfolio manager in Eastspring Investments’ fixed income team, said in an email. “Beyond financial considerations, this issuance also reflects China’s ongoing efforts to integrate itself into global financial markets, and delivers a strong message that it welcomes foreign investors.”

The Chinese government has picked up the pace of a long-touted opening of the local financial industry to foreign investors, peeling back limits on foreign stakes and quotas for foreign securities investment. The moves come as Beijing is under pressure from the U.S. to improve foreign access to Chinese markets, and needs to attract more capital into the local market.

Zhao Bowen, research director at Beijing-based Blue Stone Asset Management, pointed out that in the third quarter, China’s non-reserve financial assets broke a trend of running a surplus and instead posted a significant deficit that was greater than the current account surplus. Zhao also noted how trade tensions with the U.S. pushed the yuan weaker, giving Beijing more incentive to attract foreign capital.

While the majority of China’s debt (which has soared to a more-than-300% debt-to-GDP ratio) is denominated in local currency, Beijing needs U.S. dollars and other major foreign currencies for doing business with other countries, as the internationalization of the yuan makes slow progress.


Company: cnbc, Activity: cnbc, Date: 2019-11-29  Authors: evelyn cheng
Keywords: news, cnbc, companies, chinas, trade, yuan, foreign, overseas, investors, china, international, financial, tensions, deepen, chinese, despite, issuance, local, links


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Hong Kong is ‘the only option’ for China to connect with overseas markets for now, says expert

Ten global partners of Alibaba beat the gong during the company’s listing on the Hong Kong Exchanges and Clearing Market on November 26, 2019. “But we still see Hong Kong as being that conduit to enter and exit China in the medium term because it’s really the only option that exists for China to connect to the outside world,” he added. That appeal is evident in Chinese tech giant Alibaba’s recent Hong Kong listing, which attracted strong demand from investors, he noted. “In spite of what’s going


Ten global partners of Alibaba beat the gong during the company’s listing on the Hong Kong Exchanges and Clearing Market on November 26, 2019.
“But we still see Hong Kong as being that conduit to enter and exit China in the medium term because it’s really the only option that exists for China to connect to the outside world,” he added.
That appeal is evident in Chinese tech giant Alibaba’s recent Hong Kong listing, which attracted strong demand from investors, he noted.
“In spite of what’s going
Hong Kong is ‘the only option’ for China to connect with overseas markets for now, says expert Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-29  Authors: yen nee lee
Keywords: news, cnbc, companies, markets, hong, foreign, overseas, china, investors, connect, kong, option, expert, financial, asia, strong, stability


Hong Kong is 'the only option' for China to connect with overseas markets for now, says expert

Ten global partners of Alibaba beat the gong during the company’s listing on the Hong Kong Exchanges and Clearing Market on November 26, 2019.

Hong Kong has been engulfed in anti-government protests for months, but the city’s capital markets have remained an important gateway between China and the world, according to an industry association.

That’s despite China ramping up efforts to open up its financial sector to foreign investors, said Mark Austen, chief executive at Asia Securities Industry and Financial Markets Association, or Asifma. China has recently announced its plans to scrap limits on foreign stakes and quotas for foreign securities investment.

“China needs to move from an over reliance on bank lending to one where they have a dynamic, liquid capital market to fund their economic growth going forward,” Austen told CNBC’s “Squawk Box Asia” on Friday.

“But we still see Hong Kong as being that conduit to enter and exit China in the medium term because it’s really the only option that exists for China to connect to the outside world,” he added.

Hong Kong’s edge over China lies in its openness to foreign investors and “strong rule of law,” which are important to maintain, said Austen. That appeal is evident in Chinese tech giant Alibaba’s recent Hong Kong listing, which attracted strong demand from investors, he noted.

Alibaba’s secondary listing — the world’s largest offering so far this year — came at a time when business sentiment in Hong Kong has taken a hit amid the protests, which at times involved violent clashes between protesters and the police.

“In spite of what’s going on in Hong Kong at the moment, Alibaba has proven that the market (in Hong Kong) is still stable, it’s still liquid,” said Austen.

Still, China’s opening up is a trend that looks set to continue, but the extent and pace depend on financial stability in the country, said Michael Taylor, chief credit officer for Asia Pacific at Moody’s Investors Service.

“I think the commitment is very strong. The authorities have shown their willingness to open up markets,” he told CNBC’s “Street Signs Asia” on Friday.

“Obviously, that’s subject to other policy constraints that they have. One of the overarching objectives is to maintain stability. So, any opening up is going to be subject to its impact in terms of overall financial stability.”


Company: cnbc, Activity: cnbc, Date: 2019-11-29  Authors: yen nee lee
Keywords: news, cnbc, companies, markets, hong, foreign, overseas, china, investors, connect, kong, option, expert, financial, asia, strong, stability


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Once ambitious to expand into the US, some Chinese firms are now scaling back

Feng Xingya, President and Executive Director of Guangzhou Automobile Group, speaks at CNBC East Tech West on November 18, 2019 in Nansha, Guangzhou, China. Zhong Zhi | Getty Images News | Getty ImagesNANSHA, China — As trade tensions between China and the U.S. ramp up, many Chinese companies — once with ambitious plans to expand into the U.S. market — have been quietly scaling back. On May 10, the U.S. boosted tariffs from 10% to 25% on $200 billion worth of Chinese goods, including vehicle and


Feng Xingya, President and Executive Director of Guangzhou Automobile Group, speaks at CNBC East Tech West on November 18, 2019 in Nansha, Guangzhou, China.
Zhong Zhi | Getty Images News | Getty ImagesNANSHA, China — As trade tensions between China and the U.S. ramp up, many Chinese companies — once with ambitious plans to expand into the U.S. market — have been quietly scaling back.
On May 10, the U.S. boosted tariffs from 10% to 25% on $200 billion worth of Chinese goods, including vehicle and
Once ambitious to expand into the US, some Chinese firms are now scaling back Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-25  Authors: qian chen
Keywords: news, cnbc, companies, chinese, east, countries, china, payment, ambitious, company, market, overseas, expand, guangzhou, firms, scaling, wechat


Once ambitious to expand into the US, some Chinese firms are now scaling back

Feng Xingya, President and Executive Director of Guangzhou Automobile Group, speaks at CNBC East Tech West on November 18, 2019 in Nansha, Guangzhou, China. Zhong Zhi | Getty Images News | Getty Images

NANSHA, China — As trade tensions between China and the U.S. ramp up, many Chinese companies — once with ambitious plans to expand into the U.S. market — have been quietly scaling back. Still, that’s not holding back some businesses, and many Chinese companies have announced partnerships in Southeast Asia, Europe, and even the Middle East. One example is Guangzhou Automobile Group — one of China’s largest carmakers. GAC has set its eyes on the U.S. market since 2018. The company set up research and development centers in Silicon Valley, Los Angles and Detroit, registered its North American sales operations in Irvine this year and showcased at the North American International Auto Show in Detroit to promote its new models. Everything seemed ready — until the U.S.-China trade war intensified. “Our initial plan to enter the U.S. market in early 2020 is no longer valid as the U.S. imposed tariffs towards China’s finished automobile exports,” said Feng Xingya, president of GAC Group, during CNBC’s East Tech West conference in the Nansha district of Guangzhou city, China. The two countries have been imposing punitive tariffs on each other’s goods worth hundreds of billions of dollars. On May 10, the U.S. boosted tariffs from 10% to 25% on $200 billion worth of Chinese goods, including vehicle and automotive parts. Despite multiple high-level negotiations, there has been solid progress. More tariffs have been set in place, and without a breakthrough, additional U.S. duties will be imposed on Chinese goods as soon as Dec. 15. “We suspended the development of products and slowed down investment in the U.S. since the beginning of this year,” he said in Mandarin, according to CNBC’s translation. “We are waiting for the tariff situation to be better so that we can restart our development there.”

GAC looks to Middle East, Russia

GAC has announced it will postpone its planned U.S. debut. The automaker, headquartered in Guangzhou, China, is not the only Chinese company that has pulled back on its overseas expansion and investments in the U.S. According to Rhodium Group, Chinese foreign direct investment (FDI) in the U.S. declined to $4.8 billion in 2018 — down 84% from $29 billion in 2017. However, the U.S.-China trade tension hasn’t stopped the car-maker from seeking a larger global presence. Planning to tap into the Oman market by the end of this year, GAC has expanded its footprints in nine countries in the Middle East — including Saudi Arabia, the United Arab Emirates, Kuwait and Qatar. It now has 14 sales outlets in the region.

According to Feng, the company has opened a wholly-owned subsidiary in Hong Kong to better manage its international business. “We will also enter the Russian market by the end of this year,” he told CNBC. “To date, GAC is present in 24 countries globally and we are speeding up to enter other markets.” Feng also sees the European Union as a primary market for the company’s new energy cars in the future as the company is betting big on smart and electric automobile technologies. “New energy cars are very popular in Europe and recently we received invitations from many countries that welcome us to develop in Europe,” Feng added. “GAC’s goal is to become a global enterprise.”

WeChat Pay will go ‘wherever is right and open to us’

Chinese payment giant WeChat Pay, with total daily payment transactions exceeding one billion last year, recently opened its platform to international travelers in China for the first time. The move is seen as a step to raise brand awareness and educate foreign customers about mobile payment, which will ultimately help Tencent-owned WeChat expand overseas.

“Our overseas strategy is to support Chinese tourists’ traveling and spending abroad because they are used to WeChat Pay domestically,” said Greg Geng, Vice President of Tencent’s WeChat Business Group. According to data reported by China’s Xinhua News Agency, Chinese citizens made nearly 150 million trips overseas in 2018, a 14.7% increase compared to a year ago. “We want to make the payment experience easier for WeChat’s users, even when they are overseas,” Geng told CNBC. WeChat Pay can now be accepted for 16 currencies in more than 60 countries. Since 2017, WeChat has worked with Citcon, a cross-border mobile payments company headquartered in Silicon Valley, to bring mobile payment services to North America.

However, compared to its success in Southeast Asian countries like Singapore and Malaysia — where many stores and businesses embrace WeChat Pay to attract Chinese visitors — its usage in the U.S. is still relatively limited. With U.S. social media companies like Facebook releasing payment systems, there are concerns that expanding WeChat in the U.S. could become more challenging. But Geng sees the competition in a different way. “What we are exporting is a payment product and we need a local partner — whether it’s a bank, a financial institution or a third-party platform,” said Geng in Mandarin. “Everyone thought WeChat and Line are competitors, but we are also partnering on the payment.” Geng said he would not rule out a potential cooperation opportunity in the future with U.S. companies like Facebook. “We will go wherever is right and open to us,” he added.

‘No country boundary for innovation’

Nasdaq-listed iQiyi, a leading video streaming platform often referred to as the “Netflix of China,” announced its first overseas partnership in June 2019. The online entertainment company expanded its footprint to Malaysia by launching a channel with Astro, a Malaysian satellite television provider, to bring video content to the Southeast Asian country. “We support subtitle choices for multi-languages including Chinese, English, Malay and Thai,” said Wang Xuepu, Vice president of iQiyi, during CNBC’s East Tech West conference. “We hope to work with local production teams and partners to explore more potentials on personalized content.” “We hope we can share our technologies and high-quality content with our local partners because we believe there’s no country boundary for innovation,” he told CNBC. Wang’s views were echoed by Zhang Song, managing director of software consultancy ThoughtWorks, who said countries should work together instead of competing in a so-called “technology race.” “Products coming out from research centers will be delivered to the global market, not only Chinese people but consumers from the U.S. and other countries will benefit (from these products),” said Zhang.

Wang Xuepu, VP of iQIYI speaks with Qian Chen, reporter of CNBC in Nansha, Guangzhou, China. Zhong Zhi | Getty Images News | Getty Images

However, as the U.S.-China trade war drags on, Chinese tech companies will continue to feel the restrictions. iFlytek, an artificial intelligence company in China, was added to a U.S. trade blacklist in October 2019, which prevents the company from buying U.S.-made technology. But the hurdle might not have much impact on iFlytek’s global ambition, according to Doranda Doo, who is senior vice president at the company. “We have been actively working on overseas strategies in places including the U.S, Japan, Europe and New Zealand,” said Doo. “Our development will not be stopped.”


Company: cnbc, Activity: cnbc, Date: 2019-11-25  Authors: qian chen
Keywords: news, cnbc, companies, chinese, east, countries, china, payment, ambitious, company, market, overseas, expand, guangzhou, firms, scaling, wechat


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As US college costs soar, some students find bargains overseas

Benjamin Caldarelli, the co-founder of Princeton College Consulting, said he has helped many students attend college outside the U.S. “You are going to see more and more of this,” he said. Annual tuition and fees for a four-year private college averaged $35,830 in 2018-19; at four-year, in-state public colleges, it was $10,230, according to the College Board. However, determining the value of attending college abroad is not a question of tuition costs alone. In addition, depending on the college


Benjamin Caldarelli, the co-founder of Princeton College Consulting, said he has helped many students attend college outside the U.S. “You are going to see more and more of this,” he said.
Annual tuition and fees for a four-year private college averaged $35,830 in 2018-19; at four-year, in-state public colleges, it was $10,230, according to the College Board.
However, determining the value of attending college abroad is not a question of tuition costs alone.
In addition, depending on the college
As US college costs soar, some students find bargains overseas Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-23  Authors: jessica dickler
Keywords: news, cnbc, companies, fouryear, example, overseas, tuition, soar, college, costs, families, colleges, bargains, abroad, expense, studying, students


As US college costs soar, some students find bargains overseas

Aside from satisfying wanderlust, there is another notable advantage: cost.

Benjamin Caldarelli, the co-founder of Princeton College Consulting, said he has helped many students attend college outside the U.S. “You are going to see more and more of this,” he said.

Rather than just studying abroad for a semester or two, about 50,000 U.S. students are currently pursuing full degrees abroad, with a little more than half of them studying in the U.K. and Canada, according to data from the Institute of International Education.

In fact, a growing number of college-bound students are completing their bachelor’s degrees in foreign lands.

In this country, college costs have been increasing significantly for decades. A college education is now the second-largest expense an individual is likely to make in a lifetime — right after purchasing a home.

Over the last decade, tuition and fees jumped 44% at four-year, private colleges and by 55% at public four-year schools.

Annual tuition and fees for a four-year private college averaged $35,830 in 2018-19; at four-year, in-state public colleges, it was $10,230, according to the College Board. And that’s not even adding in room and board or other expenses.

For many, that means going deep into debt. Seven in 10 seniors graduate with loans, owing about $30,000 per borrower, according to the most recent data from the Institute for College Access & Success.

As a result, student loan balances in the U.S. have reached record proportions, with $1.6 trillion in loans outstanding.

But it isn’t like that everywhere.

Colleges in France and Switzerland, for example, offer low tuition and, as a result, only a small percentage of students graduate with loans.

More from Personal Finance:

Why college tuition keeps rising

Forget SATs, colleges want to know if you are a good person

Tuition-free college is now a reality in nearly 20 states

In countries like Germany and Sweden, students can attend university entirely free of charge. (College is not less expensive outside of the U.S. across the board, however; at University College of London, for example, U.S. students will pay up to $34,000 in tuition, depending on the specific program. At Oxford, American students may pay an even higher rate, although it also depends on the course of study. The tuition fee for computer science, for example, is $46,000.)

Still, the potential savings is no small thing considering how much the expense of a degree weighs on families, particularly as a college education becomes increasingly important for those aiming to get ahead in today’s economy.

“Is cost causing students and their families to vote with their feet? That question is coming up more and more,” said Robert Franek, The Princeton Review’s editor-in-chief.

However, determining the value of attending college abroad is not a question of tuition costs alone.

For starters, fluctuating currency rates can make it hard to pin down a precise measure of what the total expense through graduation will be.

In addition, depending on the college, U.S. students might, or might not, have access to financial aid.

“There are a host of international schools that will honor your financial aid – others don’t,” Franek said. (The Department of Education provides information on the number of foreign colleges and universities where Americans can apply for federal aid.)

In many countries, students will need a visa in order to study there, although the requirements vary from one location to another. In some cases, applicants must provide proof that they can cover the cost of tuition as part of that process.

Living abroad is another expense. Families can expect to spend more on travel — both for a college student to come home over breaks and to explore neighboring cities and countries. Although that’s a related expense to studying abroad, any money saved in a 529 college savings plan would not apply.


Company: cnbc, Activity: cnbc, Date: 2019-11-23  Authors: jessica dickler
Keywords: news, cnbc, companies, fouryear, example, overseas, tuition, soar, college, costs, families, colleges, bargains, abroad, expense, studying, students


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Boris Johnson’s Conservative Party to charge foreigners extra to buy English property

Foreign buyers who want to own a property in England will need to pay more than a U.K. citizen, should the ruling Conservative Party stay in power after December’s general election. The party has revealed its policy of a 3% surcharge to non-U.K. tax residents as part of a bid to take some of the steam out of the property market. “This adds significant amounts of demand to limited supply, inflating house prices and making it harder for people in Britain looking to get a foot on the property ladde


Foreign buyers who want to own a property in England will need to pay more than a U.K. citizen, should the ruling Conservative Party stay in power after December’s general election.
The party has revealed its policy of a 3% surcharge to non-U.K. tax residents as part of a bid to take some of the steam out of the property market.
“This adds significant amounts of demand to limited supply, inflating house prices and making it harder for people in Britain looking to get a foot on the property ladde
Boris Johnson’s Conservative Party to charge foreigners extra to buy English property Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-22  Authors: david reid
Keywords: news, cnbc, companies, stamp, johnsons, foreigners, charge, ladder, overseas, property, need, buy, boris, party, tax, conservative, policy, extra, purchases, english, itv


Boris Johnson's Conservative Party to charge foreigners extra to buy English property

In this handout image supplied by ITV, Prime Minister Boris Johnson and Leader of the Labour Party Jeremy Corbyn shake hands during the ITV Leaders Debate at Media Centre on November 19, 2019 in Salford, England.

Foreign buyers who want to own a property in England will need to pay more than a U.K. citizen, should the ruling Conservative Party stay in power after December’s general election.

The party has revealed its policy of a 3% surcharge to non-U.K. tax residents as part of a bid to take some of the steam out of the property market.

Announcing the policy, the Conservatives cited a York University study that claimed more than one in 10 new London homes were bought by non-residents from 2014 to 2016.

“This adds significant amounts of demand to limited supply, inflating house prices and making it harder for people in Britain looking to get a foot on the property ladder,” said the party.

As an example, overseas buyers would need to find an extra £50,000 ($64,400) to afford the average house price in London’s Notting Hill, which currently sits in excess of £1.6 million, according to property website portal Zoopla.

The tax, known as stamp duty, already exists for property purchases. Higher levels of stamp duty are typically applied on second home and buy-to-let purchases. It was already in line for a 1% rise for overseas buyers.

The party, which currently enjoys a healthy lead in the polls, claims it will help people get on the housing ladder by removing some foreign competition in the property market.

The Conservatives estimate it will affect 70,000 purchases per year.

Companies and individuals will both be affected but the charge only applies to properties in England rather than the wider United Kingdom.


Company: cnbc, Activity: cnbc, Date: 2019-11-22  Authors: david reid
Keywords: news, cnbc, companies, stamp, johnsons, foreigners, charge, ladder, overseas, property, need, buy, boris, party, tax, conservative, policy, extra, purchases, english, itv


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‘Illegal colonial occupier’: Mauritius condemns UK for failing to give up control of an overseas territory

Britain has defied an order by the United Nations to return control of an overseas territory to the island nation of Mauritius. The UN had given the U.K. six months to hand control of the Chagos Islands — an archipelago in the central Indian Ocean — back to Mauritius, but this deadline has now passed. The government of Mauritius has previously accused Britain of being an “illegal colonial occupier” in the Chagos Archipelago. The island state claims it was forced to hand over the Chagos Islands t


Britain has defied an order by the United Nations to return control of an overseas territory to the island nation of Mauritius.
The UN had given the U.K. six months to hand control of the Chagos Islands — an archipelago in the central Indian Ocean — back to Mauritius, but this deadline has now passed.
The government of Mauritius has previously accused Britain of being an “illegal colonial occupier” in the Chagos Archipelago.
The island state claims it was forced to hand over the Chagos Islands t
‘Illegal colonial occupier’: Mauritius condemns UK for failing to give up control of an overseas territory Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-22  Authors: sam meredith
Keywords: news, cnbc, companies, condemns, ocean, illegal, territory, indian, chagos, island, overseas, failing, sovereignty, control, previously, islands, occupier, colonial, mauritius


'Illegal colonial occupier': Mauritius condemns UK for failing to give up control of an overseas territory

Britain has defied an order by the United Nations to return control of an overseas territory to the island nation of Mauritius.

The UN had given the U.K. six months to hand control of the Chagos Islands — an archipelago in the central Indian Ocean — back to Mauritius, but this deadline has now passed.

The government of Mauritius has previously accused Britain of being an “illegal colonial occupier” in the Chagos Archipelago.

The island state claims it was forced to hand over the Chagos Islands to the U.K. in 1965 for independence, which it gained three years later.

“The U.K. has no doubt as to our sovereignty over the British Indian Ocean Territory (BIOT), which has been under continuous British sovereignty since 1814,” Britain’s Foreign and Commonwealth Office (FCO) said in a statement earlier this month.

“Mauritius has never held sovereignty over the BIOT and the U.K. does not recognise its claim.”

Britain’s FCO was not immediately available for comment when contacted by CNBC on Friday morning. It has previously insisted it has every right to hold onto the islands.


Company: cnbc, Activity: cnbc, Date: 2019-11-22  Authors: sam meredith
Keywords: news, cnbc, companies, condemns, ocean, illegal, territory, indian, chagos, island, overseas, failing, sovereignty, control, previously, islands, occupier, colonial, mauritius


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Hunter Biden says he ‘did nothing wrong at all’ — but admits ‘poor judgment’ in overseas deals

Former Vice President Joe Biden’s son Hunter Biden, who currently is the focus of intense criticism by President Donald Trump and his allies over his foreign business relationships, in a new interview says he “did nothing wrong at all.” Joe Biden’s stance was in line with that of European governments with concern about corruption in Ukraine. But Trump and his personal lawyer Rudy Giuliani have argued that Joe Biden was acting out of concern that the prosecutor was investigating Burisma, and, by


Former Vice President Joe Biden’s son Hunter Biden, who currently is the focus of intense criticism by President Donald Trump and his allies over his foreign business relationships, in a new interview says he “did nothing wrong at all.” Joe Biden’s stance was in line with that of European governments with concern about corruption in Ukraine. But Trump and his personal lawyer Rudy Giuliani have argued that Joe Biden was acting out of concern that the prosecutor was investigating Burisma, and, by
Hunter Biden says he ‘did nothing wrong at all’ — but admits ‘poor judgment’ in overseas deals Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-15  Authors: dan mangan
Keywords: news, cnbc, companies, vice, joe, giuliani, deals, overseas, president, poor, admits, ukraine, bidens, trump, prosecutor, wrong, biden, hunter, judgment


Hunter Biden says he 'did nothing wrong at all' — but admits 'poor judgment' in overseas deals

Former Vice President Joe Biden’s son Hunter Biden, who currently is the focus of intense criticism by President Donald Trump and his allies over his foreign business relationships, in a new interview says he “did nothing wrong at all.”

But Hunter Biden admitted in the sitdown with ABC News that “I think it was poor judgment on my part” to become involved in overseas ventures in Ukraine and China, which have complicated his father’s current run for the Democratic presidential nomination, and in turn led to an impeachment inquiry into Trump.

And when he was asked if he would have gotten a lucrative board position at the Ukraine natural gas company Burisma if his last name was not Biden, the 49-year-old Hunter said, “probably not.”

Biden was on Burisma’s board when his father, while serving as vice president in the Obama administration, pressured Ukraine’s government to fire a prosecutor in that country because of concerns that the prosecutor was not doing enough to fight corruption.

Joe Biden’s stance was in line with that of European governments with concern about corruption in Ukraine.

But Trump and his personal lawyer Rudy Giuliani have argued that Joe Biden was acting out of concern that the prosecutor was investigating Burisma, and, by extension, that Joe Biden had acted improperly by supposedly trying to protect his son.

There is no evidence that Trump or Giuliani has produced which shows that Hunter Biden was engaged in wrongdoing in his work for Burisma.

Trump and Giuliani have asked the current government of Ukraine to investigate Joe Biden’s actions.

Last month, the House launched an impeachment inquiry into Trump after revelations that a CIA whistleblower had raised about a July phone call the president had with Ukraine’s new leader, Volodymyr Zelesnky, during which Trump urged Zelensky to probe Biden.

At the time, Trump was withholding Congressionally appropriated military aid to Ukraine. That aid later was released after Congress raised concerns about the delay in turning over the money.


Company: cnbc, Activity: cnbc, Date: 2019-10-15  Authors: dan mangan
Keywords: news, cnbc, companies, vice, joe, giuliani, deals, overseas, president, poor, admits, ukraine, bidens, trump, prosecutor, wrong, biden, hunter, judgment


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Chinese tourism growth slows as overseas travel loses its luster

BEIJING — The rapid growth of Chinese tourism took a bit of a breather during the latest week-long National Day holiday, government data indicate. “Golden Week data point to a slowdown,” Ting Lu, Nomura’s chief China economist, said in the title of a report distributed Wednesday. “As China’s economy has become increasingly reliant on consumption to drive its growth, data from ‘golden weeks’ have become a good barometer of China’s consumption growth trend.” Tourism growth slowed during another go


BEIJING — The rapid growth of Chinese tourism took a bit of a breather during the latest week-long National Day holiday, government data indicate. “Golden Week data point to a slowdown,” Ting Lu, Nomura’s chief China economist, said in the title of a report distributed Wednesday. “As China’s economy has become increasingly reliant on consumption to drive its growth, data from ‘golden weeks’ have become a good barometer of China’s consumption growth trend.” Tourism growth slowed during another go
Chinese tourism growth slows as overseas travel loses its luster Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-09  Authors: evelyn cheng
Keywords: news, cnbc, companies, tourism, chinese, travel, golden, loses, data, consumption, slows, day, days, growth, oct, overseas, week, holiday, million, luster


Chinese tourism growth slows as overseas travel loses its luster

XIAOSHAN AIRPORT, HANGZHOU, ZHEJIANG PROVINCE, CHINA: An outbound tourist group is waiting for check-in in front of the counter of China Customs. Chinese nationals have become the largest number of foreign tourists visiting other countries in 2015 as the number of outbound visitors crossed 120 million, registering an 11 million increase from last year.

BEIJING — The rapid growth of Chinese tourism took a bit of a breather during the latest week-long National Day holiday, government data indicate.

The seven-day vacation from Oct. 1 to Oct. 7 is dubbed “Golden Week” and is one of the few major government-mandated holidays in a country where personal vacation days are few. This year’s National Day was particularly significant domestically since it revolved around massive celebrations on Oct. 1 for the 70th anniversary of the Communist Party’s rule.

Chinese tourist sites received 782 million visits during the holiday, up well over 7% from last year’s 726 million, according to the Ministry of Culture and Tourism. But, that’s slower than reported growth of more than 9% in 2018, and down from a 10% increase in 2017.

Retail and food and beverage sales from Oct. 1 to Oct. 7 grew 8.5% to 1.52 trillion yuan ($212.7 billion), according to the Ministry of Commerce. While a solid figure, that’s a slower pace than the Commerce Ministry’s claims of nearly 10% or higher growth for previous years.

“Golden Week data point to a slowdown,” Ting Lu, Nomura’s chief China economist, said in the title of a report distributed Wednesday. “As China’s economy has become increasingly reliant on consumption to drive its growth, data from ‘golden weeks’ have become a good barometer of China’s consumption growth trend.”

Chinese authorities are trying to boost domestic consumption in an effort to support economic growth. Shortly after a major government meeting in March, authorities announced the May 1 Labor Day holiday would be extended by two days by swapping those working days with weekends, as is typical in China.

Tourism growth slowed during another golden week this year, the Lunar New Year holiday in February. Official numbers for overseas travel during that period were not clear about the actual rate of change.


Company: cnbc, Activity: cnbc, Date: 2019-10-09  Authors: evelyn cheng
Keywords: news, cnbc, companies, tourism, chinese, travel, golden, loses, data, consumption, slows, day, days, growth, oct, overseas, week, holiday, million, luster


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US workers may have to change social media use as firms adapt to China’s rules, analyst says

U.S. firms with a presence in China may soon be forced to change how they operate and employees could be asked to restrict how they use personal social media, according to one analyst. With this latest swipe back at corporate business, China has underlined how sensitive it is to criticism and reinforced the strict rules it wants to be followed by overseas firms wanting to earn money in the country. Speaking to CNBC’S Street Signs Tuesday, James Pethokoukis, an economic policy analyst at the Amer


U.S. firms with a presence in China may soon be forced to change how they operate and employees could be asked to restrict how they use personal social media, according to one analyst. With this latest swipe back at corporate business, China has underlined how sensitive it is to criticism and reinforced the strict rules it wants to be followed by overseas firms wanting to earn money in the country. Speaking to CNBC’S Street Signs Tuesday, James Pethokoukis, an economic policy analyst at the Amer
US workers may have to change social media use as firms adapt to China’s rules, analyst says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-08  Authors: david reid
Keywords: news, cnbc, companies, business, change, analyst, media, firms, chinas, nba, hong, employees, china, economic, adapt, social, rules, workers, overseas


US workers may have to change social media use as firms adapt to China's rules, analyst says

U.S. firms with a presence in China may soon be forced to change how they operate and employees could be asked to restrict how they use personal social media, according to one analyst.

China flexed its economic might against the U.S. National Basketball Association (NBA) on Tuesday by suspending broadcast arrangements after the Houston Rockets general manager tweeted support for anti-government protests in Hong Kong.

Beijing’s power over international companies was also highlighted back in August when Cathay Pacific CEO Rupert Hogg stepped down after one of the airline’s pilots was found to have taken part in the protests.

With this latest swipe back at corporate business, China has underlined how sensitive it is to criticism and reinforced the strict rules it wants to be followed by overseas firms wanting to earn money in the country.

Speaking to CNBC’S Street Signs Tuesday, James Pethokoukis, an economic policy analyst at the American Enterprise Institute, said U.S. firms in China would face increasingly difficult choices.

“Perhaps in how employees use social media but more importantly about how to do business in China,” he said, before adding that a cultural boycott by overseas entertainment, similar to what was seen in South Africa in the 1980s, was also a possible outcome.

“I can easily see how there will be increasing pressure on the NBA or Hollywood to limit or change how it does business in China,” said Pethokoukis.

“Perhaps no more red carpet or premieres in Shanghai as long as there are crackdowns in Hong Kong and internment of Uighurs in western China,” he added.


Company: cnbc, Activity: cnbc, Date: 2019-10-08  Authors: david reid
Keywords: news, cnbc, companies, business, change, analyst, media, firms, chinas, nba, hong, employees, china, economic, adapt, social, rules, workers, overseas


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